Sunshine Act; Notice of Closed Meeting, 908 [2015-00060]

Download as PDF 908 Federal Register / Vol. 80, No. 4 / Wednesday, January 7, 2015 / Notices by the United States Postal Service’s FY 2014 Annual Compliance Report. 2. The Postal Service is directed to provide the Commission with the material listed in the Forthcoming Information section of this order no later than January 5, 2015. 3. Pursuant to 39 U.S.C. 505, the Commission appoints Tracy Ferguson as an officer of the Commission (Public Representative) in this proceeding to represent the interests of the general public. 4. Comments on the United States Postal Service’s FY 2014 Annual Compliance Report to the Commission, including the Comprehensive Statement of Postal Operations and other reports, are due on or before February 2, 2015. 5. Reply comments are due on or before February 13, 2015. 6. The Secretary shall arrange for publication of this order in the Federal Register. By the Commission. Shoshana M. Grove, Secretary. SECURITIES AND EXCHANGE COMMISSION [Release No. 34–73971; File No. SR–CTA– 2014–04] Consolidated Tape Association; Notice of Filing of the Nineteenth Substantive Amendment to the Second Restatement of the CTA Plan December 31, 2014. Pursuant to Section 11A of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 608 thereunder,2 notice is hereby given that on December 24, 2014, the Consolidated Tape Association (‘‘CTA’’) Plan participants (‘‘Participants’’) 3 filed with the Securities and Exchange Commission (‘‘Commission’’) a proposal to amend the Second Restatement of the CTA Plan (the ‘‘CTA Plan’’).4 The amendment proposes to shorten the maximum time within which Participants must report trades from 90 seconds to 10 seconds, subject to the Participants’ obligation to report trades as soon as practicable. The Commission is publishing this notice to solicit comments from interested persons on the proposed amendment. [FR Doc. 2014–30976 Filed 1–6–15; 8:45 am] I. Rule 608(a) BILLING CODE 7710–FW–P A. Purpose of the Amendment Currently, Section VIII(a) (Responsibility of Exchange Participants) of the CTA Plan provides that each Participant will ‘‘(i) report all last sale prices relating to transactions in Eligible Securities as promptly as possible, (ii) establish and maintain collection and reporting procedures and facilities such as to assure that under normal conditions not less than 90% of such last sale prices will be reported within that period of time (not in excess of one and one-half minutes) after the time of execution as may be determined RAILROAD RETIREMENT BOARD Sunshine Act; Notice of Closed Meeting Notice is hereby given that the Railroad Retirement Board will hold a meeting on January 15, 2015, 10:00 a.m. at the Board’s meeting room on the 8th floor of its headquarters building, 844 North Rush Street, Chicago, Illinois 60611. The agenda for this meeting follows: Closed meeting notice: (1) Director of Programs Position The person to contact for more information is Martha P. Rico, Secretary to the Board, Phone No. 312–751–4920. Dated: January 5, 2015. Martha P. Rico, Secretary to the Board. [FR Doc. 2015–00060 Filed 1–5–15; 11:15 am] rljohnson on DSK3VPTVN1PROD with NOTICES BILLING CODE 7905–01–P VerDate Sep<11>2014 15:01 Jan 06, 2015 Jkt 235001 1 15 U.S.C. 78k–1. CFR 242.608. 3 Each participant executed the proposed amendment. The Participants are: BATS Exchange, Inc., BATS–Y Exchange, Inc., Chicago Board Options Exchange, Incorporated, Chicago Stock Exchange, Inc., EDGA Exchange, Inc. (‘‘EDGA’’), EDGX Exchange, Inc. (‘‘EDGX’’), Financial Industry Regulatory Authority, Inc. (‘‘FINRA’’), International Securities Exchange, LLC, NASDAQ OMX BX, Inc. (‘‘Nasdaq BX’’), NASDAQ OMX PHLX, Inc. (‘‘Nasdaq PSX’’), Nasdaq Stock Market LLC, National Stock Exchange, New York Stock Exchange LLC (‘‘NYSE’’), NYSE MKT LLC (formerly NYSE Amex, Inc.), and NYSE Arca, Inc. (‘‘NYSE Arca’’). 4 See Securities Exchange Act Release No. 10787 (May 10, 1974), 39 FR 17799 (declaring the CTA Plan effective). The CTA Plan, pursuant to which markets collect and disseminate last sale price information for non-NASDAQ listed securities, is a ‘‘transaction reporting plan’’ under Rule 601 under the Act, 17 CFR 242.601, and a ‘‘national market system plan’’ under Rule 608 under the Act, 17 CFR 242.608. 2 17 PO 00000 Frm 00050 Fmt 4703 Sfmt 4703 by CTA from time to time in light of experience, and (iii) designate as ‘‘late’’ any last sale price not collected and reported in accordance with the abovereferenced procedures.’’ The amendment proposes to reduce from one-and-one-half minutes to 10 seconds the maximum amount of time by which each Participant is required to report trades. In addition to reducing the time frame, the Participants propose to revise the language of the requirement so that it requires the Participants to report ‘‘as soon as practicable, but not later than 10 seconds,’’ after the time of execution of the trade. The amendment also proposes to remove the qualifier that called for trade reports to meet the time requirement not less than 90 percent of the time under normal conditions. The Participants note that, during 2013, the Commission approved a FINRA rule amendment that modified FINRA’s trade reporting rules to require that FINRA members report over-thecounter transactions in Eligible Securities to FINRA as soon as practicable, but no later than 10 seconds, following execution.5 The FINRA rule does not qualify the 10second requirement by providing that one must comply 90 percent of the time under normal conditions. No other Participant has a trade reporting rule that permits trade reporting more than 10 seconds after execution. As a result, shortening the trade reporting time under the CTA Plan seems warranted. In addition, the Participants understand that, contemporaneously with the filing of this amendment, the Participants in the UTP Plan contemplate submitting a plan amendment that would amend the trade-reporting requirement under that plan to provide for the same tradereporting requirements as the CTA Plan Participants propose under this Agreement. B. Additional Information Required by Rule 608(a) 1. Impact of the Proposed Amendment The Participants report the vast majority of trade reports in well less than 10 seconds, so that the Plan amendment is not likely to have a practical impact on trade reporting. 2. Governing or Constituent Documents Not applicable. 5 See Securities Exchange Act Release No. 69561 (May 13, 2013), 78 FR 29190 (May, 17, 2013) (SR– FINRA–2013–013). E:\FR\FM\07JAN1.SGM 07JAN1

Agencies

Railroad Retirement Board

[Federal Register Volume 80, Number 4 (Wednesday, January 7, 2015)]
[Notices]
[Page 908]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-00060]


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RAILROAD RETIREMENT BOARD


Sunshine Act; Notice of Closed Meeting

    Notice is hereby given that the Railroad Retirement Board will hold 
a meeting on January 15, 2015, 10:00 a.m. at the Board's meeting room 
on the 8th floor of its headquarters building, 844 North Rush Street, 
Chicago, Illinois 60611. The agenda for this meeting follows:
    Closed meeting notice:
    (1) Director of Programs Position
    The person to contact for more information is Martha P. Rico, 
Secretary to the Board, Phone No. 312-751-4920.

    Dated: January 5, 2015.
Martha P. Rico,
Secretary to the Board.
[FR Doc. 2015-00060 Filed 1-5-15; 11:15 am]
BILLING CODE 7905-01-P

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