Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to a DTC Custody Service Fee Change, 25761-25763 [2015-10401]
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Federal Register / Vol. 80, No. 86 / Tuesday, May 5, 2015 / Notices
of the Act and Rule 19b–4(f)(6)(iii)
thereunder.
A proposed rule change filed under
Rule 19b–4(f)(6) 19 normally does not
become operative prior to 30 days after
the date of the filing. However, pursuant
to Rule 19b4(f)(6)(iii),20 the Commission
may designate a shorter time if such
action is consistent with the protection
of investors and the public interest. The
Exchange has requested that the
Commission waive the 30-day operative
delay so that the proposal may become
operative immediately upon filing and
thereby enable Market Makers to
enhance their risk controls and risk
management processes without delay.
The Commission believes that waiving
the 30-day operative delay is consistent
with the protection of investors and the
public interest. Therefore, the
Commission hereby waives the 30-day
operative delay and designates the
proposal effective upon filing.21
At any time within 60 days of the
filing of such 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. If the
Commission takes such action, the
Commission shall institute proceedings
under Section 19(b)(2)(B) 22 of the Act to
determine whether the proposed rule
change should be approved or
disapproved.
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
Paper Comments
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–NYSEARCA–2015–32. 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 will also be available for
inspection and copying at the NYSE’s
principal office and on its Internet Web
site at www.nyse.com. 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–
NYSEARCA–2015–32, and should be
submitted on or before May 26, 2015.
and Rule 19b–4 2 thereunder, notice is
hereby given that on April 17, 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)(2) 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.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.23
Brent J. Fields,
Secretary.
1. Purpose
The proposed rule change would
revise the Fee Schedule with respect to
a fee charged to Participants that use the
Custody Service, as described below.
The Custody Service provides safe
keeping and physical transaction
processing for securities certificates and
other items (collectively, ‘‘certificates’’),
including certificates for securities and
other assets not eligible for deposit in
DTC’s core depository services.6 In
utilizing the Custody Service,
Participants are able to leverage DTC’s
vault facility to outsource the safe
[FR Doc. 2015–10411 Filed 5–4–15; 8:45 am]
BILLING CODE 8011–01–P
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rulecomments@sec.gov. Please include File
Number SR–NYSEARCA–2015–32 on
the subject line.
• Send paper comments in triplicate
to Secretary, Securities and Exchange
CFR 240.19b–4(f)(6).
CFR 240.19b–4(f)(6)(iii).
21 For purposes of waiving the 30-day operative
delay, the Commission has considered the proposed
rule’s impact on efficiency, competition, and capital
formation. See 15 U.S.C. 78c(f).
22 15 U.S.C. 78s(b)(2)(B).
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–74831; File No. SR–DTC–
2015–004]
Self-Regulatory Organizations; The
Depository Trust Company; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change Relating to a
DTC Custody Service Fee Change
19 17
April 29, 2015.
20 17
Pursuant to section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (‘‘Act’’)
VerDate Sep<11>2014
17:18 May 04, 2015
Jkt 235001
25761
23 17
1 15
PO 00000
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
Frm 00102
Fmt 4703
Sfmt 4703
I. Clearing Agency’s Statement of the
Terms of Substance of the Proposed
Rule Change
The proposed rule change consists of
a change to DTC’s Fee Schedule (‘‘Fee
Schedule’’) with respect to the DTC
Custody Service.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
2 17
CFR 240.19b–4.
U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(2).
5 Each term not otherwise defined herein has its
respective meaning as set forth in the DTC Rules
(the ‘‘Rules’’), available at https://www.dtcc.com/
legal/rules-and-procedures.aspx.
6 Please see the DTC Custody Service Guide at p.
5, available at https://www.dtcc.com/∼/media/Files/
Downloads/legal/service-guides/Custody.pdf for an
overview on Custody Service eligibility.
3 15
E:\FR\FM\05MYN1.SGM
05MYN1
25762
Federal Register / Vol. 80, No. 86 / Tuesday, May 5, 2015 / Notices
keeping and subsequent physical
transaction processing for certificates.
DTC charges each Participant a monthly
fee (currently described in the Fee
Schedule as a ‘‘Long Position’’ Fee) of
$0.70 per certificate, per month
(‘‘Current Fee’’) for safe keeping in the
Custody Service.
Pursuant to the proposed rule change,
in order to better align fees with the cost
of offering the Custody Service, DTC
would revise the Fee Schedule to
replace the Current Fee with a reduced
fee to be named the ‘‘Custody Certificate
Position’’ Fee (‘‘New Fee’’). The New
Fee would be a monthly fee calculated
in accordance with a ‘‘tiered’’ fee
structure taking into account the
quantity of certificates held in the
Custody Service for the Participant on a
per account basis as follows:
Amount
($)
Conditions
0.61 ..........
