82 FR 57320 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 231 (December 4, 2017)

Page Range		57320-57321
FR Document		2017-25977

Federal Register, Volume 82 Issue 231 (Monday, December 4, 2017)

[Federal Register Volume 82, Number 231 (Monday, December 4, 2017)]
[Notices]
[Pages 57320-57321]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-25977]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-423, OMB Control No. 3235-0472]


Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: U.S. Securities and 
Exchange Commission, Office of FOIA Services, 100 F Street NE., 
Washington, DC 20549-2736

Extension:
    Rule 15c1-6.

    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 
existing collection of information provided for in Rule 15c1-6 (17 CFR 
240.15c1-6) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et 
seq.) (Exchange Act).
    Rule 15c1-6 states that any broker-dealer trying to sell to or buy 
from a customer a security in a primary or secondary distribution in 
which the broker-dealer is participating or is otherwise financially 
interested must give the customer written notification of the broker-
dealer's participation or interest at or before completion of the 
transaction. The Commission estimates that 394 respondents collect 
information annually under Rule 15c1-6 and that

[[Page 57321]]

each respondent would spend approximately 10 hours annually complying 
with the collection of information requirement (approximately 3,940 
hours in aggregate).
    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.
    The public may view background documentation for this information 
collection at the following Web site: 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: November 28, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-25977 Filed 12-1-17; 8:45 am]
BILLING CODE 8011-01-P

57320 Federal Register / Vol. 82, No. 231 / Monday, December 4, 2017 / Notices

The Exchange’s regulatory III. Date of Effectiveness of the Reference Room, 100 F Street NE.,
responsibilities are the same regardless Proposed Rule Change and Timing for Washington, DC 20549, on official
of whether a Permit Holder executes a Commission Action business days between the hours of
transaction or clears a transaction The foregoing rule change has become 10:00 a.m. and 3:00 p.m. Copies of the
executed on its behalf. The Exchange effective pursuant to Section 19(b)(3)(A) filing also will be available for
regularly reviews all such activity, of the Act 12 and paragraph (f) of Rule inspection and copying at the principal
including performing surveillance for 19b–4 13 thereunder. At any time within office of the Exchange. All comments
position limit violations, manipulation, 60 days of the filing of the proposed rule received will be posted without change.
insider trading, front-running and change, the Commission summarily may Persons submitting comments are
contrary exercise advice violations. The temporarily suspend such rule change if cautioned that we do not redact or edit
Exchange believes the proposal is it appears to the Commission that such personal identifying information from
equitable and not unfairly action is necessary or appropriate in the comment submissions. You should
discriminatory because it would apply public interest, for the protection of submit only information that you wish
in the same manner to Permit Holders investors, or otherwise in furtherance of to make available publicly. All
subject to the ORF. The ORF is only the purposes of the Act. If the submissions should refer to File No.
assessed to a Permit Holder with respect Commission takes such action, the SR–C2–2017–031, and should be
to a particular transaction in which it is Commission will institute proceedings submitted on or before December 26,
either the Executing Clearing Firm or to determine whether the proposed rule 2017.
the Clearing Give-up. change should be approved or For the Commission, by the Division of
The Exchange believes it is disapproved. Trading and Markets, pursuant to delegated
reasonable, equitable and authority.14
IV. Solicitation of Comments
nondiscriminatory to reimburse its Eduardo A. Aleman,
routing broker for any options Interested persons are invited to Assistant Secretary.
regulatory fees the broker incurs in submit written data, views, and [FR Doc. 2017–25991 Filed 12–1–17; 8:45 am]
connection with Routing Services arguments concerning the foregoing,
BILLING CODE 8011–01–P
because this helps ensure the Exchange including whether the proposed rule
does not charge the ORF more than once change is consistent with the Act.
to a single customer order. Comments may be submitted by any of SECURITIES AND EXCHANGE
The Exchange believes the proposal to the following methods: COMMISSION
require Permit Holders to provide the Electronic Comments [SEC File No. 270–423, OMB Control No.
Exchange with a complete list of its
• Use the Commission’s Internet 3235–0472]
OCC clearing numbers is reasonable
comment form (http://www.sec.gov/
because it would enable the Exchange to Submission for OMB Review;
rules/sro.shtml); or
conform its ORF billing practice to its • Send an email to rule-comments@ Comment Request
Fees Schedule by capturing transactions sec.gov. Please include File No. SR–C2–
executed or cleared by Permit Holders. Upon Written Request, Copies Available
2017–031 on the subject line. From: U.S. Securities and Exchange
The Exchange believes the proposal is
equitable and not unfairly Paper Comments Commission, Office of FOIA Services,
100 F Street NE., Washington, DC
discriminatory because it would apply • Send paper comments in triplicate
in the same manner to Permit Holders 20549–2736
to Secretary, Securities and Exchange
subject to the ORF. Commission, 100 F Street NE., Extension:
Washington, DC 20549–1090. Rule 15c1–6.
B. Self-Regulatory Organization’s
Statement on Burden on Competition All submissions should refer to File No. Notice is hereby given that pursuant
SR–C2–2017–031. This file number to the Paperwork Reduction Act of 1995
The Exchange does not believe that should be included on the subject line (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
the proposed rule change will impose if email is used. To help the Securities and Exchange Commission
any burden on competition that is not Commission process and review your (‘‘Commission’’) has submitted to the
necessary or appropriate in furtherance comments more efficiently, please use Office of Management and Budget
of the purposes of the Act. The only one method. The Commission will (‘‘OMB’’) a request for approval of
proposed rule change is not intended to post all comments on the Commission’s extension of the existing collection of
address any competitive issues but Internet Web site (http://www.sec.gov/ information provided for in Rule 15c1–
rather to provide more clarity and rules/sro.shtml). Copies of the 6 (17 CFR 240.15c1–6) under the
transparency regarding how the submission, all subsequent Securities Exchange Act of 1934 (15
Exchange assesses and collects the ORF. amendments, all written statements U.S.C. 78a et seq.) (Exchange Act).
The Exchange believes any burden on with respect to the proposed rule Rule 15c1–6 states that any broker-
competition imposed by the proposed change that are filed with the dealer trying to sell to or buy from a
rule change is outweighed by the need Commission, and all written customer a security in a primary or
to help the Exchange adequately fund communications relating to the secondary distribution in which the
its regulatory activities to ensure proposed rule change between the broker-dealer is participating or is
compliance with the Exchange Act. Commission and any person, other than otherwise financially interested must
sradovich on DSK3GMQ082PROD with NOTICES

