82_FR_58710 82 FR 58473 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule Change Amending the NYSE Listed Company Manual To Modify Its Requirements With Respect to Delivery of Proxy Materials to the Exchange

82 FR 58473 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule Change Amending the NYSE Listed Company Manual To Modify Its Requirements With Respect to Delivery of Proxy Materials to the Exchange

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 237 (December 12, 2017)

Page Range58473-58475
FR Document2017-26687

Federal Register, Volume 82 Issue 237 (Tuesday, December 12, 2017)
[Federal Register Volume 82, Number 237 (Tuesday, December 12, 2017)]
[Notices]
[Pages 58473-58475]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-26687]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82225; File No. SR-NYSE-2017-42]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Filing of Proposed Rule Change Amending the NYSE Listed 
Company Manual To Modify Its Requirements With Respect to Delivery of 
Proxy Materials to the Exchange

December 6, 2017.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 
1934 (``Act''),\2\ and Rule 19b-4 thereunder,\3\ notice is hereby given 
that, on November 22, 2017, New York Stock Exchange LLC (``NYSE'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``SEC'' or ``Commission'') the proposed rule change as described in 
Items I, II, and III below, which Items have been prepared by the self-
regulatory organization. The Commission is publishing this notice to 
solicit comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C.78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to amend the NYSE Listed Company Manual (the 
``Manual'') to modify its requirements with respect to delivery of 
proxy materials to the Exchange. The proposed rule change is available 
on the Exchange's website at www.nyse.com, at the principal office of 
the Exchange, and at the Commission's Public Reference Room.

II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the self-regulatory organization 
included statements concerning the purpose of, and basis for, the 
proposed rule change and discussed any comments it received on the 
proposed rule change. The text of those statements may be examined at 
the places specified in Item IV below. The Exchange has prepared 
summaries, set forth in sections A, B, and C below, of the most 
significant parts of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and the 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to amend the Manual to modify its 
requirements with respect to delivery of proxy materials to the 
Exchange.
    The Manual currently includes two provisions requiring listed 
companies to provide physical copies of proxy materials to the 
Exchange. Section 204.00(B) requires listed companies to provide six 
hard copies of proxy materials not later than the date on which the 
material is physically or electronically delivered to shareholders. 
Section 402.01 requires listed companies to provide three definitive 
copies of the proxy material (together with proxy card) not later than 
the date on which such material is sent, or given, to any security 
holders.
    The Exchange proposes to delete from Section 204.00(B) a provision 
stating that listed companies are required to file hard copies of 
certain SEC reports and other material (such as proxies) with the 
Exchange, as this provision is inconsistent with the Exchange's 
proposed revised approach to the review of SEC filings. To that end, 
the Exchange proposes to modify Section 204.00(B) so as to require 
companies to send hard copy proxy materials to the Exchange only (i) in 
the circumstances specified by Section 402.01 in its proposed amended 
form and (ii) one hard copy of any filing that is not required to be 
filed through EDGAR, including pursuant to a hardship exemption granted 
by the SEC.
    In addition, the Exchange proposes to amend Section 402.01 to 
provide that listed companies will not be required to provide proxy 
materials to the Exchange in physical form, provided such proxy 
materials are included in an SEC filing available on the SEC's EDGAR 
filing system. Any listed company whose proxy materials are available 
on EDGAR but not filed pursuant to Schedule 14A under the Act will be 
required to provide to the Exchange information sufficient to identify 
such filing (by one of the means specified in Section 204.00(A)) not 
later than the date on which such material is sent, or given, to any 
security holders. Notwithstanding the foregoing, any listed company 
whose proxy materials are not included in their entirety (together with 
proxy card) in an SEC filing available on EDGAR will continue to be 
required to provide three physical copies of any proxy material not 
available on EDGAR to the Exchange not later than the date on which 
such material is sent, or given, to any security holders, consistent 
with the requirements of Rule 14a-6(b) under the Act.\4\ The Exchange 
also proposes to correct an erroneous reference to Rule 14-a(6)(c) 
[sic] in Section 402.01 to refer instead to part (c) of that rule.
---------------------------------------------------------------------------

    \4\ 17 CFR 14a-6(b).
---------------------------------------------------------------------------

