82 FR 12377 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 40 (March 2, 2017)

Page Range		12377-12378
FR Document		2017-04023
Federal Register, Volume 82 Issue 40 (Thursday, March 2, 2017)
[Federal Register Volume 82, Number 40 (Thursday, March 2, 2017)]
[Notices]
[Pages 12377-12378]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-04023]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

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

Extension:
    Investor Form; SEC File No. 270-485, OMB Control No. 3235-0547.

    Notice is hereby given pursuant to the Paperwork Reduction Act of 
1995 (44 U.S.C. 3501 et seq.) that the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget (``OMB'') for extension and approval.
    Each year the Commission receives several thousand contacts from 
investors who have complaints or questions on a wide range of 
investment-related issues. To make it easier for the public to contact 
the agency electronically, the Commission's Office of Investor 
Education and

[[Page 12378]]

Advocacy (``OIEA'') created an electronic form (the Investor Form) that 
provides drop down options to choose from in order to categorize the 
investor's complaint or question, and may also provide the investor 
with automated information about their issue. The Investor Form asks 
investors to provide information concerning, among other things, their 
names, how they can be reached, the names of the individuals or 
entities involved, the nature of their complaint or tip, what documents 
they can provide, and what, if any, actions they have taken. Use of the 
Investor Form is voluntary. Absent the forms, the public still has 
several ways to contact the agency, including telephone, facsimile, 
letters, and email. Investors can access the Investor Form through the 
consolidated Investor Complaint and Question Web page.
    OIEA receives approximately 20,000 contacts each year through the 
Investor Form. Investors who choose not to use the Investor Form 
receive the same level of service as those who do. The dual purpose of 
the form is to make it easier for the public to contact the agency with 
complaints, questions, tips, or other feedback and to further 
streamline the workflow of Commission staff that record, process, and 
respond to investor contacts.
    The Commission uses the information that investors supply on the 
Investor Form to review and process the contact (which may, in turn, 
involve responding to questions, processing complaints, or, as 
appropriate, initiating enforcement investigations), to maintain a 
record of contacts, to track the volume of investor complaints, and to 
analyze trends. Use of the Investor Form is voluntary. The Investor 
Form asks investors to provide information concerning, among other 
things, their names, how they can be reached, the names of the 
individuals or entities involved, the nature of their complaint or tip, 
what documents they can provide, and what, if any, actions they have 
taken.
    The staff of the Commission estimates that the total reporting 
burden for using the Investor Form is 5,000 hours. The calculation of 
this estimate depends on the number of investors who use the forms each 
year and the estimated time it takes to complete the forms: 20,000 
respondents x 15 minutes = 5,000 burden hours.
    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to the PRA that does not display a 
valid OMB control number.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information collected; and (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    Please direct your written comments to Pamela C. Dyson, Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F St. NE., Washington, DC 20549; or send an email to: 
[email protected].

    Dated: February 24, 2017.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017-04023 Filed 3-1-17; 8:45 am]
BILLING CODE 8011-01-P
Federal Register / Vol. 82, No. 40 / Thursday, March 2, 2017 / Notices 12377

