Sunshine Act Meetings, 36626-36627 [2020-13089]
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Federal Register / Vol. 85, No. 117 / Wednesday, June 17, 2020 / Notices
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proprietary account of the Industry
Member when reporting the Firm
Designated ID?
(3) Should each Industry Member
make its own determination as to
whether it is it necessary to mask the
entity identifier when using an entity
identifier to report a Firm Designated
ID?
(4) Would requiring the Firm
Designated ID assigned by a brokerdealer to be persistent and unique for
each account for each business date be
sufficient to allow a single account to be
tracked across time within a single
Industry Member’s records?
(5) Does the proposed amendment
clearly define when and under what
circumstances relationship identifiers
could be used by Industry Members in
lieu of standard Firm Designated IDs?
Should the amended definition of Firm
Designated ID, or the Participants’
Compliance Rules,11 specify when or
how relationship identifiers can be
used? Does the proposed definition of
Firm Designated ID make clear what it
means for relationship identifiers to be
‘‘masked’’?
(6) Does the proposed amendment
clearly define when entity identifiers
could be used by Industry Members in
lieu of standard Firm Designated IDs?
Should the amended definition of Firm
Designated ID, or the Participants’
Compliance Rules, specify when entity
identifiers can be used?
(7) Would the proposed amendment
providing for usage of relationship
identifiers and entity identifiers have
any negative impact on customer
obligations that broker-dealers have
with regard to client accounts, such as
know-your-customer obligations?
(8) Would the proposed amendment
cause Industry Members to incur
additional expenses to alter their
existing workflows? If so, what is the
scope of these additional expenses?
(9) Would the proposed amendment
impact efficiency, competition or capital
formation?
(10) Would the proposed amendment
impact competition? If so, what type of
11 The CAT NMS Plan defines ‘‘Compliance
Rule’’ as, with respect to a Participant, the rule(s)
promulgated by such Participant as contemplated
by Section 3.11. See CAT NMS Plan, supra note 1,
at Section 1.1. Section 3.11 states that ‘‘[e]ach
Participant shall comply with and enforce
compliance, as required by SEC Rule 608(c), by its
Industry Members with the provisions of SEC Rule
613 and of this Agreement, as applicable, to the
Participant and its Industry Members. The
Participants shall endeavor to promulgate
consistent rules (after taking into account
circumstances and considerations that may impact
Participants differently) requiring compliance by
their respective Industry Members with the
provisions of SEC Rule 613 and this Agreement.’’
See id. at Section 3.11.
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competitors would be affected and in
what market? Would this change in
competition affect the services and/or
prices customers experience in this
market?
(11) Would any efficiency gains of the
proposed amendment impact capital
formation? If so, how? Would there be
other impacts on capital formation?
(12) Do commenters agree with the
Participants that by enhancing the
regulatory utility of the CAT while
reducing the need to access Customer
information, the proposed amendment
would enhance the efficiency and
capital formation of our markets? How
so?
(13) Will the proposed amendment
enhance the efficiency of CAT reporting
by permitting the usage of relationship
identifiers and entity identifiers as Firm
Designated IDs? Will the proposed
amendment permit Industry Members to
maintain existing order workflows,
rather than employing resources to alter
those workflows solely for CAT
reporting purposes?
Comments may be submitted by any
of the following methods:
Electronic Comments
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number 4–
698 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 4–698. 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
plan amendment that are filed with the
Commission, and all written
communications relating to the
amendment 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
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available for inspection and copying at
the Participants’ offices. 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 4–698 and should be submitted
on or before July 8, 2020.
By the Commission.
J. Matthew DeLesDernier,
Assistant Secretary.
Appendix A
[additions italicized; deletions bracketed]
LIMITED LIABILITY COMPANY
AGREEMENT OF CONSOLIDATED AUDIT
TRAIL, LLC
*
*
*
*
*
ARTICLE I
Section 1.1. Definitions. As used
throughout this Agreement (including, for the
avoidance of doubt, the Exhibits,
Appendices, Attachments, Recitals and
Schedules identified in this Agreement):
*
*
*
*
*
‘‘Firm Designated ID’’ means (1) a unique
and persistent identifier for each trading
account designated by Industry Members for
purposes of providing data to the Central
Repository provided, however, such identifier
may not be the account number for such
trading account if the trading account is not
a proprietary account; (2) a unique and
persistent relationship identifier when an
Industry Member does not have an account
number available to its order handling and/
or execution system at the time of order
receipt, provided, however, such identifier
must be masked; or (3) a unique and
persistent entity identifier when an employee
of an Industry Member is exercising
discretion over multiple client accounts and
creates an aggregated order for which a
trading account number of the Industry
Member is not available at the time of order
origination, where each such identifier is
unique among all identifiers from any given
Industry Member [for each business date].
*
*
*
*
*
[FR Doc. 2020–13000 Filed 6–16–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
FEDERAL REGISTER CITATION OF PREVIOUS
ANNOUNCEMENT: 85 FR 35966, June 12,
2020.
