82 FR 18943 - Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Related to Fees for Use on Bats BZX Exchange, Inc.
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 77 (April 24, 2017)
Federal Register Volume 82, Issue 77 (April 24, 2017)
| Page Range | 18943-18945 | |
| FR Document | 2017-08163 |
[Federal Register Volume 82, Number 77 (Monday, April 24, 2017)] [Notices] [Pages 18943-18945] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-08163] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-80478; File No. SR-BatsBZX-2017-22] Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Related to Fees for Use on Bats BZX Exchange, Inc. April 18, 2017. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on April 12, 2017, Bats BZX Exchange, Inc. (the ``Exchange'' or ``BZX'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I, II and III below, which Items have been prepared by the Exchange. The Exchange has designated the proposed rule change as one establishing or changing a member due, fee, or other charge imposed by the Exchange under Section 19(b)(3)(A)(ii) of the Act \3\ and Rule 19b-4(f)(2) thereunder,\4\ which renders the proposed rule change effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ 15 U.S.C. 78s(b)(3)(A)(ii). \4\ 17 CFR 240.19b-4(f)(2). --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange filed a proposal to amend the fee schedule applicable to Members \5\ and non-members of the Exchange pursuant to BZX Rules 15.1(a) and (c). --------------------------------------------------------------------------- \5\ The term ``Member'' is defined as ``any registered broker or dealer that has been admitted to membership in the Exchange.'' See Exchange Rule 1.5(n). --------------------------------------------------------------------------- The text of the proposed rule change is available at the Exchange's Web site at www.bats.com, at the principal office of the Exchange, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in Sections A, B, and C below, of the most significant parts of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend its fee schedule applicable to its equities trading platform (``BZX Equities'') to: (i) Add new tiers under footnotes 1 and 4; and (ii) eliminate tier 4 under footnote 3. Add Volume Tiers Under Footnote 1 The Exchange currently offers nine Add Volume Tiers under footnote 1, which provide an enhanced rebate of $0.0025 to $0.0032 per share for qualifying orders which yield fee codes B, V, or Y.\6\ The Exchange now proposes to add two additional tiers which will provide an enhanced rebate per share for qualifying orders which yield fee code HA.7 8 --------------------------------------------------------------------------- \6\ Fee codes B, V, and Y are appended to displayed orders that add liquidity in tape B, A, or C, respectively. See the Exchange's fee schedule available at http://www.bats.com/us/equities/membership/fee_schedule/bzx/. \7\ Fee code HA is appended to non-displayed orders which add liquidity. Id. \8\ The Exchange proposes to add additional labels to the table in footnote 1 to further clarify which tiers apply to orders yielding the differentiating fee codes. The Exchange also proposes to append footnote 1 to fee code HA in connection with this change. ---------------------------------------------------------------------------Under the proposed Non-Displayed Add Volume Tier 1, a Member may receive an enhanced rebate of $0.0020 per share where they add an ADV greater than or equal to 0.09% of the TCV, as Non-Displayed orders that yield fee codes HA or HI. Under the proposed Non-Displayed Add Volume Tier 2, a Member may receive an enhanced rebate of $0.0025 per share where they add an ADV greater than or equal to 0.18% of the TCV, as Non-Displayed orders that yield fee codes HA or HI. Single MPID Investor Tier Under Footnote 4 The Exchange currently offers one Single MPID Investor Tier under footnote 4, which provides an enhanced rebate of $0.0031 per share for qualifying orders which yield fee codes B, V, or Y. The distinction between the existing tier under footnote 4 and other tiers offered by the Exchange, is that the volume measured to determine whether a Member qualifies is performed on an MPID by MPID basis. The Exchange now proposes to add an additional single MPID tier which will provide an enhanced rebate per share for qualifying orders which yield fee codes B, V, or Y. Under the proposed Step-Up Add Tier under footnote 4, a Member may receive an enhanced rebate of $0.0027 per share where the MPID has a Step-Up ADAV from November 2016, greater than or equal to 500,000 shares. Eliminate Tier 4 Under Footnote 3 The Exchange currently offers five Cross-Asset Step-Up Tiers under footnote 3, which provide an enhanced rebate per contract ranging from $0.0027 to $0.0032 per share for qualifying orders. Tiers 1 through 4 apply to orders which yield fee codes B, V, or Y. Tier 5 applies to orders which yield fee codes BB, N, or W.