83 FR 28282 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE Arca Equities Fees and Charges
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 117 (June 18, 2018)
Federal Register Volume 83, Issue 117 (June 18, 2018)
| Page Range | 28282-28284 | |
| FR Document | 2018-12934 |
[Federal Register Volume 83, Number 117 (Monday, June 18, 2018)] [Notices] [Pages 28282-28284] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-12934] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-83418; File No. SR-NYSEArca-2018-41] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE Arca Equities Fees and Charges June 12, 2018. Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given that, on June 1, 2018, NYSE Arca, Inc. (the ``Exchange'' or ``NYSE Arca'') filed with the Securities and Exchange Commission (the ``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. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of the Substance of the Proposed Rule Change The Exchange proposes to amend the NYSE Arca Equities Fees and Charges (``Fee Schedule'') to (i) introduce a new pricing tier, Step Up Tier 2, and (ii) adopt an incremental credit for the Tape B Tier 2 pricing tier. The Exchange proposes to implement the fee changes effective June 1, 2018. 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 Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend the Fee Schedule to: (i) Introduce a new pricing tier, Step Up Tier 2, and (ii) adopt an incremental credit for Tape B Tier 2. The Exchange proposes to implement the fee changes effective June 1, 2018. Step Up Tier 2 The Exchange proposes a new pricing tier--Step Up Tier 2--for securities with a per share price of $1.00 or above. The Exchange currently has a Step Up Tier pursuant to which qualifying ETP Holders and Market Makers receive a credit of $0.0030 per share for orders that provide displayed liquidity to the Book in Tape A Securities, $0.0023 per share for orders that provide displayed liquidity to the Book in Tape B Securities, and $0.0031 per share for orders that provide displayed liquidity to the Book in Tape C Securities if such ETP Holders and Market Makers directly execute providing average daily volume (``ADV'') per month of 0.50% or more but less than 0.70% of the US CADV, and directly execute providing ADV that is an increase of no less than 0.10% of US CADV for that month over the ETP Holder's or Market Maker's providing ADV in Q1 2018.\4\ --------------------------------------------------------------------------- \4\ See Securities Exchange Act Release No. 83032 (April 11, 2018), 83 FR 16909 (April 17, 2018) (SR-NYSEArca-2018-20). --------------------------------------------------------------------------- As proposed, ETP Holders and Market Makers would qualify for the new Step Up Tier 2 if they directly execute providing ADV per month of 0.22% or more but less than 0.30% of the US CADV, and directly execute providing ADV that is an increase of no less than [[Page 28283]] 0.06% of US CADV for that month over the ETP Holder's or Market Maker's providing ADV in May 2018. ETP Holders and Market Makers that qualify for Step Up Tier 2 would receive a credit of $0.0028 per share for orders that provide displayed liquidity to the Book in Tape A and Tape C Securities and $0.0022 per share for orders that provide displayed liquidity to the Book in Tape B Securities. The goal of the proposed Step Up Tier 2 pricing tier remains the same as that of the Step Up Tier, i.e., to incentivize ETP Holders and Market Makers to increase the orders sent directly to the Exchange and therefore provide liquidity that supports the quality of price discovery and promotes market transparency. The Exchange believes that the proposed new pricing tier will provide a further incentive for ETP Holders and Market Makers to direct order flow to the Exchange. Tape B Tier 2 The Exchange proposes to adopt an incremental credit for a current pricing tier--Tape B Tier 2--for securities with a per share price $1.00 or above. Currently, a Tape B Tier 2 credit of $0.0028 per share applies to ETP Holders and Market Makers, that, on daily basis, measured monthly, directly execute providing volume in Tape B Securities during the billing month (``Tape B Adding ADV'') that is either (1) equal to at least 1.0% of the US Tape B CADV or (2) equal to at least 0.20% of the US Tape B CADV for the billing month over the ETP Holder's or Market Maker's Q2 2015 Tape B Adding ADV taken as a percentage of Tape B CADV (``Tape B Baseline % CADV''). The Exchange proposes to adopt an incremental credit of $0.0001 per share for orders that provide liquidity to the order book in Tape B Securities that would be payable to ETP Holders and Market Makers who meet the requirements of Tape B Tier 2 and execute adding ADV in Tape B Securities during the billing month equal to at least 0.40% of Tape B CADV over the ETP Holder's or Market Maker's Q1 2018 Tape B adding ADV taken as a percentage of Tape B CADV. The proposed incremental credit would be in addition to the ETP Holder's or Market Maker's Tiered or Basic Rate credit(s) except that such combined credit(s) shall not exceed $0.0030 per share. The proposed changes are not otherwise intended to address any other issues, and the Exchange is not aware of any significant problems that market participants would have in complying with the proposed changes. 