Notice of Federal Advisory Committee Establishment; Equity Market Structure Advisory Committee, 3673-3674 [2015-01159]

Download as PDF Federal Register / Vol. 80, No. 15 / Friday, January 23, 2015 / Notices 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. tkelley on DSK3SPTVN1PROD with NOTICES Extension: Rules 17Ad–6 and 17Ad–7. SEC File No. 270–151, OMB Control No. 3235–0291. 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 existing collection of information provided for in Rule 17Ad–6 (17 CFR 240.17Ad–6) and Rule 17Ad–7 (17 CFR 240.17Ad–7) under 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 17Ad–6 requires every registered transfer agent to make and keep current records about a variety of information, such as: (1) Specific operational data regarding the time taken to perform transfer agent activities (to ensure compliance with the minimum performance standards in Rule 17Ad–2 (17 CFR 240.17Ad–2)); (2) written inquiries and requests by shareholders and broker-dealers and response time thereto; (3) resolutions, contracts, or other supporting documents concerning the appointment or termination of the transfer agent; (4) stop orders or notices of adverse claims to the securities; and (5) all canceled registered securities certificates. Rule 17Ad–7 requires each registered transfer agent to retain the records specified in Rule 17Ad–6 in an easily accessible place for a period of six months to six years, depending on the type of record or document. Rule 17Ad– 7 also specifies the manner in which records may be maintained using electronic, microfilm, and microfiche storage methods. These recordkeeping requirements are designed to ensure that all registered transfer agents are maintaining the records necessary for them to monitor and keep control over their own performance and for the Commission to adequately examine registered transfer agents on an historical basis for compliance with applicable rules. The Commission estimates that approximately 429 registered transfer agents will spend a total of 214,500 VerDate Sep<11>2014 18:05 Jan 22, 2015 Jkt 235001 hours per year complying with Rules 17Ad–6 and 17Ad–7 (500 hours per year per transfer agent). 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 on respondents; 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: Pamela Dyson, Acting 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: January 16, 2015. Brent J. Fields, Secretary. [FR Doc. 2015–01077 Filed 1–22–15; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–74092; File No. 265–29] Notice of Federal Advisory Committee Establishment; Equity Market Structure Advisory Committee Securities and Exchange Commission. ACTION: Notice of Federal Advisory Committee Establishment. AGENCY: The Securities and Exchange Commission intends to establish the Securities and Exchange Commission Equity Market Structure Advisory Committee. SUMMARY: Written comments may be submitted by the following methods: ADDRESSES: Electronic Comments • Use the Commission’s Internet submission form (https://www.sec.gov/ rules/other.shtml); or PO 00000 Frm 00127 Fmt 4703 Sfmt 4703 3673 • Send an email message to rulecomments@sec.gov, including File No. 265–29 on the subject line. Paper Comments • Send paper comments to Brent J. Fields, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. All submissions should refer to File No. 265–29. To help us process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https:// www.sec.gov/rules/other.shtml). Comments also will be available for Web site viewing and printing in the Commission’s Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. All comments received will be posted without change; we do not edit personal identifying information from your submissions. You should submit only information that you wish to make available publicly. FOR FURTHER INFORMATION CONTACT: Arisa Tinaves, Special Counsel, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–3628, (202) 551–5676. SUPPLEMENTARY INFORMATION: In accordance with the requirements of the Federal Advisory Committee Act, 5 U.S.C.—App., the Commission is publishing this notice that the Chair of the Commission, with the concurrence of the other Commissioners, intends to establish the Securities and Exchange Commission Equity Market Structure Advisory Committee (the ‘‘Committee’’). The Committee’s objective is to provide the Commission with diverse perspectives on the structure and operations of the U.S. equities markets, as well as advice and recommendations on matters related to equity market structure. No more than seventeen voting members will be appointed to the Committee. Such members shall represent a cross-section of those directly affected by, interested in, and/ or qualified to provide advice to the Commission on matters related to equity market structure. The Committee’s membership will be balanced fairly in terms of points of view represented and functions to be performed. The Committee may be established 15 days after publication of this notice in the Federal Register by filing a charter for the Committee with the Committee on Banking, Housing, and Urban Affairs of the United States Senate, the Committee on Financial Services of the E:\FR\FM\23JAN1.SGM 23JAN1 3674 Federal Register / Vol. 80, No. 15 / Friday, January 23, 2015 / Notices United States House of Representatives, and the Committee Management Secretariat of the General Services Administration. A copy of the charter as so filed also will be filed with the Chair of the Commission, furnished to the Library of Congress, and posted on the Commission’s Web site at www.sec.gov. The Committee will operate for two years from the date the charter is filed with the appropriate entities unless the Commission directs that the Committee terminate on an earlier date. Prior to the expiration of this two-year