42180 Federal Register / Vol. 82, No. 171 / Wednesday, September 6, 2017 / Notices 

150 17 CFR 200.30–3(a)(12); 17 CFR 200.30– 

3(a)(57). 

1 15 U.S.C. 80a–53(a). 

2 15 U.S.C. 80a–53(c). 

that retirement could not be permitted 

to occur until it is confirmed that (1) 

there are no material issues in CAT that 

have not been corrected, (2) the CAT 

includes all data necessary to allow the 

SROs to continue to meet their 

surveillance obligations, and (3) the 

Plan Processor is sufficiently meeting all 

of its obligations under the CAT NMS 

Plan? Why or why not? What are the 

costs and benefits of the proposed 

approach versus an alternative 

approach, which may include not 

having any additional qualitative 

considerations? 

14. To what extent should the SROs 

consider CAT performance regarding 

functions and data elements not present 

within existing audit trail systems when 

determining when to allow retirement of 

those existing systems? What are the 

costs and benefits of the proposed 

approach versus any alternative 

approach that you would recommend? 

Do you believe that the Systems 

Retirement Proposals will promote 

efficiency, competition, and capital 

formation? Please submit any data or 

information that would assist the 

Commission in considering these issues. 

15. Do you agree with the length of 

the assessment period proposed by the 

SROs? Why or why not? If not, what 

alternative do you believe would be 

more appropriate and why? What are 

the costs and benefits of the proposed 

approach versus any alternative 

approach that you would recommend? 

To the extent possible, please provide 

specific data, analyses, or studies for 

support. 

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 any of File 

Numbers SR–BatsBZX–2017–37, SR– 

BatsEDGX–2017–23, SR–BOX–2017–17, 

SR–BX–2017–027, SR–C2–2017–018, 

SR–CBOE–2017–041, SR–FINRA–2017– 

013, SR–IEX–2017–18, SR–ISE–2017– 

46, SR–MIAX–2017–20, SR–NASDAQ– 

2017–055, SR–PEARL–2017–23, SR– 

NYSE–2017–23, SR–NYSEArca–2017– 

57, SR–NYSEArca–2017–59, SR– 

NYSEMKT–2017–29, SR–NYSEMKT– 

2017–30, or SR–Phlx–2017–43, as 

appropriate, 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 any 

of: File Numbers SR–BatsBZX–2017–37, 

SR–BatsEDGX–2017–23, SR–BOX– 

2017–17, SR–BX–2017–027, SR–C2– 

2017–018, SR–CBOE–2017–041, SR– 

FINRA–2017–013, SR–IEX–2017–18, 

SR–ISE–2017–46, SR–MIAX–2017–20, 

SR–NASDAQ–2017–055, SR–PEARL– 

2017–23, SR–NYSE–2017–23, SR– 

NYSEArca–2017–57, SR–NYSEArca– 

2017–59, SR–NYSEMKT–2017–29, SR– 

NYSEMKT–2017–30, or SR–Phlx–2017– 

43, as appropriate. The 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 the SRO. 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 any of 

File Numbers SR–BatsBZX–2017–37, 

SR–BatsEDGX–2017–23, SR–BOX– 

2017–17, SR–BX–2017–027, SR–C2– 

2017–018, SR–CBOE–2017–041, SR– 

FINRA–2017–013, SR–IEX–2017–18, 

SR–ISE–2017–46, SR–MIAX–2017–20, 

SR–NASDAQ–2017–055, SR–PEARL– 

2017–23, SR–NYSE–2017–23, SR– 

NYSEArca–2017–57, SR–NYSEArca– 

2017–59, SR–NYSEMKT–2017–29, SR– 

NYSEMKT–2017–30, or SR–Phlx–2017– 

43, as appropriate, and should be 

submitted by September 27, 2017. 

Rebuttal comments should be submitted 

by October 11, 2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.150

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–18793 Filed 9–5–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; 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: 

Form N–54C, SEC File No. 270–184, OMB 

Control No. 3235–0236. 

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 (the 

‘‘Commission’’) is soliciting comments 

on the collection of information 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

Certain investment companies can 

elect to be regulated as business 

development companies, as defined in 

section 2(a)(48) of the Investment 

Company Act of 1940 (‘‘Investment 

Company Act’’), under sections 55 

through 65 of the Investment Company 

Act. Under section 54(a) of the 

Investment Company Act,1 any 

company defined in section 2(a)(48)(A) 

and (B) of the Investment Company Act 

may, if it meets certain enumerated 

eligibility requirements, elect to be 

subject to the provisions of Sections 55 

through 65 of the Investment Company 

Act by filing with the Commission a 

notification of election. Under section 

54(c) of the Investment Company Act,2

any business development company 

may voluntarily withdraw its election 

under section 54(a) of the Investment 

Company Act by filing a notice of 

withdrawal of election with the 

Commission. The Commission has 

adopted Form N–54C as the form for the 

notification of withdrawal of election to 

be subject to Sections 55 through 65 of 

the Investment Company Act. The 

purpose of Form N–54C is to notify the 

Commission that the business 

development company withdraws its 

election to be subject to Sections 55 


asabaliauskas on DSKBBXCHB2PROD with NOTICES
Federal Register / Vol. 82, No. 171 / Wednesday, September 6, 2017 / Notices 42181 

3The industry burden is calculated by 

multiplying the total annual hour burden to prepare 

Form N–54C (four) by the estimated hourly wage 

rate of $345 for a compliance attorney or other 

similarly situated business development company 

employee. The estimated wage figure is based on 

published rates for compliance attorneys from the 

Securities Industry and Financial Markets 

Association’s Report on Management & Professional 

Earnings in the Securities Industry 2013, modified 

by Commission staff to account for an 1800 hour 

work-year and inflation, and multiplied by 5.35 to 

account for bonuses, firm size, employee benefits 

and overhead, yielding an effective hourly rate of 

$1,380. 

