81 FR 51954 - Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Options Regulatory Fee
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 151 (August 5, 2016)
Federal Register Volume 81, Issue 151 (August 5, 2016)
| Page Range | 51954-51957 | |
| FR Document | 2016-18571 |
[Federal Register Volume 81, Number 151 (Friday, August 5, 2016)] [Notices] [Pages 51954-51957] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-18571] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-78453; File No. SR-BatsBZX-2016-42] Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Options Regulatory Fee August 1, 2016. Pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on July 20, 2016, Bats BZX Exchange, Inc. (the ``Exchange'' or ``BZX'') filed with the Securities and Exchange Commission (the ``Commission'') the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. The Exchange has designated the proposed rule change as one establishing or changing a member due, fee, or other charge imposed by the Exchange under section 19(b)(3)(A)(ii) of the Act \3\ and Rule 19b-4(f)(2) thereunder,\4\ which renders the proposed rule change effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ 15 U.S.C. 78s(b)(3)(A)(ii). \4\ 17 CFR 240.19b-4(f)(2). --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange filed a proposal to amend the fee schedule applicable to Members \5\ and non-members of the Exchange pursuant to BZX Rules 15.1(a) and (c). --------------------------------------------------------------------------- \5\ The term ``Member'' is defined as ``any registered broker or dealer that has been admitted to membership in the Exchange.'' See Exchange Rule 1.5(n). --------------------------------------------------------------------------- The text of the proposed rule change is available at the Exchange's Web site at www.batstrading.com, at the principal office of the Exchange, 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, the Exchange 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. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant parts of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to modify the fee schedule applicable to the Exchange's options platform (``BZX Options'') to amend the rate of its ORF as well as to expand its application to non-Members. Currently, the Exchange [[Page 51955]] charges an ORF in the amount of $0.0010 per contract side. The Exchange proposes to decrease the amount of ORF to $0.0008 per contract side. Currently, the per-contract ORF is assessed by the Exchange to each Member for all options transactions executed and cleared, or simply cleared, by the Member, that are cleared by OCC in the ``customer'' range, regardless of the exchange on which the transaction occurs. The ORF is collected indirectly from Members through their clearing firms by OCC on behalf of the Exchange. The ORF is also charged for transactions that are not executed by a Member but are ultimately cleared by a Member. Thus, in the case where a non-Member executes a transaction and a Member clears the transaction, the ORF is assessed to the Member who clears the transaction. Similarly, in the case where a Member executes a transaction and another Member clears the transaction, the ORF is assessed to the Member who clears the transaction. The Exchange now proposes to expand the application of ORF to options transactions executed or cleared by non-Members in the ``customer'' range. As proposed, the ORF will be assessed by BZX Options to each Member and non-Member for all options transactions cleared by OCC in the ``customer'' range, regardless of the exchange on which the transaction occurs. Like for Members, the ORF will be collected indirectly from non-Members through their clearing firms by OCC on behalf of BZX Options. The Exchange believes it is appropriate to charge the ORF to transactions by non-Members that clear as customer at the OCC, irrespective of where the transactions takes place. Many of the Exchange's surveillance programs for customer trading activity require the Exchange to look at activity across all options markets, such as surveillances for position limit violations, manipulation, insider trading, front-running and contrary exercise advice violations/expiring exercise declarations. Accordingly, there is a strong nexus between the ORF and the Exchange's regulatory activities with respect to its Members', as well as non-Members', customer trading activity. These activities span across multiple exchanges. In addition to its own surveillance programs, the Exchange works with other SROs and exchanges on intermarket surveillance related issues. Through its participation in the Intermarket Surveillance Group (``ISG''),\6\ the Exchange shares information and coordinates inquiries and investigations with other exchanges designed to address potential intermarket manipulation and trading abuses. Also, the Exchange and the other options exchanges are required to