81 FR 50560 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Plan Asset Transactions Determined by Independent Qualified Professional Asset Managers Under Prohibited Transaction Exemption 1984-14
DEPARTMENT OF LABOR
Office of the Secretary Federal Register Volume 81, Issue 147 (August 1, 2016)
Office of the Secretary
Federal Register Volume 81, Issue 147 (August 1, 2016)
| Page Range | 50560-50561 | |
| FR Document | 2016-18124 |
[Federal Register Volume 81, Number 147 (Monday, August 1, 2016)] [Notices] [Pages 50560-50561] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-18124] ----------------------------------------------------------------------- DEPARTMENT OF LABOR Office of the Secretary Agency Information Collection Activities; Submission for OMB Review; Comment Request; Plan Asset Transactions Determined by Independent Qualified Professional Asset Managers Under Prohibited Transaction Exemption 1984-14 ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Department of Labor (DOL) will submit the Employee Benefits Security Administration (EBSA) sponsored information collection request (ICR) titled, ``Plan Asset Transactions Determined by Independent Qualified Professional Asset Managers Under Prohibited Transaction Exemption 1984-14,'' to the Office of Management and Budget (OMB) on July 30, 2016, for review and approval for continued use, without change, in accordance with the Paperwork Reduction Act of 1995 (PRA), 44 U.S.C. 3501 et seq. Public comments on the ICR are invited. DATES: The OMB will consider all written comments that agency receives on or before August 31, 2016. ADDRESSES: A copy of this ICR with applicable supporting documentation; including a description of the likely respondents, proposed frequency of response, and estimated total burden may be obtained free of charge from the RegInfo.gov Web site at http://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=201605-1210-004 (this link will only become active on July 31, 2016) or by contacting Michel Smyth by telephone at 202- 693-4129, TTY 202-693-8064, (these are not toll-free numbers) or by email at [email protected]. Submit comments about this request by mail or courier to the Office of Information and Regulatory Affairs, Attn: OMB Desk Officer for DOL- EBSA, Office of Management and Budget, Room 10235, 725 17th Street NW., Washington, DC 20503; by Fax: 202-395-5806 (this is not a toll-free number); or by email: [email protected]. Commenters are encouraged, but not required, to send a courtesy copy of any comments by mail or courier to the U.S. Department of Labor-OASAM, Office of the Chief Information Officer, Attn: Departmental Information Compliance Management Program, Room N1301, 200 Constitution Avenue NW., Washington, DC 20210; or by email: [email protected]. FOR FURTHER INFORMATION CONTACT: Contact Michel Smyth by telephone at 202-693-4129, TTY 202-693-8064, (these are not toll-free numbers) or by email at [email protected]. Authority: 44 U.S.C. 3507(a)(1)(D). SUPPLEMENTARY INFORMATION: This ICR seeks to extend PRA authority for the Plan Asset Transactions Determined by Independent Qualified Professional Asset Managers Under Prohibited Transaction Exemption 1984-14 (PTE 84-14) information collection. PTE 84-14 permits a party that is related to an employee benefit plan to engage in transactions involving plan assets if, among other conditions, the assets are managed by a qualified professional asset manager (QPAM) that is independent of the parties in interest. Additional relief is also available under specific circumstances that are fully addressed within the exemption. The information collection requirements that are conditions of the exemption include written policies and procedures by a QPAM and audit requirements. An independent auditor uses the written policies and procedures to determine whether the QPAM is in compliance with the written policies and procedures and whether the exemption conditions have been met. These information collections are designed to safeguard participants and beneficiaries in plans that are involved in transactions covered by the exemption. PTE 84-14 does not require any reporting or filing with the Federal government. Employee Retirement Income Security Act of 1974 section 408(a) authorizes this information collection. See 29 U.S.C. 1108. This information collection is subject to the PRA. A Federal agency generally cannot conduct or sponsor a collection [[Page 50561]] of information, and the public is generally not required to respond to an information collection, unless it is approved by the OMB under the PRA and displays a currently valid OMB Control Number. In addition, notwithstanding any other provisions of law, no person