period, the Committee’s charter may be reestablished or renewed in accordance with the Federal Advisory Committee Act. The Committee will meet at such intervals as are necessary to carry out its functions. The charter contemplates that the full Committee will meet four times annually. Meetings of subgroups or subcommittees of the full Committee may occur more frequently. The charter will provide that the duties of the Committee are to be solely advisory. The Commission alone will make any determinations of action to be taken and policy to be expressed with respect to matters within the Commission’s authority as to which the Committee provides advice or makes recommendations. The Chair of the Commission affirms that the establishment of the Committee is necessary and in the public interest. Dated: January 20, 2015. By the Commission. Brent J. Fields, Secretary. [FR Doc. 2015–01159 Filed 1–22–15; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–74076; File No. SR–EDGA– 2015–02] Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Clarify the Use of Certain Data Feeds tkelley on DSK3SPTVN1PROD with NOTICES January 15, 2015. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that, on January 7, 2015, EDGA Exchange, Inc. (the ‘‘Exchange’’ or ‘‘EDGA’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule 1 15 2 17 U.S.C. 78s(b)(1). CFR 240.19b–4. VerDate Sep<11>2014 18:05 Jan 22, 2015 Jkt 235001 change as described in Items I and II below, which Items have been prepared by the self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange filed a proposal to amend certain rules to adopt or align system functionality with that currently offered by BATS Exchange, Inc. (‘‘BZX’’) and BATS Y-Exchange, Inc. (‘‘BYX’’, and collectively with BZX, ‘‘BATS’’) in order to provide a consistent technology offering amongst the Exchange and its affiliates. These changes, which are described in detail below, propose to clarify for Members 3 and non-Members the Exchange’s use of certain data feeds for order handling and execution, order routing, and regulatory compliance. On July 15, 2014, the Exchange filed a proposed rule change that described its use of data feeds for order handling and execution, order routing, and regulatory compliance (the ‘‘Initial Proposal’’) with the Commission.4 The Exchange submits this supplemental filing in order to specify for Members and non-Members the Exchange’s use of certain data feeds in connection with the technology migration described in further detail below.5 The text of the proposed rule change is available at the Exchange’s Web site at https://www.directedge.com/, at the principal office of the Exchange, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed 3 The term ‘‘Member’’ is defined as ‘‘any registered broker or dealer, or any person associated with a registered broker or dealer, that has been admitted to membership in the Exchange. A Member will have the status of a ‘‘member’’ of the Exchange as that term is defined in Section 3(a)(3) of the Act.’’ See Exchange Rule 1.5(n). 4 See Securities Exchange Act Release No. 72682 (July 28, 2014), 79 FR 44938 (August 1, 2014) (SR– EDGA–2014–17). Other national securities exchange filed similar proposals. See e.g., Securities Exchange Act Release Nos. 72710 (July 29, 2014), 79 FR 45511 (August 5, 2014) (SR–NYSE–2014–38), and 72684 (July 28, 2014), 79 FR44956 (August 1, 2014) (SR–NASDAQ–2014–072). 5 The Exchange understands that other national security exchanges will file similar proposed rule changes with the Commission to further describe their use of data feeds for order handling and execution, order routing, and regulatory compliance. PO 00000 Frm 00128 Fmt 4703 Sfmt 4703 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. The Exchange has prepared summaries, set forth in Sections A, B, and C below, of the most significant parts of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose Background On June 5, 2014, Chair White requested that all national securities exchanges develop proposed rule changes to disclose their use of data feeds to execute and route orders and comply with regulatory requirements.6 In addition, on June 20, 2014, the Commission’s Division of Trading and Markets requested that the Exchange file proposed rule changes that disclose its usage of particular market data feeds, among other things.7 In response to these requests, the Exchange filed the Initial Proposal with the Commission on July 15, 2014.8 The Exchange submits this supplemental filing to describe the Exchange’s use of certain data feeds for order handling and execution, order routing, and regulatory compliance in connection with the technology migration described in further detail below.9 Technology Migration Earlier this year, the Exchange and its affiliate EDGX Exchange, Inc. (‘‘EDGX’’) received approval to effect a merger (the ‘‘Merger’’) of the Exchange’s parent company, Direct Edge Holdings LLC, with BATS Global Markets, Inc., the parent company of BATS (the Exchange, together with BZX, BYX and EDGX, the ‘‘BGM Affiliated Exchanges’’).10 In the context of the Merger, the BGM Affiliated Exchanges are working to migrate EDGA and EDGX onto the BATS technology platform, and align certain system functionality, retaining only 6 See Mary Jo White, Chair, Securities and Exchange Commission, Speech at Sandler O’Neill & Partners L.P. Global Exchange and Brokerage Conference (June 5, 2014). 7 See letter from Stephen Luparello, Director, Division of Trading and Markets, Securities and Exchange Commission, to Joe Ratterman, Chief Executive Officer, BATS Global Markets, Inc., dated June 20, 2014. 8 See supra note 6. 9 See supra note 7. 10 See Securities Exchange Act Release No. 71449 (January 30, 2014), 79 FR 6961 (February 5, 2014) (SR–EDGX–2013–43; SR–EDGA–2013–34). E:\FR\FM\23JAN1.SGM 23JAN1

