80 FR 32423 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 109 (June 8, 2015)

Page Range		32423-32424
FR Document		2015-13872

Federal Register, Volume 80 Issue 109 (Monday, June 8, 2015)

[Federal Register Volume 80, Number 109 (Monday, June 8, 2015)]
[Notices]
[Pages 32423-32424]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-13872]


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SECURITIES AND EXCHANGE COMMISSION

[OMB Control No. 3235-0409, SEC File No. 270-360]


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 17Ad-15.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the existing 
collection of information provided for in Rule 17Ad-15 (17 CFR 
240.17Ad-15) under the Securities Exchange Act of 1934 (15 U.S.C. 78a 
et seq.). The Commission plans to submit this existing collection of 
information to the Office of Management and Budget (``OMB'') for 
extension and approval.
    Rule 17Ad-15 (17 CFR 240.17Ad-15) under the Securities Exchange Act 
of 1934 (15 U.S.C. 78a et seq.) (the ``Act'') requires approximately 
429 transfer agents to establish written standards for the acceptance 
or rejection of guarantees of securities transfers from eligible 
guarantor institutions. Transfer agents are required to establish 
procedures to ensure that those standards are used by the transfer 
agent to determine whether to accept or reject guarantees from eligible 
guarantor institutions. Transfer agents must maintain, for a period of 
three years following the date of a rejection of transfer, a record of 
all transfers rejected, along with the reason for the rejection, 
identification of the guarantor, and whether the guarantor failed to 
meet the transfer agent's guarantee standard. These recordkeeping 
requirements assist the Commission and other regulatory agencies with 
monitoring transfer agents and ensuring compliance with the rule.
    There are approximately 429 registered transfer agents. The staff 
estimates that each transfer agent will spend about 40 hours annually 
to comply with Rule 17Ad-15, or a total of 17,160 hours for all 
transfer agents (429 x 40 hours = 17,160 hours). The Commission staff 
estimates that compliance staff work at each registered transfer agent 
will result in an internal cost of compliance (at an estimated hourly 
wage of $283) of $11,320 per year per transfer agent (40 hours x $283 
per hour = $11,320 per year). Therefore, the aggregate annual internal 
cost of compliance for the approximately 429 registered transfer agents 
is approximately $4,856,280 ($11,320 x 429 = $4,856,280).
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information on 
respondents; 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 under the PRA unless it 
displays a currently valid OMB control number.
    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: [email protected].


[[Page 32424]]


    Dated: June 2, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-13872 Filed 6-5-15; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 109 / Monday, June 8, 2015 / Notices 32423