shall generally be subject to penalty for failing to comply with a collection of information that does not display a valid Control Number. See 5 CFR 1320.5(a) and 1320.6. The DOL obtains OMB approval for this information collection under Control Number 1210-0128. OMB authorization for an ICR cannot be for more than three (3) years without renewal, and the DOL seeks to extend PRA authorization for this information collection for three (3) more years, without any change to existing requirements. The DOL notes that existing information collection requirements submitted to the OMB receive a month-to-month extension while they undergo review. For additional substantive information about this ICR, see the related notice published in the Federal Register on November 23, 2015 (80 FR 72990). Interested parties are encouraged to send comments to the OMB, Office of Information and Regulatory Affairs at the address shown in the ADDRESSES section within thirty (30) days of publication of this notice in the Federal Register. In order to help ensure appropriate consideration, comments should mention OMB Control Number 1210-0128. The OMB is particularly interested in comments that:Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; Evaluate the accuracy of the agency's estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; Enhance the quality, utility, and clarity of the information to be collected; and Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. Agency: DOL-EBSA. Title of Collection: Plan Asset Transactions Determined by Independent Qualified Professional Asset Managers Under Prohibited Transaction Exemption 1984-14. OMB Control Number: 1210-0128. Affected Public: Private Sector--businesses or other for-profits. Total Estimated Number of Respondents: 4,620. Total Estimated Number of Responses: 4,620. Total Estimated Annual Time Burden: 111,000 hours. Total Estimated Annual Other Costs Burden: $46,200,000. Dated: July 26, 2016. Michel Smyth, Departmental Clearance Officer. [FR Doc. 2016-18124 Filed 7-29-16; 8:45 am] BILLING CODE 4510-29-P
![50560 Federal Register / Vol. 81, No. 147 / Monday, August 1, 2016 / Notices
cannot conduct or sponsor a collection Asset Managers Under Prohibited free numbers) or by email at DOL_PRA_
of information, and the public is Transaction Class Exemption 1996–23. PUBLIC@dol.gov.
generally not required to respond to an OMB Control Number: 1210–0145. Submit comments about this request
information collection, unless it is Affected Public: Private Sector— by mail or courier to the Office of
approved by the OMB under the PRA businesses or other for-profits and not- Information and Regulatory Affairs,
and displays a currently valid OMB for profit institutions. Attn: OMB Desk Officer for DOL–EBSA,
Control Number. In addition, Total Estimated Number of Office of Management and Budget,
notwithstanding any other provisions of Respondents: 20. Room 10235, 725 17th Street NW.,
law, no person shall generally be subject Total Estimated Number of Washington, DC 20503; by Fax: 202–
to penalty for failing to comply with a Responses: 20. 395–5806 (this is not a toll-free
collection of information that does not Total Estimated Annual Time Burden: number); or by email: OIRA_
display a valid Control Number. See 5 940 hours. submission@omb.eop.gov. Commenters
CFR 1320.5(a) and 1320.6. The DOL Total Estimated Annual Other Costs are encouraged, but not required, to
obtains OMB approval for this Burden: $400,000. send a courtesy copy of any comments
information collection under Control Authority: 44 U.S.C. 3507(a)(1)(D). by mail or courier to the U.S.
Number 1210–0145. Department of Labor-OASAM, Office of
Dated: July 26, 2016. the Chief Information Officer, Attn:
OMB authorization for an ICR cannot
Michel Smyth, Departmental Information Compliance
be for more than three (3) years without
renewal, and the DOL seeks to extend Departmental Clearance Officer. Management Program, Room N1301,
PRA authorization for this information [FR Doc. 2016–18123 Filed 7–29–16; 8:45 am] 200 Constitution Avenue NW.,
collection for three (3) more years, BILLING CODE 4510–29–P Washington, DC 20210; or by email:
without any change to existing DOL_PRA_PUBLIC@dol.gov.
requirements. The DOL notes that FOR FURTHER INFORMATION CONTACT:
existing information collection DEPARTMENT OF LABOR Contact Michel Smyth by telephone at
requirements submitted to the OMB 202–693–4129, TTY 202–693–8064,
Office of the Secretary (these are not toll-free numbers) or by
receive a month-to-month extension
while they undergo review. For Agency Information Collection email at DOL_PRA_PUBLIC@dol.gov.
additional substantive information Activities; Submission for OMB Authority: 44 U.S.C. 3507(a)(1)(D).
