82 FR 13526 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 47 (March 13, 2017)

Page Range		13526-13527
FR Document		2017-04865

Federal Register, Volume 82 Issue 47 (Monday, March 13, 2017)

[Federal Register Volume 82, Number 47 (Monday, March 13, 2017)]
[Notices]
[Pages 13526-13527]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-04865]


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SECURITIES AND EXCHANGE COMMISSION

[Extension: Rule 102; SEC File No. 270-409, OMB Control No. 3235-0467]


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.


[[Page 13527]]


    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 102 
of Regulation M (17 CFR 242.102), under the Securities Exchange Act of 
1934 (15 U.S.C. 78a et seq.).
    Rule 102 prohibits distribution participants, issuers, and selling 
security holders from purchasing activities at specified times during a 
distribution of securities. Persons otherwise covered by these rules 
may seek to use several applicable exceptions such as an exclusion for 
actively traded reference securities and the maintenance of policies 
regarding information barriers between their affiliates.
    There are approximately 998 respondents per year that require an 
aggregate total of 1,898 hours to comply with this rule. Each 
respondent makes an estimated 1 annual response. Each response takes on 
average approximately 1.902 hours to complete. Thus, the total 
compliance burden per year is 1,898 burden hours. The total internal 
compliance cost for all respondents is approximately $123,370.00, 
resulting in a cost of compliance per respondent of approximately 
$124.00 (i.e., $123,370.00/998 responses).
    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 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: March 8, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-04865 Filed 3-10-17; 8:45 am]
 BILLING CODE 8011-01-P

13526 Federal Register / Vol. 82, No. 47 / Monday, March 13, 2017 / Notices

officers such that management has the believe that the proposed rule change and Exchange Commission, 100 F Street
capacity to continue carrying out OCC’s would impose any burden or have any NE., Washington, DC 20549–1090.
affairs even if a particular officer is impact on competition. The proposed All submissions should refer to File
absent or disabled. Moreover, OCC rule change would implement certain Number SR–OCC–2017–002. This file
believes the proposed management leadership changes within OCC’s number should be included on the
structure changes would provide clear management to have the Executive subject line if email is used. To help the
and transparent governance Chairman also serve as OCC’s CEO, Commission process and review your
arrangements designed to improve reallocate the President’s duties and comments more efficiently, please use
OCC’s ability to serve Clearing Members powers among the Executive Chairman, only one method. The Commission will
and the markets for which it clears and COO and CAO, authorize the COO and post all comments on the Commission’s
thereby fulfill the public interest CAO to take action or grant exceptions Internet Web site (http://www.sec.gov/
requirements in Section 17A of the under certain conditions, and de-couple rules/sro.shtml). Copies of the
Act 23 and support the objectives of the positions of Treasurer and CFO. submission, all subsequent
owners and participants consistent with This proposed rule change would not amendments, all written statements
Rule 17Ad–2(d)(8).24 inhibit access to OCC’s services or with respect to the proposed rule
In addition, OCC believes that disadvantage or favor any particular change that are filed with the
centralizing the definition of user in relationship to another. As a Commission, and all written
‘‘Designated Officer’’ in Article I, result, OCC believes the proposed rule communications relating to the
Section 1 and making other clarifying, change would not impact or impose a proposed rule change between the
conforming and clean-up changes to burden on competition. Commission and any person, other than
OCC’s governing documents would
(C) Clearing Agency’s Statement on those that may be withheld from the
promote organizational consistency and
Comments on the Proposed Rule public in accordance with the
clarity in OCC’s legal framework to
Change Received From Members, provisions of 5 U.S.C. 552, will be
ensure that it remains well-founded,
Participants or Others available for Web site viewing and
transparent and enforceable in all
printing in the Commission’s Public
relevant jurisdictions in accordance Written comments were not and are Reference Room, 100 F Street NE.,
with Rule 17Ad–22(d)(1).25 not intended to be solicited with respect
Finally, recently adopted Rule 17Ad– Washington, DC 20549, on official
to the proposed rule change and none business days between the hours of
22(e)(2) 26 requires covered clearing have been received.
agencies to maintain written policies 10:00 a.m. and 3:00 p.m. Copies of such
and procedures reasonably designed to, III. Date of Effectiveness of the filing also will be available for
among other things, provide for Proposed Rule Change and Timing for inspection and copying at the principal
governance arrangements that are clear Commission Action office of OCC and on OCC’s Web site at
and transparent and specify clear and http://www.theocc.com/components/
Within 45 days of the date of docs/legal/rules_and_bylaws/sr_occ_17_
direct lines of responsibility. OCC publication of this notice in the Federal
believes that the proposed amendments 002.pdf.
Register or within such longer period All comments received will be posted
to its By-Laws, Rules, charters and up to 90 days (i) as the Commission may
policies would provide explicit, clear, without change; the Commission does
designate if it finds such longer period not edit personal identifying
and transparent statements of the to be appropriate and publishes its
responsibilities of its Executive information from submissions. You
reasons for so finding or (ii) as to which should submit only information that
Chairman/CEO, COO and CAO within the self-regulatory organization
the overall management structure of you wish to make available publicly.
consents, the Commission will: All submissions should refer to File
OCC in accordance with Rule 17Ad–
(A) By order approve or disapprove Number SR–OCC–2017–002 and should
22(e)(2).
The proposed rule change is not the proposed rule change, or be submitted on or before April 3, 2017.
inconsistent with the existing rules of (B) institute proceedings to determine For the Commission, by the Division of
OCC, including any other rules whether the proposed rule change Trading and Markets, pursuant to delegated
proposed to be amended. should be disapproved. authority.28
IV. Solicitation of Comments Eduardo A. Aleman,
(B) Clearing Agency’s Statement on
Assistant Secretary.
Burden on Competition Interested persons are invited to [FR Doc. 2017–04816 Filed 3–10–17; 8:45 am]
Section 17A(b)(3)(I) of the Act submit written data, views and
BILLING CODE 8011–01–P
requires that the rules of a clearing arguments concerning the foregoing,
agency not impose any burden on including whether the proposed rule
competition not necessary or change is consistent with the Act. SECURITIES AND EXCHANGE
appropriate in furtherance of the Comments may be submitted by any of COMMISSION
purposes of the Act.27 OCC does not the following methods:
[Extension: Rule 102; SEC File No. 270–
23 15
Electronic Comments 409, OMB Control No. 3235–0467]
U.S.C. 78q–1.
24 17 CFR 240.17Ad–22(d)(8).
• Use the Commission’s Internet
Submission for OMB Review;
25 17 CFR 240.17Ad–22(d)(1). For the same
comment form (http://www.sec.gov/
reasons, OCC believes that the proposed change Comment Request
rules/sro.shtml); or
mstockstill on DSK3G9T082PROD with NOTICES

