Sunshine Act Meeting, 62977 [2014-25084]
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Federal Register / Vol. 79, No. 203 / Tuesday, October 21, 2014 / Notices
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: October 15, 2014.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–24955 Filed 10–20–14; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
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Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold a Closed Meeting
on Thursday, October 23, 2014 at 2:00
p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the Closed Meeting. Certain
staff members who have an interest in
the matters also may be present.
The General Counsel of the
Commission, or her designee, has
certified that, in her opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
and 17 CFR 200.402(a)(3), (5), (7), 9(ii)
and (10), permit consideration of the
scheduled matter at the Closed Meeting.
Commissioner Gallagher, as duty
officer, voted to consider the items
listed for the Closed Meeting in closed
session.
The subject matter of the Closed
Meeting will be:
Institution and settlement of
injunctive actions;
Institution settlement of
administrative proceedings;
Adjudicatory matter;
Other matters relating to enforcement
proceedings.
18:05 Oct 20, 2014
Jkt 235001
Dated: October 16, 2014.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–25084 Filed 10–17–14; 11:15 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–73358; File No. SR–NSCC–
2014–09]
Self-Regulatory Organizations;
National Securities Clearing
Corporation; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend Rule 52
(Mutual Fund Services) and Addendum
A (Fee Structure) With Respect to the
DTCC Payment aXis Service, and To
Make Certain Technical Changes
October 15, 2014.
Sunshine Act Meeting
VerDate Sep<11>2014
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
For further information and to
ascertain what, if any, matters have been
added, deleted or postponed, please
contact the Office of the Secretary at
(202) 551–5400.
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 October
2, 2014, National Securities Clearing
Corporation (‘‘NSCC’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I, II and III
below, which Items have been prepared
by NSCC. NSCC filed the proposed rule
change pursuant to Section 19(b)(3)(A) 3
of the Act and Rule 19b-4(f)(2) 4 and (4) 5
thereunder. The proposed rule change
was effective upon filing with the
Commission. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Clearing Agency’s Statement of the
Terms of Substance of the Proposed
Rule Change
The proposed rule change consists of
amendments to Rule 52 (Mutual Fund
Services) and Addendum A (Fee
Structure) of NSCC’s Rules & Procedures
with respect to the DTCC Payment aXis
service, and certain technical changes in
connection therewith, as more fully
described below. The text of the
proposed rule change is available on
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(2).
5 17 CFR 240.19b–4(f)(4).
2 17
PO 00000
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62977
NSCC’s Web site at https://www.dtcc.
com/legal/sec-rule-filings.aspx, at the
principal office of NSCC, and at the
Commission’s Public Reference Room.
II. Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
In its filing with the Commission,
NSCC included statements concerning
the purpose of and basis for the
proposed rule change and discussed any
comments it received on the proposed
rule change. The text of these statements
may be examined at the places specified
in Item IV below. NSCC has prepared
summaries, set forth in sections A, B,
and C below, of the most significant
aspects of such statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
(1) Statement of Purpose
Background. NSCC’s DTCC Payment
aXis service (‘‘Service’’) 6 was initially
approved by the Commission on
December 9, 1992 (‘‘1992 Rule Filing’’).7
In the 1992 Rule Filing, NSCC described
that the new service would provide for
the automation of payments of
commissions owed in respect of mutual
fund transactions between fund
companies (‘‘Funds’’) and their retail
broker-dealers (‘‘Distributors’’) and that
NSCC’s role in this new commission
service would be to transmit data
between the Funds (i.e., the commission
payers) and the Distributors (i.e., the
commission receivers). In 2005, NSCC
expanded the scope of the Service to
permit Distributors to transmit fee data
through NSCC to other Distributors, and
to settle the fee payments in respect
thereof, expanding the Service to allow
for more than the exchange of
commission-related information from
Funds to Distributors.8
On October 22, 2012, NSCC filed a
proposed rule change (‘‘2012 Rule
Filing’’),9 which, in particular and
relevant to the current proposed rule
change, introduced a unique data
processing flow to the Service.10 In the
6 The Service was formerly known as ‘‘Mutual
Fund Commission Settlement’’.
7 Securities Exchange Act Release No. 31579
(December 9, 1992), 57 FR 60017 (December 17,
1992) (SR–NSCC–1992–13).
8 See Securities Exchange Act Release No. 52458
(September 16, 2005), 70 FR 56200 (September 26,
2005) (SR–NSCC–2005–10).
9 Securities Exchange Act Release No. 68159
(November 5, 2012), 77 FR 67410 (November 9,
2012) (SR–NSCC–2012–08).
10 The 2012 Rule Filing also (i) renamed the
Service from ‘‘Mutual Fund Commission
Settlement’’ to the current ‘‘DTCC Payment aXis’’,
Continued
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[Federal Register Volume 79, Number 203 (Tuesday, October 21, 2014)]
[Notices]
[Page 62977]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-25084]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to the provisions of the
Government in the Sunshine Act, Public Law 94-409, that the Securities
and Exchange Commission will hold a Closed Meeting on Thursday, October
23, 2014 at 2:00 p.m.
Commissioners, Counsel to the Commissioners, the Secretary to the
Commission, and recording secretaries will attend the Closed Meeting.
Certain staff members who have an interest in the matters also may be
present.
The General Counsel of the Commission, or her designee, has
certified that, in her opinion, one or more of the exemptions set forth
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR
200.402(a)(3), (5), (7), 9(ii) and (10), permit consideration of the
scheduled matter at the Closed Meeting.
Commissioner Gallagher, as duty officer, voted to consider the
items listed for the Closed Meeting in closed session.
The subject matter of the Closed Meeting will be:
Institution and settlement of injunctive actions;
Institution settlement of administrative proceedings;
Adjudicatory matter;
Other matters relating to enforcement proceedings.
At times, changes in Commission priorities require alterations in
the scheduling of meeting items.
For further information and to ascertain what, if any, matters have
been added, deleted or postponed, please contact the Office of the
Secretary at (202) 551-5400.
Dated: October 16, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-25084 Filed 10-17-14; 11:15 am]
BILLING CODE 8011-01-P
