Self-Regulatory Organizations; Fixed Income Clearing Corporation; National Securities Clearing Corporation; The Depository Trust Company; Notice of Extension of Review Period of Advance Notices, as Amended, To Amend and Restate the Third Amended and Restated Shareholders Agreement, Dated as of December 7, 2005, 918-919 [2014-30973]

Download as PDF 918 Federal Register / Vol. 80, No. 4 / Wednesday, January 7, 2015 / Notices B. Self-Regulatory Organization’s Statement on Burden on Competition Nasdaq does not believe that the proposed rule change will result in any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act, as amended. Specifically, by offering market participants additional options with regard to management of open orders, the change has the potential to enhance Nasdaq’s competitiveness with respect to other trading venues, thereby promoting greater competition. Moreover, the change does not burden competition in that it does not restrict the ability of members to enter and update trading interest in Nasdaq. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were either solicited or received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A)(ii) of the Act 12 and subparagraph (f)(6) of Rule 19b–4 thereunder.13 At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is: (i) Necessary or appropriate in the public interest; (ii) for the protection of investors; or (iii) otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. rljohnson on DSK3VPTVN1PROD with NOTICES IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule 12 15 U.S.C. 78s(b)(3)(a)(ii). CFR 240.19b–4(f)(6). In addition, Rule 19b– 4(f)(6) requires a self-regulatory organization to give the Commission written notice of its intent to file the proposed rule change at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. The Exchange has satisfied this requirement. 13 17 VerDate Sep<11>2014 15:01 Jan 06, 2015 Jkt 235001 change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include File Number SR– NASDAQ–2014–126 on the subject line. Paper Comments • Send paper comments in triplicate to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. All submissions should refer to File Number SR–NASDAQ–2014–126. This file number should be included on the subject line if email is used. To help the Commission 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/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, 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. Copies of such filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR– NASDAQ–2014–126, and should be submitted on or before January 28, 2015. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.14 Brent J. Fields, Secretary. [FR Doc. 2014–30971 Filed 1–6–15; 8:45 am] BILLING CODE 8011–01–P 14 17 PO 00000 CFR 200.30–3(a)(12). Frm 00060 Fmt 4703 Sfmt 4703 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–73975; File Nos. SR–FICC– 2014–810; SR–NSCC–2014–811; SR–DTC– 2014–812] Self-Regulatory Organizations; Fixed Income Clearing Corporation; National Securities Clearing Corporation; The Depository Trust Company; Notice of Extension of Review Period of Advance Notices, as Amended, To Amend and Restate the Third Amended and Restated Shareholders Agreement, Dated as of December 7, 2005 December 31, 2014. On November 5, 2014, Fixed Income Clearing Corporation (‘‘FICC’’), National Securities Clearing Corporation (‘‘NSCC’’), and The Depository Trust Company (‘‘DTC,’’ together with FICC and NSCC, ‘‘Operating Subsidiaries’’) filed with the Securities and Exchange Commission (‘‘Commission’’) advance notices SR–FICC–2014–810, SR–NSCC– 2014–811 and SR–DTC–2014–812 (‘‘Advance Notices’’), pursuant to section 806(e)(1) of the Payment, Clearing, and Settlement Supervision Act of 2010 (‘‘Clearing Supervision Act’’) 1 and Rule 19b–4(n)(1)(i) under the Securities Exchange Act of 1934 (‘‘Exchange