81_FR_43818 81 FR 43690 - Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Implementation of FINRA Rule 4240 (Margin Requirements for Credit Default Swaps)

81 FR 43690 - Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Implementation of FINRA Rule 4240 (Margin Requirements for Credit Default Swaps)

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 128 (July 5, 2016)

Page Range43690-43691
FR Document2016-15758

Federal Register, Volume 81 Issue 128 (Tuesday, July 5, 2016) 
[Federal Register Volume 81, Number 128 (Tuesday, July 5, 2016)]
[Notices]
[Pages 43690-43691]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-15758]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78182; File No. SR-FINRA-2016-020]


Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Filing and Immediate Effectiveness of a 
Proposed Rule Change To Extend the Implementation of FINRA Rule 4240 
(Margin Requirements for Credit Default Swaps)

June 28, 2016.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that 
on June 15, 2016, Financial Industry Regulatory Authority, Inc. 
(``FINRA'') filed with the Securities and Exchange Commission (``SEC'' 
or ``Commission'') the proposed rule change as described in Items I, 
II, and III below, which Items have been prepared by FINRA. FINRA has 
designated the proposed rule change as constituting a ``non-
controversial'' rule change under paragraph (f)(6) of Rule 19b-4 under 
the Act,\3\ which renders the proposal effective upon receipt of this 
filing by the Commission. The Commission is publishing this notice to 
solicit comments on the proposed rule change from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 17 CFR 240.19b-4(f)(6).
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    FINRA is proposing to extend to July 18, 2017 the implementation of 
FINRA Rule 4240. FINRA Rule 4240 implements an interim pilot program 
with respect to margin requirements for certain transactions in credit 
default swaps that are security-based swaps.
    The text of the proposed rule change is available on FINRA's Web 
site at http://www.finra.org, at the principal office of FINRA and at 
the Commission's Public Reference Room.

II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, FINRA included statements 
concerning the purpose of and basis for the proposed rule change and 
discussed any comments it received on the proposed rule change. The 
text of these statements may be examined at the places specified in 
Item IV below. FINRA has prepared summaries, set forth in sections A, 
B, and C below, of the most significant aspects of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    On May 22, 2009, the Commission approved FINRA Rule 4240,\4\ which 
implements an interim pilot program (the ``Interim Pilot Program'') 
with respect to margin requirements for certain transactions in credit 
default swaps (``CDS'').\5\ On May 20, 2015, FINRA filed a proposed 
rule change for immediate effectiveness extending the implementation of 
FINRA Rule 4240 to July 18, 2016.\6\
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    \4\ See Securities Exchange Act Release No. 59955 (May 22, 
