82 FR 11663 - Agency Forms Submitted for OMB Review, Request for Comments
RAILROAD RETIREMENT BOARD Federal Register Volume 82, Issue 36 (February 24, 2017)
Federal Register Volume 82, Issue 36 (February 24, 2017)
| Page Range | 11663-11666 | |
| FR Document | 2017-03578 |
[Federal Register Volume 82, Number 36 (Friday, February 24, 2017)] [Notices] [Pages 11663-11666] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-03578] ======================================================================= ----------------------------------------------------------------------- RAILROAD RETIREMENT BOARD Agency Forms Submitted for OMB Review, Request for Comments SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35), the Railroad Retirement Board (RRB) is forwarding 4 Information Collection Requests (ICR) to the Office of Information and Regulatory Affairs (OIRA), Office of Management and Budget (OMB). Our ICR describes the information we seek to collect from the public. Review and approval by OIRA ensures that we impose appropriate paperwork burdens. The RRB invites comments on the proposed collections of information to determine (1) the practical utility of the collections; (2) the accuracy of the estimated burden of the collections; (3) ways to enhance the quality, utility, and clarity of the information that is the subject of collection; and (4) ways to minimize the burden of collections on respondents, including the use of automated collection techniques or other forms of information technology. Comments to the RRB or OIRA must contain the OMB control number of the ICR. For proper consideration of your comments, it is best if the RRB and OIRA receive them within 30 days of the publication date. 1. Title and purpose of information collection: Placement Service; OMB 3220-0057. Section 12(i) of the Railroad Unemployment Insurance Act (RUIA), authorizes the RRB to establish, maintain, and operate free employment offices to provide claimants for unemployment benefits with job placement opportunities. Section 704(d) of the Regional Railroad Reorganization Act of 1973, as amended, and as extended by the Consolidated Omnibus Budget Reconciliation Act of 1985, required the RRB to maintain and distribute a list of railroad job vacancies, by class and craft, based on information furnished by rail carriers to the RRB. Although the requirement under the law expired effective August 13, 1987, the RRB has continued to obtain this information in keeping with its employment service responsibilities under Section 12(k) of the RUIA. Application procedures for the job placement program are prescribed in 20 CFR 325. The procedures pertaining to the RRB's obtaining and distributing job vacancy reports furnished by rail carriers are described in 20 CFR 346.1. The RRB currently utilizes four forms to obtain information needed to carry out its job placement responsibilities. Form ES-2, Central Register Notification, is used by the RRB to obtain information needed to update a computerized central register of separated and furloughed railroad employees available for employment in the railroad industry. Forms ES-21, Referral to State Employment Service, and ES-21c, Report of State Employment Service Office, are used by the RRB to provide placement assistance for unemployed railroad employees through arrangements with State Employment Service offices. Form UI-35, Field Office Record of Claimant Interview, is used primarily by the RRB to conduct in-person interviews of claimants for unemployment benefits. Completion of these forms is required to obtain or maintain a benefit. In addition, the RRB also collects Railroad Job Vacancies information received voluntarily from railroad employers. Previous Requests for Comments: The RRB has already published the initial 60-day notice (81 FR 89521 on December 12, 2016) required by 44 U.S.C. 3506(c)(2). That request elicited no comments. Information Collection Request (ICR) Title: Placement Service. OMB Control Number: 3220-0057. Form(s) submitted: ES-2, ES-21, ES-21c, UI-35 and Job Vacancies Report. Type of request: Extension without change of a currently approved collection. Affected public: Private Sector, Businesses or other for-profits; Individuals or Households; State, Local, and Tribal Governments. Abstract: Under the RUIA, the Railroad Retirement Board provides job placement assistance for unemployed railroad workers. The collection obtains information from job applicants, railroad employers, and State Employment Service offices for use in placement, for providing referrals for job openings, reports of referral results and for verifying and monitoring claimant eligibility. Changes proposed: The RRB proposes no revisions to the forms in the collection. The burden estimate for the ICR is as follows: ---------------------------------------------------------------------------------------------------------------- Annual Time Burden Form No. responses (minutes) (hours) ---------------------------------------------------------------------------------------------------------------- ES-2............................................................ 3,750 .25 16 ES-21........................................................... 