Federal Register / Vol. 80, No. 52 / Wednesday, March 18, 2015 / Notices 14173 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(4). 

5Each term not otherwise defined herein has the 

respective meaning set forth in DTC’s rules (the 

‘‘Rules’’). 

6 15 U.S.C. 78q–1(b)(3)(F). 

7 17 CFR 240.17Ad–22(d)(9). 

6. Who will be required or asked to 

respond: NRC Contractors. 

7. The estimated number of annual 

responses: 1506. 

8. The estimated number of annual 

respondents: 41. 

9. The estimated number of hours 

needed annually to comply with the 

information collection requirement or 

request: 752. 

10. Abstract: In administering its 

contracts, the NRC provides billing 

instructions for its contractors to follow 

in preparing invoices. These 

instructions stipulate the level of detail 

in which supporting data must be 

submitted for NRC review. The review 

of this information ensures that all 

payments made by the NRC for valid 

and reasonable costs are in accordance 

with the contract terms and conditions. 

III. Specific Requests for Comments 

The NRC is seeking comments that 

address the following questions: 

1. Is the proposed collection of 

information necessary for the NRC to 

properly perform its functions? Does the 

information have practical utility? 

2. Is the estimate of the burden of the 

information collection accurate? 

3. Is there a way to enhance the 

quality, utility, and clarity of the 

information to be collected? 

4. How can the burden of the 

information collection on respondents 

be minimized, including the use of 

automated collection techniques or 

other forms of information technology? 

Dated at Rockville, Maryland, this 12th day 

of March, 2015. 

For the Nuclear Regulatory Commission. 

Tremaine Donnell, 

NRC Clearance Officer, Office of Information 

Services. 

[FR Doc. 2015–06154 Filed 3–17–15; 8:45 am] 

BILLING CODE 7590–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74485; File No. SR–DTC– 

2015–02] 

Self-Regulatory Organizations; The 

Depository Trust Company; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Make 

Technical Revisions to the DTC 

Settlement Service Guide 

March 12, 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 March 3, 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. DTC filed 

the proposed rule change pursuant to 

Section 19(b)(3)(A) 3 of the Act and Rule 

19b–4(f)(4) 4 thereunder. The proposed 

rule change was effective upon filing 

with the Commission. 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 

technical amendments to the Settlement 

Service Guide (‘‘Guide’’) in order to 

make technical changes and updates to 

its text.5

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 

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 

Pursuant to the proposed rule change 

the Guide would be revised to: 

(i) Refer to the ‘‘Settlement User 

Interface’’ rather than the ‘‘Settlement 

Web’’, ‘‘Participant Terminal System’’ 

and ‘‘Participant Browser Service’’; 

(ii) update the text of the Settling 

Bank Processing Schedule and other 

text in the Guide to reflect that DTC 

end-of-day net settlement is processed 

through the National Settlement Service 

(NSS) of the Federal Reserve System, 

specifically, that DTC submits to the 

Federal Reserve Bank of New York a file 

to debit and credit Federal Reserve 

accounts of Settling Banks 

simultaneously; 

(iii) delete references to the ‘‘U.S. 

program’’ of EuroCCP (which has ceased 

to exist) as well as any references to 

related DTC processing provisions that 

are obsolete as a result; 

(iv) simplify and update other text, 

including descriptions of processes and 

timeframes, contact information for 

settlement processing and crossreferences; and 

(v) conform grammar and usage 

throughout the Guide. 

Implementation Date 

The proposed rule changes would 

become effective immediately. 

2. Statutory Basis 

The proposed rule change would 

update the Guide to make technical 

changes and updates to the Guide to 

reflect current terminology, systems 

functionality, practices and processing 

timeframes, which would simplify and 

clarify the Guide’s text. Therefore, DTC 

believes the proposed rule change is 

consistent with the requirements of: (i) 

The Act, in particular Section 

17A(b)(3)(F) of the Act,6 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)(9) 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 

identify and evaluate the risks and costs 

associated with using its services, 

because the proposed changes simplify 

and clarify the Guide’s text for the users 

of DTC’s services. 

