82_FR_37284 82 FR 37133 - Proposed Collection; Comment Request

82 FR 37133 - Proposed Collection; Comment Request

RAILROAD RETIREMENT BOARD

Federal Register Volume 82, Issue 151 (August 8, 2017)

Page Range37133-37135
FR Document2017-16672

In accordance with the requirement of Section 3506 (c)(2)(A) of the Paperwork Reduction Act of 1995 which provides opportunity for public comment on new or revised data collections, the Railroad Retirement Board (RRB) will publish periodic summaries of proposed data collections. Comments are invited on: (a) Whether the proposed information collection is necessary for the proper performance of the functions of the agency, including whether the information has practical utility; (b) the accuracy of the RRB's estimate of the burden of the collection of the information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden related to the collection of information on respondents, including the use of automated collection techniques or other forms of information technology. 1. Title and purpose of information collection: Certification of Termination of Service and Relinquishment of Rights; OMB 3220-0016. Under Section 2(e)(2) of the Railroad Retirement Act (RRA), an age and service annuity, spouse annuity, or divorced spouse annuity cannot be paid unless the Railroad Retirement Board (RRB) has evidence that the applicant has ceased railroad employment and relinquished rights to return to the service of a railroad employer. Under Section 2(f)(6) of the RRA, earnings deductions are required for each month an annuitant works in certain non-railroad employment termed Last Pre-Retirement Non-Railroad Employment. Normally, the employee, spouse, or divorced spouse relinquishes rights and certifies that employment has ended as part of the annuity application process. However, this is not always the case. In limited circumstances, the RRB utilizes Form G-88, Certification of Termination of Service and Relinquishment of Rights, to obtain an applicant's report of termination of employment and relinquishment of rights. One response is required of each respondent. Completion is required to obtain or retain benefits. The RRB proposes no changes to Form G-88.

Federal Register, Volume 82 Issue 151 (Tuesday, August 8, 2017)
[Federal Register Volume 82, Number 151 (Tuesday, August 8, 2017)]
[Notices]
[Pages 37133-37135]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-16672]


=======================================================================
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RAILROAD RETIREMENT BOARD


Proposed Collection; Comment Request

SUMMARY: In accordance with the requirement of Section 3506 (c)(2)(A) 
of the Paperwork Reduction Act of 1995 which provides opportunity for 
public comment on new or revised data collections, the Railroad 
Retirement Board (RRB) will publish periodic summaries of proposed data 
collections.
    Comments are invited on: (a) Whether the proposed information 
collection is necessary for the proper performance of the functions of 
the agency, including whether the information has practical utility; 
(b) the accuracy of the RRB's estimate of the burden of the collection 
of the information; (c) ways to enhance the quality, utility, and 
clarity of the information to be collected; and (d) ways to minimize 
the burden related to the collection of information on respondents, 
including the use of automated collection techniques or other forms of 
information technology.
    1. Title and purpose of information collection: Certification of 
Termination of Service and Relinquishment of Rights; OMB 3220-0016.
    Under Section 2(e)(2) of the Railroad Retirement Act (RRA), an age 
and service annuity, spouse annuity, or divorced spouse annuity cannot 
be paid unless the Railroad Retirement Board (RRB) has evidence that 
the applicant has ceased railroad employment and relinquished rights to 
return to the service of a railroad employer. Under Section 2(f)(6) of 
the RRA, earnings deductions are required for each month an annuitant 
works in certain non-railroad employment termed Last Pre-Retirement 
Non-Railroad Employment.
    Normally, the employee, spouse, or divorced spouse relinquishes 
rights and certifies that employment has ended as part of the annuity 
application process. However, this is not always the case. In limited 
circumstances, the RRB utilizes Form G-88, Certification of Termination 
of Service and Relinquishment of Rights, to obtain an applicant's 
report of termination of employment and relinquishment of rights. One 
response is required of each respondent. Completion is required to 
obtain or retain benefits. The RRB proposes no changes to Form G-88.