\9\ The Exchange now proposes to eliminate Tier 4 under footnote 3, which provides a rebate of $0.0032 per share for Members that have an Options Step-Up Add TCV in Customer orders from October 2016 baseline greater than or equal to 0.35%.\10\ --------------------------------------------------------------------------- \9\ Fee codes BB, N, and W are appended to orders that remove liquidity in tape B, C, or A, respectively. See the Exchange's fee schedule available at http://www.bats.com/us/equities/membership/fee_schedule/bzx/. \10\ In connection with the elimination of Tier 4, the Exchange proposes that Tier 5 be renamed to Tier 4. --------------------------------------------------------------------------- Implementation Date The Exchange proposes to implement these amendments to its fee schedule immediately.\11\ --------------------------------------------------------------------------- \11\ The Exchange initially filed the proposed amendments to its fee schedule on March 31, 2017 (SR-BatsBZX-2017-21). On April 12, 2017, the Exchange withdrew SR-BatsBZX-2017-21 and then subsequently submitted this filing (SR-BatsBZX-2017-22). --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that the proposed rule changes are consistent with the objectives of Section 6 of the Act,\12\ in general, and furthers the objectives of Section 6(b)(4),\13\ in particular, as it is designed to provide [[Page 18944]] for the equitable allocation of reasonable dues, fees and other charges among its Members and other persons using its facilities. The Exchange also notes that it operates in a highly-competitive market in which market participants can readily direct order flow to competing venues if they deem fee levels at a particular venue to be excessive or incentives to be insufficient. The proposed rule changes reflect a competitive pricing structure designed to incentivize market participants to direct their order flow to the Exchange. --------------------------------------------------------------------------- \12\ 15 U.S.C. 78f. \13\ 15 U.S.C. 78f(b)(4). --------------------------------------------------------------------------- Addition of New Volume Tiers The Exchange believes that the proposed modifications to the tiered pricing structure are reasonable, fair and equitable, and non- discriminatory. The Exchange operates in a highly competitive market in which market participants may readily send order flow to many competing venues if they deem fees at the Exchange to be excessive or incentives provided to be insufficient. The proposed structure remains intended to attract order flow to the Exchange by offering market participants a competitive pricing structure. The Exchange believes it is reasonable to offer and incrementally modify incentives intended to help to contribute to the growth of the Exchange. Volume-based pricing such as that proposed herein have been widely adopted by exchanges, including the Exchange, and are equitable because they are open to all Members on an equal basis and provide additional benefits or discounts that are reasonably related to: (i) The value to an exchange's market quality; (ii) associated higher levels of market activity, such as higher levels of liquidity provisions and/or growth patterns; and (iii) introduction of higher volumes of orders into the price and volume discovery processes. Add Volume Tiers. The proposed additions of two Non-Displayed Add Volume Tiers reinforces the purpose of the Add Volume Tier by incentivizing Members to send Non-Displayed orders to the Exchange. Thus, the Exchange believes that the proposed modifications to the tiered pricing structure under footnote 1 is a reasonable, equitable, and not an unfairly discriminatory allocation of fees and rebates because they will provide Members with an incentive to reach certain thresholds on the Exchange by contributing a meaningful amount of order flow and because such an incentive is open to all Members on an equal basis. Single MPID Investor Tier. The proposed addition of a Single MPID Step-Up Add Tier reinforces the purpose of the Single MPID Investor Tier by incentivizing Members to send higher level of orders to the Exchange. By applying the tier on a single MPID rather than across a Member's entire trading activity, the Exchange is also allowing more Members to potentially receive the enhanced rebates for their trading activity related to liquidity provision. Thus, the Exchange believes that the proposed modification to the tiered pricing structure under footnote 4 is a reasonable, equitable, and not an unfairly discriminatory allocation of fees and rebates because it will provide Members with an incentive to reach certain thresholds on the Exchange by contributing a meaningful amount of order flow. As is true for the Add Volume Tiers described above, the proposed tier under footnote 4 is available to all Members. Elimination of Unused Tiers The Exchange believes that the proposed modifications