Proposed Collection; Comment Request, 23962-23963 [2013-09484]

Download as PDF mstockstill on DSK4VPTVN1PROD with NOTICES 23962 Federal Register / Vol. 78, No. 78 / Tuesday, April 23, 2013 / Notices Committee listed in this document. (The IMEDS Steering Committee will also have two members of FDA appointed by FDA, and a liaison from the ReaganUdall Foundation Board of Directors who will be appointed by the ReaganUdall Foundation Board of Directors; these three individuals will be nonvoting members). 1. Pharmaceutical Industry: Two members 2. Academia/Research Institute: One member 3. Provider (i.e., Clinician): One member 4. Data Partner: One member 5. Patient Advocate: One member 6. Consumer Advocate: One member The following criteria will be used to evaluate nominees for the IMEDS Steering Committee. 1. Required Criteria for Each of Seven Positions a. Currently employed by/ volunteering for stakeholder field (e.g., pharmaceutical, academia, patient advocate, provider, etc.) with several years of relevant experience. b. Leading expert in their relevant field (based on position/title, publications, or other experience). 2. Criteria across Steering Committee (It is not a requirement that all nominees meet all of these criteria, but collectively, the Steering Committee members should meet them.) a. Ability to complete Steering Committee responsibilities (which can be accessed via the Reagan-Udall Foundation Web site: https:// www.reaganudall.org/.) b. Prior experience serving on a related or similar governance body. c. Understanding of postmarket surveillance landscape and impact upon stakeholder group represented by Steering Committee seat, or understanding of issues around use of electronic health data for observational purposes. d. Individuals both with and without past experience in Mini-Sentinel, OMOP, and similar research/regulatory science initiatives to ensure a diversity of perspectives. e. Individuals from both U.S.- and international-based institutions. 3. The IMEDS Steering Committee Chair must be able to complete the additional responsibilities listed for this position in the IMEDS Charter (section 2.3.6.2). III. Terms of Service • The IMEDS Steering Committee meets in-person at least twice per year, with bimonthly teleconferences in between meetings (or monthly teleconferences as deemed necessary by the Chair). VerDate Mar<15>2010 17:51 Apr 22, 2013 Jkt 229001 • Members serve 2-year terms, and a maximum of two terms (based on IMEDS fiscal calendar). • Members do not receive compensation from RUF. • Members can be reimbursed by RUF for actual and reasonable expenses incurred in support of IMEDS in accordance with applicable law and their specific institutional policies. • Members are subject to the IMEDS Conflict of Interest policies. IV. Nomination Instructions • In 200 words or less, please describe the relevant expertise and experience the nominee would bring while serving as the IMEDS Steering Committee Chair and/or a Member and to what extent they would meet the criteria. • Individuals may be nominated for one or more of the seven voting positions, and those making nominations should specify for which of the seven voting positions the nominee is being nominated. • Individuals may nominate themselves. Dated: April 17, 2013. Jane Reese-Coulbourne, Executive Director, Reagan-Udall Foundation for the FDA. [FR Doc. 2013–09448 Filed 4–22–13; 8:45 am] BILLING CODE 4164–04–P 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. Extension: Rule 10b–10. SEC File No. 270–389, OMB Control No. 3235–0444. Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) (‘‘PRA’’), the Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the existing collection of information provided for in Rule 10b–10 (17 CFR 240.10b–10) under the Securities and Exchange Act of 1934 (15 U.S.C. 78a et seq.). The Commission plans to submit this existing collection of information to the Office of Management and Budget (‘‘OMB’’) for extension and approval. Rule 10b–10 requires broker-dealers to convey basic trade information to customers regarding their securities PO 00000 Frm 00080 Fmt 4703 Sfmt 4703 transactions. This information includes: the date and time of the transaction, the identity and number of shares bought or sold, and the trading capacity of the broker-dealer. Depending on the trading capacity of the broker-dealer, Rule 10b– 10 requires the disclosure of commissions as well as mark-up and mark-down information. For transactions in debt securities, Rule 10b–10 requires the disclosure of redemption and yield information. Rule 10b–10 potentially applies to all of the approximately 5,178 firms registered with the Commission that effect transactions on behalf of customers. Based on information provided by registered broker-dealers to the Commission in FOCUS Reports, the Commission staff estimates that on average, registered broker-dealers process approximately 1.4 billion order tickets per month for transactions on behalf of customers. Each order ticket representing a transaction effected on behalf of a customer results in one confirmation. Therefore, the Commission staff estimates that approximately 16.8 billion confirmations are sent to customers annually. The confirmations required by Rule 10b–10 are generally processed through automated systems. It takes approximately 30 seconds to generate and send a confirmation. Accordingly, the Commission estimates that brokerdealers spend 140 million hours per year complying with Rule 10b–10. The amount of confirmations sent and the cost of sending each confirmation varies from firm to firm. Smaller firms generally send fewer confirmations than larger firms because they effect fewer transactions. The Commission