Proposed Collection; Comment Request, 25745 [2015-10397]
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25745
Federal Register / Vol. 80, No. 86 / Tuesday, May 5, 2015 / Notices
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE., Washington, DC
20549–2736.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Extension: Rule 15c2–8;
SEC File No. 270–421, OMB Control No.
3235–0481.
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
(‘‘Commission’’) is soliciting comments
on the existing collection of information
provided for in Rule 15c2–8 (17 CFR
240.15c2–8). The Commission plans to
submit this existing collection of
information to the Office of
Management and Budget for extension
and approval.
Rule 15c2–8 under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.) requires broker-dealers to deliver
preliminary and/or final prospectuses to
certain people under certain
circumstances. In connection with
securities offerings generally, including
initial public offerings (IPOs), the rule
requires broker-dealers to take
reasonable steps to distribute copies of
the preliminary or final prospectus to
anyone who makes a written request, as
well as any broker-dealer who is
expected to solicit purchases of the
security and who makes a request. In
connection with IPOs, the rule requires
a broker-dealer to send a copy of the
preliminary prospectus to any person
who is expected to receive a
confirmation of sale (generally, this
means any person who is expected to
actually purchase the security in the
offering) at least 48 hours prior to the
sending of such confirmation. This
requirement is sometimes referred to as
the ‘‘48 hour rule.’’
Additionally, managing underwriters
are required to take reasonable steps to
ensure that all broker-dealers
participating in the distribution of or
trading in the security have sufficient
copies of the preliminary or final
prospectus, as requested by them, to
enable such broker-dealer to satisfy their
respective prospectus delivery
obligations pursuant to Rule 15c2–8, as
well as Section 5 of the Securities Act
of 1933.
Rule 15c2–8 implicitly requires that
broker-dealers collect information, as
such collection facilitates compliance
with the rule. There is no requirement
to submit collected information to the
Commission. In order to comply with
the rule, broker-dealers participating in
a securities offering must keep accurate
records of persons who have indicated
interest in an IPO or requested a
prospectus, so that they know to whom
they must send a prospectus.
The Commission estimates that the
time broker-dealers will spend
complying with the collection of
information required by the rule is
11,900 hours for equity IPOs and 86,460
hours for other offerings. The
Commission estimates that the total
annualized cost burden (copying and
postage costs) is $23,800,000 for IPOs
and $3,458,400 for other offerings.
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 to be 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
under the PRA unless it displays a
currently valid OMB control number.
Please direct your written comments
to: Pamela Dyson, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 100 F Street NE., Washington,
DC 20549, or send an email to:
PRA_Mailbox@sec.gov.
Dated: April 29, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015–10397 Filed 5–4–15; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–74829; File No. SR–
NASDAQ–2015–042]
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Amend
NASDAQ Rule 7015(b) and (g) to
Modify Port Fees
April 29, 2015.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’), 1 and Rule 19b–4 thereunder,2
notice is hereby given that on April 22,
2015, The NASDAQ Stock Market LLC
(‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘Commission’’) the proposed
rule change as described in Items I, II,
and III, 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 the Substance
of the Proposed Rule Change
The Exchange proposes to amend
NASDAQ Rule 7015(b) and (g) to
modify the port fees charged to
members and non-members for ports
used to enter orders into Nasdaq
systems, in connection with the use of
the FIX and OUCH trading
telecommunication protocols.
The text of the proposed rule change
is below; proposed new language is
italicized; proposed deletions are in
brackets.
*
*
*
*
*
7015. Access Services
(a) No change.
(b) Financial Information Exchange
(FIX).
Ports
FIX Trading Port .......
FIX Port for Services
Other than Trading.
Installation
fee
MITCH Wave Port at Secaucus, NJ ........................................................................................................................
U.S.C. 78s(b)(1).
VerDate Sep<11>2014
17:18 May 04, 2015
2 17
Jkt 235001
PO 00000
CFR 240.19b–4.
Frm 00086
$575[50]/port/month.
$500/port/month.
(c)–(f) No change.
(g) Other Port Fees.
Remote Multi-cast ITCH Wave Ports.
Description
1 15
Price
Fmt 4703
Sfmt 4703
E:\FR\FM\05MYN1.SGM
05MYN1
$2,500
Recurring
monthly fee
$7,500
]]>Agencies
[Federal Register Volume 80, Number 86 (Tuesday, May 5, 2015)]
[Notices]
[Page 25745]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-10397]
[[Page 25745]]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC
20549-2736.
Extension: Rule 15c2-8;
SEC File No. 270-421, OMB Control No. 3235-0481.
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 (``Commission'') is soliciting comments on the existing
collection of information provided for in Rule 15c2-8 (17 CFR 240.15c2-
8). The Commission plans to submit this existing collection of
information to the Office of Management and Budget for extension and
approval.
Rule 15c2-8 under the Securities Exchange Act of 1934 (15 U.S.C.
78a et seq.) requires broker-dealers to deliver preliminary and/or
final prospectuses to certain people under certain circumstances. In
connection with securities offerings generally, including initial
public offerings (IPOs), the rule requires broker-dealers to take
reasonable steps to distribute copies of the preliminary or final
prospectus to anyone who makes a written request, as well as any
broker-dealer who is expected to solicit purchases of the security and
who makes a request. In connection with IPOs, the rule requires a
broker-dealer to send a copy of the preliminary prospectus to any
person who is expected to receive a confirmation of sale (generally,
this means any person who is expected to actually purchase the security
in the offering) at least 48 hours prior to the sending of such
confirmation. This requirement is sometimes referred to as the ``48
hour rule.''
Additionally, managing underwriters are required to take reasonable
steps to ensure that all broker-dealers participating in the
distribution of or trading in the security have sufficient copies of
the preliminary or final prospectus, as requested by them, to enable
such broker-dealer to satisfy their respective prospectus delivery
obligations pursuant to Rule 15c2-8, as well as Section 5 of the
Securities Act of 1933.
Rule 15c2-8 implicitly requires that broker-dealers collect
information, as such collection facilitates compliance with the rule.
There is no requirement to submit collected information to the
Commission. In order to comply with the rule, broker-dealers
participating in a securities offering must keep accurate records of
persons who have indicated interest in an IPO or requested a
prospectus, so that they know to whom they must send a prospectus.
The Commission estimates that the time broker-dealers will spend
complying with the collection of information required by the rule is
11,900 hours for equity IPOs and 86,460 hours for other offerings. The
Commission estimates that the total annualized cost burden (copying and
postage costs) is $23,800,000 for IPOs and $3,458,400 for other
offerings.
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 to
be 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 under the PRA unless it
displays a currently valid OMB control number.
Please direct your written comments to: Pamela Dyson, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or send an email
to: PRA_Mailbox@sec.gov.
Dated: April 29, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-10397 Filed 5-4-15; 8:45 am]
BILLING CODE 8011-01-P
