2112 Federal Register / Vol. 77, No. 9 / Friday, January 13, 2012 / Notices 

14 15 U.S.C. 78s(b)(3)(A)(ii). 

15 17 CFR 240.19b–4(f)(2). 

16 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 54422 

(September 11, 2006), 71 FR 54537 (September 15, 

2006) approving SR–CBOE–2004–21. 

4See Securities Exchange Act Release No. 55392 

(March 2, 2007), 72 FR 10572 (March 8, 2007) 

approving SR–CBOE–2006–112. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were solicited 

or received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Pursuant to Section 19(b)(3)(A)(ii) of 

the Act 14 and Rule 19b–4(f)(2) 

thereunder,15 the Exchange has 

designated this proposal as establishing 

or changing a due, fee, or other charge 

applicable to the Exchange’s Members 

and non-members, which renders the 

proposed rule change effective upon 

filing. 

At any time within 60 days of the 

filing of the proposed rule change, the 

Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the 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 rulecomments@sec.gov. Please include File 

Number SR–BATS–2011–053 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–BATS–2011–053. 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 Web site (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 Web site 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 

a.m. and 3 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; the 

Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR–BATS– 

2011–053 and should be submitted on 

or before February 3, 2012. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.16

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–528 Filed 1–12–12; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–66119; File No. SR–CBOE– 

2011–126] 

Self-Regulatory Organizations; 

Chicago Board Options Exchange, 

Incorporated; Notice of Filing of a 

Proposed Rule Change Relating to the 

CBOE Stock Exchange Request for 

Quote Rules 

January 9, 2012. 

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 December 

27, 2011, the Chicago Board Options 

Exchange, Incorporated (the ‘‘Exchange’’ 

or ‘‘CBOE’’) 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 

The Exchange proposes to amend its 

rules relating to requests for quotes on 

the CBOE Stock Exchange (‘‘CBSX’’). 

The text of the proposed rule change is 

available on the Exchange’s Web site 

(http://www.cboe.com/AboutCBOE/ 

CBOELegalRegulatoryHome.aspx), at 

the Exchange’s Office of the Secretary, 

and at the Commission. 

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 

self-regulatory organization 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 self-regulatory organization 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 

CBSX is a stock-trading facility of 

CBOE. Prior to the establishment of 

CBSX, CBOE adopted trading rules in 

Chapters 50–54 for the purely electronic 

trading of non-option securities.3 Those 

rules, which were based, to an extent, 

on CBOE’s screen-based trading rules in 

Chapters 40–46, contemplated the use of 

request-for-quote messages (RFQs). 

Chapters 50–54 were subsequently 

modified in connection with the 

introduction of CBSX.4 The provisions 

related to RFQs were not materially 

changed at that time. RFQ messages are 

generally intended to prompt marketmakers in a given security to respond 

with a quote. RFQs are generally 

beneficial when seeking liquidity for a 

security in which a quote does not exist. 

The purpose of this filing is to delete 

Rule 50.1 regarding the definition of 

RFQ, Rule 52.9 regarding RFQ 

processing, and references to RFQs in 

Rule 53.23 regarding CBSX Remote 

Market-Maker obligations. There are two 

reasons behind the Exchange’s desire to 

eliminate RFQs on CBSX: (1) Because 

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Federal Register / Vol. 77, No. 9 / Friday, January 13, 2012 / Notices 2113 

5The Exchange notes that it is working with SEC 

Staff on enhancements to the CBSX Market-Maker 

obligations and that those revisions do not 

contemplate the use of RFQs. 6 15 U.S.C. 78s(b)(1)[sic]. 

7 15 U.S.C. 78f(b). 

8 15 U.S.C. 78f(b)(5). 9 17 CFR 200.30–3(a)(12). 

