81 FR 80157 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 220 (November 15, 2016)

Page Range		80157-80157
FR Document		2016-27377
Federal Register, Volume 81 Issue 220 (Tuesday, November 15, 2016)
[Federal Register Volume 81, Number 220 (Tuesday, November 15, 2016)]
[Notices]
[Page 80157]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-27377]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; 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:
    Rule 602, SEC File No. 270-404, OMB Control No. 3235-0461.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') has submitted to the Office of Management 
and Budget (``OMB'') a request for approval of extension of the 
previously approved collection of information provided for in Rule 602 
of Regulation NMS (17 CFR 240.602), under the Securities Exchange Act 
of 1934 (15 U.S.C. 78a et seq.).
    Rule 602 of Regulation NMS, Dissemination of Quotations in NMS 
securities, contains two related collections. The first collection of 
information is found in Rule 602(a).\1\ This third-party disclosure 
requirement obligates each national securities exchange and national 
securities association to make available to quotation vendors for 
dissemination to the public the best bid, best offer, and aggregate 
quotation size for each ``subject security,'' as defined under the 
Rule. The second collection of information is found in Rule 602(b).\2\ 
This disclosure requirement obligates any exchange member and over-the-
counter (``OTC'') market maker that is a ``responsible broker or 
dealer,'' as defined under the Rule, to communicate to an exchange or 
association their best bids, best offers, and quotation sizes for 
subject securities.\3\
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    \1\ 17 CFR 242.602(a).
    \2\ 17 CFR 242.602(b).
    \3\ Under Rule 602(b)(5), electronic communications networks 
(``ECNs'') have the option of reporting to an exchange or 
association for public dissemination, on behalf of customers that 
are OTC market makers or exchange market makers, the best-priced 
orders and the full size for such orders entered by market makers on 
the ECN, to satisfy such market makers' reporting obligation under 
Rule 602(b). Since this reporting requirement is an alternative 
method of meeting the market makers' reporting obligation, and 
because it is directed to nine or fewer persons (ECNs), this 
collection of information is not subject to OMB review under the 
Paperwork Reduction Act (``PRA'').
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    It is anticipated that twenty respondents, consisting of nineteen 
national securities exchanges and one national securities association, 
will collectively respond approximately 2,184,303,485,488 times per 
year pursuant to Rule 602(a) at 18.22 microseconds per response, 
resulting in a total annual burden of approximately 11,640 hours. It is 
anticipated that no respondents will have a reporting burden pursuant 
to Rule 602(b).\4\
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    \4\ For the reporting obligation under Rule 602(b), the 
respondents are exchange members and OTC market makers. The 
Commission believes that communication of quotations through an 
exchange's electronic trading system effectively means that exchange 
members currently have no reporting burden under Rule 602(b) for 
these quotations. The Commission also believes that there are 
presently no OTC market makers that quote other than on an exchange.
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    Thus, the aggregate third-party disclosure burden under Rule 602 is 
11,640 hours annually which is comprised of 11,640 hours relating to 
Rule 602(a) and 0 hours relating to Rule 602(b).
    Compliance with Rule 602 of Regulation NMS is mandatory and the 
information collected is made available to the public.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.
    The public may view background documentation for this information 
collection at the following Web site: www.reginfo.gov. Comments should 
be directed to: (i) Desk Officer for the Securities and Exchange 
Commission, Office of Information and Regulatory Affairs, Office of 
Management and Budget, Room 10102, New Executive Office Building, 
Washington, DC 20503, or by sending an email to: 
[email protected]; and (ii) Pamela C. Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or by sending an 
email to: [email protected]. Comments must be submitted to OMB within 
30 days of this notice.

     Dated: November 8, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-27377 Filed 11-14-16; 8:45 am]
 BILLING CODE 8011-01-P
Federal Register / Vol. 81, No. 220 / Tuesday, November 15, 2016 / Notices 80157

