Federal Register / Vol. 83, No. 14 / Monday, January 22, 2018 / Notices 3035 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submissions 

of responses. 

MSAC adjudicates classification 

appeals, job-grading appeals, FLSA 

Claims, compensation and leave Claims, 

and declination of reasonable offer 

appeals, as well as the settling of 

disputed Claims for unpaid 

compensation due deceased Federal 

employees. This adjudicative function 

provides Federal employees 

administrative due process rights to 

challenge compensation and related 

agency decisions without having to seek 

redress in Federal courts. These 

decisions are also a critical resource for 

agency HR offices in making their own 

classification, pay, and FLSA 

determinations. 

Analysis 

Agency: Merit System Accountability 

and Compliance, Office of Personnel 

Management. 

Title: Standard Form 1153, Claim for 

Unpaid Compensation of Deceased 

Civilian Employee. 

OMB Number: 3206–0234. 

Frequency: Annually. 

Affected Public: Federal Employees 

and Retirees. 

Number of Respondents: 3,000. 

Estimated Time per Respondent: 15 

minutes. 

Total Burden Hours: 750 hours. 

Office of Personnel Management. 

Kathleen M. McGettigan, 

Acting Director. 

[FR Doc. 2018–01051 Filed 1–19–18; 8:45 am] 

BILLING CODE 6325–58–P 

OFFICE OF PERSONNEL 

MANAGEMENT 

Submission for Review: 

Representative Payee Survey, RI 38– 

115 

AGENCY: Office of Personnel 

Management. 

ACTION: 60-Day notice and request for 

comments. 

SUMMARY: The Retirement Services, 

Office of Personnel Management (OPM) 

offers the general public and other 

Federal agencies the opportunity to 

comment on a revised information 

collection request (ICR), Representative 

Payee Survey. As required by the 

Paperwork Reduction Act of 1995 (Pub. 

L. 104–13) as amended by the ClingerCohen Act (Pub. L. 104–106), OPM is 

soliciting comments for this collection. 

DATES: Comments are encouraged and 

will be accepted until March 23, 2018. 

This process is conducted in accordance 

with 5 CFR 1320.1. 

ADDRESSES: Interested persons are 

invited to submit written comments on 

the proposed information collection to 

the Office of Personnel Management, 

Retirement Services, 1900 E Street NW, 

Room 2347E, Washington, DC 20415, 

Attention: Alberta Butler, or sent by 

email to Alberta.Butler@opm.gov. 

FOR FURTHER INFORMATION CONTACT: A 

copy of this ICR with applicable 

supporting documentation, may be 

obtained by contacting the Retirement 

Services Publications Team, Office of 

Personnel Management, 1900 E Street 

NW, Room 3316–L, Washington, DC 

20415, Attention: Cyrus S. Benson, or 

sent by email to Cyrus.Benson@

opm.gov, by phone to 202–606–4808 or 

faxed to (202) 606–0910. 

SUPPLEMENTARY INFORMATION: The 

Representative Payee Survey is used to 

collect information about how the 

benefits paid to a representative payee 

have been used or conserved for the 

benefit of the incompetent annuitant. 

The Office of Management and Budget 

is particularly interested in comments 

that: 

1. Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of functions 

of OPM, including whether the 

information will have practical utility; 

2. Evaluate the accuracy of OPM’s 

estimate of the burden of the proposed 

collection of information, including the 

validity of the methodology and 

assumptions used; 

3. Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

4. Minimize the burden of the 

collection of information on those who 

are to respond, including through the 

use of appropriate automated, 

electronic, mechanical, or other 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submissions 

of responses. 

Form RI 38–115, Representative Payee 

Survey, is used to collect information 

about how the benefits paid to a 

representative payee have been used or 

conserved for the benefit of the 

incompetent annuitant. 

Analysis 

Agency: Retirement Operations, 

Retirement Services, Office of Personnel 

Management. 

Title: Representative Payee Survey. 

OMB Number: 3206–0208. 

Frequency: Annually. 

Affected Public: Individuals or 

Households. 

Number of Respondents: 11,000. 

Estimated Time per Respondent: 20 

minutes. 

Total Burden Hours: 3,667. 

Office of Personnel Management. 

Kathleen M. McGettigan, 

Acting Director. 

[FR Doc. 2018–01052 Filed 1–19–18; 8:45 am] 

BILLING CODE 6325–38–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82506; File No. SR–NYSE– 

2018–01] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Notice of 

Filing of Proposed Rule Change To 

Amend the Complimentary Products 

and Services Available to Certain 

Eligible New Listings Pursuant to 

Section 907.00 of the Exchange’s 

Listed Company Manual 

January 16, 2018. 