populate a consolidated options audit trail (``COATS'') \7\ system in order to surveil trading activities across markets. --------------------------------------------------------------------------- \6\ ISG is an industry organization formed in 1983 to coordinate intermarket surveillance among the SROs by co-operatively sharing regulatory information pursuant to a written agreement between the parties. The goal of the ISG's information sharing is to coordinate regulatory efforts to address potential intermarket trading abuses and manipulations. \7\ COATS effectively enhances intermarket options surveillance by enabling the options exchanges to reconstruct the market promptly to effectively surveil certain rules. --------------------------------------------------------------------------- The Exchange proposes to assess ORF monthly based on information received from the OCC regarding transactions that cleared in the customer range. Notably, the Exchange believes that this will help to alleviate confusion or even potential double-billing of customer transactions. In particular, by billing all customer transactions on a monthly basis the Exchange will be able to capture transactions that may have been executed on the Exchange that were submitted for clearing by a Member but then ``flipped'' to the account of a non-Member. Thus, the Exchange believes that charging the ORF to Members and non-Members across all markets will avoid having non-Members clear their trades through non-Members in order to avoid the fee and to thereby avoid paying for their fair share for regulation. If the ORF did not apply to activity across markets then a non-Member would send their orders to the least cost, least regulated exchange. In addition, applying the fee to all Members' and non-Members' activity across all market will avoid options participants from terminating their membership status on or not becoming a Members of certain exchanges simply to avoid being assessed ORF. As discussed above, the ORF is designed to recover a material portion of the costs to the Exchange of the supervision and regulation of Members' and non-Member's customer options business, including performing routine surveillances and investigations, as well as policy, rulemaking, interpretive and enforcement activities. The Exchange believes that revenue generated from the ORF, when combined with all of the Exchange's other regulatory fees and fines, will continue to cover a material portion, but not all, of the Exchange's regulatory costs.\8\ --------------------------------------------------------------------------- \8\ The Exchange notes that its regulatory responsibilities with respect to compliance with options sales practice rules has been allocated to the Financial Industry Regulatory Authority, Inc. (``FINRA'') under a 17d-2 Agreement. The ORF is not designed to cover the cost of options sales practice regulation. --------------------------------------------------------------------------- The Exchange will continue to monitor the amount of revenue collected from the ORF to ensure that it, in combination with its other regulatory fees and fines, does not exceed the Exchange's total regulatory costs. The Exchange expects to monitor its regulatory costs and revenues at a minimum on a semi-annual basis. If the Exchange determines regulatory revenues exceed or are insufficient to cover a material portion of its regulatory costs, the Exchange will adjust the ORF by submitting a fee change filing to the Commission. The Exchange will continue to notify Members and non-Members of adjustments to the ORF at least 30 calendar days prior to the effective date of the change.\9\ --------------------------------------------------------------------------- \9\ The Exchange announced its intent to charge an ORF on June 30, 2016. See Bats Options Exchange Regulatory Fee Schedule Update Effective August 1, 2016 available at: http://cdn.batstrading.com/resources/fee_schedule/2016/Bats-Options-Exchange-Regulatory-Fee-Schedule-Update-Effective-August-1-2016.pdf. --------------------------------------------------------------------------- Implementation Date The Exchange proposes to implement changes to the ORF on August 1, 2016. 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with the requirements of the Act and the rules and regulations thereunder that are applicable to a national securities exchange, and, in particular, with the requirements of section 6 of the Act.