83 FR 40819 - Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Security Futures Risk Disclosure Statement
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 159 (August 16, 2018)
Federal Register Volume 83, Issue 159 (August 16, 2018)
| Page Range | 40819-40821 | |
| FR Document | 2018-17631 |
[Federal Register Volume 83, Number 159 (Thursday, August 16, 2018)] [Notices] [Pages 40819-40821] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-17631] [[Page 40819]] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-83825; File No. SR-FINRA-2018-028] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Security Futures Risk Disclosure Statement August 10, 2018. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on August 9, 2018, Financial Industry Regulatory Authority, Inc. (``FINRA'') filed with the Securities and Exchange Commission (``SEC'' or ``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by FINRA. FINRA has designated the proposed rule change as constituting a ``non-controversial'' rule change under paragraph (f)(6) of Rule 19b-4 under the Act,\3\ which renders the proposal effective upon receipt of this filing by the Commission. 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\ 17 CFR 240.19b-4. \3\ 17 CFR 240.19b-4(f)(6). --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change FINRA is proposing to amend Section 6.1 (Protections for Securities Accounts) of the 2002 security futures risk disclosure statement (``2002 Statement'' or ``Statement'') \4\ to reflect that the Securities Investor Protection Corporation's (``SIPC'') cash limit protection for customers is $250,000, and make one technical change. The proposed rule change is related to File No. SR-FINRA-2018-024, which sets forth additional updates to the 2002 Statement. --------------------------------------------------------------------------- \4\ See Securities Exchange Act Release No. 46862 (November 20, 2002), 67 FR 70993 (November 27, 2002) (Order Approving File No. SR- NASD-2002-129). See also Securities Exchange Act Release No. 46613 (October 7, 2002), 67 FR 64176 (October 17, 2002) (Notice of Filing and Effectiveness of File No. SR-NFA-2002-05). --------------------------------------------------------------------------- The proposed updated Statement is attached as Exhibit 3a. The proposed supplement pertaining to changes to the specified paragraph under Section 6.1, the proposed technical change to Section 5.2, as well as changes to the paragraphs specified in File No. SR-FINRA-2018- 024, is attached as Exhibit 3b.\5\ --------------------------------------------------------------------------- \5\ The Commission notes that these exhibits are attached as exhibits to the filing. --------------------------------------------------------------------------- The text of the proposed rule change is available on FINRA's website at http://www.finra.org, at the principal office of FINRA 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, FINRA 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 these statements may be examined at the places specified in Item IV below. FINRA has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change 1. Purpose On June 7, 2018, FINRA filed with the SEC File No. SR-FINRA-2018- 024 to update the 2002 Statement to: (1) Incorporate prior supplements pertaining to Sections 5.2 (Settlement by Physical Delivery) and 8.1 (Corporate Events); (2) make a technical change to Section 5.2 to reflect that the normal clearance and settlement cycle for securities transaction is now two business days; (3) amend Section 6.1 (Protections for Securities Accounts) to reflect the current address for SIPC; and (4) make other non-substantive and technical changes.\6\ In addition to that recent set of updates to the 2002 Statement, FINRA is proposing to amend Section 6.1 to reflect the correct amount of SIPC coverage. The third paragraph under Section 6.1 currently reads: --------------------------------------------------------------------------- \6\ See Securities Exchange Act Release No. 83407 (June 11, 2018), 83 FR 28045 (June 15, 2018) (Notice of Filing and Immediate Effectiveness of File No. SR-FINRA-2018-024). SIPC coverage is limited to $500,000 per customer, including up to $100,000 for cash. For example, if a customer has 1,000 shares of XYZ stock valued at $200,000 and $10,000 cash in the account, both the security and the cash balance would be protected. However, if the customer has shares of stock valued at $500,000 and $100,000 in --------------------------------------------------------------------------- cash, only a total of $500,000 of those assets will be protected. The Dodd-Frank Wall Street Reform and Consumer Protection Act \7\ amended the Securities Investor Protection Act of 1970 (``SIPA'') to raise the ``standard maximum cash advance amount'' available to satisfy customer cash claims in a SIPA liquidation proceeding from $100,000 to $250,000 per customer.