47276 Federal Register / Vol. 82, No. 195 / Wednesday, October 11, 2017 / Notices 

11 15 U.S.C. 78s(b)(3)(A). 

12 17 CFR 240.19b–4(f)(2). 13 17 CFR 200.30–3(a)(12). 

that file or submit communications to 

the Department for review. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

FINRA 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. The 

proposed rule change would not impose 

any additional reporting requirements 

or costs on firms. Members will not be 

obligated to submit communications in 

native format and therefore may choose 

to continue to file or submit 

communications as they do today, with 

the same attendant charges. 

To the extent that the conversion of 

Web site or Web page communications 

from native format to another format 

were viewed as burdensome among 

market participants, those participants 

will have the option to submit such 

communications in native format, 

which would permit members to 

mitigate any direct or indirect costs 

associated with such conversion. 

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 

The foregoing rule change has become 

effective pursuant to Section 19(b)(3)(A) 

of the Act 11 and paragraph (f)(2) of Rule 

19b–4 thereunder.12 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– 

FINRA–2017–030 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–FINRA–2017–030. 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 FINRA. 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–FINRA– 

2017–030, and should be submitted on 

or before November 1, 2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

Robert W. Errett, 

Deputy Secretary. 

[FR Doc. 2017–21846 Filed 10–10–17; 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: 

Rule 18f–3, SEC File No. 270–385, OMB 

Control No. 3235–0441 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.) (‘‘Paperwork 

Reduction Act’’), 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 (‘‘OMB’’) for 

extension and approval. 

Rule 18f–3 (17 CFR 270.18f–3) under 

the Investment Company Act of 1940 

(15 U.S.C. 80a–1 et seq.) exempts from 

section 18(f)(1) a fund that issues 

multiple classes of shares representing 

interests in the same portfolio of 

securities (a ‘‘multiple class fund’’) if 

the fund satisfies the conditions of the 

rule. In general, each class must differ 

in its arrangement for shareholder 

services or distribution or both, and 

must pay the related expenses of that 

different arrangement. The rule includes 

one requirement for the collection of 

information. A multiple class fund must 

prepare, and fund directors must 

approve, a written plan setting forth the 

separate arrangement and expense 

allocation of each class, and any related 

conversion features or exchange 

privileges (‘‘rule 18f–3 plan’’). Approval 

of the plan must occur before the fund 

issues any shares of multiple classes 

and whenever the fund materially 

amends the plan. In approving the plan, 

the fund board, including a majority of 

the independent directors, must 

determine that the plan is in the best 

interests of each class and the fund as 

a whole. 

The requirement that the fund prepare 

and directors approve a written rule 

18f–3 plan is intended to ensure that the 

fund compiles information relevant to 

the fairness of the separate arrangement 

and expense allocation for each class, 

and that directors review and approve 

the information. Without a blueprint 

that highlights material differences 

among classes, directors might not 

perceive potential conflicts of interests 

when they determine whether the plan 

is in the best interests of each class and 


asabaliauskas on DSKBBXCHB2PROD with NOTICES
Federal Register / Vol. 82, No. 195 / Wednesday, October 11, 2017 / Notices 47277 

1The Commission estimates that each registrant 

prepares and approves a rule 18f–3 plan every two 

years when issuing a new fund or new class or 

amending a plan (or that 522.5 of all 1,045 

registrants prepare and approve a plan each year). 

2 0.5 responses per registrant × 6 hours per 

response = 3 hours per registrant. 

3 3 hours per registrant per year × 1,045 

registrants = 3,135 hours per year. 

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

2 17 CFR 240.19b–4. 

3Securities Exchange Act Release No. 34–81399 

(Aug. 15, 2017), 82 FR 39622 (Aug. 21, 2017) (SR– 

LCH SA–2017–007) (‘‘Notice’’). 

4 15 U.S.C. 78s(b)(2). 5 17 CFR 200.30–3(a)(12). 

the fund. In addition, the plan may be 

useful to Commission staff in reviewing 

the fund’s compliance with the rule. 

