Submission for OMB Review; Comment Request, 20544 [2015-08694]

Download as PDF 20544 Federal Register / Vol. 80, No. 73 / Thursday, April 16, 2015 / Notices Dated: April 10, 2015. Brent J. Fields, Secretary. SECURITIES AND EXCHANGE COMMISSION Submission for OMB Review; Comment Request [FR Doc. 2015–08694 Filed 4–15–15; 8:45 am] BILLING CODE 8011–01–P 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: Form 10–Q. SEC File No. 270–49, OMB Control No. 3235–0070. 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’’) has submitted to the Office of Management and Budget this request for extension of the previously approved collection of information discussed below. Form 10–Q (17 CFR 249.308a) is filed by issuers of securities to satisfy their quarterly reporting obligations pursuant to Sections 13(a) or 15(d) of the Exchange Act (‘‘Exchange Act’’)(15 U.S.C. 78m and 78o(d)). The information provided by Form 10–Q is intended to help ensure the adequacy of information available to investors about an issuer. Form 10–Q takes approximately 187.43 hours per response to prepare. Approximately 22,907 Forms 10–Q are filed with the Commission annually. We estimate that 75% of the approximately 187.43 hours per response (140.57 hours) is prepared by the company for an annual reporting burden of 3,220,037 hours (140.57 hours per response × 22,907 responses). 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. The public may view the background documentation for this information collection at the following Web site, www.reginfo.gov . Comments should be directed to: (i) Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503, or by sending an email to: Shagufta_ Ahmed@omb.eop.gov; and (ii) Pamela Dyson, 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: PRA_Mailbox@ sec.gov. Comments must be submitted to OMB within 30 days of this notice. VerDate Sep<11>2014 16:48 Apr 15, 2015 Jkt 235001 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–74702; File No. SR–BATS– 2015–31] Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend Rule 11.23, ‘‘Auctions’’ April 10, 2015. 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 April 1, 2015, BATS Exchange, Inc. (the ‘‘Exchange’’ or ‘‘BATS’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Exchange has designated this proposal as a ‘‘non-controversial’’ proposed rule change pursuant to Section 19(b)(3)(A) of the Act 3 and Rule 19b–4(f)(6) thereunder,4 which renders it effective upon filing with the Commission. 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 Rule 11.23, entitled ‘‘Auctions.’’ The text of the proposed rule change is available at the Exchange’s Web site at www.batstrading.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 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 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)(6)(iii). 2 17 PO 00000 Frm 00080 Fmt 4703 Sfmt 4703 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 The Exchange proposes to make several changes to Rule 11.23 in order to improve the Exchange auction process. Specifically, the Exchange is proposing to make several minor changes to Rule 11.23, which include: (i) To eliminate from each of the Opening Auction, Closing Auction, IPO and Halt Auction, and Volatility Closing Auction the language stating that an auction will occur at the price of the Volume Based Tie Breaker (or ‘‘VBTB’’),5 Final Last Sale Eligible Trade,6 or issuing price, as applicable, where no limit orders from one or both sides would participate in the auction; (ii) to amend the definition of Volume Based Tie Breaker; (iii) to amend the definition of Reference Price Range; 7 (iv) to amend the definition of LateLimit-On-Close 8 (‘‘LLOC’’) and LateLimit-On-Open 9 (‘‘LLOO’’); and (v) to make a non-substantive change to delete the definitions of ZBB,10 ZBO,11 and ZBBO.12 Limit Order Participation Currently, each of Rules 11.23(b)(2)(B), (c)(2)(B), (d)(2)(C), and (e)(2)(B) contain language that provides an alternate price at which an auction will occur where no limit orders from one or both sides (the buy side, the sell side, or both the buy and sell side) would otherwise participate in an auction (an ‘‘Alternate Price’’). For Opening and Closing Auctions the Alternate Price is the Volume Based Tie Breaker; for Halt and Volatility Closing Auctions the Alternate Price is the Final Last Sale Eligible Trade; and for IPO Auctions the Alternate Price is the issuing price. While the Exchange added the Alternate Price requirement in order to ensure that, for auctions with minimal liquidity, either limit orders were participating in the auction and would aid in price discovery or that the auction would occur at a predetermined price, this protection has, 5 As defined in BATS Rule 11.23(a)(23). defined in BATS Rule 11.23(a)(9). 7 As defined in BATS Rule 11.23(a)(20). 8 As defined in BATS Rule 11.23(a)(11). 9 As defined in BATS Rule 11.23(a)(12). 10 As defined in BATS Rule 11.23(a)(24). 11 Id. 12 Id. 6 As E:\FR\FM\16APN1.SGM 16APN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 80, Number 73 (Thursday, April 16, 2015)]
[Notices]
[Page 20544]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-08694]



[[Page 20544]]

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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; 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:

    Form 10-Q. SEC File No. 270-49, OMB Control No. 3235-0070.

    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'') has submitted to the Office of Management 
and Budget this request for extension of the previously approved 
collection of information discussed below.
    Form 10-Q (17 CFR 249.308a) is filed by issuers of securities to 
satisfy their quarterly reporting obligations pursuant to Sections 
13(a) or 15(d) of the Exchange Act (``Exchange Act'')(15 U.S.C. 78m and 
78o(d)). The information provided by Form 10-Q is intended to help 
ensure the adequacy of information available to investors about an 
issuer. Form 10-Q takes approximately 187.43 hours per response to 
prepare. Approximately 22,907 Forms 10-Q are filed with the Commission 
annually. We estimate that 75% of the approximately 187.43 hours per 
response (140.57 hours) is prepared by the company for an annual 
reporting burden of 3,220,037 hours (140.57 hours per response x 22,907 
responses).
    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.
    The public may view the background documentation for this 
information collection at the following Web site, www.reginfo.gov . 
Comments should be directed to: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503, or by sending an email to: 
Shagufta_Ahmed@omb.eop.gov; and (ii) Pamela Dyson, 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: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: April 10, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-08694 Filed 4-15-15; 8:45 am]
 BILLING CODE 8011-01-P

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