82_FR_17768 82 FR 17699 - Proposed Collection; Comment Request

82 FR 17699 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 69 (April 12, 2017)

Page Range17699-17700
FR Document2017-07300

Federal Register, Volume 82 Issue 69 (Wednesday, April 12, 2017) 
[Federal Register Volume 82, Number 69 (Wednesday, April 12, 2017)]
[Notices]
[Pages 17699-17700]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-07300]


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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 
20549-0213

Extension:
    Rule 22d-1, OMB Control No. 3235-0310, SEC File No. 270-275

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (``Paperwork Reduction Act'') (44 U.S.C. 3501-3520), the 
Securities and Exchange Commission (the ``Commission'') is soliciting 
comments on the collections 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.
    Rule 22d-1 under the Investment Company Act of 1940 (the ``1940 
Act'') (17 CFR 270.22d-1) provides registered investment companies that 
issue redeemable securities (``funds'') an exemption from section 22(d) 
of the 1940 Act (15 U.S.C. 80a-22(d)) to the extent necessary to permit 
scheduled variations in or elimination of the sales load on fund 
securities for particular classes of investors or transactions, 
provided certain conditions are met. The rule imposes an annual burden 
per series of a fund of approximately 15 minutes, so that the total 
annual burden for the approximately 4,509 series of funds that might 
rely on the rule is estimated to be 1127.25 hours.
    The estimate of average burden hours is made solely for the 
purposes of the Paperwork Reduction Act. The estimate is based on 
communications with industry representatives, and is not derived from a 
comprehensive or even a representative survey or study. Responses will 
not be kept confidential. 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 OMB control number.
    Written comments are invited on: (a) Whether the collection of 
information is necessary for the proper performance of the functions of 
the Commission, including whether the information has practical 
utility; (b) the accuracy of the Commission's estimate of the burden(s) 
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 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].


[[Page 17700]]


    Dated: April 6, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-07300 Filed 4-11-17; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 69 / Wednesday, April 12, 2017 / Notices 17699 Office of Management and Budget, 2016. OSC is requesting emergency (‘‘Paperwork Reduction Act’’) (44 U.S.C. Attention: Desk Officer for OSC, New approval and reinstatement without 3501–3520), the Securities and Executive Office Building, Room 10235, change of this previously approved Exchange Commission (the Washington, DC 20503; or by email via: collection of information. As with the ‘‘Commission’’) is soliciting comments oira_submission@omb.eop.gov. prior approved survey, this survey will on the collections of information FOR FURTHER INFORMATION CONTACT: be hosted by Survey Monkey (https:// summarized below. The Commission Kenneth Hendricks, Clerk of the U.S. www.surveymonkey.com). plans to submit this existing collection Office of Special Counsel, by telephone The survey questionnaires are of information to the Office of at (202) 254–3600, or by email at available for review on line at https:// Management and Budget for extension khendricks@osc.gov. osc.gov/Resources/ and approval. SUPPLEMENTARY INFORMATION: Current Survey%20Samples%202017.pdf or by Rule 22d–1 under the Investment and former Federal employees, calling OSC at (202) 254–3600. Company Act of 1940 (the ‘‘1940 Act’’) employee representatives, other Federal Type of Information Collection (17 CFR 270.22d–1) provides registered agencies, state and local government Request: Reinstatement without change investment companies that issue employees, and the general public are of a previously approved collection of redeemable securities (‘‘funds’’) an invited to comment on: (a) Whether the information that expired on November exemption from section 22(d) of the proposed collection of information is 30, 2016. 