CBSX Remote Market-Makers are 

required by rule to maintain two-sided 

quotations and because CBSX links 

orders to NBBO markets when CBSX is 

not quoting at the NBBO, CBSX 

participants have never inquired about 

utilizing RFQs; and (2) the functionality 

for users to transmit RFQs on CBSX is 

not fully supported by the system. 

As more fully set forth in CBSX Rule 

53.23 Interpretation and Policy .01, 

CBSX Remote Market-Makers are 

required to maintain two-sided 

quotations throughout the trading day 

using prices that are no further than a 

designated percentage from the national 

best bid and offer (‘‘NBBO’’). This 

requirement, the fact that the CBSX 

market is typically competitive in terms 

of displayed prices, and the fact that 

CBSX transmits orders to other market 

centers displaying the NBBO when 

CBSX is not posting the NBBO, obviates 

the need for an RFQ process.5

The Exchange also has realized that 

the ability of a CBSX participant to 

submit an RFQ is not currently 

functional. Accordingly, the Exchange 

believes it is appropriate to delete RFQ 

processes from the CBSX trading rules. 

This will ensure that CBSX participants 

or other interested parties are not 

confused by these rules and do not 

expect to be able to submit RFQs on 

CBSX. The Exchange notes that it is not 

aware of any CBSX participants, or any 

other party, having expressed an interest 

in utilizing RFQs. 

2. Statutory Basis 

The Exchange believes the proposed 

rule change is consistent with the 

Securities Exchange Act of 1934 (the 

‘‘Act’’) 6 and the rules and regulations 

thereunder and, in particular, the 

requirements of Section 6(b) of the Act.7

Specifically, the Exchange believes the 

proposed rule change is consistent with 

the Section 6(b)(5) 8 requirements that 

the rules of an exchange be designed to 

remove impediments to and to perfect 

the mechanism for a free and open 

market in that elimination of references 

to RFQs in the CBSX trading rules will 

remove any potential confusion caused 

by having rules that reference 

functionality that is not operational. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

CBOE does not believe that the 

proposed rule change will impose any 

burden on competition not necessary or 

appropriate in furtherance of the 

purposes of the Act. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants or Others 

No written comments were solicited 

or received with respect to the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or within such longer period (i) 

as the Commission may designate up to 

90 days of such date if it finds such 

longer period to be appropriate and 

publishes its reasons for so finding or 

(ii) as to which the self-regulatory 

organization consents, the Commission 

will: (A) by order approve or disapprove 

such proposed rule change, or (B) 

institute proceedings to determine 

whether the proposed rule change 

should be disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the 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 rulecomments@sec.gov. Please include File 

Number SR–CBOE–2011–126 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–CBOE–2011–126. 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 Web site (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 Web site 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 

a.m. and 3 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; the 

Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR–CBOE– 

2011–126 and should be submitted on 

or before February 3, 2012. 

mstockstill on DSK4VPTVN1PROD with NOTICES

2114 Federal Register / Vol. 77, No. 9 / Friday, January 13, 2012 / Notices 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–527 Filed 1–12–12; 8:45 am] 

BILLING CODE 8011–01–P 

SOCIAL SECURITY ADMINISTRATION 

Agency Information Collection 

Activities: Proposed Request and 

Comment Request 

The Social Security Administration 

(SSA) publishes a list of information 

collection packages requiring clearance 

by the Office of Management and 

Budget (OMB) in compliance with 

Public Law 104–13, the Paperwork 

Reduction Act (PRA) of 1995, effective 

October 1, 1995. This notice includes 

revisions and one extension of OMBapproved information collections, 

information collections in use without 

an OMB number, and a new information 

collection. 

SSA is soliciting comments on the 

accuracy of the agency’s burden 

estimate; the need for the information; 

its practical utility; ways to enhance its 

quality, utility, and clarity; and ways to 

minimize burden on respondents, 

including the use of automated 

collection techniques or other forms of 

information technology. Mail, email, or 

fax your comments and 

recommendations on the information 

collection(s) to the OMB Desk Officer 

and SSA Reports Clearance Officer at 

the following addresses or fax numbers. 

