Proposed Collection; Comment Request, 17699-17700 [2017-07300]
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Federal Register / Vol. 82, No. 69 / Wednesday, April 12, 2017 / Notices
Office of Management and Budget,
Attention: Desk Officer for OSC, New
Executive Office Building, Room 10235,
Washington, DC 20503; or by email via:
oira_submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT:
Kenneth Hendricks, Clerk of the U.S.
Office of Special Counsel, by telephone
at (202) 254–3600, or by email at
khendricks@osc.gov.
SUPPLEMENTARY INFORMATION: Current
and former Federal employees,
employee representatives, other Federal
agencies, state and local government
employees, and the general public are
invited to comment on: (a) Whether the
proposed collection of information is
necessary for the proper performance of
OSC functions, including whether the
information will have practical utility;
(b) the accuracy of OSC’s estimate of the
burden of the proposed collections of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be 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.
OSC is an independent agency
responsible for among other things, (1)
investigation of allegations of prohibited
personnel practices defined by law at 5
U.S.C. 2302(b), protection of
whistleblowers, and certain other illegal
employment practices under titles 5 and
38 of the U.S. Code, affecting current or
former Federal employees or applicants
for employment, and covered state and
local government employees; and (2) the
interpretation and enforcement of Hatch
Act provisions on political activity in
chapters 15 and 73 of title 5 of the U.S.
Code. OSC is required to conduct an
annual survey of individuals who seek
its assistance. Section 13 of Public Law
103–424 (1994), codified at 5 U.S.C.
1212 note, states, in part: ‘‘[T]he survey
shall—(1) determine if the individual
seeking assistance was fully apprised of
their rights; (2) determine whether the
individual was successful either at the
Office of Special Counsel or the Merit
Systems Protection Board; and (3)
determine if the individual, whether
successful or not, was satisfied with the
treatment received from the Office of
Special Counsel.’’ The same section also
requires OSC to publish the survey’s
results in OSC’s annual report to
Congress. Copies of prior years’ annual
reports are available on OSC’s Web site,
at https://osc.gov/Pages/ResourcesReportsAndInfo.aspx or by calling OSC
at (202) 254–3600. The prior OSC
Annual Survey, OMB Control Number
3255–0003, expired on November 30,
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18:45 Apr 11, 2017
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2016. OSC is requesting emergency
approval and reinstatement without
change of this previously approved
collection of information. As with the
prior approved survey, this survey will
be hosted by Survey Monkey (https://
www.surveymonkey.com).
The survey questionnaires are
available for review on line at https://
osc.gov/Resources/
Survey%20Samples%202017.pdf or by
calling OSC at (202) 254–3600.
Type of Information Collection
Request: Reinstatement without change
of a previously approved collection of
information that expired on November
30, 2016.
Affected public: Filers (or their
representatives) seeking OSC services
through: (1) Complaints alleging
prohibited personnel practice or Hatch
Act violations; or (2) disclosures of
information alleging violation of law,
rule, or regulation.
Respondent’s Obligation: Voluntary.
Estimated Annual Number of Survey
Form Respondents: 500.
Frequency of Survey form use:
Annual.
Estimated Average Amount of Time
for a Person to Respond to survey: 12
minutes.
Estimated Annual Survey Burden: 100
hours.
OSC will use the questionnaires to
survey filers, whose matters OSC closed
or otherwise resolved during the prior
fiscal year, on their experience at OSC.
Specifically, the survey asks questions
relating to whether the respondent was:
(1) Apprised of his or her rights; (2)
successful at the OSC or at the Merit
Systems Protection Board; and (3)
satisfied with the treatment received at
the OSC.
Dated: April 6, 2017.
Bruce Gipe,
Chief Operating Officer.
[FR Doc. 2017–07281 Filed 4–11–17; 8:45 am]
BILLING CODE 7405–01–P
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
20549–0213
Extension:
Rule 22d–1, OMB Control No. 3235–0310,
SEC File No. 270–275
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
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17699
(‘‘Paperwork Reduction Act’’) (44 U.S.C.
3501–3520), the Securities and
Exchange Commission (the
‘‘Commission’’) is soliciting comments
on the collections of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Rule 22d–1 under the Investment
Company Act of 1940 (the ‘‘1940 Act’’)
(17 CFR 270.22d–1) provides registered
investment companies that issue
redeemable securities (‘‘funds’’) an
exemption from section 22(d) of the
1940 Act (15 U.S.C. 80a–22(d)) to the
extent necessary to permit scheduled
variations in or elimination of the sales
load on fund securities for particular
classes of investors or transactions,
provided certain conditions are met.