[[Page 37134]]



                                      Estimate of Annual Respondent Burden
                             [The estimated annual respondent burden is as follows]
----------------------------------------------------------------------------------------------------------------
                                                                    Annual
                         Form number                              responses     Time  (minutes)  Burden  (hours)
----------------------------------------------------------------------------------------------------------------
G-88.........................................................           3,600                6              360
----------------------------------------------------------------------------------------------------------------

    2. Title and purpose of information collection: Statement of 
Authority to Act for Employee; OMB 3220-0034.
    Under Section 5(a) of the Railroad Unemployment Insurance Act 
(RUIA), claims for benefits are to be made in accordance with such 
regulations as the Railroad Retirement Board (RRB) shall prescribe. The 
provisions for claiming sickness benefits as provided by Section 2 of 
the RUIA are prescribed in 20 CFR 335.2. Included in these provisions 
is the RRB's acceptance of forms executed by someone else on behalf of 
an employee if the RRB is satisfied that the employee is sick or 
injured to the extent of being unable to sign forms.
    The RRB utilizes Form SI-10, Statement of Authority to Act for 
Employee, to provide the means for an individual to apply for authority 
to act on behalf of an incapacitated employee and also to obtain the 
information necessary to determine that the delegation should be made. 
Part I of the form is completed by the applicant for the authority and 
Part II is completed by the employee's doctor. One response is 
requested of each respondent. Completion is required to obtain 
benefits. The RRB proposes no changes to Form SI-10.

                                      Estimate of Annual Respondent Burden
----------------------------------------------------------------------------------------------------------------
                                                                    Annual
                         Form number                              responses     Time  (minutes)  Burden  (hours)
----------------------------------------------------------------------------------------------------------------
SI-10........................................................              32                6                3
----------------------------------------------------------------------------------------------------------------

    3. Title and purpose of information collection: Employee Non-
Covered Service Pension Questionnaire; OMB 3220-0154.
    Section 215(a)(7) of the Social Security Act provides for a 
reduction in social security benefits based on employment not covered 
under the Social Security Act or the Railroad Retirement Act (RRA). 
This provision applies a different social security benefit formula to 
most workers who are first eligible after 1985 to both a pension based 
in whole or in part on non-covered employment and a social security 
retirement or disability benefit. There is a guarantee provision that 
limits the reduction in the social security benefit to one-half of the 
portion of the pension based on non-covered employment after 1956. 
Section 8011 of Public Law 100-647 changed the effective date of the 
onset from the first month of eligibility to the first month of 
concurrent entitlement to the non-covered service benefit and the RRA 
benefit.
    Section 3(a)(1) of the RRA provides that the Tier I benefit of an 
employee annuity shall be equal to the amount (before any reduction for 
age or deduction for work) the employee would receive if entitled to a 
like benefit under the Social Security Act. The reduction for a non-
covered service pension also applies to a Tier I portion of the 
employee annuity under the RRA when the annuity or non-covered service 
pension begins after 1985. Since the amount of a spouse's Tier I 
benefit is one-half of the employee's Tier I, the spouse annuity is 
also affected.
    Form G-209, Employee Non-Covered Service Pension Questionnaire, is 
used by the RRB to obtain needed information (1) from a railroad 
employee who while completing Form AA-1, Application for Employee 
Annuity (OMB No. 3220-0002), indicates entitlement to or receipt of a 
pension based on employment not covered under the Railroad Retirement 
Act or the Social Security Act; or (2) from a railroad employee when an 
independently-entitled divorced spouse applicant believes the employee 
to be entitled to a non-covered service pension. However, this 
development is unnecessary if RRB records indicate the employee has 30 
or more years of coverage; or (3) from an employee annuitant who 
becomes entitled to a pension based on employment not covered under the 
Railroad Retirement Act or the Social Security Act. One response is 
requested of each respondent. Completion is required to obtain or 
retain benefits. The RRB proposes no changes to Form G-209.

