65280 Federal Register / Vol. 79, No. 212 / Monday, November 3, 2014 / Notices 

9 15 U.S.C. 78s(b)(3)(A). 

10 17 CFR 240.19b–4(f)(6). 11 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

of the purposes of the Act. The billing 

policy would apply uniformly to all BX 

equity members as it does today with all 

Options Participants. All BX members 

would be subject to this policy. 

Further, this proposal would provide 

a cost savings to the Exchange in that it 

would alleviate administrative 

processes related to the untimely review 

of billing disputes which divert staff 

resources away from the Exchange’s 

regulatory and business purposes. 

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 significantly affect the 

protection of investors or the public 

interest; does not impose any significant 

burden on competition; and by its terms 

does not 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) 9 of the 

Act and Rule 19b–4(f)(6) thereunder.10

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. If the 

Commission takes such action, the 

Commission shall institute proceedings 

to determine whether the proposed rule 

should be approved or 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– 

BX–2014–054 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–BX–2014–054. 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 such 

filing also will be available for 

inspection and copying at the principal 

offices of the Exchange. 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–BX– 

2014–054, and should be submitted on 

or before November 24, 2014. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–26012 Filed 10–31–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73451; File No. SR–ICC– 

2014–17] 

Self-Regulatory Organizations; ICE 

Clear Credit LLC; Notice of Filing of 

Proposed Rule Change To Revise ICC 

End-of-Day Price Discovery Policies 

and Procedures 

October 28, 2014. 

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 October 

17, 2014, ICE Clear Credit LLC (‘‘ICC’’) 

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 primarily by ICC. 

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 principal purpose of the 

proposed rule change is to revise the 

ICC End-of-Day Price Discovery Policies 

and Procedures to incorporate 

enhancements to its price discovery 

process. This revision does not require 

any changes to the ICC Clearing Rules 

(‘‘Rules’’). 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, ICC 

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. ICC has prepared 

summaries, set forth in sections A, B, 

and C below, of the most significant 

aspects of these statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

ICC proposes revising the ICC End-ofDay Price Discovery Policies and 

Procedures to incorporate 

enhancements to its price discovery 

process. 

ICC believes such revisions will 

facilitate the prompt and accurate 

mstockstill on DSK4VPTVN1PROD with NOTICES

Federal Register / Vol. 79, No. 212 / Monday, November 3, 2014 / Notices 65281 

3Pursuant to a teleconference with ICC’s in-house 

counsel on October 27, 2014, staff in the Division 

of Trading and Markets has added this sentence to 

more completely describe the proposed textual 

changes as a result of this proposed rule change. 

4 15 U.S.C. 78q–1(b)(3)(F). 

5 Id. 

6 Id. 

clearance and settlement of securities 

transactions and derivative agreements, 

contracts, and transactions for which it 

is responsible. The proposed revisions 

are described in detail as follows. 

ICC currently utilizes a ‘‘cross and 

lock’’ algorithm as part of its price 

discovery process. Under this algorithm, 

bids and offers derived from Clearing 

Participant submissions are matched by 

sorting them from highest to lowest and 

lowest to highest levels, respectively. 

This sorting process pairs the CP 

submitting the highest bid price with 

the CP submitting the lowest offer price, 

the CP submitting the second highest 

bid price with the CP submitting the 

second-lowest offer price, and so on. 

The algorithm then identifies crossed 

and/or locked markets. Crossed markets 

are the Clearing Participant pairs 

generated by the sorting and ranking 

process for which the bid price of one 

Clearing Participant is above the offer 

price of the matched Clearing 

Participant. The algorithm identifies 

locked markets, where the bid and the 

offer are equal, in a similar fashion. The 

mid-point of the first non-crossed, nonlocked matched market is the final endof-day level (with additional steps taken 

to remove off-market submissions from 

influencing the final level). This process 

captures the market dynamics of 

trading; however, final pricing levels are 

ultimately determined by a single bid 

and a single offer, which results in the 

ability for one submission to influence 

the outcome. 

