83_FR_50931 83 FR 50736 - Proposed Collection; Comment Request

83 FR 50736 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 195 (October 9, 2018)

Page Range50736-50737
FR Document2018-21834

Federal Register, Volume 83 Issue 195 (Tuesday, October 9, 2018) 
[Federal Register Volume 83, Number 195 (Tuesday, October 9, 2018)]
[Notices]
[Pages 50736-50737]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-21834]


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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:
    Rule 17f-2(a), SEC File No. 270-034, OMB Control No. 3235-0034

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the existing 
collection of information provided for in Rule 17f-2(a) (17 CFR 
240.17f-2(a)), under the Securities Exchange Act of 1934 (15 U.S.C. 78a 
et seq.). The Commission plans to submit the existing collection of 
information to the Office of Management and Budget (``OMB'') for 
extension and approval. Rule 17f-2(a) (Fingerprinting Requirements for 
Securities Professionals) requires that securities professionals be 
fingerprinted. This requirement serves to identify security-risk 
personnel, to allow an employer to make fully informed employment

[[Page 50737]]

decisions, and to deter possible wrongdoers from seeking employment in 
the securities industry. Partners, directors, officers, and employees 
of exchanges, brokers, dealers, transfer agents, and clearing agencies 
are included.
    The Commission staff estimates that approximately 4,480 respondents 
will submit an aggregate total 289,780 new fingerprint cards each year 
or approximately 65 fingerprint cards per year per registrant. The 
staff estimates that the average number of hours necessary to complete 
a fingerprint card is one-half hour. Thus, the total estimated annual 
burden is 144,890 hours for all respondents (289,780 times one-half 
hour). The average internal labor cost of compliance per hour is 
approximately $283. Therefore, the total estimated annual internal 
labor cost of compliance for all respondents is $41,003,870 (144,890 
times $283).
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be 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.
    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid OMB control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to the PRA that does not display a 
valid OMB control number. Please direct your written comments to: 
Charles Riddle, Acting Director/Chief Information Officer, Securities 
and Exchange Commission, c/o Candace Kenner, 100 F Street NE, 
Washington, DC 20549; or send an email to: [email protected].

    Dated: October 3, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-21834 Filed 10-5-18; 8:45 am]
 BILLING CODE 8011-01-P