                                      Estimate of Annual Respondent Burden
----------------------------------------------------------------------------------------------------------------
                                                                      Annual           Time           Burden
                           Form number                               responses       (minutes)        (hours)
----------------------------------------------------------------------------------------------------------------
G-209 (Partial Questionnaire)...................................              50               1               1
G-209 (Full Questionnaire)......................................             100               8              13
                                                                 -----------------------------------------------
    Total.......................................................             150  ..............              14
----------------------------------------------------------------------------------------------------------------

    Additional Information or Comments: To request more information or 
to obtain a copy of the information collection justification, forms, 
and/or supporting material, contact Dana Hickman at (312) 751-4981 or 
[email protected]. Comments regarding the information collection 
should be addressed to Brian Foster, Railroad Retirement Board, 844 
North Rush Street, Chicago, Illinois 60611-1275 or emailed to 
[email protected].

[[Page 37135]]

Written comments should be received within 60 days of this notice.

Martha P. Rico,
Secretary to the Board.
[FR Doc. 2017-16672 Filed 8-7-17; 8:45 am]
 BILLING CODE 7905-01-P



                                                                                  Federal Register / Vol. 82, No. 151 / Tuesday, August 8, 2017 / Notices                                           37133

                                                      8. The estimated number of annual                     Regulatory Commission to add a                        RAILROAD RETIREMENT BOARD
                                                    respondents: 94.                                        domestic shipping services contract to
                                                      9. The estimated number of hours                      the list of Negotiated Service                        Proposed Collection; Comment
                                                    needed annually to comply with the                      Agreements in the Mail Classification                 Request
                                                    information collection requirement or                   Schedule’s Competitive Products List.
                                                    request: The total reporting and                        DATES: Date of notice required under 39               SUMMARY:    In accordance with the
                                                    recordkeeping burden is 76,350 hours                    U.S.C. 3642(d)(1): August 8, 2017.                    requirement of Section 3506 (c)(2)(A) of
                                                    (75,200 hours of reporting and 1,150                                                                          the Paperwork Reduction Act of 1995
                                                                                                            FOR FURTHER INFORMATION CONTACT:
                                                    hours of recordkeeping),                                                                                      which provides opportunity for public
                                                      10. Abstract: As part of a joint                      Elizabeth A. Reed, 202–268–3179.
                                                                                                                                                                  comment on new or revised data
                                                    industry-NRC initiative, the NRC                        SUPPLEMENTARY INFORMATION: The                        collections, the Railroad Retirement
                                                    receives information submitted                          United States Postal Service® hereby                  Board (RRB) will publish periodic
                                                    voluntarily by power reactor licensees                  gives notice that, pursuant to 39 U.S.C.              summaries of proposed data collections.
                                                    regarding selected performance                          3642 and 3632(b)(3), on August 2, 2017,
                                                                                                            it filed with the Postal Regulatory                      Comments are invited on: (a) Whether
                                                    attributes known as performance
                                                    indicators (PIs). Performance indicators                Commission a Request of the United                    the proposed information collection is
                                                    are objective measures of the                           States Postal Service to Add Priority                 necessary for the proper performance of
                                                    performance of licensee systems or                      Mail & First-Class Package Service                    the functions of the agency, including
                                                    programs. The NRC uses PI information                   Contract 50 to Competitive Product List.              whether the information has practical
                                                    and inspection results in its Reactor                   Documents are available at                            utility; (b) the accuracy of the RRB’s
                                                    Oversight Process to make decisions                     www.prc.gov, Docket Nos. MC2017–165,                  estimate of the burden of the collection
                                                    about plant performance and regulatory                  CP2017–245.                                           of the information; (c) ways to enhance
                                                    response. Licensees transmit PIs                                                                              the quality, utility, and clarity of the
                                                                                                            Ruth B. Stevenson,                                    information to be collected; and (d)
                                                    electronically to reduce burden on                      Attorney, Federal Compliance.
                                                    themselves and the NRC.                                                                                       ways to minimize the burden related to
                                                                                                            [FR Doc. 2017–16660 Filed 8–7–17; 8:45 am]            the collection of information on
                                                    III. Specific Requests for Comments                     BILLING CODE 7710–12–P                                respondents, including the use of
                                                       The NRC is seeking comments that                                                                           automated collection techniques or
                                                    address the following questions:                                                                              other forms of information technology.
