83_FR_28401 83 FR 28284 - Submission for OMB Review; Comment Request

83 FR 28284 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 117 (June 18, 2018)

Page Range28284-28285
FR Document2018-12984

Federal Register, Volume 83 Issue 117 (Monday, June 18, 2018) 
[Federal Register Volume 83, Number 117 (Monday, June 18, 2018)]
[Notices]
[Pages 28284-28285]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-12984]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; 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 15Ga-2 and Form ABS-15G, SEC File No. 270-620, OMB Control 
No. 3235-0675

    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'') has submitted to the Office of Management 
and Budget this request for extension of the previously approved 
collection of information discussed below.
    Rule 15Ga-2 and Form ABS-15G (17 CFR 249.1400) is used for reports 
of information required under Rule 15Ga-1 and Rule 15Ga-2 (17 CFR 
240.15Ga-1) (17 CFR 240.15Ga-2) of the Exchange Act of 1934 (``Exchange 
Act''). Exchange Act Rule 15Ga-1 requires asset-backed securitizers to 
provide disclosure regarding fulfilled an unfulfilled repurchase 
requests with respect to asset-backed securities. The purpose of the 
information collected on Form ABS-15G is to implement the disclosure 
requirements of Section 943 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act to provide information regarding the use of 
representations and warranties in the asset-backed securities markets. 
Rule 15Ga-1 had a one-time reporting requirement that expired on 
February 14, 2012. We estimate that approximately 1,343 securitizers 
will file Form ABS-15G annually at estimated (19.307 hours) burden 
hours per response. In addition, we estimate that 75% of the 19.307 
hours per response (14.48 hours) is carried internally by the 
securitizers for a total annual reporting burden of 19,447 hours (14.48 
hours per response x 1,343 responses).
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    The public may view the background documentation for this 
information collection at the following website, www.reginfo.gov. 
Comments should be directed to: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and

[[Page 28285]]

Budget, Room 10102, New Executive Office Building, Washington, DC 
20503, or by sending an email to: Shagufta_Ahmed@omb.eop.gov; and (ii) 
Pamela Dyson, Director/Chief Information Officer, Securities and 
Exchange Commission, c/o Candace Kenner, 100 F Street NE, Washington, 
DC 20549 or send an email to: PRA_Mailbox@sec.gov. Comments must be 
submitted to OMB within 30 days of this notice.

    Dated: June 3, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-12984 Filed 6-15-18; 8:45 am]
 BILLING CODE 8011-01-P

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 VerDate Sep<11>2014 18:00 Jun 15, 2018 Jkt 244001 PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 E:\FR\FM\18JNN1.SGM 18JNN1

