80 FR 60940 - Proposed Collection; Comment Request
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 195 (October 8, 2015)
Federal Register Volume 80, Issue 195 (October 8, 2015)
| Page Range | 60940-60941 | |
| FR Document | 2015-25600 |
[Federal Register Volume 80, Number 195 (Thursday, October 8, 2015)] [Notices] [Pages 60940-60941] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-25600] ======================================================================= ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION 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-11 [SEC File No. 270-261, OMB Control No. 3235-0274] Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the [[Page 60941]] Securities and Exchange Commission (``Commission'') is soliciting comments on the existing collection of information provided for in Rule 17Ad-11 (17 CFR 240.17Ad-11) 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-11 requires every registered recordkeeping transfer agent to report to issuers and its appropriate regulatory agency in the event that the aggregate market value of an aged record difference exceeds certain thresholds. A record difference occurs when an issuer's records do not agree with those of securityholders as indicated, for instance, on certificates presented to the transfer agent for purchase, redemption or transfer. An aged record difference is a record difference that has existed for more than 30 calendar days. In addition, the rule requires every recordkeeping transfer agent to report to its appropriate regulatory agency in the event of a failure to post certificate detail to the master securityholder file within five business days of the time required by Rule 17Ad-10 (17 CFR 240.10). Also, a transfer agent must maintain a copy of any report required under Rule 17Ad-11 for a period of not less than three years following the date of the report, the first year in an easily accessible place. These recordkeeping requirements assist the Commission and other regulatory agencies with monitoring transfer agents and ensuring compliance with the rule. Because the information required by Rule 17Ad-11 is already available to transfer agents, any collection burden for small transfer agents is minimal. Based on a review of the number of Rule 17Ad-11 reports the Commission, the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation received since 2012, the Commission estimates that 10 respondents will file a total of approximately 12 reports annually. The Commission staff estimates that, on average, each report requires approximately 30 minutes to prepare. Therefore, the Commission staff estimates that the total annual hourly burden to the entire transfer agent industry is approximately six hours (30 minutes x 12 reports). Assuming an average hourly rate of $25 for a transfer agent staff employee, the average total internal cost of the report is $12.50. The total annual internal cost of compliance for the approximated 10 respondents is approximately $150.00 (12 reports x $12.50). 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 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 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: October 2, 2015. Brent J. Fields, Secretary. [FR Doc. 2015-25600 Filed 10-7-15; 8:45 am] BILLING CODE 8011-01-P
![60940 Federal Register / Vol. 80, No. 195 / Thursday, October 8, 2015 / Notices
To comply with the procedural complete at the time the documents are officer, having granted an exemption
requirements of E-Filing, at least 10 submitted through the NRC’s E-Filing request from using E-Filing, may require
days prior to the filing deadline, the system. To be timely, an electronic a participant or party to use E-Filing if
participant should contact the Office of filing must be submitted to the E-Filing the presiding officer subsequently
the Secretary by email at system no later than 11:59 p.m. Eastern determines that the reason for granting
hearing.docket@nrc.gov, or by telephone Time on the due date. Upon receipt of the exemption from use of E-Filing no
at 301–415–1677, to request (1) a digital a transmission, the E-Filing system longer exists.
identification (ID) certificate, which time-stamps the document and sends Documents submitted in adjudicatory
allows the participant (or its counsel or the submitter an email notice proceedings will appear in the NRC’s
representative) to digitally sign confirming receipt of the document. The electronic hearing docket which is
documents and access the E-Submittal E-Filing system also distributes an email available to the public at http://
server for any proceeding in which it is notice that provides access to the ehd1.nrc.gov/ehd/, unless excluded
participating; and (2) advise the document to the NRC’s Office of the pursuant to an order of the Commission,
Secretary that the participant will be General Counsel and any others who or the presiding officer. Participants are
submitting a request or petition for have advised the Office of the Secretary requested not to include personal
hearing (even in instances in which the that they wish to participate in the privacy information, such as social
participant, or its counsel or proceeding, so that the filer need not security numbers, home addresses, or
representative, already holds an NRC- serve the documents on those home phone numbers in their filings,
issued digital ID certificate). Based upon participants separately. Therefore, unless an NRC regulation or other law
this information, the Secretary will applicants and other participants (or requires submission of such
establish an electronic docket for the their counsel or representative) must information. However, in some
hearing in this proceeding if the apply for and receive a digital ID instances, a request to intervene will
Secretary has not already established an certificate before a hearing request/ require including information on local
electronic docket. petition to intervene is filed so that they residence in order to demonstrate a
Information about applying for a can obtain access to the document via proximity assertion of interest in the
digital ID certificate is available on the the E-Filing system. proceeding. With respect to copyrighted
NRC’s public Web site at http:// A person filing electronically using works, except for limited excerpts that
www.nrc.gov/site-help/e-submittals/ the NRC’s adjudicatory E-Filing system serve the purpose of the adjudicatory
getting-started.html. System may seek assistance by contacting the filings and would constitute a Fair Use
requirements for accessing the E- NRC Meta System Help Desk through application, participants are requested
Submittal server are detailed in the the ‘‘Contact Us’’ link located on the not to include copyrighted materials in
NRC’s ‘‘Guidance for Electronic NRC’s public Web site at http:// their submission.
