83 FR 47216 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE Arca Equities Fees and Charges To Introduce a New Pricing Tier, Step Up Tier 3
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 181 (September 18, 2018)
Federal Register Volume 83, Issue 181 (September 18, 2018)
| Page Range | 47216-47218 | |
| FR Document | 2018-20196 |
[Federal Register Volume 83, Number 181 (Tuesday, September 18, 2018)] [Notices] [Pages 47216-47218] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-20196] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-84103; File No. SR-NYSEARCA-2018-66] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE Arca Equities Fees and Charges To Introduce a New Pricing Tier, Step Up Tier 3 September 12, 2018. Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given that, on September 4, 2018, NYSE Arca, Inc. (the ``Exchange'' or ``NYSE Arca'') filed with the Securities and Exchange Commission (the ``Commission'') the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the self-regulatory organization. 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\ 15 U.S.C. 78a. \3\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend the NYSE Arca Equities Fees and Charges (``Fee Schedule'') to introduce a new pricing tier, Step Up Tier 3. The Exchange proposes to implement the fee change effective September 4, 2018. The proposed rule change is available on the Exchange's website at www.nyse.com, at the principal office of the Exchange, 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, the self-regulatory organization 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 those statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant parts of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend the Fee Schedule to introduce a new pricing tier, Step Up Tier 3. The Exchange proposes to implement the fee change effective September 4, 2018. The Exchange currently has a Step Up Tier pursuant to which qualifying ETP Holders and Market Makers receive a credit of $0.0030 per share for orders that provide displayed liquidity to the Book in Tape A Securities, $0.0023 per share for orders that provide displayed liquidity to the Book in Tape B Securities, and $0.0031 per share for orders that provide displayed liquidity to the Book in Tape C Securities if such ETP Holders and Market Makers directly execute providing average daily volume (``ADV'') per month of 0.50% or more but less than 0.70% of the US CADV, and directly execute providing ADV that is an increase of no less than 0.10% of US CADV for that month over the ETP Holder's or Market Maker's providing ADV in Q1 2018.\4\ --------------------------------------------------------------------------- \4\ See Securities Exchange Act Release No. 83032 (April 11, 2018), 83 FR 16909 (April 17, 2018) (SR-NYSEArca-2018-20). --------------------------------------------------------------------------- The Exchange also has a Step Up Tier 2 pricing tier pursuant to which ETP Holders and Market Makers receive a credit of $0.0028 per share for orders that provide displayed liquidity to the Book in Tape A and Tape C Securities, and $0.0022 per share for orders that provide displayed liquidity to the Book in Tape B Securities if such ETP Holders and Market Makers directly execute providing ADV per month of 0.22% or more but less than 0.30% of the US CADV, and directly execute providing ADV that is an increase of no less than 0.06% of US CADV for that month over the ETP Holder's or Market Maker's providing ADV in May 2018.\5\ --------------------------------------------------------------------------- \5\ See Securities Exchange Act Release No. 83418 (June 12, 2018), 83 FR 28282 (June 18, 2018) (SR-NYSEArca-2018-41). --------------------------------------------------------------------------- The Exchange proposes a new pricing tier--Step Up Tier 3--for securities with a per share price of $1.00 or above. As proposed, ETP Holders and Market Makers would qualify for the new Step Up Tier 3 if they directly execute providing ADV per month of 0.15% or more but less than 0.20% of the US CADV and directly execute providing ADV that is an increase of no less than 0.075% of US CADV for that month over the ETP Holder's or Market Maker's providing ADV in May 2018. ETP Holders and Market Makers that qualify for Step Up Tier 3 would receive a credit of $0.0025 per share for orders that provide displayed liquidity to the Book in Tape A and Tape C Securities and $0.0022 per share for orders that provide displayed liquidity to the Book in Tape B Securities. For all other fees and credits, tiered or basic rates apply based on a firm's qualifying levels. The goal of the proposed Step Up Tier 3 pricing tier is to further incentivize ETP Holders and Market Makers to increase the orders sent directly to the Exchange and therefore provide liquidity that supports the quality of price discovery and promotes market transparency. The proposed pricing tier, which adopts a lower threshold than the Step Up Tier and Step Up Tier 2 is intended to allow ETP Holders and Market Makers to achieve rebates that weren't previously available. The Exchange believes that the proposed new pricing tier will provide an incentive for ETP Holders and Market Makers that do not meet current tier requirements to direct more of their order flow to the Exchange. 