ICC proposes enhancements to its 

methodology to improve the consistency 

of prices and reduce the sensitivity of 

the final level to a single Clearing 

Participant’s submission. Under the new 

‘‘cross and lock’’ methodology, the 

average of the mid-points of all noncrossed, non-locked matched markets 

that are less than or equal to one bidoffer width is used as the final level 

(with additional steps taken to remove 

off-market submissions from influencing 

the final level). As a result, prices are 

less sensitive to outlying submissions. 

ICC also proposes additional language 

in the ICC End-of-Day Price Discovery 

Policies and Procedures to clarify 

existing policies and practices, 

including, but not limited to, language 

to clarify the existing pricing 

methodology’s treatment of identical 

crossed or locked matched market bids 

or offers.3 There are no changes to ICC’s 

Rules as a result of these enhancements. 

Section 17A(b)(3)(F) of the Act 4

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, and to the extent 

applicable, derivative agreements, 

contracts and transactions and to 

comply with the provisions of the Act 

and the rules and regulations 

thereunder. ICC believes that the 

proposed rule changes are consistent 

with the requirements of the Act and the 

rules and regulations thereunder 

applicable to ICC, in particular, to 

Section 17(A)(b)(3)(F),5 because ICC 

believes that the proposed rule changes 

will assure the prompt and accurate 

clearance and settlement of securities 

transactions, derivatives agreements, 

contracts, and transactions, as the 

proposed revisions enhance ICC’s price 

discovery process, resulting in more 

consistent day-over-day end-of-day 

levels. As such, the proposed changes 

are designed to promote the prompt and 

accurate clearance and settlement of 

securities transactions, derivatives 

agreements, contracts, and transactions 

within the meaning of Section 

17A(b)(3)(F) 6 of the Act. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

ICC does not believe the proposed 

rule changes would have any impact, or 

impose any burden, on competition. 

The enhancements to ICC’s price 

discovery process apply uniformly 

across all market participants. 

Therefore, ICC does not believe the 

proposed rule changes impose any 

burden on competition that is 

inappropriate in furtherance of the 

purposes of the Act. 

C. Self-Regulatory Organization’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 been 

solicited or received. ICC will notify the 

Commission of any written comments 

received by ICC. 

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– 

ICC–2014–17 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–ICC–2014–17. 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 such 

filings will also be available for 

inspection and copying at the principal 

office of ICE Clear Credit and on ICE 

Clear Credit’s Web site at https://www.

theice.com/clear-credit/regulation. 

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 

mstockstill on DSK4VPTVN1PROD with NOTICES

65282 Federal Register / Vol. 79, No. 212 / Monday, November 3, 2014 / Notices 

7 17 CFR 200.30–3(a)(12). 

submissions should refer to File 

Number SR–ICC–2014–17 and should 

be submitted on or before November 24, 

2014. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.7

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–26011 Filed 10–31–14; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Senior Executive Service: Performance 

Review Board Members 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice of Members for the FY 15 

Performance Review Board. 

SUMMARY: Section 4314(c)(4) of Title 5, 

U.S.C.; requires each agency to publish 

notification of the appointment of 

individuals who may serve as members 

of that Agency’s Performance Review 

Board (PRB). The following individuals 

have been designated to serve on the FY 

15 Performance Review Board for the 

U.S. Small Business Administration: 

1. Robert Hill (Chair), Associate 

Administrator, Field Operations 

2. Nicholas Coutsos, Associate 

Administrator, Congressional and 

Legislative Affairs 

3. Isabella Guzman, Senior Advisor to 

the Administrator 

4. James Rivera, Associate 

Administrator for Disaster 

Assistance 

5. John Klein, Assistant General Counsel 

for Procurement 

6. Renee Macklin, Chief Information 

Officer 

7. Francisco Marrero, District Director, 

South Florida 

Maria Contreras-Sweet, 

Administrator. 