about this ICR, see the related notice Review; Comment Request; Plan Asset SUPPLEMENTARY INFORMATION: This ICR
published in the Federal Register on Transactions Determined by seeks to extend PRA authority for the
November 23, 2015 (80 FR 72990). Independent Qualified Professional Plan Asset Transactions Determined by
Interested parties are encouraged to Asset Managers Under Prohibited Independent Qualified Professional
send comments to the OMB, Office of Transaction Exemption 1984–14 Asset Managers Under Prohibited
Information and Regulatory Affairs at Transaction Exemption 1984–14 (PTE
the address shown in the ADDRESSES ACTION: Notice. 84–14) information collection. PTE 84–
section within thirty (30) days of 14 permits a party that is related to an
publication of this notice in the Federal SUMMARY: The Department of Labor
employee benefit plan to engage in
Register. In order to help ensure (DOL) will submit the Employee
transactions involving plan assets if,
appropriate consideration, comments Benefits Security Administration
among other conditions, the assets are
should mention OMB Control Number (EBSA) sponsored information
managed by a qualified professional
1210–0145. The OMB is particularly collection request (ICR) titled, ‘‘Plan
asset manager (QPAM) that is
interested in comments that: Asset Transactions Determined by
independent of the parties in interest.
• Evaluate whether the proposed Independent Qualified Professional
Additional relief is also available under
collection of information is necessary Asset Managers Under Prohibited
specific circumstances that are fully
for the proper performance of the Transaction Exemption 1984–14,’’ to the
addressed within the exemption. The
functions of the agency, including Office of Management and Budget
information collection requirements that
whether the information will have (OMB) on July 30, 2016, for review and
are conditions of the exemption include
practical utility; approval for continued use, without
written policies and procedures by a
• Evaluate the accuracy of the change, in accordance with the
QPAM and audit requirements. An
agency’s estimate of the burden of the Paperwork Reduction Act of 1995
independent auditor uses the written
proposed collection of information, (PRA), 44 U.S.C. 3501 et seq. Public
policies and procedures to determine
including the validity of the comments on the ICR are invited.
whether the QPAM is in compliance
methodology and assumptions used; DATES: The OMB will consider all with the written policies and
• Enhance the quality, utility, and written comments that agency receives procedures and whether the exemption
clarity of the information to be on or before August 31, 2016. conditions have been met. These
collected; and ADDRESSES: A copy of this ICR with information collections are designed to
• Minimize the burden of the applicable supporting documentation; safeguard participants and beneficiaries
collection of information on those who including a description of the likely in plans that are involved in
are to respond, including through the respondents, proposed frequency of transactions covered by the exemption.
use of appropriate automated, response, and estimated total burden PTE 84–14 does not require any
electronic, mechanical, or other may be obtained free of charge from the
sradovich on DSK3GMQ082PROD with NOTICES
reporting or filing with the Federal
technological collection techniques or RegInfo.gov Web site at http:// government. Employee Retirement
other forms of information technology, www.reginfo.gov/public/do/ Income Security Act of 1974 section
e.g., permitting electronic submission of PRAViewICR?ref_nbr=201605-1210-004 408(a) authorizes this information
responses. (this link will only become active on collection. See 29 U.S.C. 1108.
Agency: DOL–EBSA. July 31, 2016) or by contacting Michel This information collection is subject
Title of Collection: Plan Asset Smyth by telephone at 202–693–4129, to the PRA. A Federal agency generally
Transactions Determined by In-House TTY 202–693–8064, (these are not toll- cannot conduct or sponsor a collection
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![Federal Register / Vol. 81, No. 147 / Monday, August 1, 2016 / Notices 50561
of information, and the public is Asset Managers Under Prohibited number: (877) 889–5627). Note that
generally not required to respond to an Transaction Exemption 1984–14. security procedures may result in
information collection, unless it is OMB Control Number: 1210–0128. significant delays in receiving
approved by the OMB under the PRA Affected Public: Private Sector— comments and other written materials
and displays a currently valid OMB businesses or other for-profits. by regular mail. Contact the OSHA
Control Number. In addition, Total Estimated Number of Docket Office for information about
notwithstanding any other provisions of Respondents: 4,620. security procedures concerning delivery
law, no person shall generally be subject Total Estimated Number of of materials by express mail, hand
to penalty for failing to comply with a Responses: 4,620. delivery, or messenger service. The
collection of information that does not Total Estimated Annual Time Burden: hours of operation for the OSHA Docket
display a valid Control Number. See 5 111,000 hours. Office are 8:15 a.m.–4:45 p.m., e.t.
CFR 1320.5(a) and 1320.6. The DOL Total Estimated Annual Other Costs 4. Instructions: All submissions must
obtains OMB approval for this Burden: $46,200,000. include the Agency name and the OSHA
information collection under Control Dated: July 26, 2016. docket number (OSHA–2013–0016).
