80_FR_80670 80 FR 80423 - Proposed Collection; Comment Request

80 FR 80423 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 247 (December 24, 2015)

Page Range80423-80424
FR Document2015-32392

Federal Register, Volume 80 Issue 247 (Thursday, December 24, 2015) 
[Federal Register Volume 80, Number 247 (Thursday, December 24, 2015)]
[Notices]
[Pages 80423-80424]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-32392]


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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 17g-4; SEC File No. 270-566, OMB Control No. 3235-0627.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the existing 
collection of information provided for in Rule 17g-4 (17 CFR 240.17g-4) 
under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) 
(``Exchange Act''). The Commission plans to submit this existing 
collection of information to the Office of Management and Budget 
(``OMB'') for extension and approval.
    The Credit Rating Agency Reform Act of 2006 added a new section 
15E, ``Registration of Nationally Recognized Statistical Rating 
Organizations,'' \1\ to the Exchange Act. Pursuant to the authority 
granted under section 15E of the Exchange Act, the Commission adopted 
Rule 17g-4, which requires that a nationally recognized statistical 
rating organization (``NRSRO'') establish, maintain, and enforce 
written policies and procedures to prevent the misuse of material 
nonpublic information, including policies and procedures reasonably 
designed to prevent: (a) The inappropriate dissemination of material 
nonpublic information obtained in connection with the performance of 
credit rating services; (b) a person within the NRSRO from trading on 
material nonpublic information; and (c)

[[Page 80424]]

the inappropriate dissemination of a pending credit rating action.\2\
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    \1\ 15 U.S.C. 78o-7.
    \2\ See 17 CFR 240.17g-4; Release No. 34-55231 (Feb. 2, 2007), 
72 FR 6378 (Feb. 9, 2007); Release No. 34-55857 (June 5, 2007), 72 
FR 33564 (June 18, 2007).
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    There are 10 credit rating agencies registered with the Commission 
as NRSROs under section 15E of the Exchange Act, which have already 
established the policies and procedures required by Rule 17g-4. Based 
on staff experience, an NRSRO is estimated to spend an average of 
approximately 10 hours per year reviewing its policies and procedures 
regarding material nonpublic information and updating them (if 
necessary), resulting in an average industry-wide annual hour burden of 
approximately 100 hours.\3\
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    \3\ 10 currently registered NRSROs x 10 hours = 100 hours.
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    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.
    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid OMB control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to the PRA that does not display a 
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 St. NE., Washington, DC 20549 or send an email to: 
PRA_Mailbox@sec.gov.

