80_FR_25069 80 FR 24985 - Submission for OMB Review; Comments Request

80 FR 24985 - Submission for OMB Review; Comments Request

OVERSEAS PRIVATE INVESTMENT CORPORATION

Federal Register Volume 80, Issue 84 (May 1, 2015)

Page Range24985-24985
FR Document2015-10230

Under the provisions of the Paperwork Reduction Act (44 U.S.C. chapter 35), agencies are required to publish a Notice in the Federal Register notifying the public that the agency is modifying and renewing an existing previously approved information collection for OMB review and approval and requests public review and comment on the submission. Comments are being solicited on the need for the information; the accuracy of OPIC's burden estimate; the quality, practical utility, and clarity of the information to be collected; and ways to minimize reporting the burden, including automated collected techniques and uses of other forms of technology.

Federal Register, Volume 80 Issue 84 (Friday, May 1, 2015) 
[Federal Register Volume 80, Number 84 (Friday, May 1, 2015)]
[Notices]
[Page 24985]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-10230]


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OVERSEAS PRIVATE INVESTMENT CORPORATION

[OMB-3420-0018]


Submission for OMB Review; Comments Request

AGENCY: Overseas Private Investment Corporation (OPIC).

ACTION: Notice and request for comments.

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SUMMARY: Under the provisions of the Paperwork Reduction Act (44 U.S.C. 
chapter 35), agencies are required to publish a Notice in the Federal 
Register notifying the public that the agency is modifying and renewing 
an existing previously approved information collection for OMB review 
and approval and requests public review and comment on the submission. 
Comments are being solicited on the need for the information; the 
accuracy of OPIC's burden estimate; the quality, practical utility, and 
clarity of the information to be collected; and ways to minimize 
reporting the burden, including automated collected techniques and uses 
of other forms of technology.

DATES: Comments must be received within sixty (60) calendar days of 
publication of this Notice.

ADDRESSES: Mail all comments and requests for copies of the subject 
form to OPIC's Agency Submitting Officer: James Bobbitt, Overseas 
Private Investment Corporation, 1100 New York Avenue NW., Washington, 
DC 20527. See SUPPLEMENTARY INFORMATION for other information about 
filing.

FOR FURTHER INFORMATION CONTACT: OPIC Agency Submitting Officer: James 
Bobbitt, (202) 336-8558.

SUPPLEMENTARY INFORMATION: All mailed comments and requests for copies 
of the subject form should include form number OPIC-129 on both the 
envelope and in the subject line of the letter. Electronic comments and 
requests for copies of the subject form may be sent to 
[email protected], subject line OPIC-129.

Summary Form Under Review

    Type of Request: Revision of currently approved information 
collection.
    Title: Sponsor Disclosure Report.
    Form Number: OPIC-129.
    Frequency of Use: One per investor per project.
    Type of Respondents: Business or other institution (except farms); 
individuals.
    Standard Industrial Classification Codes: All.
    Description of Affected Public: U.S. companies or citizens 
investing overseas.
    Reporting Hours: 1890 (3 hours per response).
    Number of Responses: 630 per year.
    Federal Cost: $64,801.80 ($51.43 x 630 x 2)
    Authority for Information Collection: Sections 231, 234(a), 239(d), 
and 240A of the Foreign Assistance Act of 1961, as amended.
    Abstract (Needs and Uses): The information provided in the OPIC-129 
is used by OPIC as a part of the Character Risk Due Diligence/
background check procedure (similar to a commercial bank's Know Your 
Customer procedure) that it performs on each party that has a 
significant relationship (10% or more beneficial ownership, provision 
of significant credit support, significant managerial relationship) to 
the projects that OPIC finances. The only change being made is to 
adjust the threshold from 5% to 10% in order to make OPIC's due 
diligence process more efficient and less resource intensive without 
significantly increasing the reputational and project risks associated 
with OPIC transactions.

    Dated: February 23, 2015.
Nichole Cadiente,
Administrative Counsel, Department of Legal Affairs.
[FR Doc. 2015-10230 Filed 4-30-15; 8:45 am]
 BILLING CODE 3210-01-P

