83 FR 47229 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 181 (September 18, 2018)

Page Range		47229-47230
FR Document		2018-20280

Federal Register, Volume 83 Issue 181 (Tuesday, September 18, 2018)

[Federal Register Volume 83, Number 181 (Tuesday, September 18, 2018)]
[Notices]
[Pages 47229-47230]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-20280]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; 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:
    Regulation 14A (Commission Rules 14a-1 through 14a-21 and 
Schedule 14A), SEC File No. 270-056, OMB Control No. 3235-0059

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
    Section 14(a) of the Securities Exchange Act of 1934 (the 
``Exchange Act'') operates to make it unlawful for a company with a 
class of securities registered pursuant to Section 12 of the Exchange 
Act to solicit proxies in contravention of such rules and regulations 
as the Commission has prescribed as necessary or appropriate in the 
public interest or for the protection of investors. The Commission

[[Page 47230]]

has promulgated Regulation 14A to regulate the solicitation of proxies 
or consents. Regulation 14A (Exchange Act Rules 14a-1 through 14a-21 
and Schedule 14A) (17 CFR 240.14a-1 through 240.14a-21 and 240.14a-101) 
sets forth the requirements for the dissemination, content and filing 
of proxy or consent solicitation materials in connection with annual or 
other meetings of holders of a Section 12-registered class of 
securities. We estimate that Schedule 14A takes approximately 130.4052 
hours per response and will be filed by approximately 5,586 issuers 
annually. In addition, we estimate that 75% of the 130.4052 hours per 
response (97.8035 hours) is prepared by the issuer for an annual 
reporting burden of 546,333 hours (97.89 hours per response x 5,586 
responses).
    Written comments are invited on: (a) Whether this collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information will have practical 
utility; (b) the accuracy of the agency's estimate of the burden 
imposed by the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information collected; and (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    Please direct your written comments to Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Candace 
Kenner, 100 F Street NE, Washington, DC 20549 or send an email to: 
PRA_Mailbox@sec.gov.

    Dated: September 12, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-20280 Filed 9-17-18; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 181 / Tuesday, September 18, 2018 / Notices 47229

easily navigate and understand the Commission may designate, if available for website viewing and
Exchange’s rulebook, thereby avoiding consistent with the protection of printing in the Commission’s Public
potential confusion. investors and the public interest, the Reference Room, 100 F Street NE,
proposed rule change has become Washington, DC 20549, on official
B. Self-Regulatory Organization’s
effective pursuant to Section 19(b)(3)(A) business days between the hours of
Statement on Burden on Competition
of the Act and Rule 19b–4(f)(6)(iii) 10:00 a.m. and 3:00 p.m. Copies of the
The Exchange does not believe that thereunder. filing also will be available for
the proposed rule changes will impose At any time within 60 days of the inspection and copying at the principal
any burden on competition that is not filing of such proposed rule change, the office of the Exchange. All comments
necessary or appropriate in furtherance Commission summarily may received will be posted without change.
of the purposes of the Act. The temporarily suspend such rule change if Persons submitting comments are
proposed changes are not designed to it appears to the Commission that such cautioned that we do not redact or edit
address any competitive issue or attract action is necessary or appropriate in the personal identifying information from
additional order flow to the Exchange. public interest, for the protection of comment submissions. You should
Rather, these changes would update, investors, or otherwise in furtherance of submit only information that you wish
remove, and clarify outdated cross- the purposes of the Act. If the to make available publicly. All
references and definitions, and Commission takes such action, the submissions should refer to File
redundant language, and also conform Commission shall institute proceedings Number SR–NYSEARCA–2018–65 and
the Exchange’s rules and definitions to under Section 19(b)(2)(B) 32 of the Act to should be submitted on or before
the rules of an affiliated exchange, determine whether the proposed rule October 9, 2018.
thereby reducing potential confusion change should be approved or For the Commission, by the Division of
and making the Exchange’s rules easier disapproved. Trading and Markets, pursuant to delegated
to understand and navigate. The authority.33
Exchange notes that it and its affiliate, IV. Solicitation of Comments
Eduardo A. Aleman,
NYSE American, operate in a similar Interested persons are invited to Assistant Secretary.
manner and consistent rules across the submit written data, views, and
[FR Doc. 2018–20193 Filed 9–17–18; 8:45 am]
Exchange and NYSE American would arguments concerning the foregoing,
BILLING CODE 8011–01–P
reduce the likelihood of potential including whether the proposed rule
investor confusion. Therefore, the change is consistent with the Act.
proposed rule change is not intended to Comments may be submitted by any of SECURITIES AND EXCHANGE
impose a burden on competition but the following methods: COMMISSION
rather provide for standardized rules
and a consistent set of obligations for Electronic Comments
Proposed Collection; Comment
common members as well as those • Use the Commission’s internet Request
members that are engaged in market comment form (http://www.sec.gov/
making activities on both the Exchange rules/sro.shtml); or Upon Written Request Copies Available
and NYSE American. • Send an email to rule-comments@ From: Securities and Exchange
sec.gov. Please include File Number SR– Commission, Office of FOIA Services,
C. Self-Regulatory Organization’s NYSEARCA–2018–65 on the subject 100 F Street NE, Washington, DC
Statement on Comments on the line. 20549–2736
Proposed Rule Change Received From
Members, Participants, or Others Paper Comments Extension:
Regulation 14A (Commission Rules 14a–1
No written comments were solicited • Send paper comments in triplicate through 14a–21 and Schedule 14A), SEC
or received with respect to the proposed to Secretary, Securities and Exchange File No. 270–056, OMB Control No.
rule change. Commission, 100 F Street NE, 3235–0059
Washington, DC 20549–1090. Notice is hereby given that, pursuant
III. Date of Effectiveness of the
Proposed Rule Change and Timing for All submissions should refer to File to the Paperwork Reduction Act of 1995
Commission Action Number SR–NYSEARCA–2018–65. This (44 U.S.C. 3501 et seq.), the Securities
file number should be included on the and Exchange Commission
The Exchange has filed the proposed subject line if email is used. To help the (‘‘Commission’’) is soliciting comments
rule change pursuant to Section Commission process and review your on the collection of information
19(b)(3)(A)(iii) of the Act 30 and Rule comments more efficiently, please use summarized below. The Commission
19b–4(f)(6) thereunder.31 Because the only one method. The Commission will plans to submit this existing collection
proposed rule change does not: (i) post all comments on the Commission’s of information to the Office of
Significantly affect the protection of internet website (http://www.sec.gov/ Management and Budget for extension
investors or the public interest; (ii) rules/sro.shtml). Copies of the and approval.
impose any significant burden on submission, all subsequent Section 14(a) of the Securities
competition; and (iii) become operative amendments, all written statements Exchange Act of 1934 (the ‘‘Exchange
prior to 30 days from the date on which with respect to the proposed rule Act’’) operates to make it unlawful for
it was filed, or such shorter time as the change that are filed with the a company with a class of securities
Commission, and all written registered pursuant to Section 12 of the
30 15 U.S.C. 78s(b)(3)(A)(iii).
communications relating to the Exchange Act to solicit proxies in
daltland on DSKBBV9HB2PROD with NOTICES

