Federal Register / Vol. 80, No. 40 / Monday, March 2, 2015 / Notices 11243 

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

2 17 CFR 240.19b–4. 

3Terms not otherwise defined herein have their 

respective meanings set forth in the Rules. 

fund decides to pursue a different 

investment policy. 

The Commission estimates that there 

are approximately 11,400 open-end and 

closed-end funds that have names that 

are covered by the rule. The 

Commission estimates that of these 

11,400 funds, approximately 32 will 

provide prior notice to shareholders 

pursuant to a policy adopted in 

accordance with this rule per year. The 

Commission estimates that the annual 

burden associated with the notice to 

shareholders requirement of the rule is 

20 hours per response, for an annual 

total of 640 hours per year. 

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 rule 

35d–1 is mandatory. The information 

provided under rule 35d–1 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. 

The public may view the 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, Director/Chief Information 

Officer, Securities and Exchange 

Commission, c/o Remi Pavlik-Simon, 

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: February 24, 2015. 

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 2015–04223 Filed 2–27–15; 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 19d–2. SEC File No. 270–204, OMB 

Control No. 3235–0205. 

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 

(‘‘Commission’’) is soliciting comments 

on the existing collection of information 

provided for in Rule 19d–2— 

Applications for Stays of Final 

Disciplinary Sanction (17 CFR 240.19d– 

2) under the Securities Exchange Act of 

1943 (15 U.S.C. 78a et seq.) (‘‘Exchange 

Act’’). The Commission plans to submit 

this existing collection of information to 

the Office of Management and Budget 

(‘‘OMB’’) for extension and approval. 

Rule 19d–2 under the Exchange Act 

prescribes the form and content of 

applications to the Commission by 

persons desiring stays of final 

disciplinary sanctions and summary 

action of self-regulatory organizations 

(‘‘SROs’’) for which the Commission is 

the appropriate regulatory agency. 

It is estimated that approximately 

three respondents will utilize this 

application procedure annually, with a 

total burden of nine hours, based upon 

past submissions. The staff estimates 

that the average number of hours 

necessary to comply with the 

requirements of Rule 19d–2 is 3 hours. 

Based on the most recent available 

information, the Commission staff 

estimates that the internal labor cost to 

respondents of complying with the 

requirements of Rule 19d–2 is $990 per 

response. Therefore, the Commission 

staff estimates that the total internal 

labor cost per respondent is $990 (1 

response/respondent/year × $990 cost/

response), for a total annual internal 

labor cost to all respondents of $2,970 

($990 cost/respondent × 3 respondents). 

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 rule 

19d–2 is mandatory. The information 

provided under rule 19d–2 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. 

The public may view the 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, Chief Information Officer, 

Securities and Exchange Commission, 

c/o Remi Pavlik-Simon, 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: February 24, 2015. 

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 2015–04221 Filed 2–27–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74358; File No. SR–DTC– 

2015–01] 

Self-Regulatory Organizations; The 

Depository Trust Company; Notice of 

Filing of Proposed Rule Change To 

Discontinue the Prospectus 

Repository System Service 

February 24, 2015. 

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

Securities Exchange Act of 1934 (‘‘Act’’) 

and Rule 19b–4 2 thereunder, notice is 

hereby given that on February 13, 2015, 

The Depository Trust Company (‘‘DTC’’) 

filed with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I, II and III below, which Items 

have been prepared by DTC. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Clearing Agency’s Statement of the 

Terms of Substance of the Proposed 

Rule Change 

The proposed rule change consists of 

a proposal to discontinue the Prospectus 

Repository System Service (‘‘PRS’’) and 

delete the PRS Terms of Use (‘‘Terms of 

Use’’) from DTC’s Rules and Procedures 

(‘‘Rules’’), as more fully described 

below.3

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

In its filing with the Commission, 

DTC included statements concerning 

the purpose of and basis for the 

proposed rule change and discussed any 

comments it received on the proposed 


asabaliauskas on DSK5VPTVN1PROD with NOTICES
11244 Federal Register / Vol. 80, No. 40 / Monday, March 2, 2015 / Notices 

4Third-party Users of PRS include syndicate 

members, correspondent banks, paying agents, 

transfer agents, and certain legal counsel and 

financial advisors. Individual investors do not have 

access to PRS. 

