82 FR 41080 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 166 (August 29, 2017)

Page Range		41080-41080
FR Document		2017-18350

Federal Register, Volume 82 Issue 166 (Tuesday, August 29, 2017)

[Federal Register Volume 82, Number 166 (Tuesday, August 29, 2017)]
[Notices]
[Page 41080]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-18350]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission will hold a closed meeting on Thursday, August 
31, 2017 at 2 p.m.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the closed meeting. 
Certain staff members who have an interest in the matters also may be 
present.
    The General Counsel of the Commission, or his designee, has 
certified that, in his opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR 
200.402(a)(3), (a)(5), (a)(7), (a)(9)(ii) and (a)(10), permit 
consideration of the scheduled matters at the closed meeting.
    Commissioner Piwowar, as duty officer, voted to consider the items 
listed for the closed meeting in closed session.
    The subject matters of the closed meeting will be:
    Institution and settlement of injunctive actions;
    Institution and settlement of administrative proceedings;
    Adjudicatory matters;
    Resolution of litigation claims; and
    Other matters relating to enforcement proceedings.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.
    For further information and to ascertain what, if any, matters have 
been added, deleted or postponed; please contact Brent J. Fields from 
the Office of the Secretary at (202) 551-5400.

    Dated: August 24, 2017.
Brent J. Fields,
Secretary.
[FR Doc. 2017-18350 Filed 8-25-17; 11:15 am]
 BILLING CODE 8011-01-P

41080 Federal Register / Vol. 82, No. 166 / Tuesday, August 29, 2017 / Notices

disapprove, the proposed rule change SECURITIES AND EXCHANGE year 2018 is $620,000,000. Section
(File No. SR–BatsEDGX–2017–29). COMMISSION 6(b)(6)(B) defines the ‘‘baseline estimate
For the Commission, by the Division of [Release Nos. 33–10407; 34–81476/August
of the aggregate maximum offering
Trading and Markets, pursuant to delegated 24, 2017] prices’’ for fiscal year 2018 as ‘‘the
authority.6 baseline estimate of the aggregate
Eduardo A. Aleman, Order Making Fiscal Year 2018 Annual maximum offering price at which
Assistant Secretary. Adjustments to Registration Fee Rates securities are proposed to be offered
[FR Doc. 2017–18241 Filed 8–28–17; 8:45 am] pursuant to registration statements filed
I. Background
BILLING CODE 8011–01–P with the Commission during [fiscal year
The Commission collects fees under 2018] as determined by the
various provisions of the securities Commission, after consultation with the
SECURITIES AND EXCHANGE laws. Section 6(b) of the Securities Act Congressional Budget Office and the
COMMISSION of 1933 (‘‘Securities Act’’) requires the Office of Management and Budget . . .
Commission to collect fees from issuers
.’’
Sunshine Act Meeting on the registration of securities.1 Section
13(e) of the Securities Exchange Act of To make the baseline estimate of the
Notice is hereby given, pursuant to 1934 (‘‘Exchange Act’’) requires the aggregate maximum offering price for
the provisions of the Government in the Commission to collect fees on specified fiscal year 2018, the Commission is
Sunshine Act, Public Law 94–409, that repurchases of securities.2 Section 14(g) using a methodology that has been used
the Securities and Exchange of the Exchange Act requires the in prior fiscal years and that was
Commission will hold a closed meeting Commission to collect fees on specified developed in consultation with the
on Thursday, August 31, 2017 at 2 p.m. proxy solicitations and statements in Congressional Budget Office (‘‘CBO’’)
Commissioners, Counsel to the corporate control transactions.3 These and Office of Management and Budget
Commissioners, the Secretary to the provisions require the Commission to (‘‘OMB’’).6 Using this methodology, the
Commission, and recording secretaries make annual adjustments to the Commission determines the ‘‘baseline
will attend the closed meeting. Certain applicable fee rates. estimate of the aggregate maximum
staff members who have an interest in II. Fiscal Year 2018 Annual Adjustment offering price’’ for fiscal year 2018 to be
the matters also may be present. to Fee Rates $4,981,648,951,511. Based on this
The General Counsel of the estimate, the Commission calculates the
Commission, or his designee, has Section 6(b)(2) of the Securities Act
requires the Commission to make an fee rate for fiscal 2018 to be $124.50 per
certified that, in his opinion, one or million. This adjusted fee rate applies to
annual adjustment to the fee rate
more of the exemptions set forth in 5 Section 6(b) of the Securities Act, as
applicable under Section 6(b).4 The
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) well as to Sections 13(e) and 14(g) of the
annual adjustment to the fee rate under
and 17 CFR 200.402(a)(3), (a)(5), (a)(7), Exchange Act.
Section 6(b) of the Securities Act also
(a)(9)(ii) and (a)(10), permit
sets the annual adjustment to the fee
consideration of the scheduled matters III. Effective Dates of the Annual
rates under Sections 13(e) and 14(g) of
at the closed meeting. Adjustments
the Exchange Act.5
Commissioner Piwowar, as duty Section 6(b)(2) sets forth the method
officer, voted to consider the items The fiscal year 2018 annual
for determining the annual adjustment adjustments to the fee rates applicable
listed for the closed meeting in closed to the fee rate under Section 6(b) for
session. under Section 6(b) of the Securities Act
fiscal year 2018. Specifically, the
The subject matters of the closed and Sections 13(e) and 14(g) of the
Commission must adjust the fee rate
meeting will be: under Section 6(b) to a ‘‘rate that, when Exchange Act will be effective on
applied to the baseline estimate of the October 1, 2017.7
Institution and settlement of
injunctive actions; aggregate maximum offering prices for IV. Conclusion
Institution and settlement of [fiscal year 2018], is reasonably likely to
administrative proceedings; produce aggregate fee collections under Accordingly, pursuant to Section 6(b)
Adjudicatory matters; [Section 6(b)] that are equal to the target of the Securities Act and Sections 13(e)
fee collection amount for [fiscal year and 14(g) of the Exchange Act,8
Resolution of litigation claims; and 2018].’’ That is, the adjusted rate is
Other matters relating to enforcement It is hereby ordered that the fee rates
determined by dividing the ‘‘target fee applicable under Section 6(b) of the
proceedings. collection amount’’ for fiscal year 2018
At times, changes in Commission Securities Act and Sections 13(e) and
by the ‘‘baseline estimate of the
priorities require alterations in the 14(g) of the Exchange Act shall be
aggregate maximum offering prices’’ for
scheduling of meeting items. fiscal year 2018. $124.50 per million effective on October
For further information and to Section 6(b)(6)(A) specifies that the 1, 2017.
ascertain what, if any, matters have been ‘‘target fee collection amount’’ for fiscal
added, deleted or postponed; please 6 Appendix A explains how we determined the