staff estimates the costs of producing and sending a paper confirmation, including postage to be approximately 54 cents. The Commission staff also estimates that the cost of producing and sending a wholly electronic confirmation is approximately 39 cents. Based on informal discussions with industry participants as well as no-action positions taken in this area, the staff estimates that broker-dealers used electronic confirmations for approximately 35 percent of transactions. Based on these calculations, Commission staff estimates that 10,920,000,000 paper confirmations are mailed each year at a cost of $5,896,800,000. Commission staff also estimates that 5,880,000,000 wholly electronic confirmations are sent each year at a cost of $2,293,200,000. Accordingly, Commission staff estimates that total annual cost associated with generating and delivering to investors the information E:\FR\FM\23APN1.SGM 23APN1 Federal Register / Vol. 78, No. 78 / Tuesday, April 23, 2013 / Notices required under Rule 10b–10 would be $8,190,000,000. 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 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 subject to 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, 6432 General Green Way, Alexandria, Virginia 22312 or send an email to: PRA_Mailbox@sec.gov. Dated: April 17, 2013. Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2013–09484 Filed 4–22–13; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–69388; File No. SR– NYSEMKT–2013–34] Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the Members’ Schedule of NYSE Amex Options LLC (the ‘‘Company’’) in Order To Reflect Changes to the Capital Structure of the Company mstockstill on DSK4VPTVN1PROD with NOTICES April 17, 2013. 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, 2013, NYSE MKT LLC (‘‘NYSE MKT’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II 1 15 2 17 U.S.C. 78s(b)(1). CFR 240.19b–4. VerDate Mar<15>2010 17:51 Apr 22, 2013 Jkt 229001 below, which Items have been prepared by the Exchange. 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 the Members’ Schedule (as defined in the Limited Liability Company Agreement of NYSE Amex Options LLC (the ‘‘Company’’) dated as of June 29, 2011 (the ‘‘LLC Agreement’’)) in order to reflect changes to the capital structure of the Company based on two transactions (such amendment, the ‘‘Proposed Rule Change’’). The first transaction involved the issuance of Annual Incentive Shares (as defined in the Members Agreement) to the Founding Firms (as defined below) pursuant to Section 2.1 of that certain Members Agreement, dated as of June 29, 2011, by and among the Company, NYSE MKT, NYSE Euronext, Banc of America Strategic Investments Corporation (‘‘BAML’’), Barclays Electronic Commerce Holdings Inc. (‘‘Barclays’’), Citadel Securities LLC (‘‘Citadel’’), Citigroup Financial Strategies, Inc. (‘‘Citigroup’’), Goldman, Sachs & Co. (‘‘Goldman Sachs’’), Datek Online Management Corp. (‘‘TD Ameritrade’’) and UBS Americas Inc. (‘‘UBS’’) (collectively, excluding the Company, NYSE MKT and NYSE Euronext, the ‘‘Founding Firms’’) (the ‘‘Members Agreement’’). The second transaction will involve the transfer of Interests (as defined in the LLC Agreement) by the Founding Firms to NYSE Market (DE), Inc. (‘‘NYSE Market’’), an affiliate of the Exchange, as soon as reasonably practicable following April 2, 2013 pursuant to Article XI of the LLC Agreement and Section 3.1 of the Members Agreement. 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, PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 23963 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 amend the Members’ Schedule as set forth herein. The amendment reflects changes to the capital structure of the Company due to (i) the issuance of Annual Incentive Shares to the Founding Firms effective February 28, 2013 pursuant to Section 2.1 of the Members Agreement and (ii) the transfer of Interests by the Founding Firms to NYSE Market as soon as reasonably practicable following April 2, 2013 pursuant to Article XI of the LLC Agreement and Section 3.1 of the Members Agreement. Issuance of Annual Incentive Shares Pursuant to Section 2.1 of the Members Agreement, each year (until 2015, unless extended by the Board) the Company must issue a number of Class B Common Interests (as defined in the LLC Agreement) equal to thirty percent (30%) of the then-outstanding Class B Common Interests as Annual Incentive Shares. These Annual Incentive Shares are allocated among the Members (as defined in the LLC Agreement) holding Class B Common Interests (such Members, the ‘‘Class B Members’’) based on each Class B Member’s contribution to the volume of the Exchange relative to such Class B Member’s Individual Target (as defined in the Members Agreement). The Annual Incentive Shares may change the relative economic and voting rights among the Class B Members but have no effect on the relative economic and voting rights as between Members holding Class A Common Interests (as defined in the LLC Agreement) and Class B Members. Effective February 28, 2013, the Company issued 16.4736 Annual Incentive Shares in the aggregate to the Founding Firms (the ‘‘Issuance of Annual Incentive Shares’’). Because each Founding Firm achieved or exceeded its Individual Target, the Issuance of Annual Incentive Shares did not result in any change to any Member’s economic or voting interest in the Company. The Exchange proposes to amend the Members’ Schedule as set forth in Exhibit 5A attached hereto 3 (marked against the Members’ Schedule in effect prior to such issuance) to 3 The Commission notes that Exhibit 5A is attached to the filing, not to this Notice. E:\FR\FM\23APN1.SGM 23APN1

