81 FR 37231 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 111 (June 9, 2016)

Page Range		37231-37232
FR Document		2016-13618

Federal Register, Volume 81 Issue 111 (Thursday, June 9, 2016)

[Federal Register Volume 81, Number 111 (Thursday, June 9, 2016)]
[Notices]
[Pages 37231-37232]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-13618]


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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 155; SEC File No. 270-492, OMB Control No. 3235-0549.


[[Page 37232]]


    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'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
    Rule 155 (17 CFR 230.155) under the Securities Act of 1933 (15 
U.S.C. 77a et seq.) provides safe harbors for a registered offering of 
securities following an abandoned private offering, or a private 
offering following an abandoned registered offering, without 
integrating the registered and private offerings in either case. In 
connection with a registered offering following an abandoned private 
offering, Rule 155 requires an issuer to include in any prospectus 
filed as a part of a registration statement disclosure regarding the 
abandoned the private offering. Similarly, the rule requires an issuer 
to provide each offeree in a private offering following an abandoned 
registered offering with: (1) Information concerning the withdrawal of 
the registration statement; (2) the fact that the private offering is 
unregistered; and (3) the legal implications of the offering's 
unregistered status. We estimate Rule 155 takes approximately 4 hours 
per response to prepare and is filed by 600 respondents annually.
    We estimate that 50% of the 4 hours per response (2 hours per 
response) is prepared by the filer for a total annual reporting burden 
of 1,200 hours (2 hours per response x 600 responses).
    Written comments are invited on: (a) Whether this proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden imposed by the collection of information; (c) ways to 
enhance the quality, utility, and clarity of the information 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 unless it displays a 
currently valid 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 Street NE., Washington, DC 20549 or send an email 
to: [email protected].

    Dated: June 3, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-13618 Filed 6-8-16; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 81, No. 111 / Thursday, June 9, 2016 / Notices 37231

clearance and settlement of securities solicitation. The Notice takes Management and Budget for extension
transactions. approximately 0.25 hours per response and approval.
and is filed by approximately 4 Form S–8 (17 CFR 239.16b) under the
III. Conclusion Securities Act of 1933 (15 U.S.C. 77a et
respondents for a total of one annual
On the basis of the foregoing, the burden hour (0.25 hours per response × seq.) is the primary registration
Commission finds that the proposal is 4 response). statement used by eligible registrants to
consistent with the requirements of the Written comments are invited on: (a) register securities to be issued in
Act and in particular with the Whether this proposed collection of connection with an employee benefit
requirements of Section 17A of the information is necessary for the proper plan. We estimate that Form S–8 takes
Act 13 and the rules and regulations performance of the functions of the approximately 24 hours per response to
thereunder. agency, including whether the prepare and is filed by approximately
It is therefore ordered, pursuant to 2,140 respondents. In addition, we
information will have practical utility;
Section 19(b)(2) of the Act, that estimate that 50% of the preparation
(b) the accuracy of the agency’s estimate
proposed rule change SR–NSCC–2016– time (12 hours) is completed in-house
of the burden imposed by the collection
001 be, and hereby is, approved.14 by the filer for a total annual reporting
of information; (c) ways to enhance the
For the Commission, by the Division of quality, utility, and clarity of the burden of 25,680 (12 hours per response
Trading and Markets, pursuant to delegated information collected; and (d) ways to × 2,140 responses).
authority.15 Written comments are invited on: (a)
minimize the burden of the collection of
Brent J. Fields, Whether this proposed collection of
information on respondents, including
Secretary. information is necessary for the proper
through the use of automated collection
[FR Doc. 2016–13613 Filed 6–8–16; 8:45 am] performance of the functions of the
techniques or other forms of information
agency, including whether the
BILLING CODE 8011–01–P technology. Consideration will be given
information will have practical utility;
to comments and suggestions submitted
(b) the accuracy of the agency’s estimate
in writing within 60 days of this
SECURITIES AND EXCHANGE of the burden imposed by the collection
publication.
COMMISSION of information; (c) ways to enhance the
An agency may not conduct or quality, utility, and clarity of the
Proposed Collection; Comment sponsor, and a person is not required to information collected; and (d) ways to
Request respond to, a collection of information minimize the burden of the collection of
unless it displays a currently valid information on respondents, including
Upon Written Request Copies Available control number. through the use of automated collection
From: Securities and Exchange Please direct your written comments techniques or other forms of information
Commission, Office of FOIA Services, to Pamela Dyson, Director/Chief technology. Consideration will be given
100 F Street, NE., Washington, DC Information Officer, Securities and to comments and suggestions submitted
20549–2736. Exchange Commission, c/o Remi Pavlik- in writing within 60 days of this
Extension: Simon, 100 F Street NE., Washington, publication.
Notice of Exempt Preliminary Roll-Up
DC 20549 or send an email to: PRA_ An agency may not conduct or
Communication, SEC File No. 270–396,
OMB Control No. 3235–0452. Mailbox@sec.gov. sponsor, and a person is not required to
Dated: June 3, 2016. respond to, a collection of information
Notice is hereby given that, pursuant unless it displays a currently valid
to the Paperwork Reduction Act of 1995 Brent J. Fields,
control number.
(44 U.S.C. 3501 et seq.), the Securities Secretary.
Please direct your written comments
and Exchange Commission [FR Doc. 2016–13617 Filed 6–8–16; 8:45 am]
to Pamela Dyson, Director/Chief
(‘‘Commission’’) is soliciting comments BILLING CODE 8011–01–P Information Officer, Securities and
on the collection of information Exchange Commission, c/o Remi Pavlik-
summarized below. The Commission Simon, 100 F Street NE., Washington,
plans to submit this existing collection SECURITIES AND EXCHANGE DC 20549 or send an email to: PRA_
of information to the Office of COMMISSION Mailbox@sec.gov.
Management and Budget for extension
Proposed Collection; Comment Dated: June 3, 2016.
and approval.
Exchange Act Rule 14a–6(n) (17 CFR Request Brent J. Fields,
240.14a–6(n)) requires any person that Secretary.
Upon Written Request Copies Available
engages in a proxy solicitation subject to [FR Doc. 2016–13616 Filed 6–8–16; 8:45 am]
From: Securities and Exchange
Exchange Act Rule 14a–2(b)(4) [(17 CFR BILLING CODE 8011–01–P
Commission, Office of FOIA Services,
240.14a–2(b)(4))] to file a Notice of
100 F Street NE., Washington, DC
Exempt Preliminary Roll-Up
20549–2736. SECURITIES AND EXCHANGE
Communication (‘‘Notice’’) [(17 CFR
240.14a–104)] with the Commission. Extension: COMMISSION
The Notice provides information Form S–8; SEC File No. 270–66, OMB
regarding ownership interest and any Control No. 3235–0066. Proposed Collection; Comment
potential conflicts of interest to be Request
Notice is hereby given that, pursuant
included in statements submitted by or to the Paperwork Reduction Act of 1995 Upon Written Request Copies Available
sradovich on DSK3TPTVN1PROD with NOTICES