contact Brent J. Fields from the Office of 1 15 U.S.C. 77f(b). ‘‘baseline estimate of the aggregate maximum
the Secretary at (202) 551–5400.
2 15 U.S.C. 78m(e). offering price’’ for fiscal year 2018 using our
3 15 U.S.C. 78n(g). methodology, and then shows the arithmetical
sradovich on DSK3GMQ082PROD with NOTICES

Dated: August 24, 2017. 4 15 U.S.C. 77f(b)(2). The annual adjustments are process of calculating the fiscal year 2018 annual
Brent J. Fields, designed to adjust the fee rate in a given fiscal year adjustment based on that estimate. The appendix
so that, when applied to the aggregate maximum includes the data used by the Commission in
Secretary. offering price at which securities are proposed to making its ‘‘baseline estimate of the aggregate
[FR Doc. 2017–18350 Filed 8–25–17; 11:15 am] be offered for the fiscal year, it is reasonably likely
maximum offering price’’ for fiscal year 2018.
BILLING CODE 8011–01–P
to produce total fee collections under Section 6(b)
7 15 U.S.C. 77f(b)(4), 15 U.S.C. 78m(e)(6) and 15
equal to the ‘‘target fee collection amount’’ specified
in Section 6(b)(6)(A) for that fiscal year. U.S.C. 78n(g)(6).
6 17 CFR 200.30–3(a)(31). 5 15 U.S.C. 78m(e)(4) and 15 U.S.C. 78n(g)(4). 8 15 U.S.C. 77f(b), 78m(e) and 78n(g).

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Document Created: 2017-08-29 01:57:53
Document Modified: 2017-08-29 01:57:53

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 41080