market price of a security underlying an interest; (ii) impose any significant communications relating to the
options series traded on Nasdaq.5 burden on competition; and (iii) become proposed rule change between the
operative for 30 days from the date on Commission and any person, other than
2. Statutory Basis
which it was filed, or such shorter time those that may be withheld from the
The Exchange believes that its as the Commission may designate, it has public in accordance with the
proposal is consistent with Section 6(b) become effective pursuant to Section provisions of 5 U.S.C. 552, will be
of the Act,6 in general, and furthers the 19(b)(3)(A)(iii) of the Act 8 and available for Web site viewing and
objectives of Section 6(b)(5) of the Act,7 subparagraph (f)(6) of Rule 19b–4 printing in the Commission’s Public
in particular, in that it is designed to thereunder.9 Reference Room, 100 F Street NE.,
promote just and equitable principles of At any time within 60 days of the Washington, DC 20549, on official
trade, to remove impediments to and filing of the proposed rule change, the business days between the hours of
perfect the mechanism of a free and Commission summarily may 10:00 a.m. and 3:00 p.m. Copies of the
open market and a national market temporarily suspend such rule change if filing also will be available for
system, and, in general to protect it appears to the Commission that such inspection and copying at the principal
investors and the public interest. The action is: (i) Necessary or appropriate in office of the Exchange. All comments
proposed change adopts a bid/ask the public interest; (ii) for the protection received will be posted without change;
differential for market makers for in-the- of investors; or (iii) otherwise in the Commission does not edit personal
money series where the market for the furtherance of the purposes of the Act. identifying information from
underlying security is wider than $5 If the Commission takes such action, the submissions. You should submit only
that is consistent with ISE Rule Commission shall institute proceedings information that you wish to make
803(b)(4)(i). Nasdaq also believes that to determine whether the proposed rule available publicly. All submissions
the proposal is consistent with the Act should be approved or disapproved. should refer to File Number SR–
because measuring the permissible NASDAQ–2017–020, and should be
width of a market maker’s quote against IV. Solicitation of Comments
submitted on or before March 23, 2017.
the NBBO more accurately reflects the Interested persons are invited to For the Commission, by the Division
current trading environment where submit written data, views, and of Trading and Markets, pursuant to
multiple trading venues contribute to arguments concerning the foregoing, delegated authority.10
the prevailing market price of a security including whether the proposed rule
underlying an options series traded on change is consistent with the Act. Robert W. Errett,
Nasdaq. Comments may be submitted by any of Deputy Secretary.
the following methods: [FR Doc. 2017–04035 Filed 3–1–17; 8:45 am]
B. Self-Regulatory Organization’s
BILLING CODE 8011–01–P
Statement on Burden on Competition Electronic Comments
The Exchange does not believe that • Use the Commission’s Internet
the proposed rule change will impose comment form (http://www.sec.gov/ SECURITIES AND EXCHANGE
any burden on competition not rules/sro.shtml); or COMMISSION
necessary or appropriate in furtherance • Send an email to rule-comments@
of the purposes of the Act. The sec.gov. Please include File Number SR– Proposed Collection; Comment
proposed change will adopt the same NASDAQ–2017–020 on the subject line. Request
requirement as ISE Rule 803(b)(4)(i), Upon Written Request, Copies Available
and will apply the same standard to all Paper Comments
From: Securities and Exchange
Market Makers for in-the-money series • Send paper comments in triplicate Commission, Office of FOIA Services,
where the market for the underlying to Secretary, Securities and Exchange 100 F Street NE., Washington, DC
security is wider than $5. Commission, 100 F Street NE., 20549–2736.
Washington, DC 20549–1090.
C. Self-Regulatory Organization’s Extension:
Statement on Comments on the All submissions should refer to File Investor Form; SEC File No. 270–485, OMB
Proposed Rule Change Received From Number SR–NASDAQ–2017–020. This Control No. 3235–0547.
Members, Participants, or Others file number should be included on the
Notice is hereby given pursuant to the
subject line if email is used. To help the
No written comments were either Paperwork Reduction Act of 1995 (44
Commission process and review your
solicited or received. U.S.C. 3501 et seq.) that the Securities
comments more efficiently, please use
and Exchange Commission
III. Date of Effectiveness of the only one method. The Commission will
(‘‘Commission’’) is soliciting comments
Proposed Rule Change and Timing for post all comments on the Commission’s
on the collection of information
Commission Action Internet Web site (http://www.sec.gov/
summarized below. The Commission
rules/sro.shtml). Copies of the
Because the foregoing proposed rule plans to submit this existing collection
submission, all subsequent
change does not: (i) Significantly affect of information to the Office of
amendments, all written statements
the protection of investors or the public Management and Budget (‘‘OMB’’) for
with respect to the proposed rule
extension and approval.
change that are filed with the
5 For example, if the primary market for ABC has
Each year the Commission receives
a quote of $65 (bid)–$73 (offer), Nasdaq market Commission, and all written
several thousand contacts from
makers currently may quote in-the-money option
sradovich on DSK3GMQ082PROD with NOTICES

series on that security with a bid/offer differential 8 15 U.S.C. 78s(b)(3)(A)(iii).
investors who have complaints or
of $8, even if other exchanges that trade ABC may 9 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– questions on a wide range of
collectively have a higher bid of $66 and a lower 4(f)(6) requires a self-regulatory organization to give investment-related issues. To make it
offer of $72. Under the proposed rule, Nasdaq the Commission written notice of its intent to file easier for the public to contact the
market makers would be required to quote in-the- the proposed rule change at least five business days
money option series on ABC with a bid/offer agency electronically, the Commission’s
prior to the date of filing of the proposed rule
differential of no more than $6. change, or such shorter time as designated by the Office of Investor Education and
6 15 U.S.C. 78f(b).
Commission. The Exchange has satisfied this
7 15 U.S.C. 78f(b)(5). requirement. 10 17 CFR 200.30–3(a)(12).

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12378 Federal Register / Vol. 82, No. 40 / Thursday, March 2, 2017 / Notices