80 .68 0.9 ES-21c.......................................................... 25 1.50 0.6 UI-35 in person................................................. 6,300 7.00 735 UI-35 by mail................................................... 700 10.50 123 Job Vacancies................................................... 470 10.00 78 ----------------------------------------------- Total....................................................... 11,325 .............. 953 ---------------------------------------------------------------------------------------------------------------- 2. Title and Purpose of information collection: Certification Regarding Rights to Unemployment Benefits; OMB 3220-0079 Under Section 4 of the Railroad Unemployment Insurance Act (RUIA), an employee who leaves work voluntarily is disqualified for unemployment benefits unless the employee left work for good cause and is not qualified for unemployment benefits under any other law. RRB Form [[Page 11664]] UI-45, Claimant's Statement--Voluntary Leaving of Work, is used by the RRB to obtain the claimant's statement when the claimant, the claimant's employer, or another source indicates that the claimant has voluntarily left work. Completion of Form UI-45 is required to obtain or retain benefits. One response is received from each respondent. Previous Requests for Comments: The RRB has already published the initial 60-day notice (81 FR 89522 on December 12, 2016) required by 44 U.S.C. 3506(c)(2). That request elicited no comments. Information Collection Request (ICR) Title: Certification Regarding Rights to Unemployment Benefits. OMB Control Number: 3220-0079. Form(s) submitted: UI-45. Type of request: Extension without change of a currently approved collection. Affected public: Individuals or Households. Abstract: In administering the disqualification for the voluntary leaving of work provision of Section 4 of the Railroad Unemployment Insurance Act, the Railroad Retirement Board investigates an unemployment claim that indicates the claimant left voluntarily. The certification obtains information needed to determine if the leaving was for good cause. Changes proposed: The RRB proposes no changes to Form UI-45. The burden estimate for the ICR is as follows: ---------------------------------------------------------------------------------------------------------------- Annual Time Burden Form No. responses (minutes) (hours) ---------------------------------------------------------------------------------------------------------------- UI-45........................................................... 200 15 50 ---------------------------------------------------------------------------------------------------------------- 3. Title and Purpose of information collection: Self-Employment and Substantial Service Questionnaire; OMB 3220-0138. Section 2 of the Railroad Retirement Act (RRA) provides for payment of annuities to qualified employees and their spouses. In order to receive an age and service annuity, Section 2(e)(3) states that an applicant must stop all railroad work and give up any rights to return to such work. However, applicants are not required to stop nonrailroad work or self-employment. The RRB considers some work claimed as ``self-employment'' to actually be employment for an employer. Whether the RRB classifies a particular activity as self-employment or as work for an employer depends upon the circumstances of each case. These circumstances are prescribed in 20 CFR 216. Under the 1988 amendments to the RRA, an applicant is no longer required to stop work for a ``Last Pre-Retirement Nonrailroad Employer'' (LPE). However, Section 2(f)(6) of the RRA requires that a portion of the employee's Tier II benefit and supplemental annuity be deducted for earnings from the ``LPE.'' The ``LPE'' is defined as the last person, company, or institution with whom the employee or spouse applicant was employed concurrently with, or after, the applicant's last railroad employment and before their annuity beginning date. If a spouse never worked for a railroad, the LPE is the last person for whom he or she worked. The RRB utilizes Form AA-4, Self-Employment and Substantial Service Questionnaire, to obtain information needed to determine if the work the applicant claims is self-employment is really self-employment or work for an LPE or railroad service. If the work is self-employment, the questionnaire identifies any month in which the applicant did not perform substantial service. Completion is voluntary. However, failure to complete the form could result in the nonpayment of benefits. One response is requested of each respondent. Previous Requests for Comments: The RRB has already published the initial 60-day notice (81 FR 89522 on December 12, 2016) required by 44 U.S.C. 3506(c)(2). That request elicited no comments. Information Collection Request (ICR) Title: Self-Employment and Substantial Service Questionnaire. OMB Control Number: 3220-0138. Form(s) submitted: AA-4. Type of request: Extension without change of a currently approved collection. Affected public: Individuals or Households. Abstract: Section 2 of the Railroad Retirement Act (RRA) provides for payment of annuities to qualified employees and their spouses. Work for a Last Pre-Retirement Nonrailroad Employer (LPE), and work in self- employment affect payment in different ways. This collection obtains information to determine whether claimed self-employment is really self-employment, and not work for a railroad or LPE. Changes proposed: The RRB proposes no changes to Form AA-4. The burden estimate for the ICR is as follows: ---------------------------------------------------------------------------------------------------------------- Annual Time Burden Form No. responses (minutes) (hours) ---------------------------------------------------------------------------------------------------------------- AA-4 (With assistance).......................................... 