34190 Federal Register / Vol. 83, No. 139 / Thursday, July 19, 2018 / Notices 

70See supra notes 5 and 6. 

71 15 U.S.C. 78s(b)(2). 

72 15 U.S.C. 78s(b)(2). 

73 17 CFR 200.30–3(a)(12). 

1The rule requires a contract with the FCM to 

contain two provisions requiring the FCM to 

comply with existing requirements under the CEA 

Commission believes that the Rule 17d– 

2 Plan, RSA, and Exception reporting 

requirements, procedures, and internal 

controls would help protect the 

independence of the Exchange’s selfregulatory function with respect to 

ArcaSec. The Commission also believes 

that the proposed rule is designed to 

prevent ArcaSec from acting on nonpublic information obtained as a result 

of its affiliation with the Exchange, and 

that the proposed changes are consistent 

with the Exchange Act. 

III. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the Amendment Nos. 

2 and 3 to the proposed rule change is 

consistent with the Exchange Act. 

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– 

CHX–2018–004 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–CHX–2018–004. 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–CHX–2018–004, and 

should be submitted on or before 

August 9, 2018. 

IV. Accelerated Approval of Proposed 

Rule Change, as Modified by 

Amendment Nos. 1, 2, and 3 

The Commission finds good cause to 

approve the proposed rule change, as 

modified by Amendment Nos. 1, 2, and 

3 prior to the 30th day after the date of 

publication of notice of Amendments 

Nos. 2 and 3 in the Federal Register. As 

noted above, Amendment Nos. 2 and 3 

do not change the structure or purpose 

of the proposed rule change as it was 

previously published for notice and 

comment.70 The Commission believes 

that an additional notice and comment 

period for Amendment Nos. 2 and 3 

before approval of the proposed rule 

change would not be in furtherance of 

the public interest or the protection of 

investors. Accordingly, the Commission 

finds good cause, pursuant to Section 

19(b)(2) of the Exchange Act,71 to 

approve the proposed rule change, as 

modified by Amendment Nos. 1, 2, and 

3, on an accelerated basis. 

V. Conclusion 

For the foregoing reasons, the 

Commission finds that the proposed 

rule change, as modified by 

Amendments Nos. 1, 2, and 3 is 

consistent with the Exchange Act and 

the rules and regulations thereunder 

applicable to a national securities 

exchange. 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Exchange Act 72

that the proposed rule change (SR– 

CHX–2018–004), as modified by 

Amendments Nos. 1, 2, and 3, be, and 

hereby is, approved on an accelerated 

basis. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.73

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–15370 Filed 7–18–18; 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: 

Rule 17f–6; SEC File No. 270–392, OMB 

Control No. 3235–0447 

Notice is hereby given that, under the 

Paperwork Reduction Act of 1995 (44 

U.S.C. 3501–3520), 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. 

Rule 17f–6 (17 CFR 270.17f–6) under 

the Investment Company Act of 1940 

(15 U.S.C. 80a) permits registered 

investment companies (‘‘funds’’) to 

maintain assets (i.e., margin) with 

futures commission merchants 

(‘‘FCMs’’) in connection with 

commodity transactions effected on 

both domestic and foreign exchanges. 

Before the rule was adopted, funds 

generally were required to maintain 

such assets in special accounts with a 

custodian bank. 

The rule requires a written contract 

that contains certain provisions 

designed to ensure important safeguards 

and other benefits relating to the 

custody of fund assets by FCMs. To 

protect fund assets, the contract must 

require that FCMs comply with the 

segregation or secured amount 

requirements of the Commodity 

Exchange Act (‘‘CEA’’) and the rules 

under that statute. The contract also 

must contain a requirement that FCMs 

obtain an acknowledgment from any 

clearing organization that the fund’s 

assets are held on behalf of the FCM’s 

customers according to CEA provisions. 

Because rule 17f–6 does not impose 

any ongoing obligations on funds or 

FCMs, Commission staff estimates there 

are no costs related to existing contracts 

between funds and FCMs. This estimate 

does not include the time required by an 

FCM to comply with the rule’s contract 

requirements because, to the extent that 

complying with the contract provisions 

could be considered ‘‘collections of 

information,’’ the burden hours for 

compliance are already included in 

other PRA submissions.1


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 139 / Thursday, July 19, 2018 / Notices 34191 

and rules adopted thereunder. Thus, to the extent 

these provisions could be considered collections of 

information, the hours required for compliance 

would be included in the collection of information 

burden hours submitted by the CFTC for its rules. 

