Proposed Collection; Comment Request, 54306-54307 [2014-21652]

Download as PDF 54306 Federal Register / Vol. 79, No. 176 / Thursday, September 11, 2014 / Notices Filing Online system at https:// www.prc.gov. Those who cannot submit comments electronically should contact the person identified in the FOR FURTHER INFORMATION CONTACT section by telephone for advice on filing alternatives. FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 202–789–6820. SUPPLEMENTARY INFORMATION: Table of Contents I. Introduction II. Notice of Commission Action III. Request for Supplemental Information IV. Ordering Paragraphs I. Introduction In accordance with 39 U.S.C. 3642 and 39 CFR 3020.30 et seq., the Postal Service filed a formal request and associated supporting information to add Priority Mail Express, Priority Mail, & First-Class Package Service Contract 4 to the competitive product list.1 The Postal Service contemporaneously filed a redacted contract related to the proposed new product under 39 U.S.C. 3632(b)(3) and 39 CFR 3015.5. Id. Attachment B. To support its Request, the Postal Service filed a copy of the contract, a copy of the Governors’ Decision authorizing the product, proposed changes to the Mail Classification Schedule, a Statement of Supporting Justification, a certification of compliance with 39 U.S.C. 3633(a), and an application for non-public treatment of certain materials. It also filed supporting financial workpapers. mstockstill on DSK4VPTVN1PROD with NOTICES II. Notice of Commission Action The Commission establishes Docket Nos. MC2014–43 and CP2014–76 to consider the Request pertaining to the proposed Priority Mail Express, Priority Mail, & First-Class Package Service Contract 4 product and the related contract, respectively. The Commission invites comments on whether the Postal Service’s filings in the captioned dockets are consistent with the policies of 39 U.S.C. 3632, 3633, or 3642, 39 CFR part 3015, and 39 CFR part 3020, subpart B. Comments are due no later than September 12, 2014. The public portions of these filings can be accessed via the Commission’s Web site (https://www.prc.gov). 1 Request of the United States Postal Service to Add Priority Mail Express, Priority Mail, & FirstClass Package Service Contract 4 to Competitive Product List and Notice of Filing (Under Seal) of Unredacted Governors’ Decision, Contract, and Supporting Data, September 4, 2014 (Request). VerDate Mar<15>2010 18:29 Sep 10, 2014 Jkt 232001 The Commission appoints James F. Callow to serve as Public Representative in these dockets. III. Request for Supplemental Information The contract states the effective date of this contract shall be one business day following the day on which the Commission issues all necessary regulatory approvals. It also states this contract shall expire three years form the effective date. Id. Attachment B at 3–4. 1. Please confirm that the Postal Service would like the start date to be the next business day if the Commission provides approval on a day preceding a Saturday, Sunday, or federal holiday. If this is not confirmed, please provide the preferred method for determining the start date. 2. If the termination date is calculated as three years from the start date, the termination date might fall on a Saturday, Sunday, or federal holiday. If this occurs, please advise the Commission whether the Postal Service intends the termination date to be the actual Saturday, Sunday, or federal holiday or the Postal Service intends the termination date to be extended to the next business day. 3. The Postal Service asks for Commission approval of several different forms of negotiated service agreements. Please explain any differences in the determination of start and termination dates that the Commission should consider among the different forms of agreements. The Postal Service response is due no later than September 12, 2014. IV. Ordering Paragraphs It is ordered: 1. The Commission establishes Docket Nos. MC2014–43 and CP2014–76 to consider the matters raised in each docket. 2. Pursuant to 39 U.S.C. 505, James F. Callow is appointed to serve as an officer of the Commission to represent the interests of the general public in these proceedings (Public Representative). 3. The Postal Service’s response to the request for supplemental information is due no later than September 12, 2014. 4. Comments are due no later than September 12, 2014. 5. The Secretary shall arrange for publication of this order in the Federal Register. By the Commission. Ruth Ann Abrams, Acting Secretary. [FR Doc. 2014–21588 Filed 9–10–14; 8:45 am] BILLING CODE 7710–FW–P PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 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 13h–1 and Form 13H, SEC File No. 270–614, OMB Control No. 3235–0682. 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 Rule 13h–1 (17 CFR 240.13h–1) and Form 13H—registration of large traders 1 submitted pursuant to Section 13(h) of the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (‘‘Exchange Act’’). The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. Rule 13h–1 and Form 13H under Section 13(h) of the Exchange Act established a large trader reporting framework.2 The framework assists the Commission in identifying and obtaining certain baseline information about traders that conduct a substantial amount of trading activity, as measured by volume or market value, in the U.S. securities markets. The identification, recordkeeping, and reporting framework provides the Commission with a mechanism to identify large traders and their affiliates, accounts, and transactions. Specifically, the system requires large traders to identify themselves to the Commission and make certain disclosures to the Commission on Form 13H. Upon receipt of Form 13H, the Commission issues a unique identification number to the large trader, which the large trader then provides to its registered broker-dealers. Certain registered broker-dealers are required to maintain transaction records for each large trader, and are required to 1 Rule 13h–1(a)(1) defines ‘‘large trader’’ as any person that directly or indirectly, including through other persons controlled by such person, exercises investment discretion over one or more accounts and effects transactions for the purchase or sale of any NMS security for or on behalf of such accounts, by or through one or more registered broker-dealers, in an aggregate amount equal to or greater than the identifying activity level or voluntarily registers as a large trader by filing electronically with the Commission Form 13H. 2 See Securities Exchange Act Release No. 64976 (July 27, 2011), 76 FR 46959 (August 3, 2011). E:\FR\FM\11SEN1.SGM 11SEN1 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 E:\FR\FM\11SEN1.SGM 11SEN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 79, Number 176 (Thursday, September 11, 2014)]
[Notices]
[Pages 54306-54307]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-21652]