                                                       1. Is the proposed collection of                     POSTAL SERVICE
                                                                                                                                                                     1. Title and purpose of information
                                                    information necessary for the NRC to                                                                          collection: Certification of Termination
                                                                                                            Product Change—Priority Mail
                                                    properly perform its functions? Does the                                                                      of Service and Relinquishment of
                                                                                                            Negotiated Service Agreement
                                                    information have practical utility?
                                                                                                                                                                  Rights; OMB 3220–0016.
                                                       2. Is the estimate of the burden of the              AGENCY:   Postal ServiceTM.
                                                    information collection accurate?                                                                                 Under Section 2(e)(2) of the Railroad
                                                                                                            ACTION:   Notice.                                     Retirement Act (RRA), an age and
                                                       3. Is there a way to enhance the
                                                    quality, utility, and clarity of the                    SUMMARY:    The Postal Service gives                  service annuity, spouse annuity, or
                                                    information to be Collected?                            notice of filing a request with the Postal            divorced spouse annuity cannot be paid
                                                       4. How can the burden of the                         Regulatory Commission to add a                        unless the Railroad Retirement Board
                                                    information collection on respondents                   domestic shipping services contract to                (RRB) has evidence that the applicant
                                                    be minimized, including the use of                      the list of Negotiated Service                        has ceased railroad employment and
                                                    automated collection techniques or                      Agreements in the Mail Classification                 relinquished rights to return to the
                                                    other forms of information technology?                  Schedule’s Competitive Products List.                 service of a railroad employer. Under
                                                      Dated at Rockville, Maryland, this 3rd day            DATES: Date of notice required under 39
                                                                                                                                                                  Section 2(f)(6) of the RRA, earnings
                                                    of August, 2017.                                        U.S.C. 3642(d)(1): August 8, 2017.                    deductions are required for each month
                                                      For the Nuclear Regulatory Commission.                                                                      an annuitant works in certain non-
                                                                                                            FOR FURTHER INFORMATION CONTACT:
                                                    David Cullison,                                                                                               railroad employment termed Last Pre-
                                                                                                            Elizabeth A. Reed, 202–268–3179.
                                                    NRC Clearance Officer, Office of the Chief                                                                    Retirement Non-Railroad Employment.
                                                                                                            SUPPLEMENTARY INFORMATION: The
                                                    Information Officer.                                                                                             Normally, the employee, spouse, or
                                                                                                            United States Postal Service® hereby
                                                    [FR Doc. 2017–16697 Filed 8–7–17; 8:45 am]
                                                                                                            gives notice that, pursuant to 39 U.S.C.              divorced spouse relinquishes rights and
                                                    BILLING CODE 7590–01–P
                                                                                                            3642 and 3632(b)(3), on August 2, 2017,               certifies that employment has ended as
                                                                                                            it filed with the Postal Regulatory                   part of the annuity application process.
                                                                                                            Commission a Request of the United                    However, this is not always the case. In
                                                    POSTAL SERVICE                                          States Postal Service to Add Priority                 limited circumstances, the RRB utilizes
                                                                                                            Mail Contract 338 to Competitive                      Form G–88, Certification of Termination
                                                    Product Change—Priority Mail and                                                                              of Service and Relinquishment of
                                                                                                            Product List. Documents are available at
                                                    First-Class Package Service                                                                                   Rights, to obtain an applicant’s report of
                                                                                                            www.prc.gov, Docket Nos. MC2017–166,
                                                    Negotiated Service Agreement                                                                                  termination of employment and
                                                                                                            CP2017–246.
                                                    AGENCY:   Postal ServiceTM.                                                                                   relinquishment of rights. One response
                                                                                                            Ruth B. Stevenson,                                    is required of each respondent.
asabaliauskas on DSKBBXCHB2PROD with NOTICES




