Form 15F 60 Day Federal Register Notice

25496

Federal Register / Vol. 85, No. 85 / Friday, May 1, 2020 / Notices

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–NYSEArca–2020–36. 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 website (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 website 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.
Persons submitting comments are
cautioned that we do not redact or edit
personal identifying information from
comment submissions. You should
submit only information that you wish
to make available publicly. All
submissions should refer to File
Number SR–NYSEArca–2020–36 and
should be submitted on or before May
22,2020.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.26
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–09251 Filed 4–30–20; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–40, OMB Control No.
3235–0313]

Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
26

17 CFR 200.30–3(a)(12).

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100 F Street NE, Washington, DC
20549–2736
Extension:
Rule 203–2 and Form ADV–W

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
(‘‘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.
The title for the collection of
information is ‘‘Rule 203–2 (17 CFR
275.203–2) and Form ADV–W (17 CFR
279.2) under the Investment Advisers
Act of 1940 (15 U.S.C. 80b).’’ Rule 203–
2 under the Investment Advisers Act of
1940 establishes procedures for an
investment adviser to withdraw its
registration or pending registration with
the Commission. Rule 203–2 requires
every person withdrawing from
investment adviser registration with the
Commission to file Form ADV–W
electronically on the Investment
Adviser Registration Depository
(‘‘IARD’’). The purpose of the
information collection is to notify the
Commission and the public when an
investment adviser withdraws its
pending or approved SEC registration.
Typically, an investment adviser files a
Form ADV–W when it ceases doing
business or when it is ineligible to
remain registered with the Commission.
The respondents to the collection of
information are all investment advisers
that are registered with the Commission
or have applications pending for
registration. The Commission has
estimated that compliance with the
requirement to complete Form ADV–W
imposes a total burden of approximately
0.75 hours (45 minutes) for an adviser
filing for full withdrawal and
approximately 0.25 hours (15 minutes)
for an adviser filing for partial
withdrawal. Based on historical filings,
the Commission estimates that there are
approximately 802 respondents
annually filing for full withdrawal and
approximately 454 respondents
annually filing for partial withdrawal.
Based on these estimates, the total
estimated annual burden would be 715
hours ((802 respondents × .75 hours) +
(454 respondents × .25 hours)).
Rule 203–2 and Form ADV–W do not
require recordkeeping or records
retention. The collection of information
requirements under the rule and form
are mandatory. The information
collected pursuant to the rule and Form
ADV–W are filings with the

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Commission. These filings are 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 control number.
Written comments are invited on: (a)
Whether the documentation 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 David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549; or send an email to: PRA_
[email protected].
Dated: April 28, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–09290 Filed 4–30–20; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–559, OMB Control No.
3235–0621]

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 15F

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
(‘‘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.
Form 15F (17 CFR 249.324) is filed by
a foreign private issuer when
terminating its Exchange Act reporting

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Federal Register / Vol. 85, No. 85 / Friday, May 1, 2020 / Notices
obligations pursuant to Exchange Act
Rule 12h–6 (17 CFR 240.12h–6). Form
15F requires a foreign private issuer to
disclose information that helps
investors understand the foreign private
issuer’s decision to terminate its
Exchange Act reporting obligations and
assists the Commission staff in
determining whether the filer is eligible
to terminate its Exchange Act reporting
obligations pursuant to Rule 12h–6.
Rule 12h–6 provides a process for a
foreign private issuer to exit the
Exchange Act registration and reporting
regime when there is relatively little
U.S. investor interest in its securities.
Rule 12h–6 is intended to remove a
disincentive for foreign private issuers
to register their securities with the
Commission by lessening concerns that
the Exchange Act registration and
reporting system would be difficult to
exit once an issuer enters it. We
estimate that Form 15F takes
approximately 30 hours to prepare and
is filed by approximately 30 issuers. We
estimate that 25% of the 30 hours per
response (7.5 hours per response) is
prepared by the filer for a total annual
reporting burden of 225 hours (7.5 hours
per response × 30 responses).
Written comments are invited on: (a)
Whether this 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 imposed by 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.
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
control number.
Please direct your written comment to
David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
[email protected].
Dated: April 28, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–09291 Filed 4–30–20; 8:45 am]
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SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88756; File No. SR–
NYSEAMER–2020–32]

Self-Regulatory Organizations; NYSE
American LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend Rule 1.1E To
Modify the Definition of ‘‘UTP
Exchange Traded Product’’ and Rule
5.1E To Incorporate the Modified
Definition of ‘‘UTP Exchange Traded
Product’’
April 27, 2020.

Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that on April 16,
2020, NYSE American LLC
(‘‘Exchange’’) 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 self-regulatory 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 (1)
Rule 1.1E to modify the definition of
‘‘UTP Exchange Traded Product’’ and
(2) Rule 5.1E to incorporate the
definition of UTP Exchange Traded
Product as set forth in revised Rule 1.1E.
The proposed rule change is available
on the Exchange’s website 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.
1 15

U.S.C.78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15

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A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend (1)
Rule 1.1E to modify the definition of
‘‘UTP Exchange Traded Product’’ and
(2) Rule 5.1E to incorporate the
definition of UTP Exchange Traded
Product as set forth in revised Rule 1.1E.
Rule 1.1E
Rule 1.1E(bbb) currently provides that
the term ‘‘Exchange Traded Product’’
means a security that meets the
definition of ‘‘derivative securities
product’’ in Rule 19b–4(e) under the
Securities Exchange Act of 1934 and a
‘‘UTP Exchange Traded Product’’ means
an Exchange Traded Product that trades
on the Exchange pursuant to unlisted
trading privileges. The Exchange
proposes to amend the definition of
‘‘UTP Exchange Traded Product’’ to
mean one of the following Exchange
Traded Products that trades on the
Exchange pursuant to unlisted trading
privileges: Equity Linked Notes,
Investment Company Units, IndexLinked Exchangeable Notes, Equity
Gold Shares, Equity Index-Linked
Securities, Commodity-Linked
Securities, Currency-Linked Securities,
Fixed-Income Index-Linked Securities,
Futures-Linked Securities, MultifactorIndex-Linked Securities, Trust
Certificates, Currency and Index
Warrants, Portfolio Depository Receipts,
Trust Issued Receipts, CommodityBased Trust Shares, Currency Trust
Shares, Commodity Index Trust Shares,
Commodity Futures Trust Shares,
Partnership Units, Paired Trust Shares,
Trust Units, Managed Fund Shares,
Managed Trust Securities, and Managed
Portfolio Shares.
This proposed change is based on
NYSE National, Inc. (‘‘NYSE National’’)
Rule 1.1(m) and NYSE Chicago, Inc.
(‘‘NYSE Chicago’’) Rule 1.1(k).4 This list
is designed to align the rules of the
Exchange with the rules of NYSE
National and NYSE Chicago and to
enumerate the types of Exchange Traded
Products to which the Exchange would
extend unlisted trading privileges
(‘‘UTP’’).
4 NYSE National and NYSE Chicago have filed
proposed rule changes for immediate effectiveness
to amend their respective rules to add Managed
Portfolio Shares to their definitions of UTP
Exchange Traded Products. See SR–NYSENAT–
2020–16 (filed April 16, 2020) and SR–NYSECHX–
2020–13 (filed April 16, 2020).

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