The rule imposes an annual burden per
series of a fund of approximately 15
minutes, so that the total annual burden
for the approximately 4,509 series of
funds that might rely on the rule is
estimated to be 1127.25 hours.
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act. The estimate
is based on communications with
industry representatives, and is not
derived from a comprehensive or even
a representative survey or study.
Responses will not be kept confidential.
An agency may not conduct or sponsor,
and a person is not required to respond
to, a collection of information unless it
displays a currently valid OMB control
number.
Written comments are invited on: (a)
Whether the collection of information is
necessary for the proper performance of
the functions of the Commission,
including whether the information has
practical utility; (b) the accuracy of the
Commission’s estimate of the burden(s)
of the 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.
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.
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17700
Federal Register / Vol. 82, No. 69 / Wednesday, April 12, 2017 / Notices
Dated: April 6, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–07300 Filed 4–11–17; 8:45 am]
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
BILLING CODE 8011–01–P
1. Purpose
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80384; File No. SR–
PEARL–2017–16]
Self-Regulatory Organizations: MIAX
PEARL, LLC; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Amend MIAX PEARL
Rules 504 and 516
April 6, 2017.
Pursuant to the provisions of 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 April 3, 2017, MIAX PEARL, LLC
(‘‘MIAX PEARL’’ or ‘‘Exchange’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’) a
proposed rule change’’) a proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared by the Exchange. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange is filing a proposal to
amend Exchange Rules 504 and 516.
The text of the proposed rule change
is available on the Exchange’s Web site
at https://www.miaxoptions.com/rulefilings/pearl at MIAX PEARL’s principal
office, and at the Commission’s Public
Reference Room.
mstockstill on DSK30JT082PROD with NOTICES
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
Exchange 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. The
Exchange has prepared summaries, set
forth in sections A, B, and C below, of
the most significant aspects of such
statements.
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
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The Exchange proposes to amend
Exchange Rule 516, Order Types, to
make changes to paragraph (j) related to
Post-Only Order 3 handling on the
Exchange to simplify order entry and
enhance liquidity available at the open.
Additionally, the Exchange proposes to
amend Exchange Rule 504, Trading
Halts, to remove Interpretations and
Policies .05.
Currently, by definition, Post-Only
Orders on MIAX PEARL do not
participate in the Opening Process,4 and
Post-Only Orders received before the
Opening Process, during a trading halt,
or after the market close, are rejected.5
Additionally, Post-Only Orders that
remain on the Book 6 after a trading halt
under Rule 504 are cancelled.7 PostOnly Orders are designed to be liquidity
providing orders, as a Post-Only Order
by definition is one that will not remove
liquidity from the Book.8
The Exchange now proposes to amend
certain aspects of its handling of PostOnly Orders to allow them to participate
in the Opening Process and to also
allow Post-Only Orders to be received
by the Exchange prior to the
commencement of the Opening Process
or during a trading halt, and to remain
on the Book after a trading halt, where
they may participate in the next
Opening Process.9
The Exchange proposes to amend
Exchange Rule 516 (j) to allow PostOnly Orders to participate in the
Opening Process by ignoring the PostOnly instruction on the order during
this period. This will allow Post-Only
Orders to participate in the Opening
Process by removing the prior
restriction that a Post-Only Order not
remove liquidity from the Book. As
proposed, during the Opening Process,
Post-Only Orders will be accepted and
provide additional liquidity as orders
are matched for execution based on
price-time priority.10 The Exchange
believes that removing the prohibition
against Post-Only Orders participating
3 See
Exchange Rule 516(j).
Exchange Rule 503(a)(2) and Rule 516(j).
5 See Exchange Rule 516(j).
6 The term ‘‘Book’’ means the electronic order
book of buy and sell orders and quotes maintained
by the System. See Exchange Rule 100.
7 See Exchange Rule 504.05.
8 See Exchange Rule 516(j).
9 The Exchange notes that a single Opening
Process is used for Openings and Re-Openings on
the Exchange. See Exchange Rule 503(a)(1).
10 See Exchange Rule 503(b)(2)(ii).
4 See
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in the Opening Process will serve as a
catalyst for Members 11 to submit orders
during the opening and improve the
liquidity available during the
Exchange’s Opening Process which may
also improve prices at the opening.
