Sunshine Act Meeting., 23307-23308 [2015-09789]

Download as PDF 23307 Federal Register / Vol. 80, No. 80 / Monday, April 27, 2015 / Notices For the Nuclear Regulatory Commission. Tremaine Donnell, NRC Clearance Officer, Office of Information Services. [FR Doc. 2015–09718 Filed 4–24–15; 8:45 am] BILLING CODE 7590–01–P RAILROAD RETIREMENT BOARD Proposed Collection; Comment Request Summary: In accordance with the requirement of Section 3506 (c)(2)(A) of the Paperwork Reduction Act of 1995 which provides opportunity for public comment on new or revised data collections, the Railroad Retirement Board (RRB) will publish periodic summaries of proposed data collections. Comments are invited on: (a) Whether the proposed information collection is necessary for the proper performance of the functions of the agency, including whether the information has practical utility; (b) the accuracy of the RRB’s estimate of the burden of the collection of the information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden related to the collection of information on respondents, including the use of automated collection techniques or other forms of information technology. Title and purpose of information collection: Railroad Separation Allowance or Severance Pay Report; OMB 3220–0173. Section 6 of the Railroad Retirement Act provides for a lump-sum payment to an employee or the employee’s survivors equal to the Tier II taxes paid by the employee on a separation allowance or severance payment for which the employee did not receive credits toward retirement. The lumpsum is not payable until retirement benefits begin to accrue or the employee dies. Also, Section 4 (a–1)(iii) of the Railroad Unemployment Insurance Act provides that a railroad employee who is paid a separation allowance is disqualified for unemployment and sickness benefits for the period of time the employee would have to work to earn the amount of the allowance. The reporting requirements are specified in 20 CFR 209.14. In order to calculate and provide payments, the Railroad Retirement Board (RRB) must collect and maintain records of separation allowances and severance payments which were subject to Tier II taxation from railroad employers. The RRB uses Form BA–9, Report of Separation Allowance or Severance Pay, to obtain information from railroad employers concerning the separation allowances and severance payments made to railroad employees and/or the survivors of railroad employees. Employers currently have the option of submitting their reports on paper Form BA–9, (or in like format) on a CD–ROM disk, or by File Transfer Protocol (FTP), or secure Email. Completion is mandatory. One response is requested of each respondent. The RRB proposes the implementation of an Internet equivalent version of Form BA– 9 that can be submitted through the RRB’s Employer Reporting System (ERS). No other changes are proposed. ESTIMATE OF ANNUAL RESPONDENT BURDEN [The estimated annual respondent burden is as follows] Annual responses Form number BA–9 BA–9 BA–9 BA–9 BA–9 Time (minutes) Burden (hours) (Paper) ............................................................................................................................... (Internet) ............................................................................................................................ (CD–ROM) ......................................................................................................................... (secure Email) .................................................................................................................... (FTP) .................................................................................................................................. 100 215 10 25 10 76 15 76 76 76 127 54 13 32 13 Total ...................................................................................................................................... 360 ........................ 239 Rmajette on DSK2VPTVN1PROD with NOTICES Additional Information or Comments: To request more information or to obtain a copy of the information collection justification, forms, and/or supporting material, contact Dana Hickman at (312) 751–4981 or Dana.Hickman@RRB.GOV. Comments regarding the information collection should be addressed to Charles Mierzwa, Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois 60611–2092 or emailed to Charles.Mierzwa@RRB.GOV. Written comments should be received within 60 days of this notice. Charles Mierzwa, Chief of Information Resources Management. [FR Doc. 2015–09682 Filed 4–24–15; 8:45 am] BILLING CODE 7905–01–P VerDate Sep<11>2014 14:41 Apr 24, 2015 Jkt 235001 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 an Open Meeting on Wednesday, April 29, 2015 at 10:00 a.m., in the Auditorium, Room L–002. The subject matter of the Open Meeting will be: • The Commission will consider whether to propose amendments and repropose a rule under the Securities Exchange Act of 1934 (‘‘Exchange Act’’) governing the application of certain Title VII requirements to security-based swap transactions connected with a non-U.S. person’s dealing activity that are arranged, negotiated, or executed by personnel located in a U.S. branch or PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 office or in a U.S. branch or office of an agent. • The Commission will consider whether to propose amendments under Section 14(i) of the Exchange Act, as added by Section 953(a) of the DoddFrank Wall Street Reform and Consumer Protection Act, requiring registrants to disclose in a clear manner the relationship between executive compensation actually paid and the financial performance of the registrant. 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. E:\FR\FM\27APN1.SGM 27APN1 23308 Federal Register / Vol. 80, No. 80 / Monday, April 27, 2015 / Notices Dated: April 22, 2015. Brent J. Fields, Secretary. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change [FR Doc. 2015–09789 Filed 4–23–15; 11:15 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–74771; File No. SR–ISE Gemini–2015–10) Self-Regulatory Organizations; ISE Gemini, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Its Information Barrier Rules April 21, 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 April 9, 2015 ISE Gemini, LLC (the ‘‘Exchange’’ or the ‘‘ISE Gemini’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the proposed rule change, as described in Items I, II, and III 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 ISE Gemini is proposing to amend its Rules 810 (Limitations on Dealings) and 717 (Limitations on Orders). The text of the proposed rule change is available on the Exchange’s Web site (https:// www.ise.com), at the principal office of the Exchange, and at the Commission’s Public Reference Room. Rmajette on DSK2VPTVN1PROD with NOTICES 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 self-regulatory organization 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 self-regulatory organization has prepared summaries, set forth in sections A, B and C below, of the most significant aspects of such statements. 