Submission for OMB Review; Comment Request, 66887-66888 [2012-27138]
Download as PDF
<![CDATA[
Federal Register / Vol. 77, No. 216 / Wednesday, November 7, 2012 / Notices
annual hourly burden to the entire
transfer agent industry is approximately
six hours (30 minutes multiplied by 12
reports). Assuming an average hourly
rate of a transfer agent staff employee of
$25, the average total internal cost of the
report is $12.50. The total annual
internal cost of compliance for the
approximate 10 respondents is
approximately $150.00 (12 reports x
$12.50).
The retention period for the
recordkeeping requirement under Rule
17Ad–11 is three years following the
date of a report prepared pursuant to the
rule. The recordkeeping requirement
under Rule 17Ad–11 is mandatory to
assist the Commission and other
regulatory agencies with monitoring
transfer agents and ensuring compliance
with the rule. This rule does not involve
the collection of confidential
information.
The Commission may not conduct or
sponsor a collection of information
unless it displays a currently valid OMB
control number. No person shall be
subject to any penalty for failing to
comply with a collection of information
subject to the PRA that does not display
a valid OMB control number.
Background documentation for this
information collection may be viewed 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: (i)
Shagufta_Ahmed@comb.eop.gov; and
(ii) Thomas Bayer, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 6432 General Green Way,
Alexandria, Virginia 22312 or send an
email to PRA_Mailbox@sec.gov.
Comments must be submitted to OMB
within 30 days of this notice.
Dated: October 29, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–27133 Filed 11–6–12; 8:45 am]
BILLING CODE 8011–01–P
pmangrum on DSK3VPTVN1PROD with NOTICES
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
VerDate Mar<15>2010
15:43 Nov 06, 2012
Jkt 229001
Extension:
Form N–1A; OMB Control No. 3235–0307,
SEC File No. 270–21.
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 (the
‘‘Commission’’) is soliciting comments
on the collections of information
summarized below. The Commission
plans to submit these existing
collections of information to the Office
of Management and Budget (‘‘OMB’’) for
extension and approval.
Form N–1A (17 CFR 239.15A and
274.11A) is the form used by open-end
management investment companies
(‘‘funds’’) under the Investment
Company Act of 1940 (15 U.S.C. 80a–1
et seq.) (‘‘Investment Company Act’’)
and/or to register their securities under
the Securities Act of 1933 (15 U.S.C. 77a
et seq.) (‘‘Securities Act’’). Section 5 of
the Securities Act (15 U.S.C. 77e)
requires the filing of a registration
statement prior to the offer of securities
to the public and that the statement be
effective before any securities are sold,
and Section 8 of the Investment
Company Act (15 U.S.C. 80a–8) requires
a fund to register as an investment
company. Form N–1A also permits
funds to provide investors with a
prospectus and a statement of additional
information (‘‘SAI’’) covering essential
information about the fund when it
makes an initial or additional offering of
its securities. Section 5(b) of the
Securities Act requires that investors be
provided with a prospectus containing
the information required in a
registration statement prior to the sale or
at the time of confirmation or delivery
of the securities. The form also may be
used by the Commission in its
regulatory review, inspection, and
policy-making roles.
The Commission estimates that there
are 48 initial registration statements and
5,642 post-effective amendments to
initial registration statements filed on
Form N–1A annually and that the
average number of portfolios referenced
in initial registration statements is 7.5,
and the average number of portfolios
referenced in post-effective amendment
is 1.7. The Commission further
estimates that the hour burden for
preparing and filing a post-effective
amendment on Form N–1A is 133.75
hours per portfolio. The total annual
hour burden for preparing and filing
post-effective amendments is 1,279,720
hours (5,642 post-effective amendments
× 133.75 hours per portfolio). The
estimated annual hour burden for
preparing and filing initial registration
statements is 298,969 hours (48 initial
registration statements × 830.47 hours
PO 00000
Frm 00095
Fmt 4703
Sfmt 4703
66887
per portfolio). The total annual hour
burden for Form N–1A, therefore, is
estimated to be 1,578,689 hours
(1,279,720 hours + 298,969 hours).
The information collection
requirements imposed by Form N–1A
are mandatory. Responses to the
collection of information will not be
kept confidential. 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.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the 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.
