83 FR 52005 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 199 (October 15, 2018)

Page Range		52005-52006
FR Document		2018-22289

Federal Register, Volume 83 Issue 199 (Monday, October 15, 2018)

[Federal Register Volume 83, Number 199 (Monday, October 15, 2018)]
[Notices]
[Pages 52005-52006]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-22289]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-071, OMB Control No. 3235-0058]


Submission for OMB Review; Comment Request

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

Extension:
    Form 12b-25

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities

[[Page 52006]]

and Exchange Commission (``Commission'') has submitted to the Office of 
Management and Budget this request for extension of the previously 
approved collection of information discussed below.
    The purpose of Form 12b-25 (17 CFR 240.12b-25) is to provide notice 
to the Commission and the marketplace that a registrant will be unable 
to timely file a required periodic or transition report pursuant to the 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) or the 
Investment Company Act of 1940 (15 U.S.C. 80a et seq.). If all the 
filing conditions of the form are satisfied, the registrant is granted 
an automatic filing extension. The information required is filed on 
occasion and is mandatory. All information is available to the public 
for review. Approximately 3,432 registrants file Form 12b-25 and it 
takes approximately 2.5 hours per response for a total of 8,580 burden 
hours (2.5 hours per response x 19 responses).
    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.
    The public may view the background documentation for this 
information collection at the following website, www.reginfo.gov. 
Comments should be directed to: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503, or by sending an email to: 
[email protected]; and (ii) 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]. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: October 9, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-22289 Filed 10-12-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 199 / Monday, October 15, 2018 / Notices 52005

members will be treated similarly under 4(f)(6)(iii) 81 permits the Commission to file number should be included on the
the new 1200 Series in terms of designate a shorter time if such action subject line if email is used. To help the
standards of training, experience and is consistent with the protection of Commission process and review your
competence for persons associated with investors and the public interest. The comments more efficiently, please use
Exchange members. Exchange has asked the Commission to only one method. The Commission will
With respect to registration of waive the 30-day operative delay so that post all comments on the Commission’s
developers of algorithmic trading the proposal may become operative on internet website (http://www.sec.gov/
strategies in particular, the Exchange October 1, 2018 to coincide with the rules/sro.shtml). Copies of the
recognizes that the proposal would effective date of FINRA’s proposed rule submission, all subsequent
impose costs on member firms change on which the proposal is amendments, all written statements
employing associated persons engaged based.82 The waiver of the operative with respect to the proposed rule
in the activity subject to the registration delay would make the Exchange’s change that are filed with the
requirement. Specifically, among other qualification requirements consistent Commission, and all written
things, additional associated persons with those of FINRA, as of October 1, communications relating to the
would be required to become registered 2018. Therefore, the Commission proposed rule change between the
under the proposal, and the firm would believes that the waiver of the 30-day Commission and any person, other than
need to establish policies and operative delay is consistent with the those that may be withheld from the
procedures to monitor compliance with protection of investors and the public public in accordance with the
the proposed requirement on an ongoing interest and hereby waives the 30-day provisions of 5 U.S.C. 552, will be
basis. However, given the prevalence operative delay and designates the available for website viewing and
