80 FR 67464 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 211 (November 2, 2015)

Page Range		67464-67464
FR Document		2015-27801

Federal Register, Volume 80 Issue 211 (Monday, November 2, 2015)

[Federal Register Volume 80, Number 211 (Monday, November 2, 2015)]
[Notices]
[Page 67464]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-27801]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; 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:
    Regulation R, Rule 701; SEC File No. 270-562, OMB Control No. 
3235-0624.

    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'') has submitted to the Office of Management 
and Budget (``OMB'') a request for approval of extension of the 
previously approved collection of information provided for in 
Regulation R, Rule 701 (17 CFR 247.701) under the Securities Exchange 
Act of 1934 (15 U.S.C. 78a et seq.).
    Regulation R, Rule 701 requires a broker or dealer (as part of a 
written agreement between the bank and the broker or dealer) to notify 
the bank if the broker or dealer makes certain determinations regarding 
the financial status of the customer, a bank employee's statutory 
disqualification status, and compliance with suitability or 
sophistication standards.
    The Commission estimates that brokers or dealers would, on average, 
notify 1,000 banks approximately two times annually about a 
determination regarding a customer's high net worth or institutional 
status or suitability or sophistication standing as well as a bank 
employee's statutory disqualification status. Based on these estimates, 
the Commission anticipates that Regulation R, Rule 701 would result in 
brokers or dealers making approximately 2,000 notifications to banks 
per year. The Commission further estimates (based on the level of 
difficulty and complexity of the applicable activities) that a broker 
or dealer would spend approximately 15 minutes per notice to a bank. 
Therefore, the estimated total annual third party disclosure burden for 
the requirements in Regulation R, Rule 701 is 500 \1\ hours for brokers 
or dealers.
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    \1\ (2000 notices x 15 minutes) = 30,000 minutes/60 minutes = 
500 hours.
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    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 OMB control number.
    The public may view background documentation for this information 
collection at the following Web site: www.reginfo.gov. Comments should 
be directed to: (i) Desk Officer for the Securities and Exchange 
Commission, Office of Information and Regulatory Affairs, Office of 
Management and Budget, Room 10102, New Executive Office Building, 
Washington, DC 20503 or by sending an email to: 
[email protected]; and (ii) Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or by sending an 
email to [email protected]. Comments must be submitted to OMB within 
30 days of this notice.

    Dated: October 27, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-27801 Filed 10-30-15; 8:45 am]
 BILLING CODE 8011-01-P

