81 FR 24147 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 79 (April 25, 2016)

Page Range		24147-24148
FR Document		2016-09714

Federal Register, Volume 81 Issue 79 (Monday, April 25, 2016)

[Federal Register Volume 81, Number 79 (Monday, April 25, 2016)]
[Notices]
[Pages 24147-24148]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-09714]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission will hold a Closed Meeting on Thursday, April 
28, 2016 at 1:00 p.m.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the Closed Meeting. 
Certain

[[Page 24148]]

staff members who have an interest in the matters also may be present.
    The General Counsel of the Commission, or her designee, has 
certified that, in her opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR 
200.402(a)(3), (5), (7), 9(ii) and (10), permit consideration of the 
scheduled matter at the Closed Meeting.
    Commissioner Piwowar, as duty officer, voted to consider the items 
listed for the Closed Meeting in closed session.
    The subject matter of the Closed Meeting will be:

Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings; and
Other matters relating to enforcement proceedings.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.

    For further information and to ascertain what, if any, matters have 
been added, deleted or postponed, please contact the Office of the 
Secretary at (202) 551-5400.

    Dated: April 21, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-09714 Filed 4-21-16; 4:15 pm]
BILLING CODE 8011-01-P

Federal Register / Vol. 81, No. 79 / Monday, April 25, 2016 / Notices 24147

and partners doing business with OPIC. established by the Commission under 39 Availability of documents. Pursuant
It is used to collect data and suggestions U.S.C. 3622.1 to rule 3017.3(b), the Commission
to improve customer services to provide Pursuant to section 407(c)(1) and 39 directs the Secretary of the Commission
debt financing, insurance and CFR part 3017, the Commission to arrange for the prompt posting on the
investment funds for overseas establishes Docket No. IM2016–1 for the Commission’s Web site of the
businesses. OPIC’s mandate is to purpose of developing its views on correspondence identified in this Order.
catalyze private capital for sustainable matters referred to in State’s Request. The Commission will post other
economic development, to advance U.S. documents in this docket when the
foreign policy and development goals II. Initial Commission Action Commission determines such other
abroad. Establishment of docket. Part 3017 of documents are applicable and able to be
Dated: April 20, 2016. title 39 of the Code of Federal made publicly available.
Nichole Skoyles, Regulations codifies procedures related Federal Register publication. Rule
to the development of the Commission’s 3017.3(c) requires publication in the
Administrative Counsel, Department of Legal
Affairs. section 407 views.2 Pursuant to rules Federal Register of the notice
3017.3(a), the Commission establishes establishing a docket authorized under
[FR Doc. 2016–09541 Filed 4–22–16; 8:45 am]
this docket to ‘‘solicit comments on the part 3017. 39 CFR 3017.3(c). Pursuant to
BILLING CODE 3210–01–P
general principles that should guide the this rule, the Commission directs the
Commission’s development of views on Secretary of the Commission to arrange
relevant proposals, in a general way, for prompt publication of this Order in
and on specific relevant proposals, if the the Federal Register.
POSTAL REGULATORY COMMISSION
Commission is able to make these III. Ordering Paragraphs
available.’’ 39 CFR 3017.3(a).
[Docket No. IM2016–1; Order No. 3253] Comments. Rule 3017.4(a) provides It is ordered:
that the Commission ‘‘shall establish a 1. The Commission establishes Docket
Section 407 Proceeding No. IM2016–1 for purposes related to
deadline for comments upon
AGENCY: Postal Regulatory Commission. establishment of the docket that is the development of section 407(c)(1)
consistent with timely submission of the views and invites public comments
ACTION: Notice. related to this effort, as described in the
Commission’s views to the Secretary of
State.’’ 39 CFR 3017.4 (a). The Secretary body of this Order.
SUMMARY: The Commission is noticing a 2. Comments are due no later than
proceeding to consider whether of State has requested that the
Commission submit its views by August July 21, 2016.
proposals of the 26th Congress of the 3. Pursuant to 39 U.S.C. 505, Kenneth
Universal Postal Union are consistent 21, 2016. State’s Request at 1. To ensure
timely submission of the Commission’s E. Richardson is appointed to serve as
with the modern rate regulation an officer of the Commission (Public
standards of 39 U.S.C. 3622. This notice views to the Department of State, the
Commission establishes July 21, 2016, Representative) to represent the
informs the public of the filing, invites interests of the general public in this
public comment, and takes other as the deadline for submission of
comments on the principles that should docket.
administrative steps. 4. The Secretary is directed to post the
guide development of its views, as well
DATES: Comments are due: July 21, as those on the consistency of proposals correspondence referred to in this Order
2016. subject to subchapter I of chapter 36 on the Commission’s Web site, along
with the standards and criteria of 39 with other documents the Commission
ADDRESSES: Submit comments may determine should be made publicly
electronically via the Commission’s U.S.C. 3622. Comments are to be
submitted in the above captioned docket available.
Filing Online system at http:// 5. The Secretary shall arrange for
www.prc.gov. Those who cannot submit via the Commission’s Web site at http://
www.prc.gov unless a request for waiver publication of this order in the Federal
comments electronically should contact Register.
the person identified in the FOR FURTHER is approved. For assistance with filing,
INFORMATION CONTACT section by
contact the Commission’s docket section By the Commission.
telephone for advice on filing at 202–789–6846 or dockets@prc.gov. Stacy L. Ruble,
alternatives. Public Representative. Section 505 of Secretary.
title 39 requires the designation of an [FR Doc. 2016–09511 Filed 4–22–16; 8:45 am]
FOR FURTHER INFORMATION CONTACT: officer of the Commission (public BILLING CODE 7710–FW–P
David A. Trissell, General Counsel, at representative) to represent the interests
202–789–6820. of the general public in all public
SUPPLEMENTARY INFORMATION: proceedings. The Commission
designates Kenneth E. Richardson as SECURITIES AND EXCHANGE
Table of Contents Public Representative in this COMMISSION
proceeding. Sunshine Act Meeting
I. Introduction
II. Initial Commission Action
III. Ordering Paragraphs
1 See Letter from Nerissa J. Cook, Deputy Notice is hereby given, pursuant to
Assistant Secretary, U.S. Department of State, the provisions of the Government in the
asabaliauskas on DSK3SPTVN1PROD with NOTICES