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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 13h-1 and Form 13H, SEC File No. 270-614, OMB Control No. 
3235-0682.
    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 Rule 13h-1 (17 CFR 240.13h-1) 
and Form 13H--registration of large traders \1\ submitted pursuant to 
Section 13(h) of the Securities Exchange Act of 1934 (15 U.S.C. 78a et 
seq.) (``Exchange Act''). The Commission plans to submit this existing 
collection of information to the Office of Management and Budget for 
extension and approval.
---------------------------------------------------------------------------

    \1\ Rule 13h-1(a)(1) defines ``large trader'' as any person that 
directly or indirectly, including through other persons controlled 
by such person, exercises investment discretion over one or more 
accounts and effects transactions for the purchase or sale of any 
NMS security for or on behalf of such accounts, by or through one or 
more registered broker-dealers, in an aggregate amount equal to or 
greater than the identifying activity level or voluntarily registers 
as a large trader by filing electronically with the Commission Form 
13H.
---------------------------------------------------------------------------

    Rule 13h-1 and Form 13H under Section 13(h) of the Exchange Act 
established a large trader reporting framework.\2\ The framework 
assists the Commission in identifying and obtaining certain baseline 
information about traders that conduct a substantial amount of trading 
activity, as measured by volume or market value, in the U.S. securities 
markets.
---------------------------------------------------------------------------

    \2\ See Securities Exchange Act Release No. 64976 (July 27, 
2011), 76 FR 46959 (August 3, 2011).
---------------------------------------------------------------------------

    The identification, recordkeeping, and reporting framework provides 
the Commission with a mechanism to identify large traders and their 
affiliates, accounts, and transactions. Specifically, the system 
requires large traders to identify themselves to the Commission and 
make certain disclosures to the Commission on Form 13H. Upon receipt of 
Form 13H, the Commission issues a unique identification number to the 
large trader, which the large trader then provides to its registered 
broker-dealers. Certain registered broker-dealers are required to 
maintain transaction records for each large trader, and are required to

[[Page 54307]]

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.
---------------------------------------------------------------------------

    \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.
---------------------------------------------------------------------------

    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 broker-dealer 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\
---------------------------------------------------------------------------

    \4\ See 5 U.S.C. 552 and 15 U.S.C. 78m(h)(7).
---------------------------------------------------------------------------

    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 
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 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or send an email 
to: PRAMailbox@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

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