31 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6)(iii) requires the Exchange to give the proposed rule change between the contravention of such rules and
Commission written notice of the Exchange’s intent Commission and any person, other than regulations as the Commission has
to file the proposed rule change, along with a brief those that may be withheld from the prescribed as necessary or appropriate
description and text of the proposed rule change, public in accordance with the in the public interest or for the
at least five business days prior to the date of filing
of the proposed rule change, or such shorter time provisions of 5 U.S.C. 552, will be protection of investors. The Commission
as designated by the Commission. The Exchange
has satisfied this requirement. 32 15 U.S.C. 78s(b)(2)(B). 33 17 CFR 200.30–3(a)(12).

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47230 Federal Register / Vol. 83, No. 181 / Tuesday, September 18, 2018 / Notices

has promulgated Regulation 14A to SECURITIES AND EXCHANGE of the most significant parts of such
regulate the solicitation of proxies or COMMISSION statements.
consents. Regulation 14A (Exchange Act A. Self-Regulatory Organization’s
[Release No. 34–84100; File No. SR–NYSE–
Rules 14a–1 through 14a–21 and 2018–39] Statement of the Purpose of, and the
Schedule 14A) (17 CFR 240.14a–1 Statutory Basis for, the Proposed Rule
through 240.14a–21 and 240.14a–101) Self-Regulatory Organizations; New Change
sets forth the requirements for the York Stock Exchange LLC; Notice of
dissemination, content and filing of Filing and Immediate Effectiveness of 1. Purpose
proxy or consent solicitation materials a Proposed Rule Change To Amend Its The Exchange proposes to amend its
in connection with annual or other Price List To Amend the Threshold Price List to amend the threshold levels
meetings of holders of a Section 12- Levels and Rebate Amounts Payable and rebate amounts payable under the
registered class of securities. We Under the Liquidity Provider Incentive Liquidity Provider Incentive Program,
estimate that Schedule 14A takes Program, and To Amend the Rebate and amend the rebate amount payable
approximately 130.4052 hours per Amount Payable Under the Agency under the Agency Order Incentive
response and will be filed by Order Incentive Program Program. The Exchange proposes to
approximately 5,586 issuers annually. implement the fee changes effective
September 12, 2018. September 1, 2018.
In addition, we estimate that 75% of the Pursuant to Section 19(b)(1) 1 of the
130.4052 hours per response (97.8035 Securities Exchange Act of 1934 (the Liquidity Provider Incentive Program
hours) is prepared by the issuer for an ‘‘Act’’) 2 and Rule 19b–4 thereunder,3 Pursuant to the Liquidity Provider
annual reporting burden of 546,333 notice is hereby given that, on August Incentive Program,4 a User 5 can qualify
hours (97.89 hours per response × 5,586 31, 2018, New York Stock Exchange for a daily rebate based on the number
responses). LLC (‘‘NYSE’’ or the ‘‘Exchange’’) filed of qualifying CUSIPs 6 on the NYSE
Written comments are invited on: (a) with the Securities and Exchange Bonds Book for which a Unique User 7
Whether this collection of information Commission (the ‘‘Commission’’) the meets prescribed quoting requirements.
is necessary for the proper performance proposed rule change as described in The Exchange proposes to amend the
Items I, II, and III below, which Items threshold levels and rebate amounts
of the functions of the agency, including
have been prepared by the self- payable under the Liquidity Provider
whether the information will have
regulatory organization. The Incentive Program to encourage
practical utility; (b) the accuracy of the
Commission is publishing this notice to participants to meet the quoting
agency’s estimate of the burden imposed solicit comments on the proposed rule requirements in a greater number of
by the collection of information; (c) change from interested persons. CUSIPs.
