80 FR 48949 - Proposed Collection; Comment Request
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 157 (August 14, 2015)
Federal Register Volume 80, Issue 157 (August 14, 2015)
| Page Range | 48949-48950 | |
| FR Document | 2015-20156 |
[Federal Register Volume 80, Number 157 (Friday, August 14, 2015)] [Notices] [Pages 48949-48950] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-20156] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon Written Request, Copies Available From: U.S. Securities and Exchange Commission, Office of FOIA Services, Washington, DC 20549- 2736. Extension: Rules 3a68-2 and 3a68-4(c); SEC File No. 270-641, OMB Control No. 3235-0685. 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 (``SEC'') is soliciting comments on the existing collection of information provided for Rules 3a68-2 and 3a68-4(c). The SEC plans to submit this existing collection of information to the Office of Management and Budget (``OMB'') for extension and approval. Rule 3a68-2 creates a process for interested persons to request a joint interpretation by the SEC and the Commodity Futures Trading Commission (``CFTC'') (together with the SEC, the ``Commissions'') regarding whether a particular instrument (or class of instruments) is a swap, a security-based swap, or both (i.e., a mixed swap). Under Rule 3a68-2, a person provides to the Commissions a copy of all material information regarding the terms of, and a statement of the economic characteristics and purpose of, each relevant agreement, contract, or transaction (or class thereof), along with that person's determination as to whether each such agreement, contract, or transaction (or class thereof) should be characterized as a swap, security-based swap, or both (i.e., a mixed swap). The Commissions also may request the submitting person to provide additional information. The SEC expects 25 requests pursuant to Rule 3a68-2 per year. The SEC estimates the total paperwork burden associated with preparing and submitting each request would be 20 hours to retrieve, review, and submit the information associated with the submission. This 20 hour burden is divided between the SEC and the CFTC, with 10 hours per response regarding reporting to the SEC and 10 hours of response regarding third party disclosure to the CFTC.\1\ The SEC estimates this would result in an aggregate annual burden of 500 hours (25 requests x 20 hours/request). --------------------------------------------------------------------------- \1\ The burdens imposed by the CFTC are included in this collection of information. --------------------------------------------------------------------------- The SEC estimates that the total costs resulting from a submission under Rule 3a68-2 would be approximately $12,000 for outside attorneys to retrieve, review, and submit the information associated with the submission. The SEC estimates this would result in aggregate costs each year of $300,000 (25 requests x 30 hours/request x $400). Rule 3a68-4(c) establishes a process for persons to request that the Commissions issue a joint order permitting such persons (and any other person or persons that subsequently lists, trades, or clears that class of mixed swap) to comply, as to parallel provisions only, with specified parallel provisions of either the Commodity Exchange Act (``CEA'') or the Securities Exchange Act of 1934 (``Exchange Act''), and related rules and regulations (collectively ``specified parallel provisions''), instead of being required to comply with parallel provisions of both the CEA and the Exchange Act. The SEC expects ten requests pursuant to Rule 3a68-4(c) per year. The SEC estimates that nine of these requests will have also been made in a request for a joint interpretation pursuant to Rule 3a68-2, and one will not have been. The SEC estimates the total burden for the one request for which the joint interpretation pursuant to 3a68-2 was not requested would be 30 hours, and the total burden associated with the other nine requests would be 20 hours per request because some of the information required to be submitted pursuant to Rule 3a68-4(c) would have already been submitted pursuant to Rule 3a68-2. The burden in both cases is evenly divided between the SEC and the CFTC. [[Page 48950]] The SEC estimates that the total costs resulting from a submission under Rule 3a68-4(c) would be approximately $20,000 for the services of outside attorneys to retrieve, review, and submit the information associated with the submission of the one request for which a request for a joint interpretation pursuant to Rule 3a68-2 was not previously made (1 request x 50 hours/request x $400). For the nine requests for which a request for a joint interpretation pursuant to Rule 3a68-2 was previously made, the SEC estimates the total costs associated with preparing and submitting a party's request pursuant to Rule 3a68-4(c) would be $6,000 less per request because, as discussed above, some of the information required to be submitted pursuant to Rule 3a68-4(c) already would have been submitted pursuant to Rule 3a68-2. The SEC estimates this would result in an aggregate cost each year of $126,000 for the services of outside attorneys (9 requests x 35 hours/request x $400). Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the SEC, including whether the information shall have practical utility; (b) the accuracy of the SEC's estimates of the burden of the proposed collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be 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 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]. Dated: August 11, 2015. Brent J. Fields, Secretary. [FR Doc. 2015-20156 Filed 8-13-15; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 80, No. 157 / Friday, August 14, 2015 / Notices 48949
announce such implementation date in Washington, DC 20549, on official agreement, contract, or transaction (or
a Regulatory Notice. business days between the hours of class thereof) should be characterized as
10:00 a.m. and 3:00 p.m. Copies of such a swap, security-based swap, or both
III. Date of Effectiveness of the
filing also will be available for (i.e., a mixed swap). The Commissions
Proposed Rule Change and Timing for
inspection and copying at the principal also may request the submitting person
Commission Action office of FINRA. All comments received to provide additional information.
