81 FR 12762 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 47 (March 10, 2016)

Page Range		12762-12762
FR Document		2016-05329

Federal Register, Volume 81 Issue 47 (Thursday, March 10, 2016)

[Federal Register Volume 81, Number 47 (Thursday, March 10, 2016)]
[Notices]
[Page 12762]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-05329]


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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: Appendix F to Rule 15c3-1;
    SEC File No. 270-440, OMB Control No. 3235-0496.

    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'') 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 
Appendix F to Rule 15c3-1 (``Appendix F'' or ``Rule 15c3-1f'') (17 CFR 
240.15c3-1f) under the Securities Exchange Act of 1934 (15 U.S.C. 78a 
et seq.).
    Appendix F requires a broker-dealer choosing to register, upon 
Commission approval, as an OTC derivatives dealer to develop and 
maintain an internal risk management system based on Value-at-Risk 
(``VaR'') models. It is anticipated that a total of one (1) broker-
dealer registering as an OTC derivatives dealer will spend 1,000 hours 
on a one-time basis complying with the system development requirements 
of Rule 15c3-1f, for an estimated one-time initial startup burden of 
approximately 1,000 hours. Appendix F also requires the OTC derivatives 
dealer to maintain its system model according to certain prescribed 
standards. It is anticipated that the four (4) OTC derivatives dealers 
currently registered with the Commission will each spend 1,000 hours 
per year maintaining the system model required by Rule 15c3-1f, for an 
estimated recurring annual burden of approximately 4,000 hours. It is 
anticipated that the one (1) broker-dealer registering as an OTC 
derivatives dealer will spend 1,000 hours maintaining the system model 
required by Rule 15c3-1f in each year following its registration. Thus, 
the total industry-wide burden is estimated to be approximately 5,000 
hours (4,000 hours + 1,000 hours) for the first year and 5,000 hours 
for each subsequent year.\1\
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    \1\ The Commission estimates that a total of five entities will 
be registered as OTC derivatives dealers at the end of the next 
three years, consisting of the four current OTC derivatives dealers 
and one anticipated registrant. This is in contrast with the prior 
estimate of eight OTC derivatives dealers, consisting of four 
current OTC derivatives dealers and four anticipated registrants.
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    The records required to be kept pursuant to Appendix F and results 
of periodic reviews conducted pursuant to Rule 15c3-4 generally must be 
preserved under Rule 17a-4 of the Exchange Act (17 CFR 240.17a-4) for a 
period of not less than three years, the first two years in an easily 
accessible place. The Commission will not generally publish or make 
available to any person notices or reports received pursuant to the 
Rule. The statutory basis for the Commission's refusal to disclose such 
information to the public is the exemption contained in Section (b)(4) 
of the Freedom of Information Act (5 U.S.C. 552), which essentially 
provides that the requirement of public dissemination does not apply to 
commercial or financial information which is privileged or 
confidential.
    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.
    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 St NE., Washington, DC 20549 or send an email to 
[email protected]. Comments must be submitted to OMB within 30 days 
of this notice.

    Dated: March 4, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-05329 Filed 3-9-16; 8:45 am]
 BILLING CODE 8011-01-P