to eliminate Tier 4 under footnote 3 is reasonable, fair, and equitable because the current tier was not providing the desired result of incentivizing Members to increase their participation in BZX Equities and in the Exchange's equity options platform (``BZX Options''). Therefore, eliminating this tier will have a negligible effect on order flow and market behavior. The Exchange believes the proposed change is not unfairly discriminatory because it will apply equally to all participants. B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule change will impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act. The Exchange does not believe that any of the proposed change to the Exchange's tiered pricing structure burden competition, but instead, that they enhance competition as they are intended to increase the competitiveness of BZX by modifying pricing incentives in order to attract order flow and incentivize participants to increase their participation on the Exchange. The Exchange notes that it operates in a highly competitive market in which market participants can readily direct order flow to competing venues if they deem fee structures to be unreasonable or excessive. The proposed changes are generally intended to enhance the rebates for liquidity added to the Exchange, which is intended to draw additional liquidity to the Exchange, and to eliminate a rebate that has not achieved its desired result. The Exchange does not believe the proposed amendments would burden intramarket competition as they would be available to all Members uniformly. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Exchange has not solicited, and does not intend to solicit, comments on this proposed rule change. The Exchange has not received any unsolicited written comments from Members or other interested parties. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) of the Act \14\ and paragraph (f) of Rule 19b-4 thereunder.\15\ At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. --------------------------------------------------------------------------- \14\ 15 U.S.C. 78s(b)(3)(A). \15\ 17 CFR 240.19b-4(f). --------------------------------------------------------------------------- IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File No. SR-BatsBZX-2017-22 on the subject line. Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File No. SR-BatsBZX-2017-22. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent [[Page 18945]] amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission's Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File No. SR-BatsBZX-2017-22, and should be submitted on or before May 15, 2017. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\16\ --------------------------------------------------------------------------- \16\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-08163 Filed 4-21-17; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 82, No. 77 / Monday, April 24, 2017 / Notices 18943
For the Commission, by the Division of II. Self-Regulatory Organization’s Single MPID Investor Tier Under
Trading and Markets, pursuant to delegated Statement of the Purpose of, and Footnote 4
authority.12 Statutory Basis for, the Proposed Rule The Exchange currently offers one
Eduardo A. Aleman, Change Single MPID Investor Tier under
Assistant Secretary. footnote 4, which provides an enhanced
In its filing with the Commission, the
[FR Doc. 2017–08162 Filed 4–21–17; 8:45 am]
Exchange included statements rebate of $0.0031 per share for
BILLING CODE 8011–01–P concerning the purpose of and basis for qualifying orders which yield fee codes
the proposed rule change and discussed B, V, or Y. The distinction between the
any comments it received on the existing tier under footnote 4 and other
SECURITIES AND EXCHANGE proposed rule change. The text of these tiers offered by the Exchange, is that the
COMMISSION statements may be examined at the volume measured to determine whether
places specified in Item IV below. The a Member qualifies is performed on an
[Release No. 34–80478; File No. SR– Exchange has prepared summaries, set MPID by MPID basis. The Exchange
BatsBZX–2017–22] forth in Sections A, B, and C below, of now proposes to add an additional
the most significant parts of such single MPID tier which will provide an
Self-Regulatory Organizations; Bats statements. enhanced rebate per share for qualifying
BZX Exchange, Inc.; Notice of Filing orders which yield fee codes B, V, or Y.
and Immediate Effectiveness of a A. Self-Regulatory Organization’s Under the proposed Step-Up Add Tier
Proposed Rule Change Related to Fees Statement of the Purpose of, and the under footnote 4, a Member may receive
for Use on Bats BZX Exchange, Inc. Statutory Basis for, the Proposed Rule an enhanced rebate of $0.0027 per share
Change where the MPID has a Step-Up ADAV
April 18, 2017. from November 2016, greater than or
1. Purpose
Pursuant to Section 19(b)(1) of the equal to 500,000 shares.