    The Exchange notes that almost all U.S. domestic listed companies 
are subject to the SEC's proxy rules. Those companies are required to 
file their proxy materials on the SEC's EDGAR system and the relevant 
filings are readily identifiable as being filed under Schedule 14A 
under the U.S. proxy rules. Exchange staff receives alerts when filings 
are submitted to the SEC and generally reviews proxy materials on EDGAR 
shortly after filing. This review has generally been completed long 
before the Exchange receives hard copies of proxy materials and the 
Exchange therefore has no real need to receive hard copies.
    Listed foreign private issuers are not required to comply with the 
U.S. proxy rules, although the NYSE does require these companies to 
solicit proxies. However, many foreign private issuers furnish and 
submit their proxy materials to the SEC as part of a Form 6-K (or, in 
the case of foreign private issuers that voluntarily submit periodic 
reports applicable to domestic companies, proxy materials may instead 
be included in a Form 8-K). As foreign

[[Page 58474]]

private issuers often file or submit a significant number of Forms 6-K 
(or Form 8-K, as the case may be) during a year and there is no easy 
way to identify which one includes a company's proxy materials, the 
Exchange proposes to require listed foreign private issuers to provide 
to the Exchange in electronic format the information needed to identify 
the submission containing proxy materials. Similarly, domestic 
companies occasionally file their proxy materials with the SEC on EDGAR 
on forms other than Schedule 14A and which may not be readily 
identified by Exchange staff (for example, such material may be 
included in a Form S-4 registration statement). The Exchange's proposal 
would require such companies to provide electronically to the Exchange 
the information needed to identify the applicable filing in which the 
proxy material is included. In each of these cases, the information 
must be provided by one of the means specified in Section 204.00(A).\5\ 
However, in the event that an issuer is not required to file its proxy 
material on EDGAR (e.g., pursuant to a hardship exemption provided by 
the SEC staff \6\) or does not include all of the relevant proxy 
material in its entirety in a filing that can be reviewed on EDGAR, the 
company must provide three physical copies of all of the proxy material 
unavailable on EDGAR to the Exchange not later than the date on which 
such material is sent, or given, to any security holders.
---------------------------------------------------------------------------

    \5\ Section 204.00 requires that notice must be provided via a 
web portal or email address specified by the Exchange on its 
website, except in emergency situations, when notification may 
instead be provided by telephone and confirmed by facsimile as 
specified by the Exchange on its website.
    \6\ See 17 CFR 232.201 and .202.
---------------------------------------------------------------------------

    The Exchange's proposed approach would ensure that the Exchange 
staff will continue to be able to review all listed company proxy 
material in a timely manner and without disruption of existing review 
procedures. The proposal also has the benefit of eliminating a 
significant amount of unnecessary use of paper and of resources devoted 
to processing unneeded materials received through the mail.
    The Exchange recognizes that Rule 14a-6(b) under the Act requires 
listed companies that are subject to the U.S. proxy rules to deliver 
hard copies of proxy materials to their listing exchange. In this 
regard, the Exchange notes that it has previously been granted no 
action relief by the SEC staff in relation to the obligation of listed 
companies to provide hard copy material to the Exchange of materials 
filed with the SEC via EDGAR, including proxy materials.\7\ At the time 
that such no action relief was granted, the Exchange decided not to 
rely on it in relation to proxy materials, but believes that it is 
appropriate to do so now for the reasons set forth above.
---------------------------------------------------------------------------