Advocacy (‘‘OIEA’’) created an Written comments are invited on: (a) Rules relating to Market Maker
electronic form (the Investor Form) that Whether the proposed collection of Quotations.
provides drop down options to choose information is necessary for the proper The text of the proposed rule change
from in order to categorize the investor’s performance of the functions of the is available on the Exchange’s Web site
complaint or question, and may also agency, including whether the at http://nasdaqbx.cchwallstreet.com/,
provide the investor with automated information will have practical utility; at the principal office of the Exchange,
information about their issue. The (b) the accuracy of the agency’s estimate and at the Commission’s Public
Investor Form asks investors to provide of the burden of the collection of Reference Room.
information concerning, among other information; (c) ways to enhance the
II. Self-Regulatory Organization’s
things, their names, how they can be quality, utility, and clarity of the
reached, the names of the individuals or information collected; and (d) ways to Statement of the Purpose of, and
entities involved, the nature of their minimize the burden of the collection of Statutory Basis for, the Proposed Rule
complaint or tip, what documents they information on respondents, including Change
can provide, and what, if any, actions through the use of automated collection In its filing with the Commission, the
they have taken. Use of the Investor techniques or other forms of information Exchange included statements
Form is voluntary. Absent the forms, the technology. Consideration will be given concerning the purpose of and basis for
public still has several ways to contact to comments and suggestions submitted the proposed rule change and discussed
the agency, including telephone, in writing within 60 days of this any comments it received on the
facsimile, letters, and email. Investors publication. proposed rule change. The text of these
can access the Investor Form through Please direct your written comments statements may be examined at the
the consolidated Investor Complaint to Pamela C. Dyson, Chief Information places specified in Item IV below. The
and Question Web page. Officer, Securities and Exchange Exchange has prepared summaries, set
OIEA receives approximately 20,000 Commission, c/o Remi Pavlik-Simon, forth in sections A, B, and C below, of
contacts each year through the Investor 100 F St. NE., Washington, DC 20549; or the most significant aspects of such
Form. Investors who choose not to use send an email to: PRA_Mailbox@ statements.
the Investor Form receive the same level sec.gov.
of service as those who do. The dual A. Self-Regulatory Organization’s
Dated: February 24, 2017. Statement of the Purpose of, and the
purpose of the form is to make it easier Robert W. Errett,
for the public to contact the agency with Statutory Basis for, the Proposed Rule
Deputy Secretary. Change
complaints, questions, tips, or other
[FR Doc. 2017–04023 Filed 3–1–17; 8:45 am]
feedback and to further streamline the 1. Purpose
BILLING CODE 8011–01–P
workflow of Commission staff that
BX is proposing to amend Chapter
record, process, and respond to investor
VII, Section 6 of the Options Rules
contacts.
The Commission uses the information SECURITIES AND EXCHANGE relating to Market Maker Quotations to
that investors supply on the Investor COMMISSION amend the quote spread parameters for
Form to review and process the contact [Release No. 34–80104; File No. SR–BX– in-the-money series where the market
(which may, in turn, involve responding 2017–011] for the underlying security is wider than
to questions, processing complaints, or, $5. Currently, Chapter VII, Section 6
as appropriate, initiating enforcement Self-Regulatory Organizations; states that options on equities
investigations), to maintain a record of NASDAQ BX, Inc.; Notice of Filing and (including Exchange-Traded Fund
contacts, to track the volume of investor Immediate Effectiveness of Proposed Shares), and index options must be
complaints, and to analyze trends. Use Rule Change To Amend Chapter VII, quoted with a difference not to exceed
of the Investor Form is voluntary. The Section 6 of the Options Rules $5 between the bid and offer regardless
Investor Form asks investors to provide Relating to Market Maker Quotations of the price of the bid, including before
information concerning, among other and during the opening. However,
February 24, 2017.
things, their names, how they can be respecting in-the-money series where
Pursuant to Section 19(b)(1) of the the market for the underlying security is
reached, the names of the individuals or Securities Exchange Act of 1934
entities involved, the nature of their wider than $5, the bid/ask differential
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 may be as wide as the quotation for the
complaint or tip, what documents they notice is hereby given that on February
can provide, and what, if any, actions underlying security on the primary
14, 2017, NASDAQ BX, Inc. (‘‘BX’’ or market. BX proposes to change this
they have taken. ‘‘Exchange’’) filed with the Securities
The staff of the Commission estimates provision so that, for in-the-money
and Exchange Commission (‘‘SEC’’ or
that the total reporting burden for using series where the market for the
‘‘Commission’’) the proposed rule
the Investor Form is 5,000 hours. The underlying security is wider than $5,
change as described in Items I, II, and
calculation of this estimate depends on the bid/ask differential may be as wide
III, below, which Items have been
the number of investors who use the as the spread between the national best
prepared by the Exchange. The
forms each year and the estimated time bid and offer (‘‘NBBO’’) in the
Commission is publishing this notice to
it takes to complete the forms: 20,000 underlying security.
solicit comments on the proposed rule
respondents × 15 minutes = 5,000 change from interested persons.
BX is proposing this change so that
burden hours. Chapter VII, Section 6 will be consistent
The Commission may not conduct or I. Self-Regulatory Organization’s with Rule 803(b)(4)(i) of the
sradovich on DSK3GMQ082PROD with NOTICES

sponsor a collection of information Statement of the Terms of Substance of International Securities Exchange, LLC
unless it displays a currently valid the Proposed Rule Change (‘‘ISE’’) in this regard.3 Pursuant to the
control number. No person shall be The Exchange proposes to amend 3 ISE Rule 803(b)(4)(i) rule provides that (i) the
subject to any penalty for failing to Chapter VII, Section 6 of the Options bid/offer differentials stated in subparagraph (b)(4)
comply with a collection of information of this Rule shall not apply to in-the-money options
subject to the PRA that does not display 1 15 U.S.C. 78s(b)(1). series where the underlying securities market is
a valid OMB control number. 2 17 CFR 240.19b–4. wider than the differentials set forth above. For

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Document Created: 2017-03-02 00:09:28
Document Modified: 2017-03-02 00:09:28
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		82 FR 12377