Sunshine Act Meeting, 8890 [2017-02079]
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asabaliauskas on DSK3SPTVN1PROD with NOTICES
8890
Federal Register / Vol. 82, No. 19 / Tuesday, January 31, 2017 / Notices
Auction Reference Price.31 Moreover,
the Commission believes that the
proposed method for calculating the
initial Auction Collars (i.e., the Auction
Collar on the opposite side of the
trading pressure would be the Price
Band in place before the Trading Pause
was triggered) would address the
concept of mean reversion, as well as
avoid a security from trading outside of
a price that it would have been
permitted to trade before the Trading
Pause.32
The Commission believes that
extending the Trading Pause and
widening the Auction Collar on the side
of the order imbalance would be a
measured approach to provide
additional time to attract offsetting
interest, to help to address an imbalance
that may not be resolved within the
prior Auction Collars, and to reduce the
potential for triggering another Trading
Pause.33 Also, as the Exchange noted,
widening the Auction Collar only in the
direction of the order imbalance would
address issues relating to the concept of
mean reversion.34 Moreover, the
Commission notes that the proposal to
conduct a LULD Closing Cross pursuant
to Nasdaq Rule 4754(b)(6) should a
Trading Pause exist at or after 3:50 p.m.
would be consistent with the Twelfth
Amendment to the Plan.
The Commission believes that it is
appropriate to preclude requests to
review executions as a result of a Halt
Auction under Nasdaq Rule 4120(c)(10)
as clearly erroneous. The Commission
notes that the proposed re-opening
procedures would allow for widened
collars, which may result in a reopening price that would be away from
prior trading prices, but the re-opening
price would be the result of a measured
and transparent process that reduces the
potential that such a trade would be
considered erroneous.35
The Commission believes that the
proposed enhancements to the Order
Imbalance Indicator would further
promote transparency around the reopening process following a Trading
Pause.
Finally, the Commission notes that
the proposed amendments to Nasdaq
Rule 4210(a)(12)(G) and (H) would
remove obsolete rule text and conform
the remaining rule text to the Twelfth
Amendment to the Plan.
Based on the Exchange’s
representations mentioned above and in
the Notice, and for the foregoing
31 See
Notice, supra note 3, at 75882–83.
Notice, supra note 3, at 75883.
33 See Notice, supra note 3, at 75882.
34 See Notice, supra note 3, at 75883.
35 See id.
reasons, the Commission finds that the
proposed rule change, as modified by
Amendment Nos. 2 and 3, is consistent
with Section 6(b)(5) of the Act 36 and the
rules and regulations thereunder
applicable to a national securities
exchange.
IV. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,37 that the
proposed rule change (SR–NASDAQ–
2016–131), as modified by Amendment
Nos. 2 and 3, be, and hereby is,
approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.38
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–02001 Filed 1–30–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold a closed meeting
on Thursday, February 2, 2017 at 2 p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the closed meeting. Certain
staff members who have an interest in
the matters also may be present.
The General Counsel of the
Commission, or her designee, has
certified that, in her opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
and 17 CFR 200.402(a)(3), (a)(5), (a)(7),
(a)(9)(ii) and (a)(10), permit
consideration of the scheduled matter at
the closed meeting.
Acting Chairman Piwowar, as duty
officer, voted to consider the items
listed for the closed meeting in closed
session.
The subject matter of the closed
meeting will be:
Institution and settlement of
injunctive actions;
Institution and settlement of
administrative proceedings;
Resolution of litigation claims; and
Other matters relating to enforcement
proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
32 See
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18:22 Jan 30, 2017
Jkt 241001
36 15
U.S.C. 78f(b)(5).
U.S.C. 78s(b)(2).
38 17 CFR 200.30–3(a)(12).
37 15
PO 00000
Frm 00068
Fmt 4703
Sfmt 4703
For further information and to
ascertain what, if any, matters have been
added, deleted or postponed; please
contact Brent J. Fields from the Office of
the Secretary at (202) 551–5400.
Dated: January 26, 2017.
Brent J. Fields,
Secretary.
[FR Doc. 2017–02079 Filed 1–27–17; 11:15 am]
BILLING CODE 8011–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 706–NA
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995.
Currently, the IRS is soliciting
comments concerning Form 706–NA,
United States Estate (and GenerationSkipping Transfer) Tax Return, Estate of
nonresident not a citizen of the United
States.
DATES: Written comments should be
received on or before April 3, 2017 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Tuawana Pinkston, Room 6526, 1111
Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Sara Covington, at
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW.,
Washington DC 20224, or through the
internet, at Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: United States Estate (and
Generation-Skipping Transfer) Tax
Return, Estate of nonresident not a
citizen of the United States.
OMB Number: 1545–0531.
Form Number: 706–NA.
Abstract: Form 706–NA is used to
compute estate and generation-skipping
transfer tax liability for nonresident
alien decedents in accordance with
section 6018 of the Internal Revenue
Code. IRS uses the information on the
SUMMARY:
E:\FR\FM\31JAN1.SGM
31JAN1
]]>Agencies
[Federal Register Volume 82, Number 19 (Tuesday, January 31, 2017)]
[Notices]
[Page 8890]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-02079]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to the provisions of the
Government in the Sunshine Act, Public Law 94-409, that the Securities
and Exchange Commission will hold a closed meeting on Thursday,
February 2, 2017 at 2 p.m.
Commissioners, Counsel to the Commissioners, the Secretary to the
Commission, and recording secretaries will attend the closed meeting.
Certain staff members who have an interest in the matters also may be
present.
The General Counsel of the Commission, or her designee, has
certified that, in her opinion, one or more of the exemptions set forth
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR
200.402(a)(3), (a)(5), (a)(7), (a)(9)(ii) and (a)(10), permit
consideration of the scheduled matter at the closed meeting.
Acting Chairman Piwowar, as duty officer, voted to consider the
items listed for the closed meeting in closed session.
The subject matter of the closed meeting will be:
Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings;
Resolution of litigation claims; and
Other matters relating to enforcement proceedings.
At times, changes in Commission priorities require alterations in
the scheduling of meeting items.
For further information and to ascertain what, if any, matters have
been added, deleted or postponed; please contact Brent J. Fields from
the Office of the Secretary at (202) 551-5400.
Dated: January 26, 2017.
Brent J. Fields,
Secretary.
[FR Doc. 2017-02079 Filed 1-27-17; 11:15 am]
BILLING CODE 8011-01-P
