83 FR 22569 - Proposed Collection; Comment Request
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 94 (May 15, 2018)
Federal Register Volume 83, Issue 94 (May 15, 2018)
| Page Range | 22569-22570 | |
| FR Document | 2018-10232 |
[Federal Register Volume 83, Number 94 (Tuesday, May 15, 2018)] [Notices] [Pages 22569-22570] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-10232] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Proposed Collection; 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: [[Page 22570]] Rule 24b-1; SEC File No. 270-205; OMB Control No. 3235-0194 Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (``Commission'') is soliciting comments on the collection of information summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval, Rule 24b-1 (17 CFR 240.24b-1)-- Documents to be Kept Public by Exchanges. Rule 24b-1 under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) requires a national securities exchange to keep and make available for public inspection a copy of its registration statement and exhibits filed with the Commission, along with any amendments thereto. There are 21 national securities exchanges that spend approximately one half hour each complying with this rule, for an aggregate total compliance burden of 10.5 hours per year. The staff estimates that the average cost per respondent is $65.18 per year, calculated as the costs of copying ($13.97) plus storage ($51.21), resulting in a total cost of compliance for the respondents of $1,368.78. Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the Commission's estimate of the burden of the proposed collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be 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: [email protected]. Dated: May 8, 2018. Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-10232 Filed 5-14-18; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 83, No. 94 / Tuesday, May 15, 2018 / Notices 22569
processing. The Exchange believes that services provided to its Participants and Paper Comments
the proposed fees for the FIX Port are others using its facilities will not have • Send paper comments in triplicate
reasonable as they are within the range an impact on competition. As a small to Secretary, Securities and Exchange
of comparable fees at other competing Exchange in the already highly Commission, 100 F Street NE,
options exchanges.14 Further, the competitive environment for options Washington, DC 20549–1090.
Exchange believes that the FIX Port Fees trading, BOX does not have the market All submissions should refer to File
are equitable and not unfairly power necessary to set prices for Number SR–BOX–2018–15. This file
discriminatory because the fees are services that are unreasonable or number should be included on the
assessed to all Participants who wish to unfairly discriminatory in violation of subject line if email is used. To help the
enter orders to the BOX system via the the Exchange Act. BOX’s proposed fees, Commission process and review your
FIX Port, regardless of account type. as described herein, are comparable to comments more efficiently, please use
Further, the Exchange believes that the and generally lower than fees charged
proposed tiered pricing model for these only one method. The Commission will
by other options exchanges for the same post all comments on the Commission’s
fees is reasonable, equitable and not or similar services. Lastly, the Exchange
unfairly discriminatory as this model is internet website (http://www.sec.gov/
believes the proposed change will not rules/sro.shtml). Copies of the
commonly used within the industry for impose a burden on intramarket
port fees or the equivalent. submission, all subsequent
competition as the proposed fees are amendments, all written statements
The Exchange believes that the SAIL applicable to all Participants who
Port Fees are reasonable because they with respect to the proposed rule
connect to BOX. change that are filed with the
are within the range of comparable fees
at other competing options exchanges.15 C. Self-Regulatory Organization’s Commission, and all written
Further, the Exchange believes that Statement on Comments on the communications relating to the
charging different fees for Market Proposed Rule Change Received From proposed rule change between the
Makers and other market participants Members, Participants, or Others Commission and any person, other than
who wish to use the SAIL Port is No written comments were either those that may be withheld from the
reasonable, equitable and not unfairly solicited or received. public in accordance with the
discriminatory. BOX believes that provisions of 5 U.S.C. 552, will be
charging a flat fee of $1,000 per month III. Date of Effectiveness of the available for website viewing and
for all SAIL Ports for Market Makers is Proposed Rule Change and Timing for printing in the Commission’s Public
reasonable as Market Makers are Commission Action Reference Room, 100 F Street NE,
required by the Exchange to connect to The foregoing rule change has become Washington, DC 20549 on official
sixteen (16) SAIL Ports while other effective pursuant to Section business days between the hours of
Participants have the ability to choose 19(b)(3)(A)(ii) of the Exchange Act 18 10:00 a.m. and 3:00 p.m. Copies of such
whether to connect through the FIX and Rule 19b–4(f)(2) thereunder,19 filing also will be available for
Port, the SAIL Port, or both.16 As such, because it establishes or changes a due, inspection and copying at the principal
the Exchange believes that the proposed or fee. office of the Exchange. All comments
SAIL Port Fees are reasonable, equitable At any time within 60 days of the received will be posted without change.