and importance of algorithmic trading proposal operative on October 1, 2018.83 printing in the Commission’s Public
strategies in today’s markets, the At any time within 60 days of the Reference Room, 100 F Street NE,
Exchange believes that associated filing of the proposed rule change, the Washington, DC 20549, on official
persons engaged in the activities Commission summarily may business days between the hours of
covered by this proposal must meet a temporarily suspend such rule change if 10:00 a.m. and 3:00 p.m. Copies of the
minimum standard of knowledge it appears to the Commission that such filing also will be available for
regarding the applicable securities rules action is necessary or appropriate in the inspection and copying at the principal
and regulations. To mitigate the costs public interest, for the protection of office of the Exchange. All comments
imposed on member firms, the proposed investors, or otherwise in furtherance of received will be posted without change.
rule change limits the scope of the purposes of the Act. If the Persons submitting comments are
registration requirement by excluding Commission takes such action, the cautioned that we do not redact or edit
technological or development support Commission shall institute proceedings personal identifying information from
personnel who are not primarily under Section 19(b)(2)(B) 84 of the Act to comment submissions. You should
responsible for the covered activities. It determine whether the proposed rule submit only information that you wish
also excludes supervisors who are not change should be approved or to make available publicly. All
responsible for the ‘‘day-to-day’’ disapproved. submissions should refer to File
supervision or direction of the covered IV. Solicitation of Comments Number SR–NASDAQ–2018–078, and
activities. should be submitted on or before
Interested persons are invited to November 5, 2018.
C. Self-Regulatory Organization’s submit written data, views, and
For the Commission, by the Division of
Statement on Comments on the arguments concerning the foregoing, Trading and Markets, pursuant to delegated
Proposed Rule Change Received From including whether the proposed rule authority.85
Members, Participants, or Others change is consistent with the Act. Eduardo A. Aleman,
Comments may be submitted by any of
No written comments were either Assistant Secretary.
the following methods:
solicited or received. [FR Doc. 2018–22295 Filed 10–12–18; 8:45 am]
Electronic Comments BILLING CODE 8011–01–P
III. Date of Effectiveness of the
• Use the Commission’s internet
Proposed Rule Change and Timing for
comment form (http://www.sec.gov/
Commission Action SECURITIES AND EXCHANGE
rules/sro.shtml); or
• Send an email to rule-comments@ COMMISSION
Because the proposed rule change
does not: (i) Significantly affect the sec.gov. Please include File Number SR– [SEC File No. 270–071, OMB Control No.
protection of investors or the public NASDAQ–2018–078 on the subject line. 3235–0058]
interest; (ii) impose any significant Paper Comments
burden on competition; and (iii) become Submission for OMB Review;
• Send paper comments in triplicate Comment Request
operative prior to 30 days from the date
to Secretary, Securities and Exchange
on which it was filed, or such shorter Upon Written Request Copies Available
Commission, 100 F Street NE,
time as the Commission may designate, From: Securities and Exchange
Washington, DC 20549–1090.
if consistent with the protection of Commission, Office of FOIA Services,
investors and the public interest, the All submissions should refer to File 100 F Street NE, Washington, DC
proposed rule change has become Number SR–NASDAQ–2018–078. This 20549–2736
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effective pursuant to Section 19(b)(3)(A) 81 17 Extension:
CFR 240.19b–4(f)(6)(iii).
of the Act and Rule 19b-4(f)(6) 82 See Form 12b–25
supra note 5.
thereunder. 83 For purposes only of waiving the 30-day
Notice is hereby given that, pursuant
A proposed rule change filed under operative delay, the Commission has also
to the Paperwork Reduction Act of 1995
Rule 19b–4(f)(6) normally does not considered the proposed rule’s impact on
efficiency, competition, and capital formation. See (44 U.S.C. 3501 et seq.), the Securities
become operative for 30 days from the 15 U.S.C. 78c(f).
date of filing. However, Rule 19b– 84 15 U.S.C. 78s(b)(2)(B). 85 17 CFR 200.30–3(a)(12).