(OMB), Office of Management and 

Budget, Attn: Desk Officer for SSA, 

Fax: (202) 395–6974, Email address: 

OIRA_Submission@omb.eop.gov. 

(SSA), Social Security Administration, 

DCRDP, Attn: Reports Clearance 

Officer, 107 Altmeyer Building, 6401 

Security Blvd., Baltimore, MD 21235, 

Fax: (410) 966–2830, Email address: 

OPLM.RCO@ssa.gov. 

I 

The information collections below are 

pending at SSA. SSA will submit them 

to OMB within 60 days from the date of 

this notice. To be sure we consider your 

comments, we must receive them no 

later than March 13, 2012. Individuals 

can obtain copies of the collection 

instruments by calling the SSA Reports 

Clearance Officer at (410) 965–8783 or 

by writing to the above email address. 

1. Request for Documents or 

Information—20 CFR 404.703—0960– 

NEW. SSA asks individuals applying for 

Social Security benefits for additional 

information when the information they 

provided is incomplete or insufficient 

for us to determine their eligibility for 

benefits. SSA uses Form SSA–2118–U2, 

Request for Documents or Information, 

to request the additional documents or 

information we need to process 

individuals’ claims for benefits. 

Respondents are claimants for title II 

Social Security Old Age, Survivors, and 

Disability Insurance (OASDI) benefits. 

Type of Request: Existing collection in 

use without an OMB number. 

Collection instrument Number of 

respondents 

Frequency of 

response 

Average 

burden per 

response 

(minutes) 

Estimated total 

annual burden 

(hours) 

SSA–2118–U2 ................................................................................................. 7,500 1 5 625 

2. Notice to Show Cause for Failure to 

Appear—20 CFR 404.938, 416.1438, 

404.957(a)(ii)—0960–NEW. In situations 

where claimants who requested a 

hearing before an administrative law 

judge (ALJ) fail to appear at their 

scheduled hearings, the ALJ may 

reschedule the hearing if the claimants 

establish good cause for missing the 

hearings. The claimants can provide a 

reason for not appearing at their 

scheduled hearings using Form HA– 

L90. If the ALJ determines the claimants 

established good cause for failure to 

appear at the hearings, the ALJ will 

schedule a supplemental hearing; if not, 

the ALJ makes a claims eligibility 

determination based on the claimants’ 

evidence of record. Respondents are 

claimants seeking to show cause for 

failure to appear at a scheduled hearing 

before an ALJ. 

Type of Request: Existing collection in 

use without an OMB number. 

Collection instrument Number of 

respondents 

Frequency of 

response 

Average 

burden per 

response 

(minutes) 

Estimated total 

annual burden 

(hours) 

HA–L90 PDF/Paper ......................................................................................... 7,000 1 10 1,167 

Electronic Records Express ............................................................................ 28,000 1 10 4,667 

Total .......................................................................................................... 35,000 ........................ ........................ 5,834 

3. Permanent Residence in the United 

States Under Color of Law (PRUCOL)— 

20 CFR 416.1615 and 416.1618—0960– 

0451. As discussed in 20 CFR 416.1415 

and 416.1618 of the Code of Federal 

Regulations, PRUCOL aliens must 

present evidence of their alien status 

when they apply for Supplemental 

Security Income (SSI) payments, and 

periodically thereafter as part of the 

eligibility re-determination process for 

SSI. SSA verifies the validity of the 

PRUCOL evidence for grandfathered 

nonqualified aliens with the Department 

of Homeland Security (DHS). SSA 

determines whether the individual is 

PRUCOL based on the DHS response. 

Without this information, SSA is unable 

to determine whether the individual is 

eligible for SSI payments. Respondents 

are qualified and unqualified aliens who 

apply for SSI payments under PRUCOL. 

Type of Request: Extension of an 

OMB-approved information collection. 

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