Please direct your written comments
to Thomas Bayer, Chief Information
Officer, Securities and Exchange
Commission, c/o Remi Pavlik-Simon,
6432 General Green Way, Alexandria,
VA 22312; or send an email to:
PRA_Mailbox@sec.gov.
Dated: October 29, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–27139 Filed 11–6–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Voluntary XBRL-Related Documents; SEC
File No. 270–550, OMB Control No.
3235–0611.
Notice is hereby given that, under the
Paperwork Reduction Act of 1995 (44
U.S.C. 3501 et seq.) (‘‘Paperwork
Reduction Act’’), the Securities and
Exchange Commission (the
‘‘Commission’’) has submitted to the
Office of Management and Budget
E:\FR\FM\07NON1.SGM
07NON1
pmangrum on DSK3VPTVN1PROD with NOTICES
66888
Federal Register / Vol. 77, No. 216 / Wednesday, November 7, 2012 / Notices
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
As part of our evaluation of the
potential of interactive data tagging
technology, the Commission permits
registered investment companies
(‘‘funds’’) to submit on a voluntary basis
specified financial statement and
portfolio holdings disclosure tagged in
eXtensible Business Reporting Language
(‘‘XBRL’’) format as an exhibit to certain
filings on the Commission’s Electronic
Data Gathering, Analysis and Retrieval
System (‘‘EDGAR’’). The current
voluntary program permits any fund to
participate merely by submitting a
tagged exhibit in the required manner.
These exhibits are publicly available but
are considered furnished rather than
filed. The purpose of the collection of
information is to help evaluate the
usefulness of data tagging and XBRL to
registrants, investors, the Commission,
and the marketplace.
We estimate that no funds participate
in the voluntary program each year.
This information collection, therefore,
imposes no time burden; however, we
are requesting a one hour burden for
administrative purposes. We also
estimate that the information collection
imposes no cost burden.
Estimates of the average burden hours
and costs are made solely for the
purposes of the Paperwork Reduction
Act and are not derived from a
comprehensive or even representative
survey or study of the costs of
Commission rules and forms.
Participation in the program is
voluntary. Submissions under the
program will not be kept confidential.
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 OMB 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) Thomas
Bayer, Director/Chief Information
Officer, Securities and Exchange
Commission, c/o Remi Pavlik-Simon,
6432 General Green Way, Alexandria,
VA 22312; or send an email to: PRA_
Mailbox@sec.gov. Comments must be
submitted to OMB within 30 days of
this notice.
VerDate Mar<15>2010
15:43 Nov 06, 2012
Jkt 229001
Dated: October 29, 2012.
Kevin M. O’Neill,
Deputy Secretary.
of the most significant parts of such
statements.
[FR Doc. 2012–27138 Filed 11–6–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–68128; File No. SR–
NYSEMKT–2012–55]
Self-Regulatory Organizations; NYSE
MKT LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Amending Rule 968NY To
Allow for the Split-Price Priority
Provisions To Apply to Open Outcry
Trading of Cabinet Trades
November 1, 2012.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that on October
19, 2012, NYSE MKT LLC (the
‘‘Exchange’’ or ‘‘NYSE MKT’’) filed with
the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule 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 proposes to amend
Rule 968NY to allow for the split-price
priority provisions to apply to open
outcry trading of cabinet trades. The text
of the proposed rule change is available
on the Exchange’s Web site at
www.nyse.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
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 those 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,
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
PO 00000
Frm 00096
Fmt 4703
Sfmt 4703
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend
Rule 968NY to provide that the splitprice priority provisions in Rule
963NY(f) apply to accommodation
trades (‘‘cabinet trades’’) in open
outcry.4
An ‘‘accommodation’’ or ‘‘cabinet’’
trade refers to trades in listed options on
the Exchange that are worthless or not
4 See Rule 963NY(f). Rule 963NY(f) regarding
priority on split-price transaction occurring in open
outcry specifically provides the following: (1) If an
ATP Holder purchases (sells) one or more option
contracts of a particular series at a particular price
or prices, the ATP Holder must, at the next lower
(higher) price at which another ATP Holder bids
(offers), have priority in purchasing (selling) up to
the equivalent number of option contracts of the
same series that the ATP Holder purchased (sold)
at the higher (lower) price or prices, provided that
the ATP Holder’s bid (offer) is made promptly and
continuously and that the purchase (sale) so
effected represents the opposite side of a
transaction with the same order or offer (bid) as the
earlier purchase or purchases (sale or sales). This
paragraph only applies to transactions effected in
open outcry; (2) If an ATP Holder purchases (sells)
fifty or more option contracts of a particular series
at a particular price or prices, he/she shall, at the
next lower (higher) price have priority in
purchasing (selling) up to the equivalent number of
option contracts of the same series that he/she
purchased (sold) at the higher (lower) price or
prices, but only if his/her bid (offer) is made
promptly and the purchase (sale) so effected
represents the opposite side of the transaction with
the same order or offer (bid) as the earlier purchase
or purchases (sale or sales). The Exchange may
increase the ‘‘minimum qualifying order size’’
above 100 contracts for all products.
