29846 Federal Register / Vol. 83, No. 123 / Tuesday, June 26, 2018 / Notices 

7 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3On December 8, 2017, OCC also filed this 

proposal as an advance notice SR–OCC–2017–809 

(‘‘Advance Notice’’) with the Commission pursuant 

to Section 806(e)(1) of Title VIII of the Dodd-Frank 

Wall Street Reform and Consumer Protection Act, 

entitled the Payment, Clearing, and Settlement 

Supervision Act of 2010 (12 U.S.C. 5465(e)(1)) and 

Rule 19b–4(n)(1)(i) of the Act (17 CFR 240.19b– 

4(n)(1)(i)). Notice of filing of the Advance Notice 

was published for comment in the Federal Register 

on January 23, 2018. Securities Exchange Act 

Release No. 82513 (Jan. 17, 2018), 83 FR 3244 (Jan. 

23, 2018) (SR–OCC–2017–809). 

On January 22, 2018, the Commission sent OCC 

a request for additional information, which tolls the 

Commission’s 60-day review period for the 

Advance Notice. See Memorandum from Office of 

Clearance and Settlement, Division of Trading and 

Markets, dated January 23, 2018, available at 

https://www.sec.gov/comments/sr-occ-2017-809/ 

occ2017809.htm. The new review period will be 60 

days from the date the Commission receives the 

information requested. See Section 806(e)(1). The 

proposal in the Proposed Rule Change and the 

Advance Notice shall not take effect until all 

regulatory actions required with respect to the 

proposal are completed. 

4Securities Exchange Act Release No. 82531 (Dec. 

19, 2017), 82 FR 61107 (Dec. 26, 2017) (SR–OCC– 

2017–020). 

5See Letter from Jacqueline H. Mesa, Senior Vice 

President of Global Policy, FIA, dated Jan. 16, 2018, 

available at https://www.sec.gov/comments/sr-occ2017-020/occ2017020.htm. Since the proposal 

contained in the Proposed Rule Change was also 

filed as an Advance Notice, the Commission is 

considering all public comments received on the 

proposal regardless of whether the comments are 

submitted to the Proposed Rule Change or the 

Advance Notice. 

6 15 U.S.C. 78s(b)(2)(B)(i). 

7See Securities Exchange Act Release No. 82926 

(March 22, 2018), 83 FR 13171 (March 27, 2018) 

(SR–OCC–2018–020). 

8 15 U.S.C. 78s(b)(2)(B)(ii). 

9 Id. 

10 Id. 

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–CBOE–2018–043. 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 (http://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 the 

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–CBOE–2018–043 and 

should be submitted on or before July 

17, 2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.7

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–13620 Filed 6–25–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–83484; File No. SR–OCC– 

2017–020] 

Self-Regulatory Organizations; 

Options Clearing Corporation; Notice 

of Designation of Longer Period for 

Commission Action on Proceedings To 

Determine Whether To Approve or 

Disapprove a Proposed Rule Change 

Concerning Enhanced and New Tools 

for Recovery Scenarios 

June 20, 2018. 

On December 18, 2017, The Options 

Clearing Corporation (‘‘OCC’’) filed with 

the Securities and Exchange 

Commission (‘‘Commission’’) proposed 

rule change SR–OCC–2017–020 

(‘‘Proposed Rule Change’’) pursuant to 

Section 19(b)(1) of the Securities 

Exchange Act of 1934 (‘‘Act’’),1 and 

Rule 19b–4 thereunder,2 concerning 

enhanced and new tools for recovery 

scenarios.3 The Proposed Rule Change 

was published for comment in the 

Federal Register on December 26, 

2017.4 To date, the Commission has 

received one comment letter to the 

Proposed Rule Change.5 On March 22, 

2018, the Commission instituted 

proceedings under Section 19(b)(2)(B)(i) 

of the Act 6 to determine whether to 

approve or disapprove the Proposed 

Rule Change.7

Section 19(b)(2)(B)(ii) of the Act 

provides that, after initiating 

proceedings, the Commission shall issue 

an order approving or disapproving the 

proposed rule change not later than 180 

days after the date of publication of 

notice of filing of the proposed rule 

change.8 The Commission may, 

however, extend the period for issuing 

an order approving or disapproving the 

proposed rule change by not more than 

60 days if the Commission determines 

that a longer period is appropriate and 

publishes the reasons for such 

determination.9

The 180th day after publication of the 

notice for the Proposed Rule Change in 

the Federal Register is June 24, 2018. 

