Proposed Collection; Comment Request, 60510 [2018-25684]
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60510
Federal Register / Vol. 83, No. 227 / Monday, November 26, 2018 / Notices
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:
Schedule 14D–1F, SEC File No. 270–338,
OMB Control No. 3235–0376.
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.
Schedule 14D–1F (17 CFR 240.14d–
102) is a form that may be used by any
person (the ‘‘bidder’’) making a cash
tender or exchange offer for securities of
any issuer (the ‘‘target’’) incorporated or
organized under the laws of Canada or
any Canadian province or territory that
is a foreign private issuer, where less
than 40% of the outstanding class of the
target’s securities that is the subject of
the offer is held by U.S. holders.
Schedule 14D–1F is designed to
facilitate cross-border transactions in
the securities of Canadian issuers. The
information required to be filed with the
Commission provides security holders
with material information regarding the
bidder as well as the transaction so that
they may make informed investment
decisions. Schedule 14D–1F takes
approximately 2 hours per response to
prepare and is filed by approximately 2
respondents annually for a total
reporting burden of 4 hours (2 hours per
response × 2 responses).
Written comments are invited on: (a)
Whether this 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.
VerDate Sep<11>2014
17:28 Nov 23, 2018
Jkt 247001
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 comments
to Charles Riddle, Acting 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.
Dated: November 20, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–25684 Filed 11–23–18; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–84622; File No. SR–
NASDAQ–2018–089]
Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Correct a
Typographical Error in Rule
4702(b)(7)(A)
November 19, 2018.
Pursuant to 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 November
8, 2018, The Nasdaq Stock Market LLC
(‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II
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 correct a
typographical error in Rule
4702(b)(7)(A). The text of the proposed
rule change is available on the
Exchange’s website at https://
nasdaq.cchwallstreet.com, at the
principal office of the Exchange, 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
1 15
2 17
PO 00000
U.S.C. 78s(b)(1).
CFR 240.19b–4.
Frm 00120
Fmt 4703
Sfmt 4703
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.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The purpose of this filing is to correct
a typographical error in Rule
4702(b)(7)(A). That provision describes
the ‘‘Market Maker Peg Order’’ order
type,3 including by providing examples
of how the order type operates in
practice. One of these examples, which
contains the typographical error in
question, illustrates the principle that
once a Market Maker Peg Order has
posted to the Nasdaq Book, it will be
repriced if needed as the Reference
Price 4 changes. In particular, the
principle states that when, as a result of
a change to the Reference Price, the
difference between the displayed price
of a Market Maker Peg Order and the
Reference Price reaches the Defined
Limit,5 then a Market Maker Peg Order
3 Rule 4702(b)(7) defines a Market Maker Peg
Order as follows:
A ‘‘Market Maker Peg Order’’ is an Order Type
designed to allow a Market Maker to maintain a
continuous two-sided quotation at a displayed price
that is compliant with the quotation requirements
for Market Makers set forth in Rule 4613(a)(2). The
displayed price of the Market Maker Peg Order is
set with reference to a ‘‘Reference Price’’ in order
to keep the displayed price of the Market Maker Peg
Order within a bounded price range. A Market
Maker Peg Order may be entered through RASH,
FIX or QIX only. A Market Maker Peg Order must
be entered with a limit price beyond which the
Order may not be priced. The Reference Price for
a Market Maker Peg Order to buy (sell) is the thencurrent National Best Bid (National Best Offer)
(including Nasdaq), or if no such National Best Bid
or National Best Offer, the most recent reported lastsale eligible trade from the responsible single plan
processor for that day, or if none, the previous
closing price of the security as adjusted to reflect
any corporate actions (e.g., dividends or stock
splits) in the security.
4 See id. Rule 4613 states that the ‘‘Designated
Percentage’’ shall be as follows: ‘‘8% for securities
subject to Rule 4120(a)(11)(A), 28% for securities
subject to Rule 4120(a)(11)(B), and 30% for
securities subject to Rule 4120(a)(11)(C), except that
between 9:30 a.m. and 9:45 a.m. and between 3:35
p.m. and the close of trading, when Rule
4120(a)(11) is not in effect, the Designated
Percentage shall be 20% for securities subject to
Rule 4120(a)(11)(A), 28% for securities subject to
Rule 4120(a)(11)(B), and 30% for securities subject
to Rule 4120(a)(11)(C). The Designated Percentage
for rights and warrants shall be 30%.’’
5 The ‘‘Defined Limit’’ is defined in Rule 4613 as
‘‘9.5% for securities subject to Rule 4120(a)(11)(A),
29.5% for securities subject to Rule 4120(a)(11)(B),
E:\FR\FM\26NON1.SGM
26NON1
]]>Agencies
[Federal Register Volume 83, Number 227 (Monday, November 26, 2018)]
[Notices]
[Page 60510]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-25684]
[[Page 60510]]
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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:
Schedule 14D-1F, SEC File No. 270-338, OMB Control No. 3235-
0376.
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.
Schedule 14D-1F (17 CFR 240.14d-102) is a form that may be used by
any person (the ``bidder'') making a cash tender or exchange offer for
securities of any issuer (the ``target'') incorporated or organized
under the laws of Canada or any Canadian province or territory that is
a foreign private issuer, where less than 40% of the outstanding class
of the target's securities that is the subject of the offer is held by
U.S. holders. Schedule 14D-1F is designed to facilitate cross-border
transactions in the securities of Canadian issuers. The information
required to be filed with the Commission provides security holders with
material information regarding the bidder as well as the transaction so
that they may make informed investment decisions. Schedule 14D-1F takes
approximately 2 hours per response to prepare and is filed by
approximately 2 respondents annually for a total reporting burden of 4
hours (2 hours per response x 2 responses).
Written comments are invited on: (a) Whether this 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 comments to Charles Riddle, Acting
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: November 20, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-25684 Filed 11-23-18; 8:45 am]
BILLING CODE 8011-01-P
