83 FR 31433 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 129 (July 5, 2018)

Page Range		31433-31434
FR Document		2018-14358

Federal Register, Volume 83 Issue 129 (Thursday, July 5, 2018)

[Federal Register Volume 83, Number 129 (Thursday, July 5, 2018)]
[Notices]
[Pages 31433-31434]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-14358]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-347, OMB Control No. 3235-0393]


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-4

    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 extension of the existing collection 
of information provided for in Rule 15g-4--Disclosure of compensation 
to brokers or dealers (17 CRF 240.15g-4) under the Securities Exchange 
Act of 1934 (15 U.S.C. 78a et seq.).
    Rule 15g-4 requires brokers and dealers effecting transactions in 
penny stocks for or with customers to disclose the amount of 
compensation received by the broker-dealer in connection with the 
transaction. The purpose of the rule is

[[Page 31434]]

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-4 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: 
[email protected]; and (ii) Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Candace 
Kenner, 100 F Street NE, Washington, DC 20549 or by sending an email to 
[email protected]. Comments must be submitted to OMB within 30 days 
of this notice.

    Dated: June 28, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-14358 Filed 7-3-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 129 / Thursday, July 5, 2018 / Notices 31433

goal of introducing new products to the III. Date of Effectiveness of the proposed rule change between the
marketplace by encouraging trading in Proposed Rule Change and Timing for Commission and any person, other than
these products. To the extent that the Commission Action those that may be withheld from the
proposed change incentivizes any The foregoing rule change is effective public in accordance with the
market participants to direct their order upon filing pursuant to Section provisions of 5 U.S.C. 552, will be
flow to the Exchange, all market 19(b)(3)(A) 11 of the Act and available for website viewing and
participants would benefit from subparagraph (f)(2) of Rule 19b–4 12 printing in the Commission’s Public
increased liquidity and trading thereunder, because it establishes a due, Reference Room, 100 F Street NE,
opportunities on the Exchange. Finally, fee, or other charge imposed by the Washington, DC 20549, on official
the Exchange notes that offering market Exchange. business days between the hours of
participants incentives to trade in At any time within 60 days of the 10:00 a.m. and 3:00 p.m. Copies of the
certain newly offered products is not filing of such proposed rule change, the filing also will be available for
Commission summarily may inspection and copying at the principal
new or novel.10
temporarily suspend such rule change if office of the Exchange. All comments
B. Self-Regulatory Organization’s it appears to the Commission that such received will be posted without change.
Statement on Burden on Competition action is necessary or appropriate in the Persons submitting comments are
public interest, for the protection of cautioned that we do not redact or edit
In accordance with Section 6(b)(8) of investors, or otherwise in furtherance of personal identifying information from
the Act, the Exchange does not believe the purposes of the Act. If the comment submissions. You should
that the proposed rule change would Commission takes such action, the submit only information that you wish
impose any burden on competition that Commission shall institute proceedings to make available publicly. All
is not necessary or appropriate in under Section 19(b)(2)(B) 13 of the Act to submissions should refer to File No.
furtherance of the purposes of the Act. determine whether the proposed rule SR–NYSEAMER–2018–34, and should
The Exchange believes the proposed change should be approved or be submitted on or before July 26, 2018.
transaction fees for NYSE FANG+ disapproved. For the Commission, by the Division of
would not place an unfair burden on IV. Solicitation of Comments Trading and Markets, pursuant to delegated
competition as it would apply to all authority.14
similarly situated non-Customer/non- Interested persons are invited to Eduardo A. Aleman,
submit written data, views, and
Market Maker participants. The Assistant Secretary.
arguments concerning the foregoing,
Exchange also believes the proposed [FR Doc. 2018–14362 Filed 7–3–18; 8:45 am]
including whether the proposed rule
pricing for NYSE FANG+ is BILLING CODE 8011–01–P
change is consistent with the Act.
procompetitive as it would further the Comments may be submitted by any of
Exchange’s goal of introducing new the following methods:
products to the marketplace and SECURITIES AND EXCHANGE
encouraging Market Makers to make a Electronic Comments COMMISSION
market in these products, which would • Use the Commission’s internet [SEC File No. 270–347, OMB Control No.
in turn, benefit market participants. comment form (http://www.sec.gov/ 3235–0393]
Market participants that do not wish to rules/sro.shtml); or
trade in or seek an appointment in • Send an email to rule-comments@ Submission for OMB Review;
NYSE FANG+ are not obliged to do so. sec.gov. Please include File No. SR– Comment Request
NYSEAMER–2018–34 on the subject Upon Written Request, Copies Available
The Exchange does not believe that
line. From: Securities and Exchange
the proposed change will impair the
ability of any market participants or Paper Comments Commission, Office of FOIA Services,
Washington, DC 20549–2736
competing order execution venues to • Send paper comments in triplicate
maintain their competitive standing in to Secretary, Securities and Exchange Extension:
the financial markets. Further, the fees Commission, 100 F Street NE, Rule 15g–4
would be applied to all similarly Washington, DC 20549–1090. Notice is hereby given that pursuant
situated participants (i.e., non- All submissions should refer to File No. to the Paperwork Reduction Act of 1995
Customers), and, as such, the proposed SR–NYSEAMER–2018–34. This file (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
change would not impose a disparate number should be included on the Securities and Exchange Commission
burden on competition either among or subject line if email is used. To help the (‘‘Commission’’) has submitted to the
between classes of market participants. Commission process and review your Office of Management and Budget
comments more efficiently, please use (‘‘OMB’’) a request for extension of the
C. Self-Regulatory Organization’s only one method. The Commission will existing collection of information
Statement on Comments on the post all comments on the Commission’s provided for in Rule 15g–4—Disclosure
Proposed Rule Change Received From internet website (http://www.sec.gov/ of compensation to brokers or dealers
Members, Participants, or Others rules/sro.shtml). Copies of the (17 CRF 240.15g–4) under the Securities
submission, all subsequent Exchange Act of 1934 (15 U.S.C. 78a et
No written comments were solicited seq.).
amendments, all written statements
or received with respect to the proposed Rule 15g–4 requires brokers and
with respect to the proposed rule
amozie on DSK3GDR082PROD with NOTICES1

rule change. dealers effecting transactions in penny
change that are filed with the
Commission, and all written stocks for or with customers to disclose
10 See, e.g., Securities Exchange Act Release No.
communications relating to the the amount of compensation received by
77293 (March 4, 2016), 81 FR 12762 (March 4,
the broker-dealer in connection with the
2016) (SR–NYSEMKT–2016–34) (addressing the
treatment of Binary Return Derivatives—or ByRDs— 11 15 U.S.C. 78s(b)(3)(A). transaction. The purpose of the rule is
12 17 CFR 240.19b–4(f)(2).
and exempting such transactions from all Exchange
fees to encourage trading in the product). 13 15 U.S.C. 78s(b)(2)(B). 14 17 CFR 200.30–3(a)(12).

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Document Created: 2018-07-03 23:39:57
Document Modified: 2018-07-03 23:39:57

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 31433