1 15 2 17 U.S.C. 78s(b)(1). CFR 240.19b–4. VerDate Sep<11>2014 14:41 Apr 24, 2015 Jkt 235001 1. Purpose The Exchange is proposing to amend its Rules 810 (Limitations on Dealings) and 717 (Limitations on Orders) governing information barriers. Specifically, the Exchange is proposing to amend the portion of the rules that address the limitation on the flow of information between a member’s Electronic Access Member (‘‘EAM’’) unit, which handles the customer/ agency side of the business, and its affiliated Primary Market Maker (‘‘PMM’’) and/or Competitive Market Maker (‘‘CMM’’) (jointly, ‘‘market makers’’) unit, which handles the proprietary side of the business. The International Securities Exchange, LLC (‘‘ISE’’) recently amended its Rule 810 to allow EAMs to know where and at what price its affiliated market makers are either quoting or have orders on the order book 3 and to use that information to influence their routing decisions.4 As such, an EAM may route an order that it is handling on an agency basis to the ISE where its affiliated market maker is either quoting or has an order on the order book so that the two orders immediately interact. ISE Gemini is now proposing to adopt the same change. The proposal is designed to be consistent with the protections against the misuse of material nonpublic information,5 [sic] should be able to consider the outstanding quotes of their affiliated marker [sic] maker units for the purposes of calculating net positions and making routing decisions to increase the member’s interaction rate between its EAM unit and affiliated market making unit(s). This proposal, in tandem with existing ISE Gemini conduct rules,6 ISE Gemini’s review and approval of the information barrier 3 According to Rule 805(b)(1)(i) and (ii) market makers may only have orders on the order book in option classes to which they are not appointed. 4 See Securities Exchange Act Release No. 74521 (March 7, 2015), 80 FR 15262 (March 23, 2015) (SR– ISE–2014–43). 5 See, e.g., 15 U.S.C. 78o(g). Section 15(g) of the Securities and Exchange Act of 1934 (the ‘‘Act’’) requires every broker or dealer to ‘‘establish, maintain, and enforce written policies and procedures reasonably designed, taking into consideration the nature of such broker’s or dealer’s business, to prevent the misuse. . .of material, nonpublic information by such broker or dealer or any person associated with such broker or dealer.’’ 6 See, e.g., ISE Rules 400 (Just and Equitable Principles of Trade), 401 (Adherence to Law), 405 (Manipulation), 408 (Prevention of the Misuse of Material, Nonpublic Information) and 713 (Priority of Quotes and Orders). PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 procedures submitted by market makers that will be conducting Other Business Activities,7 ISE Gemini’s ongoing surveillances for manipulative conduct, and FINRA’s exam program that reviews such members [sic] compliance with such policies and procedures, should provide a regulatory framework that guards customer interests and protects against the misuse of material nonpublic information, while increasing the operational flexibility of ISE Gemini’s members. ISE Gemini notes that nothing in this proposed rule change would relieve members of their best execution obligation to obtain the most favorable terms reasonably available for customer orders. As a national securities exchange, ISE Gemini has a comprehensive surveillance program to monitor member compliance with applicable rules and regulations, including best execution. The Exchange will continue to monitor for abnormalities in interaction rates between members, and investigate and take appropriate regulatory action against members that fail to comply with their best execution obligations. With this proposed rule change, the EAM unit of a member will only have access to orders and quotes that are publicly available to all market participants. The proposed rule change will not permit the EAM unit of a member to have access to any nonpublic order or quote information of the affiliated market maker, including hidden or undisplayed size or price information of such orders and quotes. Market makers are not allowed to post hidden or undisplayed orders and quotes on the Exchange. Additionally, members do not expect to receive any additional order or quote information as a result of this proposed rule change. ISE Gemini Rule 717(d) and (e) requires members to expose certain orders entered on the limit order book for at least one second before executing them as principal or against orders that were solicited from other broker-dealers. This requirement applies when the EAM is handling both sides of a trade and not when an EAM is handling a marketable order as agent and is routing that order to execute against a quote/ order resting on the order book. Accordingly, when customer order(s) that an EAM is handling as agent 7 ISE Rule 810 defines ‘‘Other Business Activities’’ as meaning, (1) conducting an investment or banking or public securities business; (2) making markets in the stocks underlying the options in which it makes markets; (3) handling listed options orders as agent on behalf of Public Customers or broker-dealers; or (4) conducting nonmarket making proprietary listed options trading activities. E:\FR\FM\27APN1.SGM 27APN1

Agencies

[Federal Register Volume 80, Number 80 (Monday, April 27, 2015)]
[Notices]
[Pages 23307-23308]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-09789]


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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 an Open Meeting on Wednesday, April 
29, 2015 at 10:00 a.m., in the Auditorium, Room L-002.
    The subject matter of the Open Meeting will be:
     The Commission will consider whether to propose amendments 
and re-propose a rule under the Securities Exchange Act of 1934 
(``Exchange Act'') governing the application of certain Title VII 
requirements to security-based swap transactions connected with a non-
U.S. person's dealing activity that are arranged, negotiated, or 
executed by personnel located in a U.S. branch or office or in a U.S. 
branch or office of an agent.
     The Commission will consider whether to propose amendments 
under Section 14(i) of the Exchange Act, as added by Section 953(a) of 
the Dodd-Frank Wall Street Reform and Consumer Protection Act, 
requiring registrants to disclose in a clear manner the relationship 
between executive compensation actually paid and the financial 
performance of the registrant.
    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.


[[Page 23308]]


    Dated: April 22, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-09789 Filed 4-23-15; 11:15 am]
BILLING CODE 8011-01-P
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