C. Self-Regulatory Organization’s those that may be withheld from the give the customer written notification of
Statement on Comments on the public in accordance with the the broker-dealer’s participation or
Proposed Rule Change Received From provisions of 5 U.S.C. 552, will be interest at or before completion of the
Members, Participants, or Others available for Web site viewing and transaction. The Commission estimates
printing in the Commission’s Public that 394 respondents collect information
The Exchange neither solicited nor annually under Rule 15c1–6 and that
received comments on the proposed 12 15 U.S.C. 78s(b)(3)(A).
rule change. 13 17 CFR 240.19b–4(f). 14 17 CFR 200.30–3(a)(12).

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Federal Register / Vol. 82, No. 231 / Monday, December 4, 2017 / Notices 57321

each respondent would spend comments on the proposed rule change time to test and implement this
approximately 10 hours annually from interested persons. functionality on INET. The Exchange
complying with the collection of proposes to amend the rule text in
I. Self-Regulatory Organization’s
information requirement (approximately GEMX Rule 721 (Crossing Orders) to
Statement of the Terms of Substance of
3,940 hours in aggregate). the Proposed Rule Change note that this QCC functionality will be
An agency may not conduct or available on or before March 31, 2018,
The Exchange proposes to extend the
sponsor, and a person is not required to to be announced to Members in an
implementation delay of Qualified
respond to, a collection of information Options Trader Alert.7
Contingent Cross Order 3 functionalities
under the PRA unless it displays a on GEMX. 2. Statutory Basis
currently valid OMB control number. The text of the proposed rule change
The public may view background is available on the Exchange’s Web site The Exchange believes that its
documentation for this information at http:// proposal is consistent with Section 6(b)
collection at the following Web site: nasdaqgemx.cchwallstreet.com/, at the of the Act,8 in general, and furthers the
www.reginfo.gov. Comments should be principal office of the Exchange, and at objectives of Section 6(b)(5) of the Act,9
directed to: (i) Desk Officer for the the Commission’s Public Reference in particular, in that it is designed to
Securities and Exchange Commission, Room. promote just and equitable principles of
Office of Information and Regulatory II. Self-Regulatory Organization’s trade, to remove impediments to and
Affairs, Office of Management and Statement of the Purpose of, and perfect the mechanism of a free and
Budget, Room 10102, New Executive Statutory Basis for, the Proposed Rule open market and a national market
Office Building, Washington, DC 20503, Change system, and, in general to protect
or by sending an email to: Shagufta_ investors and the public interest
Ahmed@omb.eop.gov; and (ii) Pamela In its filing with the Commission, the
Exchange included statements because the Exchange desires additional
Dyson, Director/Chief Information time to test and implement this
Officer, Securities and Exchange concerning the purpose of and basis for
the proposed rule change and discussed functionality on INET.
Commission, c/o Remi Pavlik-Simon,
100 F Street NE., Washington, DC any comments it received on the The Exchange believes that further
20549, or by sending an email to: PRA_ proposed rule change. The text of these delaying the implementation of the
Mailbox@sec.gov. Comments must be statements may be examined at the Qualified Contingent Cross Order
submitted to OMB within 30 days of places specified in Item IV below. The functionality on GEMX is consistent