2009), 74 FR 25586 (May 28, 2009) (Order Approving File No. SR-
FINRA-2009-012) (``Approval Order'').
    \5\ In March 2012, the SEC approved amendments to FINRA Rule 
4240 that, among other things, limit at this time the rule's 
application to credit default swaps that are security-based swaps. 
See Securities Exchange Act Release No. 66527 (March 7, 2012), 77 FR 
14850 (March 13, 2012) (Order Approving File No. SR-FINRA-2012-015).
    \6\ See Securities Exchange Act Release No. 75069 (May 29, 
2015), 80 FR 31931 (June 4, 2015) (Notice of Filing and Immediate 
Effectiveness of File No. SR-FINRA-2015-013).
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    As explained in the Approval Order, FINRA Rule 4240, coterminous 
with certain Commission actions, was intended to address concerns 
arising from systemic risk posed by CDS, including, among other things, 
risks to the financial system arising from the lack of a central 
clearing counterparty to clear and settle CDS.\7\ On July 21, 2010, 
President Obama signed into law the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (the ``Dodd-Frank Act''),\8\ Title VII of which 
established a comprehensive new regulatory framework for swaps and 
security-based swaps,\9\ including certain CDS. The new legislation was 
intended, among other things, to enhance the authority of regulators to 
implement new rules designed to reduce risk, increase transparency, and 
promote market integrity with respect to such products.
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    \7\ See Approval Order, 74 FR at 25588-89.
    \8\ See Dodd-Frank Wall Street Reform and Consumer Protection 
Act, Pub. L. 111-203, 124 Stat. 1376 (2010).
    \9\ The terms ``swap'' and ``security-based swap'' are defined 
in Sections 721 and 761 of the Dodd-Frank Act. The Commodity Futures 
Trading Commission (``CFTC'') and the Commission jointly have 
approved rules to further define these terms. See Securities 
Exchange Act Release No. 67453 (July 18, 2012), 77 FR 48208 (August 
13, 2012) (Joint Final Rule; Interpretations; Request for Comment on 
an Interpretation: Further Definition of ``Swap,'' ``Security-Based 
Swap,'' and ``Security-Based Swap Agreement''; Mixed Swaps; 
Security-Based Swap Agreement Recordkeeping). See also Securities 
Exchange Act Release No. 66868 (April 27, 2012), 77 FR 30596 (May 
23, 2012) (Joint Final Rule; Joint Interim Final Rule; 
Interpretations: Further Definition of ``Swap Dealer,'' ``Security-
Based Swap Dealer,'' ``Major Swap Participant,'' ``Major Security-
Based Swap Participant'' and ``Eligible Contract Participant'').
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    Pursuant to Title VII of the Dodd-Frank Act, the CFTC and the 
Commission are engaged in ongoing rulemaking with respect to swaps and 
security-based swaps.\10\ The Commission has, among other things, 
proposed rules with respect to capital, margin and segregation 
requirements for security-based swap dealers and major security-based 
swap participants and capital requirements for broker-dealers.\11\ 
FINRA believes it is appropriate to extend the Interim Pilot Program 
for a limited period, to July 18, 2017, in light of the continuing