    \7\ See letter dated July 22, 1998 from Ann M. Krauskopf, 
Special Counsel, Division of Corporation Finance, SEC, and Howard L. 
Kramer, Senior Associate Director, Office of Market Supervision, 
Division of Market Regulation, SEC, to Michael J. Simon, Milbank, 
Tweed, Hadley & McCloy (the ``1998 No-Action Letter''). The 1998 No-
Action Letter also granted the Exchange relief in relation to 
documents available for review on EDGAR from the recordkeeping 
requirements of Rule 17a-1 under the Act.
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with Section 6(b) \8\ of the Act, in general, and furthers the 
objectives of Section 6(b)(5) of the Act,\9\ in particular, in that it 
is designed to promote just and equitable principles of trade, to 
foster cooperation and coordination with persons engaged in regulating, 
clearing, settling, processing information with respect to, and 
facilitating transactions in securities, to remove impediments to and 
perfect the mechanism of a free and open market and a national market 
system, and, in general, to protect investors and the public interest 
and is not designed to permit unfair discrimination between customers, 
issuers, brokers, or dealers. The proposed rule change is consistent 
with the protection of investors and the public interest because the 
Exchange will generally be able to review proxy materials on EDGAR and 
will continue to require companies to provide proxy materials to the 
Exchange in physical form if they are not filed on EDGAR. It is 
consistent with the protection of investors and the public interest to 
require companies to provide the Exchange with information via its own 
online system as to how to identify the applicable SEC filing in which 
proxy materials not filed on Schedule 14A may be found, as this 
approach will enable the Exchange to review this material in a more 
timely and efficient manner. The ability of the Exchange to review 
material in a more timely manner furthers the goal of investor 
protection, as it enables the Exchange to identify regulatory issues 
more quickly and take corrective action where necessary. The Exchange 
recognizes that Rule 14a-6(b) under the Act requires listed companies 
that are subject to the U.S. proxy rules to deliver hard copies of 
proxy materials to their listing exchange. In this regard, the Exchange 
notes that it has previously been granted no action relief by the SEC 
staff in relation to the obligation of listed companies to provide hard 
copy material to the Exchange of materials filed with the SEC via 
EDGAR.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78f(b).
    \9\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will 
impose any burden on competition that is not necessary or appropriate 
in furtherance of the purpose of the Act. The Exchange does not believe 
that the proposed amendments will impose any burden on competition, as 
their purpose is to eliminate unnecessary deliveries of physical proxy 
materials to the Exchange.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    No written comments were solicited or received with respect to the 
proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Within 45 days of the date of publication of this notice in the 
Federal Register or up to 90 days (i) as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or (ii) as to which the self-regulatory 
organization consents, the Commission will:
    (A) By order approve or disapprove the proposed rule change, or
    (B) institute proceedings to determine whether the proposed rule 
change should be disapproved.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the proposed rule 
change is consistent with the Act. Comments may be submitted by any of 
the following methods:

Electronic Comments

     Use the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include 
File Number SR-NYSE-2017-42 on the subject line.

Paper Comments

     Send paper comments in triplicate to Secretary, Securities 
and Exchange

[[Page 58475]]

Commission, 100 F Street NE, Washington, DC 20549-1090.

All submissions should refer to File Number SR-NYSE-2017-42. This file 
number should be included on the subject line if email is used. To help 
the Commission process and review your comments more efficiently, 
please use only one method. The Commission will post all comments on 
the Commission's internet website (http://www.sec.gov/rules/sro.shtml). 
Copies of the submission, all subsequent amendments, all written 
statements with respect to the proposed rule change that are filed with 
the Commission, and all written communications relating to the proposed 
rule change between the Commission and any person, other than those 
that may be withheld from the public in accordance with the provisions 
of 5 U.S.C. 552, will be available for website viewing and printing in 
the Commission's Public Reference Room, 100 F Street NE, Washington, DC 
20549 on official business days between the hours of 10:00 a.m. and 
3:00 p.m. Copies of the filing also will be available for inspection 
and copying at the principal office of the Exchange. All comments 
received will be posted without change. Persons submitting comments are 
cautioned that we do not redact or edit personal identifying 
information from comment submissions. You should submit only 
information that you wish to make available publicly. All submissions 
should refer to File Number SR-NYSE-2017-42 and should be submitted on 
or before January 2, 2018.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-26687 Filed 12-11-17; 8:45 am]
 BILLING CODE 8011-01-P



                                                                          Federal Register / Vol. 82, No. 237 / Tuesday, December 12, 2017 / Notices                                            58473

