83 FR 60510 - Proposed Collection; Comment Request
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 227 (November 26, 2018)
Federal Register Volume 83, Issue 227 (November 26, 2018)
| Page Range | 60510-60510 | |
| FR Document | 2018-25684 |
[Federal Register Volume 83, Number 227 (Monday, November 26, 2018)] [Notices] [Page 60510] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-25684] [[Page 60510]] ======================================================================= ----------------------------------------------------------------------- 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: Schedule 14D-1F, SEC File No. 270-338, OMB Control No. 3235- 0376. 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. Schedule 14D-1F (17 CFR 240.14d-102) is a form that may be used by any person (the ``bidder'') making a cash tender or exchange offer for securities of any issuer (the ``target'') incorporated or organized under the laws of Canada or any Canadian province or territory that is a foreign private issuer, where less than 40% of the outstanding class of the target's securities that is the subject of the offer is held by U.S. holders. Schedule 14D-1F is designed to facilitate cross-border transactions in the securities of Canadian issuers. The information required to be filed with the Commission provides security holders with material information regarding the bidder as well as the transaction so that they may make informed investment decisions. Schedule 14D-1F takes approximately 2 hours per response to prepare and is filed by approximately 2 respondents annually for a total reporting burden of 4 hours (2 hours per response x 2 responses). Written comments are invited on: (a) Whether this proposed 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 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: November 20, 2018. Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-25684 Filed 11-23-18; 8:45 am] BILLING CODE 8011-01-P
![60510 Federal Register / Vol. 83, No. 227 / Monday, November 26, 2018 / Notices
SECURITIES AND EXCHANGE An agency may not conduct or concerning the purpose of and basis for
COMMISSION sponsor, and a person is not required to the proposed rule change and discussed
respond to, a collection of information any comments it received on the
Proposed Collection; Comment unless it displays a currently valid proposed rule change. The text of these
Request control number. statements may be examined at the
Please direct your written comments places specified in Item IV below. The
Upon Written Request Copies Available
to Charles Riddle, Acting Director/Chief Exchange has prepared summaries, set
From: Securities and Exchange
Information Officer, Securities and forth in sections A, B, and C below, of
Commission, Office of FOIA Services,
Exchange Commission, c/o Candace the most significant aspects of such
100 F Street NE, Washington, DC
Kenner, 100 F Street NE, Washington, statements.
20549–2736.
DC 20549; or send an email to: PRA_
Extension: Mailbox@sec.gov. A. Self-Regulatory Organization’s
Schedule 14D–1F, SEC File No. 270–338, Statement of the Purpose of, and
OMB Control No. 3235–0376. Dated: November 20, 2018. Statutory Basis for, the Proposed Rule
Eduardo A. Aleman, Change
Notice is hereby given that, pursuant
Assistant Secretary.
to the Paperwork Reduction Act of 1995 1. Purpose
(44 U.S.C. 3501 et seq.), the Securities [FR Doc. 2018–25684 Filed 11–23–18; 8:45 am]
The purpose of this filing is to correct
and Exchange Commission BILLING CODE 8011–01–P
a typographical error in Rule
(‘‘Commission’’) is soliciting comments
4702(b)(7)(A). That provision describes
on the collection of information
SECURITIES AND EXCHANGE the ‘‘Market Maker Peg Order’’ order
summarized below. The Commission
COMMISSION type,3 including by providing examples
plans to submit this existing collection
of how the order type operates in
of information to the Office of [Release No. 34–84622; File No. SR–
practice. One of these examples, which
Management and Budget for extension NASDAQ–2018–089]
contains the typographical error in
and approval.