also is consistent with recently adopted Rule 17Ad–
22(e)(1), which requires covered clearing agencies • Send an email to rule-comments@ Upon Written Request, Copies Available
to maintain written policies and procedures sec.gov. Please include File Number SR– From: Securities and Exchange
reasonably designed to provide for a well-founded, OCC–2017–002 on the subject line. Commission, Office of FOIA Services,
clear, transparent, and enforceable legal basis for
100 F Street NE., Washington, DC
each aspect of its activities in all relevant Paper Comments
jurisdictions. 17 CFR 240.17Ad–22(e)(1). 20549–2736.
26 17 CFR 240.17Ad–22(e)(2). • Send paper comments in triplicate
27 15 U.S.C. 78q–1(b)(3)(I). to Brent J. Fields, Secretary, Securities 28 17 CFR 200.30–3(a)(12).

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Federal Register / Vol. 82, No. 47 / Monday, March 13, 2017 / Notices 13527

Notice is hereby given that pursuant Dated: March 8, 2017. Office Building, Washington, DC 20503
to the Paperwork Reduction Act of 1995 Eduardo A. Aleman, or by sending an email to: Shagufta_
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the Assistant Secretary. Ahmed@omb.eop.gov; and (ii) Pamela
Securities and Exchange Commission [FR Doc. 2017–04865 Filed 3–10–17; 8:45 am] Dyson, Director/Chief Information
(‘‘Commission’’) has submitted to the BILLING CODE 8011–01–P
Officer, c/o Remi Pavlik-Simon, 100 F
Office of Management and Budget Street NE., Washington, DC 20549 or by
(‘‘OMB’’) a request for approval of sending an email to: PRA_Mailbox@
extension of the previously approved SECURITIES AND EXCHANGE sec.gov. Comments must be submitted
collection of information provided for in COMMISSION within 30 days of this notice.
Rule 102 of Regulation M (17 CFR Dated: March 8, 2017.
[Extension: Rule 103; SEC File No. 270–
242.102), under the Securities Exchange 410, OMB Control No. 3235–0466] Eduardo A. Aleman,
Act of 1934 (15 U.S.C. 78a et seq.). Assistant Secretary.
Rule 102 prohibits distribution Submission for OMB Review; [FR Doc. 2017–04866 Filed 3–10–17; 8:45 am]
participants, issuers, and selling Comment Request BILLING CODE 8011–01–P

