83 FR 31435 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

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

Page Range		31435-31436
FR Document		2018-14357

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

[Federal Register Volume 83, Number 129 (Thursday, July 5, 2018)]
[Notices]
[Pages 31435-31436]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-14357]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-349, OMB Control No. 3235-0395]


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 15g-6

    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

[[Page 31436]]

Office of Management and Budget (``OMB'') a request for approval of 
extension of the previously approved collection of information provided 
for in Rule 15g-6--Account Statements for Penny Stock Customers--(17 
CFR 240.15g-6) under the Securities Exchange Act of 1934 (15 U.S.C. 78a 
et seq.).
    Rule 15g-6 requires brokers and dealers that sell penny stocks to 
provide their customers monthly account statements containing 
information with regard to the penny stocks held in customer accounts. 
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 78 hours annually to comply with this rule. Thus, 
the total compliance burden is approximately 15,210 burden-hours per 
year.
    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: http://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 within 30 days of this 
notice.

    Dated: June 28, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-14357 Filed 7-3-18; 8:45 am]
 BILLING CODE 8011-01-P

31436 Federal Register / Vol. 83, No. 129 / Thursday, July 5, 2018 / Notices

Office of Management and Budget SECURITIES AND EXCHANGE introduce fees for the newly listed
(‘‘OMB’’) a request for approval of COMMISSION options on the NYSE FANG+ Index
extension of the previously approved (‘‘NYSE FANG+’’), which will trade
[Release No. 34–83554; File No. SR–
collection of information provided for in NYSEArca–2018–49]
under the symbol FAANG.
Rule 15g–6—Account Statements for The Exchange proposes that for fee
Penny Stock Customers—(17 CFR Self-Regulatory Organizations; NYSE purposes transactions in FAANG
240.15g–6) under the Securities Arca, Inc.; Notice of Filing and options would not be treated as adding
Exchange Act of 1934 (15 U.S.C. 78a et Immediate Effectiveness of Proposed or removing liquidity, but rather that all
seq.). Rule Change To Modify the NYSE Arca transactions, both manual and
Options Fee Schedule electronic, be charged by account status.
Rule 15g–6 requires brokers and As proposed, the Exchange would
dealers that sell penny stocks to provide June 28, 2018. charge $0.35 per contract, per side for
their customers monthly account Pursuant to Section 19(b)(1) 1 of the non-Customer and Professional
statements containing information with Securities Exchange Act of 1934 (the Customer NYSE FANG+ transactions,
regard to the penny stocks held in ‘‘Act’’) 2 and Rule 19b–4 thereunder,3 whether executed manually or
customer accounts. The purpose of the notice is hereby given that, on June 27, electronically.4 However, the Exchange
rule is to increase the level of disclosure 2018, NYSE Arca, Inc. (the ‘‘Exchange’’ would not charge a fee for any FAANG
to investors concerning penny stocks or ‘‘NYSE Arca’’) filed with the transactions (i) on behalf of Customers
generally and specific penny stock Securities and Exchange Commission or (ii) by Market Makers with an
transactions. (the ‘‘Commission’’) the proposed rule appointment in NYSE FANG+.5 Market
change as described in Items I, II, and Makers that do not have an appointment
The Commission estimates that III below, which Items have been
approximately 195 broker-dealers will in NYSE FANG+ will be subject to the
prepared by the self-regulatory same fee of $0.35 per contract, per side
spend an average of 78 hours annually organization. The Commission is for non-Customer and Professional
to comply with this rule. Thus, the total publishing this notice to solicit Customer NYSE FANG+ transactions.
compliance burden is approximately comments on the proposed rule change Further, the Exchange would not
15,210 burden-hours per year. from interested persons. impose the Lead Market Maker Rights
An agency may not conduct or I. Self-Regulatory Organization’s Fees upon allocation in options on
sponsor, and a person is not required to Statement of the Terms of Substance of NYSE FANG+.6 The Exchange notes
respond to, a collection of information the Proposed Rule Change that volume in NYSE FANG+ would be
under the PRA unless it displays a included in calculations to qualify for
The Exchange proposes to modify the
currently valid OMB control number. any volume-based incentives currently
NYSE Arca Options Fee Schedule (‘‘Fee
The public may view background being offered on the Exchange,
Schedule’’). The Exchange proposes to
documentation for this information including (but not limited to) the Non-
implement the fee change effective June
Customer, Non-Penny Pilot Posting
collection at the following website: 27, 2018. The proposed rule change is
Tiers (as applicable) and the Firm and
http://www.reginfo.gov. Comments available on the Exchange’s website at
Broker Dealer Monthly Fee Cap.7
should be directed to: (i) Desk Officer www.nyse.com, at the principal office of
The Exchange believes the proposed
for the Securities and Exchange the Exchange, and at the Commission’s
fees for NYSE FANG+ would further the
Commission, Office of Information and Public Reference Room.
Exchange’s goal of introducing new
Regulatory Affairs, Office of II. Self-Regulatory Organization’s products to the marketplace by
Management and Budget, Room 10102, Statement of the Purpose of, and encouraging trading in this index, in
New Executive Office Building, Statutory Basis for, the Proposed Rule particular by encouraging Market
Washington, DC 20503 or by sending an Change Makers to make a market in these
email to: Shagufta_Ahmed@ In its filing with the Commission, the products, which would in turn, benefit
omb.eop.gov; and (ii) Pamela Dyson, self-regulatory organization included market participants.
Director/Chief Information Officer, statements concerning the purpose of, 2. Statutory Basis
Securities and Exchange Commission, and basis for, the proposed rule change
c/o Candace Kenner, 100 F Street NE, and discussed any comments it received The Exchange believes that the
Washington, DC 20549 or by sending an on the proposed rule change. The text proposed rule change is consistent with
email to PRA_Mailbox@sec.gov. of those statements may be examined at Section 6(b) of the Act, in general, and
Comments must be submitted within 30 the places specified in Item IV below. furthers the objectives of Sections
days of this notice. The Exchange has prepared summaries, 6(b)(4) and (5) of the Act, in particular,
set forth in sections A, B, and C below, because it provides for the equitable
Dated: June 28, 2018. allocation of reasonable dues, fees, and
of the most significant parts of such
Eduardo A. Aleman,
statements. 4 See proposed Fee Schedule, NYSE FANG+
Assistant Secretary.
A. Self-Regulatory Organization’s Index (FAANG) Transaction Fees.
[FR Doc. 2018–14357 Filed 7–3–18; 8:45 am] 5 See id. The term Market Maker, as used herein,
Statement of the Purpose of, and the
BILLING CODE 8011–01–P includes NYSE Arca Options Market Makers and
Statutory Basis for, the Proposed Rule Lead Market Makers (or LMMs).
Change 6 See proposed Fee Schedule, Endnote 2
amozie on DSK3GDR082PROD with NOTICES1

(providing that ‘‘[t]he Lead Market Maker Rights
1. Purpose Fee does not apply to options on the NYSE FANG+
The purpose of this filing is to modify Index (FAANG)’’).
7 See proposed Fee Schedule, Endnote 8
the Fee Schedule, effective 27, 2018, to
(providing that ‘‘[a]ny volume in options on NYSE
FANG+ (FAANG) would be included in
1 15 U.S.C. 78s(b)(1). calculations to qualify for any volume-based
2 15 U.S.C. 78a. incentives currently being offered on the
3 17 CFR 240.19b–4. Exchange’’).

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Document Created: 2018-07-03 23:40:17
Document Modified: 2018-07-03 23:40:17

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 31435