81 FR 36634 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 109 (June 7, 2016)

Page Range		36634-36635
FR Document		2016-13321

Federal Register, Volume 81 Issue 109 (Tuesday, June 7, 2016)

[Federal Register Volume 81, Number 109 (Tuesday, June 7, 2016)]
[Notices]
[Pages 36634-36635]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-13321]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC 
20549-2736

Extension: Form S-1, SEC File No. 270-058, OMB Control No. 3235-0065

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
    Form S-1 (17 CFR 239.11) is used by domestic issuers who are not 
eligible to use other forms to register a public offering of their 
securities under the Securities Act of 1933 (15 U.S.C. 77a et seq.). 
The information collected is intended to ensure that the information 
required to be filed by the Commission permits verification of 
compliance with securities law requirements and assures the public 
availability of such information. Form S-1 takes approximately 667 
hours per response and is filed by approximately 901 respondents. We 
estimate that 25% of the 667 hours per response (166.75 hours) is 
prepared by the registrant for a total annual reporting burden of 
150,242 hours (166.75 hours per response x 901 responses).
    Written comments are invited on: (a) Whether this proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden imposed by the collection of information; (c) ways to 
enhance the quality, utility, and clarity of the information collected; 
and (d) ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.

[[Page 36635]]

    Please direct your written comment to Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send an email 
to: PRA_Mailbox@sec.gov.

    Dated: June 1, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-13321 Filed 6-6-16; 8:45 am]
 BILLING CODE 8011-01-P

36634 Federal Register / Vol. 81, No. 109 / Tuesday, June 7, 2016 / Notices

Paper Comments Notice is hereby given that, pursuant SECURITIES AND EXCHANGE
• Send paper comments in triplicate to the Paperwork Reduction Act of 1995 COMMISSION
to Secretary, Securities and Exchange (44 U.S.C. 3501 et seq.), the Securities
Commission, 100 F Street NE., and Exchange Commission Proposed Collection; Comment
Washington, DC 20549–1090. (‘‘Commission’’) is soliciting comments Request
All submissions should refer to File on the collection of information
Upon Written Request Copies Available
Number SR–BatsBZX–2016–20. This file summarized below. The Commission
From: Securities and Exchange
number should be included on the plans to submit this existing collection
Commission, Office of FOIA Services,
subject line if email is used. To help the of information to the Office of
100 F Street NE., Washington, DC
Commission process and review your Management and Budget for extension
20549–2736
comments more efficiently, please use and approval.
Extension: Form S–1, SEC File No. 270–058,
only one method. The Commission will Form F–1 (17 CFR 239.31) is used by OMB Control No. 3235–0065
post all comments on the Commission’s certain foreign private issuers to register
Internet Web site (http://www.sec.gov/ securities pursuant to the Securities Act Notice is hereby given that, pursuant
rules/sro.shtml). Copies of the of 1933 (15 U.S.C. 77a et seq.). The to the Paperwork Reduction Act of 1995
submission, all subsequent information collected is intended to (44 U.S.C. 3501 et seq.), the Securities
amendments, all written statements ensure that the information required to and Exchange Commission
with respect to the proposed rule be filed by the Commission permits (‘‘Commission’’) is soliciting comments
change that are filed with the verification of compliance with on the collection of information
Commission, and all written securities law requirements and assures summarized below. The Commission
communications relating to the the public availability of such plans to submit this existing collection
proposed rule change between the information. Form F–1 takes of information to the Office of
Commission and any person, other than approximately 1,709 hours per response Management and Budget for extension
those that may be withheld from the and is filed by approximately 63 and approval.
public in accordance with the respondents. We estimate that 25% of Form S–1 (17 CFR 239.11) is used by
provisions of 5 U.S.C. 552, will be the 1,709 hours per response (427.25 domestic issuers who are not eligible to
available for Web site viewing and hours) is prepared by the registrant for use other forms to register a public
printing in the Commission’s Public a total annual reporting burden of offering of their securities under the
Reference Room, 100 F Street NE., 26,917 hours (427.25 hours per response Securities Act of 1933 (15 U.S.C. 77a et
Washington, DC 20549 on official × 63 responses). seq.). The information collected is
business days between the hours of intended to ensure that the information
Written comments are invited on: (a)
10:00 a.m. and 3:00 p.m. Copies of such required to be filed by the Commission
Whether this proposed collection of
filing also will be available for permits verification of compliance with
information is necessary for the proper
inspection and copying at the principal securities law requirements and assures
performance of the functions of the
offices of the Exchange. All comments the public availability of such
agency, including whether the
received will be posted without change; information. Form S–1 takes
information will have practical utility;
the Commission does not edit personal approximately 667 hours per response
(b) the accuracy of the agency’s estimate
identifying information from and is filed by approximately 901
of the burden imposed by the collection
submissions. You should submit only respondents. We estimate that 25% of
of information; (c) ways to enhance the
information that you wish to make the 667 hours per response (166.75
quality, utility, and clarity of the
available publicly. All submissions hours) is prepared by the registrant for
information collected; and (d) ways to
should refer to File Number SR– a total annual reporting burden of
minimize the burden of the collection of
BatsBZX–2016–20, and should be 150,242 hours (166.75 hours per
information on respondents, including
submitted on or before June 28, 2016. response × 901 responses).
through the use of automated collection
Written comments are invited on: (a)
For the Commission, by the Division of techniques or other forms of information
Whether this proposed collection of
Trading and Markets, pursuant to delegated technology. Consideration will be given
authority.16 information is necessary for the proper
to comments and suggestions submitted
performance of the functions of the
Brent J. Fields, in writing within 60 days of this
agency, including whether the
Secretary. publication.
information will have practical utility;
[FR Doc. 2016–13314 Filed 6–6–16; 8:45 am] An agency may not conduct or (b) the accuracy of the agency’s estimate
BILLING CODE 8011–01–P sponsor, and a person is not required to of the burden imposed by the collection
respond to, a collection of information of information; (c) ways to enhance the
unless it displays a currently valid quality, utility, and clarity of the
SECURITIES AND EXCHANGE control number. information collected; and (d) ways to
COMMISSION minimize the burden of the collection of
Please direct your written comment to
Proposed Collection; Comment Pamela Dyson, Director/Chief information on respondents, including
Request Information Officer, Securities and through the use of automated collection
Exchange Commission, c/o Remi Pavlik- techniques or other forms of information
Upon Written Request Copies Available Simon, 100 F Street NE., Washington, technology. Consideration will be given
asabaliauskas on DSK3SPTVN1PROD with NOTICES