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

Securities Exchange Act of 1934 (the 

‘‘Act’’),2 and Rule 19b–4 thereunder,3

notice is hereby given that, on January 

3, 2018, New York Stock Exchange LLC 

(‘‘NYSE’’ or the ‘‘Exchange’’) 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 selfregulatory organization. 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 

907.00 of the Exchange’s Listed 

Company Manual (the ‘‘Manual’’) to 

provide that companies initially listed 

on or after April 1, 2018 will no longer 

be eligible to receive corporate 

governance tools under the Exchange’s 

services offering. The proposed rule 

change is available on the Exchange’s 

website at www.nyse.com, at the 

principal office of the Exchange, and at 

the Commission’s Public Reference 

Room. 

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 


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3036 Federal Register / Vol. 83, No. 14 / Monday, January 22, 2018 / Notices 

4For the purposes of Section 907.00, the term 

‘‘Eligible New Listing’’ means (i) any U.S. company 

that lists common stock on the Exchange for the 

first time and any non-U.S. company that lists an 

equity security on the Exchange under Section 

102.01 or 103.00 of the Manual for the first time, 

regardless of whether such U.S. or non-U.S. 

company conducts an offering and (ii) any U.S. or 

non-U.S. company emerging from a bankruptcy, 

spinoff (where a company lists new shares in the 

absence of a public offering), and carve-out (where 

a company carves out a business line or division, 

which then conducts a separate initial public 

offering). 

5The period of complimentary products and 

services provided to Eligible New Listing 

Companies begins on the date of listing on the 

Exchange. Notwithstanding the foregoing, however, 

if an Eligible New Listing begins to use a particular 

product or service provided for under Section 

907.00 within 30 days of its initial listing date, the 

complimentary period will begin on the date of first 

use. The Exchange’s current offering of corporate 

governance services have a commercial value of 

approximately $50,000 on an annual basis. 

6This rule filing is subject to Commission 

approval. If the Commission does not approve this 

rule filing prior to April 1, 2018, the Exchange will 

amend this rule filing to propose that the 

complimentary corporate governance services 

offering provided for in Section 907.00 of the 

Manual will be terminated as of a later date. 

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

8 15 U.S.C. 78f(b)(5). 

9 15 U.S.C. 78f(b)(4). 

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 those statements may be examined at 

the places specified in Item IV below. 

The Exchange has prepared summaries, 

set forth in sections A, B, and C below, 

of the most significant parts of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to amend 

Section 907.00 of the Manual to provide 

that companies initially listed on or 

after April 1, 2018 will no longer be 

eligible to receive corporate governance 

tools under the Exchange’s services 

offering. 

Currently, all Eligible New Listings 4

are entitled to receive complimentary 

access to corporate governance tools for 

a period of 24 calendar months with a 

commercial value of approximately 

$50,000).5 In the Exchange’s experience, 

companies that qualify as Eligible New 

Listings have generally not been 

interested in utilizing the corporate 

governance tools available as part of the 

Exchange’s services offering. 

Consequently, the Exchange proposes to 

amend Section 907.00 to discontinue its 

provision of corporate governance tools. 

Eligible New Listings with an initial 

listing date before April 1, 2018, will 

continue to be eligible to avail 

themselves of complimentary corporate 

governance tools on the same terms as 

such services are currently offered. 

Companies whose initial listing date is 

on or after April 1, 2018 will no longer 

be eligible to receive any complimentary 

corporate governance tools.6

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

Section 6(b) 7 of the Act, in general, and 

furthers the objectives of Section 6(b)(5) 

of the Act,8 in particular in that it is 

designed to promote just and equitable 

principles of trade, to foster cooperation 

and coordination with persons engaged 

in regulating, clearing, settling, 

processing information with respect to, 

and facilitating transactions in 

securities, to remove impediments to 

and perfect the mechanism of a free and 

open market and a national market 

system, and, in general, to protect 

investors and the public interest. The 

Exchange believes that the proposed 

amendment is not unfairly 

discriminatory, as all companies listed 

on or after April 1, 2018 will continue 

to be eligible to avail themselves of the 

same services offering with the 

exception of the corporate governance 

tools offering which will be 

discontinued. It is not unfairly 

discriminatory to continue to offer 

corporate governance tools to 

companies listed prior to April 1, 2018 

on the same terms as they are currently 

offered, as that benefit was part of the 

services offering that was available at 

the time of those companies’ initial 

listing and may have had some 

influence over their listing decisions. 

The Exchange further believes that the 

proposed rule change is consistent with 

Section 6(b)(4) of the Act.9 In particular, 

the Exchange has found that companies 

that qualify as Eligible New Listings 

have generally not been interested in 

utilizing the corporate governance tools 

available as part of the Exchange’s 

services offerings and, therefore, the 

Exchange believes it is reasonable to 

eliminate such offering. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purpose of the Act. The proposed 

rule change does not impose any burden 

on competition, as all companies whose 

initial listing occurs on or after April 1, 

2018 will be eligible for an identical 

services offering with the exception of 

the discontinued corporate governance 

tools. In addition, all companies whole 

[sic] initial listing occurs prior to April 

1, 2018 will continue to be eligible for 

corporate governance services on the 

same terms as they are currently offered. 

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 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 

the 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– 

NYSE–2018–01 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–NYSE–2018–01. 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 website (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 


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Federal Register / Vol. 83, No. 14 / Monday, January 22, 2018 / Notices 3037 

10 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See NOM and BX Options Rules at Chapter VI. 

4Specifically, the Exchange will amend cross 

references in Rules 1000, 1080, and 1098. 

5The Exchange will insert the word 

‘‘Commentary’’ after the citation to Rule 1064.02, to 

properly cite the section of the rule. 

Moreover, the cite to Rule 1080.07 will be 

updated to Rule 1098, as rule 1080.07 was relocated 

to existing Rule 1098 in 2016. Securities Exchange 

Act Release No. 78001 (June 7, 2016), 81 FR 38246 

(June 13, 2016) (SR–Phlx–2016–63). 

Finally, the call ‘‘(ii),’’ at the end of Rule 

1000(b)(14) will be removed, as it was not part of 

the most recent change approved for this rule. 

Securities Exchange Act Release No. 77449 (March 

25, 2016), 81 FR 18665 (March 31, 2016) (SR–Phlx– 

2016–10). 

6 15 U.S.C. 78f(b). 

7 15 U.S.C. 78f(b)(5). 

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

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 website 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 the Exchange. All comments 

received will be posted without change. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. All 

submissions should refer to File 

Number SR–NYSE–2018–01, and 

should be submitted on or before 

February 12, 2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.10

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–00977 Filed 1–19–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82505; File No. SR–Phlx– 

2018–06] 

Self-Regulatory Organizations; Nasdaq 

PHLX LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Relocate Price 

Improvement XL Rule 

January 16, 2018. 

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

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on January 8, 

2018, Nasdaq PHLX LLC (‘‘Phlx’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I and II 

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 relocate 

Rule 1080(n) (‘‘Price Improvement XL’’ 

or ‘‘PIXL’’), make conforming crossreference changes and minor corrections 

throughout the Exchange’s rulebook. 

The text of the proposed rule change 

is available on the Exchange’s website at 

http://nasdaqphlx.cchwallstreet.com/, 

at the principal office of the Exchange, 

and at the Commission’s Public 

Reference Room. 

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 

Exchange 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 

Exchange 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 

The Exchange proposes to relocate 

Exchange Rule 1080(n) to Rule 1087, 

which is currently reserved. This 

proposal seeks to better organize the 

rules to avoid lengthy rules, specifically 

Rule 1080, to make the rule easier to 

read. Also, to locate the PIXL auction 

rule similar to the auction rules of its 

affiliated options exchanges, as a 

separate rule.3 The Exchange also 

proposes to amend cross-references to 

current Rule 1080(n) to new Rule 1087.4

Finally, the Exchange will make minor 

corrections to Rule 1000(b)(14) to 

update incorrect cross-references to 

Rules 1064 and 1080.07 to their current 

locations.5 The Exchange notes that the 

changes proposed herein are nonsubstantive rule changes, they merely 

seek to conform the rule text structure 

to that of other affiliated markets. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act,6 in general, and furthers the 

objectives of Section 6(b)(5) of the Act,7

in particular, in that it is designed to 

promote just and equitable principles of 

trade, to remove impediments to and 

perfect the mechanism of a free and 

open market and a national market 

system, and, in general to protect 

investors and the public interest, by 

improving the way its rulebook is 

organized, making it easier to read, to 

align it closer to the rules of its sister 

exchanges and, particularly, to help 

market participants better understand 

the rules of the Exchange. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange 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. The 

Exchange’s proposal does not impose an 

undue burden on competition, rather 

the proposal seeks to make nonsubstantive rule changes to relocate the 

rule and update cross references to Rule 

1080(n) as well as other incorrect crossreferences. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were either 

solicited or received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the foregoing proposed rule 

change does not (i) significantly affect 

the protection of investors or the public 

interest; (ii) impose any significant 

burden on competition; and (iii) become 

operative for 30 days from the date on 

which it was filed, or such shorter time 

as the Commission may designate, it has 

become effective pursuant to Section 

19(b)(3)(A)(iii) of the Act 8 and 


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