Based on an analysis of fund filings, 

the Commission estimates that there are 

approximately 7,743 multiple class 

funds offered by 1,045 registrants. The 

Commission estimates that each of the 

1,045 registrants will make an average of 

0.5 responses annually to prepare and 

approve a written 18f–3 plan.1 The 

Commission estimates each response 

will take 6 hours, requiring a total of 3 

hours per registrant per year.2 Thus the 

total annual hour burden associated 

with these requirements of the rule is 

approximately 3,135 hours.3

Estimates of average burden hours are 

made solely for the purposes of the 

Paperwork Reduction Act and are not 

derived from a comprehensive or even 

a representative survey or study of the 

costs of Commission rules and forms. 

The collection of information under rule 

18f–3 is mandatory. The information 

provided under rule 18f–3 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 unless it displays a 

currently valid OMB control number. 

Written comments are invited on: (a) 

Whether the collections of information 

are necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information has practical utility; (b) the 

accuracy of the Commission’s estimate 

of the burdens of the collections of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burdens of the collections 

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: October 4, 2017. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–21911 Filed 10–10–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81818; File No. SR–LCH 

SA–2017–007] 

Self-Regulatory Organizations; LCH 

SA; Notice of Designation of Longer 

Period for Commission Action on 

Proposed Rule Change Relating to 

Options on Index Credit Default Swaps 

October 4, 2017. 

On August 1, 2017, Banque Central de 

Compensation, which conducts 

business under the name LCH SA (‘‘LCH 

SA’’), 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 (SR–LCH SA– 

2017–007) to amend LCH SA’s CDS 

Margin Framework and CDSClear 

Default Fund Methodology to 

incorporate terms and conforming 

changes, and to provide for risk 

management policies related to options 

on index credit default swaps in order 

to permit LCH SA to clear such options. 

The proposed rule change was 

published for comment in the Federal 

Register on August 21, 2017.3 The 

Commission received no comments 

regarding the proposed changes. 

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

that within 45 days of the publication of 

the notice of the filing or a proposed 

rule change, or within such longer 

period up to 90 days as the Commission 

may designate if it finds such longer 

period to be appropriate and publishes 

its reasons for so finding, or as to which 

the self-regulatory organization 

consents, the Commission shall either 

approve the proposed rule change, 

disapprove the proposed rule change, or 

institute proceedings to determine 

whether the proposed rule change 

should be disapproved.4 The 45th day 

from the publication of the Notice is 

October 5, 2017. 

The Commission is extending the 45- 

day time period for Commission action 

on the proposed rule change. As noted 

above, LCH SA proposed to amend its 

CDS Margin Framework and CDSClear 

Default Fund Methodology in order to 

permit it to clear options on index credit 

default swaps. The Commission finds 

that it is appropriate to designate a 

longer period within which to take 

action on the proposed rule change so 

that it has sufficient time to consider 

LCH SA’s proposed rule change and the 

risks associated therewith. 

Accordingly, the Commission, 

pursuant to Section 19(b)(2) of the Act, 

extends the period by which the 

Commission shall either approve or 

disapprove, or institute proceedings to 

determine whether to disapprove, the 

proposed rule change (File No. SR–LCH 

SA–2017–007) to no later than 

November 19, 2017. 

For the Commission by the Division of 

Trading and Markets, pursuant to delegated 

authority.5

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–21815 Filed 10–10–17; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Women-Owned Small Business 

Federal Contract Program NAICS Code 

Updates 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice of Updated NAICS Codes 

for Use in the Women-Owned Small 

Business Federal Contract Program. 

SUMMARY: The U.S. Small Business 

Administration (SBA) is updating the 

North American Industry Classification 

System (NAICS) codes authorized for 

use in the Women-Owned Small 

Business (WOSB) Federal Contract 

Program (WOSB Program). The update 

is being made to reflect the U.S. Office 

of Management and Budget’s (OMB) 

NAICS revision for 2017, identified as 

NAICS 2017. NAICS 2017 created 21 

new industries by reclassifying, 

combining, or splitting 29 NAICS 2012 

industry codes. These changes would 

impact eight (8) of the 2012 NAICS 

codes designated for use under the 

WOSB Program. 

DATES: The designations of industries 

contained in this notice apply to all 

solicitations issued on or after October 

1, 2017. 

FOR FURTHER INFORMATION CONTACT: 

Amy Kim, Office of Government 

Contracting, 409 3rd Street SW., 

Washington, DC 20416, wosb@sba.gov. 

SUPPLEMENTARY INFORMATION: 


asabaliauskas on DSKBBXCHB2PROD with NOTICES