Securities Exchange Act of 1934 (the The Exchange proposes to amend its Eliminate Tier 4 Under Footnote 3
‘‘Act’’),1 and Rule 19b–4 thereunder,2 fee schedule applicable to its equities
notice is hereby given that on April 12, trading platform (‘‘BZX Equities’’) to: (i) The Exchange currently offers five
2017, Bats BZX Exchange, Inc. (the Add new tiers under footnotes 1 and 4; Cross-Asset Step-Up Tiers under
‘‘Exchange’’ or ‘‘BZX’’) filed with the and (ii) eliminate tier 4 under footnote footnote 3, which provide an enhanced
Securities and Exchange Commission 3. rebate per contract ranging from $0.0027
(‘‘Commission’’) the proposed rule to $0.0032 per share for qualifying
Add Volume Tiers Under Footnote 1 orders. Tiers 1 through 4 apply to orders
change as described in Items I, II and III
below, which Items have been prepared which yield fee codes B, V, or Y. Tier
The Exchange currently offers nine
by the Exchange. The Exchange has 5 applies to orders which yield fee
Add Volume Tiers under footnote 1,
designated the proposed rule change as codes BB, N, or W.9 The Exchange now
which provide an enhanced rebate of
one establishing or changing a member proposes to eliminate Tier 4 under
$0.0025 to $0.0032 per share for
due, fee, or other charge imposed by the footnote 3, which provides a rebate of
qualifying orders which yield fee codes
Exchange under Section 19(b)(3)(A)(ii) $0.0032 per share for Members that have
B, V, or Y.6 The Exchange now proposes
of the Act 3 and Rule 19b–4(f)(2) an Options Step-Up Add TCV in
to add two additional tiers which will
thereunder,4 which renders the Customer orders from October 2016
provide an enhanced rebate per share
proposed rule change effective upon baseline greater than or equal to
for qualifying orders which yield fee
filing with the Commission. The 0.35%.10
code HA.7 8
Commission is publishing this notice to • Under the proposed Non-Displayed Implementation Date
solicit comments on the proposed rule Add Volume Tier 1, a Member may The Exchange proposes to implement
change from interested persons. receive an enhanced rebate of $0.0020 these amendments to its fee schedule
I. Self-Regulatory Organization’s per share where they add an ADV immediately.11
Statement of the Terms of Substance of greater than or equal to 0.09% of the
2. Statutory Basis
the Proposed Rule Change TCV, as Non-Displayed orders that yield
fee codes HA or HI. The Exchange believes that the
The Exchange filed a proposal to • Under the proposed Non-Displayed proposed rule changes are consistent
amend the fee schedule applicable to Add Volume Tier 2, a Member may with the objectives of Section 6 of the
Members 5 and non-members of the receive an enhanced rebate of $0.0025 Act,12 in general, and furthers the
Exchange pursuant to BZX Rules 15.1(a) per share where they add an ADV objectives of Section 6(b)(4),13 in
and (c). greater than or equal to 0.18% of the particular, as it is designed to provide
The text of the proposed rule change TCV, as Non-Displayed orders that yield 9 Fee codes BB, N, and W are appended to orders
is available at the Exchange’s Web site fee codes HA or HI. that remove liquidity in tape B, C, or A,
at www.bats.com, at the principal office respectively. See the Exchange’s fee schedule
of the Exchange, and at the 6 Fee codes B, V, and Y are appended to displayed available at http://www.bats.com/us/equities/
Commission’s Public Reference Room. orders that add liquidity in tape B, A, or C, membership/fee_schedule/bzx/.
10 In connection with the elimination of Tier 4,
respectively. See the Exchange’s fee schedule
available at http://www.bats.com/us/equities/ the Exchange proposes that Tier 5 be renamed to
jstallworth on DSK7TPTVN1PROD with NOTICES
12 17 CFR 200.30–3(a)(44). membership/fee_schedule/bzx/. Tier 4.