(C) Self-Regulatory Organization’s provisions of 5 U.S.C. 552, will be the transfer agent to determine whether
Statement on Comments on the available for Web site viewing and to accept or reject guarantees from
Proposed Rule Change Received From printing in the Commission’s Public eligible guarantor institutions. Transfer
Members, Participants or Others Reference Room, 100 F Street, NE., agents must maintain, for a period of
The Exchange has neither solicited Washington, DC 20549, on official three years following the date of a
nor received written comments on the business days between the hours of rejection of transfer, a record of all
proposed rule change. 10:00 a.m. and 3:00 p.m. Copies of the transfers rejected, along with the reason
filing will also be available for for the rejection, identification of the
III. Date of Effectiveness of the inspection and copying at the principal guarantor, and whether the guarantor
Proposed Rule Change and Timing for office of the Exchange. All comments failed to meet the transfer agent’s
Commission Action received will be posted without change; guarantee standard. These
Within 45 days of the date of the Commission does not edit personal recordkeeping requirements assist the
publication of this notice in the Federal identifying information from Commission and other regulatory
Register or up to 90 days (i) as the submissions. You should submit only agencies with monitoring transfer agents
Commission may designate if it finds information that you wish to make and ensuring compliance with the rule.
such longer period to be appropriate available publicly. All submissions
should refer to File Number SR– There are approximately 429
and publishes its reasons for so finding registered transfer agents. The staff
or (ii) as to which the self-regulatory NYSEArca-2015–43 and should be
submitted on or before June 29, 2015. estimates that each transfer agent will
organization consents, the Commission spend about 40 hours annually to
will: For the Commission, by the Division of comply with Rule 17Ad–15, or a total of
(A) By order approve or disapprove Trading and Markets, pursuant to delegated
authority.24 17,160 hours for all transfer agents (429
the proposed rule change, or × 40 hours = 17,160 hours). The
(B) institute proceedings to determine Robert W. Errett,
Commission staff estimates that
whether the proposed rule change Deputy Secretary.
compliance staff work at each registered
should be disapproved. [FR Doc. 2015–13871 Filed 6–5–15; 8:45 am]
transfer agent will result in an internal
BILLING CODE 8011–01–P
IV. Solicitation of Comments cost of compliance (at an estimated
Interested persons are invited to hourly wage of $283) of $11,320 per
submit written data, views, and SECURITIES AND EXCHANGE year per transfer agent (40 hours × $283
arguments concerning the foregoing, COMMISSION per hour = $11,320 per year). Therefore,
including whether the proposed rule the aggregate annual internal cost of
[OMB Control No. 3235–0409, SEC File No. compliance for the approximately 429
change is consistent with the Act. 270–360]
Comments may be submitted by any of registered transfer agents is
the following methods: Proposed Collection; Comment approximately $4,856,280 ($11,320 ×
Request 429 = $4,856,280).
Electronic Comments
Written comments are invited on: (a)
• Use the Commission’s Internet Upon Written Request, Copies Whether the proposed collection of
comment form (http://www.sec.gov/ Available From: Securities and information is necessary for the proper
rules/sro.shtml); or Exchange Commission, Office of
performance of the functions of the
• Send an email to rule-comments@ FOIA Services, 100 F Street NE.,
Commission, including whether the
sec.gov. Please include File Number SR– Washington, DC 20549–2736.
information shall have practical utility;
NYSEArca–2015–43 on the subject line. Extension: (b) the accuracy of the Commission’s
Rule 17Ad–15. estimates of the burden of the proposed
Paper Comments
Notice is hereby given that pursuant collection of information; (c) ways to
• Send paper comments in triplicate to the Paperwork Reduction Act of 1995 enhance the quality, utility, and clarity
to Brent J. Fields, Secretary, Securities (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the of the information on respondents; and
and Exchange Commission, 100 F Street Securities and Exchange Commission (d) ways to minimize the burden of the
NE., Washington, DC 20549–1090. (‘‘Commission’’) is soliciting comments collection of information on
All submissions should refer to File on the existing collection of information respondents, including through the use
Number SR–NYSEArca–2015–43. This provided for in Rule 17Ad–15 (17 CFR of automated collection techniques or
file number should be included on the 240.17Ad–15) under the Securities other forms of information technology.
subject line if email is used. To help the Exchange Act of 1934 (15 U.S.C. 78a et Consideration will be given to
Commission process and review your seq.). The Commission plans to submit comments and suggestions submitted in
comments more efficiently, please use this existing collection of information to writing within 60 days of this
only one method. The Commission will the Office of Management and Budget publication.
post all comments on the Commission’s (‘‘OMB’’) for extension and approval.
Internet Web site (http://www.sec.gov/ An Agency may not conduct or
Rule 17Ad–15 (17 CFR 240.17Ad–15)
rules/sro.shtml). Copies of the sponsor, and a person is not required to
under the Securities Exchange Act of
submission, all subsequent respond to, a collection of information
1934 (15 U.S.C. 78a et seq.) (the ‘‘Act’’)
amendments, all written statements under the PRA unless it displays a
requires approximately 429 transfer
currently valid OMB control number.
mstockstill on DSK4VPTVN1PROD with NOTICES

with respect to the proposed rule agents to establish written standards for
change that are filed with the the acceptance or rejection of guarantees Please direct your written comments
Commission, and all written of securities transfers from eligible to: Pamela Dyson, Director/Chief
communications relating to the guarantor institutions. Transfer agents Information Officer, Securities and
proposed rule change between the are required to establish procedures to Exchange Commission, c/o Remi Pavlik-
Commission and any person, other than ensure that those standards are used by Simon, 100 F Street NE., Washington,
those that may be withheld from the DC 20549, or send an email to: PRA_
public in accordance with the 24 17 CFR 200.30–3(a)(12). Mailbox@sec.gov.

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32424 Federal Register / Vol. 80, No. 109 / Monday, June 8, 2015 / Notices