this notice. Exchange has prepared summaries, set with the Act and protects investors and
forth in sections A, B, and C below, of public interest because the Exchange is
Dated: November 28, 2017. the most significant aspects of such
Eduardo A. Aleman,
allowing additional time to test this
statements. technology before implementing it on
Assistant Secretary.
A. Self-Regulatory Organization’s INET. The Exchange believes that
[FR Doc. 2017–25977 Filed 12–1–17; 8:45 am]
Statement of the Purpose of, and additional testing will ensure a
BILLING CODE 8011–01–P
Statutory Basis for, the Proposed Rule successful roll-out. Members are already
Change aware that this functionality is delayed.
SECURITIES AND EXCHANGE 1. Purpose The Exchange will provide Members
COMMISSION notice of the date when the
The Exchange proposes to extend the
functionality will be available. This
implementation delay of Qualified
functionality will be available on or
[Release No. 34–82159; File No. SR–GEMX– Contingent Cross Order 4 functionalities
2017–53] on GEMX. During the replatform to before March 31, 2018. This proposed
INET, the Exchange initially delayed the delay was announced to Members
Self-Regulatory Organizations; Nasdaq implementation of Qualified Contingent recently in an Options Traders Alert.10
GEMX, LLC; Notice of Filing and Cross Order functionality.5 At that time, B. Self-Regulatory Organization’s
Immediate Effectiveness of Proposed the Exchange noted the Exchange would
Rule Change To Extend the Statement on Burden on Competition
introduce the Qualified Contingent
Implementation Delay of Qualified Cross on GEMX within one year from The Exchange does not believe that
Contingent Cross Order the date of filing SR–ISEGemini–2016– the proposed rule change will impose
Functionalities 17, otherwise the Exchange would file a any burden on competition not
November 28, 2017. rule proposal with the Commission to necessary or appropriate in furtherance
remove this rule. The Exchange filed the of the purposes of the Act. The
Pursuant to Section 19(b)(1) of the initial rule change on December 16, Exchange does not believe that the
Securities Exchange Act of 1934 2016.6 The proposed extended delay proposed rule change will impose any
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 will permit the Exchange additional
notice is hereby given that on November burden on intra-market competition
16, 2017, Nasdaq GEMX, LLC (‘‘GEMX’’ 3 A Qualified Contingent Cross Order is
because all Members uniformly will not
or ‘‘Exchange’’) filed with the Securities comprised of an originating order to buy or sell at be able to submit Qualified Contingent
and Exchange Commission least 1000 contracts that is identified as being part Cross Orders during the extended
of a qualified contingent trade, as that term is implementation delay.
(‘‘Commission’’) the proposed rule
sradovich on DSK3GMQ082PROD with NOTICES

defined in Supplementary Material .01 below [sic],
change as described in Items I and II coupled with a contra-side order or orders totaling
below, which Items have been prepared an equal number of contracts. See GEMX Rules 7 The Exchange issued on Options Trader Alert
by the Exchange. The Commission is 715(j).
4 Id.
on November 15, 2017. See Options Trader Alert
publishing this notice to solicit 5 See Securities Exchange Act Release No. 80011
2017–17 [sic].
8 15 U.S.C. 78f(b).
(February 10, 2017), 82 FR 10927 (February 16,
1 15 9 15 U.S.C. 78f(b)(5).
U.S.C. 78s(b)(1). 2017) (SR–ISEGemini–2016–17).
2 17 CFR 240.19b–4. 6 Id. 10 See note 7 above.

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Document Created: 2017-12-02 00:41:18
Document Modified: 2017-12-02 00:41:18

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 57320