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with Section 6(b) of the Act,\5\ in general, and furthers the objectives of Sections 6(b)(4) and (5) of the Act,\6\ in particular, because it provides for the equitable allocation of reasonable dues, fees, and other charges among its members, issuers and other persons using its facilities and does not unfairly discriminate between customers, issuers, brokers or dealers. --------------------------------------------------------------------------- \5\ 15 U.S.C. 78f(b). \6\ 15 U.S.C. 78f(b)(4) and (5). --------------------------------------------------------------------------- The Exchange believes that the Step Up Tier 2 is intended to incentivize market participants to increase the orders sent directly to NYSE Arca and therefore provide liquidity that supports the quality of price discovery and promotes market transparency. Moreover, the addition of the Step Up Tier 2 would benefit market participants whose increased order flow provides meaningful added levels of liquidity thereby contributing to the depth and market quality on the Exchange. The Exchange believes that the proposed new Step Up Tier 2 is equitable because it is open to all ETP Holders and Market Makers on an equal basis and provides credits that are reasonably related to the value to an exchange's market quality associated with higher volumes. The Exchange believes that the proposed modification to adopt an incremental Tape B Tier 2 credit is reasonable, fair, and equitable because the proposed credit is designed to encourage increased trading by ETP Holders and Market Makers in Tape B Securities. The Exchange notes that ETP Holders and Market Makers that do not meet the requirements to qualify for the incremental credit may still qualify for Tape B Tier 2 credits if they meet the Tape B Tier 2 requirements. The Exchange further believes the proposed incremental credit is reasonable and appropriate in that it is based on the amount of business transacted on the Exchange. The Exchange believes the proposed incremental credit for adding liquidity is also reasonable because it will encourage liquidity and competition in Tape B securities quoted and traded on the Exchange. The Exchange also believes the proposed incremental credit is equitable and not unfairly discriminatory because it is open to all ETP Holders and Market Makers on an equal basis and provides discounts that are reasonably related to the value to the Exchange's market quality associated with higher volumes. The Exchange further believes that the proposed incremental credit is not unfairly discriminatory because the magnitude of the additional credit is not unreasonably high in comparison to the credit paid with respect to other displayed liquidity-providing orders. The Exchange does not believe that it is unfairly discriminatory to offer increased credits to ETP Holders and Market Makers as these participants would be subject to additional volume requirements in Tape B Securities. The Exchange believes that the proposed fee changes are equitable and not unfairly discriminatory because providing incentives for orders in exchange-listed securities that are executed on a registered national securities exchange (rather than relying on certain available off-exchange execution methods) would contribute to investors' confidence in the fairness of their transactions and would benefit all investors by deepening the Exchange's liquidity pool, supporting the quality of price discovery, promoting market transparency and improving investor protection. Finally, the Exchange believes that it is subject to significant competitive forces, as described below in the Exchange's statement regarding the burden on competition. For the foregoing reasons, the Exchange believes that the proposal is consistent with the Act. B. Self-Regulatory Organization's Statement on Burden on Competition In accordance with Section 6(b)(8) of the Act,\7\ the Exchange believes that the proposed rule change would not impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. Instead, the Exchange believes that the proposal to add a new pricing tier and adopting incremental credits for an existing pricing tier would encourage the submission of additional liquidity to a public exchange, thereby promoting price discovery and transparency and enhancing order execution opportunities for ETP Holders and Market Makers. The Exchange believes that this could promote competition between the Exchange and other execution venues, including those that currently offer similar order types and comparable transaction pricing, by encouraging additional orders to be sent to the Exchange for execution. --------------------------------------------------------------------------- \7\ 15 U.S.C. 78f(b)(8). --------------------------------------------------------------------------- Finally, the Exchange notes that it operates in a highly competitive market in which market participants can readily favor competing venues if they [[Page 28284]] deem fee levels at a particular venue to be excessive or rebate opportunities available at other venues to be more favorable. In such an environment, the Exchange must continually adjust its fees and rebates to remain competitive with other exchanges and with alternative trading systems that have been exempted from compliance with the statutory standards applicable to exchanges. Because competitors are free to modify their own fees and credits in response, and because market participants may readily adjust their order routing practices, the Exchange believes that the degree to which fee changes in this market may impose any burden on competition is extremely limited. As a result of all of these considerations, the Exchange does not believe that the proposed changes will impair the ability of ETP Holders or competing order execution venues to maintain their competitive standing in the financial markets. 