                                               provisions of 5 U.S.C. 552, will be                     I. Self-Regulatory Organization’s                     specified by Section 402.01 in its
                                               available for website viewing and                       Statement of the Terms of Substance of                proposed amended form and (ii) one
                                               printing in the Commission’s Public                     the Proposed Rule Change                              hard copy of any filing that is not
                                               Reference Room, 100 F Street NE,                           The Exchange proposes to amend the                 required to be filed through EDGAR,
                                               Washington, DC 20549, on official                       NYSE Listed Company Manual (the                       including pursuant to a hardship
                                               business days between the hours of                      ‘‘Manual’’) to modify its requirements                exemption granted by the SEC.
                                               10:00 a.m. and 3:00 p.m. Copies of the                  with respect to delivery of proxy                        In addition, the Exchange proposes to
                                               filing also will be available for                       materials to the Exchange. The proposed               amend Section 402.01 to provide that
                                                                                                       rule change is available on the                       listed companies will not be required to
                                               inspection and copying at the principal
                                                                                                       Exchange’s website at www.nyse.com, at                provide proxy materials to the Exchange
                                               office of the Exchange. All comments
                                                                                                                                                             in physical form, provided such proxy
                                               received will be posted without change.                 the principal office of the Exchange, and
                                                                                                                                                             materials are included in an SEC filing
                                               Persons submitting comments are                         at the Commission’s Public Reference
                                                                                                                                                             available on the SEC’s EDGAR filing
                                               cautioned that we do not redact or edit                 Room.
                                                                                                                                                             system. Any listed company whose
                                               personal identifying information from                   II. Self-Regulatory Organization’s                    proxy materials are available on EDGAR
                                               comment submissions. You should                         Statement of the Purpose of, and                      but not filed pursuant to Schedule 14A
                                               submit only information that you wish                   Statutory Basis for, the Proposed Rule                under the Act will be required to
                                               to make available publicly. All                         Change                                                provide to the Exchange information
                                               submissions should refer to File                           In its filing with the Commission, the             sufficient to identify such filing (by one
                                               Number SR–CboeBZX–2017–007 and                          self-regulatory organization included                 of the means specified in Section
                                               should be submitted on or before                        statements concerning the purpose of,                 204.00(A)) not later than the date on
                                               January 2, 2018.                                        and basis for, the proposed rule change               which such material is sent, or given, to
                                                                                                       and discussed any comments it received                any security holders. Notwithstanding
                                                 For the Commission, by the Division of
                                                                                                       on the proposed rule change. The text                 the foregoing, any listed company
                                               Trading and Markets, pursuant to delegated
                                                                                                       of those statements may be examined at                whose proxy materials are not included
                                               authority.15
                                                                                                       the places specified in Item IV below.                in their entirety (together with proxy
                                               Eduardo A. Aleman,                                                                                            card) in an SEC filing available on
                                               Assistant Secretary.
                                                                                                       The Exchange has prepared summaries,
                                                                                                       set forth in sections A, B, and C below,              EDGAR will continue to be required to
                                               [FR Doc. 2017–26689 Filed 12–11–17; 8:45 am]
                                                                                                       of the most significant parts of such                 provide three physical copies of any
                                               BILLING CODE 8011–01–P
                                                                                                       statements.                                           proxy material not available on EDGAR
                                                                                                                                                             to the Exchange not later than the date
                                                                                                       A. Self-Regulatory Organization’s                     on which such material is sent, or given,
                                               SECURITIES AND EXCHANGE                                 Statement of the Purpose of, and the                  to any security holders, consistent with
                                               COMMISSION                                              Statutory Basis for, the Proposed Rule                the requirements of Rule 14a–6(b) under
                                                                                                       Change                                                the Act.4 The Exchange also proposes to
                                                                                                                                                             correct an erroneous reference to Rule
                                               [Release No. 34–82225; File No. SR–NYSE–                1. Purpose
                                               2017–42]                                                                                                      14–a(6)(c) [sic] in Section 402.01 to refer
                                                                                                          The Exchange proposes to amend the                 instead to part (c) of that rule.
                                                                                                       Manual to modify its requirements with                   The Exchange notes that almost all
                                               Self-Regulatory Organizations; New
                                                                                                       respect to delivery of proxy materials to             U.S. domestic listed companies are
                                               York Stock Exchange LLC; Notice of
                                                                                                       the Exchange.                                         subject to the SEC’s proxy rules. Those
                                               Filing of Proposed Rule Change                             The Manual currently includes two                  companies are required to file their
                                               Amending the NYSE Listed Company                        provisions requiring listed companies to              proxy materials on the SEC’s EDGAR
                                               Manual To Modify Its Requirements                       provide physical copies of proxy                      system and the relevant filings are
                                               With Respect to Delivery of Proxy                       materials to the Exchange. Section                    readily identifiable as being filed under
                                               Materials to the Exchange                               204.00(B) requires listed companies to                Schedule 14A under the U.S. proxy
                                                                                                       provide six hard copies of proxy                      rules. Exchange staff receives alerts
                                               December 6, 2017.
                                                                                                       materials not later than the date on                  when filings are submitted to the SEC
                                                  Pursuant to Section 19(b)(1) 1 of the                which the material is physically or                   and generally reviews proxy materials
                                               Securities Exchange Act of 1934                         electronically delivered to shareholders.             on EDGAR shortly after filing. This
                                               (‘‘Act’’),2 and Rule 19b–4 thereunder,3                 Section 402.01 requires listed                        review has generally been completed
                                               notice is hereby given that, on                         companies to provide three definitive                 long before the Exchange receives hard
                                               November 22, 2017, New York Stock                       copies of the proxy material (together                copies of proxy materials and the
                                               Exchange LLC (‘‘NYSE’’ or ‘‘Exchange’’)                 with proxy card) not later than the date              Exchange therefore has no real need to
                                               filed with the Securities and Exchange                  on which such material is sent, or given,             receive hard copies.
                                               Commission (‘‘SEC’’ or ‘‘Commission’’)                  to any security holders.                                 Listed foreign private issuers are not
                                               the proposed rule change as described                      The Exchange proposes to delete from               required to comply with the U.S. proxy
                                               in Items I, II, and III below, which Items              Section 204.00(B) a provision stating                 rules, although the NYSE does require
                                               have been prepared by the self-                         that listed companies are required to file            these companies to solicit proxies.
                                               regulatory organization. The                            hard copies of certain SEC reports and                However, many foreign private issuers
                                                                                                       other material (such as proxies) with the             furnish and submit their proxy materials
                                               Commission is publishing this notice to
                                                                                                       Exchange, as this provision is                        to the SEC as part of a Form 6–K (or, in
ethrower on DSK3G9T082PROD with NOTICES