Agencies

[Federal Register Volume 78, Number 78 (Tuesday, April 23, 2013)]
[Notices]
[Pages 23962-23963]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-09484]


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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.

Extension:
    Rule 10b-10.
    SEC File No. 270-389, OMB Control No. 3235-0444.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and 
Exchange Commission (``Commission'') is soliciting comments on the 
existing collection of information provided for in Rule 10b-10 (17 CFR 
240.10b-10) under the Securities and Exchange Act of 1934 (15 U.S.C. 
78a et seq.). The Commission plans to submit this existing collection 
of information to the Office of Management and Budget (``OMB'') for 
extension and approval.
    Rule 10b-10 requires broker-dealers to convey basic trade 
information to customers regarding their securities transactions. This 
information includes: the date and time of the transaction, the 
identity and number of shares bought or sold, and the trading capacity 
of the broker-dealer. Depending on the trading capacity of the broker-
dealer, Rule 10b-10 requires the disclosure of commissions as well as 
mark-up and mark-down information. For transactions in debt securities, 
Rule 10b-10 requires the disclosure of redemption and yield 
information. Rule 10b-10 potentially applies to all of the 
approximately 5,178 firms registered with the Commission that effect 
transactions on behalf of customers.
    Based on information provided by registered broker-dealers to the 
Commission in FOCUS Reports, the Commission staff estimates that on 
average, registered broker-dealers process approximately 1.4 billion 
order tickets per month for transactions on behalf of customers. Each 
order ticket representing a transaction effected on behalf of a 
customer results in one confirmation. Therefore, the Commission staff 
estimates that approximately 16.8 billion confirmations are sent to 
customers annually. The confirmations required by Rule 10b-10 are 
generally processed through automated systems. It takes approximately 
30 seconds to generate and send a confirmation. Accordingly, the 
Commission estimates that broker-dealers spend 140 million hours per 
year complying with Rule 10b-10.
    The amount of confirmations sent and the cost of sending each 
confirmation varies from firm to firm. Smaller firms generally send 
fewer confirmations than larger firms because they effect fewer 
transactions. The Commission staff estimates the costs of producing and 
sending a paper confirmation, including postage to be approximately 54 
cents. The Commission staff also estimates that the cost of producing 
and sending a wholly electronic confirmation is approximately 39 cents. 
Based on informal discussions with industry participants as well as no-
action positions taken in this area, the staff estimates that broker-
dealers used electronic confirmations for approximately 35 percent of 
transactions. Based on these calculations, Commission staff estimates 
that 10,920,000,000 paper confirmations are mailed each year at a cost 
of $5,896,800,000. Commission staff also estimates that 5,880,000,000 
wholly electronic confirmations are sent each year at a cost of 
$2,293,200,000. Accordingly, Commission staff estimates that total 
annual cost associated with generating and delivering to investors the 
information

[[Page 23963]]

required under Rule 10b-10 would be $8,190,000,000.
    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 
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 subject to 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 Pavlik-Simon, 6432 General 
Green Way, Alexandria, Virginia 22312 or send an email to: PRA_Mailbox@sec.gov.

    Dated: April 17, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-09484 Filed 4-22-13; 8:45 am]
BILLING CODE 8011-01-P
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