48542 Federal Register / Vol. 82, No. 200 / Wednesday, October 18, 2017 / Notices 

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

2 17 CFR 240.19b–4. 

States Postal Service to Add Priority 

Mail Express Contract 51 to Competitive 

Product List. Documents are available at 

www.prc.gov, Docket Nos. MC2018–10, 

CP2018–17. 

Elizabeth A. Reed, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2017–22585 Filed 10–17–17; 8:45 am] 

BILLING CODE 7710–12–P 

POSTAL SERVICE 

Product Change—Priority Mail and 

First-Class Package Service 

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: Date of notice required under 39 

U.S.C. 3642(d)(1): October 18, 2017. 

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 October 13, 

2017, it filed with the Postal Regulatory 

Commission a Request of the United 

States Postal Service to Add Priority 

Mail & First-Class Package Service 

Contract 59 to Competitive Product List. 

Documents are available at 

www.prc.gov, Docket Nos. MC2018–11, 

CP2018–18. 

Elizabeth A. Reed, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2017–22586 Filed 10–17–17; 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: Date of notice required under 39 

U.S.C. 3642(d)(1): October 18, 2017. 

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 October 13, 

2017, it filed with the Postal Regulatory 

Commission a Request of the United 

States Postal Service to Add Priority 

Mail Contract 370 to Competitive 

Product List. Documents are available at 

www.prc.gov, Docket Nos. MC2018–9, 

CP2018–16. 

Elizabeth A. Reed, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2017–22584 Filed 10–17–17; 8:45 am] 

BILLING CODE 7710–12–P 

POSTAL SERVICE 

Product Change—Priority Mail and 

First-Class Package Service 

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: Date of notice required under 39 

U.S.C. 3642(d)(1): October 18, 2017. 

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 October 13, 

2017, it filed with the Postal Regulatory 

Commission a Request of the United 

States Postal Service to Add Priority 

Mail & First-Class Package Service 

Contract 60 to Competitive Product List. 

Documents are available at 

www.prc.gov, Docket Nos. MC2018–12, 

CP2018–19. 

Elizabeth A. Reed, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2017–22587 Filed 10–17–17; 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: Date of notice required under 39 

U.S.C. 3642(d)(1): October 18, 2017. 

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 October 13, 

2017, it filed with the Postal Regulatory 

Commission a Request of the United 

States Postal Service to Add Priority 

Mail Contract 369 to Competitive 

Product List. Documents are available at 

www.prc.gov, Docket Nos. MC2018–8, 

CP2018–15. 

Elizabeth A. Reed, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2017–22583 Filed 10–17–17; 8:45 am] 

BILLING CODE 7710–12–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81863; File No. SR–ISE– 

2017–86] 

Self-Regulatory Organizations; Nasdaq 

ISE, LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend Rule 723 and 

Rule 1614 

October 12, 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 October 

2, 2017, Nasdaq ISE, LLC (‘‘ISE’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’) the proposed rule 

change as described in Items I and II 

below, which Items have been prepared 

by the Exchange. 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 

Rule 723 (Price Improvement 

Mechanism for Crossing Transactions) 

and Rule 1614 (Imposition of Fines for 

Minor Rule Violations) to remove 

obsolete rule text. 

The text of the proposed rule change 

is available on the Exchange’s Web site 

at www.ise.com, at the principal office 

of the Exchange, and at the 

Commission’s Public Reference Room. 


ethrower on DSK3G9T082PROD with NOTICES
Federal Register / Vol. 82, No. 200 / Wednesday, October 18, 2017 / Notices 48543 

3See Securities Exchange Act Release No. 50819 

(December 8, 2004), 69 FR 75093 (December 15, 

2004) (SR–ISE–2003–06). 

4See Securities Exchange Act Release No. 79530 

(December 12, 2016), 81 FR 91221 (December 16, 

2017) (SR–ISE–2016–29). The Exchange notes that, 

on April 3, 2017, International Securities Exchange, 

LLC was re-named Nasdaq ISE, LLC to reflect its 

new placement within the Nasdaq, Inc. corporate 

structure in connection with the March 9, 2016 

acquisition by Nasdaq of the capital stock of U.S. 