From: Securities and Exchange DC 20549 or send an email to: PRA_ to comments and suggestions submitted
Commission, Office of FOIA Services, Mailbox@sec.gov. in writing within 60 days of this
100 F Street NE., Washington, DC publication.
Dated: June 1, 2016.
20549–2736 An agency may not conduct or
Brent J. Fields, sponsor, and a person is not required to
Extension: Form F–1, SEC File No. 270–249,
OMB Control No. 3235–0258 Secretary. respond to, a collection of information
[FR Doc. 2016–13320 Filed 6–6–16; 8:45 am] unless it displays a currently valid
16 17 CFR 200.30–3(a)(12). BILLING CODE 8011–01–P control number.

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Federal Register / Vol. 81, No. 109 / Tuesday, June 7, 2016 / Notices 36635

Please direct your written comment to places specified in Item IV below. The 10% or greater than the current 20%.
Pamela Dyson, Director/Chief Exchange has prepared summaries, set Thus, under the proposed Rule, the
Information Officer, Securities and forth in sections A, B, and C below, of percentage size increase must be at least
Exchange Commission, c/o Remi Pavlik- the most significant aspects of such 10% before the System will update the
Simon, 100 F Street NE., Washington, statements. Exchange’s disseminated quotation at
DC 20549 or send an email to: PRA_ the same price, and the Exchange may
A. Self-Regulatory Organization’s
Mailbox@sec.gov. never establish a percentage size
Statement of the Purpose of, and
Dated: June 1, 2016. increase that is greater than 20%.
Statutory Basis for, the Proposed Rule The Exchange will continue to
Brent J. Fields, Change determine the level of the required
Secretary.
1. Purpose percentage size increase on a class-by-
[FR Doc. 2016–13321 Filed 6–6–16; 8:45 am] class basis and announce this to the
BILLING CODE 8011–01–P
The Exchange proposes to amend
Exchange Rule 506, Collection and Membership through a Regulatory
Dissemination of Quotations, to state Circular. As stated in the current Rule,
that the Exchange shall disseminate an the percentage size increase shall never
SECURITIES AND EXCHANGE exceed 20%, meaning that in all cases
COMMISSION updated bid and offer price, together
with the size associated with such bid where the Exchange’s disseminated size
[Release No. 34–77957; File No. SR–MIAX– and offer, when the size associated with at the same price increases by 20% or
2016–12]
the Exchange’s bid (offer) increases by more, the System will update the
an amount greater than or equal to a Exchange’s disseminated bid and offer.
Self-Regulatory Organizations; Miami The purpose of the proposed rule
International Securities Exchange LLC; designated percentage of the previously
change is to mitigate quote traffic by
Notice of Filing and Immediate disseminated bid (offer) size (the
establishing a minimum percentage size
Effectiveness of a Proposed Rule ‘‘percentage size increase’’).
Current Rule 506(b) states that the increase at the same price which must
Change To Amend Exchange Rule 506 be met before the System will
Exchange shall disseminate an updated
June 1, 2016. bid and offer price, together with the disseminate an updated bid and offer. In
Pursuant to section 19(b)(1) of the size associated with such bid and offer order for the System to update the size
Securities Exchange Act of 1934 when: (i) The Exchange’s disseminated of the disseminated bid and offer at the
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 bid or offer price increases or decreases; previously disseminated price, the size
notice is hereby given that on May 24, (ii) the size associated with the of the bid or offer must increase by at
2016, Miami International Securities Exchange’s disseminated bid or offer least 10%, or no update will occur.
The Exchange currently lists 318,280
Exchange LLC (‘‘MIAX’’ or ‘‘Exchange’’) decreases; or (iii) the size associated
option series overlying 2,390 underlying
filed with the Securities and Exchange with the Exchange’s bid (offer) increases
