83 FR 52022 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

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

Page Range		52022-52023
FR Document		2018-22290

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

[Federal Register Volume 83, Number 199 (Monday, October 15, 2018)]
[Notices]
[Pages 52022-52023]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-22290]


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SECURITIES AND EXCHANGE COMMISSION


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 TH SEC File No. 270-377, OMB Control No. 3235-0425
    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'') has submitted to the Office of Management 
and Budget this request for extension of the previously approved 
collection of information discussed below.
    Form TH (17 CFR 239.65, 249.447, 269.10 and 274.404) under the 
Securities Act of 1933 (15 U.S.C. 77a et seq.), the Securities Exchange 
Act of 1934 (15 U.S.C. 78a et seq.), the Trust Indenture Act of 1939 
(15 U.S.C. 77aaa et seq.) and the Investment Company Act of 1940 (15 
U.S.C. 80a-1 et seq.) is used by registrants to notify the Commission 
that an electronic filer is relying on the temporary hardship exemption 
for the filing of a document in paper form that would otherwise be 
required to be filed electronically as required by Rule 201(a) of 
Regulation S-T. (17 CFR. 232.201(a)). Form TH is a public document and 
is filed on occasion. Form TH must be filed every time an electronic 
filer experiences unanticipated technical difficulties preventing the 
timely preparation and submission of a required electronic filing. 
Approximately 5 registrants file Form TH and it takes an estimated 0.33 
hours per response for a total annual burden of 2 hours (0.33 hours per 
response x 5 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.


[[Page 52023]]


    Dated: October 9, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-22290 Filed 10-12-18; 8:45 am]
 BILLING CODE 8011-01-P

52022 Federal Register / Vol. 83, No. 199 / Monday, October 15, 2018 / Notices

investors and the public interest, the • Send an email to rule-comments@ Commission, Office of FOIA Services,
proposed rule change has become sec.gov. Please include File Number SR– 100 F Street NE, Washington, DC
effective pursuant to Section 19(b)(3)(A) ISE–2018–82 on the subject line. 20549–2736.
of the Act and Rule 19b–4(f)(6) Extension:
Paper Comments
thereunder. Form TH SEC File No. 270–377, OMB
• Send paper comments in triplicate Control No. 3235–0425
A proposed rule change filed under to Secretary, Securities and Exchange
Rule 19b–4(f)(6) normally does not Commission, 100 F Street NE, Notice is hereby given that, pursuant
become operative for 30 days from the Washington, DC 20549–1090. to the Paperwork Reduction Act of 1995
date of filing. However, Rule 19b– (44 U.S.C. 3501 et seq.), the Securities
All submissions should refer to File
4(f)(6)(iii) 83 permits the Commission to and Exchange Commission
Number SR–ISE–2018–82. This file
designate a shorter time if such action (‘‘Commission’’) has submitted to the
number should be included on the
is consistent with the protection of Office of Management and Budget this
subject line if email is used. To help the
investors and the public interest. The request for extension of the previously
Commission process and review your
Exchange has asked the Commission to approved collection of information
comments more efficiently, please use
waive the 30-day operative delay so that discussed below.
only one method. The Commission will
the proposal may become operative on Form TH (17 CFR 239.65, 249.447,
post all comments on the Commission’s
October 1, 2018 to coincide with the 269.10 and 274.404) under the
internet website (http://www.sec.gov/
effective date of FINRA’s proposed rule Securities Act of 1933 (15 U.S.C. 77a et
rules/sro.shtml).
change on which the proposal is Copies of the submission, all seq.), the Securities Exchange Act of
based.84 The waiver of the operative subsequent amendments, all written 1934 (15 U.S.C. 78a et seq.), the Trust
delay would make the Exchange’s statements with respect to the proposed Indenture Act of 1939 (15 U.S.C. 77aaa
qualification requirements consistent rule change that are filed with the et seq.) and the Investment Company
with those of FINRA, as of October 1, Commission, and all written Act of 1940 (15 U.S.C. 80a–1 et seq.) is
2018. Therefore, the Commission communications relating to the used by registrants to notify the
believes that the waiver of the 30-day proposed rule change between the Commission that an electronic filer is
operative delay is consistent with the Commission and any person, other than relying on the temporary hardship
protection of investors and the public those that may be withheld from the exemption for the filing of a document
interest and hereby waives the 30-day public in accordance with the in paper form that would otherwise be
operative delay and designates the provisions of 5 U.S.C. 552, will be required to be filed electronically as
proposal operative on October 1, 2018.85 available for website viewing and required by Rule 201(a) of Regulation S–
At any time within 60 days of the printing in the Commission’s Public T. (17 CFR. 232.201(a)). Form TH is a
filing of the proposed rule change, the Reference Room, 100 F Street NE, public document and is filed on
Commission summarily may Washington, DC 20549, on official occasion. Form TH must be filed every
temporarily suspend such rule change if business days between the hours of time an electronic filer experiences
it appears to the Commission that such 10:00 a.m. and 3:00 p.m. Copies of the unanticipated technical difficulties
action is necessary or appropriate in the filing also will be available for preventing the timely preparation and
public interest, for the protection of inspection and copying at the principal submission of a required electronic
investors, or otherwise in furtherance of office of the Exchange. All comments filing. Approximately 5 registrants file
the purposes of the Act. If the received will be posted without change. Form TH and it takes an estimated 0.33
Commission takes such action, the Persons submitting comments are hours per response for a total annual
Commission shall institute proceedings cautioned that we do not redact or edit burden of 2 hours (0.33 hours per
under Section 19(b)(2)(B) 86 of the Act to personal identifying information from response × 5 responses).
determine whether the proposed rule comment submissions. You should An agency may not conduct or
change should be approved or submit only information that you wish sponsor, and a person is not required to
disapproved. to make available publicly. All respond to, a collection of information
IV. Solicitation of Comments submissions should refer to File unless it displays a currently valid
Number SR–ISE–2018–82 and should be control number.
Interested persons are invited to submitted on or before November 5, The public may view the background
submit written data, views, and 2018. documentation for this information
arguments concerning the foregoing, For the Commission, by the Division of collection at the following website,
including whether the proposed rule Trading and Markets, pursuant to delegated www.reginfo.gov. Comments should be
change is consistent with the Act. authority.87 directed to: (i) Desk Officer for the
Comments may be submitted by any of Eduardo A. Aleman, Securities and Exchange Commission,
the following methods: Assistant Secretary. Office of Information and Regulatory
Electronic Comments [FR Doc. 2018–22294 Filed 10–12–18; 8:45 am] Affairs, Office of Management and
BILLING CODE 8011–01–P Budget, Room 10102, New Executive
• Use the Commission’s internet Office Building, Washington, DC 20503,
comment form (http://www.sec.gov/ or by sending an email to:
rules/sro.shtml); or SECURITIES AND EXCHANGE Lindsay.M.Abate@omb.eop.gov; and (ii)
COMMISSION Charles Riddle, Acting Director/Chief
khammond on DSK30JT082PROD with NOTICES