submitted on or before December 6, It is anticipated that twenty SECURITIES AND EXCHANGE
2016. respondents, consisting of nineteen COMMISSION
For the Commission, by the Division of national securities exchanges and one
[Release No. 34–79268; File No. SR–CBOE–
Trading and Markets, pursuant to delegated national securities association, will 2016–076]
authority.15 collectively respond approximately
Brent J. Fields, 2,184,303,485,488 times per year Self-Regulatory Organizations;
Secretary. pursuant to Rule 602(a) at 18.22 Chicago Board Options Exchange,
[FR Doc. 2016–27368 Filed 11–14–16; 8:45 am]
microseconds per response, resulting in Incorporated; Notice of Filing of a
BILLING CODE 8011–01–P
a total annual burden of approximately Proposed Rule Change in Connection
11,640 hours. It is anticipated that no With a Proposed Corporate
respondents will have a reporting Transaction Involving CBOE Holdings,
SECURITIES AND EXCHANGE burden pursuant to Rule 602(b).4 Inc. and Bats Global Markets, Inc.
COMMISSION Thus, the aggregate third-party
disclosure burden under Rule 602 is November 8, 2016.
Submission for OMB Review; 11,640 hours annually which is Pursuant to Section 19(b)(1) of the
Comment Request comprised of 11,640 hours relating to Securities Exchange Act of 1934
Rule 602(a) and 0 hours relating to Rule (‘‘Act’’) 1, and Rule 19b–4 thereunder,2
Upon Written Request, Copies Available 602(b). notice is hereby given that on November
From: Securities and Exchange Compliance with Rule 602 of 4, 2016, Chicago Board Options
Commission, Office of FOIA Services, Regulation NMS is mandatory and the Exchange, Incorporated (‘‘Exchange’’ or
100 F Street NE., Washington, DC information collected is made available ‘‘CBOE’’) filed with the Securities and
20549–2736. to the public. Exchange Commission (‘‘Commission’’)
Extension: An agency may not conduct or the proposed rule change as described
Rule 602, SEC File No. 270–404, OMB sponsor, and a person is not required to in Items I, II, and III below, which Items
Control No. 3235–0461. respond to, a collection of information have been prepared by the Exchange.
Notice is hereby given that pursuant under the PRA unless it displays a The Commission is publishing this
to the Paperwork Reduction Act of 1995 currently valid OMB control number. notice to solicit comments on the
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the The public may view background proposed rule change from interested
Securities and Exchange Commission documentation for this information persons.
(‘‘Commission’’) has submitted to the collection at the following Web site:
www.reginfo.gov. Comments should be I. Self-Regulatory Organization’s
Office of Management and Budget Statement of the Terms of Substance of
(‘‘OMB’’) a request for approval of directed to: (i) Desk Officer for the
Securities and Exchange Commission, the Proposed Rule Change
extension of the previously approved
collection of information provided for in Office of Information and Regulatory The Exchange submits this rule filing
Rule 602 of Regulation NMS (17 CFR Affairs, Office of Management and in connection with a proposed corporate
240.602), under the Securities Exchange Budget, Room 10102, New Executive transaction (the ‘‘Transaction’’)
Act of 1934 (15 U.S.C. 78a et seq.). Office Building, Washington, DC 20503, involving its ultimate parent company,
Rule 602 of Regulation NMS, or by sending an email to: Shagufta_ CBOE Holdings, Inc. (‘‘CBOE
Dissemination of Quotations in NMS Ahmed@omb.eop.gov; and (ii) Pamela C. Holdings’’), two wholly owned
securities, contains two related Dyson, Director/Chief Information subsidiaries of CBOE Holdings, CBOE
collections. The first collection of Officer, Securities and Exchange Corporation and CBOE V, LLC (‘‘CBOE
information is found in Rule 602(a).1 Commission, c/o Remi Pavlik-Simon, V’’), and Bats Global Markets, Inc.
This third-party disclosure requirement 100 F Street NE., Washington, DC (‘‘BGM’’). BGM is the ultimate parent
obligates each national securities 20549, or by sending an email to: PRA_ company of Bats BZX Exchange, Inc.
exchange and national securities Mailbox@sec.gov. Comments must be (‘‘Bats BZX’’), Bats BYX Exchange, Inc.
association to make available to submitted to OMB within 30 days of (‘‘Bats BYX’’), Bats EDGX Exchange, Inc.
quotation vendors for dissemination to this notice. (‘‘Bats EDGX’’), and Bats EDGA
the public the best bid, best offer, and Dated: November 8, 2016. Exchange, Inc. (‘‘Bats EDGA’’ and,
aggregate quotation size for each Brent J. Fields, together with Bats BZX, Bats BYX, and
‘‘subject security,’’ as defined under the Secretary. Bats EDGX, the ‘‘Bats Exchanges’’).
Rule. The second collection of [FR Doc. 2016–27377 Filed 11–14–16; 8:45 am]
Upon completion of the Transaction
information is found in Rule 602(b).2 (the ‘‘Closing’’), CBOE Holdings will
BILLING CODE 8011–01–P
This disclosure requirement obligates become the ultimate parent of the Bats
any exchange member and over-the- orders entered by market makers on the ECN, to
Exchanges.
counter (‘‘OTC’’) market maker that is a satisfy such market makers’ reporting obligation On September 25, 2016, CBOE
‘‘responsible broker or dealer,’’ as under Rule 602(b). Since this reporting requirement Holdings, CBOE Corporation, CBOE V,
is an alternative method of meeting the market and BGM entered into an Agreement
defined under the Rule, to communicate makers’ reporting obligation, and because it is
to an exchange or association their best directed to nine or fewer persons (ECNs), this
and Plan of Merger, as it may be
bids, best offers, and quotation sizes for collection of information is not subject to OMB amended from time to time (the ‘‘Merger
subject securities.3 review under the Paperwork Reduction Act Agreement’’). In connection with the
(‘‘PRA’’). Transaction, the Exchange seeks the
4 For the reporting obligation under Rule 602(b),
mstockstill on DSK3G9T082PROD with NOTICES

15 17 CFR 200.30–3(a)(12). Commission’s approval of a provision in
the respondents are exchange members and OTC
1 17 CFR 242.602(a). market makers. The Commission believes that the Merger Agreement regarding the
2 17 CFR 242.602(b).
communication of quotations through an composition of the CBOE Holdings
3 Under Rule 602(b)(5), electronic exchange’s electronic trading system effectively Board of Directors (‘‘CBOE Holdings
communications networks (‘‘ECNs’’) have the means that exchange members currently have no
option of reporting to an exchange or association for reporting burden under Rule 602(b) for these
Board’’) upon the Closing. There are no
public dissemination, on behalf of customers that quotations. The Commission also believes that there
1 15 U.S.C. 78s(b)(1).
are OTC market makers or exchange market makers, are presently no OTC market makers that quote
the best-priced orders and the full size for such other than on an exchange. 2 17 CFR 240.19b–4.

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Document Created: 2016-11-15 00:47:37
Document Modified: 2016-11-15 00:47:37
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 80157