12762 Federal Register / Vol. 81, No. 47 / Thursday, March 10, 2016 / Notices

oversight program. An agency may not F’’ or ‘‘Rule 15c3–1f’’) (17 CFR respond to, a collection of information
conduct or sponsor, and a person is not 240.15c3–1f) under the Securities under the PRA unless it displays a
required to respond to, a collection of Exchange Act of 1934 (15 U.S.C. 78a et currently valid OMB control number.
information unless it displays a seq.). The public may view background
currently valid control number. Appendix F requires a broker-dealer documentation for this information
The respondents to this information choosing to register, upon Commission collection at the following Web site,
collection are investment advisers approval, as an OTC derivatives dealer www.reginfo.gov. Comments should be
registered with the Commission. Our to develop and maintain an internal risk directed to: (i) Desk Officer for the
latest data indicate that there were management system based on Value-at- Securities and Exchange Commission,
12,026 advisers registered with the Risk (‘‘VaR’’) models. It is anticipated Office of Information and Regulatory
Commission as of November 1, 2015. that a total of one (1) broker-dealer Affairs, Office of Management and
The Commission has estimated that registering as an OTC derivatives dealer Budget, Room 10102, New Executive
compliance with rule 206(4)–7 imposes will spend 1,000 hours on a one-time Office Building, Washington, DC 20503,
an annual burden of approximately 87 basis complying with the system or by sending an email to: Shagufta_
hours per respondent. Based on this development requirements of Rule Ahmed@omb.eop.gov; and (ii) Pamela
figure, the Commission estimates a total 15c3–1f, for an estimated one-time Dyson, Director/Chief Information
annual burden of 1,046,262 hours for initial startup burden of approximately Officer, Securities and Exchange
this collection of information. 1,000 hours. Appendix F also requires Commission, c/o Remi Pavlik-Simon,
The public may view the background the OTC derivatives dealer to maintain 100 F St NE., Washington, DC 20549 or
documentation for this information its system model according to certain send an email to PRA_Mailbox@sec.gov.
collection at the following Web site, prescribed standards. It is anticipated Comments must be submitted to OMB
www.reginfo.gov. Comments should be that the four (4) OTC derivatives dealers within 30 days of this notice.
directed to: (i) Desk Officer for the currently registered with the Dated: March 4, 2016.
Securities and Exchange Commission, Commission will each spend 1,000 Brent J. Fields,
Office of Information and Regulatory hours per year maintaining the system Secretary.
Affairs, Office of Management and model required by Rule 15c3–1f, for an
[FR Doc. 2016–05329 Filed 3–9–16; 8:45 am]
Budget, Room 10102, New Executive estimated recurring annual burden of
BILLING CODE 8011–01–P
Office Building, Washington, DC 20503, approximately 4,000 hours. It is
or by sending an email to: Shagufta_ anticipated that the one (1) broker-
Ahmed@omb.eop.gov; and (ii) Pamela dealer registering as an OTC derivatives SECURITIES AND EXCHANGE
Dyson, Director/Chief Information dealer will spend 1,000 hours COMMISSION
Officer, Securities and Exchange maintaining the system model required
Commission, c/o Remi Pavlik-Simon, by Rule 15c3–1f in each year following [Release No. 34–77293; File No. SR–
its registration. Thus, the total industry- NYSEMKT–2016–34]
100 F Street NE., Washington, DC 20549
or send an email to: PRA_Mailbox@ wide burden is estimated to be Self-Regulatory Organizations; NYSE
sec.gov. Comments must be submitted to approximately 5,000 hours (4,000 hours MKT LLC; Notice of Filing and
OMB within 30 days of this notice. + 1,000 hours) for the first year and Immediate Effectiveness of Proposed
Dated: March 4, 2016. 5,000 hours for each subsequent year.1 Change To Modify the NYSE Amex
The records required to be kept
Brent J. Fields, Options Fee Schedule Relating to
pursuant to Appendix F and results of
Secretary. ByRDs Transaction Fees
periodic reviews conducted pursuant to
[FR Doc. 2016–05331 Filed 3–9–16; 8:45 am] Rule 15c3–4 generally must be March 4, 2016.
BILLING CODE 8011–01–P preserved under Rule 17a–4 of the Pursuant to Section 19(b)(1) 1 of the
Exchange Act (17 CFR 240.17a–4) for a Securities Exchange Act of 1934 (the
period of not less than three years, the ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
SECURITIES AND EXCHANGE first two years in an easily accessible notice is hereby given that, on March 1,
COMMISSION place. The Commission will not 2016, NYSE MKT LLC (the ‘‘Exchange’’
generally publish or make available to or ‘‘NYSE MKT’’) filed with the
Submission for OMB Review;
any person notices or reports received Securities and Exchange Commission
Comment Request
pursuant to the Rule. The statutory basis (the ‘‘Commission’’) the proposed rule
Upon Written Request, Copies Available for the Commission’s refusal to disclose change as described in Items I, II, and
From: Securities and Exchange such information to the public is the III below, which Items have been
Commission, Office of FOIA Services, exemption contained in Section (b)(4) of prepared by the self-regulatory
100 F Street NE., Washington, DC the Freedom of Information Act (5 organization. The Commission is
20549–2736. U.S.C. 552), which essentially provides publishing this notice to solicit
Extension: Appendix F to Rule 15c3–1; that the requirement of public comments on the proposed rule change
SEC File No. 270–440, OMB Control No. dissemination does not apply to from interested persons.
3235–0496. commercial or financial information I. Self-Regulatory Organization’s
which is privileged or confidential. Statement of the Terms of the Substance
Notice is hereby given that, pursuant An agency may not conduct or
to the Paperwork Reduction Act of 1995 of the Proposed Rule Change
sponsor, and a person is not required to
mstockstill on DSK4VPTVN1PROD with NOTICES

(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the The Exchange proposes to modify the
Securities and Exchange Commission 1 The Commission estimates that a total of five NYSE Amex Options Fee Schedule
(‘‘Commission’’) has submitted to the entities will be registered as OTC derivatives (‘‘Fee Schedule’’) to address how the
Office of Management and Budget dealers at the end of the next three years, consisting Exchange would treat transactions in
(‘‘OMB’’) a request for approval of of the four current OTC derivatives dealers and one
anticipated registrant. This is in contrast with the
extension of the previously approved prior estimate of eight OTC derivatives dealers,
1 15U.S.C. 78s(b)(1).
collection of information provided for in consisting of four current OTC derivatives dealers 2 15U.S.C. 78a.
Appendix F to Rule 15c3–1 (‘‘Appendix and four anticipated registrants. 3 CFR 240.19b–4.

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Document Created: 2018-02-02 15:12:15
Document Modified: 2018-02-02 15:12:15

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		81 FR 12762