Within 45 days of the date of will be posted without change; the The SEC expects 25 requests pursuant
publication of this notice in the Federal Commission does not edit personal to Rule 3a68–2 per year. The SEC
Register or within such longer period (i) identifying information from estimates the total paperwork burden
as the Commission may designate up to submissions. You should submit only associated with preparing and
90 days of such date if it finds such information that you wish to make submitting each request would be 20
longer period to be appropriate and available publicly. All submissions hours to retrieve, review, and submit the
publishes its reasons for so finding or should refer to File Number SR–FINRA– information associated with the
(ii) as to which the self-regulatory 2015–029 and should be submitted on submission. This 20 hour burden is
organization consents, the Commission or before September 4, 2015. divided between the SEC and the CFTC,
will: For the Commission, by the Division of with 10 hours per response regarding
(A) By order approve or disapprove Trading and Markets, pursuant to delegated reporting to the SEC and 10 hours of
such proposed rule change, or authority.67 response regarding third party
(B) institute proceedings to determine Robert W. Errett, disclosure to the CFTC.1 The SEC
whether the proposed rule change Deputy Secretary. estimates this would result in an
should be disapproved. aggregate annual burden of 500 hours
[FR Doc. 2015–20006 Filed 8–13–15; 8:45 am]
IV. Solicitation of Comments (25 requests × 20 hours/request).
BILLING CODE 8011–01–P
The SEC estimates that the total costs
Interested persons are invited to resulting from a submission under Rule
submit written data, views and 3a68–2 would be approximately $12,000
arguments concerning the foregoing, SECURITIES AND EXCHANGE
COMMISSION for outside attorneys to retrieve, review,
including whether the proposed rule and submit the information associated
change is consistent with the Act. Proposed Collection; Comment with the submission. The SEC estimates
Comments may be submitted by any of Request this would result in aggregate costs each
the following methods: year of $300,000 (25 requests × 30
Upon Written Request, Copies Available hours/request × $400).
Electronic Comments From: U.S. Securities and Exchange Rule 3a68–4(c) establishes a process
• Use the Commission’s Internet Commission, Office of FOIA Services, for persons to request that the
comment form (http://www.sec.gov/ Washington, DC 20549–2736. Commissions issue a joint order
rules/sro.shtml); or Extension: permitting such persons (and any other
• Send an email to rule-comments@ Rules 3a68–2 and 3a68–4(c); person or persons that subsequently
sec.gov. Please include File Number SR– SEC File No. 270–641, OMB Control No. lists, trades, or clears that class of mixed
FINRA–2015–029 on the subject line. 3235–0685. swap) to comply, as to parallel
Paper Comments Notice is hereby given that pursuant provisions only, with specified parallel
to the Paperwork Reduction Act of 1995 provisions of either the Commodity
• Send paper comments in triplicate
(44 U.S.C. 3501 et seq.), the Securities Exchange Act (‘‘CEA’’) or the Securities
to Robert W. Errett, Deputy Secretary, and Exchange Commission (‘‘SEC’’) is Exchange Act of 1934 (‘‘Exchange Act’’),
Securities and Exchange Commission, soliciting comments on the existing and related rules and regulations
100 F Street NE., Washington, DC collection of information provided for (collectively ‘‘specified parallel
20549–1090. Rules 3a68–2 and 3a68–4(c). The SEC provisions’’), instead of being required
All submissions should refer to File plans to submit this existing collection to comply with parallel provisions of
Number SR–FINRA–2015–029. This file of information to the Office of both the CEA and the Exchange Act.
number should be included on the Management and Budget (‘‘OMB’’) for The SEC expects ten requests
subject line if email is used. To help the extension and approval. pursuant to Rule 3a68–4(c) per year.