on behalf of a person engaging in the (44 U.S.C. 3501 et seq.), the Securities From: Securities and Exchange
and Exchange Commission Commission, Office of FOIA Services,
13 15 U.S.C. 78q–1. (‘‘Commission’’) is soliciting comments 100 F Street NE., Washington, DC
14 In approving the proposed rule change, the on the collection of information 20549–2736.
Commission considered the proposal’s impact on
efficiency, competition, and capital formation. 15 summarized below. The Commission Extension:
U.S.C. 78c(f). plans to submit this existing collection Rule 155; SEC File No. 270–492, OMB
15 17 CFR 200.30–3(a)(12). of information to the Office of Control No. 3235–0549.

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37232 Federal Register / Vol. 81, No. 111 / Thursday, June 9, 2016 / Notices

Notice is hereby given that, pursuant Information Officer, Securities and II. Clearing Agency’s Statement of the
to the Paperwork Reduction Act of 1995 Exchange Commission, c/o Remi Pavlik- Purpose of, and Statutory Basis for, the
(44 U.S.C. 3501 et seq.), the Securities Simon, 100 F Street NE., Washington, Proposed Rule Change
and Exchange Commission DC 20549 or send an email to: PRA_ In its filing with the Commission, the
(‘‘Commission’’) is soliciting comments Mailbox@sec.gov. clearing agency included statements
on the collection of information Dated: June 3, 2016. concerning the purpose of and basis for
summarized below. The Commission the proposed rule change and discussed
Brent J. Fields,
plans to submit this existing collection any comments it received on the
Secretary.
of information to the Office of proposed rule change. The text of these
Management and Budget for extension [FR Doc. 2016–13618 Filed 6–8–16; 8:45 am]
statements may be examined at the
and approval. BILLING CODE 8011–01–P
places specified in Item IV below. The
Rule 155 (17 CFR 230.155) under the clearing agency has prepared
Securities Act of 1933 (15 U.S.C. 77a et summaries, set forth in sections A, B,
seq.) provides safe harbors for a SECURITIES AND EXCHANGE
COMMISSION and C below, of the most significant
registered offering of securities aspects of such statements.
following an abandoned private
offering, or a private offering following [Release No. 34–77991; File No. SR–DTC– (A) Clearing Agency’s Statement of the
an abandoned registered offering, 2016–003] Purpose of, and Statutory Basis for, the
without integrating the registered and Proposed Rule Change
private offerings in either case. In Self-Regulatory Organizations; The
Depository Trust Company; Notice of 1. Purpose
connection with a registered offering
following an abandoned private Filing of Proposed Rule Change The proposal would add new Rule 33
offering, Rule 155 requires an issuer to Pursuant to Which It Would Impose (Deposit Chills and Global Locks) to
include in any prospectus filed as a part Deposit Chills and Global Locks and establish: (i) The circumstances under
of a registration statement disclosure Provide Fair Procedures to Issuers which DTC would impose and release a
regarding the abandoned the private Deposit Chill or a Global Lock; and (ii)
June 3, 2016. the fair procedures for notice and an
offering. Similarly, the rule requires an Pursuant to Section 19(b)(1) of the
issuer to provide each offeree in a opportunity for the Issuer to challenge
Securities Exchange Act of 1934 the Restriction, as described below.
private offering following an abandoned (‘‘Act’’) 1 and Rule 19b–4 thereunder,2
registered offering with: (1) Information (i) Background
notice is hereby given that on May 27,
concerning the withdrawal of the
2016, The Depository Trust Company A. DTC
registration statement; (2) the fact that
(‘‘DTC’’) filed with the Securities and
the private offering is unregistered; and DTC is the nation’s central securities
Exchange Commission (‘‘Commission’’) depository, registered as a clearing
(3) the legal implications of the
the proposed rule change as described agency under Section 17A of the Act.5