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with Section 6(b) of the Act,\6\ in general, and furthers the objectives of Sections 6(b)(4) and (5) of the Act,\7\ in particular, because it provides for the equitable allocation of reasonable dues, fees, and other charges among its members, issuers and other persons using its facilities and does not unfairly discriminate between customers, issuers, brokers or dealers. --------------------------------------------------------------------------- \6\ 15 U.S.C. 78f(b). \7\ 15 U.S.C. 78f(b)(4) and (5). --------------------------------------------------------------------------- The Exchange believes the Step Up Tier 3 pricing tier will serve as an incentivize [sic] to market participants to increase the orders sent directly to NYSE Arca and therefore provide [[Page 47217]] liquidity that supports the quality of price discovery and promotes market transparency. The Exchange believes the proposed pricing tier, which adopts a lower threshold, is reasonable and equitable because it would allow ETP Holders and Market Makers that directly execute providing ADV of at least 0.15% but less than 0.20% of US CADV and directly execute providing ADV that is an increase of no less than 0.075% of US CADV to receive credits that were not previously available. Firms that meet the requirement of the proposed pricing tier did not previously receive higher credits for adding displayed liquidity. Moreover, the addition of the Step Up Tier 3 would benefit market participants whose increased order flow provides meaningful added levels of liquidity thereby contributing to the depth and market quality on the Exchange. The Exchange believes that the proposed new Step Up Tier 3 is not unfairly discriminatory because it is open to all ETP Holders and Market Makers, on an equal basis, that add liquidity at or below the proposed Step Up Tier 3 requirement and who do not qualify for rebates currently provided pursuant to Tiers 1, 2 and 3 or pursuant to Step Up Tiers 1 and 2. The Exchange further believes that ETP Holders and Market Makers that provide liquidity below 0.20% of US CADV, which is a minimum requirement pursuant to Tier 3 to qualify for increased rebates, would now be eligible for the proposed rebates if they meet the requirements of the proposed Step Up Tier 3. The Exchange believes that the proposed fee change is equitable and not unfairly discriminatory because providing incentives for orders in exchange-listed securities that are executed on a registered national securities exchange (rather than relying on certain available off- exchange execution methods) would contribute to investors' confidence in the fairness of their transactions and would benefit all investors by deepening the Exchange's liquidity pool, supporting the quality of price discovery, promoting market transparency and improving investor protection. Finally, the Exchange believes that it is subject to significant competitive forces, as described below in the Exchange's statement regarding the burden on competition. For the foregoing reasons, the Exchange believes that the proposal is consistent with the Act. B. Self-Regulatory Organization's Statement on Burden on Competition In accordance with Section 6(b)(8) of the Act,\8\ the Exchange believes that the proposed rule change would not impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. Instead, the Exchange believes that the proposal to add a new pricing tier would encourage the submission of additional liquidity to a public exchange, thereby promoting price discovery and transparency and enhancing order execution opportunities for ETP Holders and Market Makers. The Exchange believes that this could promote competition between the Exchange and other execution venues, including those that currently offer similar order types and comparable transaction pricing, by encouraging additional orders to be sent to the Exchange for execution. --------------------------------------------------------------------------- \8\ 15 U.S.C. 78f(b)(8). --------------------------------------------------------------------------- Finally, the Exchange notes that it operates in a highly competitive market in which market participants can readily favor competing venues if they deem fee levels at a particular venue to be excessive or rebate opportunities available at other venues to be more favorable. In such an environment, the Exchange must continually adjust its fees and rebates to remain competitive with other exchanges and with alternative trading systems that have been exempted from compliance with the statutory standards applicable to exchanges. Because competitors are free to modify their own fees and credits in response, and because market participants may readily adjust their order routing practices, the Exchange believes that the degree to which fee changes in this market may impose any burden on competition is extremely limited. As a result of all of these considerations, the Exchange does not believe that the proposed changes will impair the ability of ETP Holders or competing order execution venues to maintain their competitive standing in the financial markets. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were solicited or received with respect to the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change is effective upon filing pursuant to Section 19(b)(3)(A) \9\ of the Act and subparagraph (f)(2) of Rule 19b- 4 \10\ thereunder, because it establishes a due, fee, or other charge imposed by the Exchange. --------------------------------------------------------------------------- \9\ 15 U.S.C. 78s(b)(3)(A). \10\ 17 CFR 240.19b-4(f)(2). --------------------------------------------------------------------------- At any time within 60 days of the filing of such 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 under Section 19(b)(2)(B) \11\ of the Act to determine whether the proposed rule change should be approved or disapproved. --------------------------------------------------------------------------- \11\ 15 U.S.C. 78s(b)(2)(B). --------------------------------------------------------------------------- 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-NYSEARCA-2018-66 on the subject line. Paper Comments Send paper comments in triplicate to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090. All submissions should refer to File Number SR-NYSEARCA-2018-66. 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 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 [[Page 47218]] 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 the Exchange. 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- NYSEARCA-2018-66 and should be submitted on or before October 9, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\12\ Eduardo A. Aleman, Assistant Secretary. --------------------------------------------------------------------------- \12\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- [FR Doc. 2018-20196 Filed 9-17-18; 8:45 am] BILLING CODE 8011-01-P
![47216 Federal Register / Vol. 83, No. 181 / Tuesday, September 18, 2018 / Notices
At times, changes in Commission II. Self-Regulatory Organization’s month over the ETP Holder’s or Market
priorities require alterations in the Statement of the Purpose of, and Maker’s providing ADV in May 2018.5
scheduling of meeting items. Statutory Basis for, the Proposed Rule The Exchange proposes a new pricing
Change tier—Step Up Tier 3—for securities with
CONTACT PERSON FOR MORE INFORMATION:
a per share price of $1.00 or above. As
For further information and to ascertain In its filing with the Commission, the proposed, ETP Holders and Market
what, if any, matters have been added, self-regulatory organization included Makers would qualify for the new Step
deleted or postponed; please contact statements concerning the purpose of, Up Tier 3 if they directly execute
Brent J. Fields from the Office of the and basis for, the proposed rule change providing ADV per month of 0.15% or
Secretary at (202) 551–5400. and discussed any comments it received more but less than 0.20% of the US
Dated: September 13, 2018. on the proposed rule change. The text CADV and directly execute providing
of those statements may be examined at ADV that is an increase of no less than
Brent J. Fields,
the places specified in Item IV below. 0.075% of US CADV for that month over
Secretary. The Exchange has prepared summaries, the ETP Holder’s or Market Maker’s
[FR Doc. 2018–20318 Filed 9–14–18; 11:15 am] set forth in sections A, B, and C below, providing ADV in May 2018. ETP
BILLING CODE 8011–01–P of the most significant parts of such Holders and Market Makers that qualify
statements. for Step Up Tier 3 would receive a
A. Self-Regulatory Organization’s credit of $0.0025 per share for orders
SECURITIES AND EXCHANGE that provide displayed liquidity to the
COMMISSION Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Book in Tape A and Tape C Securities
and $0.0022 per share for orders that
Change
[Release No. 34–84103; File No. SR– provide displayed liquidity to the Book
NYSEARCA–2018–66] 1. Purpose in Tape B Securities. For all other fees
and credits, tiered or basic rates apply
Self-Regulatory Organizations; NYSE The Exchange proposes to amend the based on a firm’s qualifying levels.
Arca, Inc.; Notice of Filing and Fee Schedule to introduce a new pricing The goal of the proposed Step Up Tier
Immediate Effectiveness of Proposed tier, Step Up Tier 3. The Exchange 3 pricing tier is to further incentivize
Rule Change To Amend the NYSE Arca proposes to implement the fee change ETP Holders and Market Makers to
Equities Fees and Charges To effective September 4, 2018. increase the orders sent directly to the
Introduce a New Pricing Tier, Step Up The Exchange currently has a Step Up Exchange and therefore provide
Tier 3 Tier pursuant to which qualifying ETP liquidity that supports the quality of
Holders and Market Makers receive a price discovery and promotes market
September 12, 2018. credit of $0.0030 per share for orders transparency. The proposed pricing tier,
Pursuant to Section 19(b)(1) 1 of the that provide displayed liquidity to the which adopts a lower threshold than the
Securities Exchange Act of 1934 (the Book in Tape A Securities, $0.0023 per Step Up Tier and Step Up Tier 2 is
‘‘Act’’) 2 and Rule 19b–4 thereunder,3 share for orders that provide displayed intended to allow ETP Holders and
notice is hereby given that, on liquidity to the Book in Tape B Market Makers to achieve rebates that
September 4, 2018, NYSE Arca, Inc. (the Securities, and $0.0031 per share for weren’t previously available. The
‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with orders that provide displayed liquidity Exchange believes that the proposed
the Securities and Exchange to the Book in Tape C Securities if such new pricing tier will provide an
Commission (the ‘‘Commission’’) the ETP Holders and Market Makers incentive for ETP Holders and Market
directly execute providing average daily Makers that do not meet current tier
proposed rule change as described in
volume (‘‘ADV’’) per month of 0.50% or requirements to direct more of their
Items I, II, and III below, which Items
more but less than 0.70% of the US order flow to the Exchange.