[FR Doc. 2014–26039 Filed 10–31–14; 8:45 am] 

BILLING CODE P 

SOCIAL SECURITY ADMINISTRATION 

Agency Information Collection 

Activities: Comment Request 

The Social Security Administration 

(SSA) publishes a list of information 

collection packages requiring clearance 

by the Office of Management and 

Budget (OMB) in compliance with 

Public Law 104–13, the Paperwork 

Reduction Act of 1995, effective October 

1, 1995. This notice includes a revision 

of an OMB-approved information 

collection. 

SSA is soliciting comments on the 

accuracy of the agency’s burden 

estimate; the need for the information; 

its practical utility; ways to enhance its 

quality, utility, and clarity; and ways to 

minimize burden on respondents, 

including the use of automated 

collection techniques or other forms of 

information technology. Mail, email, or 

fax your comments and 

recommendations on the information 

collection(s) to the OMB Desk Officer 

and SSA Reports Clearance Officer at 

the following addresses or fax numbers. 

(OMB), Office of Management and 

Budget, Attn: Desk Officer for SSA, 

Fax: 202–395–6974, Email address: 

OIRA_Submission@omb.eop.gov. 

(SSA), Social Security Administration, 

OLCA, Attn: Reports Clearance 

Director, 3100 West High Rise, 6401 

Security Blvd., Baltimore, MD 21235, 

Fax: 410–966–2830, Email address: 

OR.Reports.Clearance@ssa.gov. 

SSA submitted the information 

collection below to OMB for clearance. 

Your comments regarding the 

information collection would be most 

useful if OMB and SSA receive them 30 

days from the date of this publication. 

To be sure we consider your comments, 

we must receive them no later than 

December 3, 2014. Individuals can 

obtain copies of the OMB clearance 

package by writing to 

OR.Reports.Clearance@ssa.gov. 

Application for a Social Security 

Number Card, and the Social Security 

Number Application Process (SSNAP)— 

20 CFR 422.103–422.110—0960–0066. 

SSA collects information on the SS–5 

(used in the United States) and SS–5– 

FS (used outside the United States) to 

issue original or replacement Social 

Security cards. SSA also enters the 

application data into the Social Security 

Number Application Process (SSNAP) 

when applicants request a new or 

replacement card via telephone or in 

person. In addition, hospitals collect the 

same information on SSA’s behalf for 

newborn children through the 

Enumeration-at-Birth process. In this 

process, parents of newborns provide 

hospital birth registration clerks with 

information required to register these 

newborns. Hospitals send this 

information to State Bureaus of Vital 

Statistics (BVS), and they send the 

information to SSA’s National Computer 

Center. SSA then uploads the data to the 

SSA mainframe along with all other 

enumeration data, and we assign the 

newborn a Social Security number 

(SSN) and issue a Social Security card. 

Respondents can also use these 

modalities to request a change in their 

SSN records. The respondents for this 

collection are applicants for original and 

replacement Social Security cards, or 

individuals who wish to change 

information in their SSN records, who 

use any of the modalities described 

above. 

Type of Request: Revision of an OMBapproved information collection. 

Application scenario Number of 

respondents 

Frequency of 

response 

Average burden 

per response 

(minutes) 

Estimated total 

annual burden 

(hours) 

Respondents who do not have to provide parents’ SSNs ...... 12,000,000 1 8.5 1,700,000 

Respondents whom we ask to provide parents’ SSNs (when 

applying for original SSN cards for children under age 18) 400,000 1 9 60,000 

Applicants age 12 or older who need to answer additional 

questions so SSA can determine whether we previously 

assigned an SSN ................................................................. 1,500,000 1 9.5 237,500 

Applicants asking for a replacement SSN card beyond the 

new allowable limits (i.e., who must provide additional documentation to accompany the application) .......................... 900 1 60 900 

Authorization to SSA to obtain personal information cover 

letter ..................................................................................... 500 1 15 125 

mstockstill on DSK4VPTVN1PROD with NOTICES