Commission process and review your Rule 3a68–2 creates a process for The SEC estimates that nine of these
comments more efficiently, please use interested persons to request a joint requests will have also been made in a
only one method. The Commission will interpretation by the SEC and the request for a joint interpretation
post all comments on the Commission’s Commodity Futures Trading pursuant to Rule 3a68–2, and one will
Internet Web site (http://www.sec.gov/ Commission (‘‘CFTC’’) (together with not have been. The SEC estimates the
rules/sro.shtml). Copies of the the SEC, the ‘‘Commissions’’) regarding total burden for the one request for
submission, all subsequent whether a particular instrument (or which the joint interpretation pursuant
amendments, all written statements class of instruments) is a swap, a to 3a68–2 was not requested would be
with respect to the proposed rule security-based swap, or both (i.e., a 30 hours, and the total burden
change that are filed with the mixed swap). Under Rule 3a68–2, a associated with the other nine requests
Commission, and all written person provides to the Commissions a would be 20 hours per request because
communications relating to the copy of all material information
asabaliauskas on DSK5VPTVN1PROD with NOTICES
some of the information required to be
proposed rule change between the regarding the terms of, and a statement submitted pursuant to Rule 3a68–4(c)
Commission and any person, other than of the economic characteristics and would have already been submitted
those that may be withheld from the purpose of, each relevant agreement, pursuant to Rule 3a68–2. The burden in
public in accordance with the contract, or transaction (or class both cases is evenly divided between
provisions of 5 U.S.C. 552, will be thereof), along with that person’s the SEC and the CFTC.
available for Web site viewing and determination as to whether each such
printing in the Commission’s Public 1 The burdens imposed by the CFTC are included
Reference Room, 100 F Street NE., 67 17 CFR 200.30–3(a)(12). in this collection of information.
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![48950 Federal Register / Vol. 80, No. 157 / Friday, August 14, 2015 / Notices
The SEC estimates that the total costs SECURITIES AND EXCHANGE Exchange Act of 1934 (‘‘Act’’) 1 and Rule
resulting from a submission under Rule COMMISSION 19b–4 thereunder,2 a proposed rule
3a68–4(c) would be approximately change to delete the second sentence of
[File No. 500–1]
$20,000 for the services of outside OCC Rule 1001(a) in order to permit
attorneys to retrieve, review, and submit In the Matter of DJSP Enterprises, Inc.; OCC to adjust the size of its clearing
the information associated with the Order of Suspension of Trading fund on an intra-month basis.3 On
submission of the one request for which December 2, 2014, the proposed rule
a request for a joint interpretation August 12, 2015. change was published in the Federal
pursuant to Rule 3a68–2 was not It appears to the Securities and Register.4 On January 5, 2015, pursuant
Exchange Commission (‘‘Commission’’) to Section 19(b)(2)(A)(ii)(II) of the Act,5
previously made (1 request × 50 hours/
that there is a lack of current and the Commission extended the time
request × $400). For the nine requests
accurate information concerning the period to approve, disapprove, or
for which a request for a joint institute proceedings to determine
securities of DJSP Enterprises, Inc. (CIK
interpretation pursuant to Rule 3a68–2 whether to disapprove the proposed
No. 0001436612) (‘‘DJSP’’), because
was previously made, the SEC estimates rule change to March 2, 2015. On March
there is a lack of adequate and accurate
the total costs associated with preparing information concerning DJSP’s financial 2, 2015, the Commission instituted
and submitting a party’s request statements contained in its Form 20–F proceedings under Section 19(b)(2)(B) of
pursuant to Rule 3a68–4(c) would be filed on April 2, 2010, and in its Forms the Act to determine whether to approve
$6,000 less per request because, as 6–K furnished on May 28, 2010 and or disapprove the proposed rule
discussed above, some of the September 22, 2010. DJSP is a British change.6 On May 19, 2015, pursuant to
information required to be submitted Virgin Islands corporation based in Section 19(b)(2)(B)(ii)(II)(bb),7 the
pursuant to Rule 3a68–4(c) already Plantation, Florida with a class of Commission extended the time period
would have been submitted pursuant to securities that was registered with the for issuing an order to approve or
Rule 3a68–2. The SEC estimates this Commission pursuant to Section 12(b) disapprove the proposed rule change to
would result in an aggregate cost each of the Securities Exchange Act of 1934 July 30, 2015. The Commission received
year of $126,000 for the services of (‘‘Exchange Act’’) until June 2011, 90 no comment letters regarding the
outside attorneys (9 requests × 35 hours/ days after DJSP filed a Form 25 with the proposed rule change.
request × $400). Commission voluntary delisting and On July 27, 2015, OCC withdrew the
deregistering its common stock. DJSP’s proposed rule change (SR–OCC–2014–
Written comments are invited on: (a) 21).