have been prepared by the self-
regulatory organization. The CADV, and directly execute providing 2. Statutory Basis
Commission is publishing this notice to ADV that is an increase of no less than
0.10% of US CADV for that month over The Exchange believes that the
solicit comments on the proposed rule proposed rule change is consistent with
the ETP Holder’s or Market Maker’s
change from interested persons. Section 6(b) of the Act,6 in general, and
providing ADV in Q1 2018.4
I. Self-Regulatory Organization’s furthers the objectives of Sections
The Exchange also has a Step Up Tier 6(b)(4) and (5) of the Act,7 in particular,
Statement of the Terms of Substance of 2 pricing tier pursuant to which ETP
the Proposed Rule Change because it provides for the equitable
Holders and Market Makers receive a allocation of reasonable dues, fees, and
credit of $0.0028 per share for orders other charges among its members,
The Exchange proposes to amend the
that provide displayed liquidity to the issuers and other persons using its
NYSE Arca Equities Fees and Charges
Book in Tape A and Tape C Securities, facilities and does not unfairly
(‘‘Fee Schedule’’) to introduce a new and $0.0022 per share for orders that
pricing tier, Step Up Tier 3. The discriminate between customers,
provide displayed liquidity to the Book issuers, brokers or dealers.
Exchange proposes to implement the fee in Tape B Securities if such ETP
change effective September 4, 2018. The The Exchange believes the Step Up
Holders and Market Makers directly Tier 3 pricing tier will serve as an
proposed rule change is available on the execute providing ADV per month of
Exchange’s website at www.nyse.com, at incentivize [sic] to market participants
0.22% or more but less than 0.30% of
daltland on DSKBBV9HB2PROD with NOTICES
the principal office of the Exchange, and to increase the orders sent directly to
the US CADV, and directly execute NYSE Arca and therefore provide
at the Commission’s Public Reference providing ADV that is an increase of no
Room. less than 0.06% of US CADV for that 5 See Securities Exchange Act Release No. 83418
(June 12, 2018), 83 FR 28282 (June 18, 2018) (SR–
1 15 U.S.C. 78s(b)(1). 4 See Securities Exchange Act Release No. 83032 NYSEArca–2018–41).
2 15 U.S.C. 78a. 6 15 U.S.C. 78f(b).
(April 11, 2018), 83 FR 16909 (April 17, 2018) (SR–
3 17 CFR 240.19b–4. NYSEArca–2018–20). 7 15 U.S.C. 78f(b)(4) and (5).
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![47218 Federal Register / Vol. 83, No. 181 / Tuesday, September 18, 2018 / Notices
available for website viewing and CFR 274.10) is the form for notification burden to associated with preparing and
printing in the Commission’s Public of registration that the Commission has filing notifications of registration on
Reference Room, 100 F Street NE, adopted under section 8(a). The purpose Form N–8A is about $43,104.
Washington, DC 20549 on official of such notification of registration Estimates of average burden hours
business days between the hours of provided on Form N–8A is to notify the and costs are made solely for the
10:00 a.m. and 3:00 p.m. Copies of the Commission of the existence of purposes of the Paperwork Reduction
filing also will be available for investment companies required to be Act, and are not derived from a
inspection and copying at the principal registered under the Investment comprehensive or even representative
office of the Exchange. All comments Company Act and to enable the survey or study of the costs of
received will be posted without change. Commission to administer the Commission rules and forms.
Persons submitting comments are provisions of the Investment Company Compliance with the collection of
cautioned that we do not redact or edit Act with respect to those companies. information requirements of Form N–8A
personal identifying information from After an investment company has filed is mandatory. Responses to the
comment submissions. You should its notification of registration under collection of information will not be
submit only information that you wish section 8(a), the company is then subject kept confidential. An agency may not
to make available publicly. All to the provisions of the Investment conduct or sponsor, and a person is not
submissions should refer to File Company Act which govern certain required to respond to, a collection of
Number SR–NYSEARCA–2018–66 and aspects of its organization and activities, information unless it displays a
should be submitted on or before such as the composition of its board of currently valid OMB control number.
