80 FR 77398 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 239 (December 14, 2015)

Page Range		77398-77398
FR Document		2015-31358

Federal Register, Volume 80 Issue 239 (Monday, December 14, 2015)

[Federal Register Volume 80, Number 239 (Monday, December 14, 2015)]
[Notices]
[Page 77398]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-31358]


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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:
    Form T-3; OMB Control No. 3235-0105, SEC File No. 270-123.

    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 
(``Commission'') has submitted to the Office of Management and Budget 
this request for extension of the previously approved collections of 
information discussed below.
    Form T-3 (17 CFR 269.3) is an application for qualification of an 
indenture under the Trust Indenture Act of 1939 (15 U.S.C. 77aaa et 
seq.). The information provided under Form T-3 is used by the 
Commission to determine whether to qualify an indenture relating to an 
offering of debt securities that is not required to be registered under 
the Securities Act of 1933 (15 U.S.C. 77a et seq.). Form T-3 is filed 
on occasion. The information required by Form T-3 is mandatory. This 
information is publicly available on EDGAR. Form T-3 takes 
approximately 43 hours per response to prepare and is filed by 
approximately 12 respondents. We estimate that 25% of the 43 hours per 
response (11 hours) is prepared by the filer for a total annual 
reporting burden of 132 hours (11 hours per response x 12 responses).
    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 control number.
    The public may view the 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 send an email 
to: [email protected]. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: December 8, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-31358 Filed 12-11-15; 8:45 am]
 BILLING CODE 8011-01-P

