74782 Federal Register / Vol. 79, No. 241 / Tuesday, December 16, 2014 / Notices 

1See Securities Exchange Act Release No. 98 

(February 12, 1935). 

2See Securities Exchange Act Release No. 7011 

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

3See Securities Exchange Act Release No. 52029 

(July 14, 2005), 70 FR 42456 (July 22, 2005). 

certain circumstances, including in the 

establishment of prices and 

classifications for market-dominant 

products and the revocation of a 

delegation of Board authority. In such 

circumstances, the Governors 

determined that it was reasonable and 

appropriate to apply the same rule as 

generally specified by the statute for the 

exercise of its powers: action can be 

taken with the consent of an absolute 

majority of the Governors then in office. 

Stanley F. Mires, 

Attorney, Federal Requirements. 

[FR Doc. 2014–29344 Filed 12–15–14; 8:45 am] 

BILLING CODE 7710–12–P 

POSTAL SERVICE 

Product Change—Priority Mail Express 

Negotiated Service Agreement 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: The Postal Service gives 

notice of filing a request with the Postal 

Regulatory Commission to add a 

domestic shipping services contract to 

the list of Negotiated Service 

Agreements in the Mail Classification 

Schedule’s Competitive Products List. 

DATES: Effective date: December 16, 

2014. 

FOR FURTHER INFORMATION CONTACT: 

Elizabeth A. Reed, 202–268–3179. 

SUPPLEMENTARY INFORMATION: The 

United States Postal Service® hereby 

gives notice that, pursuant to 39 U.S.C. 

3642 and 3632(b)(3), on December 9, 

2014, it filed with the Postal Regulatory 

Commission a Request of the United 

States Postal Service to Add Priority 

Mail Express Contract 22 to Competitive 

Product List. Documents are available at 

www.prc.gov, Docket Nos. MC2015–15, 

CP2015–19. 

Stanley F. Mires, 

Attorney, Federal Requirements. 

[FR Doc. 2014–29378 Filed 12–15–14; 8:45 am] 

BILLING CODE 7710–12–P 

POSTAL SERVICE 

Product Change—Priority Mail Express 

Negotiated Service Agreement 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: The Postal Service gives 

notice of filing a request with the Postal 

Regulatory Commission to add a 

domestic shipping services contract to 

the list of Negotiated Service 

Agreements in the Mail Classification 

Schedule’s Competitive Products List. 

DATES: Effective date: December 16, 

2014. 

FOR FURTHER INFORMATION CONTACT: 

Elizabeth A. Reed, 202–268–3179. 

SUPPLEMENTARY INFORMATION: The 

United States Postal Service® hereby 

gives notice that, pursuant to 39 U.S.C. 

3642 and 3632(b)(3), on December 9, 

2014, it filed with the Postal Regulatory 

Commission a Request of the United 

States Postal Service to Add Priority 

Mail Express Contract 23 to Competitive 

Product List. Documents are available at 

www.prc.gov, Docket Nos. MC2015–16, 

CP2015–20. 

Stanley F. Mires, 

Attorney, Federal Requirements. 

[FR Doc. 2014–29376 Filed 12–15–14; 8:45 am] 

BILLING CODE 7710–12–P 

POSTAL SERVICE 

Product Change—Priority Mail 

Negotiated Service Agreement 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: The Postal Service gives 

notice of filing a request with the Postal 

Regulatory Commission to add a 

domestic shipping services contract to 

the list of Negotiated Service 

Agreements in the Mail Classification 

Schedule’s Competitive Products List. 

DATES: Effective date: December 16, 

2014. 

FOR FURTHER INFORMATION CONTACT: 

Elizabeth A. Reed, 202–268–3179. 

SUPPLEMENTARY INFORMATION: The 

United States Postal Service® hereby 

gives notice that, pursuant to 39 U.S.C. 

3642 and 3632(b)(3), on December 9, 

2014, it filed with the Postal Regulatory 

Commission a Request of the United 

States Postal Service to Add Priority 

Mail Contract 103 to Competitive 

Product List. Documents are available at 

www.prc.gov, Docket Nos. MC2015–17, 

CP2015–21. 

Stanley F. Mires, 

Attorney, Federal Requirements. 

[FR Doc. 2014–29377 Filed 12–15–14; 8:45 am] 

BILLING CODE 7710–12–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 12d2–2 and Form 25, SEC File No. 

270–86, OMB Control No. 3235–0080. 

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’’) has submitted to the 

Office of Management and Budget a 

request for approval of extension of the 

existing collection of information 

provided for the following rule: Rule 

12d2–2 (17 CFR 240.12d2–2) and Form 

25 (17 CFR 249.25). 

On February 12, 1935, the 

Commission adopted Rule 12d2–2,1 and 

Form 25 under the Securities Exchange 

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

(‘‘Act’’), which sets forth the conditions 

and procedures under which a security 

may be delisted from an exchange and 

withdrawn from registration under 

Section 12(b) of the Act.2 The 

Commission adopted amendments to 

Rule 12d2–2 and Form 25 in 2005.3

Under the adopted Rule 12d2–2, all 

issuers and national securities 

exchanges seeking to delist and 

deregister a security in accordance with 

the rules of an exchange must file the 

adopted version of Form 25 with the 

Commission. The Commission also 

adopted amendments to Rule 19d-1 

under the Act to require exchanges to 

file the adopted version of Form 25 as 

notice to the Commission under Section 

19(d) of the Act. Finally, the 

Commission adopted amendments to 

exempt standardized options and 

security futures products from Section 

12(d) of the Act. These amendments are 

intended to simplify the paperwork and 

procedure associated with a delisting 

and to unify general rules and 

procedures relating to the delisting 

process. 

The Form 25 is useful because it 

informs the Commission that a security 

previously traded on an exchange is no 

longer traded. In addition, the Form 25 

enables the Commission to verify that 

the delisting and/or deregistration has 

occurred in accordance with the rules of 

the exchange. Further, the Form 25 

helps to focus the attention of delisting 

issuers to make sure that they abide by 

the proper procedural and notice 

requirements associated with a delisting 

and/or deregistration. Without Rule 

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Federal Register / Vol. 79, No. 241 / Tuesday, December 16, 2014 / Notices 74783 

4The staff notes that a few of these 18 registered 

national securities exchanges only have rules to 

permit the listing of standardized options, which 

are exempt from Rule 12d2–2 under the Act. 

Nevertheless, we have counted national securities 

exchanges that can only list options as potential 

respondents because these exchanges could 

potentially adopt new rules, subject to Commission 

approval under Section 19(b) of the Act, to list and 

trade equity and other securities that have to 

comply with Rule 12d2–2 under the Act. Notice 

registrants that are registered as national securities 

exchanges solely for the purposes of trading 

securities futures products have not been counted 

since, as noted above, securities futures products 

are exempt from complying with Rule 12d-2–2 

under the Act and therefore do not have to file 

Form 25. 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 73512 

(Nov. 3, 2014), 79 FR 66442. 

4All comments on the proposed rule change, 

including Amendment No. 1, are available on the 

Commission’s Web site at: http://www.sec.gov/

comments/sr-nysearca-2014-107/

nysearca2014107.shtml. 

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

12d2–2 and the Form 25, as applicable, 

the Commission would be unable to 

fulfill its statutory responsibilities. 

There are 18 national securities 

exchanges that could possibly be 

respondents complying with the 

requirements of the Rule and Form 25.4

The burden of complying with Rule 

12d2–2 and Form 25 is not evenly 

distributed among the exchanges, 

however, since there are many more 

securities listed on the New York Stock 

Exchange, the NASDAQ Stock Market, 

and NYSEMKT than on the other 

exchanges. However, for purposes of 

this filing, the Commission staff has 

assumed that the number of responses is 

evenly divided among the exchanges. 

Since approximately 690 responses 

under Rule 12d2–2 and Form 25 for the 

purpose of delisting and/or 

deregistration of equity securities are 

received annually by the Commission 

from the national securities exchanges, 

the resultant aggregate annual reporting 

hour burden would be, assuming on 

average one hour per response, 690 

annual burden hours for all exchanges 

(18 exchanges × an average of 38.3 

responses per exchange × 1 hour per 

response). In addition, since 

approximately 100 responses are 

received by the Commission annually 

from issuers wishing to remove their 

securities from listing and registration 

on exchanges, the Commission staff 

estimates that the aggregate annual 

reporting hour burden on issuers would 

be, assuming on average one reporting 

hour per response, 100 annual burden 

hours for all issuers (100 issuers × 1 

response per issuer × 1 hour per 

response). Accordingly, the total annual 

hour burden for all respondents to 

comply with Rule 12d2–2 is 790 hours 

(690 hours for exchanges + 100 hours 

for issuers). The related internal labor 

costs associated with these burden 

hours are $42,797.50 total ($36,397.50 

for exchanges ($52.75 per response × 

690 responses) and $6,400 for issuers 

($64 per response × 100 responses)). 

The collection of information 

obligations imposed by Rule 12d2–2 

and Form 25 are 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: December 10, 2014. 

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–29366 Filed 12–15–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meeting 

Notice is hereby given, pursuant to 

the provisions of the Government in the 

Sunshine Act, Public Law 94–409, that 

the Securities and Exchange 

Commission will hold a Closed Meeting 

on Thursday, December 18, 2014 at 2:00 

p.m. 

Commissioners, Counsel to the 

Commissioners, the Secretary to the 

Commission, and recording secretaries 

will attend the Closed Meeting. Certain 

staff members who have an interest in 

the matters also may be present. 

The General Counsel of the 

Commission, or her designee, has 

certified that, in her opinion, one or 

more of the exemptions set forth in 5 

U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) 

and 17 CFR 200.402(a)(3), (5), (7), 9(ii) 

and (10), permit consideration of the 

scheduled matter at the Closed Meeting. 

Commissioner Stein, as duty officer, 

voted to consider the items listed for the 

Closed Meeting in closed session. 

The subject matter of the Closed 

Meeting will be: 

Institution and settlement of 

injunctive actions; 

Institution and settlement of 

administrative proceedings; and 

Other matters relating to enforcement 

proceedings. 

At times, changes in Commission 

priorities require alterations in the 

scheduling of meeting items. 

For further information and to 

ascertain what, if any, matters have been 

added, deleted or postponed, please 

contact the Office of the Secretary at 

(202) 551–5400. 

Dated: December 11, 2014. 

Brent J. Fields, 

Secretary. 

[FR Doc. 2014–29502 Filed 12–12–14; 11:15 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73810; File No. SR– 

NYSEArca–2014–107] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Designation of a 

Longer Period for Commission Action 

on Proposed Rule Change, as Modified 

by Amendment No. 1 Thereto, To 

Reflect Changes to the Means of 

Achieving the Investment Objective 

Applicable to the Guggenheim 

Enhanced Short Duration ETF 

December 10, 2014. 

On October 21, 2014, NYSE Arca, Inc. 

(‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’), pursuant to Section 

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

of 1934 (‘‘Act’’) 1 and Rule 19b–4 

thereunder,2 a proposed rule change to 

reflect changes to the description of the 

measures the Adviser of the 

Guggenheim Enhanced Short Duration 

ETF will utilize to implement the fund’s 

investment objectives. On October 29, 

2014, the Exchange filed Amendment 

No. 1 to the proposed rule change. The 

proposed rule change was published for 

comment in the Federal Register on 

November 7, 2014.3 The Commission 

received one comment on the proposal.4

Section 19(b)(2) of the Act 5 provides 

that within 45 days of the publication of 

notice of the filing of a proposed rule 

change, or within such longer period up 

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