Act’’).2 On November 17, 2014, the Operating Subsidiaries each filed Amendments No. 1 to the Advance Notices.3 On November 17, 2014, FICC withdrew Amendment No. 1 and filed Amendment No. 2 to advance notice SR–FICC–2014–810.4 The Advance Notices were published for comment in the Federal Register on December 11, 2014.5 As of December 31, 2014, the Commission had not received any comment letters on the proposal contained in the Advance Notices. Section 806(e)(1)(G) of the Clearing Supervision Act provides that the Operating Subsidiaries may implement the changes proposed in the Advance Notices if they have not received an objection to the proposed changes within 60 days of the later of (i) the date that the Commission receives the Advance Notices or (ii) the date that any 1 12 U.S.C. 5465(e)(1). CFR 240.19b–4(n)(1)(i). 3 NSCC and DTC filed Amendment Nos. 1 to provide additional description of the changes proposed in advance notices SR–NSCC–2014–811 and SR–DTC–2014–812, respectively. 4 FICC withdrew Amendment No. 1 to advance notice SR–FICC–2014–810 due to an error in filing the amendment. FICC filed Amendment No. 2 to advance notice SR–FICC–2014–810 in order to provide additional description of the changes proposed in the advance notice. 5 See Release No. 34–73755 (Dec. 5, 2014), 79 FR 73665 (Dec. 11, 2014). 2 17 E:\FR\FM\07JAN1.SGM 07JAN1 Federal Register / Vol. 80, No. 4 / Wednesday, January 7, 2015 / Notices additional information requested by the Commission is received,6 unless extended as described below. Pursuant to section 806(e)(1)(H) of the Clearing Supervision Act, the Commission may extend the review period of an advance notice for an additional 60 days, if the changes proposed in the advance notice raise novel or complex issues, subject to the Commission providing the clearing agency with prompt written notice of the extension.7 Here, as the Commission has not requested any additional information, the date that is 60 days after the Operating Subsidiaries filed the Advance Notices with the Commission is January 4, 2015. However, the Commission finds it appropriate to extend the review period of the Advance Notices, as amended, for an additional 60 days under section 806(e)(1)(H) of the Clearing Supervision Act.8 The Commission finds the Advance Notices, as amended, are both novel and complex because the material aspects of the proposed amendments to the Shareholders Agreement are substantial, a first for the Clearing Agencies, and are interrelated with other regulatory aspects of the Clearing Agencies. Accordingly, the Commission, pursuant to 806(e)(1)(H) of the Clearing Supervision Act,9 extends the review period for an additional 60 days so that the Commission shall have until March 5, 2015 to issue an objection or nonobjection to the Advance Notices, as amended (File Nos. SR–FICC–2014–810, SR–NSCC–2014–811, and SR–DTC– 2014–812). By the Commission. Brent J. Fields, Secretary. [FR Doc. 2014–30973 Filed 1–6–15; 8:45 am] BILLING CODE 8011–01–P SOCIAL SECURITY ADMINISTRATION [Docket No. SSA–2014–0073] Privacy Act of 1974, as Amended: Proposed New Routine Use and Updated Retention and Disposal AGENCY: (SSA). Proposed New Routine Use and Updated Retention and Disposal. rljohnson on DSK3VPTVN1PROD with NOTICES ACTION: Pursuant to the Privacy Act of 1974, as amended, we are issuing public 6 See 7 See 12 U.S.C. 5465(e)(1)(G). 12 U.S.C. 5465(e)(1)(H). 