                                               solicit comments on the proposed rule
                                                                                                       inconsistent with the Exchange’s                      the case of foreign private issuers that
                                               change from interested persons.
                                                                                                       proposed revised approach to the                      voluntarily submit periodic reports
                                                                                                       review of SEC filings. To that end, the               applicable to domestic companies,
                                                 15 17 CFR 200.30–3(a)(12).                            Exchange proposes to modify Section                   proxy materials may instead be
                                                 1 15 U.S.C.78s(b)(1).                                 204.00(B) so as to require companies to               included in a Form 8–K). As foreign
                                                 2 15 U.S.C. 78a.                                      send hard copy proxy materials to the
                                                 3 17 CFR 240.19b–4.                                   Exchange only (i) in the circumstances                  4 17   CFR 14a–6(b).



                                          VerDate Sep<11>2014   20:03 Dec 11, 2017   Jkt 244001   PO 00000   Frm 00096   Fmt 4703   Sfmt 4703   E:\FR\FM\12DEN1.SGM    12DEN1


                                               58474                      Federal Register / Vol. 82, No. 237 / Tuesday, December 12, 2017 / Notices

                                               private issuers often file or submit a                  material to the Exchange of materials                  of proxy materials to their listing
                                               significant number of Forms 6–K (or                     filed with the SEC via EDGAR,                          exchange. In this regard, the Exchange
                                               Form 8–K, as the case may be) during                    including proxy materials.7 At the time                notes that it has previously been granted
                                               a year and there is no easy way to                      that such no action relief was granted,                no action relief by the SEC staff in
                                               identify which one includes a                           the Exchange decided not to rely on it                 relation to the obligation of listed
                                               company’s proxy materials, the                          in relation to proxy materials, but                    companies to provide hard copy
                                               Exchange proposes to require listed                     believes that it is appropriate to do so               material to the Exchange of materials
                                               foreign private issuers to provide to the               now for the reasons set forth above.                   filed with the SEC via EDGAR.
                                               Exchange in electronic format the
                                                                                                       2. Statutory Basis                                     B. Self-Regulatory Organization’s
                                               information needed to identify the
                                               submission containing proxy materials.                     The Exchange believes that the                      Statement on Burden on Competition
                                               Similarly, domestic companies                           proposed rule change is consistent with                   The Exchange does not believe that
                                               occasionally file their proxy materials                 Section 6(b) 8 of the Act, in general, and             the proposed rule change will impose
                                               with the SEC on EDGAR on forms other                    furthers the objectives of Section 6(b)(5)             any burden on competition that is not
                                               than Schedule 14A and which may not                     of the Act,9 in particular, in that it is              necessary or appropriate in furtherance
                                               be readily identified by Exchange staff                 designed to promote just and equitable                 of the purpose of the Act. The Exchange
                                               (for example, such material may be                      principles of trade, to foster cooperation             does not believe that the proposed
                                               included in a Form S–4 registration                     and coordination with persons engaged                  amendments will impose any burden on
                                               statement). The Exchange’s proposal                     in regulating, clearing, settling,                     competition, as their purpose is to
                                               would require such companies to                         processing information with respect to,                eliminate unnecessary deliveries of
                                               provide electronically to the Exchange                  and facilitating transactions in                       physical proxy materials to the
                                               the information needed to identify the                  securities, to remove impediments to                   Exchange.
                                               applicable filing in which the proxy                    and perfect the mechanism of a free and
                                               material is included. In each of these                  open market and a national market                      C. Self-Regulatory Organization’s
                                               cases, the information must be provided                 system, and, in general, to protect                    Statement on Comments on the
                                               by one of the means specified in Section                investors and the public interest and is               Proposed Rule Change Received From
                                               204.00(A).5 However, in the event that                  not designed to permit unfair                          Members, Participants, or Others
                                               an issuer is not required to file its proxy             discrimination between customers,                        No written comments were solicited
