4000 Federal Register / Vol. 80, No. 16 / Monday, January 26, 2015 / Notices 

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

2 17 CFR 240.19b–4. 

trust funds in the position they would 

have been if railroad service had been 

covered by the Social Security and FIC 

Acts. 

Changes proposed: The RRB proposes 

to formally eliminate the paper and 

magnetic tape cartridge versions of 

Form BA–11 from the information 

collection. 

The burden estimate for the ICR is as 

follows: 

Form No. Annual 

responses 

Time 

(minutes) 

Burden 

(hours) 

BA–11 File Transfer Protocol ...................................................................................................... 7 300 (5 hours) 35 

BA–11 CD–ROM ......................................................................................................................... 5 30 2 

BA–11 Secure E-mail .................................................................................................................. 5 30 2 

BA–11 (Internet)—Positive .......................................................................................................... 137 30 68 

BA–11 (Internet)—Negative ......................................................................................................... 329 15 82 

Total ...................................................................................................................................... 483 ........................ 189 

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. 2015–01299 Filed 1–23–15; 8:45 am] 

BILLING CODE 7905–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release Nos. 33–9707; 34–74106; File No. 

265–28] 

Investor Advisory Committee Meeting 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Notice of meeting of Securities 

and Exchange Commission Dodd-Frank 

Investor Advisory Committee. 

SUMMARY: The Securities and Exchange 

Commission Investor Advisory 

Committee, established pursuant to 

Section 911 of the Dodd-Frank Wall 

Street Reform and Consumer Protection 

Act of 2010, is providing notice that it 

will hold a public meeting. The public 

is invited to submit written statements 

to the Committee. 

DATES: The meeting will be held on 

Thursday, February 12, 2015 from 10 

a.m. until 4 p.m. (ET). Written 

statements should be received on or 

before February 12, 2015. 

ADDRESSES: The meeting will be held in 

Multi-Purpose Room LL–006 at the 

Commission’s headquarters, 100 F 

Street NE., Washington, DC 20549. The 

meeting will be webcast on the 

Commission’s Web site at www.sec.gov. 

Written statements may be submitted by 

any of the following methods: 

Electronic Statements 

D Use the Commission’s Internet 

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

rules/other.shtml); or 

D Send an email message to rulescomments@sec.gov. Please include File 

No. 265–28 on the subject line; or 

Paper Statements 

D Send paper statements to Brent J. 

Fields, Secretary, Securities and 

Exchange Commission, 100 F Street NE., 

Washington, DC 20549–1090. 

All submissions should refer to File No. 

265–28. This file number should be 

included on the subject line if email is 

used. To help us process and review 

your statement more efficiently, please 

use only one method. 

Statements also will be available for 

Web site viewing and printing in the 

Commission’s Public Reference Room, 

100 F Street NE., Room 1580, 

Washington, DC 20549, on official 

business days between the hours of 10 

a.m. and 3 p.m. All statements received 

will be posted without change; we do 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. 

FOR FURTHER INFORMATION CONTACT: 

Marc Sharma, Senior Special Counsel, 

Office of the Investor Advocate, at (202) 

551–3302, Securities and Exchange 

Commission, 100 F Street NE., 

Washington, DC 20549. 

SUPPLEMENTARY INFORMATION: The 

meeting will be open to the public, 

except during portions of the meeting 

reserved for meetings of the 

Committee’s subcommittees. Persons 

needing special accommodations to take 

part because of a disability should 

notify the contact person listed in FOR

FURTHER INFORMATION CONTACT. 

The agenda for the meeting includes: 

Remarks from Commissioners; a 

recommendation of the Market 

Structure subcommittee on shortening 

the trade settlement cycle; a discussion 

of proxy access; an update on the rule 

proposal of the Financial Industry 

Regulatory Authority (‘‘FINRA’’) 

regarding implementation of the 

Comprehensive Automated Risk Data 

System; an update on Municipal 

Securities Rulemaking Board and 

FINRA proposals for improved 

disclosures for same-day, retail-size 

principal transactions in fixed income 

securities; and nonpublic subcommittee 

meetings. 