    Dated: December 18, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-32392 Filed 12-23-15; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 247 / Thursday, December 24, 2015 / Notices 80423 proposed rule change contributes to (A) by order approve or disapprove should submit only information that OCC’s objective to have governance the proposed rule change, or you wish to make available publicly. All arrangements that are clear and (B) institute proceedings to determine submissions should refer to File transparent that: (i) fulfill the public whether the proposed rule change Number SR–OCC–2015–018 and should interest requirements, (ii) support the should be disapproved. be submitted on or before January objectives of OCC’s owners and The proposal shall not take effect 14,2016. participants; and, (iii) promote the until all regulatory actions required For the Commission, by the Division of effectiveness of OCC’s risk management with respect to the proposal are Trading and Markets, pursuant to delegated procedures, consistent with Rule 17Ad– completed. authority.7 22(d)(8), as the TC Charter further IV. Solicitation of Comments Robert W. Errett, delineates governance responsibilities Deputy Secretary. for Board-level committees, because the Interested persons are invited to submit written data, views and [FR Doc. 2015–32382 Filed 12–23–15; 8:45 am] TC Charter is made available to the public on OCC’s Web site and the TC arguments concerning the foregoing, BILLING CODE 8011–01–P Charter provides for a dedicated Board- including whether the proposed rule level committee that would reduce IT change is consistent with the Act. Comments may be submitted by any of SECURITIES AND EXCHANGE related risk at OCC.5 Finally, the COMMISSION proposed rule change is not inconsistent the following methods: with the existing rules of OCC, Electronic Comments Proposed Collection; Comment including any other rules proposed to be • Use the Commission’s Internet Request amended. comment form (http://www.sec.gov/ (B) Clearing Agency’s Statement on rules/sro.shtml); or Upon Written Request Copies Available Burden on Competition • Send an email to rule-comments@ From: Securities and Exchange sec.gov. Please include File Number SR– Commission, Office of FOIA Services, OCC does not believe that the 100 F Street NE., Washington, DC OCC–2015–018 on the subject line. proposed rule change would impose any 20549–2736. burden on competition.6 OCC’s Paper Comments Extension: adoption of the TC Charter would not • Send paper comments in triplicate Rule 17g–4; SEC File No. 270–566, OMB unfairly inhibit access to OCC’s services to Secretary, Securities and Exchange Control No. 3235–0627. or disadvantage or favor any particular Commission, 100 F Street NE., user in relationship to another user Washington, DC 20549–1090. Notice is hereby given that pursuant because it relates to the governance All submissions should refer to File to the Paperwork Reduction Act of 1995 structure of OCC, which affects all Number SR–OCC–2015–018. This file (44 U.S.C. 3501 et seq.) (‘‘PRA’’), the users, and does not relate directly to any number should be included on the Securities and Exchange Commission particular service or particular use of subject line if email is used. To help the (‘‘Commission’’) is soliciting comments OCC’s facilities. Commission process and review your on the existing collection of information For the foregoing reasons, OCC provided for in Rule 17g–4 (17 CFR comments more efficiently, please use believes that the proposed rule change 240.17g–4) under the Securities only one method. The Commission will is in the public interest, would be Exchange Act of 1934 (15 U.S.C. 78a et post all comments on the Commission’s consistent with the requirements of the seq.) (‘‘Exchange Act’’). The Internet Web site (http://www.sec.gov/ Act applicable to clearing agencies and Commission plans to submit this rules/sro.shtml). Copies of the would not impose a burden on existing collection of information to the submission, all subsequent competition. Office of Management and Budget amendments, all written statements (C) Clearing Agency’s Statement on with respect to the proposed rule (‘‘OMB’’) for extension and approval. Comments on the Proposed Rule change that are filed with the The Credit Rating Agency Reform Act Change Received From Members, Commission, and all written of 2006 added a new section 15E, Participants or Others communications relating to the ‘‘Registration of Nationally Recognized Written comments on the proposed proposed rule change between the Statistical Rating Organizations,’’ 1 to rule change were not and are not Commission and any person, other than the Exchange Act. Pursuant to the intended to be solicited with respect to those that may be withheld from the authority granted under section 15E of the proposed rule change and none have public in accordance with the the Exchange Act, the Commission been received. provisions of 5 U.S.C. 552, will be adopted Rule 17g–4, which requires that available for Web site viewing and a nationally recognized statistical rating III. Date of Effectiveness of the printing in the Commission’s Public organization (‘‘NRSRO’’) establish, Proposed Rule Change and Timing for Reference Room, 100 F Street NE., maintain, and enforce written policies Commission Action Washington, DC 20549 on official and procedures to prevent the misuse of Within 45 days of the date of business days between the hours of material nonpublic information, publication of this notice in the Federal 10:00 a.m. and 3:00 p.m. Copies of the including policies and procedures Register or within such longer period filing also will be available for reasonably designed to prevent: (a) The up to 90 days (i) as the Commission may inspection and copying at the principal inappropriate dissemination of material mstockstill on DSK4VPTVN1PROD with NOTICES designate if it finds such longer period office of OCC and on OCC’s Web site at: nonpublic information obtained in to be appropriate and publishes its http://www.optionsclearing.com/ connection with the performance of reasons for so finding or (ii) as to which components/docs/legal/rules_and_ credit rating services; (b) a person the self-regulatory organization bylaws/sr_occ_15_018.pdf. All within the NRSRO from trading on consents, the Commission will: comments received will be posted material nonpublic information; and (c) without change; the Commission does 5 17 CFR 240.17Ad–22(d)(8). not edit personal identifying 7 17 CFR 200.30–3(a)(12). 6 15 U.S.C. 78q–1(b)(3)(I). information from submissions. You 1 15 U.S.C. 78o–7. VerDate Sep<11>2014 17:57 Dec 23, 2015 Jkt 238001 PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 E:\FR\FM\24DEN1.SGM 24DEN1