The Commission finds it appropriate to 

designate a longer period within which 

to issue an order approving or 

disapproving the Proposed Rule Change 

so that it has sufficient time to consider 

the Proposed Rule Change and the 

comment received. Accordingly, the 

Commission, pursuant to Section 

19(b)(2)(B)(ii) of the Act,10 designates 

August 23, 2018 as the date by which 

the Commission shall either approve or 

disapprove the Proposed Rule Change. 

The Commission also seeks additional 

comment to help further inform its 

analysis of the Proposed Rule Change. 

Specifically, the Commission invites 

interested persons to provide views, 

data, and arguments concerning the 

Proposed Rule Change, including 

whether the Proposed Rule Change is 

consistent with the Act and the 

applicable rules or regulations 

thereunder. Please note that comments 

previously received on the substance of 

the Proposed Rule Change will be 

considered together with comments 

submitted in response to this notice. 

Therefore, while commenters are free to 

submit additional comments at this 

time, they need not re-submit earlier 

comments. 

Comments may be submitted by any 

of the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

OCC–2017–020 on the subject line. 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 123 / Tuesday, June 26, 2018 / Notices 29847 

11 17 CFR 200.30–3(a)(57). 

1 15 U.S.C. 78m(f). 

2 15 U.S.C. 78a et seq. 

3 17 CFR 240.13f–1. 

4 17 CFR 249.325. 

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–OCC–2017–020. 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 (http://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 OCC and on OCC’s website at 

https://www.theocc.com/about/ 

publications/bylaws.jsp. 

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–OCC–2017–020 and should 

be submitted on or before July 11, 2018. 

Any person who wishes to file a rebuttal 

to any other person’s submission must 

file that rebuttal on or before July 17, 

2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–13637 Filed 6–25–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission 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 

Extension: 

Form 13F, SEC File No. 270–022, OMB 

Control No. 3235–0006 

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’’) has submitted to the 

Office of Management and Budget a 

request for extension of the previously 

approved collection of information 

discussed below. 

Section 13(f) 1 of the Securities 

Exchange Act of 1934 2 (the ‘‘Exchange 

Act’’) empowers the Commission to: (1) 

Adopt rules that create a reporting and 

disclosure system to collect specific 

information; and (2) disseminate such 

information to the public. Rule 13f–1 3

under the Exchange Act requires 

institutional investment managers that 

exercise investment discretion over 

accounts that have in the aggregate a fair 

market value of at least $100,000,000 of 

certain U.S. exchange-traded equity 

securities, as set forth in rule 13f–1(c), 

to file quarterly reports with the 

Commission on Form 13F.4

The information collection 

requirements apply to institutional 

investment managers that meet the $100 

million reporting threshold. Section 

13(f)(6)(A) of the Exchange Act defines 

an ‘‘institutional investment manager’’ 

as any person, other than a natural 

person, investing in or buying and 

selling securities for its own account, 

and any person exercising investment 

discretion with respect to the account of 

any other person. Rule 13f–1(b) under 

the Exchange Act defines ‘‘investment 

discretion’’ for purposes of Form 13F 

reporting. 

The reporting system required by 

Section 13(f) of the Exchange Act is 

intended, among other things, to create 

in the Commission a central repository 

of historical and current data about the 

investment activities of institutional 

investment managers, and to improve 

the body of factual data available to 

regulators and the public. 

The Commission staff estimates that 

5,837 respondents make approximately 

23,348 responses under the rule each 

year. The staff estimates that on average, 

Form 13F filers spend 80.8 hours/year 

to prepare and submit the report. In 

addition, the staff estimates that 223 

respondents file approximately 829 

amendments each year. The staff 

estimates that on average, Form 13F 

filers spend 4 hours/year to prepare and 

submit amendments to Form 13F. The 

total annual burden of the rule’s 

requirements for all respondents 

therefore is estimated to be 472,521.6 

hours [(471,629.6 hours (5,837 filers × 

80.8 hours)) + (892 (223 filers × 4 

hours))]. 

The estimate of average burden hours 

is made solely for the purposes of the 

Paperwork Reduction Act. The estimate 

is not derived from a comprehensive or 

even a representative survey or study of 

the costs of Commission rules. 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. 

The public may view the background 

documentation for this information 

collection at the following website, 

www.reginfo.gov. Comments should be 

directed to: (i) Desk Officer for the 

Securities and Exchange Commission, 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Room 10102, New Executive 

Office Building, Washington, DC 20503, 

or by sending an email to: Shagufta_

Ahmed@omb.eop.gov; and (ii) 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. Comments must be submitted to 

OMB within 30 days of this notice. 

Dated: June 18, 2018. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–13685 Filed 6–25–18; 8:45 am] 

BILLING CODE 8011–01–P 


sradovich on DSK3GMQ082PROD with NOTICES