1940 Act (15 U.S.C. 80a–22(d)) to the necessary for the proper performance of Affected public: Filers (or their extent necessary to permit scheduled OSC functions, including whether the representatives) seeking OSC services variations in or elimination of the sales information will have practical utility; through: (1) Complaints alleging load on fund securities for particular (b) the accuracy of OSC’s estimate of the prohibited personnel practice or Hatch classes of investors or transactions, burden of the proposed collections of Act violations; or (2) disclosures of provided certain conditions are met. information; (c) ways to enhance the information alleging violation of law, The rule imposes an annual burden per quality, utility, and clarity of the rule, or regulation. series of a fund of approximately 15 Respondent’s Obligation: Voluntary. information to be collected; and (d) minutes, so that the total annual burden Estimated Annual Number of Survey ways to minimize the burden of the for the approximately 4,509 series of Form Respondents: 500. collection of information on Frequency of Survey form use: funds that might rely on the rule is respondents, including through the use Annual. estimated to be 1127.25 hours. of automated collection techniques or Estimated Average Amount of Time The estimate of average burden hours other forms of information technology. for a Person to Respond to survey: 12 is made solely for the purposes of the OSC is an independent agency Paperwork Reduction Act. The estimate minutes. responsible for among other things, (1) Estimated Annual Survey Burden: 100 is based on communications with investigation of allegations of prohibited hours. industry representatives, and is not personnel practices defined by law at 5 OSC will use the questionnaires to derived from a comprehensive or even U.S.C. 2302(b), protection of survey filers, whose matters OSC closed a representative survey or study. whistleblowers, and certain other illegal or otherwise resolved during the prior Responses will not be kept confidential. employment practices under titles 5 and fiscal year, on their experience at OSC. An agency may not conduct or sponsor, 38 of the U.S. Code, affecting current or Specifically, the survey asks questions and a person is not required to respond former Federal employees or applicants relating to whether the respondent was: to, a collection of information unless it for employment, and covered state and (1) Apprised of his or her rights; (2) displays a currently valid OMB control local government employees; and (2) the successful at the OSC or at the Merit number. interpretation and enforcement of Hatch Systems Protection Board; and (3) Act provisions on political activity in Written comments are invited on: (a) satisfied with the treatment received at Whether the collection of information is chapters 15 and 73 of title 5 of the U.S. the OSC. Code. OSC is required to conduct an necessary for the proper performance of annual survey of individuals who seek Dated: April 6, 2017. the functions of the Commission, its assistance. Section 13 of Public Law Bruce Gipe, including whether the information has 103–424 (1994), codified at 5 U.S.C. Chief Operating Officer. practical utility; (b) the accuracy of the 1212 note, states, in part: ‘‘[T]he survey [FR Doc. 2017–07281 Filed 4–11–17; 8:45 am] Commission’s estimate of the burden(s) shall—(1) determine if the individual BILLING CODE 7405–01–P of the collection of information; (c) ways seeking assistance was fully apprised of to enhance the quality, utility, and their rights; (2) determine whether the clarity of the information collected; and individual was successful either at the (d) ways to minimize the burden of the SECURITIES AND EXCHANGE Office of Special Counsel or the Merit collection of information on COMMISSION Systems Protection Board; and (3) respondents, including through the use determine if the individual, whether Proposed Collection; Comment of automated collection techniques or successful or not, was satisfied with the Request other forms of information technology. treatment received from the Office of Consideration will be given to Upon Written Request, Copies Available comments and suggestions submitted in Special Counsel.’’ The same section also From: Securities and Exchange writing within 60 days of this requires OSC to publish the survey’s Commission, Office of FOIA Services, publication. results in OSC’s annual report to mstockstill on DSK30JT082PROD with NOTICES 100 F Street NE., Washington, DC Congress. Copies of prior years’ annual Please direct your written comments 20549–0213 reports are available on OSC’s Web site, to Pamela Dyson, Director/Chief at https://osc.gov/Pages/Resources- Extension: Information Officer, Securities and ReportsAndInfo.aspx or by calling OSC Rule 22d–1, OMB Control No. 3235–0310, Exchange Commission, C/O Remi at (202) 254–3600. The prior OSC SEC File No. 270–275 Pavlik-Simon, 100 F Street NE., Annual Survey, OMB Control Number Notice is hereby given that, pursuant Washington, DC 20549; or send an email 3255–0003, expired on November 30, to the Paperwork Reduction Act of 1995 to: PRA_Mailbox@sec.gov. VerDate Sep<11>2014 18:45 Apr 11, 2017 Jkt 241001 PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 E:\FR\FM\12APN1.SGM 12APN1