Exchange Holdings, and the indirect acquisition all 

of the interests of the International Securities 

Exchange, LLC, ISE Gemini, LLC and ISE Mercury, 

LLC. See Securities Exchange Act Release No. 

80325 (March 29, 2017), 82 FR 16445 (April 4, 

2017) (SR–ISE–2017–25). ISE Gemini, LLC and ISE 

Mercury, LLC were also renamed Nasdaq GEMX, 

LLC (‘‘GEMX’’) and Nasdaq MRX, LLC (‘‘MRX’’), 

respectively. See Securities Exchange Act Release 

No. 80248 (March 15, 2017), 82 FR 14547 (March 

21, 2017) (SR–ISEGemini–2017–13); Securities 

Exchange Act Release No. 80326 (March 29, 2017), 

82 FR 16460 (April 4, 2017) (SR–ISEMercury–2017– 

05). 

5See Securities Exchange Act Release No. 79829 

(January 18, 2017), 82 FR 8469 (January 25, 2017) 

(SR–ISE–2016–29). 

6While ISE anticipated that the migration of ISE 

symbols to the Nasdaq INET platform would be 

complete by July 15, 2017, and its member conduct 

standard could be eliminated accordingly by that 

time, ISE Mercury, LLC (now Nasdaq MRX, LLC) 

also filed a rule change that adopted a similar 

member conduct standard for its price improvement 

rule, and that referenced proposed ISE Rule 

1614(d)(4) as the means for enforcing its member 

conduct standard. See Securities Exchange Act 

Release No. 79841 (January 18, 2017), 82 FR 8452 

(January 25, 2017) (order approving SR– 

ISEMercury–2016–25). The Nasdaq MRX replatforming was scheduled to occur after the ISE replatforming was complete. Accordingly, ISE 

proposed that the date for eliminating Rule 

1614(d)(4) shall be specified by the Exchange in a 

Regulatory Information Circular, which date shall 

be no later than until September 15, 2017. 

7See Data Technical News #2017–14 (May 25, 

2017). 

8See Securities Exchange Act Release No. 81212 

(July 26, 2017), 82 FR 35864 (August 1, 2017) (SR– 

ISE–2017–75). 

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 aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to amend 

Rule 723 (Price Improvement 

Mechanism for Crossing Transactions) 

and Rule 1614 (Imposition of Fines for 

Minor Rule Violations) to remove 

obsolete rule text. 

Rule 723 sets forth the requirements 

for the PIM, which was adopted in 2004 

as a price-improvement mechanism on 

the Exchange.3 Certain aspects of PIM 

were adopted on a pilot basis (‘‘Pilot’’); 

specifically, the termination of the 

exposure period by unrelated orders, 

and no minimum size requirement of 

orders eligible for PIM. The Pilot 

expired on January 18, 2017. 

On December 12, 2016, the Exchange 

filed with the Commission a proposed 

rule change to make the Pilot 

permanent, and also to change the 

requirements for providing price 

improvement for Agency Orders of less 

than 50 option contracts (other than 

auctions involving Complex Orders) 

where the National Best Bid and Offer 

(‘‘NBBO’’) is only $0.01 wide.4 The 

Commission approved this proposal on 

January 18, 2017.5

In modifying the requirements for 

price improvement for Agency Orders of 

less than 50 contracts, ISE proposed to 

amend Rule 723(b) to require Electronic 

Access Members to provide at least 

$0.01 price improvement for an Agency 

Order if that order is for less than 50 

contracts and if the difference between 

the NBBO is $0.01. 

ISE adopted a member conduct 

standard to implement this requirement 

during the time pursuant to which ISE 

symbols were migrating from the ISE 

platform to the Nasdaq INET platform. 

