5590 Federal Register / Vol. 80, No. 21 / Monday, February 2, 2015 / Notices 

1See Securities Exchange Act Release No. 7011 

(February 5, 1963), 28 FR 1506 (February 16, 1963). 

2Rule 12d2–2 prescribes the circumstances under 

which a security may be delisted from an exchange 

and withdrawn from registration under Section 

12(b) of the Act, and provides the procedures for 

taking such action. 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

from: Securities and Exchange 

Commission, Office of FOIA Services, 

Washington, DC 20549–2736. 

Extension: 

Rule 12f–3, SEC File No. 270–141, OMB 

Control No. 3235–0249 

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 a 

request for approval of extension of the 

previously approved collection of 

information provided for in Rule 12f–3 

(17 CFR 240.12f–3), under the Securities 

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

seq.). 

Rule 12f–3 (the ‘‘Rule’’), which was 

originally adopted in 1934 pursuant to 

Sections 12(f) and 23(a) of the Securities 

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

seq.) (‘‘Act’’), as modified in 1995, 

prescribes the information which must 

be included in applications for and 

notices of termination or suspension of 

unlisted trading privileges for a security 

as contemplated in Section 12(f)(4) of 

the Act. An application must provide, 

among other things, the name of the 

applicant; a brief statement of the 

applicant’s interest in the question of 

termination or suspension of such 

unlisted trading privileges; the title of 

the security; the name of the issuer; 

certain information regarding the size of 

the class of security and its recent 

trading history; and a statement 

indicating that the applicant has 

provided a copy of such application to 

the exchange from which the 

suspension or termination of unlisted 

trading privileges are sought, and to any 

other exchange on which the security is 

listed or admitted to unlisted trading 

privileges. 

The information required to be 

included in applications submitted 

pursuant to Rule 12f–3, is intended to 

provide the Commission with sufficient 

information to make the necessary 

findings under the Act to terminate or 

suspend by order the unlisted trading 

privileges granted a security on a 

national securities exchange. Without 

the Rule, the Commission would be 

unable to fulfill these statutory 

responsibilities. 

The burden of complying with Rule 

12f–3 arises when a potential 

respondent, having a demonstrable bona 

fide interest in the question of 

termination or suspension of the 

unlisted trading privileges of a security, 

determines to seek such termination or 

suspension. The staff estimates that 

each such application to terminate or 

suspend unlisted trading privileges 

requires approximately one hour to 

complete. Thus each potential 

respondent would incur on average one 

burden hour in complying with the 

Rule. The Commission staff estimates 

that there could be as many as 18 

responses annually. Compliance with 

the application requirements of Rule 

12f–3 is mandatory, though the filing of 

such applications is undertaken 

voluntarily. Rule 12f–3 does not have a 

record retention requirement per se. 

However, responses made pursuant to 

Rule 12f–3 are subject to the 

recordkeeping requirements of Rules 

17a–3 and 17a–4 of the Act. Information 

received in response to Rule 12f–3 shall 

not be kept confidential; the information 

collected is public information. 

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 Web site: 

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, Acting Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Remi PavlikSimon, 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: January 27, 2015. 

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–01873 Filed 1–30–15; 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 12d2–1, SEC File No. 270–98, OMB 

Control No. 3235–0081. 

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 12d2– 

1 (17 CFR 240.12d2–1), under the 

Securities Exchange Act of 1934 (15 

U.S.C. 78a et seq.) (‘‘Act’’). 

On February 12, 1935, the 

Commission adopted Rule 12d2–1 

(‘‘Suspension of Trading’’) which sets 

forth the conditions and procedures 

under which a security may be 

suspended from trading under Section 

12(d) of the Act.1 Rule 12d2–1 provides 

the procedures by which a national 

securities exchange may suspend from 

trading a security that is listed and 

registered on the exchange. Under Rule 

12d2–1, an exchange is permitted to 

suspend from trading a listed security in 

accordance with its rules, and must 

promptly notify the Commission of any 

such suspension, along with the 

effective date and the reasons for the 

suspension. 

Any such suspension may be 

continued until such time as the 

Commission may determine that the 

suspension is designed to evade the 

provisions of Section 12(d) of the Act 

and Rule 12d2–2 thereunder.2 During 

the continuance of such suspension 

under Rule 12d2–1, the exchange is 

required to notify the Commission 

promptly of any change in the reasons 

for the suspension. Upon the restoration 

to trading of any security suspended 

under Rule 12d2–1, the exchange must 

notify the Commission promptly of the 

effective date of such restoration. 

The trading suspension notices serve 

a number of purposes. First, they inform 

the Commission that an exchange has 

suspended from trading a listed security 

or reintroduced trading in a previously 

suspended security. They also provide 

the Commission with information 

necessary for it to determine that the 

suspension has been accomplished in 

accordance with the rules of the 

exchange, and to verify that the 

exchange has not evaded the 

requirements of Section 12(d) of the Act 

and Rule 12d2–2 thereunder by 

mstockstill on DSK4VPTVN1PROD with NOTICES

Federal Register / Vol. 80, No. 21 / Monday, February 2, 2015 / Notices 5591 

3 In fact, some exchanges do not file any trading 

suspension reports in a given year. 

improperly employing a trading 

suspension. Without Rule 12d2–1, the 

Commission would be unable to fully 

implement these statutory 

responsibilities. 

There are 18 national securities 

exchanges that are subject to Rule 12d2– 

1. The burden of complying with Rule 

12d2–1 is not evenly distributed among 

the exchanges, however, since there are 

many more securities listed on the New 

York Stock Exchange, Inc., the 

NASDAQ Stock Exchange, and the 

NYSEMKT LLC than on the other 

exchanges.3 However, for purposes of 

this filing, the Commission staff has 

assumed that the number of responses is 

evenly divided among the exchanges. 

There are approximately 1,600 

responses under Rule 12d2–1 for the 

purpose of suspension of trading from 

the national securities exchanges each 

year, and the resultant aggregate annual 

reporting hour burden would be, 

assuming on average one-half reporting 

hour per response, 800 annual burden 

hours for all exchanges. The related 

internal compliance costs associated 

with these burden hours are $159,200 

per year. 

The collection of information 

obligations imposed by Rule 12d2–1 is 

mandatory. The response will be 

available to the public and 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 

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 Web site: 

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, Acting Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Remi PavlikSimon, 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: January 27, 2015. 

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–01871 Filed 1–30–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–580, OMB Control No. 

3235–0642] 

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: Mutual Fund Interactive 

Data 

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 

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

previously approved collection of 

information discussed below. 

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 (‘‘Securities Act’’) (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 2013, the 

Commission estimates that 36% 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 10,559 funds each 

submitting one interactive data 

document as an exhibit to a registration 

statement or post-effective amendment 

thereto and 3,801 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 157,960 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 10,559 

funds each posting one interactive data 

document as an exhibit to a registration 

statement or post-effective amendment 

thereto and 3,801 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 14,360 annual 

burden hours. 

The Commission estimates that the 

average cost burden per fund is $890 per 

year. Based on the estimate of 10,559 

funds using software and/or consulting 

services at an annual cost of $890, the 

Commission estimates that, in the 

aggregate, the total external costs to the 

industry will be approximately $9.4 

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 

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