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 The foregoing rule change is effective upon filing pursuant to Section 19(b)(3)(A) \8\ of the Act and subparagraph (f)(2) of Rule 19b- 4 \9\ thereunder, because it establishes a due, fee, or other charge imposed by the Exchange. --------------------------------------------------------------------------- \8\ 15 U.S.C. 78s(b)(3)(A). \9\ 17 CFR 240.19b-4(f)(2). --------------------------------------------------------------------------- At any time within 60 days of the filing of such proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings under Section 19(b)(2)(B) \10\ of the Act to determine whether the proposed rule change should be approved or disapproved. --------------------------------------------------------------------------- \10\ 15 U.S.C. 78s(b)(2)(B). --------------------------------------------------------------------------- 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 CommentsUse 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-NYSEArca-2018-41 on the subject line. Paper Comments Send paper comments in triplicate to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090. All submissions should refer to File Number SR-NYSEArca-2018-41. 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 such 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-NYSEArca-2018-41, and should be submitted on or before July 9, 2018 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\11\ --------------------------------------------------------------------------- \11\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-12934 Filed 6-15-18; 8:45 am] BILLING CODE 8011-01-P
![28282 Federal Register / Vol. 83, No. 117 / Monday, June 18, 2018 / Notices
QLCC, the QLCC must adopt written collection at the following website, the principal office of the Exchange, and
procedures for the confidential receipt, www.reginfo.gov. Comments should be at the Commission’s Public Reference
retention, and consideration of any directed to: (i) Desk Officer for the Room.
report of evidence of a material Securities and Exchange Commission,
II. Self-Regulatory Organization’s
violation. We estimate for purposes of Office of Information and Regulatory
Statement of the Purpose of, and
the PRA that there are approximately Affairs, Office of Management and
Statutory Basis for, the Proposed Rule
10,712 issuers that are subject to the Budget, Room 10102, New Executive
Change
rules.1 Of these, we estimate that Office Building, Washington, DC 20503
approximately 319, which is or by sending an email to: Shagufta_ In its filing with the Commission, the
approximately 3 percent, have Ahmed@omb.eop.gov; and (ii) Pamela self-regulatory organization included
established or will establish a QLCC.2 Dyson, Director/Chief Information statements concerning the purpose of,
Establishing the written procedures Officer, Securities and Exchange and basis for, the proposed rule change
required by the rule should not impose Commission, c/o Candace Kenner, 100 F and discussed any comments it received
a significant burden. We assume that an Street NE, Washington, DC 20549 or on the proposed rule change. The text
issuer would incur a greater burden in send an email to PRA_Mailbox@sec.gov. of those statements may be examined at
the year that it first establishes the Comments must be submitted to OMB the places specified in Item IV below.
procedures than in subsequent years, in within 30 days of this notice. The Exchange has prepared summaries,
which the burden would be incurred in Dated: June 13, 2018. set forth in sections A, B, and C below,
updating, reviewing, or modifying the of the most significant parts of such
Eduardo A. Aleman,
procedures. For purposes of the PRA, statements.
Assistant Secretary.
we assume that an issuer would spend A. Self-Regulatory Organization’s
[FR Doc. 2018–12983 Filed 6–15–18; 8:45 am]
6 hours every three-year period on the Statement of the Purpose of, and
BILLING CODE 8011–01–P
procedures. This would result in an Statutory Basis for, the Proposed Rule
average burden of 2 hours per year. Change
Thus, we estimate for purposes of the
SECURITIES AND EXCHANGE 1. Purpose
PRA that the total annual burden
COMMISSION
imposed by the collection of The Exchange proposes to amend the
information would be 638 hours. [Release No. 34–83418; File No. SR– Fee Schedule to: (i) Introduce a new
Assuming half of the burden hours will NYSEArca–2018–41]
pricing tier, Step Up Tier 2, and (ii)
be incurred by outside counsel at a rate adopt an incremental credit for Tape B
of $500 per hour would result in a cost Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and Tier 2. The Exchange proposes to
of $159,500. implement the fee changes effective
The estimate of average burden hours Immediate Effectiveness of Proposed
Rule Change To Amend the NYSE Arca June 1, 2018.
is made solely for the purposes of the
Paperwork Reduction Act, and is not Equities Fees and Charges Step Up Tier 2
derived from a comprehensive or even June 12, 2018. The Exchange proposes a new pricing
a representative survey or study. An Pursuant to Section 19(b)(1) 1 of the tier—Step Up Tier 2—for securities with
agency may not conduct or sponsor, and Securities Exchange Act of 1934 (the a per share price of $1.00 or above.
