82 FR 43056 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 176 (September 13, 2017)

Page Range		43056-43057
FR Document		2017-19360

Federal Register, Volume 82 Issue 176 (Wednesday, September 13, 2017)

[Federal Register Volume 82, Number 176 (Wednesday, September 13, 2017)]
[Notices]
[Pages 43056-43057]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-19360]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; 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 10b-17, SEC File No. 270-427, OMB Control No. 3235-
0476.

    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'') has submitted to the Office of Management 
and Budget (``OMB'') a request for approval of extension of the 
previously approved collection of information provided for in Rule 10b-
17 (17 CFR 240.10b-17), under the Securities Exchange Act of 1934 (15 
U.S.C 78a et seq.).
    Rule 10b-17 requires any issuer of a class of securities publicly 
traded by the use of any means or instrumentality of interstate 
commerce or of the mails or of any facility of any national securities 
exchange to give notice of the following specific distributions 
relating to such class of securities: (1) A dividend or other 
distribution in cash or in kind other than interest payments on debt 
securities; (2) a stock split or reverse stock split; or (3) a rights 
or other subscription offering. Notice shall be either given to the 
Financial Industry Regulatory Authority, Inc. as successor to the 
National Association of Securities Dealers, Inc. or in accordance with 
the procedures of the national securities exchange upon which the 
securities are registered. The Commission may exempt an issuer of over-
the-counter (but not listed) securities from the notice requirement. 
The requirements of 10b-17 do not apply to redeemable securities of 
registered open-end investment companies or unit investment trusts.
    The information required by Rule 10b-17 is necessary for the 
execution of the Commission's mandate under the Securities Exchange Act 
of 1934 to prevent fraudulent, manipulative, and deceptive acts and 
practices. The Commission has found that not requiring formal notices 
of the types of distributions covered by Rule 10b-17 has led to a 
number of abuses including purchasers not being aware of their rights 
to such distributions. It is only through formal notice of the 
distribution, including the date of the distribution, that current 
holders, potential buyers, or potential sellers of the securities at 
issue will know their rights to the distribution. Therefore, it is only 
through formal notice that investors can make an informed decision as 
to whether to buy or sell a security.
    There are approximately 12,127 respondents per year. These 
respondents make approximately 27,144 responses per year. Each response 
takes approximately 10 minutes to complete. Thus, the total compliance 
burden per year is 4,524 burden hours. The total internal labor cost of 
compliance for the respondents, associated with producing and filing 
the reports, is approximately $317,991.96.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information

[[Page 43057]]

under the PRA unless it displays a currently valid OMB control number.
    The public may view background documentation for this information 
collection at the following Web site: http://www.reginfo.gov. Comments 
should be directed to: (i) Desk Officer for the Securities and Exchange 
Commission, Office of Information and Regulatory Affairs, Office of 
Management and Budget, Room 10102, New Executive Office Building, 
Washington, DC 20503, or by sending an email to: 
[email protected]; and (ii) Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or by sending an 
email to: [email protected]. Comments must be submitted to OMB within 
30 days of this notice.

    Dated: September 7, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-19360 Filed 9-12-17; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 176 / Wednesday, September 13, 2017 / Notices 43057

