Federal Register / Vol. 77, No. 38 / Monday, February 27, 2012 / Notices 11601 

or earns more than prescribed dollar 

amounts from either non-railroad 

employment or self-employment. 

Certain types of work may indicate an 

annuitant’s recovery from disability. 

The provisions relating to the reduction 

or non-payment of an annuity by reason 

of work, and an annuitant’s recovery 

from disability for work, are prescribed 

in 20 CFR 220.17–220.20. The RRB 

conducts continuing disability reviews 

(CDR) to determine whether an 

annuitant continues to meet the 

disability requirements of the law. 

Provisions relating to when and how 

often the RRB conducts CDRs are 

prescribed in 20 CFR 220.186. 

Form G–254, Continuing Disability 

Report, is used by the RRB to develop 

information for a CDR determination, 

including a determination prompted by 

a report of work, return to railroad 

service, allegation of medical 

improvement, or a routine disability 

review call-up. 

Form G–254a, Continuing Disability 

Update Report, is used to help identify 

a disability annuitant whose work 

activity and/or recent medical history 

warrants completion of Form G–254 for 

a more extensive review. 

Completion is required to retain a 

benefit. One response is requested of 

each respondent to Forms G–254 and G– 

254a. 

Previous Requests for Comments: The 

RRB has already published the initial 

60-day notice (76 FR 80988 on 

December 27, 2011) required by 44 

U.S.C. 3506(c)(2). That request elicited 

no comments. 

Information Collection Request (ICR) 

Title: Continuing Disability Report. 

OMB Control Number: 3220–0187. 

Forms submitted: G–254 and G–254a. 

Type of request: Revision of a 

currently approved collection. 

Affected public: Individuals or 

Households. 

Abstract: Under the Railroad 

Retirement Act, a disability annuity can 

be reduced or not paid, depending on 

the amount of earnings and type of work 

performed. The collection obtains 

information about a disabled annuitant’s 

employment and earnings. 

Changes proposed: The RRB proposes 

non-burden impacting editorial and 

formatting changes to Form G–254 and 

revision of Form G–254a to include a 

request for the applicant’s daytime 

telephone number to resolve any 

ambiguous issues. 

The burden estimate for the ICR is as 

follows: 

Form No. Annual 

responses 

Time 

(minutes) 

Burden 

(hours) 

G–254 .............................................................................................................................. 1,500 5–35 623 

G–254a ............................................................................................................................ 1,500 5 125 

Total .......................................................................................................................... 3,000 ............................ 748 

Additional Information or Comments: 

Copies of the forms and supporting 

documents can be obtained from Dana 

Hickman at (312) 751–4981 or 

Dana.Hickman@RRB.GOV. 

Comments regarding the information 

collection should be addressed to 

Charles Mierzwa, Railroad Retirement 

Board, 844 North Rush Street, Chicago, 

Illinois 60611–2092 or 

Charles.Mierzwa@RRB.GOV and to the 

OMB Desk Officer for the RRB, Fax: 

202–395–6974, Email address: 

OIRA_Submission@omb.eop.gov. 

Charles Mierzwa, 

Chief of Information Resources Management. 

[FR Doc. 2012–4455 Filed 2–24–12; 8:45 am] 

BILLING CODE 7905–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Mutual Fund Interactive Data; SEC File No. 

270–580; OMB Control No. 3235–0642. 

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 (‘‘OMB’’) for 

extension and approval. 

Open-end management investment 

companies (‘‘funds’’) are required to 

submit to the Commission information 

included in their registration 

statements, or information included in 

or amended by post-effective 

amendments thereto, in response to 

Items 2, 3, and 4 (‘‘risk/return summary 

information’’) of Form N–1A (17 CFR 

239.15A and 274.11A) in interactive 

data format and to post it on their Web 

sites, if any, in interactive data form. In 

addition, funds are required to submit 

an interactive data file to the 

Commission for any form of prospectus 

filed pursuant to rule 497(c) or (e) (17 

CFR 230.497) under the Securities Act 

of 1933 (15 U.S.C. 77a et seq.) that 

includes risk/return summary 

information that varies from the 

registration statement and to post the 

interactive data file on their Web sites, 

if any. 

The title for the collection of 

information for submitting risk/return 

summary information in interactive data 

format is ‘‘Mutual Fund Interactive 

Data.’’ This collection of information 

relates to regulations and forms adopted 

under the Securities Act, the Securities 

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

seq.), and the Investment Company Act 

of 1940 (15 U.S.C. 80a–1 et seq.) that set 

forth disclosure requirements for funds 

and other issuers. The purpose of the 

Mutual Fund Interactive Data 

requirements is to make risk/return 

summary information easier for 

investors to analyze and to assist in 

automating regulatory filings and 

business information processing. 