The Exchange has two classes of
Members, Market Makers 12 and
Electronic Exchange Members.13 Market
Makers are the primary users of PostOnly Orders on the Exchange as
discussed in more detail below.
Currently, in order to provide liquidity
during the Opening Process, Market
Makers must use regular orders, as
orders marked Post-Only will be
rejected. After the Opening Process has
concluded, Market Makers switch over
to marking orders as Post-Only Orders.
Market Makers use Post-Only Orders to
provide two-sided quotes to meet their
quoting obligations as described in more
detail below. The Exchange believes
that its proposal to accept Post-Only
Orders before the Opening Process will
simplify the operation of the Exchange
and reduce complexity for Members that
submit orders during the Opening
Process and that switch to submitting
Post-Only Orders during regular trading.
Permitting Post-Only Orders to
participate in the Opening will simplify
the operational complexity for Market
Makers that wish to provide liquidity
during the Opening Process and thereby
improve prices at the open.14
Market Makers have a heightened
obligation on the Exchange to maintain
a two-sided market, pursuant to Rule
605(d)(1), in those option series in
which the Market Maker has registered
to trade.15 Exchange Rule 605, Market
Maker Quotations, details various
requirements associated with a Market
11 The term ‘‘Member’’ means an individual or
organization that is registered with the Exchange
pursuant to Chapter II of the MIAX PEARL Rules
for purposes of trading on the Exchange as an
‘‘Electronic Exchange Member’’ or ‘‘Market Maker.’’
Members are deemed ‘‘members’’ under the
Exchange Act. See Exchange Rule 100.
12 The term ‘‘Market Maker’’ or ‘‘MM’’ means a
Member registered with the Exchange for the
purpose of making markets in options contracts
traded on the Exchange and that is vested with the
rights and responsibilities specified in Chapter VI
of MIAX PEARL Rules. See Exchange Rule 100.
13 The term ‘‘Electronic Exchange Member’’ or
‘‘EEM’’ means the holder of a Trading Permit who
is a Member representing as agent Public Customer
Orders or Non-Customer Orders on the Exchange
and those non-Market Maker Members conducting
proprietary trading. Electronic Exchange Members
are deemed ‘‘members’’ under the Exchange Act.
See Exchange Rule 100.
14 The Exchange notes that the proposal may
primarily benefit Market Makers as they are the
largest users of Post-Only Orders. However, PostOnly Orders are available for all Members and the
Exchange does not believe that the proposal raises
any concerns for EEMs as the change will benefit
any Member that uses Post-Only Orders.
15 See Exchange Rule 604(a)(1).
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]]>Agencies
[Federal Register Volume 82, Number 69 (Wednesday, April 12, 2017)]
[Notices]
[Pages 17699-17700]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-07300]
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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
20549-0213
Extension:
Rule 22d-1, OMB Control No. 3235-0310, SEC File No. 270-275
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (``Paperwork Reduction Act'') (44 U.S.C. 3501-3520), the
Securities and Exchange Commission (the ``Commission'') is soliciting
comments on the collections of information summarized below. The
Commission plans to submit this existing collection of information to
the Office of Management and Budget for extension and approval.
Rule 22d-1 under the Investment Company Act of 1940 (the ``1940
Act'') (17 CFR 270.22d-1) provides registered investment companies that
issue redeemable securities (``funds'') an exemption from section 22(d)
of the 1940 Act (15 U.S.C. 80a-22(d)) to the extent necessary to permit
scheduled variations in or elimination of the sales load on fund
securities for particular classes of investors or transactions,
provided certain conditions are met. The rule imposes an annual burden
per series of a fund of approximately 15 minutes, so that the total
annual burden for the approximately 4,509 series of funds that might
rely on the rule is estimated to be 1127.25 hours.
The estimate of average burden hours is made solely for the
purposes of the Paperwork Reduction Act. The estimate is based on
communications with industry representatives, and is not derived from a
comprehensive or even a representative survey or study. Responses will
not be kept confidential. An agency may not conduct or sponsor, and a
person is not required to respond to, a collection of information
unless it displays a currently valid OMB control number.
Written comments are invited on: (a) Whether the collection of
information is necessary for the proper performance of the functions of
the Commission, including whether the information has practical
utility; (b) the accuracy of the Commission's estimate of the burden(s)
of the 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.
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.
[[Page 17700]]
Dated: April 6, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-07300 Filed 4-11-17; 8:45 am]
BILLING CODE 8011-01-P