67464 Federal Register / Vol. 80, No. 211 / Monday, November 2, 2015 / Notices

Paper Comments Regulation R, Rule 701; SEC File No. 270– Commission, c/o Remi Pavlik-Simon,
562, OMB Control No. 3235–0624. 100 F Street NE., Washington, DC
• Send paper comments in triplicate 20549, or by sending an email to PRA_
Notice is hereby given that pursuant
to Secretary, Securities and Exchange Mailbox@sec.gov. Comments must be
to the Paperwork Reduction Act of 1995
Commission, 100 F Street NE., submitted to OMB within 30 days of
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
Washington, DC 20549–1090. this notice.
Securities and Exchange Commission
All submissions should refer to File (‘‘Commission’’) has submitted to the Dated: October 27, 2015.
Number SR–C2–2015–026. This file Office of Management and Budget Robert W. Errett,
number should be included on the (‘‘OMB’’) a request for approval of Deputy Secretary.
subject line if email is used. To help the extension of the previously approved
[FR Doc. 2015–27801 Filed 10–30–15; 8:45 am]
Commission process and review your collection of information provided for in
BILLING CODE 8011–01–P
comments more efficiently, please use Regulation R, Rule 701 (17 CFR 247.701)
only one method. The Commission will under the Securities Exchange Act of
post all comments on the Commission’s 1934 (15 U.S.C. 78a et seq.). SECURITIES AND EXCHANGE
Internet Web site (http://www.sec.gov/ Regulation R, Rule 701 requires a
COMMISSION
rules/sro.shtml). Copies of the broker or dealer (as part of a written
submission, all subsequent agreement between the bank and the [Release No. 34–76282; File No. SR–CBOE–
amendments, all written statements broker or dealer) to notify the bank if the 2015–092]
with respect to the proposed rule broker or dealer makes certain
change that are filed with the determinations regarding the financial Self-Regulatory Organizations;
status of the customer, a bank Chicago Board Options Exchange,
Commission, and all written
employee’s statutory disqualification Incorporated; Notice of Filing and
communications relating to the
status, and compliance with suitability Immediate Effectiveness of Proposed
proposed rule change between the
or sophistication standards. Rule Change To Amend the Certificate
Commission and any person, other than
The Commission estimates that of Incorporation and Bylaws of its
those that may be withheld from the
brokers or dealers would, on average, Parent Company
public in accordance with the
provisions of 5 U.S.C. 552, will be notify 1,000 banks approximately two October 27, 2015.
available for Web site viewing and times annually about a determination Pursuant to Section 19(b)(1) of the
printing in the Commission’s Public regarding a customer’s high net worth or Securities Exchange Act of 1934
Reference Room, 100 F Street NE., institutional status or suitability or (‘‘Act’’),1 and Rule 19b–4 thereunder,2
Washington, DC 20549, on official sophistication standing as well as a notice is hereby given that, on October
business days between the hours of bank employee’s statutory 23, 2015, Chicago Board Options
10:00 a.m. and 3:00 p.m. Copies of the disqualification status. Based on these Exchange, Incorporated (the ‘‘Exchange’’
filing also will be available for estimates, the Commission anticipates or ‘‘CBOE’’) filed with the Securities
inspection and copying at the principal that Regulation R, Rule 701 would result and Exchange Commission
office of the Exchange. All comments in brokers or dealers making (‘‘Commission’’) the proposed rule
received will be posted without change; approximately 2,000 notifications to change as described in Items I, II, and
the Commission does not edit personal banks per year. The Commission further III below, which Items have been
identifying information from estimates (based on the level of prepared by the Exchange. The
submissions. You should submit only difficulty and complexity of the Commission is publishing this notice to
information that you wish to make applicable activities) that a broker or solicit comments on the proposed rule
available publicly. All submissions dealer would spend approximately 15 change from interested persons.
should refer to File Number SR–C2– minutes per notice to a bank. Therefore,
the estimated total annual third party I. Self-Regulatory Organization’s
2015–026 and should be submitted on Statement of the Terms of Substance of
or before November 23, 2015. disclosure burden for the requirements
in Regulation R, Rule 701 is 500 1 hours the Proposed Rule Change
For the Commission, by the Division of for brokers or dealers. The Exchange proposes to amend the
Trading and Markets, pursuant to delegated
An agency may not conduct or certificate of incorporation and bylaws
authority.13
sponsor, and a person is not required to of its parent Company, CBOE Holdings,
Robert W. Errett,
respond to, a collection of information Inc. (‘‘CBOE Holdings’’). The text of the
Deputy Secretary. unless it displays a currently valid OMB proposed rule change is available on the
[FR Doc. 2015–27798 Filed 10–30–15; 8:45 am] control number. Exchange’s Web site (http://
BILLING CODE 8011–01–P The public may view background www.cboe.com/AboutCBOE/
documentation for this information CBOELegalRegulatoryHome.aspx), at
collection at the following Web site: the Exchange’s Office of the Secretary,
SECURITIES AND EXCHANGE www.reginfo.gov. Comments should be and at the Commission’s Public
COMMISSION directed to: (i) Desk Officer for the Reference Room.
Securities and Exchange Commission,
Submission for OMB Review; Office of Information and Regulatory II. Self-Regulatory Organization’s
Comment Request Affairs, Office of Management and Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
asabaliauskas on DSK5VPTVN1PROD with NOTICES

Upon Written Request Copies Available Budget, Room 10102, New Executive
Office Building, Washington, DC 20503 Change
From: Securities and Exchange
Commission, Office of FOIA Services, or by sending an email to: Shagufta_ In its filing with the Commission, the
100 F Street NE., Washington, DC Ahmed@comb.eop.gov; and (ii) Pamela Exchange included statements
20549–2736. Dyson, Director/Chief Information concerning the purpose of and basis for
Officer, Securities and Exchange the proposed rule change and discussed
Extension:
1 (2000 notices × 15 minutes) = 30,000 minutes/ 1 15 U.S.C. 78s(b)(1).
13 17 CFR 200.30–3(a)(12). 60 minutes = 500 hours. 2 17 CFR 240.19b–4.

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Document Created: 2018-03-01 11:30:56
Document Modified: 2018-03-01 11:30:56

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 67464