83 FR 18371 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 81 (April 26, 2018)

Page Range		18371-18371
FR Document		2018-08828
Federal Register, Volume 83 Issue 81 (Thursday, April 26, 2018)
[Federal Register Volume 83, Number 81 (Thursday, April 26, 2018)]
[Notices]
[Page 18371]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-08828]



[[Page 18371]]

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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; 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 12d2-1, SEC File No. 270-098, OMB Control No. 3235-0081.

    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'') is soliciting comments on the collection of 
information provided for in Rule 12d2-1 (17 CFR 240.12d2-1) under the 
Securities Exchange Act of 1934 (15 U.S.C. 78b et seq.) (``Act''). The 
Commission plans to submit this existing collection of information to 
the Office of Management and Budget (``OMB'') for extension and 
approval.
    On February 12, 1935, the Commission adopted Rule 12d2-1 \1\ 
(``Suspension of Trading'') to establish the procedures by which a 
national securities exchange may suspend from trading a security that 
is listed and registered on the exchange under Section 12(d) of the 
Act.\2\ Under Rule 12d2-1, an exchange is permitted to suspend from 
trading a listed security in accordance with its rules, and must 
promptly notify the Commission of any such suspension, along with the 
effective date and the reasons for the suspension.
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    \1\ See Securities Exchange Act Release No. 98 (February 12, 
1935).
    \2\ See Securities Exchange Act Release No. 7011 (February 5, 
1963), 28 FR 1506 (February 16, 1963).
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    Any such suspension may be continued until such time as the 
Commission may determine that the suspension is designed to evade the 
provisions of Section 12(d) of the Act and Rule 12d2-2 thereunder.\3\ 
During the continuance of such suspension under Rule 12d2-1, the 
exchange is required to notify the Commission promptly of any change in 
the reasons for the suspension. Upon the restoration to trading of any 
security suspended under Rule 12d2-1, the exchange must notify the 
Commission promptly of the effective date of such restoration.
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    \3\ Rule 12d2-2 prescribes the circumstances under which a 
security may be delisted from an exchange and withdrawn from 
registration under Section 12(b) of the Act, and provides the 
procedures for taking such action.
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    The trading suspension notices serve a number of purposes. First, 
they inform the Commission that an exchange has suspended from trading 
a listed security or reintroduced trading in a previously suspended 
security. They also provide the Commission with information necessary 
for it to determine that the suspension has been accomplished in 
accordance with the rules of the exchange, and to verify that the 
exchange has not evaded the requirements of Section 12(d) of the Act 
and Rule 12d2-2 thereunder by improperly employing a trading 
suspension. Without Rule 12d2-1, the Commission would be unable to 
fully implement these statutory responsibilities.
    There are 21 national securities exchanges \4\ that are subject to 
Rule 12d2-1. The burden of complying with Rule 12d2-1 is not evenly 
distributed among the exchanges, however, since there are many more 
securities listed on the New York Stock Exchange, Inc., the NASDAQ 
Stock Market, and NYSE American LLC than on the other exchanges.\5\ 
There are approximately 964 responses \6\ under Rule 12d2-1 for the 
purpose of suspension of trading from the national securities exchanges 
each year, and the resultant aggregate annual reporting hour burden 
would be, assuming on average one-half reporting hour per response, 482 
annual burden hours for all exchanges. The related internal compliance 
costs associated with these burden hours are $103,871 per year.
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    \4\ The Exchanges are BOX Options Exchange LLC, Cboe BYX 
Exchange, Inc., Cboe BZX Exchange, Inc., Cboe C2 Exchange, Inc., 
Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe Exchange, 
Inc., Chicago Stock Exchange, Inc., Investors Exchange LLC, Miami 
International Securities Exchange, MIAX PEARL, LLC, Nasdaq BX, Inc., 
Nasdaq GEMX, LLC, Nasdaq ISE, LLC, Nasdaq MRX, LLC, Nasdaq PHLX LLC, 
The Nasdaq Stock Market, New York Stock Exchange LLC, NYSE Arca, 
Inc., NYSE American LLC, NYSE National, Inc.
    \5\ In fact, some exchanges do not file any trading suspension 
reports in a given year.
    \6\ The 964 figure was calculated by averaging the numbers for 
compliance in 2016 and 2017, which are 1,002 and 925, respectively.
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    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information collected; and (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    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.
    Please direct your written comments to: Pamela Dyson, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE, Washington, DC 20549, or send an email 
to: PRA_Mailbox@sec.gov.