Submission,’’ which is available on the www.nrc.gov/site-help/e- For further details with respect to this
agency’s public Web site at http:// submittals.html, by email to action, see the application for license
www.nrc.gov/site-help/e- MSHD.Resource@nrc.gov, or by a toll- amendment dated September 18, 2015.
submittals.html. Participants may free call at 1–866–672–7640. The NRC Attorney for licensee: Mr. M. Stanford
attempt to use other software not listed Meta System Help Desk is available Blanton, Balch & Bingham LLP, 1710
on the Web site, but should note that the between 8 a.m. and 8 p.m., Eastern Sixth Avenue North, Birmingham, AL
NRC’s E-Filing system does not support Time, Monday through Friday, 35203–2015.
unlisted software, and the NRC Meta excluding government holidays. NRC Branch Chief: Lawrence
System Help Desk will not be able to Participants who believe that they Burkhart.
offer assistance in using unlisted have a good cause for not submitting
Dated at Rockville, Maryland, this 1st day
software. documents electronically must file an
of October 2015.
If a participant is electronically exemption request, in accordance with
submitting a document to the NRC in 10 CFR 2.302(g), with their initial paper For the Nuclear Regulatory Commission.
accordance with the E-Filing rule, the filing requesting authorization to Lawrence Burkhart,
participant must file the document continue to submit documents in paper Chief, Licensing Branch 4, Division of New
using the NRC’s online, Web-based format. Such filings must be submitted Reactor Licensing, Office of New Reactors.
submission form. In order to serve by: (1) First class mail addressed to the [FR Doc. 2015–25688 Filed 10–7–15; 8:45 am]
documents through the Electronic Office of the Secretary of the BILLING CODE 7590–01–P
Information Exchange System, users Commission, U.S. Nuclear Regulatory
will be required to install a Web Commission, Washington, DC 20555–
browser plug-in from the NRC’s Web 0001, Attention: Rulemaking and SECURITIES AND EXCHANGE
site. Further information on the Web- Adjudications Staff; or (2) courier, COMMISSION
based submission form, including the express mail, or expedited delivery
installation of the Web browser plug-in, service to the Office of the Secretary, Proposed Collection; Comment
is available on the NRC’s public Web Sixteenth Floor, One White Flint North, Request
site at http://www.nrc.gov/site-help/e- 11555 Rockville Pike, Rockville,
Upon Written Request, Copies Available
submittals.html. Maryland, 20852, Attention:
Once a participant has obtained a From: Securities and Exchange
Rulemaking and Adjudications Staff.
digital ID certificate and a docket has Commission, Office of FOIA Services,
Participants filing a document in this
100 F Street NE., Washington, DC
mstockstill on DSK4VPTVN1PROD with NOTICES
been created, the participant can then manner are responsible for serving the
submit a request for hearing or petition 20549–2736.
document on all other participants.
for leave to intervene. Submissions Filing is considered complete by first- Extension: Rule 17Ad–11
should be in Portable Document Format class mail as of the time of deposit in [SEC File No. 270–261, OMB Control No.
(PDF) in accordance with NRC guidance the mail, or by courier, express mail, or 3235–0274]
available on the NRC’s public Web site expedited delivery service upon Notice is hereby given that, pursuant
at http://www.nrc.gov/site-help/e- depositing the document with the to the Paperwork Reduction Act of 1995
submittals.html. A filing is considered provider of the service. A presiding (44 U.S.C. 3501 et seq.) (‘‘PRA’’), the
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![Federal Register / Vol. 80, No. 195 / Thursday, October 8, 2015 / Notices 60941
Securities and Exchange Commission Written comments are invited on: (a) solicit comments on the proposed rule
(‘‘Commission’’) is soliciting comments Whether the proposed collection of change from interested persons.
on the existing collection of information information is necessary for the proper
I. Self-Regulatory Organization’s
provided for in Rule 17Ad–11 (17 CFR performance of the functions of the
Statement of the Terms of Substance of
240.17Ad–11) under the Securities Commission, including whether the
the Proposed Rule Change
Exchange Act of 1934 (15 U.S.C. 78a et information shall have practical utility;
seq.). The Commission plans to submit (b) the accuracy of the Commission’s The Exchange proposes to amend its
this existing collection of information to estimates of the burden of the proposed rules related to margin requirements.
the Office of Management and Budget collection of information; (c) ways to The text of the proposed rule change is
(‘‘OMB’’) for extension and approval. enhance the quality, utility, and clarity provided below.
Rule 17Ad–11 requires every of the information to be collected; and (additions are italicized; deletions are
registered recordkeeping transfer agent (d) ways to minimize the burden of the [bracketed])
to report to issuers and its appropriate collection of information on
regulatory agency in the event that the * * * * *
respondents, including through the use
aggregate market value of an aged record of automated collection techniques or Chicago Board Options Exchange,
difference exceeds certain thresholds. A other forms of information technology. Incorporated Rules
record difference occurs when an Consideration will be given to * * * * *
issuer’s records do not agree with those comments and suggestions submitted in
of securityholders as indicated, for Rule 12.3. Margin Requirements
writing within 60 days of this
instance, on certificates presented to the publication. (a)–(b) No change.
transfer agent for purchase, redemption (c) Customer Margin Account—Exception.
