Proposed Collection; Comment Request, 31822-31823 [2018-14653]

Download as PDF sradovich on DSK3GMQ082PROD with NOTICES 31822 Federal Register / Vol. 83, No. 131 / Monday, July 9, 2018 / Notices changes are similar to certain rules of the NYSE.44 Thus, the Exchange believes there are no new inter-market competitive burdens imposed as a result of the proposed rule changes, which are designed to augment certain of the Exchange’s automated and manual processes governing IPO Auctions with certain manual IPO Auction processes utilized by the NYSE. To the contrary, the Exchange believes the proposed changes may serve as a catalyst for competition in the market for IPOs by providing underwriters a familiar tool for managing the IPO auction process while simultaneously enhancing IPO Auction transparency for market participants. In addition, the Exchange does not believe that the proposed changes will have any impact on intra-market competition. Specifically, as discussed above, the proposed changes are designed to increase transparency to market participants regarding the supply and demand for an IPO security by requiring the underwriter to provide the Exchange with the proposed IPO Price Band for broad publication. Broad publication of the IPO Price Band and the proposed integration with IEX Auction Information is designed to enhance price discovery in the IPO Auction process, to the benefit of all market participants, by providing information about Imbalance Shares and Paired Shares at a price that better reflects where the underwriter believes the IPO Auction match is anticipated to occur, and thus inviting offsetting interest within such range. Moreover, the Exchange notes that the proposed IPO Price Band will be disseminated via IEX Auction Information, which is available free of charge through the Exchange’s existing proprietary data feeds.45 Moreover, the proposed IPO Price Band will be disseminated via the SIP,46 which is a widely consumed data product.47 Accordingly, the proposed changes would apply to all Members on a fair and equal basis, in that all market participants have an equal opportunity to consume IEX Auction Information and/or SIP data. Accordingly, the Exchange believes there are no intramarket competitive burdens imposed as a result of the proposed rule changes. Lastly, the Exchange believes that proposed Supplemental Material .01 to Rule 11.280(h)(8) does not result in any undue burden on competition, as any qualified market participant may 44 See supra notes 11, 27–30. 45 See Rule 11.330. 46 See supra note 9 [sic]. 47 See, e.g., CTA SIP Tape A & B subscriber/ household metrics. VerDate Sep<11>2014 18:00 Jul 06, 2018 Jkt 244001 become a Member of the Exchange free of charge,48 or may alternatively enter into private arrangements to appoint any approved Exchange Member to perform the functions under Rule 11.280(h)(8) that are performed by the underwriter with respect to the IPO Auction. 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 Exchange has designated this rule filing as non-controversial under Section 19(b)(3)(A) 49 of the Act and Rule 19b–4(f)(6) 50 thereunder. Because the proposed rule change does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b4(f)(6) thereunder. 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 under Section 19(b)(2)(B) 51 of the Act to determine whether the proposed rule change should be approved or disapproved. • Send an email to rule-comments@ sec.gov. Please include File Number SR– IEX–2018–13 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–IEX–2018–13. 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 website (https://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent 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 website 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 office of the Exchange. All comments received will be posted without change. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR–IEX–2018–13, and should be submitted on or before July 30, 2018. 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: For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.52 Eduardo A. Aleman, Assistant Secretary. Electronic Comments • Use the Commission’s internet comment form (https://www.sec.gov/ rules/sro.shtml); or SECURITIES AND EXCHANGE COMMISSION 48 See the IEX Fee Schedule, which currently provides for free Membership on the Exchange, available at https://iextrading.com/trading/fees/. 49 15 U.S.C. 78s(b)(3)(A). 50 17 CFR 240.19b–4(f)(6). 51 15 U.S.C. 78s(b)(2)(B). PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 [FR Doc. 2018–14546 Filed 7–6–18; 8:45 am] BILLING CODE P Proposed Collection; Comment Request Upon Written Request Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 52 17 E:\FR\FM\09JYN1.SGM CFR 200.30–3(a)(12). 09JYN1 Federal Register / Vol. 83, No. 131 / Monday, July 9, 2018 / Notices 100 F Street NE, Washington, DC 20549–2736 sradovich on DSK3GMQ082PROD with NOTICES Extension: Form 40–F, SEC File No. 270–335, OMB Control No. 3235–0381 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’’) is soliciting comments on the collection 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. Form 40–F (17 CFR 249.240f) is used by certain Canadian issuers to register a class of securities under Section 12 of the Securities Exchange Act of 1934 (‘‘Exchange Act’’) (15 U.S.C. 78l) or as an annual report pursuant to Section 13(a) or 15 (d) of the Exchange Act (15 U.S.C. 78m(a) or 78o(d)). The information required in the Form 40–F is used by investors in making investment decisions with respect to the securities of such Canadian companies. We estimate that Form 40–F takes approximately 429.93 hours per response and is filed by approximately 132 respondents. We estimate that 25% of the 429.93 hours per response (107.48 hours) is prepared by the issuer for a total reporting burden of 14,187 (107.48 hours per response × 132 responses). Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency’s estimate of the burden imposed by 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. 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 control number. Please direct your written comment to Pamela Dyson, Director/Chief Information Officer, Securities and Exchange Commission, c/o Candace Kenner, 100 F Street NE, Washington, DC 20549 or send an email to: PRA_ Mailbox@sec.gov. VerDate Sep<11>2014 18:00 Jul 06, 2018 Jkt 244001 Dated: July 3, 2018. Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018–14653 Filed 7–6–18; 8:45 am] BILLING CODE 8011–01–P [Release No. 34–83584; File No. SR–CBOE– 2018–049] Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fees Schedule Concerning MSCI EAFE Index Options and MSCI Emerging Markets Index Options July 2, 2018. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on July 2, 2018, Cboe Exchange, Inc. (the ‘‘Exchange’’ or ‘‘Cboe Options’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the 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 proposes to amend its Fees Schedule. The text of the proposed rule change is available on the Exchange’s website (https:// www.cboe.com/AboutCBOE/CBOELegal RegulatoryHome.aspx), at the Exchange’s Office of the Secretary, 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, 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. PO 00000 2 17 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00109 Fmt 4703 A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose SECURITIES AND EXCHANGE COMMISSION 1 15 31823 Sfmt 4703 The Exchange proposes to amend its Fees Schedule, effective July 2, 2018. Particularly, the Exchange is proposing to adopt a customer transaction fee for MSCI EAFE Index (MXEA) options and MSCI Emerging Markets Index (MXEF) options (‘‘MSCI Options’’). Currently, the Exchange does not assess any customer transaction fees for MSCI options. The Exchange is proposing to adopt a $0.25 per contract fee for customer transaction fees for transactions in MSCI Options. The Exchange notes that the proposed fee amount is in line with customer transaction fees assessed on other index products.3 2. Statutory Basis The Exchange believes the proposed rule change is consistent with the Securities Exchange Act of 1934 (the ‘‘Act’’) and the rules and regulations thereunder applicable to the Exchange and, in particular, the requirements of Section 6(b) of the Act.4 Specifically, the Exchange believes the proposed rule change is consistent with Section 6(b)(4) of the Act,5 which provides that Exchange rules may provide for the equitable allocation of reasonable dues, fees, and other charges among its Trading Permit Holders and other persons using its facilities. In particular, the proposed change is reasonable because the proposed fee amount is within the range of amounts assessed on other index products (e.g., OEX Weeklys, XEO Weeklys and Sector Indexes).6 The proposed change to the customer MSCI options transaction fees is equitable and not unfairly discriminatory because it applies uniformly to all customer transactions in MSCI options. The Exchange also believes it’s reasonable, equitable and not unfairly discriminatory that the proposed fee amount is still less than the amount assessed for MSCI options for other market participants because Customer order flow enhances liquidity on the Exchange for the benefit of all market participants. 3 See Cboe Options Fees Schedule, Index Options Rate Table and Specified Proprietary Index Options Rate Table. 4 15 U.S.C. 78f(b). 5 15 U.S.C. 78f(b)(4). 6 See Cboe Options Fees Schedule, Specified Proprietary Index Options Rate Table—Underlying Symbol List A and Sector Indexes. E:\FR\FM\09JYN1.SGM 09JYN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 83, Number 131 (Monday, July 9, 2018)]
[Notices]
[Pages 31822-31823]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-14653]


