83 FR 29841 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 123 (June 26, 2018)

Page Range		29841-29842
FR Document		2018-13680

Federal Register, Volume 83 Issue 123 (Tuesday, June 26, 2018)

[Federal Register Volume 83, Number 123 (Tuesday, June 26, 2018)]
[Notices]
[Pages 29841-29842]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-13680]


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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, Washington, DC 20549-2736

Extension:
    Rule 15g-3, SEC File No. 270-346, OMB Control No. 3235-0392

    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'') has submitted to the Office of Management 
and Budget (``OMB'') a request for approval of extension of the 
existing collection of information provided for in Rule 15g-3--Broker 
or dealer disclosure of quotations and other information relating to 
the penny stock market (17 CFR 240.15g-3) under the Securities Exchange 
Act of 1934 (15 U.S.C. 78a et seq.).
    Rule 15g-3 requires that brokers and dealers disclose to customers 
current quotation prices or similar market information in connection 
with transactions in penny stocks. The purpose of the rule is to 
increase the level of disclosure to investors concerning penny stocks 
generally and specific penny stock transactions.
    The Commission estimates that approximately 195 broker-dealers will 
spend an average of 87 hours annually to comply with this rule. Thus, 
the total compliance burden is approximately 16,965 burden-hours per 
year.
    Rule 15g-3 contains record retention requirements. Compliance with 
the rule is mandatory. The required records are available only to the 
examination staff of the Commission and the self regulatory 
organizations of which the broker-dealer is a member.
    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.
    The public may view 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 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

[[Page 29842]]

Commission, c/o Candace Kenner, 100 F Street NE, Washington, DC 20549 
or by sending an email to PRA_Mailbox@sec.gov. Comments must be 
submitted to OMB within 30 days of this notice.

    Dated: June 21, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-13680 Filed 6-25-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 123 / Tuesday, June 26, 2018 / Notices 29841

4240 will help to stabilize the financial Electronic Comments SECURITIES AND EXCHANGE
markets. COMMISSION
• Use the Commission’s internet
B. Self-Regulatory Organization’s comment form (http://www.sec.gov/ Submission for OMB Review;
Statement on Burden on Competition rules/sro.shtml); or Comment Request
FINRA does not believe that the • Send an email to rule-comments@ Upon Written Request, Copies Available
proposed rule change will result in any sec.gov. Please include File Number SR– From: Securities and Exchange
burden on competition that is not FINRA–2018–025 on the subject line. Commission, Office of FOIA Services,
necessary or appropriate in furtherance Paper Comments Washington, DC 20549–2736
of the purposes of the Act. FINRA Extension:
believes that extending the • Send paper comments in triplicate Rule 15g–3, SEC File No. 270–346, OMB
implementation of FINRA Rule 4240 for to Eduardo Aleman, Assistant Secretary, Control No. 3235–0392
a limited period, to July 18, 2019, in Securities and Exchange Commission, Notice is hereby given that pursuant
light of the continuing development of 100 F Street NE, Washington, DC to the Paperwork Reduction Act of 1995
the CDS business and ongoing 20549–1090. (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
regulatory developments, helps to Securities and Exchange Commission
promote stability in the financial All submissions should refer to File
(‘‘Commission’’) has submitted to the
markets and regulatory certainty for Number SR–FINRA–2018–025. This file Office of Management and Budget
members. number should be included on the (‘‘OMB’’) a request for approval of
subject line if email is used. To help the extension of the existing collection of
C. Self-Regulatory Organization’s Commission process and review your information provided for in Rule 15g–
Statement on Comments on the comments more efficiently, please use 3—Broker or dealer disclosure of
Proposed Rule Change Received From only one method. The Commission will quotations and other information
Members, Participants, or Others post all comments on the Commission’s relating to the penny stock market (17
internet website (http://www.sec.gov/ CFR 240.15g–3) under the Securities
Written comments were neither
solicited nor received. rules/sro.shtml). Copies of the Exchange Act of 1934 (15 U.S.C. 78a et
submission, all subsequent seq.).
III. Date of Effectiveness of the amendments, all written statements Rule 15g–3 requires that brokers and
Proposed Rule Change and Timing for with respect to the proposed rule dealers disclose to customers current
Commission Action change that are filed with the quotation prices or similar market
Commission, and all written information in connection with
Because the foregoing proposed rule transactions in penny stocks. The
communications relating to the
change does not: (i) Significantly affect purpose of the rule is to increase the
proposed rule change between the
the protection of investors or the public level of disclosure to investors
Commission and any person, other than
interest; (ii) impose any significant concerning penny stocks generally and
burden on competition; and (iii) become those that may be withheld from the
public in accordance with the specific penny stock transactions.
operative for 30 days from the date on The Commission estimates that
which it was filed, or such shorter time provisions of 5 U.S.C. 552, will be
approximately 195 broker-dealers will
as the Commission may designate, it has available for website viewing and spend an average of 87 hours annually
become effective pursuant to Section printing in the Commission’s Public to comply with this rule. Thus, the total
19(b)(3)(A) of the Act 12 and Rule 19b– Reference Room, 100 F Street NE, compliance burden is approximately
4(f)(6) thereunder.13 Washington, DC 20549, on official 16,965 burden-hours per year.
business days between the hours of 10 Rule 15g–3 contains record retention
At any time within 60 days of the
a.m. and 3 p.m. Copies of such filing requirements. Compliance with the rule
filing of the proposed rule change, the
also will be available for inspection and is mandatory. The required records are
Commission summarily may
temporarily suspend such rule change if copying at the principal office of available only to the examination staff
it appears to the Commission that such FINRA. All comments received will be of the Commission and the self
action is necessary or appropriate in the posted without change. Persons regulatory organizations of which the
public interest, for the protection of submitting comments are cautioned that broker-dealer is a member.
we do not redact or edit personal An agency may not conduct or
investors, or otherwise in furtherance of
identifying information from comment sponsor, and a person is not required to
the purposes of the Act. If the
submissions. You should submit only respond to, a collection of information
Commission takes such action, the
information that you wish to make under the PRA unless it displays a
Commission shall institute proceedings
available publicly. All submissions currently valid OMB control number.
to determine whether the proposed rule The public may view background
should be approved or disapproved. should refer to File Number SR–FINRA–
documentation for this information
2018–025 and should be submitted on
IV. Solicitation of Comments collection at the following website:
or before July 17, 2018. www.reginfo.gov. Comments should be
Interested persons are invited to For the Commission, by the Division of directed to: (i) Desk Officer for the
submit written data, views, and Trading and Markets, pursuant to delegated Securities and Exchange Commission,
arguments concerning the foregoing, authority.14 Office of Information and Regulatory
sradovich on DSK3GMQ082PROD with NOTICES