Schedule 14D–1F (17 CFR 240.14d– Self-Regulatory Organizations; The question, illustrates the principle that
102) is a form that may be used by any Nasdaq Stock Market LLC; Notice of once a Market Maker Peg Order has
person (the ‘‘bidder’’) making a cash Filing and Immediate Effectiveness of posted to the Nasdaq Book, it will be
tender or exchange offer for securities of Proposed Rule Change To Correct a repriced if needed as the Reference
any issuer (the ‘‘target’’) incorporated or Typographical Error in Rule Price 4 changes. In particular, the
organized under the laws of Canada or 4702(b)(7)(A) principle states that when, as a result of
any Canadian province or territory that a change to the Reference Price, the
November 19, 2018. difference between the displayed price
is a foreign private issuer, where less Pursuant to Section 19(b)(1) of the
than 40% of the outstanding class of the of a Market Maker Peg Order and the
Securities Exchange Act of 1934 Reference Price reaches the Defined
target’s securities that is the subject of (‘‘Act’’),1 and Rule 19b–4 thereunder,2
the offer is held by U.S. holders. Limit,5 then a Market Maker Peg Order
notice is hereby given that on November
Schedule 14D–1F is designed to 8, 2018, The Nasdaq Stock Market LLC 3 Rule 4702(b)(7) defines a Market Maker Peg
facilitate cross-border transactions in (‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the Order as follows:
the securities of Canadian issuers. The Securities and Exchange Commission A ‘‘Market Maker Peg Order’’ is an Order Type
information required to be filed with the (‘‘Commission’’) the proposed rule designed to allow a Market Maker to maintain a
Commission provides security holders continuous two-sided quotation at a displayed price
change as described in Items I and II that is compliant with the quotation requirements
with material information regarding the below, which Items have been prepared for Market Makers set forth in Rule 4613(a)(2). The
bidder as well as the transaction so that by the Exchange. The Commission is displayed price of the Market Maker Peg Order is
they may make informed investment publishing this notice to solicit set with reference to a ‘‘Reference Price’’ in order
decisions. Schedule 14D–1F takes to keep the displayed price of the Market Maker Peg
comments on the proposed rule change Order within a bounded price range. A Market
approximately 2 hours per response to from interested persons. Maker Peg Order may be entered through RASH,
prepare and is filed by approximately 2 FIX or QIX only. A Market Maker Peg Order must
respondents annually for a total I. Self-Regulatory Organization’s be entered with a limit price beyond which the
reporting burden of 4 hours (2 hours per Statement of the Terms of Substance of Order may not be priced. The Reference Price for
a Market Maker Peg Order to buy (sell) is the then-
response × 2 responses). the Proposed Rule Change current National Best Bid (National Best Offer)
Written comments are invited on: (a) The Exchange proposes to correct a (including Nasdaq), or if no such National Best Bid
Whether this proposed collection of typographical error in Rule or National Best Offer, the most recent reported last-
information is necessary for the proper sale eligible trade from the responsible single plan
4702(b)(7)(A). The text of the proposed processor for that day, or if none, the previous
performance of the functions of the rule change is available on the closing price of the security as adjusted to reflect
agency, including whether the Exchange’s website at http:// any corporate actions (e.g., dividends or stock
information will have practical utility; nasdaq.cchwallstreet.com, at the splits) in the security.
(b) the accuracy of the agency’s estimate principal office of the Exchange, and at
4 See id. Rule 4613 states that the ‘‘Designated
of the burden imposed by the collection Percentage’’ shall be as follows: ‘‘8% for securities
the Commission’s Public Reference subject to Rule 4120(a)(11)(A), 28% for securities
of information; (c) ways to enhance the Room. subject to Rule 4120(a)(11)(B), and 30% for
quality, utility, and clarity of the securities subject to Rule 4120(a)(11)(C), except that
information collected; and (d) ways to II. Self-Regulatory Organization’s between 9:30 a.m. and 9:45 a.m. and between 3:35
minimize the burden of the collection of Statement of the Purpose of, and p.m. and the close of trading, when Rule
Statutory Basis for, the Proposed Rule 4120(a)(11) is not in effect, the Designated
information on respondents, including Percentage shall be 20% for securities subject to
through the use of automated collection Change Rule 4120(a)(11)(A), 28% for securities subject to
techniques or other forms of information In its filing with the Commission, the Rule 4120(a)(11)(B), and 30% for securities subject
technology. Consideration will be given to Rule 4120(a)(11)(C). The Designated Percentage
Exchange included statements for rights and warrants shall be 30%.’’
to comments and suggestions submitted 5 The ‘‘Defined Limit’’ is defined in Rule 4613 as
in writing within 60 days of this 1 15 U.S.C. 78s(b)(1). ‘‘9.5% for securities subject to Rule 4120(a)(11)(A),
publication. 2 17 CFR 240.19b–4. 29.5% for securities subject to Rule 4120(a)(11)(B),
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Document Created: 2018-11-24 00:52:27
Document Modified: 2018-11-24 00:52:27
| 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 60510 |
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