77398 Federal Register / Vol. 80, No. 239 / Monday, December 14, 2015 / Notices

and obtain board approval of a Program with the information collection Commission, Office of FOIA Services,
and train staff is 16,820 hours. Thus, the requirements thereunder, is mandatory 100 F Street NE., Washington, DC
total initial estimated burden for all for each SEC-regulated entity that 20549–2736.
newly-formed SEC-regulated entities is qualifies as a ‘‘financial institution’’ or Extension:
18,108 hours (1,288 hours + 16,820 ‘‘creditor’’ under Regulation S–ID (as Form T–3; OMB Control No. 3235–0105,
hours). discussed above, certain collections of SEC File No. 270–123.
With respect to ongoing annual information under Regulation S–ID are
burden hours, SEC staff estimates that mandatory only for financial Notice is hereby given that pursuant
each financial institution or creditor institutions or creditors that offer or to the Paperwork Reduction Act of 1995
would incur a burden of 1 hour to maintain covered accounts). Responses (44 U.S.C. 3501 et seq.) the Securities
periodically assess whether it offers or will not be kept confidential. An agency and Exchange Commission
maintains covered accounts. Staff may not conduct or sponsor, and a (‘‘Commission’’) has submitted to the
estimates that there are approximately person is not required to respond to, a Office of Management and Budget this
9,960 SEC-regulated entities that are collection of information unless it request for extension of the previously
either financial institutions or creditors, displays a currently valid control approved collections of information
and the total estimated annual burden to number. discussed below.
periodically assess covered accounts is Written comments are invited on: (i) Form T–3 (17 CFR 269.3) is an
therefore 9,960 hours. Staff also Whether the proposed collection of application for qualification of an
estimates that each financial institution information is necessary for the proper indenture under the Trust Indenture Act
or creditor that maintains covered performance of the functions of the of 1939 (15 U.S.C. 77aaa et seq.). The
accounts would incur an additional agency, including whether the information provided under Form T–3
annual burden of 9.5 hours to prepare information will have practical utility; is used by the Commission to determine
and present an annual report to the (ii) the accuracy of the agency’s estimate whether to qualify an indenture relating
board and to periodically review and of the burden of the collection of to an offering of debt securities that is
update the Program. Staff estimates that information; (iii) ways to enhance the not required to be registered under the
there are approximately 8,964 SEC- quality, utility, and clarity of the Securities Act of 1933 (15 U.S.C. 77a et
regulated entities that are financial information collected; and (iv) ways to seq.). Form T–3 is filed on occasion. The
institutions or creditors that offer or minimize the burden of the collection of information required by Form T–3 is
maintain covered accounts, and thus the information on respondents, including mandatory. This information is publicly
total estimated additional annual through the use of automated collection available on EDGAR. Form T–3 takes
burden for these entities is 85,158 techniques or other forms of information approximately 43 hours per response to
hours. Thus, the total ongoing annual technology. Consideration will be given prepare and is filed by approximately 12
estimated burden for all SEC-regulated to comments and suggestions submitted respondents. We estimate that 25% of
entities is 95,118 hours (9,960 hours + in writing within 60 days of this the 43 hours per response (11 hours) is
85,158 hours). publication. prepared by the filer for a total annual
The collections of information Please direct your written comments reporting burden of 132 hours (11 hours
required by section 248.202 under to Pamela Dyson, Director/Chief per response × 12 responses).
Regulation S–ID will apply only to SEC- Information Officer, Securities and
regulated entities that issue credit or Exchange Commission, C/O Remi An agency may not conduct or
debit cards. SEC staff understands that Pavlik-Simon, 100 F Street NE., sponsor, and a person is not required to
SEC-regulated entities generally do not Washington, DC 20549; or send an email respond to, a collection of information
issue credit or debit cards, but instead to: PRA_Mailbox@sec.gov. unless it displays a currently valid
partner with other entities, such as All submissions should refer to File control number.
banks, that issue cards on their behalf. Number 270–644. This file number The public may view the background
These other entities, which are not should be included on the subject line documentation for this information
regulated by the SEC, are already subject if email is used. The Commission will collection at the following Web site,
to substantially similar change of post all comments on the Commission’s www.reginfo.gov. Comments should be
address obligations pursuant to other Internet Web site (http://www.sec.gov). directed to: (i) Desk Officer for the
federal regulators’ identity theft red All comments received will be posted Securities and Exchange Commission,
flags rules. Therefore, staff does not without change; we do not edit personal Office of Information and Regulatory
expect that any SEC-regulated entities identifying information from Affairs, Office of Management and
will be subject to the information submissions. You should submit only Budget, Room 10102, New Executive
collection requirements of section information that you wish to make Office Building, Washington, DC 20503,
248.202, and accordingly, staff estimates available publicly. or by sending an email to:
that there is no hour burden related to Dated: December 8, 2015. Shagufta_Ahmed@omb.eop.gov; and (ii)
section 248.202 for SEC-regulated Pamela Dyson, Director/Chief
Brent J. Fields,
entities. Information Officer, Securities and
In total, SEC staff estimates that the Secretary.
Exchange Commission, c/o Remi Pavlik-
aggregate annual information collection [FR Doc. 2015–31361 Filed 12–11–15; 8:45 am]
Simon, 100 F Street NE., Washington,
burden of Regulation S–ID is 113,226 BILLING CODE 8011–01–P
DC 20549 or send an email to:
hours (18,108 hours + 95,118 hours). PRA_Mailbox@sec.gov. Comments must
mstockstill on DSK4VPTVN1PROD with NOTICES

This estimate of burden hours is made be submitted to OMB within 30 days of
solely for the purposes of the Paperwork SECURITIES AND EXCHANGE
COMMISSION this notice.
Reduction Act and is not derived from
a quantitative, comprehensive, or even Dated: December 8, 2015.
Submission for OMB Review; Brent J. Fields,
representative survey or study of the
Comment Request Secretary.
burdens associated with Commission
rules and forms. Compliance with Upon Written Request Copies Available [FR Doc. 2015–31358 Filed 12–11–15; 8:45 am]
Regulation S–ID, including compliance From: Securities and Exchange BILLING CODE 8011–01–P

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Document Created: 2015-12-14 13:47:23
Document Modified: 2015-12-14 13:47:23

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 77398