Sunshine Act Meetings, 2471 [2018-00738]

Download as PDF ethrower on DSK3G9T082PROD with NOTICES Federal Register / Vol. 83, No. 11 / Wednesday, January 17, 2018 / Notices on this review, the Commission issued a ‘‘pass back’’ letter to the PCAOB on October 25, 2017. On November 16, 2017, the PCAOB adopted its 2018 budget during an open meeting, and subsequently submitted that budget to the Commission for approval. After considering the above, the Commission did not identify any proposed disbursements in the 2018 budget adopted by the PCAOB that are not properly recoverable through the annual accounting support fee, and the Commission believes that the aggregate proposed 2018 annual accounting support fee does not exceed the PCAOB’s aggregate recoverable budget expenses for 2018. The Commission also acknowledges the PCAOB’s updated strategic plan and encourages the PCAOB to continue keeping the Commission and its staff apprised of significant new developments. The Commission looks forward to providing its views to the PCAOB as future updates are made to the plan. In addition, the PCAOB should submit its 2017 annual report to the Commission by April 2, 2018. The Commission directs the Board during 2018 to continue to provide periodic updates to the Commission relating to the monitoring of estimated cost savings and efficiencies gained through certain initiatives implemented in recent years. The Board shall continue its review of its compensation and travel policies and report to the Commission the results of this review. In May 2017, the PCAOB formed the Office of Economic and Risk Analysis (‘‘ERA’’) by integrating the staff of the Center for Economic Analysis (‘‘CEA’’) that conducted economic analysis and research with staff from the Office of Research and Analysis (‘‘ORA’’) that conducted risk assessment and data analysis. The Commission directs the PCAOB during 2018 to provide quarterly updates to the Commission on ERA’s activities and progress towards its stated goals, including the work to integrate staff from the former CEA and ORA. The Commission directs the Board during 2018 to continue to provide in its quarterly reports to the Commission detailed information about the state of the PCAOB’s information technology (‘‘IT’’) program, including planned, estimated, and actual costs for IT projects, and the level of involvement of consultants. These reports also should continue to include: (a) A discussion of the Board’s assessment of the IT program; and (b) the quarterly IT report that is prepared by PCAOB staff and submitted to the Board. VerDate Sep<11>2014 17:14 Jan 16, 2018 Jkt 244001 The Commission also directs the Board during 2018 to continue to include in its quarterly reports to the Commission information about the PCAOB’s inspections program. Such information is to include: (a) Statistics relative to the numbers and types of firms budgeted and expected to be inspected in 2018, including by location and by year the inspections are required to be conducted in accordance with the Sarbanes-Oxley Act and PCAOB rules; (b) information about the timing of the issuance of inspections reports for domestic and non-U.S. inspections; and (c) updates on the PCAOB’s efforts to establish cooperative arrangements with respective non-U.S. authorities for inspections required in those countries. The Commission understands that the Office of Management and Budget (‘‘OMB’’) has determined the 2018 budget of the PCAOB to be sequestrable under the Budget Control Act of 2011.4 For 2017, the PCAOB sequestered $17 million. That amount will become available in 2018. For 2018, the sequestration amount will be 6.6% or $17.2 million. Accordingly, the PCAOB should submit a revised spending plan for 2018 reflecting a $0.2 million reduction to budgeted expenditures as a result of the increase in sequestration amount from 2017 to 2018. The Commission has determined that the PCAOB’s 2018 budget and annual accounting support fee are consistent with Section 109 of the Sarbanes-Oxley Act. Accordingly, It is ordered, pursuant to Section 109 of the Sarbanes-Oxley Act, that the PCAOB budget and annual accounting support fee for calendar year 2018 are approved. By the Commission. Brent J. Fields, Secretary. [FR Doc. 2018–00642 Filed 1–16–18; 8:45 am] 2471 Engagement on Friday, January 19, 2018, beginning at 9:10 a.m. (ET). The meeting will be held at the New York University’s Salomon Center for the Study of Financial Institutions, 44 W. 4th Street, New York, NY 10112. PLACE: This meeting will begin at 9:10 a.m. (ET) and will be open to the public. Attendees can pre-register for in-person attendance or webcast. The meeting will be webcast live by NYU and later archived on the Commission’s website at www.sec.gov. STATUS: The event is scheduled to include welcome remarks by SEC Chairman Jay Clayton, concluding remarks by SEC Commissioner Kara Stein, and panel discussions that Commissioners may attend. The panel discussions will address, among other matters, the increasing ownership of public companies by large institutional investors, the influence of activist investors, the role of proxy advisory services, and other changes in the way investors and public companies engage with each other. This Sunshine Act notice is being issued because a majority of the Commission may attend the meeting. MATTERS TO BE CONSIDERED: CONTACT PERSON FOR MORE INFORMATION: 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 11, 2018. Brent J. Fields, Secretary. [FR Doc. 2018–00738 Filed 1–12–18; 11:15 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION BILLING CODE 8011–01–P [Release No. 34–82479; File No. SR– NASDAQ–2018–002] SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meetings Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Public Law 94–409, that the Commission will co-host the SEC–NYU Dialogue on Securities Markets—Shareholder TIME AND DATE: 4 See ‘‘OMB Report to the Congress on the Joint Committee Reductions for Fiscal Year 2018’’, Appendix page 16 of 16 available at https:// www.whitehouse.gov/sites/whitehouse.gov/files/ omb/sequestration_reports/2018_jc_sequestration_ report_may2017_potus.pdf. PO 00000 Frm 00050 Fmt 4703 Sfmt 4703 Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Add a New Rule 6200 To Codify Participant Risk Settings in the Exchange’s Trading System (as Set Forth in a Proposed IM–6200–1) and To Authorize the Exchange To Share Those Settings With the Clearing Member That Clears Transactions on Behalf of the Participant January 10, 2018. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 E:\FR\FM\17JAN1.SGM 17JAN1

Agencies

[Federal Register Volume 83, Number 11 (Wednesday, January 17, 2018)]
[Notices]
[Page 2471]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-00738]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meetings

TIME AND DATE:  Notice is hereby given, pursuant to the provisions of 
the Government in the Sunshine Act, Public Law 94-409, that the 
Commission will co-host the SEC-NYU Dialogue on Securities Markets--
Shareholder Engagement on Friday, January 19, 2018, beginning at 9:10 
a.m. (ET).

PLACE:  The meeting will be held at the New York University's Salomon 
Center for the Study of Financial Institutions, 44 W. 4th Street, New 
York, NY 10112.

STATUS:  This meeting will begin at 9:10 a.m. (ET) and will be open to 
the public. Attendees can pre-register for in-person attendance or 
webcast. The meeting will be webcast live by NYU and later archived on 
the Commission's website at www.sec.gov.

MATTERS TO BE CONSIDERED:  The event is scheduled to include welcome 
remarks by SEC Chairman Jay Clayton, concluding remarks by SEC 
Commissioner Kara Stein, and panel discussions that Commissioners may 
attend. The panel discussions will address, among other matters, the 
increasing ownership of public companies by large institutional 
investors, the influence of activist investors, the role of proxy 
advisory services, and other changes in the way investors and public 
companies engage with each other.
    This Sunshine Act notice is being issued because a majority of the 
Commission may attend the meeting.

CONTACT PERSON FOR MORE INFORMATION:  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 11, 2018.
Brent J. Fields,
Secretary.
[FR Doc. 2018-00738 Filed 1-12-18; 11:15 am]
 BILLING CODE 8011-01-P
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