Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Make Technical Revisions to the DTC Settlement Service Guide, 14173-14174 [2015-06089]
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Federal Register / Vol. 80, No. 52 / Wednesday, March 18, 2015 / Notices
6. Who will be required or asked to
respond: NRC Contractors.
7. The estimated number of annual
responses: 1506.
8. The estimated number of annual
respondents: 41.
9. The estimated number of hours
needed annually to comply with the
information collection requirement or
request: 752.
10. Abstract: In administering its
contracts, the NRC provides billing
instructions for its contractors to follow
in preparing invoices. These
instructions stipulate the level of detail
in which supporting data must be
submitted for NRC review. The review
of this information ensures that all
payments made by the NRC for valid
and reasonable costs are in accordance
with the contract terms and conditions.
III. Specific Requests for Comments
The NRC is seeking comments that
address the following questions:
1. Is the proposed collection of
information necessary for the NRC to
properly perform its functions? Does the
information have practical utility?
2. Is the estimate of the burden of the
information collection accurate?
3. Is there a way to enhance the
quality, utility, and clarity of the
information to be collected?
4. How can the burden of the
information collection on respondents
be minimized, including the use of
automated collection techniques or
other forms of information technology?
Dated at Rockville, Maryland, this 12th day
of March, 2015.
For the Nuclear Regulatory Commission.
Tremaine Donnell,
NRC Clearance Officer, Office of Information
Services.
[FR Doc. 2015–06154 Filed 3–17–15; 8:45 am]
BILLING CODE 7590–01–P
SECURITIES AND EXCHANGE
COMMISSION
mstockstill on DSK4VPTVN1PROD with NOTICES
[Release No. 34–74485; File No. SR–DTC–
2015–02]
Self-Regulatory Organizations; The
Depository Trust Company; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Make
Technical Revisions to the DTC
Settlement Service Guide
March 12, 2015.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (‘‘Act’’)
and Rule 19b–4 2 thereunder, notice is
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
VerDate Sep<11>2014
19:00 Mar 17, 2015
Jkt 235001
hereby given that on March 3, 2015, The
Depository Trust Company (‘‘DTC’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change as described in
Items I, II and III below, which Items
have been prepared by DTC. DTC filed
the proposed rule change pursuant to
Section 19(b)(3)(A) 3 of the Act and Rule
19b–4(f)(4) 4 thereunder. The proposed
rule change was effective upon filing
with the Commission. The Commission
is publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Clearing Agency’s Statement of the
Terms of Substance of the Proposed
Rule Change
The proposed rule change consists of
technical amendments to the Settlement
Service Guide (‘‘Guide’’) in order to
make technical changes and updates to
its text.5
II. Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
In its filing with the Commission,
DTC 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. DTC has prepared
summaries, set forth in sections A, B,
and C below, of the most significant
aspects of such statements.
(A) Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
1. Purpose
Pursuant to the proposed rule change
the Guide would be revised to:
(i) Refer to the ‘‘Settlement User
Interface’’ rather than the ‘‘Settlement
Web’’, ‘‘Participant Terminal System’’
and ‘‘Participant Browser Service’’;
(ii) update the text of the Settling
Bank Processing Schedule and other
text in the Guide to reflect that DTC
end-of-day net settlement is processed
through the National Settlement Service
(NSS) of the Federal Reserve System,
specifically, that DTC submits to the
Federal Reserve Bank of New York a file
to debit and credit Federal Reserve
accounts of Settling Banks
simultaneously;
(iii) delete references to the ‘‘U.S.
program’’ of EuroCCP (which has ceased
3 15
U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(4).
5 Each term not otherwise defined herein has the
respective meaning set forth in DTC’s rules (the
‘‘Rules’’).
PO 00000
Frm 00104
Fmt 4703
Sfmt 4703
14173
to exist) as well as any references to
related DTC processing provisions that
are obsolete as a result;
(iv) simplify and update other text,
including descriptions of processes and
timeframes, contact information for
settlement processing and crossreferences; and
(v) conform grammar and usage
throughout the Guide.
Implementation Date
The proposed rule changes would
become effective immediately.
2. Statutory Basis
The proposed rule change would
update the Guide to make technical
changes and updates to the Guide to
reflect current terminology, systems
functionality, practices and processing
timeframes, which would simplify and
clarify the Guide’s text. Therefore, DTC
believes the proposed rule change is
consistent with the requirements of: (i)
The Act, in particular Section
17A(b)(3)(F) of the Act,6 which requires
that the rules of the clearing agency be
designed, inter alia, to promote the
prompt and accurate clearance and
settlement of securities transactions,
and (ii) Rule 17Ad–22(d)(9) 7
promulgated under the Act which
requires, inter alia, that a clearing
agency establish, implement, maintain
and enforce written policies and
procedures reasonably designed to
identify and evaluate the risks and costs
associated with using its services,
because the proposed changes simplify
and clarify the Guide’s text for the users
of DTC’s services.
