82 FR 14065 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 50 (March 16, 2017)

Page Range		14065-14066
FR Document		2017-05275

Federal Register, Volume 82 Issue 50 (Thursday, March 16, 2017)

[Federal Register Volume 82, Number 50 (Thursday, March 16, 2017)]
[Notices]
[Pages 14065-14066]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-05275]


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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:
    Schedule TO, OMB Control No. 3235-0515, SEC File No. 270-456

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.), 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 for extension and approval.
    Schedule TO (17 CFR 240.14d-100) must be filed by a reporting 
company that makes a tender offer for its own securities. Also, persons 
other than the reporting company making a tender offer for equity 
securities registered under Section 12 of the Exchange Act (15 U.S.C. 
78l) (which offer, if consummated, would cause that person to own over 
5% of that class of the securities) must file Schedule TO. The purpose 
of Schedule TO is to improve communications between public companies 
and investors before companies file registration statements involving 
tender offer statements. Schedule TO takes approximately 43.5

[[Page 14066]]

hours per response and is filed by approximately 816 issuers annually. 
We estimate that 50% of the 43.5 hours per response (21.75 hours) is 
prepared by the issuer for an annual reporting burden of 17,748 hours 
(21.75 hours per response x 816 responses).
    Written comments are invited on: (a) Whether this 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 
imposed by 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.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    Please direct your written comment to Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send an email 
to: [email protected].

    Dated: March 13, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-05275 Filed 3-15-17; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 50 / Thursday, March 16, 2017 / Notices 14065

C. Self-Regulatory Organization’s and designates the proposed rule change Washington, DC 20549 on official
Statement on Comments on the as operative upon filing.11 business days between the hours of
Proposed Rule Change Received From At any time within 60 days of the 10:00 a.m. and 3:00 p.m. Copies of such
Members, Participants, or Others filing of such proposed rule change, the filing also will be available for
Commission summarily may inspection and copying at the principal
No written comments were either temporarily suspend such rule change if office of the Exchange. All comments
solicited or received. it appears to the Commission that such received will be posted without change;
III. Date of Effectiveness of the action is necessary or appropriate in the the Commission does not edit personal
Proposed Rule Change and Timing for public interest, for the protection of identifying information from
Commission Action investors, or otherwise in furtherance of submissions. You should submit only
the purposes of the Act. If the information that you wish to make
The Exchange has filed the proposed Commission takes such action, the available publicly. All submissions
rule change pursuant to Section Commission shall institute proceedings should refer to File Number SR–
19(b)(3)(A)(iii) of the Act 7 and Rule under Section 19(b)(2)(B) 12 of the Act to NASDAQ–2017–021, and should be
19b–4(f)(6) thereunder.8 Because the determine whether the proposed rule submitted on or before April 6, 2017.
proposed rule change does not: (i) change should be approved or For the Commission, by the Division of
Significantly affect the protection of disapproved. Trading and Markets, pursuant to delegated
investors or the public interest; (ii) IV. Solicitation of Comments authority.13
impose any significant burden on
competition; and (iii) become operative Interested persons are invited to Eduardo A. Aleman,
prior to 30 days from the date on which submit written data, views, and Assistant Secretary.
it was filed, or such shorter time as the arguments concerning the foregoing,
[FR Doc. 2017–05224 Filed 3–15–17; 8:45 am]
Commission may designate, if including whether the proposed rule
BILLING CODE 8011–01–P
consistent with the protection of change is consistent with the Act.
investors and the public interest, the Comments may be submitted by any of
proposed rule change has become the following methods: SECURITIES AND EXCHANGE
effective pursuant to Section 19(b)(3)(A) Electronic Comments COMMISSION
of the Act and Rule 19b–4(f)(6)(iii)
• Use the Commission’s Internet Proposed Collection; Comment
thereunder. comment form (http://www.sec.gov/
A proposed rule change filed under Request
rules/sro.shtml); or
Rule 19b–4(f)(6) under the Act 9 • Send an email to rule-comments@ Upon Written Request Copies Available
normally does not become operative sec.gov. Please include File Number SR– From: Securities and Exchange
prior to 30 days after the date of the NASDAQ–2017–021 on the subject line. Commission, Office of FOIA Services,
filing. However, pursuant to Rule 19b– 100 F Street NE., Washington, DC
Paper Comments
4(f)(6)(iii),10 the Commission may 20549–2736.
designate a shorter time if such action • Send paper comments in triplicate
Extension:
is consistent with the protection of to Brent J. Fields, Secretary, Securities Schedule TO, OMB Control No. 3235–
investors and the public interest. The and Exchange Commission, 100 F Street 0515, SEC File No. 270–456
Exchange has asked the Commission to NE., Washington, DC 20549–1090.
Notice is hereby given that, pursuant
waive the 30-day operative delay so that All submissions should refer to File to the Paperwork Reduction Act of 1995
the proposal may become operative Number SR–NASDAQ–2017–021. This (44 U.S.C. 3501 et seq.), the Securities
upon filing. The Exchange has stated file number should be included on the and Exchange Commission
that it is requesting this waiver so that subject line if email is used. To help the (‘‘Commission’’) is soliciting comments
it may implement the proposed rule Commission process and review your on the collection of information
change at the earliest point in time comments more efficiently, please use summarized below. The Commission
possible. The Exchange further stated only one method. The Commission will plans to submit this existing collection
that the proposed rule change promotes post all comments on the Commission’s of information to the Office of
the protection of investors and the Internet Web site (http://www.sec.gov/ Management and Budget for extension
public interest by imposing more rules/sro.shtml). Copies of the and approval.
immediate and significant sanctions for submission, all subsequent Schedule TO (17 CFR 240.14d–100)
violations of Exchange rules. amendments, all written statements must be filed by a reporting company
The Commission believes that with respect to the proposed rule that makes a tender offer for its own
waiving the 30-day operative delay is change that are filed with the securities. Also, persons other than the
consistent with the protection of Commission, and all written reporting company making a tender
investors and the public interest. The communications relating to the offer for equity securities registered
Commission notes that the proposal proposed rule change between the under Section 12 of the Exchange Act
harmonizes the Exchange’s schedule of Commission and any person, other than (15 U.S.C. 78l) (which offer, if
fines with respect to position limit those that may be withheld from the consummated, would cause that person
violations with fines currently imposed public in accordance with the to own over 5% of that class of the
by other exchanges, and thus does not provisions of 5 U.S.C. 552, will be securities) must file Schedule TO. The
available for Web site viewing and purpose of Schedule TO is to improve
mstockstill on DSK3G9T082PROD with NOTICES

raise any new or novel issues. For this
reason, the Commission hereby waives printing in the Commission’s Public communications between public
the 30-day operative delay requirement Reference Room, 100 F Street NE., companies and investors before
companies file registration statements
11 For purposes only of waiving the 30-day
7 15 U.S.C. 78s(b)(3)(A)(iii). operative delay, the Commission has considered the
involving tender offer statements.
8 17 CFR 240.19b–4(f)(6). proposed rule’s impact on efficiency, competition, Schedule TO takes approximately 43.5
9 Id. and capital formation. See 15 U.S.C. 78c(f).
10 17 CFR 240.19b–4(f)(6)(iii). 12 15 U.S.C. 78s(b)(2)(B). 13 17 CFR 200.30–3(a)(12).

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Document Created: 2017-03-16 02:18:46
Document Modified: 2017-03-16 02:18:46

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 14065