(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 

The foregoing rule change has become 

effective pursuant to Section 

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14174 Federal Register / Vol. 80, No. 52 / Wednesday, March 18, 2015 / Notices 

8 15 U.S.C. 78s(b)(3)(A). 

9 17 CFR 240.19b–4(f). 

10 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3Exchange Act Release No. 73622 (Nov. 18, 

2014); 79 FR 69939 (Nov. 24, 2014) (‘‘Notice’’). On 

January 6, 2015, FINRA consented to extending the 

time period for the Commission to either approve 

or disapprove the proposed rule change, or to 

institute proceedings to determine whether to 

approve or disapprove the proposed rule change, to 

February 20, 2015. 

4See infra note 12. 

5 15 U.S.C. 78s(b)(2)(B). 

6Exchange Act Release No. 74339 (Feb. 20, 2015); 

80 FR 10528 (Feb. 26, 2015). The comment period 

closes on March 19, 2015. 

7For a comparison of the changes of the rule text 

between the proposal as originally noticed and the 

proposal as amended by Amendment No. 1, see 

Exhibit 4 to SR–FINRA–2014–047. 

19(b)(3)(A) 8 of the Act and paragraph (f) 

of Rule 19b–4 9 thereunder. 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 rule-comments@

sec.gov. Please include File Number SR– 

DTC–2015–02 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–2015–02. 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– 

2015–02 and should be submitted on or 

before April 8, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.10

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–06089 Filed 3–17–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74488; File No. SR–FINRA– 

2014–047] 

Self-Regulatory Organizations; 

Financial Industry Regulatory 

Authority, Inc.; Notice of Filing of 

Amendment No. 1 to a Proposed Rule 

Change To Adopt FINRA Rule 2241 

(Research Analysts and Research 

Reports) in the Consolidated FINRA 

Rulebook 

March 12, 2015. 

I. Introduction 

On November 14, 2014, Financial 

Industry Regulatory Authority, Inc. 

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

Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’), pursuant to Section 

19(b)(1) of the Securities Exchange Act 

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

Rule 19b–4 thereunder,2 a proposed rule 

to adopt NASD Rule 2711 (Research 

Analysts and Research Reports) as a 

FINRA rule, with several modifications; 

amend NASD Rule 1050 (Registration of 

Research Analysts) and Incorporated 

NYSE Rule 344 to create an exception 

from the research analyst qualification 

requirement; and renumber NASD Rule 

2711 as FINRA Rule 2241 in the 

consolidated FINRA rulebook. The 

proposal was published for comment in 

the Federal Register on November 24, 

2014.3 The Commission received four 

comments on the proposal.4 On 

February 19, 2015, FINRA filed 

Amendment No. 1 responding to the 

comments received to the proposal as 

well as to propose amendments in 

response to these comments. On 

February 20, 2015, the Commission 

issued an order instituting proceedings 

pursuant to Section 19(b)(2)(B) of the 

Act 5 to determine whether to approve 

or disapprove the proposal. The order 

was published for comment in the 

Federal Register on February 26, 2015.6

The proposed rule change, as 

modified by Amendment No. 1, is 

described in Items II and III below, 

which Items have been substantially 

prepared by FINRA.7 The Commission 

is publishing this notice to solicit 

comments from interested persons on 

the proposal as amended by 

Amendment No. 1. 

II. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

FINRA is proposing Amendment No. 

1 to SR–FINRA–2014–047, a proposed 

rule change to adopt NASD Rule 2711 

(Research Analysts and Research 

Reports) as a FINRA rule, with several 

modifications. The proposed rule 

change also would amend NASD Rule 

1050 (Registration of Research Analysts) 

and Incorporated NYSE Rule 344 to 

create an exception from the research 

analyst qualification requirement. The 

proposed rule change would renumber 

NASD Rule 2711 as FINRA Rule 2241 in 

the consolidated FINRA rulebook. 

The text of the proposed rule change 

is available on FINRA’s Web site at 

http://www.finra.org, at the principal 

office of FINRA and at the 

Commission’s Public Reference Room. 

III. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, 

FINRA 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 V below. FINRA has prepared 

summaries, set forth in sections A, B, 

and C below, of the most significant 

aspects of such statements. 

mstockstill on DSK4VPTVN1PROD with NOTICES