\10\ Specifically, the Exchange believes that the proposed rule change is consistent with section 6(b)(4) of the Act,\11\ in that it provides for the equitable allocation of reasonable dues, fees and other charges among members and other persons using any facility or system which the Exchange operates or controls. The Exchange notes that it operates in a highly competitive market in which market participants can readily direct order flow to competing venues or providers of routing services if they deem fee levels to be excessive. --------------------------------------------------------------------------- \10\ 15 U.S.C. 78f. \11\ 15 U.S.C. 78f(b)(4). --------------------------------------------------------------------------- The Exchange believes the decreased ORF is equitable and not unfairly discriminatory because it would be objectively allocated to Members and non-Members in that it would be charged to all Members and non-Members on all their transactions that [[Page 51956]] clear as customer transactions at the OCC. In addition, the Exchange believes the amount of the ORF is reasonable as it is significantly lower than ORFs charged by other exchanges. By way of comparison, MIAX charges an ORF of $0.0045 per contract side,\12\ and both NYSE Arca and NYSE Amex charge an ORF of $0.0055 per contract side.\13\ The CBOE charges an ORF of $0.0081 per contract.\14\ --------------------------------------------------------------------------- \12\ See MIAX fee schedule available at http://www.miaxoptions.com/sites/default/files/MIAX_Options_Fee_Schedule_06012016.pdf (dated May 1, 2016). \13\ See NYSE Arca Options fee schedule available at https://www.nyse.com/publicdocs/nyse/markets/arca-options/NYSE_Arca_Options_Fee_Schedule.pdf (dated June 6, 2016); and NYSE Amex fee schedule available at https://www.nyse.com/publicdocs/nyse/markets/amex-options/NYSE_Amex_Options_Fee_Schedule.pdf (dated June 9, 2016). \14\ See CBOE fee schedule available at http://www.cboe.com/framed/pdfframed.aspx?content=/publish/feeschedule/CBOEFeeSchedule.pdf§ion=SEC_RESOURCES&title=CBOE%20Fee%20Schedule (dated May 16, 2016). --------------------------------------------------------------------------- The Exchange believes the expanding the decreased ORF to transactions executed or cleared by non-Members is equitable and not unfairly discriminatory because it should avoid having transactions cleared through non-Members in order to avoid the fee and to thereby avoid paying for their fair share for regulation.\15\ If the ORF did not apply to activity across markets then a non-Member would send their orders to the least cost, least regulated exchange. In addition, applying the fee to all Members' and non-Members' activity across all market will avoid options participants from terminating their membership status on or not becoming a Members of certain exchanges simply to avoid being assessed ORF. Moreover, the Exchange believes the ORF ensures fairness by assessing fees to those Members and non-Members that are directly based on the amount of customer options business they conduct. --------------------------------------------------------------------------- \15\ Despite rule text to the contrary, the Exchange believes based on conversations with market participants that other options exchanges currently charge an ORF on all options transactions cleared by the OCC in the customer range regardless of whether they are executed or cleared by their member. --------------------------------------------------------------------------- The Exchange also believes it is reasonable and appropriate for the Exchange to charge the ORF for options transactions by a non-Member regardless of the exchange on which the transactions occur. The Exchange has a statutory obligation to enforce compliance by Members and their associated persons under the Act and the rules of the Exchange and cannot effectively surveil for manipulative conduct by market participants (including non-Members) trading on the Exchange without looking at and evaluating activity across all options markets. Many of the Exchange's market surveillance programs require the Exchange to look at and evaluate activity across all options markets, such as surveillance for position limit violations, manipulation, front-running and contrary exercise advice violations/expiring exercise declarations. The Exchange has designed the ORF to generate revenues that, when combined with all of the Exchange's other regulatory fees, will be less than or equal to the Exchange's regulatory costs, which is consistent with the Commission's view that regulatory fees be used for regulatory purposes and not to support the Exchange's business side. In this regard, the Exchange believes that the decreased level of the fee and its expansion to non-Members is reasonable and appropriate. B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule change will impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act. The ORF is not intended to have any impact on competition. Rather, it is designed to enable the Exchange to recover a material portion of the Exchange's cost related to its regulatory activities. The decreased ORF is also comparable to, and in most instances less than, ORF fees charged by other options exchanges. The expansion of ORF to non-Members is also not designed to have an impact on competition as the Exchange believes based on conversations from market participants that it is consistent with the practice by other exchanges in applying ORF to non-Member transactions, despite rule text to the contrary. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Exchange has not solicited, and does not intend to solicit, comments on this proposed rule change. The Exchange has not received any written comments from members or other interested parties. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to section 19(b)(3)(A) of the Act \16\ and paragraph (f) of Rule 19b-4 thereunder.\17\ 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. --------------------------------------------------------------------------- \16\ 15 U.S.C. 78s(b)(3)(A). \17\ 17 CFR 240.19b-4(f). --------------------------------------------------------------------------- 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 CommentsUse the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File No. SR-BatsBZX-2016-42 on the subject line. Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File No. SR-BatsBZX-2016-42. 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 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. 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 [[Page 51957]] available publicly. All submissions should refer to File No. SR- BatsBZX-2016-42, and should be submitted on or before August 26, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\18\ --------------------------------------------------------------------------- \18\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2016-18571 Filed 8-4-16; 8:45 am] BILLING CODE 8011-01-P
![51954 Federal Register / Vol. 81, No. 151 / Friday, August 5, 2016 / Notices
enable the Exchange to recover a All submissions should refer to File No. ‘‘Exchange’’ or ‘‘BZX’’) filed with the
material portion of the Exchange’s cost SR–BatsEDGX–2016–33. This file Securities and Exchange Commission
related to its regulatory activities. The number should be included on the (the ‘‘Commission’’) the proposed rule
proposed ORF is also comparable to, subject line if email is used. To help the change as described in Items I, II, and
and in most instances less than, ORF Commission process and review your III below, which Items have been
fees charged by other options comments more efficiently, please use prepared by the Exchange. The
exchanges. Further, the expansion of only one method. The Commission will Exchange has designated the proposed
ORF to non-Members is also not post all comments on the Commission’s rule change as one establishing or
designed to have an impact on Internet Web site (http://www.sec.gov/ changing a member due, fee, or other
competition as the Exchange believes rules/sro.shtml). Copies of the charge imposed by the Exchange under
based on conversations from market submission, all subsequent section 19(b)(3)(A)(ii) of the Act 3 and
participants that it is consistent with the amendments, all written statements Rule 19b–4(f)(2) thereunder,4 which
practice by other exchanges in applying with respect to the proposed rule renders the proposed rule change
ORF to non-Member transactions, change that are filed with the effective upon filing with the
despite rule text to the contrary. Commission, and all written Commission. The Commission is
communications relating to the publishing this notice to solicit
C. Self-Regulatory Organization’s proposed rule change between the comments on the proposed rule change
Statement on Comments on the Commission and any person, other than from interested persons.
Proposed Rule Change Received From those that may be withheld from the
Members, Participants, or Others public in accordance with the I. Self-Regulatory Organization’s
provisions of 5 U.S.C. 552, will be Statement of the Terms of Substance of
The Exchange has not solicited, and
available for Web site viewing and the Proposed Rule Change
does not intend to solicit, comments on
this proposed rule change. The printing in the Commission’s Public The Exchange filed a proposal to
Exchange has not received any written Reference Room, 100 F Street NE., amend the fee schedule applicable to
comments from members or other Washington, DC 20549, on official Members 5 and non-members of the
interested parties. business days between the hours of Exchange pursuant to BZX Rules 15.1(a)
10:00 a.m. and 3:00 p.m. Copies of the and (c).
III. Date of Effectiveness of the filing also will be available for The text of the proposed rule change
Proposed Rule Change and Timing for inspection and copying at the principal is available at the Exchange’s Web site
Commission Action office of the Exchange. All comments at www.batstrading.com, at the
The foregoing rule change has become received will be posted without change; principal office of the Exchange, and at
effective pursuant to section 19(b)(3)(A) the Commission does not edit personal the Commission’s Public Reference
of the Act 17 and paragraph (f) of Rule identifying information from Room.