                                               material on EDGAR (e.g., pursuant to a                  issuers, brokers, or dealers. The                      or received with respect to the proposed
                                               hardship exemption provided by the                      proposed rule change is consistent with                rule change.
                                               SEC staff 6) or does not include all of the             the protection of investors and the
                                                                                                       public interest because the Exchange                   III. Date of Effectiveness of the
                                               relevant proxy material in its entirety in
                                                                                                       will generally be able to review proxy                 Proposed Rule Change and Timing for
                                               a filing that can be reviewed on EDGAR,
                                                                                                       materials on EDGAR and will continue                   Commission Action
                                               the company must provide three
                                               physical copies of all of the proxy                     to require companies to provide proxy                    Within 45 days of the date of
                                               material unavailable on EDGAR to the                    materials to the Exchange in physical                  publication of this notice in the Federal
                                               Exchange not later than the date on                     form if they are not filed on EDGAR. It                Register or up to 90 days (i) as the
                                               which such material is sent, or given, to               is consistent with the protection of                   Commission may designate if it finds
                                               any security holders.                                   investors and the public interest to                   such longer period to be appropriate
                                                  The Exchange’s proposed approach                     require companies to provide the                       and publishes its reasons for so finding
                                               would ensure that the Exchange staff                    Exchange with information via its own                  or (ii) as to which the self-regulatory
                                               will continue to be able to review all                  online system as to how to identify the                organization consents, the Commission
                                               listed company proxy material in a                      applicable SEC filing in which proxy                   will:
                                               timely manner and without disruption                    materials not filed on Schedule 14A                      (A) By order approve or disapprove
                                               of existing review procedures. The                      may be found, as this approach will                    the proposed rule change, or
                                               proposal also has the benefit of                        enable the Exchange to review this                       (B) institute proceedings to determine
                                               eliminating a significant amount of                     material in a more timely and efficient                whether the proposed rule change
                                               unnecessary use of paper and of                         manner. The ability of the Exchange to                 should be disapproved.
                                               resources devoted to processing                         review material in a more timely
                                                                                                       manner furthers the goal of investor                   IV. Solicitation of Comments
                                               unneeded materials received through
                                               the mail.                                               protection, as it enables the Exchange to                Interested persons are invited to
                                                  The Exchange recognizes that Rule                    identify regulatory issues more quickly                submit written data, views, and
                                               14a–6(b) under the Act requires listed                  and take corrective action where                       arguments concerning the foregoing,
                                               companies that are subject to the U.S.                  necessary. The Exchange recognizes that                including whether the proposed rule
                                               proxy rules to deliver hard copies of                   Rule 14a–6(b) under the Act requires                   change is consistent with the Act.
                                               proxy materials to their listing                        listed companies that are subject to the               Comments may be submitted by any of
                                               exchange. In this regard, the Exchange                  U.S. proxy rules to deliver hard copies                the following methods:
                                               notes that it has previously been granted                                                                      Electronic Comments
                                                                                                         7 See letter dated July 22, 1998 from Ann M.
                                               no action relief by the SEC staff in
                                               relation to the obligation of listed                    Krauskopf, Special Counsel, Division of                  • Use the Commission’s internet
                                                                                                       Corporation Finance, SEC, and Howard L. Kramer,        comment form (http://www.sec.gov/
                                               companies to provide hard copy                          Senior Associate Director, Office of Market
                                                                                                                                                              rules/sro.shtml); or
ethrower on DSK3G9T082PROD with NOTICES




