82 FR 22035 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 90 (May 11, 2017)

Page Range		22035-22035
FR Document		2017-09583

Federal Register, Volume 82 Issue 90 (Thursday, May 11, 2017)

[Federal Register Volume 82, Number 90 (Thursday, May 11, 2017)]
[Notices]
[Page 22035]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-09583]


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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:
    Rule 15b6-1 and Form BDW, SEC File No. 270-17, OMB Control No. 
3235-0018.

    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'') is soliciting comments on the existing 
collection of information provided for in Rule 15b6-1 (17 CFR 240.15b6-
1), under the Securities Exchange Act of 1934 (15 U.S.C 78a et seq.). 
The Commission plans to submit this existing collection of information 
to the Office of Management and Budget (``OMB'') for extension and 
approval.
    Registered broker-dealers use Form BDW (17 CFR 249.501a) to 
withdraw from registration with the Commission, the self-regulatory 
organizations, and the states. On average, the Commission estimates 
that it would take a broker-dealer approximately one hour to complete 
and file a Form BDW to withdraw from Commission registration as 
required by Rule 15b6-1. The Commission estimates that approximately 
380 broker-dealers withdraw from Commission registration annually \1\ 
and, therefore, file a Form BDW via the internet with the Central 
Registration Depository, a computer system operated by the Financial 
Industry Regulatory Authority, Inc. that maintains information 
regarding registered broker-dealers and their registered personnel. The 
380 broker-dealers that withdraw from registration by filing Form BDW 
would incur an aggregate annual reporting burden of approximately 380 
hours.\2\
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    \1\ This estimate is based on Form BDW data collected over the 
past three years for fully registered broker-dealers. This estimate 
is based on the numbers of forms filed; therefore, the number may 
include multiple forms per broker-dealer if the broker-dealer's 
initial filing was incomplete. In fiscal year (from 10/1 through 9/
30) 2014, 454 broker-dealers withdrew from registration. In fiscal 
year 2015, 327 broker-dealers withdrew from registration. In fiscal 
year 2016, 360 broker-dealers withdrew from registration. (454 + 327 
+ 360) /3 = 380.
    \2\ (380 x 1 hour) = 380 hours.
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    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be 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 under the PRA unless it 
displays a currently valid OMB control number.
    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: PRA_Mailbox@sec.gov.

    Dated: May 8, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-09583 Filed 5-10-17; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 90 / Thursday, May 11, 2017 / Notices 22035