570 40 380 AA-4 (Without assistance)....................................... 30 70 35 ----------------------------------------------- Total....................................................... 600 .............. 415 ---------------------------------------------------------------------------------------------------------------- 4. Title and purpose of information collection: Withholding Certificate for Railroad Retirement Monthly Annuity Payments; OMB 3220- 0149. The Internal Revenue Code requires that all payers of tax liable private pensions to U.S. citizens or residents: (1) Notify each recipient at least concurrent with initial withholding that the payer is, in fact, withholding benefits for tax liability and that the recipient has the option of electing not to have the payer withhold, or to withhold at a specific rate; (2) withhold benefits for tax purposes (in the absence of the recipient's election not to withhold benefits); and (3) notify all beneficiaries, at least annually, that they have the option to change their withholding status or elect not to have benefits withheld. The RRB provides Form RRB-W4P, Withholding Certificate for Railroad [[Page 11665]] Retirement Payments, to its annuitants to exercise their withholding options. Completion of the form is required to obtain or retain a benefit. One response is requested of each respondent. Previous Requests for Comments: The RRB has already published the initial 60-day notice (81 FR 89998 on December 13, 2016) required by 44 U.S.C. 3506(c)(2). That request elicited no comments. Information Collection Request (ICR) Title: Withholding Certificate for Railroad Retirement Monthly Annuity Payments. OMB Control Number: 3220-0149. Form(s) submitted: RRB W-4P. Type of request: Extension without change of a currently approved collection. Affected public: Individuals or Households. Abstract: Under Public Law 98-76, railroad retirement beneficiaries' Tier II, dual vested and supplemental benefits are subject to income tax under private pension rules. Under Public Law 99- 514, the non-social security equivalent benefit portion of Tier I is also taxable under private pension rules. The collection obtains the information needed by the Railroad Retirement Board to implement the income tax withholding provisions. Changes proposed: The RRB proposes no changes to Form RRB W-4P. The burden estimate for the ICR is as follows: Estimated annual number of respondents: 25,000. Total annual responses: 25,000. Total annual reporting hours: 1. 5. Title and Purpose of information collection: Earnings Information Request; OMB 3220-0184 Under Section 2 of the Railroad Retirement Act, an annuity is not payable, or is reduced for any month(s) in which the beneficiary works for a railroad or earns more than prescribed amounts. The provisions relating to the reduction or non-payment of annuities by reason of work are prescribed in 20 CFR 230. The RRB utilizes Form G-19-F, Earnings Information Request, to obtain earnings information that either had not been previously reported or erroneously reported by a beneficiary. Currently the claimant is asked to enter the date they stopped working, if applicable. If a respondent fails to complete the form, the RRB may be unable to pay them benefits. One response is requested of each respondent. Previous Requests for Comments: The RRB has already published the initial 60-day notice (81 FR 89998 on December 13, 2016) required by 44 U.S.C. 3506(c)(2). That request elicited no comments. Information Collection Request (ICR) Title: Earnings Information Request. OMB Control Number: 3220-0184. Form(s) submitted: G-19-F. Type of request: Revision of a currently approved collection. Affected public: Individuals or Households. Abstract: Under Section 2 of the Railroad Retirement Act, an annuity is not payable, or is reduced for any month(s) in which the beneficiary works for a railroad or earns more than prescribed amounts. The collection obtains earnings information not previously or erroneously reported by a beneficiary. Changes proposed: The RRB proposes the implementation of an Internet-based equivalent Form G-19F. It will be available for downloading from the RRB's Web site at www.rrb.gov. It will collect the same information as the approved version but will be fillable and printable online. No other changes are proposed. The burden estimate for the ICR is as follows: ---------------------------------------------------------------------------------------------------------------- Annual Time Burden Form No. responses (minutes) (hours) ---------------------------------------------------------------------------------------------------------------- G-19-F.......................................................... 900 8 120 ---------------------------------------------------------------------------------------------------------------- 6. Title and Purpose of information collection: Designation of Contact Officials; 3220-0200. Coordination between railroad employers and the RRB is essential to properly administer the payment of benefits under the Railroad Retirement Act (RRA) and the Railroad Unemployment Insurance Act (RUIA). In order to enhance timely coordination activity, the RRB utilizes Form G-117A, Designation of Contact Officials. Form G- 117A is used by railroad employers to designate employees who are to act as point of contact with the RRB on a variety of RRA and RUIA- related matters. Completion is voluntary. One response is requested from each respondent. Previous Requests for Comments: The RRB has already published the initial 60-day notice (81 FR 89522 on December 12, 2016) required by 44 U.S.C. 3506(c)(2). That request elicited no comments. Information Collection Request (ICR) Title: Designation of Contact Officials. OMB Control Number: 3220-0200. Form(s) submitted: G-117A. Type of request: Extension without change of a currently approved collection. Affected public: Private Sector; Businesses or other for profits. Abstract: The Railroad Retirement Board (RRB) requests that railroad employers designate employees to act as liaison with the RRB on a variety of Railroad Retirement Act and Railroad Unemployment Insurance Act matters. Changes proposed: The RRB proposes no revisions to Form G-117A. The burden estimate for the ICR is as follows: ---------------------------------------------------------------------------------------------------------------- Annual Time Burden Form No. responses (minutes) (hours) ---------------------------------------------------------------------------------------------------------------- G-117A.......................................................... 100 15 25 ---------------------------------------------------------------------------------------------------------------- Additional Information or Comments: Copies of the forms and supporting documents can be obtained from Dana Hickman at (312) 751- 4981 or [email protected]. Comments regarding the information collection should be addressed to Brian Foster, Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois 60611-1275 or emailed to [email protected]. and to the OMB Desk Officer for the RRB, Fax: 202-395-6974, Email [[Page 11666]] address: [email protected]. Brian D. Foster, Clearance Officer. [FR Doc. 2017-03578 Filed 2-23-17; 8:45 am] BILLING CODE 7905-01-P
![Federal Register / Vol. 82, No. 36 / Friday, February 24, 2017 / Notices 11663
services for invitees for the purposes of subject of collection; and (4) ways to and ES–21c, Report of State
supporting the volunteer during service. minimize the burden of collections on Employment Service Office, are used by
Request for Comment: Peace Corps respondents, including the use of the RRB to provide placement assistance
invites comments on whether the automated collection techniques or for unemployed railroad employees
proposed collections of information are other forms of information technology. through arrangements with State
necessary for proper performance of the Comments to the RRB or OIRA must Employment Service offices. Form UI–
functions of the Peace Corps, including contain the OMB control number of the 35, Field Office Record of Claimant
whether the information will have ICR. For proper consideration of your Interview, is used primarily by the RRB
practical use; the accuracy of the comments, it is best if the RRB and to conduct in-person interviews of
agency’s estimate of the burden of the OIRA receive them within 30 days of claimants for unemployment benefits.
proposed collection of information, the publication date. Completion of these forms is required
including the validity of the information 1. Title and purpose of information to obtain or maintain a benefit. In
to be collected; and, ways to minimize collection: Placement Service; OMB addition, the RRB also collects Railroad
the burden of the collection of 3220–0057. Section 12(i) of the Railroad Job Vacancies information received
information on those who are to Unemployment Insurance Act (RUIA), voluntarily from railroad employers.
respond, including through the use of authorizes the RRB to establish, Previous Requests for Comments: The
automated collection techniques, when maintain, and operate free employment RRB has already published the initial
appropriate, and other forms of offices to provide claimants for 60-day notice (81 FR 89521 on
information technology. unemployment benefits with job December 12, 2016) required by 44
This notice is issued in Washington, DC on
placement opportunities. Section 704(d) U.S.C. 3506(c)(2). That request elicited
February 21, 2017. of the Regional Railroad Reorganization no comments.