An agency may not conduct or The foregoing requirements are subject to the
or transfer. An aged record difference is sponsor, and a person is not required to following exceptions. Nothing in this
a record difference that has existed for respond to, a collection of information paragraph (c) shall prevent a broker-dealer
more than 30 calendar days. In addition, under the PRA unless it displays a from requiring margin from any account in
the rule requires every recordkeeping currently valid OMB number. excess of the amounts specified in these
transfer agent to report to its appropriate Please direct your written comments provisions.
regulatory agency in the event of a to: Pamela Dyson, Director/Chief (1)–(4) No change.
failure to post certificate detail to the Information Officer, Securities and (5) Initial and Maintenance Margin
master securityholder file within five Exchange Commission, c/o Remi Pavlik- Requirements on Short Options, Stock Index
business days of the time required by Warrants, Currency Index Warrants and
Simon, 100 F Street NE., Washington, Currency Warrants.
Rule 17Ad–10 (17 CFR 240.10). Also, a DC 20549, or send an email to: PRA_
transfer agent must maintain a copy of (A)–(B) No change.
Mailbox@sec.gov. (C) Related Securities Positions—Listed or
any report required under Rule 17Ad–
Dated: October 2, 2015. OTC Options. Unless otherwise specified,
11 for a period of not less than three margin must be deposited and maintained in
years following the date of the report, Brent J. Fields,
the following amounts for each of the
the first year in an easily accessible Secretary. following types of positions.
place. These recordkeeping [FR Doc. 2015–25600 Filed 10–7–15; 8:45 am] (1) No change.
requirements assist the Commission and BILLING CODE 8011–01–P (2) Covered Calls/Covered Puts.
other regulatory agencies with (a) No margin [need be]is required [in
monitoring transfer agents and ensuring respect of]for a[n] call (put) option contract[,
compliance with the rule. SECURITIES AND EXCHANGE stock index warrant, currency index warrant]
Because the information required by COMMISSION or [currency ]warrant carried in a short
Rule 17Ad–11 is already available to position [which is covered by] where there is
carried in the same account a long (short)
transfer agents, any collection burden [Release No. 34–76068; File No. SR–CBOE– position in equivalent units of the underlying
for small transfer agents is minimal. 2015–077] security[ in the case of a call, or a short
Based on a review of the number of Rule position in equivalent units of the underlying
17Ad–11 reports the Commission, the Self-Regulatory Organizations; security in the case of a put, provided,
Comptroller of the Currency, the Board Chicago Board Options Exchange, however, in computing margin on such
of Governors of the Federal Reserve Incorporated; Notice of Filing of a position in the underlying security, the
System, and the Federal Deposit Proposed Rule Change Relating To current market value to be used shall not be
Insurance Corporation received since Margin Requirements greater than the exercise price in the case of
2012, the Commission estimates that 10 a call. In the case of a put, in computing
respondents will file a total of October 2, 2015. margin on the underlying position, margin
Pursuant to section 19(b)(1) of the shall be the amount required by
approximately 12 reports annually. The
Securities Exchange Act of 1934 (the subparagraph (b)(2) of this Rule, plus the
Commission staff estimates that, on amount, if any, by which the exercise price
average, each report requires ‘‘Act’’),1 and Rule 19b–4 thereunder,2 of the put exceeds the current market value
approximately 30 minutes to prepare. notice is hereby given that on of the underlying].
Therefore, the Commission staff September 22, 2015, Chicago Board (b) No margin is required for[In respect of
estimates that the total annual hourly Options Exchange, Incorporated (the an] a call (put) index option contract or
burden to the entire transfer agent ‘‘Exchange’’ or ‘‘CBOE’’) filed with the warrant [on a market index ]carried in a short
industry is approximately six hours (30 Securities and Exchange Commission position[,] where there is carried in the same
account a long (short) position in an (i)
mstockstill on DSK4VPTVN1PROD with NOTICES
minutes x 12 reports). Assuming an (the ‘‘Commission’’) the proposed rule
average hourly rate of $25 for a transfer change as described in Items I, II, and underlying stock basket, (ii) index mutual
III below, which Items have been fund, (iii) IPR (as defined in Rule 1.1,
agent staff employee, the average total
Interpretation and Policy .02), or (iv) IPS (as
internal cost of the report is $12.50. The prepared by the Exchange. The defined in Rule 1.1, Interpretation and Policy
total annual internal cost of compliance Commission is publishing this notice to .03), that is based on the same index
for the approximated 10 respondents is underlying the index option or warrant and
approximately $150.00 (12 reports x 1 15 U.S.C. 78s(b)(1). having a market value at least equal to the
$12.50). 2 17 CFR 240.19b–4. aggregate current index value [subject to the
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Document Created: 2015-12-15 08:42:59
Document Modified: 2015-12-15 08:42:59
| 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 60940 |
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