19b–4 thereunder.18 At any time within submissions. You should submit only
information that you wish to make II. Self-Regulatory Organization’s
60 days of the filing of the proposed rule Statement of the Purpose of, and
change, the Commission summarily may available publicly. All submissions
should refer to File No. SR–BatsEDGX– Statutory Basis for, the Proposed Rule
temporarily suspend such rule change if Change
it appears to the Commission that such 2016–33, and should be submitted on or
action is necessary or appropriate in the before August 26, 2016. In its filing with the Commission, the
public interest, for the protection of For the Commission, by the Division of Exchange included statements
investors, or otherwise in furtherance of Trading and Markets, pursuant to delegated concerning the purpose of and basis for
the purposes of the Act. authority.19 the proposed rule change and discussed
Robert W. Errett, any comments it received on the
IV. Solicitation of Comments Deputy Secretary. proposed rule change. The text of these
Interested persons are invited to [FR Doc. 2016–18570 Filed 8–4–16; 8:45 am] statements may be examined at the
submit written data, views, and BILLING CODE 8011–01–P
places specified in Item IV below. The
arguments concerning the foregoing, Exchange has prepared summaries, set
including whether the proposed rule forth in sections A, B, and C below, of
change is consistent with the Act. SECURITIES AND EXCHANGE the most significant parts of such
Comments may be submitted by any of COMMISSION statements.
the following methods: [Release No. 34–78453; File No. SR– A. Self-Regulatory Organization’s
Electronic Comments BatsBZX–2016–42] Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
• Use the Commission’s Internet Self-Regulatory Organizations; Bats Change
comment form (http://www.sec.gov/ BZX Exchange, Inc.; Notice of Filing
rules/sro.shtml); or and Immediate Effectiveness of a 1. Purpose
• Send an email to rule-comments@ Proposed Rule Change To Amend the The Exchange proposes to modify the
sec.gov. Please include File No. SR– Options Regulatory Fee fee schedule applicable to the
BatsEDGX–2016–33 on the subject line. August 1, 2016. Exchange’s options platform (‘‘BZX
Pursuant to section 19(b)(1) of the Options’’) to amend the rate of its ORF
Paper Comments as well as to expand its application to
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Securities Exchange Act of 1934 (the
• Send paper comments in triplicate ‘‘Act’’),1 and Rule 19b–4 thereunder,2 non-Members. Currently, the Exchange
to Secretary, Securities and Exchange notice is hereby given that on July 20, 3 15 U.S.C. 78s(b)(3)(A)(ii).
Commission, 100 F Street NE., 2016, Bats BZX Exchange, Inc. (the 4 17 CFR 240.19b–4(f)(2).
Washington, DC 20549–1090. 5 The term ‘‘Member’’ is defined as ‘‘any
19 17 CFR 200.30–3(a)(12). registered broker or dealer that has been admitted
17 15 U.S.C. 78s(b)(3)(A). 1 15 U.S.C. 78s(b)(1). to membership in the Exchange.’’ See Exchange
18 17 CFR 240.19b–4(f). 2 17 CFR 240.19b–4. Rule 1.5(n).
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![Federal Register / Vol. 81, No. 151 / Friday, August 5, 2016 / Notices 51957
available publicly. All submissions of OMB-approved information I. The information collections below
should refer to File No. SR–BatsBZX– collections. are pending at SSA. SSA will submit
2016–42, and should be submitted on or SSA is soliciting comments on the them to OMB within 60 days from the
before August 26, 2016. accuracy of the agency’s burden date of this notice. To be sure we
For the Commission, by the Division of
estimate; the need for the information; consider your comments, we must
Trading and Markets, pursuant to delegated its practical utility; ways to enhance its receive them no later than October 4,
authority.18 quality, utility, and clarity; and ways to 2016. Individuals can obtain copies of
Robert W. Errett, minimize burden on respondents, the collection instruments by writing to
including the use of automated the above email address.