Denora Miller, Act of 1973, as amended, and as
extended by the Consolidated Omnibus Information Collection Request (ICR)
FOIA/Privacy Act Officer, Management.
Budget Reconciliation Act of 1985, Title: Placement Service.
[FR Doc. 2017–03640 Filed 2–23–17; 8:45 am]
required the RRB to maintain and OMB Control Number: 3220–0057.
BILLING CODE 6051–01–P
distribute a list of railroad job vacancies,
Form(s) submitted: ES–2, ES–21, ES–
by class and craft, based on information
21c, UI–35 and Job Vacancies Report.
furnished by rail carriers to the RRB.
RAILROAD RETIREMENT BOARD Although the requirement under the law Type of request: Extension without
expired effective August 13, 1987, the change of a currently approved
Agency Forms Submitted for OMB collection.
RRB has continued to obtain this
Review, Request for Comments Affected public: Private Sector,
information in keeping with its
SUMMARY: In accordance with the employment service responsibilities Businesses or other for-profits;
Paperwork Reduction Act of 1995 (44 under Section 12(k) of the RUIA. Individuals or Households; State, Local,
U.S.C. Chapter 35), the Railroad Application procedures for the job and Tribal Governments.
Retirement Board (RRB) is forwarding 4 placement program are prescribed in 20 Abstract: Under the RUIA, the
Information Collection Requests (ICR) to CFR 325. The procedures pertaining to Railroad Retirement Board provides job
the Office of Information and Regulatory the RRB’s obtaining and distributing job placement assistance for unemployed
Affairs (OIRA), Office of Management vacancy reports furnished by rail railroad workers. The collection obtains
and Budget (OMB). Our ICR describes carriers are described in 20 CFR 346.1. information from job applicants,
the information we seek to collect from The RRB currently utilizes four forms railroad employers, and State
the public. Review and approval by to obtain information needed to carry Employment Service offices for use in
OIRA ensures that we impose out its job placement responsibilities. placement, for providing referrals for job
appropriate paperwork burdens. Form ES–2, Central Register openings, reports of referral results and
The RRB invites comments on the Notification, is used by the RRB to for verifying and monitoring claimant
proposed collections of information to obtain information needed to update a eligibility.
determine (1) the practical utility of the computerized central register of Changes proposed: The RRB proposes
collections; (2) the accuracy of the separated and furloughed railroad no revisions to the forms in the
estimated burden of the collections; (3) employees available for employment in collection.
ways to enhance the quality, utility, and the railroad industry. Forms ES–21, The burden estimate for the ICR is as
clarity of the information that is the Referral to State Employment Service, follows:
Annual Time Burden
Form No. responses (minutes) (hours)
ES–2 ............................................................................................................................................ 3,750 .25 16
ES–21 .......................................................................................................................................... 80 .68 0.9
ES–21c ........................................................................................................................................ 25 1.50 0.6
UI–35 in person ........................................................................................................................... 6,300 7.00 735
UI–35 by mail ............................................................................................................................... 700 10.50 123
Job Vacancies ............................................................................................................................. 470 10.00 78
asabaliauskas on DSK3SPTVN1PROD with NOTICES
Total ...................................................................................................................................... 11,325 ........................ 953
2. Title and Purpose of information Under Section 4 of the Railroad unemployment benefits unless the
collection: Certification Regarding Unemployment Insurance Act (RUIA), employee left work for good cause and
Rights to Unemployment Benefits; OMB an employee who leaves work is not qualified for unemployment
3220–0079 voluntarily is disqualified for benefits under any other law. RRB Form
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![11666 Federal Register / Vol. 82, No. 36 / Friday, February 24, 2017 / Notices
address: OIRA_Submission@ II. Self-Regulatory Organization’s Maker 10 orders that are contra to a
omb.eop.gov. Statement of the Purpose of, and Customer 11 PIXL Order are reduced to
Statutory Basis for, the Proposed Rule $0.00 if the Customer PIXL Order is
Brian D. Foster, Change greater than 399 contracts. Further,
Clearance Officer. when the PIXL Order is contra to the
[FR Doc. 2017–03578 Filed 2–23–17; 8:45 am] In its filing with the Commission, the Initiating Order, a Customer PIXL Order
BILLING CODE 7905–01–P
Exchange included statements is assessed $0.00 per contract and all
concerning the purpose of and basis for other non-Customer market participants
the proposed rule change and discussed are assessed a $0.38 per contract fee
any comments it received on the when contra to an Initiating Order.