(B) Clearing Agency’s Statement on
Burden on Competition
DTC does not believe that the
proposed rule change would have any
impact, or impose any burden, on
competition.
(C) Clearing Agency’s Statement on
Comments on the Proposed Rule
Change Received From Members,
Participants, or Others
Written comments relating to the
proposed rule change have not yet been
solicited or received. DTC will notify
the Commission of any written
comments received by DTC.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become
effective pursuant to Section
6 15
7 17
U.S.C. 78q–1(b)(3)(F).
CFR 240.17Ad–22(d)(9).
E:\FR\FM\18MRN1.SGM
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14174
Federal Register / Vol. 80, No. 52 / Wednesday, March 18, 2015 / Notices
19(b)(3)(A) 8 of the Act and paragraph (f)
of Rule 19b–4 9 thereunder. 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
necessary or appropriate in the public
interest, for the protection of investors,
or otherwise in furtherance of the
purposes of the Act.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
mstockstill on DSK4VPTVN1PROD with NOTICES
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–
DTC–2015–02 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–DTC–2015–02. 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 the
filing also will be available for
inspection and copying at the principal
office of DTC and on DTCC’s Web site
(https://dtcc.com/legal/sec-rulefilings.aspx). All comments received
8 15
9 17
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f).
VerDate Sep<11>2014
19:00 Mar 17, 2015
Jkt 235001
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–DTC–
2015–02 and should be submitted on or
before April 8, 2015.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.10
Brent J. Fields,
Secretary.
[FR Doc. 2015–06089 Filed 3–17–15; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–74488; File No. SR–FINRA–
2014–047]
Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc.; Notice of Filing of
Amendment No. 1 to a Proposed Rule
Change To Adopt FINRA Rule 2241
(Research Analysts and Research
Reports) in the Consolidated FINRA
Rulebook
March 12, 2015.
I. Introduction
On November 14, 2014, Financial
Industry Regulatory Authority, Inc.
(‘‘FINRA’’) filed with the Securities and
Exchange Commission (‘‘SEC’’ or
‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’ or ‘‘Exchange Act’’) 1 and
Rule 19b–4 thereunder,2 a proposed rule
to adopt NASD Rule 2711 (Research
Analysts and Research Reports) as a
FINRA rule, with several modifications;
amend NASD Rule 1050 (Registration of
Research Analysts) and Incorporated
NYSE Rule 344 to create an exception
from the research analyst qualification
requirement; and renumber NASD Rule
2711 as FINRA Rule 2241 in the
consolidated FINRA rulebook. The
proposal was published for comment in
the Federal Register on November 24,
2014.3 The Commission received four
comments on the proposal.4 On
10 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 Exchange Act Release No. 73622 (Nov. 18,
2014); 79 FR 69939 (Nov. 24, 2014) (‘‘Notice’’). On
January 6, 2015, FINRA consented to extending the
time period for the Commission to either approve
or disapprove the proposed rule change, or to
institute proceedings to determine whether to
approve or disapprove the proposed rule change, to
February 20, 2015.
4 See infra note 12.
1 15
PO 00000
Frm 00105
Fmt 4703
Sfmt 4703
February 19, 2015, FINRA filed
Amendment No. 1 responding to the
comments received to the proposal as
well as to propose amendments in
response to these comments. On
February 20, 2015, the Commission
issued an order instituting proceedings
pursuant to Section 19(b)(2)(B) of the
Act 5 to determine whether to approve
or disapprove the proposal. The order
was published for comment in the
Federal Register on February 26, 2015.6
The proposed rule change, as
modified by Amendment No. 1, is
described in Items II and III below,
which Items have been substantially
prepared by FINRA.7 The Commission
is publishing this notice to solicit
comments from interested persons on
the proposal as amended by
Amendment No. 1.
II. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
FINRA is proposing Amendment No.
1 to SR–FINRA–2014–047, a proposed
rule change to adopt NASD Rule 2711
(Research Analysts and Research
Reports) as a FINRA rule, with several
modifications. The proposed rule
change also would amend NASD Rule
1050 (Registration of Research Analysts)
and Incorporated NYSE Rule 344 to
create an exception from the research
analyst qualification requirement. The
proposed rule change would renumber
NASD Rule 2711 as FINRA Rule 2241 in
the consolidated FINRA rulebook.
The text of the proposed rule change
is available on FINRA’s Web site at
https://www.finra.org, at the principal
office of FINRA and at the
Commission’s Public Reference Room.
III. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
FINRA 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 V below. FINRA has prepared
summaries, set forth in sections A, B,
and C below, of the most significant
aspects of such statements.
5 15
U.S.C. 78s(b)(2)(B).
Act Release No. 74339 (Feb. 20, 2015);
80 FR 10528 (Feb. 26, 2015). The comment period
closes on March 19, 2015.
7 For a comparison of the changes of the rule text
between the proposal as originally noticed and the
proposal as amended by Amendment No. 1, see
Exhibit 4 to SR–FINRA–2014–047.