a person is not required to respond to, ‘‘Act’’) 2 and Rule 19b–4 thereunder,3 The Exchange currently has a Step Up
a collection of information unless it notice is hereby given that, on June 1, Tier pursuant to which qualifying ETP
displays a currently valid OMB control 2018, NYSE Arca, Inc. (the ‘‘Exchange’’ Holders and Market Makers receive a
number. or ‘‘NYSE Arca’’) filed with the credit of $0.0030 per share for orders
Written comments are requested on: Securities and Exchange Commission that provide displayed liquidity to the
(a) Whether the collection of (the ‘‘Commission’’) the proposed rule Book in Tape A Securities, $0.0023 per
information is necessary for the proper change as described in Items I, II, and share for orders that provide displayed
performance of the functions of the III below, which Items have been liquidity to the Book in Tape B
Commission, including whether the prepared by the self-regulatory Securities, and $0.0031 per share for
information has practical utility; (b) the organization. The Commission is orders that provide displayed liquidity
accuracy of the Commission’s estimate publishing this notice to solicit to the Book in Tape C Securities if such
of the burden[s] of the collection of comments on the proposed rule change ETP Holders and Market Makers
information; (c) ways to enhance the from interested persons. directly execute providing average daily
quality, utility, and clarity of the volume (‘‘ADV’’) per month of 0.50% or
information collected; and (d) ways to I. Self-Regulatory Organization’s
more but less than 0.70% of the US
minimize the burden of the collection of Statement of the Terms of the Substance
CADV, and directly execute providing
information on respondents, including of the Proposed Rule Change
ADV that is an increase of no less than
through the use of automated collection The Exchange proposes to amend the 0.10% of US CADV for that month over
techniques or other forms of information NYSE Arca Equities Fees and Charges the ETP Holder’s or Market Maker’s
technology. (‘‘Fee Schedule’’) to (i) introduce a new providing ADV in Q1 2018.4
The public may view the background pricing tier, Step Up Tier 2, and (ii) As proposed, ETP Holders and Market
documentation for this information adopt an incremental credit for the Tape Makers would qualify for the new Step
1 This figure is based on the estimated 7,625
B Tier 2 pricing tier. The Exchange Up Tier 2 if they directly execute
proposes to implement the fee changes
amozie on DSK3GDR082PROD with NOTICES1
operating companies that filed annual reports on providing ADV per month of 0.22% or
Form 10–K, Form 20–F, or Form 40–F during the effective June 1, 2018. The proposed more but less than 0.30% of the US
2017 calendar year, and the estimated 3,087 rule change is available on the CADV, and directly execute providing
investment companies that filed periodic reports on Exchange’s website at www.nyse.com, at
Form N–SAR during that same time period. ADV that is an increase of no less than
2 This estimate is based on issuer-filings made
1 15 U.S.C. 78s(b)(1). 4 See Securities Exchange Act Release No. 83032
with the Commission between January 1, 2015 and
2 15 U.S.C. 78a.
March 18, 2018 that include a reference to the (April 11, 2018), 83 FR 16909 (April 17, 2018) (SR–
issuer’s QLCC. 3 17 CFR 240.19b–4. NYSEArca–2018–20).
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![28284 Federal Register / Vol. 83, No. 117 / Monday, June 18, 2018 / Notices
deem fee levels at a particular venue to change is consistent with the Act. SECURITIES AND EXCHANGE
be excessive or rebate opportunities Comments may be submitted by any of COMMISSION
available at other venues to be more the following methods:
favorable. In such an environment, the Submission for OMB Review;
Electronic Comments Comment Request
Exchange must continually adjust its
fees and rebates to remain competitive • Use the Commission’s internet Upon Written Request Copies Available
with other exchanges and with comment form (http://www.sec.gov/ From: Securities and Exchange
alternative trading systems that have rules/sro.shtml); or Commission, Office of FOIA Services,
been exempted from compliance with • Send an email to rule-comments@ 100 F Street NE, Washington, DC
the statutory standards applicable to sec.gov. Please include File Number SR– 20549–2736
exchanges. Because competitors are free NYSEArca–2018–41 on the subject line.
to modify their own fees and credits in Extension:
Paper Comments Rule 15Ga–2 and Form ABS–15G, SEC File
response, and because market No. 270–620, OMB Control No. 3235–
participants may readily adjust their • Send paper comments in triplicate 0675
order routing practices, the Exchange to Brent J. Fields, Secretary, Securities
believes that the degree to which fee Notice is hereby given that, pursuant
and Exchange Commission, 100 F Street to the Paperwork Reduction Act of 1995
changes in this market may impose any NE, Washington, DC 20549–1090.