8 Id. 9 Id. VerDate Sep<11>2014 15:01 Jan 06, 2015 Jkt 235001 The public, Office of Management and Budget (OMB), and Congress may comment on this publication by writing to the Executive Director, Office of Privacy and Disclosure, Office of the General Counsel, Social Security Administration, Room 617 Altmeyer Building, 6401 Security Boulevard, Baltimore, Maryland 21235–6401 or through the Federal e-Rulemaking Portal at https://www.regulations.gov. All comments we receive will be available for public inspection at the above address. ADDRESSES: use and update to the retention and disposal section. Dated: December 11, 2014. Kirsten J. Moncada, Executive Director, Office of Privacy and Disclosure, Office of the General Counsel. Social Security Administration SYSTEM NUMBER: 60–0219 SYSTEM NAME: Representative Disqualification, Suspension and Non-Recognition Information File * * * * * ROUTINE USES OF RECORDS COVERED BY THE SYSTEM, INCLUDING CATEGORIES OF USERS AND THE PURPOSES OF SUCH USES: * * * * * 17. To a Federal court, State court, administrative tribunal, bar disciplinary authority or other authority, by the Office of the General Counsel, as necessary, to permit these authorities to investigate and conduct proceedings relating to potential professional disciplinary actions or other measures relating to the authorities’ regulation of professional conduct. * * * * * RETENTION AND DISPOSAL: * * * * * We retain and destroy this information in accordance with National Archives and Records Administration approved authorities. We will destroy those cases in which the agency receives an allegation of misconduct but determines that the representative did not violate SSA’s Rules of Conduct and Standards of Responsibility two years after the investigation ends, in accordance with SSA’s agency specific records schedule, N1–047–10–004/I.E.1. We will destroy all other cases 25 years after closure, in accordance with N1–047–10–004/I.E.2. We will erase or destroy records in electronic form and shred records in paper form. [FR Doc. 2014–30969 Filed 1–6–15; 8:45 am] BILLING CODE 4191–02–P FOR FURTHER INFORMATION CONTACT: Social Security Administration SUMMARY: notice of our intent to add a new routine use to, and update the retention and disposal schedule of, an existing system of records entitled: Representative Disqualification, Suspension and NonRecognition Information File, (60–0219). This system was last published in the Federal Register, 75 FR 25904 (May 10, 2010). The new routine use will allow broader disclosure to a bar disciplinary authority, court, or administrative tribunal before the agency imposes sanctions against a representative. The Office of General Counsel will use this new routine use to disclose records regarding the agency’s investigation of an attorney, as well as records regarding non-attorneys misrepresenting themselves as attorneys, and nonattorneys continuing to practice despite non-recognition, suspension, or disqualification by the agency. The new routine use will allow for broader disclosure of representative misconduct to promote the integrity of our programs. The update to the retention and disposal section is based on the agency’s specific records schedules. The new routine use and update to the retention and disposal section are described below. DATES: We invite public comment on this proposal. In accordance with 5 U.S.C. 552a(e)(4) and (e)(11), the public is given a 30-day period in which to submit comments. Therefore, please submit any comments by February 6, 2015. 919 Jasson Seiden, Government Information Specialist, Privacy Implementation Division, Office of Privacy and Disclosure, Office of the General Counsel, Social Security Administration, Room 617 Altmeyer Building, 6401 Security Boulevard, Baltimore, Maryland 21235–6401, telephone: (410) 597–4307, Email: Jasson.Seiden@ssa.gov. In accordance with 5 U.S.C. 552a(r), we have provided a report to OMB and Congress on the proposed new routine PO 00000 Frm 00061 Fmt 4703 Sfmt 4703 DEPARTMENT OF TRANSPORTATION Federal Motor Carrier Safety Administration Sunshine Act Meetings; Unified Carrier Registration Plan Board of Directors Federal Motor Carrier Safety Administration (FMCSA), DOT. ACTION: Notice of Unified Carrier Registration Plan Board of Directors meeting. AGENCY: E:\FR\FM\07JAN1.SGM 07JAN1