                                                    ACTION:   Notice.
                                                                                                            Attorney, Federal Compliance.                         Completion is required to obtain or
                                                    SUMMARY:   The Postal Service gives                     [FR Doc. 2017–16661 Filed 8–7–17; 8:45 am]            retain benefits. The RRB proposes no
                                                    notice of filing a request with the Postal              BILLING CODE 7710–12–P                                changes to Form G–88.




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                                                    37134                                    Federal Register / Vol. 82, No. 151 / Tuesday, August 8, 2017 / Notices

                                                                                                                           ESTIMATE OF ANNUAL RESPONDENT BURDEN
                                                                                                                          [The estimated annual respondent burden is as follows]

                                                                                                                                                                                                           Annual                 Time                 Burden
                                                                                                                  Form number                                                                            responses              (minutes)              (hours)

                                                    G–88 ............................................................................................................................................      3,600                      6                 360



                                                      2. Title and purpose of information                                       335.2. Included in these provisions is                                   and also to obtain the information
                                                    collection: Statement of Authority to Act                                   the RRB’s acceptance of forms executed                                   necessary to determine that the
                                                    for Employee; OMB 3220–0034.                                                by someone else on behalf of an                                          delegation should be made. Part I of the
                                                      Under Section 5(a) of the Railroad                                        employee if the RRB is satisfied that the                                form is completed by the applicant for
                                                    Unemployment Insurance Act (RUIA),                                          employee is sick or injured to the extent                                the authority and Part II is completed by
                                                    claims for benefits are to be made in                                       of being unable to sign forms.                                           the employee’s doctor. One response is
                                                    accordance with such regulations as the                                       The RRB utilizes Form SI–10,                                           requested of each respondent.
                                                    Railroad Retirement Board (RRB) shall                                       Statement of Authority to Act for                                        Completion is required to obtain
                                                    prescribe. The provisions for claiming                                      Employee, to provide the means for an
                                                                                                                                                                                                         benefits. The RRB proposes no changes
                                                    sickness benefits as provided by Section                                    individual to apply for authority to act
                                                                                                                                                                                                         to Form SI–10.
                                                    2 of the RUIA are prescribed in 20 CFR                                      on behalf of an incapacitated employee

                                                                                                                           ESTIMATE OF ANNUAL RESPONDENT BURDEN
                                                                                                                                                                                                           Annual                 Time                 Burden
                                                                                                                  Form number                                                                            responses              (minutes)              (hours)

                                                    SI–10 ............................................................................................................................................      32                        6                  3