Funds are required to file an initial 

registration statement on Form N–1A 

and to update that registration statement 

annually. The Commission estimates 

that each fund will submit one 

interactive data document as an exhibit 

to a registration statement or a posteffective amendment thereto on Form 

N–1A that includes or amends 

information provided in response to 

Items 2, 3 or 4 annually. In addition, 

based on a review by Commission staff 

of Mutual Fund Interactive Data 

submissions in calendar year 2011, the 

Commission estimates that 33% of 

funds will provide risk/return summary 

information as interactive data in 

additional filings submitted pursuant to 

rule 485(b) (17 CFR 230.485(b)) or rule 

497 under the Securities Act annually. 

The Commission estimates that the 

total annual hour burden associated 

with tagging risk/return summary 

information is approximately 11 hours. 

Based on estimates of 9,800 funds each 

submitting one interactive data 

document as an exhibit to a registration 


srobinson on DSK4SPTVN1PROD with NOTICES
11602 Federal Register / Vol. 77, No. 38 / Monday, February 27, 2012 / Notices 

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

2 17 CFR 240.19b–4. 

3See Exchange Rule 7034(b), Connectivity to 

Nasdaq. All co-location services are provided by 

NASDAQ Technology Services LLC. 

4 15 U.S.C. 78f(b). 

statement or post-effective amendment 

thereto and 3,200 funds submitting an 

additional interactive data document as 

an exhibit to a filing pursuant to rule 

485(b) or rule 497, each incurring 11 

hours per year on average, the 

Commission estimates that, in the 

aggregate, the tagging of risk/return 

summary information will result in 

approximately 143,000 annual burden 

hours. In addition, the Commission 

estimates that funds will require an 

average of approximately one burden 

hour to post interactive data to their 

Web sites. Based on estimates of 9,800 

funds each posting one interactive data 

document as an exhibit to a registration 

statement or post-effective amendment 

thereto and 3,200 funds posting an 

additional interactive data document as 

an exhibit to a filing pursuant to rule 

485(b) or rule 497, each incurring one 

burden hour per year on average, the 

Commission estimates that, in the 

aggregate, Mutual Fund Interactive Data 

Web site posting requirements will 

result in approximately 13,000 annual 

burden hours. 

The Commission estimates that the 

average cost burden per fund is $841 per 

year. Based on the estimate of 9,800 

funds using software and/or consulting 

services at an annual cost of $841, the 

Commission estimates that, in the 

aggregate, the total external costs to the 

industry will be approximately $8.2 

million. 

Estimates of average burden hours are 

made solely for the purposes of the 

Paperwork Reduction Act and are not 

derived from a comprehensive or even 

representative survey or study of the 

costs of Commission rules and forms. 

The collection of information under 

the Mutual Fund Interactive Data 

requirements is mandatory for all funds. 

Responses to the disclosure 

requirements 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 OMB 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 Thomas Bayer, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Remi PavlikSimon, 6432 General Green Way, 

Alexandria, VA 22312; or send an email 

to: PRA_Mailbox@sec.gov. 

Dated: February 21, 2012. 

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–4422 Filed 2–24–12; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–66428; File No. SR– 

NASDAQ–2012–028] 

Self-Regulatory Organizations; The 

NASDAQ Stock Market LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Modify 

NASDAQ Connectivity Options and 

Fees 

February 21, 2012. 

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 February 

13, 2012, 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 the Substance 

of the Proposed Rule Change 

The Exchange proposes to modify 

NASDAQ connectivity options and fees. 

The text of the proposed rule change is 

available at http:// 

nasdaq.cchwallstreet.com/, at the 

Exchange’s principal office, 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. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to modify 

Rule 7034(b) regarding connectivity to 

NASDAQ. Specifically, the Exchange 

proposes to (i) establish a connectivity 

fee for a 40Gb enhanced bandwidth 

option; and (ii) provide a waiver of 

installation fees for upgrades. 

Enhanced Bandwidth Option 

The Exchange currently offers various 

bandwidth options for connectivity to 

NASDAQ, including a 10Gb fiber 

connection, a 1Gb copper connection, 

and a 100 MB connection.3 In keeping 

with changes in technology, the 

Exchange now proposes to provide an 

enhanced bandwidth option to enable 

its clients a more efficient connection to 

the Exchange. The Exchange proposes a 

40G [sic] fiber connection with a onetime installation fee of $1,500, and a 

per-month connectivity fee of $15,000. 

The growth in the size of consolidated 

and proprietary data feeds has resulted 

in demand for higher bandwidth. As the 

number of feeds available and the size 

of the feeds increases, the bandwidth 

required for market data feeds steadily 

rises. The Exchange’s proposal provides 

the co-located client the option to select 

the bandwidth that is appropriate for 

the firm’s current needs and enables it 

to add or change services as its needs 

change. 

Waiver of Installation Fees 

The Exchange also proposes to 

provide a waiver of the installation fees 

for client orders of 10Gb and 40Gb fiber 

connectivity to NASDAQ completed 

between the effectiveness of this 

proposal and May 31, 2012. The 

Exchange is providing the waiver to 

assist its co-located clients in upgrading 

to higher bandwidth connections to 

meet the growing needs of co-located 

clients’ business operations. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act 4 in general, and with Section 


srobinson on DSK4SPTVN1PROD with NOTICES