Submission for OMB Review; Comment Request, 837-838 [2015-33216]
Download as PDF
<![CDATA[
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 (https://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 (https://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 https://
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