\8\ To reflect the current limit of protection for cash claims under SIPA, FINRA is proposing to amend the third paragraph of Section 6.1 to read: --------------------------------------------------------------------------- \7\ Public Law 111-203, 124 Stat. 1376 (2010). \8\ 15 U.S.C. 78fff-3. Effective January 1, 2017, and for the five years immediately thereafter, the Board of Directors of SIPC has determined that the maximum amount of the advance to satisfy a claim for cash will remain at the current level of $250,000 per customer. See Securities Exchange Commission, Release No. SIPA-174 (February 22, 2016), 81 FR 9561 (February 25, 2016). SIPC coverage is limited to $500,000 per customer, including up to $250,000 for cash. For example, if a customer has 1,000 shares of XYZ stock valued at $200,000 and $10,000 cash in the account, both the security and the cash balance would be protected. However, if the customer has shares of stock valued at $500,000 and $250,000 in --------------------------------------------------------------------------- cash, only a total of $500,000 of those assets will be protected. In addition, FINRA is proposing to incorporate one technical change into the proposed updated Statement.\9\ --------------------------------------------------------------------------- \9\ Specifically, the proposed rule change would remove the quotes around the acronym that defines the National Securities Clearing Corporation in Section 5.2. --------------------------------------------------------------------------- Currently, the 2002 Statement, to which 2010 and 2014 supplements are appended, is posted on FINRA's website \10\ and the 2010 and 2014 supplements are also posted on the website \11\ as separate documents to facilitate a member's compliance with Rule 2370(b)(11)(A).\12\ FINRA intends to replace the 2002 Statement currently posted on FINRA's website with an updated Statement that incorporates into the main body of the document the cumulative changes made to date, as well as the proposed amendment to the third paragraph of Section 6.1 and the one technical change described herein.\13\ --------------------------------------------------------------------------- \10\ See Security Futures Risk Disclosure Statement brochure, http://www.finra.org/sites/default/files/Security_Futures_Risk_Disclosure_Statement.pdf, posted in its current design in 2016. \11\ See FINRA's Security Futures Topic Page, http://www.finra.org/industry/security-futures (last visited August 9, 2018). \12\ See Information Notice, September 7, 2010 (August 2010 Supplement to the Security Futures Risk Disclosure Statement); see also Regulatory Notice 14-24 (May 2014) (stating, a member may separately distribute new supplements to a customer that enters into a securities futures transaction and that a member is not required to redistribute the entire Statement or the earlier supplement). \13\ The Statement, in its original language approved by the SEC in 2002, would remain accessible on FINRA's website for those members whose customers may still refer to the original version of the Statement. The Statement, however, would bear a notation that an updated version of the Statement, which incorporates the paragraphs specified in the proposed integrated supplement, is available. --------------------------------------------------------------------------- [[Page 40820]] FINRA is also in the process of creating a single, integrated supplement that aggregates the changes from File No. SR-FINRA-2018-024 and the updates described in this proposed rule change (``2018 supplement''). The 2018 supplement would appear on FINRA's website as a separate document to continue to afford members with the flexibility to comply with the requirements of Rule 2370(b)(11)(A) by separately distributing the new supplement to customers who have already received the 2002 Statement.\14\ --------------------------------------------------------------------------- \14\ The 2010 and 2014 supplements would remain accessible on FINRA's website with a notation that these paragraphs, as updated, appear in the 2018 supplement. --------------------------------------------------------------------------- FINRA has filed the proposed rule change for immediate effectiveness and has requested that the SEC waive the requirement that the proposed rule change not become operative for 30 days after the date of the filing, so that FINRA can implement the proposed rule change on September 5, 2018.\15\ --------------------------------------------------------------------------- \15\ FINRA intends to announce the September 5, 2018 implementation date in an upcoming Regulatory Notice that will also establish September 5, 2018 as the implementation date for other changes to the Statement. See Securities Exchange Act Release No. 83407 (June 11, 2018), 83 FR 28045 (June 15, 2018) (Notice of Filing and Immediate Effectiveness of File No. SR-FINRA-2018-024). --------------------------------------------------------------------------- 2. Statutory Basis FINRA believes that the proposed rule change is consistent with the provisions of Section 15A(b)(6) of the Act,\16\ which requires, among other things, that FINRA rules must be designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, and, in general, to protect investors and the public interest. FINRA believes that updating the Statement to incorporate all supplements into the main body will help to accurately inform customers of the characteristics and risks of security futures. The proposed updated Statement would also reflect that SIPC's current cash limit protection for customers is $250,000, increased from $100,000 in 2010. --------------------------------------------------------------------------- \16\ 15 U.S.C. 78o-3(b)(6). --------------------------------------------------------------------------- B. Self-Regulatory Organization's Statement on Burden on Competition FINRA does not believe that the proposed rule change will result in