    Dated: April 23, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-08828 Filed 4-25-18; 8:45 am]
 BILLING CODE 8011-01-P
Federal Register / Vol. 83, No. 81 / Thursday, April 26, 2018 / Notices 18371

SECURITIES AND EXCHANGE the Commission that an exchange has in writing within 60 days of this
COMMISSION suspended from trading a listed security publication.
or reintroduced trading in a previously An agency may not conduct or
Proposed Collection; Comment suspended security. They also provide sponsor, and a person is not required to
Request the Commission with information respond to, a collection of information
necessary for it to determine that the under the PRA unless it displays a
Upon Written Request, Copies Available
suspension has been accomplished in currently valid OMB control number.
From: Securities and Exchange
accordance with the rules of the Please direct your written comments
Commission, Office of FOIA Services,
exchange, and to verify that the to: Pamela Dyson, Director/Chief
100 F Street NE, Washington, DC
exchange has not evaded the Information Officer, Securities and
20549–2736.
requirements of Section 12(d) of the Act Exchange Commission, c/o Remi Pavlik-
Extension: and Rule 12d2–2 thereunder by Simon, 100 F Street NE, Washington,
Rule 12d2–1, SEC File No. 270–098, OMB improperly employing a trading DC 20549, or send an email to: PRA_
Control No. 3235–0081. suspension. Without Rule 12d2–1, the Mailbox@sec.gov.
Notice is hereby given that pursuant Commission would be unable to fully
Dated: April 23, 2018.
to the Paperwork Reduction Act of 1995 implement these statutory
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the responsibilities. Eduardo A. Aleman,
Securities and Exchange Commission There are 21 national securities Assistant Secretary.
(‘‘Commission’’) is soliciting comments exchanges 4 that are subject to Rule [FR Doc. 2018–08828 Filed 4–25–18; 8:45 am]
on the collection of information 12d2–1. The burden of complying with BILLING CODE 8011–01–P
provided for in Rule 12d2–1 (17 CFR Rule 12d2–1 is not evenly distributed
240.12d2–1) under the Securities among the exchanges, however, since
Exchange Act of 1934 (15 U.S.C. 78b et there are many more securities listed on SECURITIES AND EXCHANGE
seq.) (‘‘Act’’). The Commission plans to the New York Stock Exchange, Inc., the COMMISSION
submit this existing collection of NASDAQ Stock Market, and NYSE
information to the Office of American LLC than on the other [Release No. 34–83081; File No. SR–BX–
Management and Budget (‘‘OMB’’) for exchanges.5 There are approximately 2018–015]
extension and approval. 964 responses 6 under Rule 12d2–1 for
On February 12, 1935, the the purpose of suspension of trading Self-Regulatory Organizations; Nasdaq
Commission adopted Rule 12d2–1 1 from the national securities exchanges BX, Inc.; Notice of Filing and
(‘‘Suspension of Trading’’) to establish each year, and the resultant aggregate Immediate Effectiveness of Proposed
the procedures by which a national annual reporting hour burden would be, Rule Change To Incorporate by
securities exchange may suspend from assuming on average one-half reporting Reference The Nasdaq Stock Market
trading a security that is listed and hour per response, 482 annual burden LLC’s Consolidated Audit Trail Rules
registered on the exchange under hours for all exchanges. The related Into the Rules of Nasdaq BX
Section 12(d) of the Act.2 Under Rule internal compliance costs associated
April 20, 2018.
12d2–1, an exchange is permitted to with these burden hours are $103,871
per year. Pursuant to Section 19(b)(1) of the
suspend from trading a listed security in
Written comments are invited on: (a) Securities Exchange Act of 1934