Bureau of International Organization Affairs, on Sunshine Act, Public Law 94–409, that
I. Introduction behalf of the Secretary of State, April 1, 2016
(State’s Request). See also Letter from Acting the Securities and Exchange
On April 1, 2016, the Secretary of Chairman Robert G. Taub, on behalf of the Commission will hold a Closed Meeting
State requested the Commission’s views Commission, April 14, 2016. on Thursday, April 28, 2016 at 1:00 p.m.
on whether certain proposals for the 2 See Docket No. RM2015–14, Order No. 2960,
Commissioners, Counsel to the
26th Congress of the Universal Postal Order Adopting Final Rules on Procedures Related
to Commission Views, December 30, 2015. See also
Commissioners, the Secretary to the
Union are consistent with the standards 81 FR 869 (January 8, 2016). The rules in part 3017 Commission, and recording secretaries
and criteria for modern rate regulation took effect on February 8, 2016. will attend the Closed Meeting. Certain

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24148 Federal Register / Vol. 81, No. 79 / Monday, April 25, 2016 / Notices

staff members who have an interest in I. Self-Regulatory Organization’s leases and ‘‘A-B-C Agreements’’ relating
the matters also may be present. Statement of the Terms of Substance of to memberships and ‘‘ETP Use
The General Counsel of the the Proposed Rule Change Agreements.’’ 4 As a result of
Commission, or her designee, has The Exchange proposes to delete Rule demutualization, the Exchange moved
certified that, in her opinion, one or 971, entitled ‘‘Termination of from a seat-based model of membership,
more of the exemptions set forth in 5 Memberships and Equity Trading under which memberships were limited
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) Permits and Leases and A-B-C in number, to a model under which
and 17 CFR 200.402(a)(3), (5), (7), 9(ii) Agreements Relating to Memberships status as a member organization and
and (10), permit consideration of the and ETP Use Agreements,’’ to delete associated trading privileges were
scheduled matter at the Closed Meeting. Rule 972, entitled ‘‘Continuation of available to any broker-dealer qualified
Commissioner Piwowar, as duty Status After the NASDAQ OMX under the Exchange’s rules. To assist in
officer, voted to consider the items Merger,’’ and to make conforming the effectuation of this change, Rule 971
listed for the Closed Meeting in closed changes to other rules. The text of the made it clear that all rights existing
session. proposed rule change is available on the under the former model were being
The subject matter of the Closed Exchange’s Web site at http:// terminated. Since the rule fully
Meeting will be: www.nasdaqtrader.com/ achieved its purpose at the time of
micro.aspx?id=PHLXRulefilings, at the demutualization 2004, the Exchange
Institution and settlement of injunctive believes that maintaining the rule in the
actions; principal office of the Exchange, and at
the Commission’s Public Reference Exchange’s rulebook is no longer
Institution and settlement of necessary.
administrative proceedings; and Room.
Rule 972 pertains to the merger in
Other matters relating to enforcement II. Self-Regulatory Organization’s 2008 through which The NASDAQ
proceedings. Statement of the Purpose of, and OMX Group, Inc. (since, renamed
At times, changes in Commission Statutory Basis for, the Proposed Rule Nasdaq, Inc.) acquired ownership of the
priorities require alterations in the Change Exchange. The rule provides that the
scheduling of meeting items. In its filing with the Commission, the status of members, inactive nominees,
For further information and to Exchange included statements and member organizations under
ascertain what, if any, matters have been concerning the purpose of and basis for Exchange rules would not be affected by
added, deleted or postponed, please the proposed rule change and discussed the acquisition, and that likewise any