any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. While FINRA recognizes that there may be a burden associated with the distribution of the proposed updated Statement or 2018 supplement, FINRA believes that any such burden would be outweighed by the benefit to customers of accurately disclosing the characteristics and risks of security futures. FINRA also believes that any burden will be minimal because firms currently have an existing obligation to deliver each new (i.e., updated) Statement or supplement to customers, and may electronically transmit documents that they are required to furnish to customers under FINRA rules, including the proposed updated Statement or 2018 supplement, provided firms adhere to the standards contained in the Commission's May 1996 and October 1995 releases on electronic delivery,\17\ and as discussed in Notice to Members 98-3.\18\ Firms also may transmit the proposed updated Statement or 2018 supplement to customers through the use of a hyperlink, provided that customers have consented to electronic delivery.\19\ --------------------------------------------------------------------------- \17\ See Securities Act Release No. 7288 (May 9, 1996), 61 FR 24644 (May 15, 1996) and Securities Act Release No. 7233 (October 6, 1995), 60 FR 53458 (October 13, 1995). See also Securities Act Release No. 7856 (April 28, 2000), 65 FR 25843 (May 4, 2000) (affirming that the framework for electronic delivery established in the 1995 and 1996 releases continues to work well in today's technological environment). \18\ See Notice to Members 98-3 (January 1998). \19\ See Information Notice, September 7, 2010 (August 2010 Supplement to the Security Futures Risk Disclosure Statement). --------------------------------------------------------------------------- C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others Written comments were neither solicited nor received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not (i) significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) of the Act \20\ and Rule 19b- 4(f)(6) thereunder.\21\ --------------------------------------------------------------------------- \20\ 15 U.S.C. 78s(b)(3)(A). \21\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) requires FINRA to give the Commission written notice of FINRA's intent to file the proposed rule change, along with a brief description and text of the proposed rule change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. FINRA has satisfied this requirement. --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) \22\ normally does not become operative for 30 days after the date of filing. However, pursuant to Rule 19b-4(f)(6)(iii),\23\ the Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest. FINRA has asked the Commission to waive the 30-day operative delay so that the proposed changes can be implemented on September 5, 2018. The Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest because it will allow the implementation date of the proposed changes to coincide with the implementation date of other changes that will be made to the Statement. Accordingly, the Commission hereby waives the 30-day operative delay requirement and designates the proposed rule change as operative upon filing.\24\ --------------------------------------------------------------------------- \22\ 17 CFR 240.19b-4(f)(6). \23\ 17 CFR 240.19b-4(f)(6)(iii). \24\ For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- At any time within 60 days of the filing of the 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 to determine whether the proposed rule should be approved or disapproved. 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-FINRA-2018-028 on the subject line. Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090. All submissions should refer to File Number SR-FINRA-2018-028. 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 [[Page 40821]] 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 the filing also will be available for inspection and copying at the principal office of FINRA. 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-FINRA-2018-028, and should be submitted on or before September 6, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\25\ --------------------------------------------------------------------------- \25\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2018-17631 Filed 8-15-18; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 83, No. 159 / Thursday, August 16, 2018 / Notices 40819
SECURITIES AND EXCHANGE FINRA–2018–024, is attached as Exhibit 1970 (‘‘SIPA’’) to raise the ‘‘standard
COMMISSION 3b.5 maximum cash advance amount’’
The text of the proposed rule change available to satisfy customer cash claims
[Release No. 34–83825; File No. SR–FINRA–
is available on FINRA’s website at in a SIPA liquidation proceeding from
2018–028] http://www.finra.org, at the principal $100,000 to $250,000 per customer.8 To
office of FINRA and at the reflect the current limit of protection for
Self-Regulatory Organizations; Commission’s Public Reference Room. cash claims under SIPA, FINRA is
Financial Industry Regulatory II. Self-Regulatory Organization’s proposing to amend the third paragraph
Authority, Inc.; Notice of Filing and Statement of the Purpose of, and of Section 6.1 to read:
Immediate Effectiveness of a Proposed Statutory Basis for, the Proposed Rule SIPC coverage is limited to $500,000 per
Rule Change To Amend the Security Change customer, including up to $250,000 for cash.