Monthly fee per certificate, per account; fee applied for each certificate on deposit counted up to an aggregate quantity of 50,000
certificates for the account (i.e., certificates counted as 1–50,000).
Monthly fee per certificate, per account; fee applied for each certificate on deposit counted in excess of an aggregate quantity of
50,000 up to an aggregate quantity of 100,000 certificates for the account (i.e., certificates counted as 50,001–100,000).
Monthly fee per certificate, per account; fee applied for each certificate on deposit counted in excess of an aggregate quantity of
100,000 certificates for the account (i.e., certificates counted as 100,001 and above).
0.20 ..........
0.10 ..........
For example, a Participant with
200,000 certificates held in the Custody
Service as of a month-end for one of its
accounts would be charged New Fees
for the month as follows for that
account:
Certificates counted by tier
Fee amount per certificate
First 50,000 certificates counted ..........................................................................
Second 50,000 certificates counted .....................................................................
Remaining 100,000 certificates ............................................................................
$0.61 .................................................................
0.20 ...................................................................
0.10 ...................................................................
$30,500.00
10,000.00
10,000.00
Total New Fees for Account .............................
50,500.00
Since the New Fee would be charged
on a per account basis, a Participant
with multiple accounts would be
charged a New Fee amount for each
account, as applicable. The amount
would be calculated based upon the
quantity of certificates held for that
account only (i.e., excluding certificates
held for the other accounts of the
Participant).7
Implementation Date
The proposed fee change would take
effect on May 1, 2015.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
2. Statutory Basis
The proposed rule change would
better align DTC’s fees with its costs of
providing safe keeping for certificates in
the Custody Service, and the proposed
fee would apply equally in accordance
with Participants’ use of the Custody
Service. Therefore, DTC believes the
proposed rule change is consistent with
the requirements of the Act and the
rules and regulations thereunder
applicable to DTC, in particular section
17A(b)(3)(D) 8 of the Act, which requires
that DTC’s Rules provide for the
equitable allocation of reasonable dues,
7 Using the example above, a Participant with two
accounts, each with a deposit of 200,000
certificates, would be charged a New Fee amount
of $50,500.00 per account, or total New Fees of
$101,000.00.
8 15 U.S.C. 78q–1(b)(3)(D).
VerDate Sep<11>2014
17:18 May 04, 2015
Jkt 235001
Fee totals
fees, and other charges among its
Participants.
or otherwise in furtherance of the
purposes of the Act.
(B) Clearing Agency’s Statement on
Burden on Competition
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:
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
19(b)(3)(A) 9 of the Act and paragraph (f)
of Rule 19b–4 10 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,
9 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f).
10 17
PO 00000
Frm 00103
Fmt 4703
Sfmt 4703
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–2015–004 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–2015–004. 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
E:\FR\FM\05MYN1.SGM
05MYN1
Federal Register / Vol. 80, No. 86 / Tuesday, May 5, 2015 / Notices
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
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–
2015–004 and should be submitted on
or before May 26, 2015.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Brent J. Fields,
Secretary.
[FR Doc. 2015–10401 Filed 5–4–15; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
Announcement of ‘‘America’s Seed
Fund’’ Logo Design Competition for
the Small Business Innovation
Research (SBIR) and Small Business
Technology Transfer (STTR) Programs
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
The U.S. Small Business
Administration (SBA) announces the
‘‘America’s Seed Fund’’ Logo Design
Competition, pursuant to the America
Competes Act, to encourage artists and
designers to create a thoughtful and
imaginative visual representation of the
government’s largest innovation effort
focused on research-driven, innovative
and cutting-edge small businesses
through the Small Business Innovation
Research (SBIR) and Small Business
Technology Transfer (STTR) Programs.
DATES: The submission period for
entries begins 12:00 p.m. EDT, May 4,
2015 or when this notice is published if
a later date and ends May 29, 2015 at
11:59 p.m. EDT. The winning contestant
asabaliauskas on DSK5VPTVN1PROD with NOTICES
SUMMARY:
11 17
CFR 200.30–3(a)(12).
VerDate Sep<11>2014
17:18 May 04, 2015
Jkt 235001
will be announced and the winning
design will be unveiled during a White
House ceremony on June 15, 2015. The
winning contestant will be notified in
advance of the public announcement.
FOR FURTHER INFORMATION CONTACT:
Nagesh Rao, Chief Technologist, Office
of Investment and Innovation, U.S.