and not unfairly discriminatory. filing of the proposed rule change, the Persons submitting comments are
Commission summarily may cautioned that we do not redact or edit
Drop Copy Port Fee personal identifying information from
temporarily suspend the rule change if
The Exchange believes that the Drop it appears to the Commission that the comment submissions. You should
Copy Port Fee is equitable and not action is necessary or appropriate in the submit only information that you wish
unfairly discriminatory because the public interest, for the protection of to make available publicly. All
Exchange is uniformly assessing the investors, or would otherwise further submissions should refer to File
Drop Copy Port Fees on all users that the purposes of the Act. If the Number SR–BOX–2018–15, and should
wish to subscribe to it, regardless of Commission takes such action, the be submitted on or before June 5, 2018.
account type. Further, the Exchange Commission shall institute proceedings For the Commission, by the Division of
believes that the proposed Drop Copy to determine whether the proposed rule Trading and Markets, pursuant to delegated
Port Fee is reasonable because it is should be approved or disapproved. authority.20
identical to fees charged by another Eduardo A. Aleman,
exchange.17 Further, the Drop Copy Port IV. Solicitation of Comments
Assistant Secretary.
Fee is reasonable because it is offered as Interested persons are invited to [FR Doc. 2018–10257 Filed 5–14–18; 8:45 am]
an optional service for those users who submit written data, views, and BILLING CODE 8011–01–P
wish to subscribe to it. arguments concerning the foregoing,
B. Self-Regulatory Organization’s including whether the proposed rule
Statement on Burden on Competition change is consistent with the Act. SECURITIES AND EXCHANGE
Comments may be submitted by any of COMMISSION
The Exchange does not believe that
the following methods:
the proposed rule change will impose Proposed Collection; Comment
any burden on competition not Electronic Comments Request
necessary or appropriate in furtherance • Use the Commission’s internet
of the purposes of the Act. Unilateral comment form (http://www.sec.gov/ Upon Written Request, Copies Available
daltland on DSKBBV9HB2PROD with NOTICES
action by BOX in establishing fees for rules/sro.shtml); or From: U.S. Securities and Exchange
• Send an email to rule-comments@ Commission, Office of FOIA Services,
14 See supra note 9.
sec.gov. Please include File Number SR– 100 F Street NE, Washington, DC
15 See supra note 10.
BOX–2018–15 on the subject line. 20549–2736.
16 The Exchange requires Market Makers to
connect to 16 Ports in order to satisfy their Extension:
membership requirements on BOX. 18 15 U.S.C. 78s(b)(3)(A)(ii).
17 See supra note 11. 19 17 CFR 240.19b–4(f)(2). 20 17 CFR 200.30–3(a)(12).
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![22570 Federal Register / Vol. 83, No. 94 / Tuesday, May 15, 2018 / Notices
Rule 24b–1; SEC File No. 270–205; OMB Dated: May 8, 2018. the most significant aspects of such
Control No. 3235–0194 Eduardo A. Aleman, statements.
Assistant Secretary. A. Self-Regulatory Organization’s
Notice is hereby given that pursuant
[FR Doc. 2018–10232 Filed 5–14–18; 8:45 am] Statement of the Purpose of, and the
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities BILLING CODE 8011–01–P Statutory Basis for, the Proposed Rule
and Exchange Commission Change
(‘‘Commission’’) is soliciting comments 1. Purpose
SECURITIES AND EXCHANGE
on the collection of information
COMMISSION The Exchange proposes to
summarized below. The Commission
plans to submit this existing collection memorialize its order and execution
[Release No. 34–83198; File No. SR– information into Chapter VI, Section 19,
of information to the Office of NASDAQ–2018–035]
Management and Budget for extension entitled ‘‘Data Feeds.’’ The Exchange
and approval, Rule 24b–1 (17 CFR proposes to rename this rule ‘‘Data
Self-Regulatory Organizations; The
240.24b–1)—Documents to be Kept Feeds and Trade Information.’’ The
Nasdaq Stock Market LLC; Notice of
Public by Exchanges. Exchange proposes other grammatical
Filing and Immediate Effectiveness of
corrections in Section 19(a) as well.