SECURITIES AND EXCHANGE proposed rule change. The text of these When the PIXL Order is contra to other
COMMISSION statements may be examined at the than the Initiating Order, the PIXL
places specified in Item IV below. The Order is assessed $0.00 per contract,
Exchange has prepared summaries, set unless the order is a Customer, in which
[Release No. 34–80064; File No. SR–Phlx– forth in sections A, B, and C below, of
2017–15]
case the Customer will receive a rebate
the most significant aspects of such of $0.38 per contract. All other Non-
statements. Customer contra parties to the PIXL
Self-Regulatory Organizations;
NASDAQ PHLX LLC; Notice of Filing A. Self-Regulatory Organization’s Order, other than the Initiating Order,
and Immediate Effectiveness of Statement of the Purpose of, and are assessed a Fee for Removing
Proposed Rule Change To Amend PIXL Statutory Basis for, the Proposed Rule Liquidity of $0.42 per contract or will
pricing Change receive the Rebate for Adding Liquidity.
The aforementioned applies to pricing
February 17, 2017. 1. Purpose in SPY.
The Exchange proposes to continue to
Pursuant to Section 19(b)(1) of the The purpose of the proposed rule
assess an Initiating Order fee of $0.05
Securities Exchange Act of 1934 change is to amend the Exchange’s
per contract for SPY Orders within
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 Pricing Schedule at Section I, entitled
PIXL. The Exchange proposes to no
notice is hereby given that on February ‘‘Rebates and Fees for Adding and
longer offer the ability to not be assessed
8, 2017, NASDAQ PHLX LLC (‘‘Phlx’’ or Removing Liquidity in SPY,’’ to amend
an Initiating Order Fee for Professional,
‘‘Exchange’’) filed with the Securities PIXL Executions in Standard and Poor’s
Firm, Broker-Dealer, Specialist and
and Exchange Commission (‘‘SEC’’ or Depositary Receipts/SPDRs (‘‘SPY’’).4
Market Maker orders that are contra to
‘‘Commission’’) the proposed rule The Exchange also proposes to amend
a Customer PIXL Order, which are
change as described in Items I, II, and PIXL Pricing in Section IV, Part A,
currently reduced to $0.00 if the
III, below, which Items have been entitled ‘‘PIXL Pricing’’ for all other
Customer PIXL Order is greater than 399
prepared by the Exchange. The Multiply-Listed options symbols.5
contracts. The Exchange is replacing the
Commission is publishing this notice to Proposed Amendments to Section I: incentive which reduces the Initiating
solicit comments on the proposed rule Rebates and Fees for Adding and Order Fee for Professional, Firm,
change from interested persons. Removing Liquidity in SPY Broker-Dealer, Specialist and Market
I. Self-Regulatory Organization’s Maker orders that are contra to a
Section I of the Pricing Schedule Customer PIXL Order, provided the
Statement of the Terms of Substance of contains pricing for PIXL Executions in
the Proposed Rule Change SPY. Today, with respect to PIXL 10 The term ‘‘Market Maker’’ includes Registered
executions in SPY, the Exchange Options Traders (‘‘ROT’’). See Exchange Rule
The Exchange proposes to amend the assesses an Initiating Order fee of $0.05 1014(b)(i) and (ii). A ROT includes a Streaming
Exchange’s Pricing Schedule at Section per contract. Today, the Initiating Order Quote Trader or ‘‘SQT,’’ a Remote Streaming Quote
I, entitled ‘‘Rebates and Fees for Adding Fee for Professional,6 Firm,7 Broker-
Trader or ‘‘RSQT’’ and a Non-SQT, which by
and Removing Liquidity in SPY,’’ and definition is neither a SQT nor a RSQT. A ROT is
Dealer,8 Specialist 9 and Market defined in Exchange Rule 1014(b) as a regular
Section IV, Part A entitled ‘‘PIXL member of the Exchange located on the trading
Pricing’’ to amend pricing related to 4 Options overlying Standard and Poor’s floor who has received permission from the
PIXL 3 executions. Exchange to trade in options for his own account.