Small Business Administration, 409
Third Street SW., 6th Floor,
Washington, DC 20416, (202) 205–7576,
sbirlogochallenge@sba.gov.
SUPPLEMENTARY INFORMATION:
Competition Details:
1. Subject of Competition: The SBA is
seeking a new design to be used as the
official logo of the SBIR/STTR Programs
and the recently redesigned Web site
https://www.sbir.gov/. The SBIR/STTR
Programs are extremely competitive and
encourage small businesses to engage in
federally funded research and
development (R&D) through eleven
Federal agencies with R&D needs. SBIR/
STTR awards enable small businesses to
explore their technological potential,
stimulate innovation to meet federal
R&D needs, and potentially profit from
private-sector commercialization of
developed technologies. Since inception
in 1982, 150,000 awards totaling $40
billion have been awarded to the small
firms that participate. The programs
touch, catalyze and seed the creation of
STEM driven innovations in industries
critical to the nation’s long term
competitiveness and growth—from
nanotech to robotics to mobile
communications to genetic therapies to
clean energy to advanced weapons to
space exploration. Many of today’s
technology giants—or their underlying
technological components—received
seed funding through SBIR or STTR
awards via the eleven participating
Federal agencies; the Environmental
Protection Agency, the National
Aeronautics and Space Administration,
the National Science Foundation and
the U.S. Departments of Agriculture,
Commerce, Defense, Education, Energy,
Health and Human Services, Homeland
Security and Transportation. (Visit the
sbir.gov Web site at https://
www.sbir.gov/ for more information.)
The new logo will serve as the official
logo for the SBIR/STTR Programs to be
used for promotional and educational
information, including but not limited
to, the Programs’ Web site, SBA’s Web
site, participating Federal agency Web
sites, conferences, events, television,
print, and other media outlets. The
winning logo is intended to premiere at
the 2015 Tibbetts Awards ceremony on
June 15, 2015, and be highlighted at the
National SBIR Conference, June 15–17,
2015.
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25763
2. Eligibility Rules for Participating in
the Competition: To be eligible to win
a prize under this Logo Design
Competition, you—
(a) Must register to participate in the
competition under the link designated
for that purpose by SBA on
challenge.gov;
(b) Must comply with all the
requirements under this notice and the
America Competes Act of 2010 (Pub. L.
111–358);
(c) Must be a citizen or permanent
resident of the United States before the
submission period ends;
(d) May not be a Federal employee
acting within the scope of your
employment; and,
(e) May not be an entity with an
outstanding, unresolved financial
obligation to, or that is currently
suspended or debarred by, the Federal
government.
If you are under 18 years of age, you
must have the permission of a parent or
legal guardian to participate. If you are
a Federal grantee, you may not use
Federal funds to develop applications
for this competition unless such use is
consistent with the purpose of your
grant award. If you are a Federal
contractor, you may not use Federal
funds from a contract to develop or fund
efforts in support of applications for this
competition. You may use Federal
facilities or consult with Federal
employees during the competition if the
facilities and employees are made
available to all contestants participating
in the competition on an equitable basis.
3. Registration Process for
Participants: Design competition
participants must submit their
‘‘America’s Seed Fund’’ Logo Designs
online using the link designated for that
purpose on challenge.gov, either by
filtering search criteria to ‘‘Small
Business Administration’’ or going to
https://www.sbir.gov/, where the link
will be posted. SBA will accept logo
design competition submissions only
through challenge.gov.
Things to keep in mind as you design
your ‘‘America’s Seed Fund’’ Logo:
(a) Translating the common
programmatic elements of the SBIR and
STTR programs—to support scientific
excellence and technological innovation
through the investment of Federal
research funds in critical American
priorities to build a strong national
economy . . . one small business at a
time. (For more information about the
SBIR and STTR Programs, visit the Web
site at https://www.sbir.gov/.);
(b) Reflecting the importance of the
SBIR/STTR Programs in an insightful
and ultimately innovative manner; and,
E:\FR\FM\05MYN1.SGM
05MYN1
]]>Agencies
[Federal Register Volume 80, Number 86 (Tuesday, May 5, 2015)]
[Notices]
[Pages 25761-25763]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-10401]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-74831; File No. SR-DTC-2015-004]
Self-Regulatory Organizations; The Depository Trust Company;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Relating to a DTC Custody Service Fee Change
April 29, 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 April 17, 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)(2) \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)(2).
---------------------------------------------------------------------------
I. Clearing Agency's Statement of the Terms of Substance of the
Proposed Rule Change
The proposed rule change consists of a change to DTC's Fee Schedule
(``Fee Schedule'') with respect to the DTC Custody Service.\5\
---------------------------------------------------------------------------
\5\ Each term not otherwise defined herein has its respective
meaning as set forth in the DTC Rules (the ``Rules''), available at
https://www.dtcc.com/legal/rules-and-procedures.aspx.
