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Federal Register / Vol. 81, No. 133 / Tuesday, July 12, 2016 / Notices

information on those who are to
respond, including through the use of
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology.
Dated: July 7, 2016.
Suzanne H. Plimpton,
Reports Clearance Officer, National Science
Foundation.
[FR Doc. 2016–16440 Filed 7–11–16; 8:45 am]
BILLING CODE 7555–01–P

NATIONAL SCIENCE FOUNDATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request
National Science Foundation.
Submission for OMB review;
comment request.

AGENCY:

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ACTION:

The National Science Foundation
(NSF) has submitted the following
information collection requirement to
OMB for review and clearance under the
Paperwork Reduction Act of 1995,
Public Law 104–13. This is the second
notice for public comment; the first was
published in the Federal Register at 81
FR 20688 and four comments were
received. NSF is forwarding the
proposed renewal submission to the
Office of Management and Budget
(OMB) for clearance simultaneously
with the publication of this second
notice. The full submission may be
found at: http://www.reginfo.gov/public/
do/PRAMain.
Comments: Comments regarding (a)
whether the 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 burden including
the validity of the methodology and
assumptions used; (c) ways to enhance
the quality, utility and clarity of the
information to be collected; or (d) ways
to minimize the burden of the collection
of information on those who are to
respond, including through the use of
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology should be
addressed to: Office of Information and
Regulatory Affairs of OMB, Attention:
Desk Officer for National Science
Foundation, 725–17th Street NW., Room
10235, Washington, DC 20503, and to
Suzanne H. Plimpton, Reports Clearance
Officer, National Science Foundation,
4201 Wilson Boulevard, Suite 1265,
Arlington, Virginia 22230 or send email
to [email protected]. Comments

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regarding these information collections
are best assured of having their full
effect if received within 30 days of this
notification. Copies of the submission(s)
may be obtained by calling 703–292–
7556. Individuals who use a
telecommunications device for the deaf
(TDD) may call the Federal Information
Relay Service (FIRS) at 1–800–877–
8339, which is accessible 24 hours a
day, 7 days a week, 365 days a year
(including federal holidays).
NSF may not conduct or sponsor a
collection of information unless the
collection of information displays a
currently valid OMB control number
and the agency informs potential
persons who are to respond to the
collection of information that such
persons are not required to respond to
the collection of information unless it
displays a currently valid OMB control
number.
SUPPLEMENTARY INFORMATION:
Comments: As required by 5 CFR
1320.8(d), comments on the information
collection activities as part of this study
were solicited through publication of a
60-Day Notice in the Federal Register
on January 11, 2016, at 81 FR 20688.
Four comments were received, to which
we here respond. One comment came
from the Federation of American
Societies for Experimental Biology.
They expressed support for the survey,
stating that it is a unique data resource
that they often use in development of
their own reports and factsheets. They
wrote that the utility of the survey
would be enhanced if it were available
on a more frequent basis and if the data
were available more rapidly. NSF
understands that data users need more
timely data and thus we continually
look for procedural changes to reduce
the time required to collect and publish
the data. Our changes have resulted in
the survey data being published by
November each year, approximately 6
months following the close of the survey
and data follow up activities. Previously
the data were not published until the
spring of the following year, or one year
following the official close of the
survey. We plan to continue looking for
ways to improve the timeliness of the
survey data release, but we have no
plans to survey institutions more
frequently than annually at this time.
The second comment came from Jason
Owen-Smith, Executive Director,
Institute for Research on Innovation &
Science (IRIS) at the University of
Michigan. He expressed support for the
survey and asked NSF to consider
linking the administrative data
maintained by IRIS into the HERD
survey data to increase the survey data’s

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utility. NSF is very interested in the
administrative data maintained by IRIS
and was an active participant in the Star
Metrics project (predecessor of
UMetrics). We will contact Dr. OwenSmith to discuss the possibilities for
data linking in the coming year.
The third comment came from Marc
Kastner, President of the Science
Philanthropy Alliance. He expressed
support for the survey and requested
more data on the amount of funding
devoted to basic research versus applied
research. Currently the survey does
measure the split between basic
research, applied research and
experimental development by overall
federal and nonfederal totals. We have
no plans to expand the survey to obtain
this split by all sources of funding or
field due to the burden that would place
on universities in responding to the
survey.
A fourth comment came from the
Bureau of Economic Analysis (BEA).
They expressed general support for the
survey and requested a few additional
data elements to be considered for
future collection. NSF is in regular
contact with BEA about their data needs
and the feasibility of adding questions
to the HERD or FFRDC Surveys to
address these needs. As part of the
survey redesign, NSF added several
items requested by BEA to the
questionnaire, where the additional
detail posed no significant increase in
burden for the institutions. NSF will
continue to consider additional items in
future years while still prioritizing
respondent burden. There are no plans
to incorporate these data items on the
HERD or FFRDC Surveys for FY 2016.
Title of Collection: Higher Education
Research and Development Survey
OMB Approval Number: 3145–0100.
Expiration Date of Current Approval:
September 30, 2016.
Summary of Collection: The Higher
Education Research and Development
(R&D) Survey (formerly known as the
Survey of R&D Expenditures at
Universities and Colleges) originated in
fiscal year (FY) 1954 and has been
conducted annually since FY 1972. The
survey represents one facet of the higher
education component of the NSF’s
National Center for Science and
Engineering Statistics (NCSES)
statistical program authorized by the
America COMPETES Reauthorization
Act of 2010 § 505, codified in the
National Science Foundation Act of
1950 (NSF Act), as amended, at 42
U.S.C. 1862. Under paragraph ‘‘b’’,
NCSES is directed to ‘‘(1) collect,
acquire, analyze, report, and
disseminate statistical data related to
the science and engineering enterprise