including whether the proposed rule Eduardo A. Aleman, Affairs, Office of Management and
change is consistent with the Act. Assistant Secretary. Budget, Room 10102, New Executive
Comments may be submitted by any of [FR Doc. 2018–13614 Filed 6–25–18; 8:45 am] Office Building, Washington, DC 20503
the following methods: or by sending an email to: Shagufta_
BILLING CODE 8011–01–P
Ahmed@omb.eop.gov; and (ii) Pamela
12 15 U.S.C. 78s(b)(3)(A). Dyson, Director/Chief Information
13 17 CFR 240.19b–4(f)(6). 14 17 CFR 200.30–3(a)(12). Officer, Securities and Exchange

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29842 Federal Register / Vol. 83, No. 123 / Tuesday, June 26, 2018 / Notices

Commission, c/o Candace Kenner, 100 F II. Self-Regulatory Organization’s members of other Affiliated Exchanges.
Street NE, Washington, DC 20549 or by Statement of the Purpose of, and Moreover, the proposed changes are of
sending an email to PRA_Mailbox@ Statutory Basis for, the Proposed Rule a non-substantive nature and will not
sec.gov. Comments must be submitted to Change amend the relocated rules other than to
OMB within 30 days of this notice. In its filing with the Commission, the update their numbers and make
Exchange included statements conforming cross-reference changes.
Dated: June 21, 2018.
Eduardo A. Aleman, concerning the purpose of and basis for 2. Statutory Basis
the proposed rule change and discussed
Assistant Secretary. The Exchange believes that its
any comments it received on the
[FR Doc. 2018–13680 Filed 6–25–18; 8:45 am] proposal is consistent with Section 6(b)
proposed rule change. The text of these
of the Act,5 in general, and furthers the
BILLING CODE 8011–01–P statements may be examined at the
objectives of Section 6(b)(5) of the Act,6
places specified in Item IV below. The
in particular, in that it is designed to
Exchange has prepared summaries, set
SECURITIES AND EXCHANGE promote just and equitable principles of
forth in sections A, B, and C below, of
COMMISSION trade, to remove impediments to and
the most significant aspects of such
perfect the mechanism of a free and
statements.
open market and a national market
[Release No. 34–83478; File No. SR–ISE–
A. Self-Regulatory Organization’s system, and, in general to protect
2018–54]
Statement of the Purpose of, and investors and the public interest, by
Self-Regulatory Organizations; Nasdaq Statutory Basis for, the Proposed Rule improving the way its Rulebook is
ISE, LLC; Notice of Filing and Change organized, providing ease of reference in
locating co-location and direct
Immediate Effectiveness of Proposed 1. Purpose
connectivity rules, and harmonizing the
Rule Change To Relocate the The Exchange proposes to relocate its Exchange’s Rules with those of the other
Exchange’s Rules Pertaining to Co- rules governing co-location and direct Affiliated Exchanges. As previously
location and Direct Connectivity connectivity services, which presently stated, the proposed Rule relocation is
June 20, 2018.
comprise Section VI, subsections E (co- non-substantive.
location) and F–H (direct connectivity)
Pursuant to Section 19(b)(1) of the of the Exchange’s Schedule of Fees. The B. Self-Regulatory Organization’s
Securities Exchange Act of 1934 Exchange proposes to establish, within Statement on Burden on Competition
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 its new rulebook shell,3 a new General The Exchange does not believe that
notice is hereby given that on June 5, 8 heading, entitled ‘‘Connectivity,’’ to the proposed rule change will impose
2018, Nasdaq ISE, LLC (‘‘ISE’’ or renumber Section VI, subsection E as any burden on intermarket or intra-
‘‘Exchange’’) filed with the Securities Section 1 thereunder, and to renumber market competition that is not necessary