Agencies

[Federal Register Volume 80, Number 4 (Wednesday, January 7, 2015)]
[Notices]
[Pages 918-919]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-30973]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-73975; File Nos. SR-FICC-2014-810; SR-NSCC-2014-811; 
SR-DTC-2014-812]


Self-Regulatory Organizations; Fixed Income Clearing Corporation; 
National Securities Clearing Corporation; The Depository Trust Company; 
Notice of Extension of Review Period of Advance Notices, as Amended, To 
Amend and Restate the Third Amended and Restated Shareholders 
Agreement, Dated as of December 7, 2005

December 31, 2014.
    On November 5, 2014, Fixed Income Clearing Corporation (``FICC''), 
National Securities Clearing Corporation (``NSCC''), and The Depository 
Trust Company (``DTC,'' together with FICC and NSCC, ``Operating 
Subsidiaries'') filed with the Securities and Exchange Commission 
(``Commission'') advance notices SR-FICC-2014-810, SR-NSCC-2014-811 and 
SR-DTC-2014-812 (``Advance Notices''), pursuant to section 806(e)(1) of 
the Payment, Clearing, and Settlement Supervision Act of 2010 
(``Clearing Supervision Act'') \1\ and Rule 19b-4(n)(1)(i) under the 
Securities Exchange Act of 1934 (``Exchange Act'').\2\ On November 17, 
2014, the Operating Subsidiaries each filed Amendments No. 1 to the 
Advance Notices.\3\ On November 17, 2014, FICC withdrew Amendment No. 1 
and filed Amendment No. 2 to advance notice SR-FICC-2014-810.\4\ The 
Advance Notices were published for comment in the Federal Register on 
December 11, 2014.\5\ As of December 31, 2014, the Commission had not 
received any comment letters on the proposal contained in the Advance 
Notices.
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 5465(e)(1).
    \2\ 17 CFR 240.19b-4(n)(1)(i).
    \3\ NSCC and DTC filed Amendment Nos. 1 to provide additional 
description of the changes proposed in advance notices SR-NSCC-2014-
811 and SR-DTC-2014-812, respectively.
    \4\ FICC withdrew Amendment No. 1 to advance notice SR-FICC-
2014-810 due to an error in filing the amendment. FICC filed 
Amendment No. 2 to advance notice SR-FICC-2014-810 in order to 
provide additional description of the changes proposed in the 
advance notice.
    \5\ See Release No. 34-73755 (Dec. 5, 2014), 79 FR 73665 (Dec. 
11, 2014).
---------------------------------------------------------------------------

    Section 806(e)(1)(G) of the Clearing Supervision Act provides that 
the Operating Subsidiaries may implement the changes proposed in the 
Advance Notices if they have not received an objection to the proposed 
changes within 60 days of the later of (i) the date that the Commission 
receives the Advance Notices or (ii) the date that any

[[Page 919]]

additional information requested by the Commission is received,\6\ 
unless extended as described below.
---------------------------------------------------------------------------

    \6\ See 12 U.S.C. 5465(e)(1)(G).
---------------------------------------------------------------------------

    Pursuant to section 806(e)(1)(H) of the Clearing Supervision Act, 
the Commission may extend the review period of an advance notice for an 
additional 60 days, if the changes proposed in the advance notice raise 
novel or complex issues, subject to the Commission providing the 
clearing agency with prompt written notice of the extension.\7\
---------------------------------------------------------------------------

    \7\ See 12 U.S.C. 5465(e)(1)(H).
---------------------------------------------------------------------------

    Here, as the Commission has not requested any additional 
information, the date that is 60 days after the Operating Subsidiaries 
filed the Advance Notices with the Commission is January 4, 2015. 
However, the Commission finds it appropriate to extend the review 
period of the Advance Notices, as amended, for an additional 60 days 
under section 806(e)(1)(H) of the Clearing Supervision Act.\8\ The 
Commission finds the Advance Notices, as amended, are both novel and 
complex because the material aspects of the proposed amendments to the 
Shareholders Agreement are substantial, a first for the Clearing 
Agencies, and are interrelated with other regulatory aspects of the 
Clearing Agencies.
---------------------------------------------------------------------------

    \8\ Id.
---------------------------------------------------------------------------

    Accordingly, the Commission, pursuant to 806(e)(1)(H) of the 
Clearing Supervision Act,\9\ extends the review period for an 
additional 60 days so that the Commission shall have until March 5, 
2015 to issue an objection or non-objection to the Advance Notices, as 
amended (File Nos. SR-FICC-2014-810, SR-NSCC-2014-811, and SR-DTC-2014-
812).
---------------------------------------------------------------------------

    \9\ Id.

    By the Commission.
Brent J. Fields,
Secretary.
[FR Doc. 2014-30973 Filed 1-6-15; 8:45 am]
BILLING CODE 8011-01-P
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