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52006 Federal Register / Vol. 83, No. 199 / Monday, October 15, 2018 / Notices

and Exchange Commission SECURITIES AND EXCHANGE A. Self-Regulatory Organization’s
(‘‘Commission’’) has submitted to the COMMISSION Statement of the Purpose of, and
Office of Management and Budget this Statutory Basis for, the Proposed Rule
request for extension of the previously [Release No. 34–84384; File No. SR–ISE– Change
approved collection of information 2018–82] 1. Purpose
discussed below.
Self-Regulatory Organizations; Nasdaq Overview
The purpose of Form 12b–25 (17 CFR
240.12b–25) is to provide notice to the ISE, LLC; Notice of Filing and The Exchange has adopted
Commission and the marketplace that a Immediate Effectiveness of Proposed registration requirements to ensure that
registrant will be unable to timely file a Rule Change To Amend, Reorganize associated persons attain and maintain
required periodic or transition report and Enhance Its Membership, specified levels of competence and
Registration and Qualification Rules knowledge pertinent to their function.
pursuant to the Securities Exchange Act
and To Make Conforming Changes to In general, the current rules require that
of 1934 (15 U.S.C. 78a et seq.) or the
Certain Other Rules persons engaged in a member’s
Investment Company Act of 1940 (15
securities business who are to function
U.S.C. 80a et seq.). If all the filing October 9, 2018. as representatives or principals register
conditions of the form are satisfied, the with the Exchange in each category of
registrant is granted an automatic filing Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 registration appropriate to their
extension. The information required is functions by passing one or more
filed on occasion and is mandatory. All (‘‘Act’’),1 and Rule 19b–4 thereunder,2
qualification examinations 3 and exempt
information is available to the public for notice is hereby given that on
specified associated persons from the
review. Approximately 3,432 registrants September 27, 2018, Nasdaq ISE, LLC
registration requirements.4 They also
file Form 12b–25 and it takes (‘‘ISE’’ or ‘‘Exchange’’) filed with the prescribe ongoing continuing education
approximately 2.5 hours per response Securities and Exchange Commission requirements for registered persons.5
for a total of 8,580 burden hours (2.5 (‘‘SEC’’ or ‘‘Commission’’) the proposed The Exchange now proposes to amend,
hours per response × 19 responses). rule change as described in Items I and reorganize and enhance its rules
II, below, which Items have been regarding registration, qualification
An agency may not conduct or
prepared by the Exchange. The examinations and continuing education,
sponsor, and a person is not required to
Commission is publishing this notice to as described below.6
respond to, a collection of information
solicit comments on the proposed rule Recently, the Commission approved a
unless it displays a currently valid
change from interested persons. Financial Industry Regulatory Authority
control number.
(‘‘FINRA’’) proposed rule change
The public may view the background I. Self-Regulatory Organization’s
consolidating and adopting NASD and
documentation for this information Statement of the Terms of Substance of Incorporated NYSE rules relating to
collection at the following website, the Proposed Rule Change qualification and registration
www.reginfo.gov. Comments should be The Exchange proposes to amend, requirements into the Consolidated
directed to: (i) Desk Officer for the reorganize and enhance its membership, FINRA Rulebook,7 restructuring the
Securities and Exchange Commission, registration and qualification rules and FINRA representative-level qualification
Office of Information and Regulatory to make conforming changes to certain examinations, creating a general
Affairs, Office of Management and knowledge examination and specialized
other rules.
Budget, Room 10102, New Executive knowledge examinations, allowing
Office Building, Washington, DC 20503, The text of the proposed rule change permissive registration, establishing an
or by sending an email to: is available on the Exchange’s website at examination waiver process for persons
Lindsay.M.Abate@omb.eop.gov; and (ii) http://ise.cchwallstreet.com/, at the working for a financial services affiliate
Charles Riddle, Acting Director/Chief principal office of the Exchange, and at of a member, and amending certain
Information Officer, Securities and the Commission’s Public Reference continuing education (‘‘CE’’)
Exchange Commission, c/o Candace Room. requirements (collectively, the ‘‘FINRA
Rule Changes’’).8 The FINRA Rule
Kenner, 100 F Street NE, Washington, II. Self-Regulatory Organization’s
DC 20549 or send an email to: PRA_ Statement of the Purpose of, and 3 See, e.g., ISE Rule 313, Registration
Mailbox@sec.gov. Comments must be Statutory Basis for, the Proposed Rule Requirements, Section (a)(1).
submitted to OMB within 30 days of Change 4 See, e.g., ISE Rule 313, Registration

this notice. Requirements, Section (a)(2).
In its filing with the Commission, the 5 See ISE Rule 604, Continuing Education for
Dated: October 9, 2018. Registered Persons.
Exchange included statements 6 The ISE rules governing these matters were
Eduardo A. Aleman, concerning the purpose of and basis for extensively updated and amended in Securities
Assistant Secretary. the proposed rule change and discussed Exchange Act Release No. 63843 (February 4, 2011),
[FR Doc. 2018–22289 Filed 10–12–18; 8:45 am] any comments it received on the 76 FR 7884 (SR–ISE–2010–115), which adopted
Rule 313.
BILLING CODE 8011–01–P proposed rule change. The text of these 7 The current FINRA rulebook consists of: (1)
statements may be examined at the FINRA rules; (2) NASD rules; and (3) rules
places specified in Item IV below. The incorporated from the New York Stock Exchange
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Exchange has prepared summaries, set (‘‘NYSE’’) (the ‘‘Incorporated NYSE rules’’). While
the NASD rules generally apply to all FINRA
forth in sections A, B, and C below, of members, the Incorporated NYSE rules apply only
the most significant aspects of such to those members of FINRA that are also members
statements. of the NYSE.
8 See Securities Exchange Act Release No. 81098

(July 7, 2017), 82 FR 32419 (July 13, 2017) (Order
1 15 U.S.C. 78s(b)(1). Approving File No. SR–FINRA–2017–007). See also
2 17 CFR 240.19b–4. FINRA Regulatory Notice 17–30 (SEC Approves

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Document Created: 2018-10-13 10:02:03
Document Modified: 2018-10-13 10:02:03

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 52005