Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of Certain Funds of the Alpha Architect ETF Trust, 54307 [2014-21642]
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Federal Register / Vol. 79, No. 176 / Thursday, September 11, 2014 / Notices
mstockstill on DSK4VPTVN1PROD with NOTICES
report that information to the
Commission upon request.3 In addition,
certain registered broker-dealers are
required to adopt procedures to monitor
their customers for activity that would
trigger the identification requirements of
the rule.
The respondents to the collection of
information are large traders. Each new
large trader respondent files one
response, which takes approximately 20
hours to complete. The average internal
cost of compliance per response is
$5,177, calculated as follows: (3 hours
of compliance manager time at $283 per
hour) + (7 hours of legal time at $334
per hour) + (10 hours of paralegal time
at $199 per hour) = $5,177.
Additionally, on average, each large
trader respondent (including new
respondents) files 2 responses per year,
which take approximately 6 hours to
complete. The average internal cost of
compliance per response is $1,632,
calculated as follows: (2 hours of
compliance manager time at $283 per
hour) + (2 hours of legal time at $334
per hour) + (2 hours of paralegal time at
$199 per hour) = $1,632.
Each registered broker-dealer’s
monitoring requirement takes
approximately 15 hours per year. The
average internal cost of compliance is
$5,010, calculated as follows: 15 hours
of legal time at $334 per hour = $5010.
The Commission estimates that it may
send 100 requests specifically seeking
large trader data per year to each
registered broker-dealer subject to the
rule, and it would take each registered
broker-dealer 2 hours to comply with
each request Accordingly, the annual
reporting hour burden for a brokerdealer is estimated to be 200 burden
hours (100 requests x 2 burden hours/
request = 200 burden hours). The
average internal cost of compliance per
response is $398, calculated as follows:
2 hours of paralegal time at $199 per
hour = $398.
Compliance with Rule 13h–1 is
mandatory. The information collection
under proposed Rule 13h–1 is
considered confidential subject to the
limited exceptions provided by the
Freedom of Information Act.4
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
3 The Commission, pursuant to Rule 17a–25 (17
CFR 240.17a–25), currently collects transaction data
from registered broker-dealers through the
Electronic Blue Sheets (‘‘EBS’’) system to support
its regulatory and enforcement activities. The large
trader framework added two new fields, the time of
the trade and the identity of the trader, to the EBS
system.
4 See 5 U.S.C. 552 and 15 U.S.C. 78m(h)(7).
VerDate Mar<15>2010
18:29 Sep 10, 2014
Jkt 232001
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 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
under the PRA unless it displays a
currently valid OMB control number.
Please direct your written comments
to: Thomas Bayer, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 100 F Street NE., Washington,
DC 20549, or send an email to: PRA_
Mailbox@sec.gov.
Dated: September 5, 2014.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–21652 Filed 9–10–14; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–73003; File No. SR–BATS–
2014–026]
54307
Amendment No. 2 to the proposed rule
change, which again amended and
replaced the proposal in its entirety. No
comments on the proposal have been
received.
Section 19(b)(2) of the Act 4 provides
that, within 45 days of the publication
of notice of the filing of a proposed rule
change, or within such longer period up
to 90 days as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
reasons for so finding, or as to which the
self-regulatory organization consents,
the Commission shall either approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether the
proposed rule change should be
disapproved. The Commission is
extending this 45-day time period.
The Commission finds that it is
appropriate to designate a longer period
within which to take action on the
proposed rule change so that it has
sufficient time to consider the proposed
rule change, as modified by Amendment
No. 2. Accordingly, the Commission,
pursuant to Section 19(b)(2) of the Act,5
designates October 21, 2014, as the date
by which the Commission shall either
approve or disapprove or institute
proceedings to determine whether to
disapprove the proposed rule change
(File No. SR–BATS–2014–026).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Kevin M. O’Neill,
Deputy Secretary.
Self-Regulatory Organizations; BATS
Exchange, Inc.; Notice of Designation
of a Longer Period for Commission
Action on a Proposed Rule Change To
List and Trade Shares of Certain Funds
of the Alpha Architect ETF Trust
[FR Doc. 2014–21642 Filed 9–10–14; 8:45 am]
September 5, 2014.
[Release No. 34–73010; File No. SR–
NYSEARCA–2014–94]
On July 3, 2014, BATS Exchange, Inc.
(‘‘Exchange’’ or ‘‘BATS’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19b–4
thereunder,2 a proposed rule change to
list and trade shares of certain funds of
the Alpha Architect ETF Trust. The
proposed rule change was published for
comment in the Federal Register on July
23, 2014.3 On August 15, 2014, the
Exchange filed Amendment No. 1 to the
proposed rule change, which amended
and replaced the proposal in its entirety.
On August 26, 2014, the Exchange filed
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Amending Its Fees for
Non-Display Use of NYSE Arca
Options Market Data
September 5, 2014.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b-4 thereunder,2
notice is hereby given that, on August
25, 2014, NYSE Arca, Inc. (‘‘Exchange’’
or ‘‘NYSE Arca’’) filed with the
4 15
1 15
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 72636
(July 17, 2014), 79 FR 42852.
PO 00000
Frm 00046
Fmt 4703
Sfmt 4703
U.S.C. 78s(b)(2).
5 Id.
6 17
CFR 200.30–3(a)(57).
U.S.C.78s(b)(1).
2 17 CFR 240.19b-4.
1 15
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]]>Agencies
[Federal Register Volume 79, Number 176 (Thursday, September 11, 2014)]
[Notices]
[Page 54307]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-21642]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-73003; File No. SR-BATS-2014-026]
Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change To List and Trade Shares of Certain Funds of the Alpha Architect
ETF Trust
September 5, 2014.
On July 3, 2014, BATS Exchange, Inc. (``Exchange'' or ``BATS'')
filed with the Securities and Exchange Commission (``Commission''),
pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to
list and trade shares of certain funds of the Alpha Architect ETF
Trust. The proposed rule change was published for comment in the
Federal Register on July 23, 2014.\3\ On August 15, 2014, the Exchange
filed Amendment No. 1 to the proposed rule change, which amended and
replaced the proposal in its entirety. On August 26, 2014, the Exchange
filed Amendment No. 2 to the proposed rule change, which again amended
and replaced the proposal in its entirety. No comments on the proposal
have been received.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 72636 (July 17,
2014), 79 FR 42852.
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Section 19(b)(2) of the Act \4\ provides that, within 45 days of
the publication of notice of the filing of a proposed rule change, or
within such longer period up to 90 days as the Commission may designate
if it finds such longer period to be appropriate and publishes its
reasons for so finding, or as to which the self-regulatory organization
consents, the Commission shall either approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether the proposed rule change should be disapproved. The
Commission is extending this 45-day time period.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission finds that it is appropriate to designate a longer
period within which to take action on the proposed rule change so that
it has sufficient time to consider the proposed rule change, as
modified by Amendment No. 2. Accordingly, the Commission, pursuant to
Section 19(b)(2) of the Act,\5\ designates October 21, 2014, as the
date by which the Commission shall either approve or disapprove or
institute proceedings to determine whether to disapprove the proposed
rule change (File No. SR-BATS-2014-026).
---------------------------------------------------------------------------
\5\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-21642 Filed 9-10-14; 8:45 am]
BILLING CODE 8011-01-P