At the time it proposed the member 

conduct standard, ISE anticipated that 

the migration to the Nasdaq platform 

would be complete on or before July 15, 

2017. Accordingly, Rule 723(b) stated 

that, for the period beginning January 

19, 2017 until a date specified by the 

Exchange in a Regulatory Information 

Circular, which date shall be no later 

than July 15, 2017, if the Agency Order 

is for less than 50 option contracts, and 

if the difference between the NBBO is 

$0.01, an Electronic Access Member 

shall not enter a Crossing Transaction 

unless such Crossing Transaction is 

entered at a price that is one minimum 

price improvement increment better 

than the NBBO on the opposite side of 

the market from the Agency Order, and 

better than any limit order on the limit 

order book on the same side of the 

market as the Agency Order. This 

requirement applied regardless of 

whether the Agency Order is for the 

account of a public customer, or where 

the Agency Order is for the account of 

a broker dealer or any other person or 

entity that is not a Public Customer. 

To enforce this requirement, ISE also 

amended Rule 1614 (Imposition of Fines 

for Minor Rule Violations). Specifically, 

ISE added Rule 1614(d)(4), which 

provides that any Member who enters 

an order into PIM for less than 50 

contracts, while the National Best Bid or 

Offer spread is $0.01, must provide 

price improvement of at least one 

minimum price improvement increment 

better than the NBBO on the opposite 

side of the market from the Agency 

Order, which increment may not be 

smaller than $0.01. Failure to provide 

such price improvement will result in 

members being subject to the following 

fines: $500 for the second offense, 

$1,000 for the third offense, and $2,500 

for the fourth offense. Subsequent 

offenses will subject the member to 

formal disciplinary action. The 

Exchange will review violations on a 

monthly cycle to assess these violations. 

This provision was to be in effect for the 

period beginning January 19, 2017 until 

a date specified by the Exchange in a 

Regulatory Information Circular, which 

date shall be no later than until 

September 15, 2017.6

In adopting the price improvement 

requirement for Agency Orders of less 

than 50 contracts, the Exchange also 

proposed to amend Rule 723(b) to adopt 

a systems-based mechanism to 

implement this requirement, which 

shall be effective following the 

migration of a symbol to the Nasdaq 

INET platform. Under this provision, if 

the Agency Order is for less than 50 

option contracts, and if the difference 

between the NBBO is $0.01, the 

Crossing Transaction must be entered at 

one minimum price improvement 

increment better than the NBBO on the 

opposite side of the market from the 

Agency Order and better than the limit 

order or quote on the ISE order book on 

the same side of the Agency Order. 

Subsequent to the approval of the rule 

change adopting the price improvement 

requirement and the member conduct 

standard, the Exchange determined that 

the migration of symbols to the Nasdaq 

INET platform would be complete on or 

before July 31, 2017.7 This new 

migration schedule was developed to 

enable the Exchange to conduct 

additional systems testing prior to 

symbol migration. Given the updated 

migration schedule, the Exchange 

proposed to extend the effective period 

of the member conduct standard 

accordingly until a date specific by the 

Exchange in a Regulatory Circular, 

which would be no later than August 

15, 2017.8


ethrower on DSK3G9T082PROD with NOTICES
48544 Federal Register / Vol. 82, No. 200 / Wednesday, October 18, 2017 / Notices 

9As of the date of filing, GEMX and MRX had 

also completed the process of migrating their 

symbols to the Nasdaq INET platform. 10 15 U.S.C. 78f(b). 11 15 U.S.C. 78f(b)(5). 

12See supra note 6. 

13 15 U.S.C. 78s(b)(3)(A). 

14 17 CFR 240.19b–4(f)(6). As required under Rule 

19b–4(f)(6)(iii), the Exchange provided the 

Commission with written notice of its intent to file 

the proposed rule change, along with a brief 

description and the text of the proposed rule 

change, at least five business days prior to the date 

of filing of the proposed rule change, or such 

shorter time as designated by the Commission. 

15 17 CFR 240.19b–4(f)(6). 

16 17 CFR 240.19b–4(f)(6)(iii). 