2This estimate is based on the number of funds 

that reported on Form N–SAR from June 1, 2017– 

November 30, 2017, in response to sub-items E 

through I of item 70, that they engaged in futures 

and commodity options transactions. 

3These estimates are based on the assumption 

that 10% of fund complexes and funds enter into 

new FCM contracts each year. This assumption 

encompasses fund complexes and funds that enter 

into FCM contracts for the first time, as well as fund 

complexes and fund that change the FCM with 

whom they maintain margin accounts for 

commodities transactions. 

4This estimate is based upon the following 

calculation: (21 fund complexes × 1 hour) + (283 

funds × 0.1 hours) = 49 hours. 

Thus, Commission staff estimates that 

any burden of the rule would be borne 

by funds and FCMs entering into new 

contracts pursuant to the rule. 

Commission staff estimates that 

approximately 214 fund complexes and 

2,825 funds currently effect 

commodities transactions and could 

deposit margin with FCMs in 

connection with those transactions 

pursuant to rule 17f–6.2 Staff further 

estimates that of this number, 21 fund 

complexes and 283 funds enter into new 

contracts with FCMs each year.3

Based on conversations with fund 

representatives, Commission staff 

understands that fund complexes 

typically enter into contracts with FCMs 

on behalf of all funds in the fund 

complex that engage in commodities 

transactions. Funds covered by the 

contract are typically listed in an 

attachment, which may be amended to 

encompass new funds. Commission staff 

estimates that the burden for a fund 

complex to enter into a contract with an 

FCM that contains the contract 

requirements of rule 17f–6 is one hour, 

and further estimates that the burden to 

add a fund to an existing contract 

between a fund complex and an FCM is 

6 minutes. 

Accordingly, Commission staff 

estimates that funds and FCMs spend 49 

burden hours annually complying with 

the information collection requirements 

of rule 17f–6.4 These estimates are made 

solely for the purposes of the Paperwork 

Reduction Act, and are not derived from 

a comprehensive or even a 

representative survey or study of the 

costs of Commission rules and forms. 

Compliance with the collection of 

information requirements of the rule is 

necessary to obtain the benefit of relying 

on the rule. 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: July 13, 2018. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–15374 Filed 7–18–18; 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: 

Rule 17a–6, SEC File No. 270–433, OMB 

Control No. 3235–0489 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for extension of the 

previously approved collection of 

information provided for in Rule 17a–6 

(17 CFR 240.17a–6) under the Securities 

Exchange Act of 1934 (15 U.S.C. 78a et 

seq.). 

Rule 17a–6 permits national securities 

exchanges, national securities 

associations, registered clearing 

agencies, and the Municipal Securities 

Rulemaking Board (‘‘MSRB’’) 

(collectively, ‘‘SROs’’) to destroy or 

convert to microfilm or other recording 

media records maintained under Rule 

17a–1, if they have filed a record 

destruction plan with the Commission 

and the Commission has declared such 

plan effective. 

There are currently 32 SROs: 21 

national securities exchanges, 1 national 

securities association, the MSRB, and 9 

registered clearing agencies. Of the 32 

SROs, only 2 SRO respondents have 

filed a record destruction plan with the 

Commission. The staff calculates that 

the preparation and filing of a new 

record destruction plan should take 160 

hours. Further, any existing SRO record 

destruction plans may require revision, 

over time, in response to, for example, 

changes in document retention 

technology, which the Commission 

estimates will take much less than the 

160 hours estimated for a new plan. The 

Commission estimates that each SRO 

that has filed a destruction plan will 

spend approximately 30 hours per year 

making required revisions. Thus, the 

total annual compliance burden is 

estimated to be 60 hours per year based 

on two respondents. The approximate 

compliance cost per hour is $422, 

resulting in a total internal cost of 

compliance for these respondents of 

$25,320 per year (60 hours @ $422 per 

hour). 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

The public may view 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 by 

sending an email to: PRA_Mailbox@

sec.gov. Comments must be submitted to 

OMB within 30 days of this notice. 

Dated: July 13, 2018. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–15378 Filed 7–18–18; 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: 

Rule 17a–5(c); SEC File No. 270–199, OMB 

Control No. 3235–0199. 


sradovich on DSK3GMQ082PROD with NOTICES