Federal Register / Vol. 82, No. 178 / Friday, September 15, 2017 / Notices 43429 

36 17 CFR 200.30–3(a)(12). 

upper threshold for the life of the order 

and whereby the order will be cancelled 

at any point if it exceeds $101.00 or falls 

below $99.00, the established 

thresholds. With certain exceptions, 

each order also must contain the 

applicable order attributes, including 

routing instructions and time-in-force 

information, as described in Nasdaq 

Rule 4703. 

The proposed rule change is designed 

to perfect the mechanism of a free and 

open market and, in general, to protect 

investors and the public interest in that 

it will facilitate the listing and trading 

of the Fund, which seeks to provide 

investors with access to an actively 

managed investment strategy in a 

structure that offers the cost and tax 

efficiencies and shareholder protections 

of ETFs, while removing the 

requirement for daily portfolio holdings 

disclosure to ensure a tight relationship 

between market trading prices and 

NAV. 

For the above reasons, Nasdaq 

believes the proposed rule change is 

consistent with the requirements of 

Section 6(b)(5) of the Act. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will result in 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. In fact, the 

Exchange believes that the introduction 

of the Fund would promote competition 

by making available to investors an 

actively managed investment strategy in 

a structure that offers the cost and tax 

efficiencies and shareholder protections 

of ETFs, while removing the 

requirement for daily portfolio holdings 

disclosure to ensure a tight relationship 

between market trading prices and 

NAV. Moreover, the Exchange believes 

that the proposed method of Share 

trading would provide investors with 

transparency of trading costs, and the 

ability to control trading costs using 

limit orders, that is not available for 

conventionally traded ETFs. 

These developments could 

significantly enhance competition to the 

benefit of the markets and investors. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

Written comments were neither 

solicited nor received. 

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– 

NASDAQ–2017–090 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–NASDAQ–2017–090. 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 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; 

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– 

NASDAQ–2017–090 and should be 

submitted on or before October 6, 2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.36

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–19583 Filed 9–14–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–035, OMB Control No. 

3235–0029] 

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: 

Rule 17f–2(c) 

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’’) is soliciting comments 

on the existing collection of information 

provided for in Rule 17f–2(c) (17 CFR 

240.17f–2(c)), under the Securities 

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

seq.). The Commission plans to submit 

this existing collection of information to 

the Office of Management and Budget 

(‘‘OMB’’) for extension and approval. 

Rule 17f–2(c) allows persons required 

to be fingerprinted pursuant to Section 

17(f)(2) of the Act to submit their 

fingerprints to the Attorney General of 

the United States or its designee (i.e., 

the Federal Bureau of Investigation 

(‘‘FBI’’)) through a registered national 

securities exchange or a registered 

national securities association 

(collectively, also known as ‘‘selfregulatory organizations’’ or ‘‘SROs’’) 

pursuant to a fingerprint plan filed with, 

and declared effective by, the 

Commission. Fingerprint plans have 

been declared effective for the 

American, Boston, Chicago, New York, 

and Philadelphia stock exchanges and 

for the Financial Industry Regulatory 

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43430 Federal Register / Vol. 82, No. 178 / Friday, September 15, 2017 / Notices 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4The Exchange originally filed to amend the Fee 

Schedule on August 18, 2017 (SR–NYSEArca– 

2017–91) and withdrew such filing on August 29, 

2017. 

5Port fees are not applicable to ports used for the 

Exchange’s Risk Management Gateway service. 

Further, no fee applies to ports in the backup 

datacenter that are not utilized during the relevant 

month. No fee applies to ports in the backup 

datacenter that are utilized when the primary 

datacenter is unavailable. However, if a port in the 

backup datacenter is utilized when the primary 

datacenter is available, then the fee shall apply. 

6No fee applies to ports in the backup datacenter 

if configured such that it is duplicative of another 

drop copy port of the same user. Only one fee per 

drop copy port applies, even if the port receives 

drop copies from multiple order/quote entry ports 

and/or drop copies for activity on both NYSE Arca 

Equities and NYSE Arca Options. 

Authority (‘‘FINRA’’) and the Chicago 

Board Options Exchange. Currently, 

FINRA accounts for the bulk of the 

fingerprint submissions. 

It is estimated that 4,200 respondents 

submit approximately 285,600 sets of 

fingerprints (consisting of 

approximately 243,600 electronic sets 

and 42,000 hard copy sets) to SROs on 

an annual basis. The Commission 

estimates that it would take 

approximately 15 minutes to create and 

submit each fingerprint card. The total 

reporting burden is therefore estimated 

to be approximately 71,400 hours, or 

approximately 15 hours per respondent, 

annually. 

In addition, the SROs charge an 

estimated $25.00 fee for processing 

fingerprint cards submitted 

electronically, resulting in a total annual 

cost to all 4,200 respondents of 

$6,090,000, or $1,450 per respondent 

per year. The SROs charge an estimated 

$40.00 fee for processing fingerprint 

cards submitted in hard copy, resulting 

in a total annual cost to all 4,200 

respondents of approximately 

$1,680,000, or $400 per respondent per 

year. The combined annual cost to all 

respondents is thus $7,770,000. 

Because the FBI will not accept 

fingerprint cards directly from 

submitting organizations, Commission 

approval of fingerprint plans from 

certain SROs is essential to carry out the 

Congressional goal to fingerprint 

securities industry personnel. Filing 

these plans for review assures users and 

their personnel that fingerprint cards 

will be handled responsibly and with 

due care for confidentiality. 

Written comments are invited on: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

(b) the accuracy of the Commission’s 

estimates of the burden of the proposed 

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. 

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. 

Please direct your written comments 

to: Pamela Dyson, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Remi PavlikSimon, 100 F Street NE., Washington, 

DC 20549, or send an email to: PRA_

Mailbox@sec.gov. 

Dated: September 12, 2017. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–19678 Filed 9–14–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81573; File No. SR– 

NYSEARCA–2017–97] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend the NYSE Arca 

Equities Fees and Charges 

September 11, 2017. 

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 August 

29, 2017, NYSE Arca, Inc. (the 

‘‘Exchange’’ or ‘‘NYSE Arca’’) 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 the 

NYSE Arca Equities Fees and Charges 

(the ‘‘Fee Schedule’’) to adopt a cap, for 

August and September 2017, on 

monthly fees for the use of ports 

connecting to NYSE Arca that are added 

after August 18, 2017. The Exchange 

proposes to implement the changes on 

August 29, 2017.4 The proposed rule 

change is available on the Exchange’s 

Web site 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 

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 

In connection with the introduction of 

new gateways on August 21, 2017, the 

Exchange proposes to amend its Fee 

Schedule to adopt a cap, for August and 

September 2017, on monthly fees for the 

use of ports connecting to NYSE Arca 

that are added after August 18, 2017. 

The Exchange currently makes ports 

available that provide connectivity to 

the Exchange’s trading systems (i.e., 

ports for the entry of orders and/or 

quotes (‘‘order/quote entry ports’’)) and 

charges $550 per port per month.5 The 

Exchange also currently makes ports 

available for drop copies and charges 

$550 per port per month.6

In order to facilitate an ETP Holder’s 

transition to the Exchange’s new 

gateways on August 21, 2017, the 

Exchange proposes to add to its Fee 

Schedule that, for the billing months of 

August and September 2017, the total 

charge per firm for order/quote entry 

ports and drop copy ports will be 

capped at the total number of such ports 

that the firm has activated at the start of 

trading on August 18, 2017, the last 

trading day prior to the introduction of 

the new gateways. This cap would have 

the effect of waiving the port fees, for 

August and September 2017, of any 

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