[[Page 43691]]

development of the CDS business within the framework of the Dodd-Frank 
Act and pending the final implementation of new CFTC and SEC rules 
pursuant to Title VII of that legislation. FINRA is considering 
proposing additional amendments to the Interim Pilot Program.
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    \10\ See, e.g., Securities Exchange Act Release No. 67177 (June 
11, 2012), 77 FR 35625 (June 14, 2012) (Notice of Statement of 
General Policy with Request for Public Comment: Statement of General 
Policy on the Sequencing of the Compliance Dates for Final Rules 
Applicable to Security-Based Swaps Adopted Pursuant to the 
Securities Exchange Act of 1934 and the Dodd-Frank Wall Street 
Reform and Consumer Protection Act).
    \11\ See Securities Exchange Act Release No. 68071 (October 18, 
2012), 77 FR 70214 (November 23, 2012) (Proposed Rule: Capital, 
Margin, and Segregation Requirements for Security-Based Swap Dealers 
and Major Security-Based Swap Participants and Capital Requirements 
for Broker-Dealers). See also Securities Exchange Act Release No. 
71958 (April 17, 2014), 79 FR 25194 (May 2, 2014) (Proposed Rule: 
Recordkeeping and Reporting Requirements for Security-Based Swap 
Dealers, Major Security-Based Swap Participants, and Broker-Dealers; 
Capital Rule for Certain Security-Based Swap Dealers).
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    FINRA has filed the proposed rule change for immediate 
effectiveness. FINRA is proposing that the implementation date of the 
proposed rule change will be July 18, 2016. The proposed rule change 
will expire on July 18, 2017.
2. Statutory Basis
    FINRA believes that the proposed rule change is consistent with the 
provisions of Section 15A(b)(6) of the Act,\12\ which requires, among 
other things, that FINRA rules must be designed to prevent fraudulent 
and manipulative acts and practices, to promote just and equitable 
principles of trade, and, in general, to protect investors and the 
public interest. FINRA believes that the proposed rule change is 
consistent with the Act because, in light of the continuing development 
of the CDS business within the framework of the Dodd-Frank Act and 
pending the final implementation of new CFTC and SEC rules pursuant to 
Title VII of that legislation, extending the implementation of the 
margin requirements as set forth by FINRA Rule 4240 will help to 
stabilize the financial markets.
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    \12\ 15 U.S.C. 78o-3(b)(6).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    FINRA does not believe that the proposed rule change will result in 
any burden on competition that is not necessary or appropriate in 
furtherance of the purposes of the Act. FINRA believes that extending 
the implementation of FINRA Rule 4240 for a limited period, to July 18, 
2017, in light of the continuing development of the CDS business within 
the framework of the Dodd-Frank Act and pending the final 
implementation of new CFTC and SEC rules pursuant to Title VII of that 
legislation, helps to promote stability in the financial markets and 
regulatory certainty for members.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    Written comments were neither solicited nor received.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Because the foregoing proposed rule change does not: (i) 
Significantly affect the protection of investors or the public 
interest; (ii) impose any significant burden on competition; and (iii) 
become operative for 30 days from the date on which it was filed, or 
such shorter time as the Commission may designate, it has become 
effective pursuant to Section 19(b)(3)(A) of the Act \13\ and Rule 19b-
4(f)(6) thereunder.\14\
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    \13\ 15 U.S.C. 78s(b)(3)(A).
    \14\ 17 CFR 240.19b-4(f)(6).
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    At any time within 60 days of the filing of the proposed rule 
change, the Commission summarily may temporarily suspend such rule 
change if it appears to the Commission that such action is necessary or 
appropriate in the public interest, for the protection of investors, or 
otherwise in furtherance of the purposes of the Act. If the Commission 
takes such action, the Commission shall institute proceedings to 
determine whether the proposed rule should be approved or disapproved.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views and 
arguments concerning the foregoing, including whether the proposed rule 
change is consistent with the Act. Comments may be submitted by any of 
the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include 
File Number SR-FINRA-2016-020 on the subject line.