---------------------------------------------------------------------------
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
The proposed rule change would revise the Fee Schedule with respect
to a fee charged to Participants that use the Custody Service, as
described below.
The Custody Service provides safe keeping and physical transaction
processing for securities certificates and other items (collectively,
``certificates''), including certificates for securities and other
assets not eligible for deposit in DTC's core depository services.\6\
In utilizing the Custody Service, Participants are able to leverage
DTC's vault facility to outsource the safe
[[Page 25762]]
keeping and subsequent physical transaction processing for
certificates. DTC charges each Participant a monthly fee (currently
described in the Fee Schedule as a ``Long Position'' Fee) of $0.70 per
certificate, per month (``Current Fee'') for safe keeping in the
Custody Service.
---------------------------------------------------------------------------
\6\ Please see the DTC Custody Service Guide at p. 5, available
at https://www.dtcc.com/~/media/Files/Downloads/legal/service-guides/
Custody.pdf for an overview on Custody Service eligibility.
---------------------------------------------------------------------------
Pursuant to the proposed rule change, in order to better align fees
with the cost of offering the Custody Service, DTC would revise the Fee
Schedule to replace the Current Fee with a reduced fee to be named the
``Custody Certificate Position'' Fee (``New Fee''). The New Fee would
be a monthly fee calculated in accordance with a ``tiered'' fee
structure taking into account the quantity of certificates held in the
Custody Service for the Participant on a per account basis as follows:
------------------------------------------------------------------------
Amount ($) Conditions
------------------------------------------------------------------------
0.61....................... Monthly fee per certificate, per account;
fee applied for each certificate on
deposit counted up to an aggregate
quantity of 50,000 certificates for the
account (i.e., certificates counted as 1-
50,000).
0.20....................... Monthly fee per certificate, per account;
fee applied for each certificate on
deposit counted in excess of an aggregate
quantity of 50,000 up to an aggregate
quantity of 100,000 certificates for the
account (i.e., certificates counted as
50,001-100,000).
0.10....................... Monthly fee per certificate, per account;
fee applied for each certificate on
deposit counted in excess of an aggregate
quantity of 100,000 certificates for the
account (i.e., certificates counted as
100,001 and above).
------------------------------------------------------------------------
For example, a Participant with 200,000 certificates held in the
Custody Service as of a month-end for one of its accounts would be
charged New Fees for the month as follows for that account:
------------------------------------------------------------------------
Fee amount per
Certificates counted by tier certificate Fee totals
------------------------------------------------------------------------
First 50,000 certificates counted. $0.61............... $30,500.00
Second 50,000 certificates counted 0.20................ 10,000.00
Remaining 100,000 certificates.... 0.10................ 10,000.00
---------------
Total New Fees for 50,500.00
Account.
------------------------------------------------------------------------
Since the New Fee would be charged on a per account basis, a
Participant with multiple accounts would be charged a New Fee amount
for each account, as applicable. The amount would be calculated based
upon the quantity of certificates held for that account only (i.e.,
excluding certificates held for the other accounts of the
Participant).\7\
---------------------------------------------------------------------------
\7\ Using the example above, a Participant with two accounts,
each with a deposit of 200,000 certificates, would be charged a New
Fee amount of $50,500.00 per account, or total New Fees of
$101,000.00.
---------------------------------------------------------------------------
Implementation Date
The proposed fee change would take effect on May 1, 2015.
2. Statutory Basis
The proposed rule change would better align DTC's fees with its
costs of providing safe keeping for certificates in the Custody
Service, and the proposed fee would apply equally in accordance with
Participants' use of the Custody Service. Therefore, DTC believes the
proposed rule change is consistent with the requirements of the Act and
the rules and regulations thereunder applicable to DTC, in particular
section 17A(b)(3)(D) \8\ of the Act, which requires that DTC's Rules
provide for the equitable allocation of reasonable dues, fees, and
other charges among its Participants.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78q-1(b)(3)(D).
---------------------------------------------------------------------------
(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
19(b)(3)(A) \9\ of the Act and paragraph (f) of Rule 19b-4 \10\
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.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78s(b)(3)(A).
\10\ 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-2015-004 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-2015-004. 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
[[Page 25763]]
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-2015-004 and should be submitted on or before May 26, 2015.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
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\11\ 17 CFR 200.30-3(a)(12).
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Brent J. Fields,
Secretary.
[FR Doc. 2015-10401 Filed 5-4-15; 8:45 am]
BILLING CODE 8011-01-P