17For purposes only of waiving the 30-day 

operative delay, the Commission has also 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. See 

15 U.S.C. 78c(f). 

By August 15, 2017, ISE had 

completed the migration of symbols to 

the Nasdaq INET platform, and adopted 

the corresponding systems-based 

mechanism for enforcing the price 

improvement requirement where the 

Agency Order is for less than 50 option 

contracts, and if the difference between 

the NBBO is $0.01.9 Accordingly, ISE 

now proposes to delete the rule text in 

Rule 723 that implements the member 

conduct standard and the corresponding 

provision in Rule 1614 that imposes 

fines for violations of the member 

conduct standard. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act,10 in general, and furthers the 

objectives of Section 6(b)(5) of the Act,11

in particular, in that it is designed to 

promote just and equitable principles of 

trade, to remove impediments to and 

perfect the mechanism of a free and 

open market and a national market 

system, and, in general to protect 

investors and the public interest. The 

Exchange believes this proposal is 

consistent with the Act because it 

removes language that implements the 

member conduct standard where the 

Agency Order is for less than 50 option 

contracts, and if the difference between 

the NBBO is $0.01, and the 

corresponding provision in Rule 1614 

that imposes fines for violations of this 

member conduct standard. As noted 

above, these provisions have become 

obsolete, given the migration of all 

symbols on ISE, GEMX and MRX to the 

Nasdaq INET system and the 

corresponding adoption of the systemsbased mechanism on each exchange for 

enforcing this price improvement 

requirement. The Exchange also notes 

that the systems-based mechanism for 

enforcing this price improvement 

requirement was previously approved 

by the Commission.12

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition not 

necessary or appropriate in furtherance 

of the purposes of the Act, as the rule 

text to be removed has become obsolete 

with the migration of all symbols to the 

Nasdaq INET system and the 

corresponding adoption of the systemsbased mechanism for enforcing the price 

improvement requirement where the 

Agency Order is for less than 50 option 

contracts, and if the difference between 

the NBBO is $0.01. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were either 

solicited or received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the proposed rule change 

does not (i) significantly affect the 

protection of investors or the public 

interest; (ii) impose any significant 

burden on competition; and (iii) become 

operative for 30 days from the date on 

which it was filed, or such shorter time 

as the Commission may designate, it has 

become effective pursuant to Section 

19(b)(3)(A) of the Act 13 and Rule 19b– 

4(f)(6) thereunder.14

A proposed rule change filed 

pursuant to Rule 19b–4(f)(6) under the 

Act 15 normally does not become 

operative for 30 days after the date of its 

filing. However, Rule 19b–4(f)(6)(iii) 16

permits the Commission to designate a 

shorter time if such action is consistent 

with the protection of investors and the 

public interest. The Exchange has asked 

the Commission to waive the 30-day 

operative delay so that the proposed 

rule change may become operative upon 

filing. The Exchange states that waiver 

of the operative delay will allow the 

Exchange to remove the obsolete rule 

text immediately, minimizing potential 

investor confusion. The Commission 

believes the waiver of the operative 

delay is consistent with the protection 

of investors and the public interest. 

Accordingly, the Commission hereby 

waives the operative delay and 

designates the proposed rule change 

operative upon filing.17

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– 

ISE–2017–86 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Brent J. Fields, Secretary, Securities 

and Exchange Commission, 100 F Street 

NE., Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–ISE–2017–86. 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 such 

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–ISE– 


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Federal Register / Vol. 82, No. 200 / Wednesday, October 18, 2017 / Notices 48545 

18 17 CFR 200.30–3(a)(12). 

1 17 CFR 270.498(e)(1). 

2 0.5 hours per portfolio + 1 hour per portfolio = 

1.5 hours per portfolio. The Commission believes 

that funds that have opted to use the Summary 

Prospectus have already incurred the estimated 

one-time hour burden to initially comply with rule 

498, and therefore the estimated burden hours to 

initially comply with rule 498 and the associated 

costs are not included in these estimates. 

3 1.5 hours per portfolio × 10,532 portfolios = 

15,798 hours. 