6 Exchange
E:\FR\FM\18MRN1.SGM
18MRN1
]]>Agencies
[Federal Register Volume 80, Number 52 (Wednesday, March 18, 2015)]
[Notices]
[Pages 14173-14174]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-06089]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-74485; File No. SR-DTC-2015-02]
Self-Regulatory Organizations; The Depository Trust Company;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To
Make Technical Revisions to the DTC Settlement Service Guide
March 12, 2015.
Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (``Act'') and Rule 19b-4 \2\ thereunder, notice is hereby given
that on March 3, 2015, The Depository Trust Company (``DTC'') filed
with the Securities and Exchange Commission (``Commission'') the
proposed rule change as described in Items I, II and III below, which
Items have been prepared by DTC. DTC filed the proposed rule change
pursuant to Section 19(b)(3)(A) \3\ of the Act and Rule 19b-4(f)(4) \4\
thereunder. The proposed rule change was effective upon filing with the
Commission. The Commission is publishing this notice to solicit
comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ 15 U.S.C. 78s(b)(3)(A).
\4\ 17 CFR 240.19b-4(f)(4).
---------------------------------------------------------------------------
I. Clearing Agency's Statement of the Terms of Substance of the
Proposed Rule Change
The proposed rule change consists of technical amendments to the
Settlement Service Guide (``Guide'') in order to make technical changes
and updates to its text.\5\
---------------------------------------------------------------------------
\5\ Each term not otherwise defined herein has the respective
meaning set forth in DTC's rules (the ``Rules'').
---------------------------------------------------------------------------
II. Clearing Agency's Statement of the Purpose of, and Statutory Basis
for, the Proposed Rule Change
In its filing with the Commission, DTC 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. DTC has prepared summaries, set forth in sections A, B,
and C below, of the most significant aspects of such statements.
(A) Clearing Agency's Statement of the Purpose of, and Statutory Basis
for, the Proposed Rule Change
1. Purpose
Pursuant to the proposed rule change the Guide would be revised to:
(i) Refer to the ``Settlement User Interface'' rather than the
``Settlement Web'', ``Participant Terminal System'' and ``Participant
Browser Service'';
(ii) update the text of the Settling Bank Processing Schedule and
other text in the Guide to reflect that DTC end-of-day net settlement
is processed through the National Settlement Service (NSS) of the
Federal Reserve System, specifically, that DTC submits to the Federal
Reserve Bank of New York a file to debit and credit Federal Reserve
accounts of Settling Banks simultaneously;
(iii) delete references to the ``U.S. program'' of EuroCCP (which
has ceased to exist) as well as any references to related DTC
processing provisions that are obsolete as a result;
(iv) simplify and update other text, including descriptions of
processes and timeframes, contact information for settlement processing
and cross-references; and
(v) conform grammar and usage throughout the Guide.
Implementation Date
The proposed rule changes would become effective immediately.
2. Statutory Basis
The proposed rule change would update the Guide to make technical
changes and updates to the Guide to reflect current terminology,
systems functionality, practices and processing timeframes, which would
simplify and clarify the Guide's text. Therefore, DTC believes the
proposed rule change is consistent with the requirements of: (i) The
Act, in particular Section 17A(b)(3)(F) of the Act,\6\ which requires
that the rules of the clearing agency be designed, inter alia, to
promote the prompt and accurate clearance and settlement of securities
transactions, and (ii) Rule 17Ad-22(d)(9) \7\ promulgated under the Act
which requires, inter alia, that a clearing agency establish,
implement, maintain and enforce written policies and procedures
reasonably designed to identify and evaluate the risks and costs
associated with using its services, because the proposed changes
simplify and clarify the Guide's text for the users of DTC's services.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78q-1(b)(3)(F).
\7\ 17 CFR 240.17Ad-22(d)(9).
---------------------------------------------------------------------------
(B) Clearing Agency's Statement on Burden on Competition
DTC does not believe that the proposed rule change would have any
impact, or impose any burden, on competition.
(C) Clearing Agency's Statement on Comments on the Proposed Rule Change
Received From Members, Participants, or Others
Written comments relating to the proposed rule change have not yet
been solicited or received. DTC will notify the Commission of any
written comments received by DTC.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become effective pursuant to Section
[[Page 14174]]
19(b)(3)(A) \8\ of the Act and paragraph (f) of Rule 19b-4 \9\
thereunder. 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 necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78s(b)(3)(A).
\9\ 17 CFR 240.19b-4(f).
---------------------------------------------------------------------------
IV. Solicitation of Comments
Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
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-DTC-2015-02 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-DTC-2015-02. 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 the filing also will be available
for inspection and copying at the principal office of DTC and on DTCC's
Web site (https://dtcc.com/legal/sec-rule-filings.aspx). 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-DTC-2015-02 and should be
submitted on or before April 8, 2015.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
---------------------------------------------------------------------------
\10\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Brent J. Fields,
Secretary.
[FR Doc. 2015-06089 Filed 3-17-15; 8:45 am]
BILLING CODE 8011-01-P