offering’s unregistered status. We
in Items I, II and III below, which Items DTC’s deposit and book-entry transfer
estimate Rule 155 takes approximately 4
have been prepared by DTC. DTC filed services help facilitate the operation of
hours per response to prepare and is
the proposed rule change pursuant to the nation’s securities markets. By
filed by 600 respondents annually.
We estimate that 50% of the 4 hours Section 19(b)(2) 3 of the Act thereunder. serving as registered holder of trillions
per response (2 hours per response) is The Commission is publishing this of dollars of Securities, DTC, on a daily
prepared by the filer for a total annual notice to solicit comments on the basis, processes enormous volumes of
reporting burden of 1,200 hours (2 hours proposed rule change from interested securities transactions facilitated by
per response × 600 responses). persons. book-entry movement of interests,
Written comments are invited on: (a) I. Clearing Agency’s Statement of the without the need to transfer physical
Whether this proposed collection of Terms of Substance of the Proposed certificates.
information is necessary for the proper Rule Change DTC performs services and maintains
performance of the functions of the Securities Accounts for its Participants,
agency, including whether the The proposed rule change consists of primarily banks and broker dealers,
information will have practical utility; amendments to the Rules, By-Laws and pursuant to its Rules and Procedures.
(b) the accuracy of the agency’s estimate Organization Certificate of DTC (the Participants agree to be bound by the
of the burden imposed by the collection ‘‘Rules’’) in order to add a Rule which Rules and Procedures of DTC as a
of information; (c) ways to enhance the establishes: (i) The circumstances under condition of their DTC membership.6
quality, utility, and clarity of the which DTC would impose and release a DTC allows a Participant to present
information collected; and (d) ways to restriction on Deposits of an Eligible Securities to be made eligible for DTC’s
minimize the burden of the collection of Security (a ‘‘Deposit Chill’’) or on book- depository and book-entry services. If a
information on respondents, including entry services for an Eligible Security (a Security is accepted by DTC as meeting
through the use of automated collection ‘‘Global Lock’’); and (ii) the fair DTC’s eligibility requirements for
techniques or other forms of information procedures for notice and an services 7 and is deposited with DTC for
technology. Consideration will be given opportunity for the issuer of the Eligible credit to the Securities Account of a
to comments and suggestions submitted Security (the ‘‘Issuer’’) to challenge the
in writing within 60 days of this Deposit Chill or Global Lock (each, a 5 See Securities Exchange Act Release No. 20221

‘‘Restriction’’), as described below.4 (September 23, 1983), 48 FR 45167 (October 3,
sradovich on DSK3TPTVN1PROD with NOTICES

publication. 1983) (File No. 600–1).
An agency may not conduct or 6 See supra note 5.
1 15 U.S.C. 78s(b)(1).
sponsor, and a person is not required to 7 See Rule 5, supra note 4; DTC Operational
2 17 CFR 240.19b–4.
respond to, a collection of information 3 15 U.S.C. 78s(b)(2).
Arrangements (Necessary for Securities to Become
unless it displays a currently valid and Remain Eligible for DTC Services), January
4 Each capitalized term not otherwise defined 2012 (the ‘‘Operational Arrangements’’), Section 1,
control number. herein has its respective meaning as set forth in the available at http://www.dtcc.com/∼/media/Files/
Please direct your written comments Rules, available at http://www.dtcc.com/legal/rules- Downloads/legal/issue-eligibility/eligibility/
to Pamela Dyson, Director/Chief and-procedures.aspx. operational-arrangements.pdf.

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Document Created: 2018-02-08 07:34:06
Document Modified: 2018-02-08 07:34:06

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 37231