Whether the proposed collection of stock is currently quoted on OTC Link,
operated by OTC Markets Group, Inc., For the Commission, by the Division of
information is necessary for the proper
under the ticker: DJSP. Trading and Markets, pursuant to delegated
performance of the functions of the SEC, The Commission is of the opinion that authority.8
including whether the information shall the public interest and the protection of Robert W. Errett,
have practical utility; (b) the accuracy of investors require a suspension of trading Deputy Secretary.
the SEC’s estimates of the burden of the in the securities of DJSP. [FR Doc. 2015–20009 Filed 8–13–15; 8:45 am]
proposed collection of information; (c) Therefore, it is ordered, pursuant to BILLING CODE 8011–01–P
ways to enhance the quality, utility, and Section 12(k) of the Exchange Act, that
clarity of the information to be trading in the securities of DJSP
collected; and (d) ways to minimize the Enterprises, Inc. is suspended for the SOCIAL SECURITY ADMINISTRATION
burden of the collection of information period from 9:30 a.m. EDT on August
on respondents, including through the 12, 2015, through 11:59 p.m. EDT on [Docket No. SSA –2014–0071]
use of automated collection techniques August 25, 2015.
Privacy Act of 1974, as Amended;
or other forms of information By the Commission. Computer Matching Program (SSA/
technology. Consideration will be given Jill M. Peterson, Department of the Treasury, Internal
to comments and suggestions submitted Assistant Secretary. Revenue Service (IRS)—Match Number
in writing within 60 days of this [FR Doc. 2015–20185 Filed 8–12–15; 11:15 am] 1310
publication.
BILLING CODE 8011–01–P
An agency may not conduct or AGENCY: Social Security Administration
(SSA).
sponsor, and a person is not required to
respond to, a collection of information SECURITIES AND EXCHANGE ACTION: Notice of a renewal of an
under the PRA unless it displays a COMMISSION existing computer matching program
that will expire on September 30, 2015.
currently valid OMB control number. [Release No. 34–75658; File No. SR–OCC–
Please direct your written comments 2014–21] SUMMARY: In accordance with the
to: Pamela Dyson, Director/Chief provisions of the Privacy Act, as
Information Officer, Securities and Self-Regulatory Organizations; The amended, this notice announces a
Options Clearing Corporation; Notice
Exchange Commission, c/o Remi Pavlik-
of Withdrawal of a Proposed Rule 1 15 U.S.C. 78s(b)(1).
Simon, 100 F Street NE., Washington,
Change in Order To Permit OCC To 2 17 CFR 204.19b–4.
DC 20549, or send an email to: PRA_
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Adjust the Size of Its Clearing Fund on 3 See Securities Exchange Act Release No. 73685
Mailbox@sec.gov. an Intra-Month Basis (November 25, 2014) 78 FR 71479 (December 2,
2014) (SR–OCC–2014–21).
Dated: August 11, 2015. 4 Id.
August 10, 2015.
Brent J. Fields, 5 15 U.S.C. 78s(b)(2)(A)(ii)(II).
On November 13, 2014, The Options
Secretary. Clearing Corporation (‘‘OCC’’) filed with
6 See Securities Exchange Act Release No. 74406
(March 2, 2015), 80 FR 12232 (March 6, 2015) (SR–
[FR Doc. 2015–20156 Filed 8–13–15; 8:45 am] the Securities and Exchange OCC–2014–21).
BILLING CODE 8011–01–P Commission (‘‘Commission’’), pursuant 7 15 U.S.C. 78s(b)(2)(B)(ii)(II)(bb).
to Section 19(b)(1) of the Securities 8 17 CFR 200.30–3(a)(12).
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Document Created: 2018-02-23 10:59:29
Document Modified: 2018-02-23 10:59:29
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 80 FR 48949 |
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