Agencies

[Federal Register Volume 80, Number 15 (Friday, January 23, 2015)]
[Notices]
[Pages 3673-3674]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-01159]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-74092; File No. 265-29]


Notice of Federal Advisory Committee Establishment; Equity Market 
Structure Advisory Committee

AGENCY: Securities and Exchange Commission.

ACTION: Notice of Federal Advisory Committee Establishment.

-----------------------------------------------------------------------

SUMMARY: The Securities and Exchange Commission intends to establish 
the Securities and Exchange Commission Equity Market Structure Advisory 
Committee.

ADDRESSES: Written comments may be submitted by the following methods:

Electronic Comments

     Use the Commission's Internet submission form (https://www.sec.gov/rules/other.shtml); or
     Send an email message to rule-comments@sec.gov, including 
File No. 265-29 on the subject line.

Paper Comments

     Send paper comments to Brent J. Fields, Securities and 
Exchange Commission, 100 F Street NE., Washington, DC 20549-1090.

All submissions should refer to File No. 265-29. To help us process and 
review your comments more efficiently, please use only one method. The 
Commission will post all comments on the Commission's Internet Web site 
(https://www.sec.gov/rules/other.shtml). Comments also will be available 
for Web site viewing and printing in the Commission's Public Reference 
Room, 100 F Street NE., Washington, DC 20549, on official business days 
between the hours of 10:00 a.m. and 3:00 p.m. All comments received 
will be posted without change; we do not edit personal identifying 
information from your submissions. You should submit only information 
that you wish to make available publicly.

FOR FURTHER INFORMATION CONTACT: Arisa Tinaves, Special Counsel, 
Securities and Exchange Commission, 100 F Street NE., Washington, DC 
20549-3628, (202) 551-5676.

SUPPLEMENTARY INFORMATION: In accordance with the requirements of the 
Federal Advisory Committee Act, 5 U.S.C.--App., the Commission is 
publishing this notice that the Chair of the Commission, with the 
concurrence of the other Commissioners, intends to establish the 
Securities and Exchange Commission Equity Market Structure Advisory 
Committee (the ``Committee''). The Committee's objective is to provide 
the Commission with diverse perspectives on the structure and 
operations of the U.S. equities markets, as well as advice and 
recommendations on matters related to equity market structure.
    No more than seventeen voting members will be appointed to the 
Committee. Such members shall represent a cross-section of those 
directly affected by, interested in, and/or qualified to provide advice 
to the Commission on matters related to equity market structure. The 
Committee's membership will be balanced fairly in terms of points of 
view represented and functions to be performed.
    The Committee may be established 15 days after publication of this 
notice in the Federal Register by filing a charter for the Committee 
with the Committee on Banking, Housing, and Urban Affairs of the United 
States Senate, the Committee on Financial Services of the

[[Page 3674]]

United States House of Representatives, and the Committee Management 
Secretariat of the General Services Administration. A copy of the 
charter as so filed also will be filed with the Chair of the 
Commission, furnished to the Library of Congress, and posted on the 
Commission's Web site at www.sec.gov.
    The Committee will operate for two years from the date the charter 
is filed with the appropriate entities unless the Commission directs 
that the Committee terminate on an earlier date. Prior to the 
expiration of this two-year period, the Committee's charter may be re-
established or renewed in accordance with the Federal Advisory 
Committee Act.
    The Committee will meet at such intervals as are necessary to carry 
out its functions. The charter contemplates that the full Committee 
will meet four times annually. Meetings of subgroups or subcommittees 
of the full Committee may occur more frequently.
    The charter will provide that the duties of the Committee are to be 
solely advisory. The Commission alone will make any determinations of 
action to be taken and policy to be expressed with respect to matters 
within the Commission's authority as to which the Committee provides 
advice or makes recommendations. The Chair of the Commission affirms 
that the establishment of the Committee is necessary and in the public 
interest.

    Dated: January 20, 2015.

    By the Commission.
Brent J. Fields,
Secretary.
[FR Doc. 2015-01159 Filed 1-22-15; 8:45 am]
BILLING CODE 8011-01-P
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