trade provision was put on a pilot 240.15b6–1), under the Securities Please direct your written comments
initially, described the systems changes Exchange Act of 1934 (15 U.S.C 78a et to: Pamela Dyson, Director/Chief
that the Exchange made to be able to seq.). The Commission plans to submit Information Officer, Securities and
process cabinet trades, and represented this existing collection of information to Exchange Commission, c/o Remi Pavlik-
its understanding that neither OCC nor the Office of Management and Budget Simon, 100 F Street NE., Washington
the Exchange’s members have reported (‘‘OMB’’) for extension and approval. DC 20549, or send an email to: PRA_
any operational issues in connection Registered broker-dealers use Form Mailbox@sec.gov.
with cabinet trades.19 The additional BDW (17 CFR 249.501a) to withdraw Dated: May 8, 2017.
information contained in Amendment from registration with the Commission, Eduardo A. Aleman,
No. 1 provides further support for the the self-regulatory organizations, and Assistant Secretary.
Exchange’s proposal, is consistent with the states. On average, the Commission [FR Doc. 2017–09583 Filed 5–10–17; 8:45 am]
the proposal as initially filed, and does estimates that it would take a broker- BILLING CODE 8011–01–P
not introduce any new provisions or dealer approximately one hour to
novel arguments in support of the complete and file a Form BDW to
proposal. Further, the Commission withdraw from Commission registration SECURITIES AND EXCHANGE
notes that it did not receive any as required by Rule 15b6–1. The COMMISSION
comment letters on the Exchange’s Commission estimates that
proposal. Accordingly, the Commission approximately 380 broker-dealers [Release No. 34–80609; File No. SR–CBOE–
finds good cause, pursuant to Section 2017–019]
withdraw from Commission registration
19(b)(2) of the Act,20 to approve the annually 1 and, therefore, file a Form
proposed rule change, as modified by Self-Regulatory Organizations;
BDW via the internet with the Central Chicago Board Options Exchange,
Amendment No. 1, on an accelerated Registration Depository, a computer
basis. Incorporated; Notice of Designation of
system operated by the Financial a Longer Period for Commission
VI. Conclusion Industry Regulatory Authority, Inc. that Action on Proposed Rule Change
It is therefore ordered, pursuant to maintains information regarding Related to Complex Orders
Section 19(b)(2) of the Act,21 that the registered broker-dealers and their
registered personnel. The 380 broker- May 5, 2017.
proposed rule change (SR–NYSEMKT– On March 7, 2017, Chicago Board
2017–13), as modified by Amendment dealers that withdraw from registration
by filing Form BDW would incur an Options Exchange, Incorporated (the
No. 1, be, and hereby is, approved on an ‘‘Exchange’’ or ‘‘CBOE’’) filed with the
accelerated basis. aggregate annual reporting burden of
approximately 380 hours.2 Securities and Exchange Commission
For the Commission, by the Division of (the ‘‘Commission’’), pursuant to
Trading and Markets, pursuant to delegated
Written comments are invited on: (a)
Whether the proposed collection of Section 19(b)(1) of the Securities
authority.22 Exchange Act of 1934 (‘‘Act’’) 1 and Rule
Eduardo A. Aleman, information is necessary for the proper
performance of the functions of the 19b–4 thereunder,2 a proposed rule
Assistant Secretary. change to amend its rules with respect
Commission, including whether the
[FR Doc. 2017–09532 Filed 5–10–17; 8:45 am]
information shall have practical utility; to orders in open outcry to modify the
BILLING CODE 8011–01–P
(b) the accuracy of the Commission’s ratios a complex order must meet to be
estimates of the burden of the proposed considered eligible for complex order
collection of information; (c) ways to priority and permitted to be expressed
SECURITIES AND EXCHANGE in any net price increment that is not be
COMMISSION enhance the quality, utility, and clarity
of the information to be collected; and less than $0.01. The Exchange also
(d) ways to minimize the burden of the proposes to amend its rules to provide
Proposed Collection; Comment that if a complex order would trade in
Request collection of information on
respondents, including through the use open outcry at the same net debit or
Upon Written Request, Copies Available of automated collection techniques or credit price as another complex order,
From: Securities and Exchange other forms of information technology. priority would go first to public
Commission, Office of FOIA Services, customer orders in the Exchange’s
Consideration will be given to
100 F Street NE., Washington, DC complex order book (‘‘COB’’), then to
comments and suggestions submitted in
20549–2736. complex order bids and offers
writing within 60 days of this
represented in the trading crowd, and
Extension: publication.
Rule 15b6–1 and Form BDW, SEC File No. then to all other orders and quotes in
An agency may not conduct or the COB.3 Finally, the Exchange
270–17, OMB Control No. 3235–0018. sponsor, and a person is not required to proposes to simplify the definitions of
Notice is hereby given that pursuant respond to, a collection of information the complex order types that may be
to the Paperwork Reduction Act of 1995 under the PRA unless it displays a made available on a class-by-class basis
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the currently valid OMB control number. and remove references to certain
Securities and Exchange Commission specific complex order types that will
(‘‘Commission’’) is soliciting comments 1 This estimate is based on Form BDW data
no longer be defined. The proposed rule
on the existing collection of information collected over the past three years for fully
change was published for comment in
registered broker-dealers. This estimate is based on
asabaliauskas on DSK3SPTVN1PROD with NOTICES

provided for in Rule 15b6–1 (17 CFR
the numbers of forms filed; therefore, the number
1 15U.S.C. 78s(b)(1).
may include multiple forms per broker-dealer if the
19 See Amendment No. 1, supra note 4. See also broker-dealer’s initial filing was incomplete. In 2 17CFR 240.19b–4.
supra note 4 (noting that the Exchange submitted fiscal year (from 10/1 through 9/30) 2014, 454 3 The Exchange has represented that this
Amendment No. 1 as a comment letter to the file, broker-dealers withdrew from registration. In fiscal methodology for prioritizing multiple complex
which the Commission posted on its Web site and year 2015, 327 broker-dealers withdrew from orders for open outcry trading is consistent with the
placed in the public comment file). registration. In fiscal year 2016, 360 broker-dealers methodology applicable for prioritizing multiple
20 15 U.S.C. 78s(b)(2).
withdrew from registration. (454 + 327 + 360) /3 = simple orders for open outcry trading and how the
21 15 U.S.C. 78s(b)(2). 380. Exchange has interpreted and applied complex
22 17 CFR 200.30–3(a)(12). 2 (380 × 1 hour) = 380 hours. order priority. See Notice, infra note 4, at 15087.

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Document Created: 2017-05-11 00:14:52
Document Modified: 2017-05-11 00:14:52

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 22035