5Securities Exchange Act Release No. 47410 

(February 26, 2003); 68 FR 10558 (March 5, 2003) 

(SR–DTC–2002–13). 

6 15 U.S.C. 78q–1(b)(3)(F). 

7 17 CFR 240.17Ad–22(d)(6). 

8 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

rule change. The text of these statements 

may be examined at the places specified 

in Item IV below. DTC has prepared 

summaries, set forth in sections A, B, 

and C below, of the most significant 

aspects of such statements. 

(A) Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

1. Purpose 

The purpose of the proposed rule 

change is to discontinue PRS. 

PRS was implemented in 2003 and 

enables DTC Participants 

(‘‘Participants’’) and DTC-authorized 

third parties (Participants and such 

DTC-authorized third parties, 

collectively referred to as ‘‘Users’’) 4 to 

access prospectuses and official 

statements relating to new issues of 

corporate and municipal securities 

(‘‘Documents’’) available in electronic 

format from a DTC-maintained Web 

site.5 Due to the fact that PRS currently 

has few Users and many of the 

Documents made available via PRS are 

available to the public via electronic 

sources outside of DTC, it is no longer 

necessary or cost-effective for DTC or 

the industry to have DTC continue to 

maintain PRS. Therefore, DTC proposes 

to discontinue PRS and delete the 

Terms of Use from the Rules. 

Effective Date 

The effective date of the proposed 

rule change would be announced via a 

DTC Important Notice. 

2. Statutory Basis 

The proposed rule change would 

discontinue an underutilized service 

and eliminate the associated costs to 

DTC of maintaining it. Therefore, by 

precluding the need for DTC to allocate 

resources in this regard, the proposed 

rule change is consistent with the 

provisions of: (i) Section 17A(b)(3)(F) 6

of the Act which requires that the rules 

of the clearing agency be designed, inter 

alia, to promote the prompt and 

accurate clearance and settlement of 

securities transactions, and (ii) Rule 

17Ad–22(d)(6) 7 promulgated under the 

Act which requires, inter alia, that a 

clearing agency establish, implement, 

maintain and enforce written policies 

and procedures reasonably designed to, 

as applicable, be cost-effective in 

meeting the requirements of participants 

while maintaining safe and secure 

operations. 

(B) Clearing Agency’s Statement on 

Burden on Competition 

DTC does not believe that the 

proposed rule change would have any 

impact, or impose any burden, on 

competition. 

(C) Clearing Agency’s Statement on 

Comments on the Proposed Rule 

Change Received From Members, 

Participants, or Others 

Written comments relating to the 

proposed rule change have not yet been 

solicited or received. DTC will notify 

the Commission of any written 

comments received by DTC. 

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 

up to 90 days (i) as the Commission may 

designate 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 rule-comments@

sec.gov. Please include File Number SR– 

DTC–2015–01 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Brent J. Fields, Secretary, Securities 

and Exchange Commission, 100 F Street 

NE., Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–DTC–2015–01. 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 

10:00 a.m. and 3:00 p.m. Copies of the 

filing also will be available for 

inspection and copying at the principal 

office of DTC and on DTCC’s Web site 

(http://dtcc.com/legal/sec-rulefilings.aspx). 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–DTC– 

2015–01 and should be submitted on or 

before March 23, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 2015–04184 Filed 2–27–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74360; File No. SR–BYX– 

2015–11] 

Self-Regulatory Organizations; BATS 

Y-Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Eliminate Rule 13.4, 

‘‘Assigning of Registered Securities in 

the Name of a Member or Member 

Organization’’ 

February 24, 2015. 

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 February 

12, 2015, BATS Y-Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘BYX’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 


asabaliauskas on DSK5VPTVN1PROD with NOTICES