Depositary Receipts/SPDRs (‘‘SPY’’) are based on
An SQT is defined in Exchange Rule 1014(b)(ii)(A)
The text of the proposed rule change the SPDR exchange-traded fund (‘‘ETF’’), which is
as an ROT who has received permission from the
designed to track the performance of the S&P 500
is available on the Exchange’s Web site Index.
Exchange to generate and submit option quotations
at http://nasdaqphlx.cchwallstreet.com/ 5 The Exchange initially filed the proposed
electronically in options to which such SQT is
assigned. An RSQT is defined in Exchange Rule in
, at the principal office of the Exchange, pricing changes on February 2 [sic], 2017 (SR–Phlx– 1014(b)(ii)(B) as an ROT that is a member affiliated
and at the Commission’s Public 2017–10). On February 8, 2017, the Exchange with an RSQTO with no physical trading floor
withdrew that filing and submitted this filing. The presence who has received permission from the
Reference Room. Commission notes that the Exchange filed SR– Exchange to generate and submit option quotations
PHXL–2017–10 on February 1, 2017. electronically in options to which such RSQT has
1 15 6 The term ‘‘Professional’’ applies to transactions
U.S.C. 78s(b)(1). been assigned. A Remote Streaming Quote Trader
2 17 CFR 240.19b–4. for the accounts of Professionals, as defined in Organization or ‘‘RSQTO,’’ which may also be
3 PIXLSM is the Exchange’s price improvement Exchange Rule 1000(b)(14). referred to as a Remote Market Making Organization
7 The term ‘‘Firm’’ applies to any transaction that
(‘‘RMO’’), is a member organization in good
asabaliauskas on DSK3SPTVN1PROD with NOTICES
mechanism known as Price Improvement XL or
PIXL. A member or member organization may is identified by a member or member organization standing that satisfies the RSQTO readiness
electronically submit for execution an order it for clearing in the Firm range at The Options requirements in Rule 507(a). RSQTs may also be
represents as agent on behalf of a public customer, Clearing Corporation. referred to as Remote Market Markers (‘‘RMMs’’).
8 The term ‘‘Broker-Dealer’’ applies to any
broker-dealer, or any other entity (‘‘PIXL Order’’) 11 The term ‘‘Customer’’ applies to any
against principal interest or against any other order transaction which is not subject to any of the other transaction that is identified by a member or
(except as provided in Rule 1080(n)(i)(E)) it transaction fees applicable within a particular member organization for clearing in the Customer
represents as agent (‘‘Initiating Order’’), provided it category. range at The Options Clearing Corporation which is
submits the PIXL order for electronic execution into 9 The term ‘‘Specialist’’ applies to transactions for not for the account of a broker or dealer or for the
the PIXL Auction pursuant to Rule 1080. See the account of a Specialist (as defined in Exchange account of a ‘‘Professional’’ (as that term is defined
Exchange Rule 1080(n). Rule 1020(a)). in Rule 1000(b)(14)).
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Document Created: 2017-02-24 01:17:20
Document Modified: 2017-02-24 01:17:20
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| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 82 FR 11663 |
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