Paper Comments

     Send paper comments in triplicate to Robert W. Errett, 
Deputy Secretary, Securities and Exchange Commission, 100 F Street NE., 
Washington, DC 20549-1090.

All submissions should refer to File Number SR-FINRA-2016-020. This 
file number should be included on the subject line if email is used. To 
help the Commission process and review your comments more efficiently, 
please use only one method. The Commission will post all comments on 
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all 
written statements with respect to the proposed rule change that are 
filed with the Commission, and all written communications relating to 
the proposed rule change between the Commission and any person, other 
than those that may be withheld from the public in accordance with the 
provisions of 5 U.S.C. 552, will be available for Web site viewing and 
printing in the Commission's Public Reference Room, 100 F Street NE., 
Washington, DC 20549, on official business days between the hours of 10 
a.m. and 3 p.m. Copies of such filing also will be available for 
inspection and copying at the principal office of FINRA. All comments 
received will be posted without change; the Commission does not edit 
personal identifying information from submissions. You should submit 
only information that you wish to make available publicly. All 
submissions should refer to File Number SR-FINRA-2016-020 and should be 
submitted on or before July 26, 2016.
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    \15\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\15\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-15758 Filed 7-1-16; 8:45 am]
 BILLING CODE 8011-01-P

43690 Federal Register / Vol. 81, No. 128 / Tuesday, July 5, 2016 / Notices of Regulation NMS, the Exchange is I. Self-Regulatory Organization’s lack of a central clearing counterparty to granted a limited exemption from Rule Statement of the Terms of Substance of clear and settle CDS.7 On July 21, 2010, 612(c) of Regulation NMS that allows it the Proposed Rule Change President Obama signed into law the to accept and rank orders priced equal FINRA is proposing to extend to July Dodd-Frank Wall Street Reform and to or greater than $1.00 per share in 18, 2017 the implementation of FINRA Consumer Protection Act (the ‘‘Dodd- increments of $0.001, in connection Rule 4240. FINRA Rule 4240 Frank Act’’),8 Title VII of which with the operation of its RPI Program. implements an interim pilot program established a comprehensive new The limited and temporary exemption with respect to margin requirements for regulatory framework for swaps and extended by this Order is subject to certain transactions in credit default security-based swaps,9 including certain modification or revocation if at any time swaps that are security-based swaps. CDS. The new legislation was intended, the Commission determines that such The text of the proposed rule change among other things, to enhance the action is necessary or appropriate in is available on FINRA’s Web site at authority of regulators to implement furtherance of the purposes of the http://www.finra.org, at the principal new rules designed to reduce risk, Securities Exchange Act of 1934. office of FINRA and at the increase transparency, and promote Responsibility for compliance with any Commission’s Public Reference Room. market integrity with respect to such applicable provisions of the federal products. securities laws must rest with the II. Self-Regulatory Organization’s Pursuant to Title VII of the Dodd- persons relying on the exemptions that Statement of the Purpose of, and Frank Act, the CFTC and the are the subject of this Order. Statutory Basis for, the Proposed Rule Commission are engaged in ongoing Change rulemaking with respect to swaps and For the Commission, by the Division of In its filing with the Commission, security-based swaps.10 The Trading and Markets, pursuant to delegated authority.7 FINRA included statements concerning Commission has, among other things, the purpose of and basis for the proposed rules with respect to capital, Robert W. Errett, proposed rule change and discussed any margin and segregation requirements for Deputy Secretary. security-based swap dealers and major comments it received on the proposed [FR Doc. 2016–15756 Filed 7–1–16; 8:45 am] security-based swap participants and rule change. The text of these statements BILLING CODE 8011–01–P may be examined at the places specified capital requirements for broker- in Item IV below. FINRA has prepared dealers.11 FINRA believes it is summaries, set forth in sections A, B, appropriate to extend the Interim Pilot SECURITIES AND EXCHANGE Program for a limited period, to July 18, and C below, of the most significant COMMISSION 2017, in light of the continuing aspects of such statements. [Release No. 34–78182; File No. SR–FINRA– A. Self-Regulatory Organization’s 7 See Approval Order, 74 FR at 25588–89. 