80424 Federal Register / Vol. 80, No. 247 / Thursday, December 24, 2015 / Notices the inappropriate dissemination of a SECURITIES AND EXCHANGE eligible for the ‘‘piggyback’’ exception of pending credit rating action.2 COMMISSION Exchange Act Rule 15c2–11(f)(3). It appears to the Commission that There are 10 credit rating agencies there is a lack of current and accurate registered with the Commission as [File No. 500–1] information concerning the securities of NRSROs under section 15E of the HIP Energy Corporation (‘‘HIPCF’’) (CIK Exchange Act, which have already Bravo Resource Partners, Ltd., First Potash Corp., HIP Energy Corporation, No. 1123839), a British Columbia established the policies and procedures corporation located in West Vancouver, required by Rule 17g–4. Based on staff Musgrove Minerals Corp., and Starcore International Ventures Ltd. (a/k/a BC, Canada with a class of securities experience, an NRSRO is estimated to registered with the Commission Starcore International Mines Ltd.); spend an average of approximately 10 pursuant to Exchange Act Section 12(g) Order of Suspension of Trading hours per year reviewing its policies because it is delinquent in its periodic and procedures regarding material December 22, 2015. filings with the Commission, having not nonpublic information and updating It appears to the Commission that filed any periodic reports since it filed them (if necessary), resulting in an there is a lack of current and accurate a Form 20–F for the period ended average industry-wide annual hour information concerning the securities of November 30, 2011. On April 15, 2014, burden of approximately 100 hours.3 Bravo Resource Partners, Ltd. Corporation Finance sent a delinquency Written comments are invited on: (a) (‘‘BRPNF’’) (CIK No. 1116137), a Yukon letter to HIPCF requesting compliance corporation located in Englewood, with its periodic filing requirements but Whether the proposed collection of Colorado with a class of securities HIPCF did not receive the delinquency information is necessary for the proper letter due to its failure to maintain a performance of the functions of the registered with the Commission pursuant to Exchange Act Section 12(g) valid address on file with the Commission, including whether the Commission as required by Commission information shall have practical utility; because it is delinquent in its periodic filings with the Commission, having not rules (Rule 301 of Regulation S–T, 17 (b) the accuracy of the Commission’s CFR 232.301 and Section 5.4 of EDGAR filed any periodic reports since it filed estimates of the burden of the proposed Filer Manual). As of December 9, 2015, a Form 10–Q for the period ended collection of information; (c) ways to the common shares of HIPCF were October 31, 2011. On April 22, 2015, enhance the quality, utility, and clarity quoted on OTC Link, had four market Corporation Finance sent a delinquency of the information on respondents; and letter to BRPNF requesting compliance makers, and were eligible for the (d) ways to minimize the burden of the with its periodic filing requirements but ‘‘piggyback’’ exception of Exchange Act collection of information on BRPNF did not receive the delinquency Rule 15c2–11(f)(3). respondents, including through the use It appears to the Commission that letter due to its failure to maintain a of automated collection techniques or there is a lack of current and accurate valid address on file with the other forms of information technology. information concerning the securities of Commission as required by Commission Consideration will be given to Musgrove Minerals Corp. (‘‘MGSGF’’) rules (Rule 301 of Regulation S–T, 17 comments and suggestions submitted in (CIK No. 1396368), a British Columbia CFR 232.301 and Section 5.4 of EDGAR writing within 60 days of this corporation located in Vancouver, Filer Manual). As of December 9, 2015, British Columbia, Canada with a class of publication. the common stock of BRPNF was quoted securities registered with the The Commission may not conduct or on OTC Link, had two market makers, Commission pursuant to Exchange Act sponsor a collection of information and was eligible for the ‘‘piggyback’’ Section 12(g) because it is delinquent in unless it displays a currently valid OMB exception of Exchange Act Rule 15c2– its periodic filings with the control number. No person shall be 11(f)(3). Commission, having not filed any subject to any penalty for failing to It appears to the Commission that periodic reports since it filed a Form comply with a collection of information there is a lack of current and accurate 20–F for the period ended November 30, subject to the PRA that does not display information concerning the securities of 2007. On April 28, 2015, Corporation a valid OMB control number. First Potash Corp. (‘‘SALTF’’) (CIK No. Finance sent a delinquency letter to 1490078), a British Columbia MGSGF requesting compliance with its Please direct your written comments corporation located in Tucson, Arizona periodic filing requirements but MGSGF to: Pamela Dyson, Director/Chief with a class of securities registered with did not receive the delinquency letter Information Officer, Securities and the Commission pursuant to Exchange due to its failure to maintain a valid Exchange Commission, c/o Remi Pavlik- Act Section 12(g) because it is address on file with the Commission as Simon, 100 F St. NE., Washington, DC delinquent in its periodic filings with required by Commission rules (Rule 301 20549 or send an email to: PRA_ the Commission, having not filed any of Regulation S–T, 17 CFR 232.301 and Mailbox@sec.gov. periodic reports since it filed a Form Section 5.4 of EDGAR Filer Manual). As Dated: December 18, 2015. 20–F for the period ended February 29, of December 9, 2015, the common 2012. On April 28, 2015, Corporation shares of MGSGF were quoted on OTC Robert W. Errett, Finance sent a delinquency letter to Link, had four market makers, and were Deputy Secretary. SALTF requesting compliance with its eligible for the ‘‘piggyback’’ exception of [FR Doc. 2015–32392 Filed 12–23–15; 8:45 am] periodic filing requirements but SALTF Exchange Act Rule 15c2–11(f)(3). BILLING CODE 8011–01–P did not receive the delinquency letter It appears to the Commission that mstockstill on DSK4VPTVN1PROD with NOTICES due to its failure to maintain a valid there is a lack of current and accurate address on file with the Commission as information concerning the securities of 2 See 17 CFR 240.17g–4; Release No. 34–55231 required by Commission rules (Rule 301 Starcore International Ventures Ltd. (a/ (Feb. 2, 2007), 72 FR 6378 (Feb. 9, 2007); Release of Regulation S–T, 17 CFR 232.301 and k/a Starcore International Mines Ltd.) No. 34–55857 (June 5, 2007), 72 FR 33564 (June 18, Section 5.4 of EDGAR Filer Manual). As (‘‘SHVLF’’) (CIK No. 1301713), a British 2007). of December 9, 2015, the common Columbia corporation located in 3 10 currently registered NRSROs × 10 hours = shares of SALTF were quoted on OTC Vancouver, British Columbia, Canada 100 hours. Link, had four market makers, and were with a class of securities registered with VerDate Sep<11>2014 17:57 Dec 23, 2015 Jkt 238001 PO 00000 Frm 00113 Fmt 4703 Sfmt 4703 E:\FR\FM\24DEN1.SGM 24DEN1


Document Created: 2015-12-24 02:25:21
Document Modified: 2015-12-24 02:25:21
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation80 FR 80423 
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