accordance with its rules, and must
Whether the proposed collection of (‘‘Act’’),1 and Rule 19b–4 thereunder,2
promptly notify the Commission of any
information is necessary for the proper notice is hereby given that on April 10,
such suspension, along with the
performance of the functions of the 2018, Nasdaq BX, Inc. (‘‘BX’’ or
effective date and the reasons for the
Commission, including whether the ‘‘Exchange’’) filed with the Securities
suspension.
information will have practical utility; and Exchange Commission
Any such suspension may be
(b) the accuracy of the agency’s estimate (‘‘Commission’’) the proposed rule
continued until such time as the
of the burden of the collection of change as described in Items I and II
Commission may determine that the
information; (c) ways to enhance the below, which Items have been prepared
suspension is designed to evade the
quality, utility, and clarity of the by the Exchange. The Commission is
provisions of Section 12(d) of the Act
information collected; and (d) ways to publishing this notice to solicit
and Rule 12d2–2 thereunder.3 During
minimize the burden of the collection of comments on the proposed rule change
the continuance of such suspension
information on respondents, including from interested persons.
under Rule 12d2–1, the exchange is
required to notify the Commission through the use of automated collection I. Self-Regulatory Organization’s
promptly of any change in the reasons techniques or other forms of information Statement of the Terms of Substance of
for the suspension. Upon the restoration technology. Consideration will be given the Proposed Rule Change
to trading of any security suspended to comments and suggestions submitted
The Exchange proposes to incorporate
under Rule 12d2–1, the exchange must 4 The Exchanges are BOX Options Exchange LLC, by reference The Nasdaq Stock Market
notify the Commission promptly of the Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., LLC’s (‘‘Nasdaq’’) rule at General 7,
effective date of such restoration. Cboe C2 Exchange, Inc., Cboe EDGA Exchange, Inc.,
entitled ‘‘Consolidated Audit Trail
The trading suspension notices serve Cboe EDGX Exchange, Inc., Cboe Exchange, Inc.,
Chicago Stock Exchange, Inc., Investors Exchange Compliance’’ into BX’s General 7.
a number of purposes. First, they inform
LLC, Miami International Securities Exchange, The text of the proposed rule change
MIAX PEARL, LLC, Nasdaq BX, Inc., Nasdaq is available on the Exchange’s website at
1 See Securities Exchange Act Release No. 98
GEMX, LLC, Nasdaq ISE, LLC, Nasdaq MRX, LLC,
amozie on DSK30RV082PROD with NOTICES

(February 12, 1935). Nasdaq PHLX LLC, The Nasdaq Stock Market, New http://nasdaqbx.cchwallstreet.com/, at
2 See Securities Exchange Act Release No. 7011 York Stock Exchange LLC, NYSE Arca, Inc., NYSE the principal office of the Exchange, and
(February 5, 1963), 28 FR 1506 (February 16, 1963). American LLC, NYSE National, Inc. at the Commission’s Public Reference
3 Rule 12d2–2 prescribes the circumstances under 5 In fact, some exchanges do not file any trading
Room.
which a security may be delisted from an exchange suspension reports in a given year.
and withdrawn from registration under Section 6 The 964 figure was calculated by averaging the
1 15 U.S.C. 78s(b)(1).
12(b) of the Act, and provides the procedures for numbers for compliance in 2016 and 2017, which
taking such action. are 1,002 and 925, respectively. 2 17 CFR 240.19b–4.

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Document Created: 2018-11-02 08:19:48
Document Modified: 2018-11-02 08:19:48
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		83 FR 18371