2016–020] Statement of the Purpose of, and 8 See Dodd-Frank Wall Street Reform and Statutory Basis for, the Proposed Rule Consumer Protection Act, Pub. L. 111–203, 124 Self-Regulatory Organizations; Change Stat. 1376 (2010). Financial Industry Regulatory 9 The terms ‘‘swap’’ and ‘‘security-based swap’’ Authority, Inc.; Notice of Filing and 1. Purpose are defined in Sections 721 and 761 of the Dodd- Immediate Effectiveness of a Proposed On May 22, 2009, the Commission Frank Act. The Commodity Futures Trading Rule Change To Extend the Commission (‘‘CFTC’’) and the Commission jointly approved FINRA Rule 4240,4 which have approved rules to further define these terms. Implementation of FINRA Rule 4240 implements an interim pilot program See Securities Exchange Act Release No. 67453 (Margin Requirements for Credit (the ‘‘Interim Pilot Program’’) with (July 18, 2012), 77 FR 48208 (August 13, 2012) Default Swaps) respect to margin requirements for (Joint Final Rule; Interpretations; Request for Comment on an Interpretation: Further Definition of June 28, 2016. certain transactions in credit default ‘‘Swap,’’ ‘‘Security-Based Swap,’’ and ‘‘Security- Pursuant to Section 19(b)(1) of the swaps (‘‘CDS’’).5 On May 20, 2015, Based Swap Agreement’’; Mixed Swaps; Security- FINRA filed a proposed rule change for Based Swap Agreement Recordkeeping). See also Securities Exchange Act of 1934 Securities Exchange Act Release No. 66868 (April (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 immediate effectiveness extending the 27, 2012), 77 FR 30596 (May 23, 2012) (Joint Final notice is hereby given that on June 15, implementation of FINRA Rule 4240 to Rule; Joint Interim Final Rule; Interpretations: July 18, 2016.6 Further Definition of ‘‘Swap Dealer,’’ ‘‘Security- 2016, Financial Industry Regulatory As explained in the Approval Order, Based Swap Dealer,’’ ‘‘Major Swap Participant,’’ Authority, Inc. (‘‘FINRA’’) filed with the ‘‘Major Security-Based Swap Participant’’ and FINRA Rule 4240, coterminous with Securities and Exchange Commission ‘‘Eligible Contract Participant’’). certain Commission actions, was (‘‘SEC’’ or ‘‘Commission’’) the proposed 10 See, e.g., Securities Exchange Act Release No. intended to address concerns arising 67177 (June 11, 2012), 77 FR 35625 (June 14, 2012) rule change as described in Items I, II, from systemic risk posed by CDS, (Notice of Statement of General Policy with Request and III below, which Items have been for Public Comment: Statement of General Policy on including, among other things, risks to prepared by FINRA. FINRA has the Sequencing of the Compliance Dates for Final the financial system arising from the designated the proposed rule change as Rules Applicable to Security-Based Swaps Adopted constituting a ‘‘non-controversial’’ rule Pursuant to the Securities Exchange Act of 1934 4 See Securities Exchange Act Release No. 59955 and the Dodd-Frank Wall Street Reform and change under paragraph (f)(6) of Rule (May 22, 2009), 74 FR 25586 (May 28, 2009) (Order Consumer Protection Act). 19b–4 under the Act,3 which renders Approving File No. SR–FINRA–2009–012) 11 See Securities Exchange Act Release No. 68071 the proposal effective upon receipt of (‘‘Approval Order’’). (October 18, 2012), 77 FR 70214 (November 23, 5 In March 2012, the SEC approved amendments this filing by the Commission. The 2012) (Proposed Rule: Capital, Margin, and to FINRA Rule 4240 that, among other things, limit Segregation Requirements for Security-Based Swap sradovich on DSK3GDR082PROD with NOTICES Commission is publishing this notice to at this time the rule’s application to credit default Dealers and Major Security-Based Swap solicit comments on the proposed rule swaps that are security-based swaps. See Securities Participants and Capital Requirements for Broker- change from interested persons. Exchange Act Release No. 66527 (March 7, 2012), Dealers). See also Securities Exchange Act Release 77 FR 14850 (March 13, 2012) (Order Approving No. 71958 (April 17, 2014), 79 FR 25194 (May 2, File No. SR–FINRA–2012–015). 2014) (Proposed Rule: Recordkeeping and Reporting 7 17 CFR 200.30–3(a)(83). 6 See Securities Exchange Act Release No. 75069 Requirements for Security-Based Swap Dealers, 1 15 U.S.C. 78s(b)(1). (May 29, 2015), 80 FR 31931 (June 4, 2015) (Notice Major Security-Based Swap Participants, and 2 17 CFR 240.19b–4. of Filing and Immediate Effectiveness of File No. Broker-Dealers; Capital Rule for Certain Security- 3 17 CFR 240.19b–4(f)(6). SR–FINRA–2015–013). Based Swap Dealers). VerDate Sep<11>2014 17:27 Jul 01, 2016 Jkt 238001 PO 00000 Frm 00121 Fmt 4703 Sfmt 4703 E:\FR\FM\05JYN1.SGM 05JYN1