Dated: January 21, 2015. 

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–01275 Filed 1–23–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74098; File No. SR–NSCC– 

2014–12] 

Self-Regulatory Organizations; 

National Securities Clearing 

Corporation; Order Approving 

Proposed Rule Change To Amend 

NSCC’s Rules and Procedures in 

Connection With the Discontinuance of 

the Analytic Reporting Service 

January 20, 2015. 

I. Introduction 

On November 25, 2014, National 

Securities Clearing Corporation 

(‘‘NSCC’’) filed with the Securities and 

Exchange Commission (‘‘Commission’’) 

proposed rule change SR–NSCC–2014– 

12 (‘‘Proposed Rule Change’’) pursuant 

to Section 19(b)(1) of the Securities 

Exchange Act of 1934 (‘‘Act’’) 1 and Rule 

19b–4 thereunder.2 The Proposed Rule 


emcdonald on DSK67QTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 16 / Monday, January 26, 2015 / Notices 4001 

3Securities Exchange Act Release No. 73779 

(December 8, 2014), 79 FR 73938 (December 12, 

2014) (SR–NSCC–2014–12). 

4Securities Exchange Act Release No. 63604 

(December 23, 2010), 75 FR 82115 (December 29, 

2010) (SR–NSCC–2010–18). 

5Securities Exchange Act Release No. 69824 

(June 21, 2013), 78 FR 38743 (June 27, 2013) (SR– 

NSCC–2013–08). 

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

7 15 U.S.C. 78q–1(b)(3)(F). 

8 Id. 

9 15 U.S.C. 78q–1. 

10 In approving the proposed rule change, the 

Commission considered the proposal’s impact on 

efficiency, competition, and capital formation. 15 

U.S.C. 78c(f). 

11 17 CFR 200.30–3(a)(12). 

1 12 U.S.C. 5465(e)(1). 

2 17 CFR 240.19b–4(n)(1)(i). 

3 In Amendment No. 1, OCC amended the 

advance notice to include the Monthly Clearing 

Fund Sizing Procedure and the Financial Resource 

Monitoring and Call Procedure as exhibits to the 

filing, both defined hereinafter, as Exhibit 5A and 

Exhibit 5B, respectively. OCC has requested 

confidential treatment for Exhibit 5A and Exhibit 

5B pursuant to the Rule 24b–2 under the Exchange 

Act. 

Change was published for comment in 

the Federal Register on December 12, 

2014.3 The Commission did not receive 

any comments on the Proposed Rule 

Change. This order approves the 

Proposed Rule Change. 

II. Description 

NSCC filed the Proposed Rule Change 

to modify its Rules, By-Laws, and 

Organization Certificate to discontinue 

the Analytic Reporting Service 

(‘‘Service’’). With the Proposed Rule 

Change, NSCC seeks to eliminate the 

Service because there is limited interest 

and it is not recovering its costs of 

maintaining the Service. 

NSCC launched the Service in 2011 to 

provide NSCC members (‘‘Members’’) 

access to aggregated-insurance-products 

information, including benchmarking 

information and league tables 

(‘‘Analytics Data’’).4 The Analytics Data 

comes primarily from data transmitted 

to NSCC by Members from NSCC’s other 

insurance and retirement service. In 

2013, at the request of Members, NSCC 

enhanced the Service to include 

insurance-transaction data processed 

outside of NSCC but submitted to 

NSCC.5

Members access the Service via a paid 

subscription. However, since its launch, 

there have been few subscribers, with 

only 12 Members currently subscribing. 

As such, NSCC states that it is not 

recovering the cost of maintaining the 

Service and proposes to eliminate it. 