contact the Office of the Secretary at any comments it received on the existing suspension would not be
(202) 551–5400. proposed rule change. The text of these affected. Since the rule fully achieved
statements may be examined at the its purpose at the time of the acquisition
Dated: April 21, 2016. of the Exchange in 2008, the Exchange
places specified in Item IV below. The
Brent J. Fields, believes that maintaining the rule in the
Exchange has prepared summaries, set
Secretary. forth in sections A, B, and C below, of Exchange’s rulebook is no longer
[FR Doc. 2016–09714 Filed 4–21–16; 4:15 pm] the most significant aspects of such necessary.
BILLING CODE 8011–01–P statements. The Exchange is also amending Rules
908 (‘‘Rights and Privileges of A–1
A. Self-Regulatory Organization’s Permits’’) and 3202 (‘‘Application of
SECURITIES AND EXCHANGE Statement of the Purpose of, and Other Rules of the Exchange’’) to
COMMISSION Statutory Basis for, the Proposed Rule remove references to Rule 972, and
Change amending Rule 900 (‘‘Administration of
[Release No. 34–77650; File No. SR–Phlx– 1. Purpose Rules by Membership Department’’) to
2016–49] remove references to Rules 971 and 972.
The Exchange proposes to delete
certain Phlx rules in order to remove 2. Statutory Basis
Self-Regulatory Organizations;
NASDAQ PHLX LLC; Notice of Filing outdated material from the Exchange’s The Exchange believes that its
and Immediate Effectiveness of Rulebook. Specifically, the Exchange proposal is consistent with Section 6(b)
Proposed Rule Change To Delete proposes to delete Rule 971, entitled of the Act,5 in general, and furthers the
Obsolete Rules ‘‘Termination of Memberships and objectives of Section 6(b)(5) of the Act,6
Equity Trading Permits and Leases and in particular, in that it is designed to
April 19, 2016. A-B-C Agreements Relating to prevent fraudulent and manipulative
Pursuant to Section 19(b)(1) of the Memberships and ETP Use acts and practices, to promote just and
Securities Exchange Act of 1934 Agreements’’; and Rule 972, entitled equitable principles of trade, to foster
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 ‘‘Continuation of Status After the cooperation and coordination with
notice is hereby given that on April 8, NASDAQ OMX Merger.’’ The Exchange persons engaged in facilitating
2016, NASDAQ PHLX LLC (‘‘Phlx’’ or also proposes to make conforming transactions in securities, to remove
‘‘Exchange’’) filed with the Securities changes to rules that reference the rules impediments to and perfect the
and Exchange Commission (‘‘SEC’’ or that are being deleted.
‘‘Commission’’) the proposed rule Rule 971 pertained to the 4 Leases reflected the ownership interest of a

change as described in Items I, II, and demutualization of the Exchange in member in the exchange prior to demutualization.
asabaliauskas on DSK3SPTVN1PROD with NOTICES

III, below, which Items have been 2004. As provided in the rule, A-B-C Agreements allowed a member of the
demutualization resulted in the exchange, a natural person associated with the
prepared by the Exchange. The broker-dealer, to contribute the use of the
Commission is publishing this notice to termination of memberships and equity membership to the broker-dealer with which he or
solicit comments on the proposed rule trading permits (‘‘ETP’’),3 as well as she was associated. Similarly, ETP Use Agreements
allowed an individual ETP holder to contribute its
change from interested persons. 3 ETPs were rights created by the rules of the use to the broker-dealer with which he or she was
Exchange that provided the ability to transact cash associated.
1 15 U.S.C. 78s(b)(1). 5 15 U.S.C. 78f(b).
equities through the exchange but without having
2 17 CFR 240.19b–4. the ownership rights associated with membership. 6 15 U.S.C. 78f(b)(5).

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Document Created: 2016-04-23 01:38:50
Document Modified: 2016-04-23 01:38:50

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		81 FR 24147