burden on competition is extremely (44 U.S.C. 3501 et seq.), the Securities
limited. As a result of all of these All submissions should refer to File and Exchange Commission
Number SR–NYSEArca–2018–41. This (‘‘Commission’’) has submitted to the
considerations, the Exchange does not
file number should be included on the Office of Management and Budget this
believe that the proposed changes will
subject line if email is used. To help the request for extension of the previously
impair the ability of ETP Holders or
Commission process and review your approved collection of information
competing order execution venues to
comments more efficiently, please use discussed below.
maintain their competitive standing in Rule 15Ga–2 and Form ABS–15G (17
the financial markets. only one method. The Commission will
post all comments on the Commission’s CFR 249.1400) is used for reports of
C. Self-Regulatory Organization’s internet website (http://www.sec.gov/ information required under Rule 15Ga–
Statement on Comments on the rules/sro.shtml). Copies of the 1 and Rule 15Ga–2 (17 CFR 240.15Ga–
Proposed Rule Change Received From submission, all subsequent 1) (17 CFR 240.15Ga–2) of the Exchange
Members, Participants, or Others amendments, all written statements Act of 1934 (‘‘Exchange Act’’). Exchange
with respect to the proposed rule Act Rule 15Ga–1 requires asset-backed
No written comments were solicited
change that are filed with the securitizers to provide disclosure
or received with respect to the proposed
Commission, and all written regarding fulfilled an unfulfilled
rule change.
communications relating to the repurchase requests with respect to
III. Date of Effectiveness of the proposed rule change between the asset-backed securities. The purpose of
Proposed Rule Change and Timing for Commission and any person, other than the information collected on Form ABS–
Commission Action those that may be withheld from the 15G is to implement the disclosure
The foregoing rule change is effective public in accordance with the requirements of Section 943 of the
upon filing pursuant to Section provisions of 5 U.S.C. 552, will be Dodd-Frank Wall Street Reform and
19(b)(3)(A) 8 of the Act and available for website viewing and Consumer Protection Act to provide
subparagraph (f)(2) of Rule 19b–4 9 printing in the Commission’s Public information regarding the use of
thereunder, because it establishes a due, Reference Room, 100 F Street NE, representations and warranties in the
fee, or other charge imposed by the Washington, DC 20549 on official asset-backed securities markets. Rule
Exchange. business days between the hours of 15Ga–1 had a one-time reporting
At any time within 60 days of the 10:00 a.m. and 3:00 p.m. Copies of such requirement that expired on February
filing of such proposed rule change, the filing also will be available for 14, 2012. We estimate that
Commission summarily may inspection and copying at the principal approximately 1,343 securitizers will
temporarily suspend such rule change if office of the Exchange. All comments file Form ABS–15G annually at
it appears to the Commission that such received will be posted without change. estimated (19.307 hours) burden hours
action is necessary or appropriate in the Persons submitting comments are per response. In addition, we estimate
public interest, for the protection of cautioned that we do not redact or edit that 75% of the 19.307 hours per
investors, or otherwise in furtherance of personal identifying information from response (14.48 hours) is carried
the purposes of the Act. If the comment submissions. You should internally by the securitizers for a total
Commission takes such action, the submit only information that you wish annual reporting burden of 19,447 hours
Commission shall institute proceedings to make available publicly. All (14.48 hours per response × 1,343
under Section 19(b)(2)(B) 10 of the Act to submissions should refer to File responses).
determine whether the proposed rule Number SR–NYSEArca–2018–41, and An agency may not conduct or
change should be approved or should be submitted on or before July 9, sponsor, and a person is not required to
disapproved. 2018 respond to, a collection of information
unless it displays a currently valid
IV. Solicitation of Comments For the Commission, by the Division of control number.
Trading and Markets, pursuant to delegated The public may view the background
Interested persons are invited to
amozie on DSK3GDR082PROD with NOTICES1
authority.11
submit written data, views, and documentation for this information
Eduardo A. Aleman, collection at the following website,
arguments concerning the foregoing,
Assistant Secretary. www.reginfo.gov. Comments should be
including whether the proposed rule
[FR Doc. 2018–12934 Filed 6–15–18; 8:45 am] directed to: (i) Desk Officer for the
8 15 U.S.C. 78s(b)(3)(A). BILLING CODE 8011–01–P Securities and Exchange Commission,
9 17 CFR 240.19b–4(f)(2). Office of Information and Regulatory
10 15 U.S.C. 78s(b)(2)(B). 11 17 CFR 200.30–3(a)(12). Affairs, Office of Management and
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Document Created: 2018-06-18 15:50:25
Document Modified: 2018-06-18 15:50:25
| 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 28282 |
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