PREVIOUSLY ANNOUNCED TIME AND DATE OF
THE MEETING: Wednesday, June 17, 2020
at 2:00 p.m.
The Closed
Meeting scheduled for Wednesday, June
CHANGES IN THE MEETING:
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Federal Register / Vol. 85, No. 117 / Wednesday, June 17, 2020 / Notices
17, 2020 at 2:00 p.m. has been changed
to Wednesday, June 17, 2020 at 12:30
p.m.
CONTACT PERSON FOR MORE INFORMATION:
For further information and to ascertain
what, if any, matters have been added,
deleted or postponed, please contact
Vanessa A. Countryman, Secretary, in
the Office of the Secretary at (202) 551–
5400.
Dated: June 12, 2020.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2020–13089 Filed 6–15–20; 11:15 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–777, OMB Control No.
3235–0729]
Proposed Collection for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
khammond on DSKJM1Z7X2PROD with NOTICES
Extension:
Form N–CEN
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 (the
‘‘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.
The title for the collection of
information is ‘‘Form N–CEN under the
Investment Company Act of 1940.’’
Form N CEN is used to collect annual,
census-type information for registered
funds. Filers must submit this report
electronically using the Commission’s
electronic filing system ‘‘(EDGAR’’) in
Extensible Markup Language (‘‘XML’’)
format. The purpose of Form N–CEN is
to satisfy the filing and disclosure
requirements of Section 30 of the
Investment Company Act, and of rule
30a–1 thereunder.
We estimate that the average annual
hour burden to complete the generally
applicable items on Form N–CEN
response will be 12.31 hours per year.
We estimate that the aggregate annual
hour burden to complete the generally
applicable items will be 34,899 hours
per year. We therefore estimate that
filers would have total average
annualized paperwork related expenses
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related to complete the generally
applicable items of $12,249,496.35 for
reports on Form N–CEN. Additionally,
we estimate that filers will be required
to file 12,365 responses related to
liquidity risk management items on
Form N–CEN. We estimate that the
average annual hour burden of the
liquidity risk management items on
Form N–CEN will be one hour per
response per year, for an additional
average annual hour burden of 12,365
hours and average aggregate time costs
of $4,340,115. Additionally, we estimate
that filers will be required to file 9,854
responses regarding swing pricing. We
estimate that the average annual hour
burden as a result of the swing pricingrelated items on Form N–CEN will be an
additional 0.5 hour per fund per year for
an average annual hour burden of 4,927
hours and average aggregate time costs
of $1,729,377. We estimate that filers
will be required to file 2,091 responses
regarding rule 6c–11. For these
responses related to rule 6c–11, we an
average annual hour burden of 0.1 hour
per response per year, for an average
annual hour burden of 209.1 hours and
average aggregate time costs of
$73,394.1.
We estimate that the total hour
burdens and time costs associated with
Form N–CEN, including the burdens
associated with the liquidity-related,
swing pricing-related, and rule 6c–11related items, will result in an average
annual hour burden of 52,397 hours and
average aggregate time costs of
$18,392,382.45.
The requirements of this collection of
information are mandatory. 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 control
number.
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 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 David Bottom, Director/Chief
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36627
Information Officer, Securities and
Exchange Commission, C/O Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549; or send an email to: PRA_
Mailbox@sec.gov.
Dated: June 12, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–13069 Filed 6–16–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–89047; File No. SR–
CboeBZX–2020–048]
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change To Amend Its
Fee Schedule
June 11, 2020.
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 June 2,
2020, Cboe BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX’’) 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
Cboe BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX’’) is filing with the
Securities and Exchange Commission
(‘‘Commission’’) a proposed rule change
to amend its Fee Schedule. The text of
the proposed rule change is provided in
Exhibit 5.
The text of the proposed rule change
is also available on the Exchange’s
website (https://markets.cboe.com/us/
equities/regulation/rule_filings/bzx/), 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
1 15
2 17
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U.S.C. 78s(b)(1).
CFR 240.19b–4.
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]]>Agencies
[Federal Register Volume 85, Number 117 (Wednesday, June 17, 2020)]
[Notices]
[Pages 36626-36627]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-13089]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meetings
FEDERAL REGISTER CITATION OF PREVIOUS ANNOUNCEMENT: 85 FR 35966, June
12, 2020.
PREVIOUSLY ANNOUNCED TIME AND DATE OF THE MEETING: Wednesday, June 17,
2020 at 2:00 p.m.
CHANGES IN THE MEETING: The Closed Meeting scheduled for Wednesday,
June
[[Page 36627]]
17, 2020 at 2:00 p.m. has been changed to Wednesday, June 17, 2020 at
12:30 p.m.
CONTACT PERSON FOR MORE INFORMATION: For further information and to
ascertain what, if any, matters have been added, deleted or postponed,
please contact Vanessa A. Countryman, Secretary, in the Office of the
Secretary at (202) 551-5400.
Dated: June 12, 2020.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2020-13089 Filed 6-15-20; 11:15 am]
BILLING CODE 8011-01-P