Rule 24b–1 under the Securities a Proposed Rule Change to
Exchange Act of 1934 (15 U.S.C. 78a et Memorialize Order and Execution Section 19(b)
seq.) requires a national securities Available to Participants Into Chapter First, the Exchange proposes to adopt
exchange to keep and make available for VI, Section 19, Entitled Data Feeds a new Section 19(b) and memorialize
public inspection a copy of its May 9, 2018. the following order and execution
registration statement and exhibits filed information which was previously filed
Pursuant to Section 19(b)(1) of the
with the Commission, along with any by the Exchange: (1) CTI; (2) TradeInfo;
Securities Exchange Act of 1934 (the
amendments thereto. (3) FIX DROP; and (4) OTTO DROP.3
‘‘Act’’),1 and Rule 19b–4 thereunder,2 The Exchange originally noted in the
There are 21 national securities notice is hereby given that on April 27,
exchanges that spend approximately Information Filing that CTI offers real-
2018, The Nasdaq Stock Market LLC time clearing trade updates. The
one half hour each complying with this (‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the
rule, for an aggregate total compliance message containing the trade details is
Securities and Exchange Commission also simultaneously sent to the The
burden of 10.5 hours per year. The staff (‘‘Commission’’) the proposed rule
estimates that the average cost per Options Clearing Corporation. The trade
change as described in Items I and II messages are routed to a member’s
respondent is $65.18 per year, below, which Items have been prepared connection containing certain
calculated as the costs of copying by the Exchange. The Commission is information. The administrative and
($13.97) plus storage ($51.21), resulting publishing this notice to solicit market event messages include, but are
in a total cost of compliance for the comments on the proposed rule change not limited to: System event messages to
respondents of $1,368.78. from interested persons. communicate operational-related
Written comments are invited on: (a) I. Self-Regulatory Organization’s events; options directory messages to
Whether the proposed collection of Statement of the Terms of Substance of relay basic option symbol and contract
information is necessary for the proper the Proposed Rule Change information for options traded on the
performance of the functions of the Exchange; complex strategy messages to
agency, including whether the The Exchange proposes to amend the relay information for those strategies
information shall have practical utility; Nasdaq Options Market LLC (‘‘NOM’’) traded on the Exchange; trading action
(b) the accuracy of the Commission’s Rules to memorialize its order and messages to inform market participants
estimate of the burden of the proposed execution information into Chapter VI, when a specific option or strategy is
collection of information; (c) ways to Section 19, entitled ‘‘Data Feeds.’’ halted or released for trading on the
enhance the quality, utility, and clarity The text of the proposed rule change Exchange; and an indicator which
of the information to be collected; and is available on the Exchange’s website at distinguishes electronic and non-
(d) ways to minimize the burden of the http://nasdaq.cchwallstreet.com, at the electronically delivered orders.
collection of information on principal office of the Exchange, and at The Exchange is proposing to more
respondents, including through the use the Commission’s Public Reference specifically describe the CTI offering
of automated collection techniques or Room. and memorialize it within Section
other forms of information technology. II. Self-Regulatory Organization’s 19(b)(1). The description provides more
Consideration will be given to Statement of the Purpose of, and the detail as to the current functionality of
comments and suggestions submitted in Statutory Basis for, the Proposed Rule CTI, which is not changing. The
writing within 60 days of this Change description would continue to state that
publication. CTI is a real-time clearing trade update
In its filing with the Commission, the message that is sent to a Participant after
An agency may not conduct or Exchange included statements
sponsor, and a person is not required to an execution has occurred and contains
concerning the purpose of and basis for trade details specific to that Participant.
respond to, a collection of information the proposed rule change and discussed
under the PRA unless it displays a The information includes, among other
any comments it received on the things, the following: (i) The Clearing
currently valid OMB control number. proposed rule change. The text of these Member Trade Agreement or ‘‘CMTA’’
daltland on DSKBBV9HB2PROD with NOTICES
Please direct your written comments statements may be examined at the or The Options Clearing Corporation or
to: Pamela Dyson, Director/Chief places specified in Item IV below. The ‘‘OCC’’ number; (ii) Exchange badge or
Information Officer, Securities and Exchange has prepared summaries, set house number; (iii) the Exchange
Exchange Commission, c/o Remi Pavlik- forth in sections A, B, and C below, of
Simon, 100 F Street NE, Washington, 3 See Securities Exchange Act Release No. 65180
DC 20549, or send an email to: PRA_ 1 15 U.S.C. 78s(b)(1). (August 22, 2011), 76 FR 53521 (August 26, 2011)
Mailbox@sec.gov. 2 17 CFR 240.19b–4. (SR–NASDAQ–2011–111) (‘‘Information Filing’’).
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Document Created: 2018-05-15 00:33:21
Document Modified: 2018-05-15 00:33:21
| 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 22569 |
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