Federal Register / Vol. 81, No. 128 / Tuesday, July 5, 2016 / Notices 43691 development of the CDS business III. Date of Effectiveness of the communications relating to the within the framework of the Dodd-Frank Proposed Rule Change and Timing for proposed rule change between the Act and pending the final Commission Action Commission and any person, other than implementation of new CFTC and SEC Because the foregoing proposed rule those that may be withheld from the rules pursuant to Title VII of that change does not: (i) Significantly affect public in accordance with the legislation. FINRA is considering the protection of investors or the public provisions of 5 U.S.C. 552, will be proposing additional amendments to the interest; (ii) impose any significant available for Web site viewing and Interim Pilot Program. burden on competition; and (iii) become printing in the Commission’s Public FINRA has filed the proposed rule operative for 30 days from the date on Reference Room, 100 F Street NE., change for immediate effectiveness. which it was filed, or such shorter time Washington, DC 20549, on official FINRA is proposing that the as the Commission may designate, it has business days between the hours of 10 implementation date of the proposed become effective pursuant to Section a.m. and 3 p.m. Copies of such filing rule change will be July 18, 2016. The 19(b)(3)(A) of the Act 13 and Rule 19b– also will be available for inspection and 4(f)(6) thereunder.14 copying at the principal office of proposed rule change will expire on At any time within 60 days of the FINRA. All comments received will be July 18, 2017. filing of the proposed rule change, the posted without change; the Commission 2. Statutory Basis Commission summarily may does not edit personal identifying temporarily suspend such rule change if information from submissions. You FINRA believes that the proposed rule should submit only information that it appears to the Commission that such change is consistent with the provisions you wish to make available publicly. All action is necessary or appropriate in the of Section 15A(b)(6) of the Act,12 which submissions should refer to File public interest, for the protection of requires, among other things, that Number SR–FINRA–2016–020 and investors, or otherwise in furtherance of FINRA rules must be designed to should be submitted on or before July the purposes of the Act. If the prevent fraudulent and manipulative 26, 2016. Commission takes such action, the acts and practices, to promote just and Commission shall institute proceedings For the Commission, by the Division of equitable principles of trade, and, in to determine whether the proposed rule Trading and Markets, pursuant to delegated general, to protect investors and the should be approved or disapproved. authority.15 public interest. FINRA believes that the Robert W. Errett, proposed rule change is consistent with IV. Solicitation of Comments Deputy Secretary. the Act because, in light of the Interested persons are invited to [FR Doc. 2016–15758 Filed 7–1–16; 8:45 am] continuing development of the CDS submit written data, views and BILLING CODE 8011–01–P business within the framework of the arguments concerning the foregoing, Dodd-Frank Act and pending the final including whether the proposed rule implementation of new CFTC and SEC change is consistent with the Act. rules pursuant to Title VII of that SOCIAL SECURITY ADMINISTRATION Comments may be submitted by any of legislation, extending the the following methods: [Docket No: SSA–2016–0030] implementation of the margin requirements as set forth by FINRA Rule Electronic Comments Agency Information Collection 4240 will help to stabilize the financial • Use the Commission’s Internet Activities: Proposed Request and markets. comment form (http://www.sec.gov/ Comment Request rules/sro.shtml); or B. Self-Regulatory Organization’s • Send an email to rule-comments@ The Social Security Administration Statement on Burden on Competition sec.gov. Please include File Number SR– (SSA) publishes a list of information FINRA–2016–020 on the subject line. collection packages requiring clearance FINRA does not believe that the by the Office of Management and proposed rule change will result in any Paper Comments Budget (OMB) in compliance with burden on competition that is not • Send paper comments in triplicate Public Law 104–13, the Paperwork necessary or appropriate in furtherance to Robert W. Errett, Deputy Secretary, Reduction Act of 1995, effective October of the purposes of the Act. FINRA Securities and Exchange Commission, 1, 1995. This notice includes revisions believes that extending the 100 F Street NE., Washington, DC of OMB-approved information implementation of FINRA Rule 4240 for 20549–1090. collections and one new collection. a limited period, to July 18, 2017, in SSA is soliciting comments on the All submissions should refer to File light of the continuing development of accuracy of the agency’s burden Number SR–FINRA–2016–020. This file the CDS business within the framework estimate; the need for the information; number should be included on the of the Dodd-Frank Act and pending the its practical utility; ways to enhance its subject line if email is used. To help the final implementation of new CFTC and quality, utility, and clarity; and ways to Commission process and review your SEC rules pursuant to Title VII of that minimize burden on respondents, comments more efficiently, please use legislation, helps to promote stability in including the use of automated only one method. The Commission will the financial markets and regulatory collection techniques or other forms of post all comments on the Commission’s certainty for members. information technology. Mail, email, or Internet Web site (http://www.sec.gov/ C. Self-Regulatory Organization’s rules/sro.shtml). Copies of the fax your comments and recommendations on the information sradovich on DSK3GDR082PROD with NOTICES Statement on Comments on the submission, all subsequent Proposed Rule Change Received From amendments, all written statements collection(s) to the OMB Desk Officer Members, Participants, or Others with respect to the proposed rule and SSA Reports Clearance Officer at change that are filed with the the following addresses or fax numbers. Written comments were neither Commission, and all written (OMB), Office of Management and solicited nor received. Budget, Attn: Desk Officer for SSA, 13 15 U.S.C. 78s(b)(3)(A). 12 15 U.S.C. 78o–3(b)(6). 14 17 CFR 240.19b–4(f)(6). 15 17 CFR 200.30–3(a)(12). 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Document Created: 2016-07-01 23:50:08
Document Modified: 2016-07-01 23:50:08
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation81 FR 43690 
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