83 17 CFR 240.19b–4(f)(6)(iii). Information Officer, Securities and
Submission for OMB Review;
84 See supra note 5. Exchange Commission, c/o Candace
Comment Request
85 For purposes only of waiving the 30-day
Kenner, 100 F Street NE, Washington,
operative delay, the Commission has also DC 20549 or send an email to: PRA_
considered the proposed rule’s impact on
Upon Written Request Copies Available
efficiency, competition, and capital formation. See From: Securities and Exchange Mailbox@sec.gov. Comments must be
15 U.S.C. 78c(f). submitted to OMB within 30 days of
86 15 U.S.C. 78s(b)(2)(B). 87 17 CFR 200.30–3(a)(12). this notice.

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Federal Register / Vol. 83, No. 199 / Monday, October 15, 2018 / Notices 52023

Dated: October 9, 2018. the most significant aspects of such Changes will become effective on
Eduardo A. Aleman, statements. October 1, 2018.
Assistant Secretary. The Exchange now proposes to
A. Self-Regulatory Organization’s amend, reorganize and enhance its own
[FR Doc. 2018–22290 Filed 10–12–18; 8:45 am] Statement of the Purpose of, and membership, registration and
BILLING CODE 8011–01–P Statutory Basis for, the Proposed Rule qualification requirements rules in part
Change in response to the FINRA Rule Changes,
SECURITIES AND EXCHANGE 1. Purpose and also in order to conform its rules to
COMMISSION The Exchange has adopted those of its affiliated exchanges in the
registration requirements to ensure that interest of uniformity and to facilitate
[Release No. 34–84385; File No. SR–MRX– compliance with membership,
2018–31] associated persons attain and maintain
specified levels of competence and registration and qualification regulatory
Self-Regulatory Organizations; Nasdaq knowledge pertinent to their function. requirements by members of multiple
MRX, LLC; Notice of Filing and In general, the current rules require that Nasdaq-affiliated exchanges including
Immediate Effectiveness of Proposed persons engaged in a member’s MRX. Last, the Exchange proposes to
Rule Change To Amend, Reorganize securities business who are to function enhance its registration rules by adding
and Enhance Its Membership, as representatives or principals register a new registration requirement for
Registration and Qualification Rules with the Exchange in each category of developers of algorithmic trading
and To Make Conforming Changes to registration appropriate to their systems similar to a requirement
functions by passing one or more adopted by FINRA pursuant to a 2016
Certain Other Rules
qualification examinations 3 and exempt FINRA proposed rule change.8
October 9, 2018. As part of this proposed rule change,
specified associated persons from the
Pursuant to Section 19(b)(1) of the current Rule 306, Registration
registration requirements.4 They also
Securities Exchange Act of 1934 Requirements, is proposed to be
prescribe ongoing continuing education deleted.9 Additionally, as part of a
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 requirements for registered persons.5
notice is hereby given that on parallel ISE filing that proposes to adopt
The Exchange now proposes to amend, the same registration, qualification
September 27, 2018, Nasdaq MRX, LLC reorganize and enhance its rules
(‘‘MRX’’ or ‘‘Exchange’’) filed with the examinations and continuing education
regarding registration, qualification rule changes proposed herein, Nasdaq
Securities and Exchange Commission examinations and continuing education,
(‘‘SEC’’ or ‘‘Commission’’) the proposed ISE, LLC (‘‘ISE’’) is proposing to amend
as described below. ISE Rules 601, Registration of Options
rule change as described in Items I and Recently, the Commission approved a
II below, which Items have been Principals, 602, Registration of
Financial Industry Regulatory Authority Representatives, 603, Termination of
prepared by the Exchange. The (‘‘FINRA’’) proposed rule change
Commission is publishing this notice to Registered Persons, and 604, Continuing
consolidating and adopting NASD and Education for Registered Persons. The
solicit comments on the proposed rule Incorporated NYSE rules relating to
change from interested persons. Exchange’s own Chapter 6, Doing
qualification and registration Business with the Public, incorporates