                                                       3. Title and purpose of information                                      first month of eligibility to the first                                  employee who while completing Form
                                                    collection: Employee Non-Covered                                            month of concurrent entitlement to the                                   AA–1, Application for Employee
                                                    Service Pension Questionnaire; OMB                                          non-covered service benefit and the                                      Annuity (OMB No. 3220–0002),
                                                    3220–0154.                                                                  RRA benefit.                                                             indicates entitlement to or receipt of a
                                                       Section 215(a)(7) of the Social                                             Section 3(a)(1) of the RRA provides                                   pension based on employment not
                                                    Security Act provides for a reduction in                                    that the Tier I benefit of an employee                                   covered under the Railroad Retirement
                                                    social security benefits based on                                           annuity shall be equal to the amount                                     Act or the Social Security Act; or (2)
                                                    employment not covered under the                                            (before any reduction for age or                                         from a railroad employee when an
                                                    Social Security Act or the Railroad                                         deduction for work) the employee                                         independently-entitled divorced spouse
                                                    Retirement Act (RRA). This provision                                        would receive if entitled to a like benefit                              applicant believes the employee to be
                                                    applies a different social security benefit                                 under the Social Security Act. The                                       entitled to a non-covered service
                                                    formula to most workers who are first                                       reduction for a non-covered service                                      pension. However, this development is
                                                    eligible after 1985 to both a pension                                       pension also applies to a Tier I portion                                 unnecessary if RRB records indicate the
                                                    based in whole or in part on non-                                           of the employee annuity under the RRA                                    employee has 30 or more years of
                                                    covered employment and a social                                             when the annuity or non-covered                                          coverage; or (3) from an employee
                                                    security retirement or disability benefit.                                  service pension begins after 1985. Since                                 annuitant who becomes entitled to a
                                                    There is a guarantee provision that                                         the amount of a spouse’s Tier I benefit                                  pension based on employment not
                                                    limits the reduction in the social                                          is one-half of the employee’s Tier I, the                                covered under the Railroad Retirement
                                                    security benefit to one-half of the                                         spouse annuity is also affected.                                         Act or the Social Security Act. One
                                                    portion of the pension based on non-                                           Form G–209, Employee Non-Covered                                      response is requested of each
                                                    covered employment after 1956. Section                                      Service Pension Questionnaire, is used                                   respondent. Completion is required to
                                                    8011 of Public Law 100–647 changed                                          by the RRB to obtain needed                                              obtain or retain benefits. The RRB
                                                    the effective date of the onset from the                                    information (1) from a railroad                                          proposes no changes to Form G–209.

                                                                                                                           ESTIMATE OF ANNUAL RESPONDENT BURDEN
                                                                                                                                                                                                           Annual                 Time                 Burden
                                                                                                                  Form number                                                                            responses              (minutes)              (hours)

                                                    G–209 (Partial Questionnaire) .....................................................................................................                             50                           1                1
                                                    G–209 (Full Questionnaire) .........................................................................................................                           100                           8               13
asabaliauskas on DSKBBXCHB2PROD with NOTICES




                                                          Total ......................................................................................................................................             150      ........................             14



                                                      Additional Information or Comments:                                       Hickman at (312) 751–4981 or                                             Rush Street, Chicago, Illinois 60611–
                                                    To request more information or to                                           Dana.Hickman@RRB.GOV. Comments                                           1275 or emailed to Brian.Foster@rrb.gov.
                                                    obtain a copy of the information                                            regarding the information collection
                                                    collection justification, forms, and/or                                     should be addressed to Brian Foster,
                                                    supporting material, contact Dana                                           Railroad Retirement Board, 844 North



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                                                                                  Federal Register / Vol. 82, No. 151 / Tuesday, August 8, 2017 / Notices                                            37135