50736 Federal Register / Vol. 83, No. 195 / Tuesday, October 9, 2018 / Notices B. Self-Regulatory Organization’s effective date of FINRA’s proposed rule those that may be withheld from the Statement on Burden on Competition change on which the proposal is public in accordance with the The Exchange does not believe that based.58 The waiver of the operative provisions of 5 U.S.C. 552, will be the proposed rule change will impose delay would make the Exchange’s available for website viewing and any burden on competition that is not qualification requirements consistent printing in the Commission’s Public necessary or appropriate in furtherance with those of FINRA, as of October 1, Reference Room, 100 F Street NE, of the purposes of the Act. The 2018. Therefore, the Commission Washington, DC 20549, on official proposed amendments are intended to believes that the waiver of the 30-day business days between the hours of promote transparency in the Exchange’s operative delay is consistent with the 10:00 a.m. and 3:00 p.m. Copies of the rules, and consistency with the rules of protection of investors and the public filing also will be available for other SROs with respect to the interest and hereby waives the 30-day inspection and copying at the principal examination, qualification, and operative delay and designates the office of the Exchange. All comments continuing education requirements proposal operative on October 1, 2018.59 received will be posted without change. applicable to member organizations and At any time within 60 days of the Persons submitting comments are their registered personnel. The filing of the proposed rule change, the cautioned that we do not redact or edit Exchange believes that in that regard Commission summarily may personal identifying information from that any burden on competition would temporarily suspend such rule change if comment submissions. You should be clearly outweighed by the important it appears to the Commission that such submit only information that you wish regulatory goal of ensuring clear and action is necessary or appropriate in the to make available publicly. All consistent requirements applicable public interest, for the protection of submissions should refer to File across SROs, avoiding duplication, and investors, or otherwise in furtherance of Number SR–NYSE–2018–44 and should mitigating any risk of SROs the purposes of the Act. be submitted on or before October 30, implementing different standards in IV. Solicitation of Comments 2018. these important areas. Interested persons are invited to For the Commission, by the Division of Further, the Exchange does not Trading and Markets, pursuant to delegated submit written data, views, and believe that the proposed amendments authority.60 arguments concerning the foregoing, will affect competition among securities Eduardo A. Aleman, including whether the proposed rule markets since all SROs are expected to Assistant Secretary. change is consistent with the Act. adopt similar rules with uniform Comments may be submitted by any of [FR Doc. 2018–21781 Filed 10–5–18; 8:45 am] standards for qualification, registration the following methods: BILLING CODE 8011–01–P and continuing education requirements. Electronic Comments C. Self-Regulatory Organization’s Statement on Comments on the • Use the Commission’s internet SECURITIES AND EXCHANGE Proposed Rule Change Received From comment form (http://www.sec.gov/ COMMISSION Members, Participants, or Others rules/sro.shtml); or • Send an email to rule-comments@ Proposed Collection; Comment No written comments were solicited Request sec.gov. Please include File Number SR– or received with respect to the proposed NYSE–2018–44 on the subject line. rule change. Upon Written Request, Copies Available Paper Comments From: Securities and Exchange III. Date of Effectiveness of the Proposed Rule Change and Timing for • Send paper comments in triplicate Commission, Office of FOIA Services, Commission Action to Secretary, Securities and Exchange 100 F Street NE, Washington, DC Commission, 100 F Street NE, 20549–2736 Because the foregoing proposed rule Washington, DC 20549–1090. Extension: change does not: (i) Significantly affect All submissions should refer to File Rule 17f–2(a), SEC File No. 270–034, OMB the protection of investors or the public Control No. 3235–0034 interest; (ii) impose any significant Number SR–NYSE–2018–44. This file burden on competition; and (iii) become number should be included on the Notice is hereby given that pursuant operative for 30 days from the date on subject line if email is used. To help the to the Paperwork Reduction Act of 1995 which it was filed, or such shorter time Commission process and review your (44 U.S.C. 3501 et seq.) (‘‘PRA’’), the as the Commission may designate, it has comments more efficiently, please use Securities and Exchange Commission become effective pursuant to Section only one method. The Commission will (‘‘Commission’’) is soliciting comments 19(b)(3)(A) of the Act 56 and Rule 19b– post all comments on the Commission’s on the existing collection of information 4(f)(6) thereunder. internet website (http://www.sec.gov/ provided for in Rule 17f–2(a) (17 CFR A proposed rule change filed under rules/sro.shtml). Copies of the 240.17f–2(a)), under the Securities Rule 19b–4(f)(6) normally does not submission, all subsequent Exchange Act of 1934 (15 U.S.C. 78a et become operative for 30 days from the amendments, all written statements seq.). The Commission plans to submit date of filing. However, Rule 19b– with respect to the proposed rule the existing collection of information to 4(f)(6)(iii) 57 permits the Commission to change that are filed with the the Office of Management and Budget designate a shorter time if such action Commission, and all written (‘‘OMB’’) for extension and approval. is consistent with the protection of communications relating to the Rule 17f–2(a) (Fingerprinting investors and the public interest. The proposed rule change between the Requirements for Securities amozie on DSK3GDR082PROD with NOTICES1 Exchange has asked the Commission to Commission and any person, other than Professionals) requires that securities waive the 30-day operative delay so that professionals be fingerprinted. This the proposal may become operative on 58 See supra note 5. requirement serves to identify security- 59 For purposes only of waiving the 30-day October 1, 2018 to coincide with the risk personnel, to allow an employer to operative delay, the Commission has also considered the proposed rule’s impact on make fully informed employment 56 15 U.S.C. 78s(b)(3)(A). efficiency, competition, and capital formation. See 57 17 CFR 240.19b–4(f)(6)(iii). 15 U.S.C. 78c(f). 60 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 19:13 Oct 05, 2018 Jkt 247001 PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 E:\FR\FM\09OCN1.SGM 09OCN1