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

2 17 CFR 240.19b–4. 

through 65 of the Investment Company 

Act. 

The Commission estimates that on 

average approximately four business 

development companies file 

notifications on Form N–54C each year. 

Each of those business development 

companies need only make a single 

filing of Form N–54C. The Commission 

further estimates that this information 

collection imposes a burden of one 

hour, resulting in a total annual burden 

of four hours. Based on the estimated 

wage rate, the total cost to the business 

development company industry of the 

hour burden for complying with Form 

N–54C would be approximately $1,380.3

The collection of information under 

Form N–54C is mandatory. The 

information provided by the form is not 

kept confidential. An agency may not 

conduct or sponsor, and a person is not 

required to respond to, a collection of 

information unless it displays a 

currently valid OMB control number. 

Written comments are invited on: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology. Consideration will be given 

to comments and suggestions submitted 

in writing within 60 days of this 

publication. 

Please direct your written comments 

to Pamela Dyson, Director/Chief 

Information Officer, Securities and 

Exchange Commission, C/O Remi 

Pavlik-Simon, 100 F Street NE., 

Washington, DC 20549; or send an email 

to: PRA_Mailbox@sec.gov. 

Dated: August 31, 2017. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–18860 Filed 9–5–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81497; File No. SR– 

BatsBZX–2017–55] 

Self-Regulatory Organizations; Bats 

BZX Exchange, Inc.; Notice of Filing of 

a Proposed Rule Change, as Modified 

by Amendment No. 1, To Harmonize 

the Corporate Governance Framework 

With That of Chicago Board Options 

Exchange, Incorporated and C2 

Options Exchange Incorporated 

August 30, 2017. 

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

Securities Exchange Act of 1934 (the 

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

notice is hereby given that on August 

23, 2017, Bats BZX Exchange, Inc. 

(‘‘Exchange’’ or ‘‘BZX’’) 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. On August 25, 2017, 

the Exchange filed Amendment No. 1 to 

the proposed rule change. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change, as modified by Amendment No. 

1, from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange filed a proposal to 

amend and restate its certificate of 

incorporation and bylaws, as well as 

amend its Rules. 

The text of the proposed rule change 

is available at the Exchange’s Web site 

at www.bats.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 parts of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

BZX submits this rule filing to the 

Securities and Exchange Commission 

(the ‘‘Commission’’) in connection with 

a corporate transaction (the 

‘‘Transaction’’) involving, among other 

things, the recent acquisition of BZX, 

along with Bats BYX Exchange, Inc. 

(‘‘Bats BYX’’), Bats EDGX Exchange, Inc. 

(‘‘Bats EDGX’’), and Bats EDGA 

Exchange, Inc. (‘‘Bats EDGA’’ and, 

together with Bats BZX, Bats BYX, and 

Bats EDGX, the ‘‘Bats Exchanges’’) by 

CBOE Holdings, Inc. (‘‘CBOE 

Holdings’’). CBOE Holdings is also the 

parent of Chicago Board Options 

Exchange, Incorporated (‘‘CBOE’’) and 

C2 Options Exchange, Incorporated 

(‘‘C2’’). This filing proposes to amend 

and restate the bylaws (and amend the 

rules, accordingly) and the certificate of 

incorporation of the Exchange based on 

the bylaws and certificates of 

incorporation of CBOE and C2. 

Specifically, the Exchange proposes to 

replace the certificate of incorporation 

of Bats BZX Exchange, Inc., (the 

‘‘current Certificate’’) in its entirety with 

the Amended and Restated Certificate of 

Incorporation of Bats BZX Exchange, 

Inc. (the ‘‘proposed Certificate’’). 

Additionally, the Exchange proposes to 

replace the Fifth Amended and Restated 

Bylaws of Bats BZX Exchange, Inc. (the 

‘‘current Bylaws’’) in its entirety with 

the Sixth Amended and Restated 

Bylaws of Bats BZX Exchange, Inc. (the 

‘‘proposed Bylaws’’). The Exchange 

believes that it is important for each of 

CBOE Holdings’ six U.S. securities 

exchanges to have a consistent, uniform 

approach to corporate governance. 

Therefore, to simplify and unify the 

governance and corporate practices of 

these six exchanges, the Exchange 

proposes to revise the current Certificate 

and current Bylaws to conform them to 

the certificates of incorporation and 

bylaws of the CBOE and C2 exchanges 

(i.e., the Third Amended and Restated 

Certificate of Incorporation of Chicago 

Board Options Exchange, Incorporated 

and the Fourth Amended and Restated 

Certificate of C2 Options Exchange, 

Incorporated (collectively referred to 

herein as the ‘‘CBOE Certificate’’) and 

the Eighth Amended and Restated 

Bylaws of Chicago Board Options 

Exchange, Incorporated and the Eighth 

Amended and Restated Bylaws of C2 


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