17700 Federal Register / Vol. 82, No. 69 / Wednesday, April 12, 2017 / Notices Dated: April 6, 2017. A. Self-Regulatory Organization’s in the Opening Process will serve as a Eduardo A. Aleman, Statement of the Purpose of, and catalyst for Members 11 to submit orders Assistant Secretary. Statutory Basis for, the Proposed Rule during the opening and improve the [FR Doc. 2017–07300 Filed 4–11–17; 8:45 am] Change liquidity available during the Exchange’s Opening Process which may BILLING CODE 8011–01–P 1. Purpose also improve prices at the opening. The Exchange proposes to amend The Exchange has two classes of SECURITIES AND EXCHANGE Exchange Rule 516, Order Types, to Members, Market Makers 12 and COMMISSION make changes to paragraph (j) related to Electronic Exchange Members.13 Market Post-Only Order 3 handling on the Makers are the primary users of Post- Exchange to simplify order entry and Only Orders on the Exchange as [Release No. 34–80384; File No. SR– enhance liquidity available at the open. discussed in more detail below. PEARL–2017–16] Additionally, the Exchange proposes to Currently, in order to provide liquidity amend Exchange Rule 504, Trading during the Opening Process, Market Self-Regulatory Organizations: MIAX Halts, to remove Interpretations and Makers must use regular orders, as PEARL, LLC; Notice of Filing and Policies .05. orders marked Post-Only will be Immediate Effectiveness of a Proposed Currently, by definition, Post-Only rejected. After the Opening Process has Rule Change To Amend MIAX PEARL Orders on MIAX PEARL do not concluded, Market Makers switch over Rules 504 and 516 to marking orders as Post-Only Orders. participate in the Opening Process,4 and April 6, 2017. Post-Only Orders received before the Market Makers use Post-Only Orders to Opening Process, during a trading halt, provide two-sided quotes to meet their Pursuant to the provisions of Section or after the market close, are rejected.5 quoting obligations as described in more 19(b)(1) of the Securities Exchange Act detail below. The Exchange believes Additionally, Post-Only Orders that of 1934 (‘‘Act’’) 1 and Rule 19b–4 that its proposal to accept Post-Only remain on the Book 6 after a trading halt thereunder,2 notice is hereby given that Orders before the Opening Process will under Rule 504 are cancelled.7 Post- on April 3, 2017, MIAX PEARL, LLC simplify the operation of the Exchange Only Orders are designed to be liquidity (‘‘MIAX PEARL’’ or ‘‘Exchange’’) filed and reduce complexity for Members that providing orders, as a Post-Only Order with the Securities and Exchange submit orders during the Opening by definition is one that will not remove Commission (‘‘Commission’’) a Process and that switch to submitting liquidity from the Book.8 proposed rule change’’) a proposed rule The Exchange now proposes to amend Post-Only Orders during regular trading. change as described in Items I, II, and certain aspects of its handling of Post- Permitting Post-Only Orders to III below, which Items have been Only Orders to allow them to participate participate in the Opening will simplify prepared by the Exchange. The in the Opening Process and to also the operational complexity for Market Commission is publishing this notice to allow Post-Only Orders to be received Makers that wish to provide liquidity solicit comments on the proposed rule by the Exchange prior to the during the Opening Process and thereby change from interested persons. commencement of the Opening Process improve prices at the open.14 I. Self-Regulatory Organization’s or during a trading halt, and to remain Market Makers have a heightened Statement of the Terms of Substance of on the Book after a trading halt, where obligation on the Exchange to maintain the Proposed Rule Change they may participate in the next a two-sided market, pursuant to Rule Opening Process.9 605(d)(1), in those option series in The Exchange is filing a proposal to The Exchange proposes to amend which the Market Maker has registered amend Exchange Rules 504 and 516. Exchange Rule 516 (j) to allow Post- to trade.15 Exchange Rule 605, Market Only Orders to participate in the Maker Quotations, details various The text of the proposed rule change Opening Process by ignoring the Post- requirements associated with a Market is available on the Exchange’s Web site at http://www.miaxoptions.com/rule- Only instruction on the order during 11 The term ‘‘Member’’ means an individual or filings/pearl at MIAX PEARL’s principal this period. This will allow Post-Only organization that is registered with the Exchange office, and at the Commission’s Public Orders to participate in the Opening pursuant to Chapter II of the MIAX PEARL Rules Reference Room. Process by removing the prior for purposes of trading on the Exchange as an restriction that a Post-Only Order not ‘‘Electronic Exchange Member’’ or ‘‘Market Maker.’’ II. Self-Regulatory Organization’s remove liquidity from the Book. As Members are deemed ‘‘members’’ under the Statement of the Purpose of, and Exchange Act. See Exchange Rule 100. proposed, during the Opening Process, 12 The term ‘‘Market Maker’’ or ‘‘MM’’ means a Statutory Basis for, the Proposed Rule Post-Only Orders will be accepted and Member registered with the Exchange for the Change provide additional liquidity as orders purpose of making markets in options contracts are matched for execution based on traded on the Exchange and that is vested with the In its filing with the Commission, the rights and responsibilities specified in Chapter VI Exchange included statements price-time priority.10 The Exchange of MIAX PEARL Rules. See Exchange Rule 100. concerning the purpose of and basis for believes that removing the prohibition 13 The term ‘‘Electronic Exchange Member’’ or the proposed rule change and discussed against Post-Only Orders participating ‘‘EEM’’ means the holder of a Trading Permit who is a Member representing as agent Public Customer any comments it received on the 3 See Orders or Non-Customer Orders on the Exchange Exchange Rule 516(j). proposed rule change. The text of these 4 See Exchange Rule 503(a)(2) and Rule 516(j). and those non-Market Maker Members conducting statements may be examined at the 5 See Exchange Rule 516(j). proprietary trading. Electronic Exchange Members are deemed ‘‘members’’ under the Exchange Act. places specified in Item IV below. The mstockstill on DSK30JT082PROD with NOTICES 6 The term ‘‘Book’’ means the electronic order See Exchange Rule 100. Exchange has prepared summaries, set book of buy and sell orders and quotes maintained 14 The Exchange notes that the proposal may forth in sections A, B, and C below, of by the System. See Exchange Rule 100. primarily benefit Market Makers as they are the 7 See Exchange Rule 504.05. the most significant aspects of such 8 See Exchange Rule 516(j). largest users of Post-Only Orders. However, Post- statements. Only Orders are available for all Members and the 9 The Exchange notes that a single Opening Exchange does not believe that the proposal raises Process is used for Openings and Re-Openings on any concerns for EEMs as the change will benefit 1 15 U.S.C. 78s(b)(1). the Exchange. See Exchange Rule 503(a)(1). any Member that uses Post-Only Orders. 2 17 CFR 240.19b–4. 10 See Exchange Rule 503(b)(2)(ii). 15 See Exchange Rule 604(a)(1). VerDate Sep<11>2014 18:45 Apr 11, 2017 Jkt 241001 PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 E:\FR\FM\12APN1.SGM 12APN1


Document Created: 2017-04-12 00:23:29
Document Modified: 2017-04-12 00:23:29
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation82 FR 17699 
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