and Exchange Commission Section VI, subsections F, G, and H as or appropriate in furtherance of the
(‘‘Commission’’) the proposed rule Section 2(a), (b), and (c) thereunder.4 purposes of the Act. The proposed
change as described in Items I and II The Exchange also proposes to update changes do not impose a burden on
below, which Items have been prepared internal cross-references in the competition because, as previously
by the Exchange. The Commission is renumbered Rules. stated, they (i) are of a non-substantive
publishing this notice to solicit The Exchange considers it appropriate nature, (ii) are intended to harmonize
comments on the proposed rule change to relocate these Rules to better organize the Exchange’s rules with those of its
from interested persons. its Rulebook. The other Affiliated Affiliated Exchanges, and (iii) are
Exchanges intend to propose similar intended to organize the Rulebook in a
I. Self-Regulatory Organization’s reorganizations of their co-location and way that it will ease the Members’
Statement of the Terms of Substance of direct connectivity rules so that these navigation and reading of the rules
the Proposed Rule Change rules will be harmonized among all of across the Affiliated Exchanges.
the Affiliated Exchanges.
The Exchange proposes to relocate the The relocation of the co-location and C. Self-Regulatory Organization’s
Exchange’s rules pertaining to co- direct connectivity rules is part of the Statement on Comments on the
location and direct connectivity, which Exchange’s continued effort to promote Proposed Rule Change Received From
are presently at Section VI, subsections efficiency and conformity of its Members, Participants, or Others
E (co-location) and F–H (direct processes with those of its Affiliated No written comments were either
connectivity) of the Exchange’s Exchanges. The Exchange believes that solicited or received.
Schedule of Fees, to the Exchange’s new moving the co-location and direct
III. Date of Effectiveness of the
rulebook shell, entitled ‘‘General connectivity rules to their new location
Proposed Rule Change and Timing for
Rules,’’ at new General 8 will facilitate the use of the Rulebook by
Commission Action
(‘‘Connectivity’’), Sections 1 and 2, Members of the Exchange who are
Because the foregoing proposed rule
respectively.
3 Recently, the Exchange added a shell structure change does not: (i) Significantly affect
The text of the proposed rule change to its Rulebook with the purpose of improving the protection of investors or the public
is available on the Exchange’s website at efficiency and readability and to align its rules interest; (ii) impose any significant
closer to those of its five sister exchanges: The
sradovich on DSK3GMQ082PROD with NOTICES

http://ise.cchwallstreet.com/, at the Nasdaq Stock Exchange, LLC; Nasdaq BX, Inc.; burden on competition; and (iii) become
principal office of the Exchange, and at Nasdaq PHLX LLC; Nasdaq GEMX, LLC; and operative for 30 days from the date on
the Commission’s Public Reference Nasdaq MRX, LLC (together with ISE, the which it was filed, or such shorter time
Room. ‘‘Affiliated Exchanges’’). See Securities Exchange as the Commission may designate, it has
Act Release No. 82173 (November 29, 2017), 82 FR
57505 (December 5, 2017) (SR–ISE–2017–102). become effective pursuant to Section
4 The Exchange notes that as a consequence of
1 15 U.S.C. 78s(b)(1). 5 15
this proposal, it will list its fees, in part, in Section U.S.C. 78f(b).
2 17 CFR 240.19b–4. VI of the Rulebook and, in part, in General 8. 6 15 U.S.C. 78f(b)(5).

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Document Created: 2018-06-26 00:52:15
Document Modified: 2018-06-26 00:52:15

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 29841