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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,

[[Page 31823]]

100 F Street NE, Washington, DC 20549-2736

Extension:
    Form 40-F, SEC File No. 270-335, OMB Control No. 3235-0381

    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'') is soliciting comments on the collection 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.
    Form 40-F (17 CFR 249.240f) is used by certain Canadian issuers to 
register a class of securities under Section 12 of the Securities 
Exchange Act of 1934 (``Exchange Act'') (15 U.S.C. 78l) or as an annual 
report pursuant to Section 13(a) or 15 (d) of the Exchange Act (15 
U.S.C. 78m(a) or 78o(d)). The information required in the Form 40-F is 
used by investors in making investment decisions with respect to the 
securities of such Canadian companies. We estimate that Form 40-F takes 
approximately 429.93 hours per response and is filed by approximately 
132 respondents. We estimate that 25% of the 429.93 hours per response 
(107.48 hours) is prepared by the issuer for a total reporting burden 
of 14,187 (107.48 hours per response x 132 responses).
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden imposed by 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.
    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 control number.
    Please direct your written comment to Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Candace 
Kenner, 100 F Street NE, Washington, DC 20549 or send an email to: 
[email protected].

    Dated: July 3, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-14653 Filed 7-6-18; 8:45 am]
 BILLING CODE 8011-01-P

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