1 15 U.S.C. 78s(b)(1). 11 The Exchange initially filed the proposed
7 Fee code HA is appended to non-displayed
2 17 CFR 240.19b–4.
orders which add liquidity. Id. amendments to its fee schedule on March 31, 2017
3 15 U.S.C. 78s(b)(3)(A)(ii). 8 The Exchange proposes to add additional labels (SR–BatsBZX–2017–21). On April 12, 2017, the
4 17 CFR 240.19b–4(f)(2).
to the table in footnote 1 to further clarify which Exchange withdrew SR–BatsBZX–2017–21 and then
5 The term ‘‘Member’’ is defined as ‘‘any tiers apply to orders yielding the differentiating fee subsequently submitted this filing (SR–BatsBZX–
registered broker or dealer that has been admitted codes. The Exchange also proposes to append 2017–22).
12 15 U.S.C. 78f.
to membership in the Exchange.’’ See Exchange footnote 1 to fee code HA in connection with this
Rule 1.5(n). change. 13 15 U.S.C. 78f(b)(4).
VerDate Sep<11>2014 13:48 Apr 21, 2017 Jkt 241001 PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 E:\FR\FM\24APN1.SGM 24APN1](https://thefederalregister.org/doc/82_FR_19020/page/1.svg)
![Federal Register / Vol. 82, No. 77 / Monday, April 24, 2017 / Notices 18945
amendments, all written statements with an appropriate regulatory agency hourly rate for clerical staff time). We
with respect to the proposed rule (‘‘ARA’’) to withdraw from registration estimate that outside filing agents
change that are filed with the by filing a written notice of withdrawal charge $100 to complete and file at
Commission, and all written with the ARA and by agreeing to such TA–W on behalf of a registrant,
communications relating to the terms and conditions as the ARA deems reflecting an external labor cost to
proposed rule change between the necessary or appropriate in the public respondents. The total annual time
Commission and any person, other than interest, for the protection of investors, burden to the transfer agent industry is
those that may be withheld from the or in the furtherance of the purposes of approximately 9 hours (17 filings × 0.5
public in accordance with the Section 17A. hours). The total annual external labor
provisions of 5 U.S.C. 552, will be In order to implement Section cost to respondents is $340 (17 annual
available for Web site viewing and 17A(c)(4)(B) of the Exchange Act, the forms × $100 × 20%).
printing in the Commission’s Public Commission promulgated Rule 17Ac3–
Written comments are invited on: (a)
Reference Room, 100 F Street NE., 1(a) (17 CFR 240.17Ac3–1(a)) and
Whether the proposed collection of
Washington, DC 20549, on official accompanying Form TA–W (17 CFR
information is necessary for the proper
business days between the hours of 249b.101) on September 1, 1977. Rule
performance of the functions of the
10:00 a.m. and 3:00 p.m. Copies of the 17Ac3–1(a) provides that notice of
Commission, including whether the
filing also will be available for withdrawal from registration as a
transfer agent with the Commission information shall have practical utility;
inspection and copying at the principal
shall be filed on Form TA–W. Form (b) the accuracy of the Commission’s
office of the Exchange. All comments
TA–W requires the withdrawing transfer estimates of the burden of the proposed
received will be posted without change;
agent to provide the Commission with collection of information; (c) ways to
the Commission does not edit personal
certain information, including: (1) The enhance the quality, utility, and clarity
identifying information from
locations where transfer agent activities of the information collected; and (d)
submissions. You should submit only
are or were performed; (2) the reasons ways to minimize the burden of the
information that you wish to make
available publicly. All submissions for ceasing the performance of such collection of information on
should refer to File No. SR–BatsBZX– activities; (3) disclosure of unsatisfied respondents, including through the use
2017–22, and should be submitted on or judgments or liens; and (4) information of automated collection techniques or
before May 15, 2017. regarding successor transfer agents. other forms of information technology.