                                                                                                       Supervision, Division of Market Regulation, SEC, to
                                                 5 Section 204.00 requires that notice must be         Michael J. Simon, Milbank, Tweed, Hadley &               • Send an email to rule-comments@
                                               provided via a web portal or email address              McCloy (the ‘‘1998 No-Action Letter’’). The 1998       sec.gov. Please include File Number SR–
                                               specified by the Exchange on its website, except in     No-Action Letter also granted the Exchange relief in   NYSE–2017–42 on the subject line.
                                               emergency situations, when notification may             relation to documents available for review on
                                               instead be provided by telephone and confirmed by       EDGAR from the recordkeeping requirements of           Paper Comments
                                               facsimile as specified by the Exchange on its           Rule 17a–1 under the Act.
                                               website.                                                  8 15 U.S.C. 78f(b).                                    • Send paper comments in triplicate
                                                 6 See 17 CFR 232.201 and .202.                          9 15 U.S.C. 78f(b)(5).                               to Secretary, Securities and Exchange


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                                                                            Federal Register / Vol. 82, No. 237 / Tuesday, December 12, 2017 / Notices                                            58475

                                               Commission, 100 F Street NE,                              control access to Department of State                 Department of State, 2201 C Street, NW,
                                               Washington, DC 20549–1090.                                networks and computer systems.                        Washington, DC 20520 and can be
                                               All submissions should refer to File                      DATES: In accordance with 5 U.S.C.                    reached at either ITServiceCenter@
                                               Number SR–NYSE–2017–42. This file                         552a(e)(4) and (11), this system of                   state.gov or (202) 647–2000.
                                               number should be included on the                          records takes effect upon publication,
                                                                                                                                                               AUTHORITY FOR MAINTENANCE OF THE SYSTEM:
                                               subject line if email is used. To help the                with the exception of the routine uses
                                               Commission process and review your                        (a) and (b) that are subject to a 30-day                5 U.S.C. 301; 44 U.S.C. 3544.
                                               comments more efficiently, please use                     period during which interested persons                PURPOSE(S) OF THE SYSTEM:
                                               only one method. The Commission will                      may submit comments to the
                                                                                                         Department. Please submit any                           To administer Department network
                                               post all comments on the Commission’s
                                                                                                         comments by January 11, 2018.                         user accounts; to help document and/or
                                               internet website (http://www.sec.gov/
                                                                                                         ADDRESSES: Questions can be submitted
                                                                                                                                                               control access to computer systems,
                                               rules/sro.shtml). Copies of the
                                                                                                         by mail or email. If mail, please write to:           platforms, services, applications, and
                                               submission, all subsequent
                                                                                                         U.S. Department of State; Office of                   databases within a Department network
                                               amendments, all written statements
                                                                                                         Global Information Systems, Privacy                   and Department-authorized cloud
                                               with respect to the proposed rule
                                                                                                         Staff; A/GIS/PRV; SA–2, Suite 8100;                   services and applications; to monitor
                                               change that are filed with the
                                                                                                         Washington, DC 20522–0208. If email,                  security of computer systems; to
                                               Commission, and all written
                                                                                                         please address the email to the Chief                 investigate and make referrals for
                                               communications relating to the
                                                                                                         Privacy Officer, Margaret P. Grafeld, at              disciplinary or other actions if
                                               proposed rule change between the
                                                                                                         Privacy@state.gov. Please write                       unauthorized access or inappropriate
                                               Commission and any person, other than
                                                                                                         ‘‘Network User Account Records, State-                usage is suspected or detected; and to
                                               those that may be withheld from the
                                                                                                         56’’ on the envelope or the subject line              identify the need for training programs.
                                               public in accordance with the
                                               provisions of 5 U.S.C. 552, will be                       of your email.                                        CATEGORIES OF INDIVIDUALS COVERED BY THE
                                               available for website viewing and                         FOR FURTHER INFORMATION CONTACT:                      SYSTEM:
                                               printing in the Commission’s Public                       Margaret P. Grafeld, Chief Privacy                       Department of State employees and
                                               Reference Room, 100 F Street NE,                          Officer; U.S. Department of State; Office             other organizational users (examples
                                               Washington, DC 20549 on official                          of Global Information Services, A/GIS/                include eligible family members, locally
                                               business days between the hours of                        PRV; SA–2, Suite 8100; Washington, DC                 employed staff, contractors, and