securities 6 for which it must publish
Commission (‘‘Commission’’) a by an amount greater than or equal to
the highest bid, lowest offer, and the
proposed rule change as described in a percentage of the size associated with
aggregate quotation size available for
Items I, II, and III below, which Items the previously disseminated bid (offer).
each, under Rule 602 of Regulation
have been prepared by the Exchange. Such percentage, which shall never
NMS.7 Given the number of series and
The Commission is publishing this exceed 20%, shall be determined on a
the number of quote updates submitted
notice to solicit comments on the class-by-class basis by the Exchange and
by Members on a continual basis
proposed rule change from interested announced to the Membership through
throughout the trading day, the
persons. a Regulatory Circular.3
Current Rule 506(b)(1)(iii) does not Exchange believes there is a benefit in
I. Self-Regulatory Organization’s establishing a minimum percentage size
include a minimum percentage size
Statement of the Terms of Substance of increase at the same price that must be
increase that must be equaled or
the Proposed Rule Change met before the Exchange will
exceeded before the Exchange’s
The Exchange is filing a proposal to System 4 will update the Exchange’s disseminate an updated quotation. The
amend Exchange Rule 506, Collection disseminated bid and offer when the bid minimum percentage size will ensure
and Dissemination of Quotations. or offer price remains the same.5 The that only quotations at the same price
The text of the proposed rule change Exchange is proposing to add a with a meaningful percentage size
is available on the Exchange’s Web site minimum percentage size increase to increase are disseminated by the
at http://www.miaxoptions.com/filter/ Rule 506(b)(1)(iii) that must be met in System.
wotitle/rule_filing, at MIAX’s principal The Exchange believes that the
order for the System to update the
office, and at the Commission’s Public proposed minimum percentage size
Exchange’s disseminated quotation.
Reference Room. increase required for the System to
Specifically, the Rule would state that
update the Exchange’s disseminated bid
II. Self-Regulatory Organization’s such percentage shall never be less than
and offer at the previously disseminated
Statement of the Purpose of, and price will reduce the dissemination of
3 See Exchange Rule 506(b)(1).
Statutory Basis for, the Proposed Rule quotations that do not represent a
4 The term ‘‘System’’ means the automated
Change material change in size from the
trading system used by the Exchange for the trading
In its filing with the Commission, the of securities. See Exchange Rule 100. previously disseminated quotation, thus
asabaliauskas on DSK3SPTVN1PROD with NOTICES

5 The System automatically disseminates an
Exchange included statements making the System and the marketplace
updated bid and offer price, together with the size
concerning the purpose of and basis for associated with such bid and offer each time the
as a whole more efficient. Further, the
the proposed rule change and discussed Exchange’s disseminated bid or offer price increases Exchange believes the proposed rule
any comments it received on the or decreases, and when the size associated with the change will alleviate the potential
proposed rule change. The text of these Exchange’s disseminated bid or offer decreases. See burden on quotation vendors in
Exchange Rules 506(b)(1)(i) and (ii). The instant
statements may be examined at the proposed rule change addresses only the
handling excessive quote updates that
circumstance where the Exchange’s disseminated
1 15 U.S.C. 78s(b)(1). 6 Data as of May 2, 2016.
size increases at the same price as the prior
2 17 CFR 240.19b–4. disseminated price. 7 17 CFR 242.602.

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Document Created: 2018-02-08 07:31:27
Document Modified: 2018-02-08 07:31:27

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 36634