I. Self-Regulatory Organization’s requirements into the Consolidated by reference the ISE rules that are set
Statement of the Terms of Substance of FINRA Rulebook,6 restructuring the forth in Chapter 6 of the ISE rulebook,
the Proposed Rule Change FINRA representative-level qualification including ISE Rules 601, 602, 603 and
examinations, creating a general 604, such that the proposed changes to
The Exchange proposes to amend,
knowledge examination and specialized
reorganize and enhance its membership,
knowledge examinations, allowing Requirements) (October 2017). FINRA articulated
registration and qualification rules and
permissive registration, establishing an its belief that the proposed rule change would
to make conforming changes to certain
examination waiver process for persons streamline, and bring consistency and uniformity
other rules. to, its registration rules, which would, in turn,
The text of the proposed rule change working for a financial services affiliate
assist FINRA members and their associated persons
is available on the Exchange’s website at of a member, and amending certain in complying with the rules and improve regulatory
http://nasdaqmrx.cchwallstreet.com/, at continuing education (‘‘CE’’) efficiency. FINRA also determined to enhance the
the principal office of the Exchange, and requirements (collectively, the ‘‘FINRA overall efficiency of its representative-level
Rule Changes’’).7 The FINRA Rule examinations program by eliminating redundancy
at the Commission’s Public Reference of subject matter content across examinations,
Room. 3 See, e.g., MRX Rule 306, Registration
retiring several outdated representative-level
registrations, and introducing a general knowledge
II. Self-Regulatory Organization’s Requirements, Section (a)(1). examination that could be taken by all potential
4 See, e.g., MRX Rule 306, Registration
Statement of the Purpose of, and representative-level registrants and the general
Requirements, Section (a)(2). public. FINRA amended certain aspects of its
Statutory Basis for, the Proposed Rule 5 See ISE Rule 604, Continuing Education for continuing education rule, including by codifying
Change Registered Persons, incorporated by reference into existing guidance regarding the effect of failing to
the MRX rules as explained below. complete the Regulatory Element on a registered
In its filing with the Commission, the 6 The current FINRA rulebook consists of: (1) person’s activities and compensation.
Exchange included statements FINRA rules; (2) NASD rules; and (3) rules 8 See Securities Exchange Act Release No. 77551
concerning the purpose of and basis for incorporated from the New York Stock Exchange (April 7, 2016), 81 FR 21914 (April 13, 2016) (Order
the proposed rule change and discussed (‘‘NYSE’’) (the ‘‘Incorporated NYSE rules’’). While Approving File No. SR–FINRA–2016–007). In its
any comments it received on the the NASD rules generally apply to all FINRA proposed rule change FINRA addressed the
members, the Incorporated NYSE rules apply only increasing significance of algorithmic trading
khammond on DSK30JT082PROD with NOTICES

proposed rule change. The text of these to those members of FINRA that are also members strategies by amending its rules to require
statements may be examined at the of the NYSE. registration, as Securities Traders, of associated
places specified in Item IV below. The 7 See Securities Exchange Act Release No. 81098 persons primarily responsible for the design,
Exchange has prepared summaries, set (July 7, 2017), 82 FR 32419 (July 13, 2017) (Order development or significant modification of
Approving File No. SR–FINRA–2017–007). See also algorithmic trading strategies, or who are
forth in sections A, B, and C below, of FINRA Regulatory Notice 17–30 (SEC Approves responsible for the day-to-day supervision or
Consolidated FINRA Registration Rules, direction of such activities.
1 15 U.S.C. 78s(b)(1). Restructured Representative-Level Qualification 9 Conforming changes are proposed to Rules 100,
2 17 CFR 240.19b–4. Examinations and Changes to Continuing Education Definitions, and to Chapter 90, Code of Procedure.

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Document Created: 2018-10-13 10:02:23
Document Modified: 2018-10-13 10:02:23

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 52022