Proposed Collection; Comment Request, 79549 [2016-27248]
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Federal Register / Vol. 81, No. 219 / Monday, November 14, 2016 / Notices
mstockstill on DSK3G9T082PROD with NOTICES
same or better conditions (in any other
circumstance).5
5. Applicants also believe that the
limited relief from section 18(f)(1) of the
Act that is necessary to implement the
facility (because the lending Funds are
not banks) is appropriate in light of the
conditions and safeguards described in
the application and because the Funds
would remain subject to the
requirement of section 18(f)(1) that all
borrowings of a Fund, including
combined interfund loans and bank
borrowings, have at least 300% asset
coverage.
6. Section 6(c) of the Act permits the
Commission to exempt any persons or
transactions from any provision of the
Act if such exemption is necessary or
appropriate in the public interest and
consistent with the protection of
investors and the purposes fairly
intended by the policy and provisions of
the Act. Section 12(d)(1)(J) of the Act
provides that the Commission may
exempt any person, security, or
transaction, or any class or classes of
persons, securities, or transactions, from
any provision of section 12(d)(1) if the
exemption is consistent with the public
interest and the protection of investors.
Section 17(b) of the Act authorizes the
Commission to grant an order
permitting a transaction otherwise
prohibited by section 17(a) if it finds
that (a) the terms of the proposed
transaction are fair and reasonable and
do not involve overreaching on the part
of any person concerned; (b) the
proposed transaction is consistent with
the policies of each registered
investment company involved; and (c)
the proposed transaction is consistent
with the general purposes of the Act.
Rule 17d–1(b) under the Act provides
that in passing upon an application filed
under the rule, the Commission will
consider whether the participation of
the registered investment company in a
joint enterprise, joint arrangement or
profit sharing plan on the basis
proposed is consistent with the
provisions, policies and purposes of the
Act and the extent to which such
participation is on a basis different from
or less advantageous than that of the
other participants.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Brent J. Fields,
Secretary.
[FR Doc. 2016–27249 Filed 11–10–16; 8:45 am]
BILLING CODE 8011–01–P
5 Applicants state that any pledge of securities to
secure an interfund loan could constitute a
purchase of securities for purposes of section
17(a)(2) of the Act.
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17:26 Nov 10, 2016
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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 201 and Rule 200(g) of
Regulation SHO
SEC File No. 270–606, OMB Control No.
3235–0670
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the
Securities and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the existing collection of information
provided for in Rule 201 (17 CFR
242.201) and Rule 200(g) (17 CFR
242.200(g)) under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.). The Commission plans to submit
this existing collection of information to
the Office of Management and Budget
(‘‘OMB’’) for extension and approval.
Rule 201 is a short sale-related circuit
breaker rule that, if triggered, imposes a
restriction on the prices at which
securities may be sold short. Rule 200(g)
provides that a broker-dealer may mark
certain qualifying sell orders ‘‘short
exempt.’’ The information collected
under Rule 201’s written policies and
procedures requirement applicable to
trading centers, the written policies and
procedures requirement of the brokerdealer provision of Rule 201(c), the
written policies and procedures
requirement of the riskless principal
provision of Rule 201(d)(6), and the
‘‘short exempt’’ marking requirement of
Rule 200(g) enable the Commission and
self-regulatory organizations (‘‘SROs’’)
to examine and monitor for compliance
with the requirements of Rule 201 and
Rule 200(g).
In addition, the information collected
under Rule 201’s written policies and
procedures requirement applicable to
trading centers helps to ensure that
trading centers do not execute or
display any impermissibly priced short
sale orders, unless an order is marked
‘‘short exempt,’’ in accordance with the
rule’s requirements. Similarly, the
information collected under the written
policies and procedures requirement of
the broker-dealer provision of Rule
201(c) and the riskless principal
provision of Rule 201(d)(6) helps to
ensure that broker-dealers comply with
the requirements of these provisions.
The information collected pursuant to
the ‘‘short exempt’’ marking
requirement of Rule 200(g) also provides
PO 00000
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Fmt 4703
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79549
an indication to a trading center of
when it must execute or display a short
sale order without regard to whether the
short sale order is at a price that is less
than or equal to the current national
best bid.
It is estimated that SRO and non-SRO
respondents registered with the
Commission and subject to the
collection of information requirements
of Rule 201 and Rule 200(g) incur an
aggregate annual burden of 2,908,309
hours to comply with the rules and an
aggregate annual external cost of
$120,000.
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 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: November 7, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016–27248 Filed 11–10–16; 8:45 am]
BILLING CODE 8011–01–P
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[Federal Register Volume 81, Number 219 (Monday, November 14, 2016)]
[Notices]
[Page 79549]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-27248]
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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 201 and Rule 200(g) of Regulation SHO
SEC File No. 270-606, OMB Control No. 3235-0670
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the existing
collection of information provided for in Rule 201 (17 CFR 242.201) and
Rule 200(g) (17 CFR 242.200(g)) under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.). The Commission plans to submit this
existing collection of information to the Office of Management and
Budget (``OMB'') for extension and approval.
Rule 201 is a short sale-related circuit breaker rule that, if
triggered, imposes a restriction on the prices at which securities may
be sold short. Rule 200(g) provides that a broker-dealer may mark
certain qualifying sell orders ``short exempt.'' The information
collected under Rule 201's written policies and procedures requirement
applicable to trading centers, the written policies and procedures
requirement of the broker-dealer provision of Rule 201(c), the written
policies and procedures requirement of the riskless principal provision
of Rule 201(d)(6), and the ``short exempt'' marking requirement of Rule
200(g) enable the Commission and self-regulatory organizations
(``SROs'') to examine and monitor for compliance with the requirements
of Rule 201 and Rule 200(g).
In addition, the information collected under Rule 201's written
policies and procedures requirement applicable to trading centers helps
to ensure that trading centers do not execute or display any
impermissibly priced short sale orders, unless an order is marked
``short exempt,'' in accordance with the rule's requirements.
Similarly, the information collected under the written policies and
procedures requirement of the broker-dealer provision of Rule 201(c)
and the riskless principal provision of Rule 201(d)(6) helps to ensure
that broker-dealers comply with the requirements of these provisions.
The information collected pursuant to the ``short exempt'' marking
requirement of Rule 200(g) also provides an indication to a trading
center of when it must execute or display a short sale order without
regard to whether the short sale order is at a price that is less than
or equal to the current national best bid.
It is estimated that SRO and non-SRO respondents registered with
the Commission and subject to the collection of information
requirements of Rule 201 and Rule 200(g) incur an aggregate annual
burden of 2,908,309 hours to comply with the rules and an aggregate
annual external cost of $120,000.
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
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: November 7, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-27248 Filed 11-10-16; 8:45 am]
BILLING CODE 8011-01-P