4 $15,900 per portfolio × 9,082 portfolios = 

$144,403,800. 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(6). 

2017–86, and should be submitted on or 

before November 8, 2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.18

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–22538 Filed 10–17–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–574, OMB Control No. 

3235–0648] 

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 498 

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’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for extension of the 

previously approved collection of 

information discussed below. 

Rule 498 (17 CFR 230.498) under the 

Securities Act of 1933 (15 U.S.C. 77a et 

seq.) (‘‘Securities Act’’) permits openend management investment companies 

(‘‘funds’’) to satisfy their prospectus 

delivery obligations under the Securities 

Act by sending or giving key 

information directly to investors in the 

form of a summary prospectus 

(‘‘Summary Prospectus’’) and providing 

the statutory prospectus on a Web site. 

Upon an investor’s request, funds are 

also required to send the statutory 

prospectus to the investor. In addition, 

under rule 498, a fund that relies on the 

rule to meet its statutory prospectus 

delivery obligations must make 

available, free of charge, the fund’s 

current Summary Prospectus, statutory 

prospectus, statement of additional 

information, and most recent annual 

and semi-annual reports to shareholders 

at the Web site address specified in the 

required Summary Prospectus legend.1

A Summary Prospectus that complies 

with rule 498 is deemed to be a 

prospectus that is authorized under 

Section 10(b) of the Securities Act and 

Section 24(g) of the Investment 

Company Act of 1940 (15 U.S.C. 80a–1 

et seq.). 

The purpose of rule 498 is to enable 

a fund to provide investors with a 

Summary Prospectus containing key 

information necessary to evaluate an 

investment in the fund. Unlike many 

other federal information collections, 

which are primarily for the use and 

benefit of the collecting agency, this 

information collection is primarily for 

the use and benefit of investors. The 

information filed with the Commission 

also permits the verification of 

compliance with securities law 

requirements and assures the public 

availability and dissemination of the 

information. 

Based on an analysis of fund filings, 

the Commission estimates that 

approximately 10,532 portfolios are 

using a Summary Prospectus. The 

Commission estimates that the annual 

hourly burden per portfolio associated 

with the compilation of the information 

required on the cover page or the 

beginning of the Summary Prospectus is 

0.5 hours, and estimates that the annual 

hourly burden per portfolio to comply 

with the Web site posting requirement 

is approximately 1 hour, requiring a 

total of 1.5 hours per portfolio per year.2

Thus the total annual hour burden 

associated with these requirements of 

the rule is approximately 15,798.3 The 

Commission estimates that the annual 

cost burden is approximately $15,900 

per portfolio, for a total annual cost 

burden of approximately $167,458,800.4

Estimates of the 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. 

Under rule 498, use of the Summary 

Prospectus is voluntary, but the rule’s 

requirements regarding provision of the 

statutory prospectus upon investor 

request are mandatory for funds that 

elect to send or give a Summary 

Prospectus in reliance upon rule 498. 

The information provided under rule 

498 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. 

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, 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. Comments must be submitted to 

OMB within 30 days of this notice. 

October 12, 2017. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–22542 Filed 10–17–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81859; File No. SR– 

BatsEDGA–2017–26] 

Self-Regulatory Organizations; Bats 

EDGA Exchange, Inc.; Notice of Filing 

and Immediate Effectiveness of a 

Proposed Rule Change To Amend 

Certain Rules To Add New Optional 

Functionality to Orders With a 

Minimum Quantity Instruction 

October 12, 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 October 

5, 2017, Bats EDGA Exchange, Inc. 

(‘‘Exchange’’ or ‘‘EDGA’’) 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. The Exchange has 

designated this proposal as a ‘‘noncontroversial’’ proposed rule change 

pursuant to Section 19(b)(3)(A) of the 

Act 3 and Rule 19b–4(f)(6) thereunder,4

which renders it effective upon filing 

with the Commission. The Commission 

is publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 


ethrower on DSK3G9T082PROD with NOTICES