Federal Register / Vol. 83, No. 117 / Monday, June 18, 2018 / Notices 28285 Budget, Room 10102, New Executive the proposed rule change and discussed executed by the Member 5 on MIAX Office Building, Washington, DC 20503, any comments it received on the PEARL in the relevant, respective origin or by sending an email to: Shagufta_ proposed rule change. The text of these type (not including Excluded Ahmed@omb.eop.gov; and (ii) Pamela statements may be examined at the Contracts) 6 expressed as a percentage of Dyson, Director/Chief Information places specified in Item IV below. The TCV.7 In addition, the per contract Officer, Securities and Exchange Exchange has prepared summaries, set transaction rebates and fees are applied Commission, c/o Candace Kenner, 100 F forth in sections A, B, and C below, of retroactively to all eligible volume for Street NE, Washington, DC 20549 or the most significant aspects of such that origin type once the respective send an email to: PRA_Mailbox@ statements. threshold tier (‘‘Tier’’) has been reached sec.gov. Comments must be submitted to A. Self-Regulatory Organization’s by the Member. The Exchange OMB within 30 days of this notice. Statement of the Purpose of, and aggregates the volume of Members and Dated: June 3, 2018. Statutory Basis for, the Proposed Rule their Affiliates.8 Members that place Eduardo A. Aleman, Change resting liquidity, i.e., orders resting on Assistant Secretary. [FR Doc. 2018–12984 Filed 6–15–18; 8:45 am] 1. Purpose BILLING CODE 8011–01–P The Exchange proposes to amend the 5 ‘‘Member’’ means an individual or organization Add/Remove Tiered Rebates/Fees set that is registered with the Exchange pursuant to Chapter II of the Exchange Rules for purposes of forth in Section 1(a) of the Fee Schedule trading on the Exchange as an ‘‘Electronic Exchange SECURITIES AND EXCHANGE to (i) modify the volume thresholds Member’’ or ‘‘Market Maker.’’ Members are deemed COMMISSION applicable to transactions for (A) ‘‘members’’ under the Exchange Act. See the [Release No. 34–83419; File No. SR– Priority Customers,3 (B) MIAX PEARL Definitions Section of the Fee Schedule and Exchange Rule 100. PEARL–2018–13] Market Makers,4 and (C) Non-Priority 6 ‘‘Excluded Contracts’’ means any contracts Customers, Firms, Broker-Dealers and routed to an away market for execution. See the Self-Regulatory Organizations; MIAX Non-MIAX PEARL Market Makers Definitions Section of the Fee Schedule. PEARL, LLC; Notice of Filing and (collectively herein ‘‘Professional 7 ‘‘TCV’’ means total consolidated volume Immediate Effectiveness of a Proposed Members’’); (ii) add a new Tier 6 and calculated as the total national volume in those Rule Change To Amend the MIAX corresponding rebates and fees classes listed on MIAX PEARL for the month for PEARL Fee Schedule which the fees apply, excluding consolidated applicable to transactions for Priority volume executed during the period time in which June 12, 2018. Customers and Professional Members; the Exchange experiences an ‘‘Exchange System (iii) decrease Maker (as defined below) Disruption’’ (solely in the option classes of the Pursuant to the provisions of Section affected Matching Engine (as defined below)). The 19(b)(1) of the Securities Exchange Act rebates in certain Tiers (as defined term Exchange System Disruption, which is defined of 1934 (‘‘Act’’),1 and Rule 19b–4 below) for options transactions in Penny in the Definitions section of the Fee Schedule, thereunder,2 notice is hereby given that classes (as defined below) and Non- means an outage of a Matching Engine or collective Penny classes (as defined below) for Matching Engines for a period of two consecutive on May 31, 2018, MIAX PEARL, LLC hours or more, during trading hours. The term (‘‘MIAX PEARL’’ or ‘‘Exchange’’) filed Priority Customers and Professional Matching Engine, which is also defined in the with the Securities and Exchange Members; (iv) increase Taker (as defined Definitions section of the Fee Schedule, is a part of Commission (‘‘Commission’’) a below) fees in all Tiers for options the MIAX PEARL electronic system that processes transactions in Penny Classes for options orders and trades on a symbol-by-symbol proposed rule change as described in basis. Some Matching Engines will process option Items I, II, and III below, which Items Priority Customers, and increase the classes with multiple root symbols, and other have been prepared by the Exchange. Taker fees in Tier 2 applicable to Matching Engines may be dedicated to one single The Commission is publishing this options transactions in Penny and Non- option root symbol (for example, options on SPY Penny classes for Professional Members; may be processed by one single Matching Engine notice to solicit comments on the that is dedicated only to SPY). A particular root proposed rule change from interested (v) provide alternative Maker rebates for symbol may only be assigned to a single designated persons. options transactions in all classes for Matching Engine. A particular root symbol may not Professional Members, provided that the be assigned to multiple Matching Engines. The I. Self-Regulatory Organization’s Member meets certain volume criteria; Exchange believes that it is reasonable and Statement of the Terms of Substance of and (vi) create new tiered fee structures appropriate to select two consecutive hours as the the Proposed Rule Change amount of time necessary to constitute an Exchange for Taker fees in the symbols SPY, QQQ, System Disruption, as two hours equates to The Exchange is filing a proposal to IWM and VXX for Priority Customers. approximately 1.4% of available trading time per amend the MIAX PEARL Fee Schedule The Exchange also proposes to make month. The Exchange notes that the term (the ‘‘Fee Schedule’’). ‘‘Exchange System Disruption’’ and its meaning certain non-substantive, technical have no applicability outside of the Fee Schedule, The text of the proposed rule change corrections to the Fee Schedule, as as it is used solely for purposes of calculating is available on the Exchange’s website at described below. volume for the threshold tiers in the Fee Schedule. http://www.miaxoptions.com/rule- The Exchange currently assesses See the Definitions Section of the Fee Schedule. 8 ‘‘Affiliate’’ means (i) an affiliate of a Member of filings/pearl at MIAX PEARL’s principal transaction rebates and fees to all at least 75% common ownership between the firms office, and at the Commission’s Public market participants which are based as reflected on each firm’s Form BD, Schedule A, Reference Room. upon the total monthly volume or (ii) the Appointed Market Maker of an Appointed EEM (or, conversely, the Appointed EEM of an II. Self-Regulatory Organization’s Appointed Market Maker). An ‘‘Appointed Market Statement of the Purpose of, and 3 ‘‘Priority Customer’’ means a person or entity Maker’’ is a MIAX PEARL Market Maker (who does Statutory Basis for, the Proposed Rule that (i) is not a broker or dealer in securities, and not otherwise have a corporate affiliation based amozie on DSK3GDR082PROD with NOTICES1 Change (ii) does not place more than 390 orders in listed upon common ownership with an EEM) that has options per day on average during a calendar month been appointed by an EEM and an ‘‘Appointed In its filing with the Commission, the for its own beneficial account(s). See Exchange Rule EEM’’ is an EEM (who does not otherwise have a Exchange included statements 100, including Interpretations and Policies .01. corporate affiliation based upon common 4 ‘‘Market Maker’’ means a Member registered ownership with a MIAX PEARL Market Maker) that concerning the purpose of and basis for with the Exchange for the purpose of making has been appointed by a MIAX PEARL Market markets in options contracts traded on the Maker, pursuant to the process described in the Fee 1 15 U.S.C. 78s(b)(1). Exchange. See the Definitions Section of the Fee Schedule. See the Definitions Section of the Fee 2 17 CFR 240.19b–4. Schedule and Exchange Rule 100. Schedule. VerDate Sep<11>2014 18:00 Jun 15, 2018 Jkt 244001 PO 00000 Frm 00104 Fmt 4703 Sfmt 4703 E:\FR\FM\18JNN1.SGM 18JNN1


Document Created: 2018-06-18 15:50:16
Document Modified: 2018-06-18 15:50:16
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 Citation83 FR 28284 
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