ways to enhance the quality, utility, and Currently, the daily rebate amount is
clarity of the information collected; and I. Self-Regulatory Organization’s tiered based on the number of qualifying
(d) ways to minimize the burden of the Statement of the Terms of Substance of CUSIPs that meet quoting requirements,
collection of information on the Proposed Rule Change as follows:
respondents, including through the use The Exchange proposes to amend its
of automated collection techniques or Price List to amend the threshold levels Number of qualifying CUSIPs Daily rebate
other forms of information technology. and rebate amounts payable under the
Liquidity Provider Incentive Program, 400–599 ................................ $500
Consideration will be given to
comments and suggestions submitted in and amend the rebate amount payable
4 See Securities Exchange Act Release Nos. 77591
writing within 60 days of this under the Agency Order Incentive (April 12, 2016), 81 FR 22656(April 18, 2016) (SR–
publication. Program. The Exchange proposes to NYSE–2016–26); 77812 (May 11, 2016), 81 FR
implement the fee changes effective 30594 (May 17, 2016) (SR–NYSE–2016–34); 79210
An agency may not conduct or September 1, 2018. The proposed rule (November 1, 2016), 81 FR 78213 (November 7,
sponsor, and a person is not required to change is available on the Exchange’s 2016) (SR–NYSE–2016–68); and 80934 (June 15,
respond to, a collection of information 2017), 82 FR 28173 (June 20, 2017) (SR–NYSE–
website at www.nyse.com, at the 2017–27).
unless it displays a currently valid principal office of the Exchange, and at 5 A User is any Member or Member Organization,

control number. the Commission’s Public Reference Sponsored Participant, or Authorized Trader that is
authorized to access NYSE Bonds. See Rule
Please direct your written comments Room. 86(b)(2)(M). For purposes of the Liquidity Provider
to Pamela Dyson, Director/Chief II. Self-Regulatory Organization’s Incentive Program, a User is a Member or Member
Information Officer, Securities and Organization that is authorized to access NYSE
Statement of the Purpose of, and Bonds.
Exchange Commission, c/o Candace Statutory Basis for, the Proposed Rule 6 CUSIP stands for Committee on Uniform
Kenner, 100 F Street NE, Washington, Change Securities Identification Procedures. A CUSIP
DC 20549 or send an email to: PRA_ number identifies most financial instruments,
In its filing with the Commission, the including: stocks of all registered U.S. and
Mailbox@sec.gov.
self-regulatory organization included Canadian companies, commercial paper, and U.S.
Dated: September 12, 2018. government and municipal bonds. The CUSIP
statements concerning the purpose of, system—owned by the American Bankers
Eduardo A. Aleman, and basis for, the proposed rule change Association and managed by Standard & Poor’s—
Assistant Secretary. and discussed any comments it received facilitates the clearance and settlement process of
on the proposed rule change. The text securities. See http://www.sec.gov/answers/
[FR Doc. 2018–20280 Filed 9–17–18; 8:45 am] cusip.htm.
of those statements may be examined at
daltland on DSKBBV9HB2PROD with NOTICES

7 For purposes of the Liquidity Provider Incentive
BILLING CODE 8011–01–P
the places specified in Item IV below. Program, the term ‘Unique User’ means a User, a
The Exchange has prepared summaries, trading desk of a User, or a customer of a User, on
set forth in sections A, B, and C below, whose behalf a Member or Member Organization
enters quotes or orders under a Unique User ID that
such User requests from and is provided by the
1 15 U.S.C.78s(b)(1). Exchange. See Securities Exchange Act Release No.
2 15 U.S.C. 78a. 80934 (June 15, 2017), 82 FR 28173 (June 20, 2017)
3 17 CFR 240.19b–4. (SR–NYSE–2017–27).

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Document Created: 2018-09-18 01:18:14
Document Modified: 2018-09-18 01:18:14

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 47229