                                               10:00 a.m. and 3:00 p.m. Copies of the                    20522–0208 or 202–261–8300.                           personal services contractors) who have
                                               filing also will be available for                         SUPPLEMENTARY INFORMATION: The                        access to Department of State computer
                                               inspection and copying at the principal                   purpose of this modification is to make               networks and access to cloud computing
                                               office of the Exchange. All comments                      substantive and administrative changes                applications that are authorized for
                                               received will be posted without change.                   to the previously published notice. This              processing Department information. The
                                               Persons submitting comments are                           notice modifies the following sections of             Privacy Act defines an individual at 5
                                               cautioned that we do not redact or edit                   State-56, Network User Account                        U.S.C.552a(a)(2) as a United States
                                               personal identifying information from                     Records: System Location, Categories of               citizen or lawful permanent resident.
                                               comment submissions. You should                           Individuals, Routine Uses, Storage,
                                               submit only information that you wish                     Safeguards. In addition, this notice                  CATEGORIES OF RECORDS IN THE SYSTEM:
                                               to make available publicly. All                           makes administrative updates to the                      This system of records consists of the
                                               submissions should refer to File                          following sections: Policies and                      network and application user account
                                               Number SR–NYSE–2017–42 and should                         Procedures for Retrieval of Records,                  records that Department information
                                               be submitted on or before January 2,                      Record Access Procedures, Notification                technology systems, applications, and
                                               2018.                                                     Procedures, and History. These changes                services compile and maintain about
                                                 For the Commission, by the Division of                  reflect the Department’s move to cloud                users of a network and application.
                                               Trading and Markets, pursuant to delegated                storage, new OMB guidance, access by                  These records include user data such as
                                               authority.10                                              contractors, updated contact                          the user’s name, system-assigned
                                               Eduardo A. Aleman,                                        information, and a notice publication                 username; email address; employee or
                                               Assistant Secretary.                                      history.                                              other user identification number;
                                               [FR Doc. 2017–26687 Filed 12–11–17; 8:45 am]                                                                    organization code; job title; business
                                                                                                         SYSTEM NAME AND NUMBER:                               affiliation; work contact information;
                                               BILLING CODE 8011–01–P
                                                                                                           Network User Account Records, State-                systems, applications, or services to
                                                                                                         56.                                                   which the individual has access;
                                                                                                                                                               systems, applications, or services used;
                                               DEPARTMENT OF STATE                                       SECURITY CLASSIFICATION:
                                                                                                                                                               dates, times, and durations of use;
                                                                                                           Unclassified.                                       profile photo; user profile; and IP
                                               [Public Notice: 10225]
                                                                                                         SYSTEM LOCATION:                                      address of access. The records also
                                               Privacy Act of 1974; System of                              Department of State (‘‘Department’’),               include system usage files and
                                               Records                                                   located at 2201 C Street NW,                          directories when they contain
                                                                                                         Washington, DC 20520, and within a                    information about specific users.
                                               AGENCY:  Department of State.                             government cloud provided,                            RECORD SOURCE CATEGORIES:
                                               ACTION:Notice of a Modified System of                     implemented, and overseen by the
ethrower on DSK3G9T082PROD with NOTICES




                                               Records.                                                  Department’s Enterprise Server                          Individuals about whom the network
                                                                                                         Operations Center (ESOC), 2201 C Street               user account record is maintained;
                                               SUMMARY:   This System of Records                                                                               information technology systems,
                                                                                                         NW, Washington, DC 20520.
                                               compiles information about Department                                                                           applications, and services within a
                                               of State user accounts to monitor and                     SYSTEM MANAGER(S):                                    Department network that record usage
                                                                                                           Chief Information Officer, Bureau of                by individuals assigned a user account
                                                 10 17   CFR 200.30–3(a)(12).                            Information Resource Management,                      on that network.


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Document Created: 2018-10-25 10:47:31
Document Modified: 2018-10-25 10:47:31
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 58473 

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