October 9, 2018. directors and the issuance of senior Written comments are invited on: (a)
For the Commission, by the Division of securities. Form N–8A requires an Whether the collection of information is
Trading and Markets, pursuant to delegated investment company to provide its necessary for the proper performance of
authority.12 name, state of organization, form of the functions of the Commission,
Eduardo A. Aleman, organization, classification, the name including whether the information has
Assistant Secretary. and address of each investment adviser practical utility; (b) the accuracy of the
[FR Doc. 2018–20196 Filed 9–17–18; 8:45 am] of the investment company, the current Commission’s estimate of the burden of
BILLING CODE 8011–01–P value of its total assets, and certain the collection of information; (c) ways to
other information readily available to enhance the quality, utility, and clarity
the investment company. If the of the information collected; and (d)
SECURITIES AND EXCHANGE investment company is filing a ways to minimize the burden of the
COMMISSION registration statement as required by collection of information on
Section 8(b) of the Investment Company respondents, including through the use
Proposed Collection; Comment Act concurrently with its notification of of automated collection techniques or
Request registration, Form N–8A requires only other forms of information technology.
Upon Written Request, Copies Available that the registrant file the cover page Consideration will be given to
From: Securities and Exchange (giving its name, address, and agent for comments and suggestions submitted in
Commission, Office of FOIA Services, service of process) and sign the form in writing within 60 days of this
100 F Street NE, Washington, DC order to effect registration. publication.
20549–2736. Based on recent filings of notifications Please direct your written comments
of registration on Form N–8A, we to Pamela Dyson, Director/Chief
Extension: Information Officer, Securities and
Form N–8A, SEC File No. 270–135, OMB estimate that about 96 investment
Control No. 3235–0175. companies file such notifications each Exchange Commission, C/O Candace
year. An investment company must only Kenner, 100 F Street NE, Washington,
Notice is hereby given that, pursuant DC 20549; or send an email to: PRA_
to the Paperwork Reduction Act of 1995 file a notification of registration on
Form N–8A once. The currently Mailbox@sec.gov.
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission (the approved average hour burden per Dated: September 12, 2018.
‘‘Commission’’) is soliciting comments investment company of preparing and Eduardo A. Aleman,
on the collection of information filing a notification of registration on Assistant Secretary.
summarized below. The Commission Form N–8A is one hour. Based on the [FR Doc. 2018–20279 Filed 9–17–18; 8:45 am]
plans to submit this existing collection Commission staff’s experience with the BILLING CODE 8011–01–P
of information to the Office of requirements of Form N–8A and with
Management and Budget (‘‘OMB’’) for disclosure documents generally—and
extension and approval. considering that investment companies SECURITIES AND EXCHANGE
The Investment Company Act of 1940 that are filing notifications of COMMISSION
(‘‘Investment Company Act’’) (15 U.S.C. registration on Form N–8A
80a–1 et seq.) requires investment simultaneously with the registration Submission for OMB Review;
companies to register with the statement under the Investment Comment Request
Commission before they conduct any Company Act are only required by Form
Upon Written Request, Copies Available
business in interstate commerce. N–8A to file a signed cover page—we
From: Securities and Exchange
Section 8(a) of the Investment Company continue to believe that this estimate is
Commission, Office of FOIA Services,
Act provides that an investment appropriate. Therefore, we estimate that
daltland on DSKBBV9HB2PROD with NOTICES
100 F Street NE., Washington, DC
company shall be deemed to be the total annual hour burden to prepare
20549–2736
registered upon receipt by the and file notifications of registration on
Commission of a notification of Form N–8A is 96 hours. The currently Extension:
registration in such form as the approved cost burden of Form N–8A is Regulation SCI, Form SCI, SEC File No.
$449. We continue to believe that this 270–653, OMB Control No. 3235–0703
Commission prescribes. Form N–8A (17
estimate is appropriate. Therefore, we Notice is hereby given that pursuant
12 17 CFR 200.30–3(a)(12). estimate that the total annual cost to the Paperwork Reduction Act of 1995
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Document Created: 2018-09-18 01:18:51
Document Modified: 2018-09-18 01:18:51
| Category | Regulatory Information | |
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| FR Citation | 83 FR 47216 |
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