III. Discussion 

Section 19(b)(2)(C) of the Act 6 directs 

the Commission to approve a proposed 

rule change of a self-regulatory 

organization if it finds that such 

proposed rule change is consistent with 

the requirements of the Act and rules 

and regulations thereunder applicable to 

such organization. Section 17A(b)(3)(F) 

of the Act requires, among other things, 

that the rules of a clearing agency be 

designed to promote the prompt and 

accurate clearance and settlement of 

securities transactions.7

The Commission finds the Proposed 

Rule Change consistent with the Act. 

More specifically, the Commission finds 

that the Proposed Rule Change is 

consistent with Section 17A(b)(3)(F) of 

the Act.8 By eliminating a service that 

is not economically efficient to maintain 

or central to NSCC’s core clearing 

business, NSCC will be able to better 

allocate its economic resources to 

support the safeguarding of securities or 

funds in its custody or control, and 

promote the prompt and accurate 

clearance and settlement of securities 

transactions. 

IV. Conclusion 

On the basis of the foregoing, the 

Commission finds that the Proposed 

Rule Change is consistent with the 

requirements of the Act and in 

particular with the requirements of 

Section 17A of the Act 9 and the rules 

and regulations thereunder. 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act, that 

proposed rule change SR–NSCC–2014– 

12 be, and hereby is, approved.10

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–01251 Filed 1–23–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74091; File No. SR–OCC– 

2014–811] 

Self-Regulatory Organizations; The 

Options Clearing Corporation; Notice 

of Filing of an Advance Notice, and 

Amendment No. 1 Thereto, To 

Establish Procedures Regarding the 

Monthly Resizing of its Clearing Fund 

and the Addition of Financial 

Resources 

January 20, 2015. 

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 

(‘‘Payment, Clearing and Settlement 

Supervision Act’’) 1 and Rule 19b– 

4(n)(1)(i) under the Securities Exchange 

Act of 1934 (‘‘Exchange Act’’) 2 notice is 

hereby given that on December 1, 2014, 

The Options Clearing Corporation 

(‘‘OCC’’) filed with the Securities and 

Exchange Commission (‘‘Commission’’) 

the advance notice as described in Items 

I, II and III below, which Items have 

been prepared by OCC. On December 

16, 2014, OCC filed amendment no. 1 to 

the advance notice (‘‘Amendment No. 

1’’).3 This Amendment No. 1 amends 

and replaces, in its entirety, the advance 

notice as originally filed on December 1, 

2014. The Commission is publishing 

this notice to solicit comments on the 

advance notice, as amended, from 

interested persons. 

I. Clearing Agency’s Statement of the 

Terms of Substance of the Advance 

Notice 

This advance notice is filed by OCC 

in connection with OCC’s proposal to 

establish procedures regarding the 

monthly resizing of its Clearing Fund 

and the addition of financial resources 

through intra-day margin calls and/or an 

intra-month increase of the Clearing 

Fund to ensure that it maintains 

adequate financial resources in the 

event of a default of a Clearing Member 

or group of affiliated Clearing Members 

presenting the largest exposure to OCC. 

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Advance Notice 

In its filing with the Commission, 

OCC included statements concerning 

the purpose of and basis for the advance 

notice and discussed any comments it 

received on the advance notice. The text 

of these statements may be examined at 

the places specified in Item IV below. 

OCC has prepared summaries, set forth 

in sections (A) and (B) below, of the 

most significant aspects of these 

statements. 

(A) Clearing Agency’s Statement on 

Comments on the Advance Notice 

Received From Members, Participants or 

Others 

Written comments on the advance 

notice were not and are not intended to 

be solicited with respect to the advance 

notice and none have been received. 

(B) Advance Notices Filed Pursuant to 

Section 806(e) of the Payment, Clearing 

and Settlement Supervision Act 

This Amendment No. 1 to SR–OCC– 

2014–811 (‘‘Filing’’) amends and 

replaces in its entirety the Filing as 

originally submitted on December 1, 

2014. The purpose of this Amendment 


emcdonald on DSK67QTVN1PROD with NOTICES