Federal Register / Vol. 80, No. 84 / Friday, May 1, 2015 / Notices 24985 For the Nuclear Regulatory Commission. Frequency of Use: One per investor Exchange Act of 1934 (‘‘Act’’),1 five Michele Sampson, per project. preliminary copies of a supplement to Chief, Spent Fuel Licensing Branch, Division Type of Respondents: Business or amend the options disclosure document of Spent Fuel Management, Office of Nuclear other institution (except farms); (‘‘ODD’’) to include disclosure regarding Material Safety and Safeguards. individuals. foreign currency index options and [FR Doc. 2015–10245 Filed 4–30–15; 8:45 am] Standard Industrial Classification amend disclosure regarding implied BILLING CODE 7590–01–P Codes: All. volatility index options (‘‘April 2015 Description of Affected Public: U.S. Supplement’’).2 On April 15, 2015, the companies or citizens investing Commission received from the OCC five OVERSEAS PRIVATE INVESTMENT overseas. definitive copies of the April 2015 CORPORATION Reporting Hours: 1890 (3 hours per Supplement.3 response). Foreign Currency Index Options [OMB–3420–0018] Number of Responses: 630 per year. Federal Cost: $64,801.80 ($51.43 × Currently, the ODD states that indexes Submission for OMB Review; that may underlie options include stock Comments Request 630 × 2) Authority for Information Collection: indexes, variability indexes, strategy- AGENCY: Overseas Private Investment Sections 231, 234(a), 239(d), and 240A based indexes, dividend indexes, and Corporation (OPIC). of the Foreign Assistance Act of 1961, relative performance indexes. In April as amended. 2013, the Commission approved a ACTION: Notice and request for Abstract (Needs and Uses): The proposed rule change by the comments. information provided in the OPIC–129 International Securities Exchange, LLC SUMMARY: Under the provisions of the is used by OPIC as a part of the (‘‘ISE’’) to list options on the Dow Jones Paperwork Reduction Act (44 U.S.C. Character Risk Due Diligence/ FXCM Dollar Index.4 The April 2015 chapter 35), agencies are required to background check procedure (similar to Supplement amends disclosures in the publish a Notice in the Federal Register a commercial bank’s Know Your ODD to add foreign currency indexes as notifying the public that the agency is Customer procedure) that it performs on a type of index that can underlie an modifying and renewing an existing each party that has a significant option, in order to accommodate the previously approved information relationship (10% or more beneficial trading of options on the Dow Jones collection for OMB review and approval ownership, provision of significant FXCM Dollar Index and similarly and requests public review and structured foreign currency indexes.5 credit support, significant managerial comment on the submission. Comments Specifically, the April 2015 Supplement relationship) to the projects that OPIC are being solicited on the need for the adds new disclosure regarding the finances. The only change being made is information; the accuracy of OPIC’s characteristics of foreign currency index to adjust the threshold from 5% to 10% burden estimate; the quality, practical options and their special risks. In in order to make OPIC’s due diligence utility, and clarity of the information to addition, the supplement adds an process more efficient and less resource be collected; and ways to minimize example of the calculation of a foreign intensive without significantly reporting the burden, including currency index. The supplement also increasing the reputational and project automated collected techniques and amends disclosures in the ODD to risks associated with OPIC transactions. uses of other forms of technology. accommodate the fact that components Dated: February 23, 2015. of foreign currency indexes are foreign DATES: Comments must be received Nichole Cadiente, currencies rather than securities (e.g., by within sixty (60) calendar days of Administrative Counsel, Department of Legal referring to ‘‘components’’ of an index publication of this Notice. Affairs. rather than ‘‘constituent securities’’ of ADDRESSES: Mail all comments and an index). [FR Doc. 2015–10230 Filed 4–30–15; 8:45 am] requests for copies of the subject form BILLING CODE 3210–01–P Implied Volatility Index Options to OPIC’s Agency Submitting Officer: James Bobbitt, Overseas Private The ODD currently contains general Investment Corporation, 1100 New York disclosures on the characteristics and Avenue NW., Washington, DC 20527. SECURITIES AND EXCHANGE risks of trading standardized options on See SUPPLEMENTARY INFORMATION for COMMISSION variability indexes. The ODD states that other information about filing. variability indexes are indexes intended [Release No. 34–74813; File No. SR–ODD– FOR FURTHER INFORMATION CONTACT: 2015–01] 1 17 CFR 240.9b–1. OPIC Agency Submitting Officer: James 2 See email from Jean M. Cawley, SVP and Deputy Bobbitt, (202) 336–8558. Self-Regulatory Organizations; The General Counsel, OCC, to Sharon Lawson, David SUPPLEMENTARY INFORMATION: All mailed Options Clearing Corporation; Order Michehl, and Yue Ding, Division of Trading and comments and requests for copies of the Granting Approval of Accelerated Markets (‘‘Division’’), Commission, dated May 20, subject form should include form Delivery of Supplement to the Options 2014. 3 See letter from Jean M. Cawley, Senior Vice number OPIC–129 on both the envelope Disclosure Document Reflecting the President and Deputy General Counsel, OCC, to and in the subject line of the letter. Inclusion of Disclosure Regarding Sharon Lawson, Senior Special Counsel, Division, Electronic comments and requests for Foreign Currency Index Options and Commission, dated April 14, 2015. The April 2015 copies of the subject form may be sent Changes to Disclosure Regarding Supplement also makes certain technical, non- substantive amendments to the ODD. mstockstill on DSK4VPTVN1PROD with NOTICES to James.Bobbitt@opic.gov, subject line Implied Volatility Index Options 4 See Securities Exchange Act Release No. 69365 OPIC–129. (April 11, 2013), 78 FR 23321 (April 18, 2013) (SR– April 27, 2015. ISE–2013–14). Summary Form Under Review On May 20, 2014, the Options 5 The April 2015 Supplement is intended to Type of Request: Revision of currently Clearing Corporation (‘‘OCC’’) submitted accommodate the trading of options on foreign to the Securities and Exchange currency indexes that reflect the value of one approved information collection. currency, often the U.S. dollar, against a basket of Title: Sponsor Disclosure Report. Commission (‘‘Commission’’), pursuant foreign currencies. Foreign currency indexes are Form Number: OPIC–129. to Rule 9b–1 under the Securities calculated using exchange rates. VerDate Sep<11>2014 18:14 Apr 30, 2015 Jkt 235001 PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 E:\FR\FM\01MYN1.SGM 01MYN1


Document Created: 2018-02-21 10:20:56
Document Modified: 2018-02-21 10:20:56
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comments.
DatesComments must be received within sixty (60) calendar days of publication of this Notice.
ContactOPIC Agency Submitting Officer: James Bobbitt, (202) 336-8558.
FR Citation80 FR 24985 
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