                                                    Written comments should be received                     II. Self-Regulatory Organization’s                    Exchange does not propose to modify
                                                    within 60 days of this notice.                          Statement of the Purpose of, and                      the rate applied to orders yielding fee
                                                                                                            Statutory Basis for, the Proposed Rule                code NA, but, as a result of this change,
                                                    Martha P. Rico,
                                                                                                            Change                                                orders adding non-displayed liquidity at
                                                    Secretary to the Board.                                                                                       NYSE American will yield fee code NB
                                                    [FR Doc. 2017–16672 Filed 8–7–17; 8:45 am]                In its filing with the Commission, the
                                                                                                            Exchange included statements                          instead, which is applied to all routed
                                                    BILLING CODE 7905–01–P
                                                                                                            concerning the purpose of and basis for               executions at an exchange not covered
                                                                                                            the proposed rule change and discussed                by Fee Code NA that adds non-
                                                                                                            any comments it received on the                       displayed liquidity. Similarly, the
                                                                                                            proposed rule change. The text of these               Exchange does not propose to modify
                                                    SECURITIES AND EXCHANGE                                                                                       the rate applied to orders yielding fee
                                                    COMMISSION                                              statements may be examined at the
                                                                                                            places specified in Item IV below. The                code NB, which is currently a fee of
                                                                                                            Exchange has prepared summaries, set                  $0.00300 per share.
                                                    [Release No. 34–81289; File No. SR–                                                                             The Exchange notes that the changes
                                                    BatsBZX–2017–47]                                        forth in Sections A, B, and C below, of
                                                                                                            the most significant parts of such                    proposed above will not impact the
                                                    Self-Regulatory Organizations; Bats                     statements.                                           current fee structure for orders that add
                                                    BZX Exchange, Inc.; Notice of Filing                                                                          displayed liquidity at NYSE American
                                                                                                            (A) Self-Regulatory Organization’s                    in securities priced below $1.00, which,
                                                    and Immediate Effectiveness of a                        Statement of the Purpose of, and
                                                    Proposed Rule Change Related to Fees                                                                          pursuant to footnote 10, are provided
                                                                                                            Statutory Basis for, the Proposed Rule                without charge and without rebate.
                                                    for Use on Bats BZX Exchange, Inc.                      Change
                                                    and Bats BZX Exchange, Inc.’s Equity                                                                          However, the proposed change to
                                                    Options Platform                                        1. Purpose                                            remove NYSE American from fee code
                                                                                                                                                                  NA will impact pricing for non-
                                                    August 2, 2017.                                            The Exchange proposes to amend its                 displayed orders routed to NYSE
                                                                                                            fee schedule applicable to its equities               American that add liquidity.
                                                       Pursuant to Section 19(b)(1) of the
                                                                                                            trading platform (‘‘BZX Equities’’) and               Specifically, consistent with other
                                                    Securities Exchange Act of 1934 (the
                                                                                                            its equity options trading platform                   orders yielding fee code NB, pursuant to
                                                    ‘‘Act’’),1 and Rule 19b-4 thereunder,2
                                                                                                            (‘‘BZX Options’’) to re-name NYSE MKT                 footnote 18, orders in securities priced
                                                    notice is hereby given that on July 24,
                                                                                                            as NYSE American throughout the fee                   below $1.00 will be charged 0.30% of
                                                    2017, Bats BZX Exchange, Inc. (the
                                                                                                            schedule.                                             the total dollar value of an execution.
                                                    ‘‘Exchange’’ or ‘‘BZX’’) filed with the
                                                                                                               The Exchange also proposes to modify
                                                    Securities and Exchange Commission                                                                            Implementation Date
                                                                                                            fees applicable to BZX Equities for
                                                    (‘‘Commission’’) the proposed rule
                                                                                                            orders routed to NYSE American in
                                                    change as described in Items I, II and III                                                                      The Exchange proposes to implement
                                                                                                            connection with changes made by NYSE
                                                    below, which Items have been prepared                                                                         the above changes to its fee schedule
                                                                                                            American to its fee structure. As of July
                                                    by the Exchange. The Exchange has                                                                             immediately.
                                                                                                            24, 2017, NYSE American transitioned
                                                    designated the proposed rule change as
                                                                                                            to a fully automated cash equities                    2. Statutory Basis
                                                    one establishing or changing a member
                                                                                                            market. In connection with this
                                                    due, fee, or other charge imposed by the                                                                         The Exchange believes that the
                                                                                                            transition, NYSE American updated its
                                                    Exchange under Section 19(b)(3)(A)(ii)                                                                        proposed rule changes are consistent
                                                                                                            fee structure in a variety of ways,
                                                    of the Act 3 and Rule 19b–4(f)(2)                                                                             with the objectives of Section 6 of the
                                                                                                            including to charge a fee to add non-
                                                    thereunder,4 which renders the                                                                                Act,7 in general, and furthers the
                                                                                                            displayed liquidity and to provide no
                                                    proposed rule change effective upon                                                                           objectives of Section 6(b)(4),8 in
                                                                                                            rebate (nor charge any fee) to add
                                                    filing with the Commission. The                                                                               particular, as it is designed to provide
                                                                                                            displayed liquidity.6
                                                    Commission is publishing this notice to                                                                       for the equitable allocation of reasonable
                                                                                                               The Exchange proposes to modify the
                                                    solicit comments on the proposed rule                                                                         dues, fees and other charges among its
                                                                                                            fee structure for orders that are routed
                                                    change from interested persons.                                                                               Members and other persons using its
                                                                                                            to and add liquidity at NYSE American,
                                                                                                                                                                  facilities. At the outset, the Exchange
                                                    I. Self-Regulatory Organization’s                       which yielded fee code 8 for displayed
                                                                                                                                                                  notes that its proposal to refer to NYSE
                                                    Statement of the Terms of Substance of                  liquidity and fee code NA for non-
                                                                                                                                                                  American is consistent with the Act as
                                                    the Proposed Rule Change                                displayed liquidity. Orders yielding fee
                                                                                                                                                                  it will avoid confusion with the
                                                       The Exchange filed a proposal to                     code 8 previously received a rebate of
                                                                                                                                                                  Exchange’s fee schedule by reflecting
                                                    amend the fee schedule applicable to                    $0.00150 per share and orders yielding
                                                                                                                                                                  NYSE MKT’s new name. The Exchange
                                                    Members 5 and non-Members of the                        fee code NA were not provided a rebate
                                                                                                                                                                  also notes that it operates in a highly-
                                                    Exchange pursuant to BZX Rules 15.1(a)                  or charged any fee.
                                                                                                                                                                  competitive market in which market
                                                    and (c).                                                   The Exchange proposes to continue to
                                                                                                                                                                  participants can readily direct order
                                                       The text of the proposed rule change                 apply fee code 8 to orders that add
                                                                                                                                                                  flow to competing venues if they deem
                                                    is available at the Exchange’s Web site                 displayed liquidity at NYSE American
                                                                                                                                                                  fee levels at a particular venue to be
                                                    at www.bats.com, at the principal office                but to change the rate from a rebate to
                                                                                                                                                                  excessive or incentives to be
                                                    of the Exchange, and at the                             a fee, charging orders that yield fee code
                                                                                                                                                                  insufficient. The proposed rule changes
                                                    Commission’s Public Reference Room.                     8 a fee of $0.00020 per share.
asabaliauskas on DSKBBXCHB2PROD with NOTICES