The Commission uses the information Consideration will be given to
For the Commission, by the Division of comments and suggestions submitted in
Trading and Markets, pursuant to delegated disclosed on Form TA–W to determine
whether the registered transfer agent writing within 60 days of this
authority.16
applying for withdrawal from publication.
Eduardo A. Aleman,
Assistant Secretary. registration as a transfer agent should be An agency may not conduct or
allowed to deregister and, if so, whether sponsor, and a person is not required to
[FR Doc. 2017–08163 Filed 4–21–17; 8:45 am]
the Commission should attach to the respond to, a collection of information
BILLING CODE 8011–01–P
granting of the application any terms or under the PRA unless it displays a
conditions necessary or appropriate in currently valid OMB control number.
SECURITIES AND EXCHANGE the public interest, for the protection of
Please direct your written comments
COMMISSION investors, or in furtherance of the
to: Pamela Dyson, Director/Chief
purposes of Section 17A of the
[Extension: Rule 17Ac3–1(a) and Form Information Officer, Securities and
Exchange Act. Without Rule 17Ac3–1(a)
TA–W; SEC File No. 270–96, OMB Control Exchange Commission, c/o Remi Pavlik-
and Form TA–W, transfer agents
No. 3235–0151] Simon, 100 F Street NE., Washington,
registered with the Commission would
DC 20549, or send an email to: PRA_
not have a means to voluntarily
Proposed Collection; Comment Mailbox@sec.gov.
deregister when it is necessary or
Request Dated: April 18, 2017.
appropriate to do so.
Upon Written Request, Copies Available On average, respondents have filed Eduardo A. Aleman,
From: Securities and Exchange approximately 17 TA–Ws with the Assistant Secretary.
Commission, Office of FOIA Services, Commission annually from 2014 to
[FR Doc. 2017–08168 Filed 4–21–17; 8:45 am]
100 F Street NE., Washington, DC 2017. A Form TA–W filing occurs only
BILLING CODE 8011–01–P
20549–2736. once, when a transfer agent is seeking to
Notice is hereby given that, pursuant deregister. Approximately 80 percent of
to the Paperwork Reduction Act of 1995 Form TA–Ws are completed by the
transfer agent or its employees and SECURITIES AND EXCHANGE
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the COMMISSION
Securities and Exchange Commission approximately 20 percent of Form
(‘‘Commission’’) is soliciting comments TA–Ws are completed by an outside
on the existing collection of information filing agent that is hired by the [Release No. 34–80482; File No. SR–GEMX–
provided for in Rule 17Ac3–1(a) and registrant to prepare the form and file it 2017–03]
Form TA–W, under the Securities electronically. In view of the readily-
available information requested by Form Self-Regulatory Organizations; Nasdaq
Exchange Act of 1934 (15 U.S.C. 78a et
TA–W, its short and simple GEMX, LLC; Notice of Filing and
seq.) (‘‘Exchange Act’’). The
presentation, and the Commission’s Immediate Effectiveness of Proposed
jstallworth on DSK7TPTVN1PROD with NOTICES
Commission plans to submit this
experience with the filers, we estimate Rule Change To Amend the Rulebook
existing collection of information to the
Office of Management and Budget that approximately 30 minutes is and Schedule of Fees To Incorporate
(‘‘OMB’’) for extension and approval. required to complete and file Form Certain Name Changes
Section 17A(c)(4)(B) of the Exchange TA–W. For transfer agents that complete April 18, 2017.
Act authorizes transfer agents registered Form TA–W themselves, we estimate
the internal labor cost of compliance per Pursuant to Section 19(b)(1) of the
16 17 CFR 200.30–3(a)(12). filing is $25 (0.5 hours × $50 average Securities Exchange Act of 1934 (the
VerDate Sep<11>2014 13:48 Apr 21, 2017 Jkt 241001 PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 E:\FR\FM\24APN1.SGM 24APN1](https://thefederalregister.org/doc/82_FR_19020/page/3.svg)
Document Created: 2017-04-22 00:11:35
Document Modified: 2017-04-22 00:11:35
| 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 18943 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR