72218 Federal Register / Vol. 79, No. 234 / Friday, December 5, 2014 / Notices 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–146, OMB Control 

No.3235–0134] 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: U.S. Securities and Exchange 

Commission, Office of FOIA Services, 

Washington, DC 20549–2736. 

Extension: 

Rule 15c1–7. 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for approval of 

extension of the existing collection of 

information provided for in Rule 15c1– 

7 (17 CFR 240.15c1–7) under the 

Securities Exchange Act of 1934 (15 

U.S.C. 78a et seq.) (‘‘Exchange Act’’). 

Rule 15c1–7 states that any act of a 

broker-dealer designed to effect 

securities transactions with or for a 

customer account over which the 

broker-dealer (directly or through an 

agent or employee) has discretion will 

be considered a fraudulent, 

manipulative, or deceptive practice 

under the federal securities laws, unless 

a record is made of the transaction 

immediately by the broker-dealer. The 

record must include (a) the name of the 

customer, (b) the name, amount, and 

price of the security, and (c) the date 

and time when such transaction took 

place. The Commission estimates that 

446 respondents collect information 

related to approximately 400,000 

transactions annually under Rule 15c1– 

7 and that each respondent would 

spend approximately 5 minutes on the 

collection of information for each 

transaction, for approximately 33,333 

aggregate hours per year (approximately 

74.7 hours per respondent). 

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 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, 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 within 30 days of this 

notice. 

Dated: December 1, 2014. 

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–28550 Filed 12–4–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–418, OMB Control No. 

3235–0485] 

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 15c2–1. 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for approval of 

extension of the previously approved 

collection of information provided for in 

Rule 15c2–1, (17 CFR 240.15c2–1), 

under the Securities Exchange Act of 

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

Rule 15c2–1 (17 CFR 240.15c2–1) 

prohibits the commingling under the 

same lien of securities of margin 

customers (a) with other customers 

without their written consent and (b) 

with the broker or dealer. The rule also 

prohibits the re-hypothecation of 

customers’ margin securities for a sum 

in excess of the customer’s aggregate 

indebtedness. Pursuant to Rule 15c2–1, 

respondents must collect information 

necessary to prevent the rehypothecation of customer securities in 

contravention of the rule, issue and 

retain copies of notices of hypothecation 

of customer securities in accordance 

with the rule, and collect written 

consents from customers in accordance 

with the rule. The information is 

necessary to ensure compliance with the 

rule and to advise customers of the 

rule’s protections. 

There are approximately 61 

respondents (i.e., broker-dealers that 

conducted business with the public, 

filed Part II or Part IICSE of the FOCUS 

Report, did not claim an exemption 

from the Rule 15c3–3 reserve formula 

computation, and reported that they had 

a bank loan during at least one quarter 

of the current year) that require an 

aggregate total of 1,373 hours to comply 

with the rule. Each of these 

approximately 61 registered brokerdealers makes an estimated 45 annual 

responses. Each response takes 

approximately 0.5 hours to complete. 

Thus, the total compliance burden per 

year is 1,373 burden hours. 

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 1, 2014. 

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–28551 Filed 12–4–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–423, OMB Control 

No.3235–0472] 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: U.S. Securities and Exchange 

Commission, Office of FOIA Services, 

Washington, DC 20549–2736. 

Extension: 

Rule 15c1–6. 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for approval of 

extension of the existing collection of 

information provided for in Rule 15c1– 


wreier-aviles on DSK5TPTVN1PROD with NOTICES
Federal Register / Vol. 79, No. 234 / Friday, December 5, 2014 / Notices 72219 

1 15 U.S.C. 78k–1. 

2 17 CFR 242.608. 

3The OPRA Plan is a national market system plan 

approved by the Commission pursuant to Section 

11A of the Act and Rule 608 thereunder. See 

Securities Exchange Act Release No. 17638 (March 

18, 1981), 22 SE.C. Docket 484 (March 31, 1981). 

The full text of the OPRA Plan is available at 

http://www.opradata.com. The OPRA Plan provides 

for the collection and dissemination of last sale and 

quotation information on options that are traded on 

the participant exchanges. The twelve participants 

to the OPRA Plan are BATS Exchange, Inc., BOX 

Options Exchange, LLC, Chicago Board Options 

Exchange, Incorporated, C2 Options Exchange, 

Incorporated, International Securities Exchange, 

LLC, Miami International Securities Exchange, LLC, 

NASDAQ OMX BX, Inc., NASDAQ OMX PHLX 

LLC, NASDAQ Stock Market LLC, NYSE MKT LLC, 

NYSE Arca, Inc., and Topaz Exchange, LLC (d/b/ 

a ISE Gemini). 

4See Securities Exchange Act Release No. 72824 

(August 12, 2014), 79 FR 48780 (‘‘Notice’’). 

5These two forms are Attachments B–1 and 

B–2 to OPRA’s Form of Vendor Agreement and they 

are available on OPRA’s Web site at 

www.opradata.com. 

6According to OPRA, the definition of the term 

‘‘Nonprofessional Subscriber’’ used by the 

Consolidated Tape Association (‘‘CTA’’), which is 

substantively similar to OPRA’s definition in almost 

all respects, prevents a similar reading of its 

definition. 

7 In approving this proposed OPRA Plan 

Amendment, the Commission has considered its 

Continued 

6 (17 CFR 240.15c1–6) under the 

Securities Exchange Act of 1934 (15 

U.S.C. 78a et seq.) (Exchange Act). 

Rule 15c1–6 states that any brokerdealer trying to sell to or buy from a 

customer a security in a primary or 

secondary distribution in which the 

broker-dealer is participating or is 

otherwise financially interested must 

give the customer written notification of 

the broker-dealer’s participation or 

interest at or before completion of the 

transaction. The Commission estimates 

that 446 respondents collect information 

annually under Rule 15c1–6 and that 

each respondent would spend 

approximately 10 hours annually 

complying with the collection of 

information requirement (approximately 

4,460 hours in aggregate). 

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. 

Background documentation for this 

information collection may be viewed 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 within 30 days of this 

notice. 

Dated: December 1, 2014. 

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–28549 Filed 12–4–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73712; File No. SR–OPRA– 

2014–03] 

Options Price Reporting Authority; 

Order Approving an Amendment to the 

Plan for Reporting of Consolidated 

Options Last Sale Reports and 

Quotation Information To Amend 

OPRA’s Definition of the term 

‘‘Nonprofessional’’ 

December 1, 2014. 

I. Introduction 

On March 11, 2014, the Options Price 

Reporting Authority (‘‘OPRA’’) 

submitted to the Securities and 

Exchange Commission (‘‘Commission’’), 

pursuant to Section 11A of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 1 and Rule 608 thereunder,2 an 

amendment to the Plan for Reporting of 

Consolidated Options Last Sale Reports 

and Quotation Information (‘‘OPRA 

Plan’’).3 The proposed OPRA Plan 

amendment would revise the definition 

of the term ‘‘Nonprofessional.’’ The 

proposed OPRA Plan amendment was 

published for comment in the Federal 

Register on August 18, 2014.4 The 

Commission received no comment 

letters in response to the Notice. 

This order approves the proposed 

OPRA Plan amendment. 

II. Description of the Proposal 

The purpose of the proposed 

amendment is to revise the definition of 

the term ‘‘Nonprofessional’’ as that term 

is used in the ‘‘Addendum for 

Nonprofessionals’’ that is attached to 

OPRA’s Electronic Form of Subscriber 

Agreement and its Hardcopy Form of 

Subscriber Agreement.5

Paragraph (c) of OPRA’s current 

definition of the term 

‘‘Nonprofessional’’ specifies that to 

qualify as a ‘‘Nonprofessional’’ a person 

must not be: ‘‘(i) registered or qualified 

with the Securities and Exchange 

Commission, the Commodities Futures 

Trading Commission, any state 

securities agency, any securities 

exchange/association, or any 

commodities/futures contract market/

association, (ii) engaged as an 

‘‘investment adviser,’’ as that term is 

defined in the Investment Advisers Act 

of 1940 (whether or not registered or 

qualified under that Act); or (iii) 

employed by a bank or other 

organization exempt from registration 

under Federal and/or state securities 

laws to perform functions that would 

require you to be so registered or 

qualified if you were to perform such 

functions for an organization not so 

exempt.’’ According to OPRA, a literal 

reading of this language could lead to 

the conclusion that a person who works 

outside of the United States as (for 

example) a securities broker could 

qualify as a ‘‘Nonprofessional,’’ because 

the person is not covered by clauses (i), 

(ii) or (iii) of Paragraph (c). 

OPRA is not aware of any instances in 

which an OPRA Vendor has determined 

that Subscribers who work outside the 

United States qualify to be 

Nonprofessional Subscribers on the 

basis of reading the definition of the 

term ‘‘Nonprofessional’’ in this 

manner.6 However, OPRA believes that 

it is appropriate to modify the language 

to prevent such a reading. Accordingly, 

OPRA proposes to modify the current 

definition by adding a phrase at the 

beginning of paragraph (c) to clarify that 

the current language applies to persons 

who work in the United States and 

adding a sentence to paragraph (c) to say 

that ‘‘For a natural person who works 

outside of the United States, a 

‘Professional’ is a natural person who 

performs the same functions as someone 

who would be considered a 

‘Professional’ in the United States.’’ 

III. Discussion 

After careful review, the Commission 

finds that the proposed OPRA Plan 

amendment is consistent with the 

requirements of the Act and the rules 

and regulations thereunder.7


wreier-aviles on DSK5TPTVN1PROD with NOTICES