security holders from purchasing Upon Written Request, Copies Available
activities at specified times during a From: Securities and Exchange SECURITIES AND EXCHANGE
distribution of securities. Persons Commission, Office of FOIA Services, COMMISSION
otherwise covered by these rules may 100 F Street NE., Washington, DC
seek to use several applicable 20549–2736. [Release No. 34–80167; File No SR–CBOE–
exceptions such as an exclusion for 2017–017]
Notice is hereby given that pursuant
actively traded reference securities and to the Paperwork Reduction Act of 1995 Self-Regulatory Organizations;
the maintenance of policies regarding (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the Chicago Board Options Exchange,
information barriers between their Securities and Exchange Commission Incorporated; Notice of Filing of a
affiliates. (‘‘Commission’’) has submitted to the Proposed Rule Change To Amend the
There are approximately 998 Office of Management and Budget Bylaws and Certificate of Incorporation
respondents per year that require an (‘‘OMB’’) a request for approval of
extension of the previously approved March 7, 2017.
aggregate total of 1,898 hours to comply Pursuant to Section 19(b)(1) of the
with this rule. Each respondent makes collection of information provided for in
Rule 103 of Regulation M (17 CFR Securities Exchange Act of 1934 (the
an estimated 1 annual response. Each ‘‘Act’’),1 and Rule 19b–4 thereunder,2
242.103), under the Securities Exchange
response takes on average notice is hereby given that on February
Act of 1934 (15 U.S.C. 78a et seq.).
approximately 1.902 hours to complete. Rule 103 permits passive market- 22, 2017, Chicago Board Options
Thus, the total compliance burden per making in Nasdaq securities during a Exchange, Incorporated (the ‘‘Exchange’’
year is 1,898 burden hours. The total distribution. A distribution participant or ‘‘CBOE’’) filed with the Securities
internal compliance cost for all that seeks use of this exception would and Exchange Commission (the
respondents is approximately be required to disclose to third parties ‘‘Commission’’) the proposed rule
$123,370.00, resulting in a cost of its intention to engage in passive market change as described in Items I and II
compliance per respondent of making. below, which Items have been prepared
approximately $124.00 (i.e., There are approximately 309 by the Exchange. The Commission is
$123,370.00/998 responses). respondents per year that require an publishing this notice to solicit
aggregate total of 309 hours to comply comments on the proposed rule change
An agency may not conduct or
with this rule. Each respondent makes from interested persons.
sponsor, and a person is not required to
respond to, a collection of information an estimated 1 response annually. Each I. Self-Regulatory Organization’s
under the PRA unless it displays a response takes approximately 1 hour to Statement of the Terms of Substance of
currently valid OMB control number. complete. Thus, the total hourly burden the Proposed Rule Change
per year is 309 hours. The total The Exchange proposes to amend its
The public may view background estimated internal labor cost of
documentation for this information Bylaws and Certificate of Incorporation.
compliance for the respondents is The text of the proposed rule change is
collection at the following Web site: approximately $20,085.00 per year,
www.reginfo.gov. Comments should be available on the Exchange’s Web site
resulting in an estimated internal labor (http://www.cboe.com/AboutCBOE/
directed to: (i) Desk Officer for the cost of compliance per response of CBOELegalRegulatoryHome.aspx), at
Securities and Exchange Commission, approximately $65.00 (i.e., $20,085.00/ the Exchange’s Office of the Secretary,
Office of Information and Regulatory 309 responses). and at the Commission’s Public
Affairs, Office of Management and An agency may not conduct or Reference Room.
Budget, Room 10102, New Executive sponsor, and a person is not required to
Office Building, Washington, DC 20503 respond to, a collection of information II. Self-Regulatory Organization’s
or by sending an email to: Shagufta_ under the PRA unless it displays a Statement of the Purpose of, and
Ahmed@omb.eop.gov; and (ii) Pamela currently valid OMB control number. Statutory Basis for, the Proposed Rule
Dyson, Director/Chief Information The public may view background Change
documentation for this information
mstockstill on DSK3G9T082PROD with NOTICES

Officer, Securities and Exchange In its filing with the Commission, the
Commission, c/o Remi Pavlik-Simon, collection at the following Web site: Exchange included statements
100 F Street NE., Washington, DC 20549 www.reginfo.gov. Comments should be concerning the purpose of and basis for
or by sending an email to: PRA_ directed to: (i) Desk Officer for the the proposed rule change and discussed
Mailbox@sec.gov. Comments must be Securities and Exchange Commission, any comments it received on the
submitted to OMB within 30 days of Office of Information and Regulatory
Affairs, Office of Management and 1 15 U.S.C. 78s(b)(1).
this notice.
Budget, Room 10102, New Executive 2 17 CFR 240.19b–4.

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Document Created: 2018-02-01 14:57:57
Document Modified: 2018-02-01 14:57:57

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 13526