                                                                                                                                                                  are designed to react to pricing changes
                                                                                                               The Exchange also proposes to
                                                                                                                                                                  at NYSE American, to avoid subsidizing
                                                                                                            remove NYSE American (previously
                                                      1 15 U.S.C. 78s(b)(1).                                                                                      routing to such venue. Furthermore, the
                                                                                                            NYSE MKT) from the list of venues
                                                      2 17 CFR 240.19b–4.                                                                                         Exchange notes that routing through the
                                                      3 15 U.S.C. 78s(b)(3)(A)(ii).                         where an order that adds non-displayed
                                                                                                                                                                  Exchange’s affiliate, Bats Trading, Inc. is
                                                      4 17 CFR 240.19b–4(f)(2).                             liquidity yields fee code NA. The
                                                      5 The term ‘‘Member’’ is defined as ‘‘any
                                                                                                                                                                  voluntary.
                                                    registered broker or dealer that has been admitted        6 See SR–NYSEMKT–2017–43 (filed July 19,
                                                                                                                                                                    7 15   U.S.C. 78f.
                                                    to membership in the Exchange.’’ See Exchange           2017), available at: https://www.nyse.com/
                                                    Rule 1.5(n).                                            regulation/rule-filings?market=NYSE.                    8 15   U.S.C. 78f(b)(4).



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Document Created: 2017-08-08 00:17:40
Document Modified: 2017-08-08 00:17:40
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 37133 

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