Federal Register / Vol. 83, No. 195 / Tuesday, October 9, 2018 / Notices 50737 decisions, and to deter possible SECURITIES AND EXCHANGE personally or by mail. Hearing requests wrongdoers from seeking employment COMMISSION should be received by the Commission in the securities industry. Partners, by 5:30 p.m. on October 29, 2018, and [Investment Company Act Release No. directors, officers, and employees of should be accompanied by proof of 33263; 812–14923] exchanges, brokers, dealers, transfer service on applicants, in the form of an agents, and clearing agencies are Vident Advisory, LLC et al. affidavit, or for lawyers, a certificate of included. service. Pursuant to rule 0–5 under the October 3, 2018. Act, hearing requests should state the The Commission staff estimates that AGENCY: Securities and Exchange nature of the writer’s interest, any facts approximately 4,480 respondents will Commission (‘‘Commission’’). bearing upon the desirability of a submit an aggregate total 289,780 new ACTION: Notice. hearing on the matter, the reason for the fingerprint cards each year or request, and the issues contested. approximately 65 fingerprint cards per Notice of an application for an order Persons who wish to be notified of a year per registrant. The staff estimates under section 6(c) of the Investment hearing may request notification by that the average number of hours Company Act of 1940 (the ‘‘Act’’) for an writing to the Commission’s Secretary. necessary to complete a fingerprint card exemption from sections 2(a)(32), ADDRESSES: Secretary, Securities and is one-half hour. Thus, the total 5(a)(1), 22(d), and 22(e) of the Act and Exchange Commission, 100 F Street NE, estimated annual burden is 144,890 rule 22c–1 under the Act, under Washington, DC 20549–1090; hours for all respondents (289,780 times sections 6(c) and 17(b) of the Act for an Applicants: Vident Advisory, LLC, 300 one-half hour). The average internal exemption from sections 17(a)(1) and Colonial Center Parkway, Suite 330, labor cost of compliance per hour is 17(a)(2) of the Act, and under section Roswell, GA 30076 and ETF Series approximately $283. Therefore, the total 12(d)(1)(J) for an exemption from Solutions, 615 E. Michigan Street, estimated annual internal labor cost of sections 12(d)(1)(A) and 12(d)(1)(B) of Milwaukee, WI 53202. compliance for all respondents is the Act. The requested order would FOR FURTHER INFORMATION CONTACT: permit (a) index-based series of certain Rachel Loko, Senior Counsel, at (202) $41,003,870 (144,890 times $283). open-end management investment 551–6883, or Aaron Gilbride, Branch Written comments are invited on: (a) companies (‘‘Funds’’) to issue shares Chief, at (202) 551–6906 (Division of Whether the proposed collection of redeemable in large aggregations Investment Management, Chief information is necessary for the proper (‘‘Creation Units’’); (b) secondary market Counsel’s Office). performance of the functions of the transactions in Fund shares to occur at SUPPLEMENTARY INFORMATION: The Commission, including whether the negotiated market prices rather than at following is a summary of the information shall have practical utility; net asset value (‘‘NAV’’); (c) certain application. The complete application (b) the accuracy of the Commission’s Funds to pay redemption proceeds, may be obtained via the Commission’s estimates of the burden of the proposed under certain circumstances, more than website by searching for the file collection of information; (c) ways to seven days after the tender of shares for number, or for an applicant using the enhance the quality, utility, and clarity redemption; (d) certain affiliated Company name box, at http:// of the information to be collected; and persons of a Fund to deposit securities www.sec.gov/search/search.htm or by (d) ways to minimize the burden of the into, and receive securities from, the calling (202) 551–8090. collection of information on Fund in connection with the purchase and redemption of Creation Units; (e) Summary of the Application respondents, including through the use of automated collection techniques or certain registered management 1. Applicants request an order that other forms of information technology. investment companies and unit would allow Funds to operate as index investment trusts outside of the same exchange traded funds (‘‘ETFs’’).1 Fund Consideration will be given to group of investment companies as the shares will be purchased and redeemed comments and suggestions submitted in Funds (‘‘Funds of Funds’’) to acquire at their NAV in Creation Units. All writing within 60 days of this shares of the Funds; and (f) certain orders to purchase Creation Units and publication. Funds to issue Shares in less than all redemption requests will be placed The Commission may not conduct or Creation Unit size to investors by or through an ‘‘Authorized sponsor a collection of information participating in a distribution Participant,’’ which will have signed a unless it displays a currently valid OMB reinvestment program. participant agreement with the control number. No person shall be APPLICANTS: ETF Series Solutions (the Distributor. Shares will be listed and subject to any penalty for failing to ‘‘Trust’’), a Delaware statutory trust traded individually on a national comply with a collection of information registered under the Act as an open-end securities exchange, where share prices subject to the PRA that does not display management investment company with 1 Applicants request that the order apply to any a valid OMB control number. Please multiple series and Vident Advisory, series of the Trust and any other open-end direct your written comments to: LLC (the ‘‘Initial Adviser’’), a Delaware management investment company or series thereof Charles Riddle, Acting Director/Chief limited liability company registered as (‘‘Funds’’), each of which will operate as an ETF, Information Officer, Securities and an investment adviser under the and will track a specified index comprised of Investment Advisers Act of 1940. domestic and/or foreign equity securities and/or Exchange Commission, c/o Candace domestic and/or foreign fixed income securities Kenner, 100 F Street NE, Washington, FILING DATES: The application was filed (each, an ‘‘Underlying Index’’). Any Fund will (a) DC 20549; or send an email to: PRA_ on June 22, 2018. be advised by the Initial Adviser or an entity amozie on DSK3GDR082PROD with NOTICES1 controlling, controlled by, or under common Mailbox@sec.gov. HEARING OR NOTIFICATION OF HEARING: An control with the Initial Adviser (each such entity Dated: October 3, 2018. order granting the requested relief will and any successor thereto, an ‘‘Adviser’’) and (b) be issued unless the Commission orders comply with the terms and conditions of the Eduardo A. Aleman, application. For purposes of the requested order, a a hearing. Interested persons may Assistant Secretary. ‘‘successor’’ is limited to an entity or entities that request a hearing by writing to the result from a reorganization into another [FR Doc. 2018–21834 Filed 10–5–18; 8:45 am] Commission’s Secretary and serving jurisdiction or a change in the type of business BILLING CODE 8011–01–P applicants with a copy of the request, organization. VerDate Sep<11>2014 19:13 Oct 05, 2018 Jkt 247001 PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 E:\FR\FM\09OCN1.SGM 09OCN1


Document Created: 2018-10-06 00:58:40
Document Modified: 2018-10-06 00:58:40
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation83 FR 50736 
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