Futures Risk Disclosure Statement For example, if a customer has 1,000 shares
In its filing with the Commission, of XYZ stock valued at $200,000 and $10,000
August 10, 2018. FINRA included statements concerning cash in the account, both the security and the
Pursuant to Section 19(b)(1) of the the purpose of and basis for the cash balance would be protected. However,
proposed rule change and discussed any if the customer has shares of stock valued at
Securities Exchange Act of 1934
comments it received on the proposed $500,000 and $250,000 in cash, only a total
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 of $500,000 of those assets will be protected.
rule change. The text of these statements
notice is hereby given that on August 9,
may be examined at the places specified In addition, FINRA is proposing to
2018, Financial Industry Regulatory
in Item IV below. FINRA has prepared incorporate one technical change into
Authority, Inc. (‘‘FINRA’’) filed with the
summaries, set forth in sections A, B, the proposed updated Statement.9
Securities and Exchange Commission
and C below, of the most significant Currently, the 2002 Statement, to
(‘‘SEC’’ or ‘‘Commission’’) the proposed
aspects of such statements. which 2010 and 2014 supplements are
rule change as described in Items I and
II below, which Items have been A. Self-Regulatory Organization’s appended, is posted on FINRA’s
prepared by FINRA. FINRA has Statement of the Purpose of, and the website 10 and the 2010 and 2014
designated the proposed rule change as Statutory Basis for, the Proposed Rule supplements are also posted on the
constituting a ‘‘non-controversial’’ rule Change website 11 as separate documents to
change under paragraph (f)(6) of Rule facilitate a member’s compliance with
1. Purpose Rule 2370(b)(11)(A).12 FINRA intends to
19b–4 under the Act,3 which renders
the proposal effective upon receipt of On June 7, 2018, FINRA filed with the replace the 2002 Statement currently
this filing by the Commission. The SEC File No. SR–FINRA–2018–024 to posted on FINRA’s website with an
Commission is publishing this notice to update the 2002 Statement to: (1) updated Statement that incorporates
solicit comments on the proposed rule Incorporate prior supplements into the main body of the document the
change from interested persons. pertaining to Sections 5.2 (Settlement by cumulative changes made to date, as
Physical Delivery) and 8.1 (Corporate well as the proposed amendment to the
I. Self-Regulatory Organization’s Events); (2) make a technical change to third paragraph of Section 6.1 and the
Statement of the Terms of Substance of Section 5.2 to reflect that the normal one technical change described
the Proposed Rule Change clearance and settlement cycle for herein.13
securities transaction is now two
FINRA is proposing to amend Section business days; (3) amend Section 6.1 8 15 U.S.C. 78fff–3. Effective January 1, 2017, and
6.1 (Protections for Securities Accounts) (Protections for Securities Accounts) to for the five years immediately thereafter, the Board
of the 2002 security futures risk reflect the current address for SIPC; and of Directors of SIPC has determined that the
disclosure statement (‘‘2002 Statement’’ maximum amount of the advance to satisfy a claim
(4) make other non-substantive and for cash will remain at the current level of $250,000
or ‘‘Statement’’) 4 to reflect that the technical changes.6 In addition to that per customer. See Securities Exchange Commission,
Securities Investor Protection recent set of updates to the 2002 Release No. SIPA–174 (February 22, 2016), 81 FR
Corporation’s (‘‘SIPC’’) cash limit Statement, FINRA is proposing to 9561 (February 25, 2016).
protection for customers is $250,000, amend Section 6.1 to reflect the correct
9 Specifically, the proposed rule change would
and make one technical change. The remove the quotes around the acronym that defines
amount of SIPC coverage. The third the National Securities Clearing Corporation in
proposed rule change is related to File paragraph under Section 6.1 currently Section 5.2.
