Submission for OMB Review; Comment Request, 837-838 [2015-33216]

Download as PDF Federal Register / Vol. 81, No. 4 / Thursday, January 7, 2016 / Notices and associated tasks. As such, the proposed revisions would make the examination more efficient and effective. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others Written comments were neither solicited nor received. 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) of the Act 24 and paragraph (f)(1) of Rule 19b–4 thereunder.25 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. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule 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: rmajette on DSK2TPTVN1PROD with NOTICES Electronic Comments • Use the Commission’s Internet comment form (http://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include File Number SR– FINRA–2015–058 on the subject line. Paper Comments • Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. All submissions should refer to File Number SR–FINRA–2015–058. 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 (http://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent 24 15 U.S.C. 78s(b)(3)(A). VerDate Sep<11>2014 14:27 Jan 06, 2016 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 offices of FINRA. 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–FINRA– 2015–058, and should be submitted on or before January 28, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.26 Jill M. Peterson, Assistant Secretary. [FR Doc. 2015–33311 Filed 1–6–16; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–247; OMB Control No. 3235–0259] Submission for OMB Review; Comment Request Upon Written Request Copies Available From: U.S. Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE., Washington, DC 20549–2736. Reinstatement: Rule 19h–1 Notice by a Self-Regulatory Organization of Proposed Admission to or Continuance in Membership or Participation or Association with a Member of Any Person Subject to a Statutory Disqualification, and Applications to the Commission for Relief Therefrom. 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 25 17 Jkt 238001 PO 00000 CFR 240.19b–4(f)(1). Frm 00104 Fmt 4703 Sfmt 4703 837 (‘‘Commission’’) has submitted to the Office of Management and Budget (‘‘OMB’’) a request for approval of a reinstatement, with change, of a previously approved collection for which approval has expired—Rule 19h– 1, Notice by a Self-Regulatory Organization of Proposed Admission to or Continuance in Membership or Participation or Association with a Member of Any Person Subject to a Statutory Disqualification, and Applications to the Commission for Relief Therefrom (17 CFR 240.19h–1). Rule 19h–1 (‘‘Rule’’) under the Securities Exchange Act of 1934 (the ‘‘Exchange Act’’) prescribes the form and content of notices and applications by self-regulatory organizations (‘‘SROs’’) regarding proposed admissions to, or continuances in, membership, participation or association with a member of any person subject to a statutory disqualification. The Commission uses the information provided in the submissions filed pursuant to Rule 19h–1 to review decisions of SROs to permit the entry into or continuance in the securities business of persons who have committed serious misconduct. The filings submitted pursuant to the Rule also permit inclusion of an application to the Commission for consent to associate with a member of an SRO notwithstanding a Commission order barring such association. The Commission reviews filings made pursuant to the Rule to ascertain whether it is in the public interest to permit the employment in the securities business of persons subject to a statutory disqualification. The filings contain information that is essential to the staff’s review and ultimate determination on whether an association or employment is in the public interest and consistent with investor protection. Without these filings, persons subject to a statutory disqualification could reenter or continue employment in the securities business without the Commission’s critical review of their character, ability to act as a fiduciary, and their employer’s plan of supervision. The failure to collect and review this information could result in significant harm to the investing public. The Commission estimates the annual burden of responding to this collection of information is as follows. 26 17 E:\FR\FM\07JAN1.SGM CFR 200.30–3(a)(12). 07JAN1 838 Federal Register / Vol. 81, No. 4 / Thursday, January 7, 2016 / Notices BURDEN HOURS Estimated number of respondents = ........................................................................ Estimated number of annual responses per respondent = ...................................... Estimated annual reporting burden per response = ................................................. 20 11 80 20 9 80 20 28 13 20 5 80 BURDEN HOURS Estimated total annual reporting burden =. 17,600 (20 respondents × 11 annual responses per respondent × 80 hours per respondent). The Commission may not conduct or sponsor a collection of information unless it displays a currently valid control number. No person shall be subject to any penalty for failing to comply with a collection of information subject to the PRA that does not display a valid OMB control number. The public may view background documentation for this information collection at the following Web site, www.reginfo.gov. Persons submitting comments on the collection of information requirements should direct them to (i) the Office of Management and Budget, Attention: Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Washington, DC 20503, and (ii) 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. Comments should reference SEC File No. 270–247. Comments must be submitted to OMB within 30 days of this notice. Dated: December 30, 2015. Jill M. Peterson, Assistant Secretary. [FR Doc. 2015–33216 Filed 1–6–16; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–76806; File No. SR– BSECC–2015–002) rmajette on DSK2TPTVN1PROD with NOTICES Self-Regulatory Organizations; Boston Stock Exchange Clearing Corporation; Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1 Thereto, To Amend the By-Laws of Nasdaq, Inc. December 31, 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 December 1 15 2 17 U.S.C. 78s(b)(1). CFR 240.19b–4. VerDate Sep<11>2014 14:27 Jan 06, 2016 Jkt 238001 14,400 (20 respondents × 9 annual responses per respondent × 80 hours per respondent). 7,280 (20 respondents × 28 annual responses per respondent × 13 hours per respondent). 21, 2015, Boston Stock Exchange Clearing Corporation (‘‘BSECC’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by BSECC. On December 29, 2015, BSECC filed Amendment No. 1 to the proposal.3 The Commission is publishing this notice to solicit comments on the proposed rule change, as modified by Amendment No. 1, from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change BSECC is filing this proposed rule change with respect to amendments of the By-Laws (the ‘‘By-Laws’’) of its parent corporation, Nasdaq, Inc. (‘‘Nasdaq’’ or the ‘‘Company’’), to revise the requirements regarding Director classifications. This Amendment No. 1 to SR–BSECC–2015–002 amends and replaces the original filing in its entirety. The proposed amendments will be implemented on a date designated by the Company following approval by the Commission. The text of the proposed rule change is available on BSECC’s Web site at http:// nasdaqomxbx.cchwallstreet.com, at the principal office of BSECC, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, BSECC 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. BSECC has prepared 3 Amendment No. 1 amends and replaces the original filing in its entirety. In Amendment No. 1, BSECC, among other things, clarified the operation of the current and proposed provisions of the ByLaws of Nasdaq, Inc. and how the proposed rule change would operate in conjunction with the Listing Rules of The NASDAQ Stock Market. See infra, note 5. PO 00000 Frm 00105 Fmt 4703 Sfmt 4703 8,000 (20 respondents × 5 annual responses per respondent × 80 hours per respondent). summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Company is proposing amendments to certain provisions of its By-Laws that relate to Director 4 classifications.5 Specifically, the Company proposes to revise Section 4.3 of the By-Laws to state that it may, rather than shall, include at least one, but no more than two, Issuer Directors on its Board. In addition, the Company proposes to revise Section 4.7 of the ByLaws to clarify the procedures when a Director’s classification changes between annual meetings of stockholders. i. Section 4.3 Currently, the Company’s By-Laws require that all of the Company’s Directors be classified as: (i) Industry 4 ‘‘Director’’ means a member of the Company’s Board of Directors. See Article I(j) of the By-Laws. 5 The provisions of the Company’s By-Laws that relate to Director classifications are completely distinct from the Listing Rules of The NASDAQ Stock Market. Therefore, the proposed amendments do not affect in any way the Company’s obligation, as an issuer listed on The NASDAQ Stock Market, to comply with the Listing Rules, and the Company will continue to comply with the Listing Rules, including provisions relating to corporate governance, following the effectiveness of the proposed By-Law amendments. E:\FR\FM\07JAN1.SGM 07JAN1