Dated: June 2, 2015. and (10), permit consideration of the × 5 hours) for a total burden of 290,000
Robert W. Errett, scheduled matter at the Closed Meeting. hours annually. In addition, we estimate
Deputy Secretary. Chair White, as duty officer, voted to that 25% of the 5 hours per response
[FR Doc. 2015–13872 Filed 6–5–15; 8:45 am] consider the item listed for the Closed (1.25 hours) is prepared by the filer for
BILLING CODE 8011–01–P
Meeting in closed session, and an annual reporting burden of 72,500
determined that Commission business hours (1.25 hours per response × 58,000
required consideration earlier than one responses).
SECURITIES AND EXCHANGE week from today. No earlier notice of Written comments are invited on: (a)
COMMISSION this Meeting was practicable. Whether the proposed collection of
The subject matter of June 8, 2015 information is necessary for the proper
Sunshine Act Meeting Closed Meeting will be: performance of the functions of the
Post argument discussion agency, including whether the
Notice is hereby given, pursuant to For further information, please information has practical utility; (b) the
the provisions of the Government in the contact the Office of the Secretary at accuracy of the agency’s estimate of the
Sunshine Act, Public Law 94–409, that (202) 551–5400. burden imposed by the collection of
the Securities and Exchange information; (c) ways to enhance the
Commission will hold an Open Meeting Dated: June 2, 2015.
quality, utility, and clarity of the
on June 8, 2015, at 1:00 p.m., in Room Brent J. Fields,
information collected; and (d) ways to
10800 at the Commission’s headquarters Secretary.
minimize the burden of the collection of
building, to hear oral argument in cross- [FR Doc. 2015–13984 Filed 6–4–15; 11:15 am] information on respondents, including
appeals by Timbervest, LLC, Joel Barth BILLING CODE 8011–01–P through the use of automated collection
Shapiro, Walter William Anthony techniques or other forms of information
Boden, III, Donald David Zell, Jr., technology. Consideration will be given
Gordon Jones II (collectively, SECURITIES AND EXCHANGE to comments and suggestions submitted
Respondents), and the Division of COMMISSION in writing within 60 days of this
Enforcement from an initial decision of [Extension: Regulation FD; OMB Control publication.
an administrative law judge. No.: 3235–0536, SEC File No. 270–475] Please direct your written comments
On August 20, 2014, the law judge to Pamela Dyson, Director/Chief
found that Timbervest violated Sections Proposed Collection; Comment Information Officer, Securities and
206(1) and 206(2) of the Investment Request Exchange Commission, c/o Remi Pavlik-
Advisers Act in connection with a Upon Written Request Copies Available Simon, 100 F Street NE., Washington,
repurchase arrangement and real estate From: Securities and Exchange DC 20549; or send an email to: PRA_
commissions. The law judge also found Commission Office of FOIA Services Mailbox@sec.gov.
that each of the individual Respondents 100 F Street NE., Washington, DC Dated: June 2, 2015.
aided, abetted, and caused the Section 20549–2736. Robert W. Errett,
206 violations that were connected to Notice is hereby given that, pursuant Deputy Secretary.
the repurchase agreement. But the law to the Paperwork Reduction Act of 1995 [FR Doc. 2015–13874 Filed 6–5–15; 8:45 am]
judge concluded that only Shapiro and (44 U.S.C. 3501 et seq.), the Securities
Boden acted with scienter in furthering BILLING CODE 8011–01–P
and Exchange Commission
Timbervest’s violations related to the (‘‘Commission’’) is soliciting comments
real estate commissions; the law judge on the collection of information SECURITIES AND EXCHANGE
concluded that Zell and Jones were summarized below. The Commission COMMISSION
merely negligent. The law judge plans to submit this existing collection
accordingly found that Shapiro and of information to the Office of [Extension: Rule 206(4)–3; OMB Control No.
Jones aided, abetted, and caused 3235–0242, SEC File No. 270–218]
Management Budget for extension and
Timbervest’s Sections 206(1) and 206(2) approval.
violations, but found that Jones and Zell Proposed Collection; Comment
Regulation FD (17 CFR 243.100 et Request
aided, abetted, and caused only seq.)—Other Disclosure Materials
Timbervest’s Section 206(2) violation. requires public disclosure of material Upon Written Request, Copies Available
The law judge imposed cease-and-desist information from issuers of publicly From: Securities and Exchange
orders on Respondents and ordered traded securities so that investors have Commission, Office of FOIA Services,
disgorgement. current information upon which to base 100 F Street NE., Washington, DC
The issues likely to considered at oral investment decisions. The purpose of 20549–2736.
argument include whether Respondents the regulation is to require: (1) An issuer Notice is hereby given that, pursuant
violated Advisers Act Sections 206(1) that intentionally discloses material to the Paperwork Reduction Act of 1995
and 206(2) as alleged and, if so, the information, to do so through public (44 U.S.C. 3501 et seq.), the Securities
extent to which they should be disclosure, not selective disclosure; and and Exchange Commission
sanctioned for those violations. Also (2) to make prompt public disclosure of (‘‘Commission’’) is soliciting comments
likely to be considered at oral argument material information that was on the collection of information
is whether these administrative unintentionally selectively disclosed. summarized below. The Commission
proceedings violate the U.S.
mstockstill on DSK4VPTVN1PROD with NOTICES

We estimate that approximately 13,000 plans to submit this existing collection
Constitution. issuers make Regulation FD disclosures of information to the Office of
The General Counsel of the approximately five times a year for a Management and Budget for extension
Commission, or her designee, has total of 58,000 submissions annually, and approval.
certified that, in her opinion, one or not including an estimated 7,000 issuers Rule 206(4)–3 (17 CFR 275.206(4)–3)
more of the exemptions set forth in 5 who file Form 8–K to comply with under the Investment Advisers Act of
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) Regulation FD. We estimate that it takes 1940, which is entitled ‘‘Cash Payments
and 17 CFR 200.402(a)(3), (5), (7), 9(ii) 5 hours per response (58,000 responses for Client Solicitations,’’ provides

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Document Created: 2018-02-22 10:12:41
Document Modified: 2018-02-22 10:12:41

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		80 FR 32423