No. SR–FINRA–2018–024, which sets reads: 10 See Security Futures Risk Disclosure Statement
forth additional updates to the 2002 brochure, http://www.finra.org/sites/default/files/
Statement. SIPC coverage is limited to $500,000 per Security_Futures_Risk_Disclosure_Statement.pdf,
customer, including up to $100,000 for cash. posted in its current design in 2016.
The proposed updated Statement is For example, if a customer has 1,000 shares 11 See FINRA’s Security Futures Topic Page,
attached as Exhibit 3a. The proposed of XYZ stock valued at $200,000 and $10,000 http://www.finra.org/industry/security-futures (last
supplement pertaining to changes to the cash in the account, both the security and the visited August 9, 2018).
specified paragraph under Section 6.1, cash balance would be protected. However, 12 See Information Notice, September 7, 2010
if the customer has shares of stock valued at (August 2010 Supplement to the Security Futures
the proposed technical change to Risk Disclosure Statement); see also Regulatory
$500,000 and $100,000 in cash, only a total
Section 5.2, as well as changes to the of $500,000 of those assets will be protected. Notice 14–24 (May 2014) (stating, a member may
paragraphs specified in File No. SR– separately distribute new supplements to a
The Dodd-Frank Wall Street Reform customer that enters into a securities futures
and Consumer Protection Act 7 amended transaction and that a member is not required to
1 15 U.S.C. 78s(b)(1). redistribute the entire Statement or the earlier
sradovich on DSK3GMQ082PROD with NOTICES
2 17 CFR 240.19b–4. the Securities Investor Protection Act of supplement).
3 17 CFR 240.19b–4(f)(6). 13 The Statement, in its original language
4 See Securities Exchange Act Release No. 46862 5 The Commission notes that these exhibits are
approved by the SEC in 2002, would remain
(November 20, 2002), 67 FR 70993 (November 27, attached as exhibits to the filing. accessible on FINRA’s website for those members
6 See Securities Exchange Act Release No. 83407
2002) (Order Approving File No. SR–NASD–2002– whose customers may still refer to the original
129). See also Securities Exchange Act Release No. (June 11, 2018), 83 FR 28045 (June 15, 2018) (Notice version of the Statement. The Statement, however,
46613 (October 7, 2002), 67 FR 64176 (October 17, of Filing and Immediate Effectiveness of File No. would bear a notation that an updated version of
2002) (Notice of Filing and Effectiveness of File No. SR–FINRA–2018–024). the Statement, which incorporates the paragraphs
SR–NFA–2002–05). 7 Public Law 111–203, 124 Stat. 1376 (2010). Continued
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![Federal Register / Vol. 83, No. 159 / Thursday, August 16, 2018 / Notices 40821
only one method. The Commission will —Consideration and analysis of reports OFFICE OF THE UNITED STATES
post all comments on the Commission’s on alleged inadequacy of port TRADE REPRESENTATIVE
internet website (http://www.sec.gov/ reception facilities;
[Docket No. USTR–2018–0027]
rules/sro.shtml). Copies of the —Lessons learned and safety issues
submission, all subsequent identified from the analysis of marine 2018 Special 301 Out-of-Cycle Review
amendments, all written statements safety investigation reports; of Notorious Markets: Comment
with respect to the proposed rule Request
change that are filed with the —Measures to harmonize port state
Commission, and all written control (PSC) activities and AGENCY: Office of the United States
communications relating to the procedures worldwide; Trade Representative.
proposed rule change between the —Identified issues related to the ACTION: Request for comments.
Commission and any person, other than implementation of IMO instruments
those that may be withheld from the from the analysis of PSC data; SUMMARY: The Office of the United
public in accordance with the States Trade Representative (USTR)
—Analysis of consolidated audit requests written comments that identify
provisions of 5 U.S.C. 552, will be summary reports;
available for website viewing and online and physical markets based
printing in the Commission’s Public —Updated survey guidelines under the outside the United States that should be
Reference Room, 100 F Street NE, Harmonized System of Survey and included in the 2018 Notorious Markets
Washington, DC 20549, on official Certification (HSSC); List (List). Conducted under the
business days between the hours of —Non-exhaustive list of obligations auspices of the Special 301 program, the
10:00 a.m. and 3:00 p.m. Copies of the under the instruments relevant to the List identifies online and physical
filing also will be available for IMO Instruments Implementation marketplaces that reportedly engage in
inspection and copying at the principal Code (III Code); and and facilitate substantial copyright
office of FINRA. All comments received piracy and trademark counterfeiting. In
—Unified interpretation of provisions of 2010, USTR began publishing the
will be posted without change. Persons IMO safety, security, and environment
submitting comments are cautioned that Notorious Markets List separately from
related conventions. the annual Special 301 Report as an
we do not redact or edit personal
identifying information from comment —Review the Model Agreement for the ‘‘Out-of-Cycle Review.’’