Agencies

[Federal Register Volume 81, Number 4 (Thursday, January 7, 2016)]
[Notices]
[Pages 837-838]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-33216]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-247; OMB Control No. 3235-0259]


Submission for OMB Review; Comment Request

Upon Written Request Copies Available From: U.S. Securities and 
Exchange Commission, Office of FOIA Services, 100 F Street NE., 
Washington, DC 20549-2736.

Reinstatement:
    Rule 19h-1

    Notice by a Self-Regulatory Organization of Proposed Admission to 
or Continuance in Membership or Participation or Association with a 
Member of Any Person Subject to a Statutory Disqualification, and 
Applications to the Commission for Relief Therefrom.
    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'') has submitted to the Office of Management 
and Budget (``OMB'') a request for approval of a reinstatement, with 
change, of a previously approved collection for which approval has 
expired--Rule 19h-1, Notice by a Self-Regulatory Organization of 
Proposed Admission to or Continuance in Membership or Participation or 
Association with a Member of Any Person Subject to a Statutory 
Disqualification, and Applications to the Commission for Relief 
Therefrom (17 CFR 240.19h-1).
    Rule 19h-1 (``Rule'') under the Securities Exchange Act of 1934 
(the ``Exchange Act'') prescribes the form and content of notices and 
applications by self-regulatory organizations (``SROs'') regarding 
proposed admissions to, or continuances in, membership, participation 
or association with a member of any person subject to a statutory 
disqualification.
    The Commission uses the information provided in the submissions 
filed pursuant to Rule 19h-1 to review decisions of SROs to permit the 
entry into or continuance in the securities business of persons who 
have committed serious misconduct. The filings submitted pursuant to 
the Rule also permit inclusion of an application to the Commission for 
consent to associate with a member of an SRO notwithstanding a 
Commission order barring such association.
    The Commission reviews filings made pursuant to the Rule to 
ascertain whether it is in the public interest to permit the employment 
in the securities business of persons subject to a statutory 
disqualification. The filings contain information that is essential to 
the staff's review and ultimate determination on whether an association 
or employment is in the public interest and consistent with investor 
protection. Without these filings, persons subject to a statutory 
disqualification could reenter or continue employment in the securities 
business without the Commission's critical review of their character, 
ability to act as a fiduciary, and their employer's plan of 
supervision. The failure to collect and review this information could 
result in significant harm to the investing public.
    The Commission estimates the annual burden of responding to this 
collection of information is as follows.

[[Page 838]]



                                                  Burden Hours
----------------------------------------------------------------------------------------------------------------
                                                           19h-1(a)(4)--
                                                          Notification of                          19h-1(d)--
                                       19h-1(a)--Notice       proposed                           Application to
                                       of admission or      admission or        19h-1(b)--       the Commission
                                         continuance        continuance        Preliminary      for relief from
                                       notwithstanding    pursuant to  an     notifications    certain statutory
                                         a statutory      exception  from
                                       disqualification      the notice                        disqualifications
                                                            requirements
----------------------------------------------------------------------------------------------------------------
Estimated number of respondents =...                 20                 20                 20                 20
Estimated number of annual responses                 11                  9                 28                  5
 per respondent =...................
Estimated annual reporting burden                    80                 80                 13                 80
 per response =.....................
----------------------------------------------------------------------------------------------------------------


                                                  Burden Hours
----------------------------------------------------------------------------------------------------------------
 
----------------------------------------------------------------------------------------------------------------
Estimated total annual reporting  17,600 (20          14,400 (20          7,280 (20           8,000 (20
 burden =.                         respondents x 11    respondents x 9     respondents x 28    respondents x 5
                                   annual responses    annual responses    annual responses    annual responses
                                   per respondent x    per respondent x    per respondent x    per respondent x
                                   80 hours per        80 hours per        13 hours per        80 hours per
                                   respondent).        respondent).        respondent).        respondent).
----------------------------------------------------------------------------------------------------------------

    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to the PRA that does not display a 
valid OMB control number.
    The public may view background documentation for this information 
collection at the following Web site, www.reginfo.gov. Persons 
submitting comments on the collection of information requirements 
should direct them to (i) the Office of Management and Budget, 
Attention: Desk Officer for the Securities and Exchange Commission, 
Office of Information and Regulatory Affairs, Washington, DC 20503, and 
(ii) 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. 
Comments should reference SEC File No. 270-247. Comments must be 
submitted to OMB within 30 days of this notice.

    Dated: December 30, 2015.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-33216 Filed 1-6-16; 8:45 am]
 BILLING CODE 8011-01-P