Deputy Secretary.
collection techniques or other forms of
[FR Doc. 2016–18571 Filed 8–4–16; 8:45 am]
information technology. Mail, email, or 1. Application for Child’s Insurance
BILLING CODE 8011–01–P
fax your comments and Benefits—20 CFR 404.350–404.368,
recommendations on the information 404.603, & 416.350—0960–0010. Title II
collection(s) to the OMB Desk Officer of the Social Security Act (Act) provides
and SSA Reports Clearance Officer at for the payment of monthly benefits to
SOCIAL SECURITY ADMINISTRATION the following addresses or fax numbers. children of an insured retired, disabled,
(OMB), Office of Management and or deceased worker. Section 202(d) of
[Docket No: SSA–2016–0035] Budget, Attn: Desk Officer for SSA, the Act discloses the conditions and
Fax: 202–395–6974, Email address: requirements the applicant must meet
Agency Information Collection when filing an application. SSA uses
Activities: Proposed Request and OIRA_Submission@omb.eop.gov.
(SSA), Social Security Administration, the information on Form SSA–4–BK to
Comment Request determine entitlement for children of
OLCA, Attn: Reports Clearance
The Social Security Administration Director, 3100 West High Rise, 6401 living and deceased workers to monthly
(SSA) publishes a list of information Security Blvd., Baltimore, MD 21235, Social Security payments. Respondents
collection packages requiring clearance Fax: 410–966–2830, Email address: are guardians completing the form on
by the Office of Management and OR.Reports.Clearance@ssa.gov. behalf of the children of living or
Budget (OMB) in compliance with Or you may submit your comments deceased workers, or the children of
Public Law 104–13, the Paperwork online through www.regulations.gov, living or deceased workers.
Reduction Act of 1995, effective October referencing Docket ID Number [SSA– Type of Request: Revision of an OMB-
1, 1995. This notice includes revisions 2016–0035]. approved information collection.
Average Estimated
Number of Frequency of burden per total annual
Modality of completion respondents response response burden
(minutes) (hours)
Life Claims (paper) .......................................................................................... 15,207 1 12 3,041
Life Claims (Modernized Claim System (MCS)/Signature Proxy) ................... 465,428 1 11 85,328
Death Claims (paper) ...................................................................................... 6,290 1 12 1,258
Death Claims (MCS/Signature Proxy) ............................................................. 193,131 1 11 35,407
Totals ........................................................................................................ 680,056 ........................ ........................ 125,034
2. Private Printing and Modification SSA’s approval, entities must make SSA employees review the requests and
of Prescribed Application and Other their requests in writing using their provide approval via email or mail to
Forms—20 CFR 422.527—0960–0663. company letterhead, providing the the third-party entities. The respondents
20 CFR 422.527 of the Code of Federal required information set forth in the are third-party entities who submit a
Regulations requires a person, regulation. SSA uses the information to: request to SSA to reproduce, duplicate,
institution, or organization (third-party (1) Ensure requests comply with the law or privately print an SSA-owned form.
entities) to obtain approval from SSA and regulations, and (2) process requests
prior to reproducing, duplicating, or from third-party entities who want to Type of Request: Revision of an OMB-
privately printing any application or reproduce, duplicate, or privately print approved information collection.
other form the agency owns. To obtain any SSA application or other SSA form.
Average Estimated total
Number of Frequency of burden per annual
Modality of completion respondents response response burden
(minutes) (hours)
20 CFR 422.527 .............................................................................................. 10 15 10 25
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3. Protection and Advocacy for the number of Social Security Disability the result of receiving support,
Beneficiaries of Social Security Insurance (SSDI) or Supplemental representation, advocacy, or other
(PABSS)—20 CFR 435.51–435.52— Security Income (SSI) recipients who services. PABSS provides information
0960–0768. The PABSS projects are part return to work and achieve financial and advice about obtaining vocational
of Social Security’s strategy to increase independence and self-sufficiency as rehabilitation and employment services,
18 17 CFR 200.30–3(a)(12).
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Document Created: 2016-08-05 06:43:39
Document Modified: 2016-08-05 06:43:39
| Category | Regulatory Information | |
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| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 81 FR 51954 |
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