submissions. You should submit only authorization of recognized DATES:
information that you wish to make organizations acting on behalf of the October 1, 2018 at midnight EST:
available publicly. All submissions Administration. Deadline for submission of written
should refer to File Number SR–FINRA– comments.
The public meeting will focus on
2018–028, and should be submitted on October 15, 2018 at midnight EST:
answering any questions from the
or before September 6, 2018. Deadline for submission of rebuttal
public that are directly related to the
comments and other information USTR
For the Commission, by the Division of meeting documents submitted for this
should consider during the review.
Trading and Markets, pursuant to delegated meeting. The public may attend this
authority.25 ADDRESSES: You should submit written
meeting up to the seating capacity of the
Robert W. Errett, room. However, due to the size of the comments through the Federal
Deputy Secretary. room and security protocols at Coast eRulemaking Portal: http://
Guard Headquarters, members of the www.regulations.gov. Follow the
[FR Doc. 2018–17631 Filed 8–15–18; 8:45 am]
public are encouraged to participate via instructions for submitting comments in
BILLING CODE 8011–01–P
teleconference. To access the section III below. For alternatives to
teleconference line or request physical online submissions, please contact
access to the meeting, participants USTR at Special301@ustr.eop.gov before
DEPARTMENT OF STATE transmitting a comment and in advance
should contact the meeting coordinator,
[Public Notice 10506] Mr. Christopher Gagnon, by email at of the relevant deadline.
christopher.j.gagnon@uscg.mil or by FOR FURTHER INFORMATION CONTACT:
Notice of Public Meeting Sung Chang, Director for Innovation and
phone at (202) 372–1231. Physical
The Department of State will conduct access to the meeting requires that all Intellectual Property, at special301@
an open meeting at 10:30 a.m. on attendees respond to the meeting ustr.eop.gov. You can find information
Friday, September 14, 2018, in Room coordinator not later than September 5, about the Special 301 Review, including
5Y23–21 of the Douglas A. Munro Coast 2018, seven working days prior to the the Notorious Markets List, at
Guard Headquarters Building at St. meeting. Responses made after www.ustr.gov.
Elizabeth’s, 2703 Martin Luther King Jr. September 5, 2018 might result in not SUPPLEMENTARY INFORMATION:
Avenue SE, Washington, DC 20593. The being able to participate in person at the
primary purpose of the meeting is to meeting. Please note that due to security I. Background
prepare for the fifth Session of the considerations, two valid, government The United States is concerned with
International Maritime Organization’s issued photo identifications must be trademark counterfeiting and copyright
(IMO) Sub-Committee on presented to gain entrance to the Coast piracy on a commercial scale because
Implementation of IMO Instruments (III Guard Headquarters building. The they cause significant financial losses
5) to be held at the IMO headquarters, for right holders, legitimate businesses
sradovich on DSK3GMQ082PROD with NOTICES
building is accessible by public
London, United Kingdom, on September transportation or taxi. and governments, undermine critical
24–28, 2018. U.S. comparative advantages in
The agenda items to be considered Joel C. Coito, innovation and creativity to the
include: Coast Guard Liaison Officer, Office of Ocean detriment of American workers, and
—Decisions of other IMO bodies; and Polar Affairs, Department of State. potentially pose significant risks to
[FR Doc. 2018–17701 Filed 8–15–18; 8:45 am] consumer health and safety as well as
25 17 CFR 200.30–3(a)(12). BILLING CODE 4710–09–P privacy and security. The Notorious
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Document Created: 2018-08-16 01:02:04
Document Modified: 2018-08-16 01:02:04
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 83 FR 40819 |
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