Announcements regarding changes to the minimum
qualifying order size shall be made via an Exchange
Bulletin. This paragraph only applies to
transactions effected in open outcry; (3) If the bids
or offers of two or more ATP Holder are both
entitled to priority in accordance with subsections
(1) or (2), it shall be afforded them, insofar as
practicable, on an equal basis.; (4) Except for the
provisions set forth in Rule 963NY(f)(2), the priority
afforded by this rule is effective only insofar as it
does not conflict with Customer limit orders
represented in the Consolidated Book. Such orders
have precedence over ATP Holders’ orders at a
particular price; Customer limit orders in the
Consolidated Book also have precedence over ATP
Holders’ orders that are not superior in price by at
least the MPV.; and (5) Floor Brokers are able to
achieve split price priority in accordance with
paragraphs (1) and (2) above.
Example: Market quote is $1.00–1.20, with
customer interest in the book at the offer price.
Floor Broker announces a market order to buy 100
contracts. Market Maker A (‘‘MM–A’’) is alone in
responding ‘‘Sell 50 at $1.15 and 50 at $1.20’’ (for
an equivalent net price of $1.175).
Because MM–A is willing to sell contracts at the
lower price of $1.15, MM–A then has priority over
all orders in the Book and trading crowd at the next
higher price, in this case 1.20, for an equal number
of contracts. The priority afforded by this provision
allows MM–A to trade ahead of any like priced
Customer orders in the Book.
E:\FR\FM\07NON1.SGM
07NON1
]]>Agencies
[Federal Register Volume 77, Number 216 (Wednesday, November 7, 2012)]
[Notices]
[Pages 66887-66888]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-27138]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon Written Request Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Voluntary XBRL-Related Documents; SEC File No. 270-550, OMB
Control No. 3235-0611.
Notice is hereby given that, under the Paperwork Reduction Act of
1995 (44 U.S.C. 3501 et seq.) (``Paperwork Reduction Act''), the
Securities and Exchange Commission (the ``Commission'') has submitted
to the Office of Management and Budget
[[Page 66888]]
(``OMB'') a request for extension of the previously approved collection
of information discussed below.
As part of our evaluation of the potential of interactive data
tagging technology, the Commission permits registered investment
companies (``funds'') to submit on a voluntary basis specified
financial statement and portfolio holdings disclosure tagged in
eXtensible Business Reporting Language (``XBRL'') format as an exhibit
to certain filings on the Commission's Electronic Data Gathering,
Analysis and Retrieval System (``EDGAR''). The current voluntary
program permits any fund to participate merely by submitting a tagged
exhibit in the required manner. These exhibits are publicly available
but are considered furnished rather than filed. The purpose of the
collection of information is to help evaluate the usefulness of data
tagging and XBRL to registrants, investors, the Commission, and the
marketplace.
We estimate that no funds participate in the voluntary program each
year. This information collection, therefore, imposes no time burden;
however, we are requesting a one hour burden for administrative
purposes. We also estimate that the information collection imposes no
cost burden.
Estimates of the average burden hours and costs are made solely for
the purposes of the Paperwork Reduction Act and are not derived from a
comprehensive or even representative survey or study of the costs of
Commission rules and forms. Participation in the program is voluntary.
Submissions under the program will not be kept confidential. 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 OMB
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) Thomas Bayer, Director/Chief Information
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon,
6432 General Green Way, Alexandria, VA 22312; or send an email to:
PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days
of this notice.
Dated: October 29, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-27138 Filed 11-6-12; 8:45 am]
BILLING CODE 8011-01-P