under the PRA unless it displays a I. Self-Regulatory Organization’s the Merger, the NYSE Arca Equities
currently valid OMB control number. Statement of the Terms of Substance of rules were integrated into the NYSE
The public may view background the Proposed Rule Change Arca rules, so that there is now one
documentation for this information The Exchange proposes to amend its NYSE Arca rulebook.6 As part of such
collection at the following Web site: rules to make technical and conforming integration, some of the NYSE Arca
http://www.reginfo.gov. Comments updates in connection with (a) the rules were renumbered. Accordingly,
should be directed to: (i) Desk Officer merger of NYSE Arca Equities, Inc. with the Exchange proposes to amend certain
for the Securities and Exchange and into the Exchange’s affiliate NYSE of its rules, as detailed below, to make
Arca, Inc. and (b) the name change of technical and conforming updates to its
Commission, Office of Information and
NYSE National, Inc. The proposed rules that cross reference the NYSE Arca
Regulatory Affairs, Office of
change is available on the Exchange’s rules and delete references to the NYSE
Management and Budget, Room 10102,
Web site at www.nyse.com, at the Arca Equities.
New Executive Office Building, In January 2017, the Exchange’s
Washington, DC 20503, or by sending an principal office of the Exchange, and at
the Commission’s Public Reference parent NYSE Group, Inc. acquired all
email to: Shagufta_Ahmed@ the capital stock of National Stock
omb.eop.gov; and (ii) Pamela Dyson, Room.
Exchange, Inc., which was renamed
Director/Chief Information Officer, II. Self-Regulatory Organization’s ‘‘NYSE National, Inc.’’ 7 The Exchange
Securities and Exchange Commission, Statement of the Purpose of, and proposes to update a reference to
c/o Remi Pavlik-Simon, 100 F Street Statutory Basis for, the Proposed Rule National Stock Exchange, Inc. found in
NE., Washington, DC 20549 or by Change the Exchange’s rules to reflect the new
sending an email to: PRA_Mailbox@ In its filing with the Commission, the name of such entity, NYSE National,
sec.gov. Comments must be submitted to self-regulatory organization included Inc.
OMB within 30 days of this notice. statements concerning the purpose of, Proposed Rule Changes
Dated: September 7, 2017. and basis for, the proposed rule change
and discussed any comments it received • In Exchange Rule 5.2(j) (Exchange
Eduardo A. Aleman,
on the proposed rule change. The text Traded Products), the Exchange
Assistant Secretary. proposes to update the cross references
[FR Doc. 2017–19360 Filed 9–12–17; 8:45 am]
of those statements may be examined at
the places specified in Item IV below. to NYSE Arca Equities Rule 5.2(j)(1) by
BILLING CODE 8011–01–P
The Exchange has prepared summaries, deleting the word ‘‘Equities’’ from the
set forth in sections A, B, and C below, term ‘‘NYSE Arca Equities Rule’’ and
of the most significant parts of such appending an ‘‘-E’’ to the end of the rule
SECURITIES AND EXCHANGE number. The new cross reference would
statements.
COMMISSION be to ‘‘NYSE Arca Rule 5.2–E(j)(1).’’
A. Self-Regulatory Organization’s Similarly, the Exchange proposes to
[Release No. 34–81548; File No. SR–NYSE– Statement of the Purpose of, and the update the cross references to
2017–44] Statutory Basis for, the Proposed Rule subsections of NYSE Arca Options Rule
Change 5.13 and to NYSE Arca Options Rule 5.3
Self-Regulatory Organizations; New 1. Purpose by deleting the word ‘‘Options’’ form
York Stock Exchange LLC; Notice of the term ‘‘NYSE Arca Options Rule’’
Filing and Immediate Effectiveness of The Exchange proposes to amend its and appending an ‘‘-O’’ to the end of the
Proposed Change To Amend Its Rules rules to make technical and conforming rules number. The new cross references
To Make Technical and Conforming updates in connection with (a) the would be to ‘‘NYSE Arca Rule 5.13–O’’
merger of NYSE Arca Equities, Inc. and ‘‘NYSE Arca Rule 5.3–O,’’
Updates, in Connection With the
(‘‘NYSE Arca Equities’’) with and into respectively, followed by any relevant
Merger of NYSE Arca Equities, Inc.
the Exchange’s affiliate NYSE Arca, Inc. subsection of the rule.
With and Into the Exchange’s Affiliate
(‘‘NYSE Arca’’), and (b) the name • In Exchange Rules 8.4 (Account
NYSE Arca, Inc. and the Name Change
change of NYSE National, Inc. Approval), 8.5 (Suitability), 8.6
of NYSE National, Inc.
Background (Discretionary Accounts), 8.7
September 7, 2017. (Supervision of Accounts), 8.8
On June 2, 2017, the Exchange’s
Pursuant to section 19(b)(1) 1 of the affiliate, NYSE Arca, filed rule changes (Customer Complaints), the Exchange
Securities Exchange Act of 1934 (the with the Commission in connection proposes to update the references to
‘‘Act’’) 2 and Rule 19b–4 thereunder,3 with the proposed merger of NYSE NYSE Arca Equities Rules 9.18 by
notice is hereby given that, on August Arca’s wholly-owned subsidiary, NYSE deleting the word ‘‘Equities’’ from the
25, 2017, New York Stock Exchange Arca Equities, with and into NYSE Arca term ‘‘NYSE Arca Equities Rules’’ and
LLC (‘‘NYSE’’ or the ‘‘Exchange’’) filed (the ‘‘Merger’’).4 The proposed changes appending an ‘‘-E’’ to the end of the rule
with the Securities and Exchange number. The new cross references
were approved by the Commission on
Commission (the ‘‘Commission’’) the would be to ‘‘NYSE Arca Rule 9.18–E,’’
August 17, 2017, and the Merger
proposed rule change as described in followed by any relevant subsection of
occurred on that same date.5
Prior to the Merger, NYSE Arca had the rule.
Items I and II below, which Items have
two rulebooks: the NYSE Arca rules for • In Exchange Rule 8.9 (Prior
been prepared by the self-regulatory
its options market and the NYSE Arca Approval of Certain Communications to
sradovich on DSK3GMQ082PROD with NOTICES

organization. The Commission is
Equities rules for its equities market. At Customers) the Exchange proposes to
publishing this notice to solicit
update the cross references to NYSE
comments on the proposed rule change
4 See Securities Exchange Act Release No. 80929 Arca Equities Rule 9.28 by deleting the
from interested persons.
(June 14, 2017), 82 FR 28157 (June 20, 2017) (SR–
NYSEArca–2017–40). 6 Seeid. at 40044.
1 15 U.S.C. 78s(b)(1). 5 See Securities Exchange Act Release No. 81419 7 SeeSecurities Exchange Act Release No. 79902
2 15 U.S.C. 78a.
(August 17, 2017), 82 FR 40044 (August 23, 2017) (January 30, 2017), 82 FR 9258 (February 3, 2017)
3 17 CFR 240.19b–4. (SR–NYSEArca–2017–40). (SR–NSX–2016–16).

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Document Created: 2017-09-13 00:09:06
Document Modified: 2017-09-13 00:09:06

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 43056