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Federal Register / Vol. 81, No. 133 / Tuesday, July 12, 2016 / Notices
in the U.S. and other nations that is
relevant and useful to practitioners,
researchers, policymakers, and the
public, including statistical data on
(A) research and development trends;
(B) the science and engineering
workforce;
(C) U.S. competitiveness in science,
engineering, technology, and research
and development. . .’’
Use of the information: The proposed
project will continue the annual survey
cycle for three years. The Higher
Education R&D Survey will provide
continuity of statistics on R&D
expenditures by source of funding, type
of R&D (basic research, applied
research, or development), and field of
R&D, with separate data requested on
research equipment by field. Further
breakdowns are collected on funds
passed through to subrecipients and
funds received as a subrecipient, and on
R&D expenditures by field from specific
federal agency sources. As of FY 2010,
the survey also requests total R&D
expenditures funded from foreign
sources, R&D within an institution’s
medical school, clinical trial
expenditures, R&D by type of funding
mechanism (contracts vs. grants), and
R&D by cost category (salaries,
equipment, software, etc.). The survey
also requests headcounts of principal
investigators and other personnel paid
from R&D funds.
Data are published in NSF’s annual
publication series Higher Education
Research and Development, available on
the web at http://www.nsf.gov/statistics/
srvyherd/.
Expected respondents: The FY 2016
Higher Education R&D Survey will be
administered to approximately 700
institutions. In addition, a shorter
version of the survey asking for R&D
expenditures by source of funding and
broad field will be sent to
approximately 300 institutions spending
under $1 million on R&D in their
previous fiscal year. We also expect
approximately 150 institutions to
respond to the population screener form
sent to determine eligibility for the
survey. Finally, a survey requesting R&D
expenditures by source of funds, cost
categories, and type of R&D will be
administered to the 42 Federally
Funded Research and Development
Centers.
Estimate of burden: The survey is a
fully automated web data collection
effort and is handled primarily by
administrators in university sponsored
programs and accounting offices. To
minimize burden, institutions are
provided with an abundance of
guidance and resources on the web, and
are able to respond via downloadable

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spreadsheet if desired. Each institution’s
record is pre-loaded with the 2 previous
years of comparable data that facilitate
editing and trend checking. Response to
this voluntary survey has exceeded 95
percent each year.
The average burden estimate is 1 hour
for the approximately 150 institutions
responding to the population screener
form, 55 hours for the approximately
700 institutions reporting over $1
million in R&D expenditures on the
standard form, 8 hours for the
approximately 300 institutions reporting
less than $1 million on the short form,
and 12 hours for the 42 organizations
completing the FFRDC survey. The total
calculated burden across all forms is
40,812 hours.
Dated: July 6, 2016.
Suzanne H. Plimpton,
Reports Clearance Officer, National Science
Foundation.
[FR Doc. 2016–16421 Filed 7–11–16; 8:45 am]
BILLING CODE 7555–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–78236; File No. SR–
BatsBZX–2016–26]

Self-Regulatory Organizations; Bats
BZX Exchange, Inc.; Notice of Filing of
Proposed Rule Change to BZX Rule
14.11(d) To Add the EURO STOXX 50®
Volatility Futures to the Definition of
Futures Reference Asset
July 6, 2016.

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 June 23,
2016, Bats BZX Exchange, Inc. (the
‘‘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. 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 the Substance
of the Proposed Rule Change
The Exchange filed a proposal to
amend Rule 14.11(d) in order to add the
EURO STOXX 50® Volatility
(VSTOXX®) Futures (‘‘VSTOXX
Futures’’) to the definition of Futures
Reference Asset.

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1 15
2 17

U.S.C. 78s(b)(1).
CFR 240.19b–4.

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The text of the proposed rule change
is available at the Exchange’s Web site
at www.batstrading.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
The Commission has approved the
listing of debt securities known as
Linked Securities 3 and, in particular,
Futures-Linked Securities, which are
Linked Securities with a payment at
maturity based on the performance of a
Futures Reference Asset,4 including
listing pursuant to Rule 19b–4(e) under
Rule 14.11(d)(2).5 Rule 19b–4(e) 6 under
the Act provides that the listing and
trading of a new derivative securities
product by a self-regulatory organization
(‘‘SRO’’) shall not be deemed a proposed
rule change, pursuant to section (c)(1) of
Rule 19b–4,7 if the Commission has
3 As defined in Rule 14.11(d), ‘‘Linked
Securities’’ includes Multifactor Index-Linked
Securities, Equity Index-Linked Securities,
Commodity-Linked Securities, Fixed Income IndexLinked Securities, and Futures-Linked Securities.
4 As defined in Rule 14.11(d), ‘‘Futures Reference
Asset’’ includes ‘‘an index of (a) futures on Treasury
Securities, GSE Securities, supranational debt and
debt of a foreign country or a subdivision thereof,
or options or other derivatives on any of the
foregoing; or (b) interest rate futures or options or
derivatives on the foregoing in this subparagraph
(b); or (c) CBOE Volatility Index (VIX) Futures.’’
5 See Securities Exchange Act Release No. 65225
(August 30, 2011), 76 FR 55148 (September 6, 2011)
(SR–BATS–2011–018) (Order Approving Proposed
Rule Change to Adopt Rules for the Qualification,
Listing and Delisting of Companies on the
Exchange) (the ‘‘Approval Order’’). The Approval
Order approved the rules permitting the listing of
both Tier I and Tier II securities on the Exchange
and the requirements associated therewith, which
includes, among others, the listing and trading of
Linked Securities, trading hours and halts, and
listing fees originally applicable to Linked
Securities.
6 17 CFR 240.19b–4(e).
7 17 CFR 240.19b–4(c)(1).

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