Number 1210–0128. Michel Smyth, OSHA places comments and other
OMB authorization for an ICR cannot Departmental Clearance Officer. materials, including any personal
be for more than three (3) years without information, in the public docket
[FR Doc. 2016–18124 Filed 7–29–16; 8:45 am]
renewal, and the DOL seeks to extend without revision, and these materials
BILLING CODE 4510–29–P
PRA authorization for this information will be available online at http://
collection for three (3) more years, www.regulations.gov. Therefore, the
without any change to existing DEPARTMENT OF LABOR Agency cautions commenters about
requirements. The DOL notes that submitting statements they do not want
existing information collection Occupational Safety and Health made available to the public, or
requirements submitted to the OMB Administration submitting comments that contain
receive a month-to-month extension personal information (either about
while they undergo review. For [Docket No. OSHA–2013–0016] themselves or others) such as Social
additional substantive information Nemko North America, Inc.: Security numbers, birth dates, and
about this ICR, see the related notice Application for Expansion of medical data.
published in the Federal Register on Recognition 5. Docket: To read or download
November 23, 2015 (80 FR 72990). submissions or other material in the
Interested parties are encouraged to AGENCY: Occupational Safety and Health docket, go to http://www.regulations.gov
send comments to the OMB, Office of Administration (OSHA), Labor. or the OSHA Docket Office at the
Information and Regulatory Affairs at ACTION: Notice. address above. All documents in the
the address shown in the ADDRESSES docket are listed in the http://
section within thirty (30) days of SUMMARY: In this notice, OSHA www.regulations.gov index; however,
publication of this notice in the Federal announces the application of Nemko some information (e.g., copyrighted
Register. In order to help ensure North America, Inc., for expansion of its material) is not publicly available to
appropriate consideration, comments recognition as a Nationally Recognized read or download through the Web site.
should mention OMB Control Number Testing Laboratory (NRTL) and presents All submissions, including copyrighted
1210–0128. The OMB is particularly the Agency’s preliminary finding to material, are available for inspection at
interested in comments that: grant the application. the OSHA Docket Office. Contact the
• Evaluate whether the proposed DATES: Submit comments, information, OSHA Docket Office for assistance in
collection of information is necessary and documents in response to this locating docket submissions.
for the proper performance of the notice, or requests for an extension of 6. Extension of comment period:
functions of the agency, including time to make a submission, on or before Submit requests for an extension of the
whether the information will have August 16, 2016. comment period on or before August 16,
practical utility; ADDRESSES: Submit comments by any of 2016 to the Office of Technical
• Evaluate the accuracy of the the following methods: Programs and Coordination Activities,
agency’s estimate of the burden of the 1. Electronically: Submit comments Directorate of Technical Support and
proposed collection of information, and attachments electronically at http:// Emergency Management, Occupational
including the validity of the www.regulations.gov, which is the Safety and Health Administration, U.S.
methodology and assumptions used; Federal eRulemaking Portal. Follow the Department of Labor, 200 Constitution
• Enhance the quality, utility, and instructions online for making Avenue NW., Room N–3655,
clarity of the information to be electronic submissions. Washington, DC 20210, or by fax to
collected; and 2. Facsimile: If submissions, (202) 693–1644.
• Minimize the burden of the including attachments, are not longer FOR FURTHER INFORMATION CONTACT:
collection of information on those who than 10 pages, commenters may fax Information regarding this notice is
are to respond, including through the them to the OSHA Docket Office at (202) available from the following sources:
use of appropriate automated, 693–1648. Press inquiries: Contact Mr. Frank
electronic, mechanical, or other 3. Regular or express mail, hand Meilinger, Director, OSHA Office of
technological collection techniques or delivery, or messenger (courier) service: Communications, U.S. Department of
sradovich on DSK3GMQ082PROD with NOTICES
other forms of information technology, Submit comments, requests, and any Labor, 200 Constitution Avenue NW.,
e.g., permitting electronic submission of attachments to the OSHA Docket Office, Room N–3647, Washington, DC 20210;
responses. Docket No. OSHA–2013–0016, telephone: (202) 693–1999; email:
Agency: DOL–EBSA. Technical Data Center, U.S. Department meilinger.francis2@dol.gov.
Title of Collection: Plan Asset of Labor, 200 Constitution Avenue NW., General and technical information:
Transactions Determined by Room N–2625, Washington, DC 20210; Contact Mr. Kevin Robinson, Director,
Independent Qualified Professional telephone: (202) 693–2350 (TTY Office of Technical Programs and
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Document Created: 2016-07-30 06:25:56
Document Modified: 2016-07-30 06:25:56
| 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 | |
| Action | Notice. | |
| Dates | The OMB will consider all written comments that agency receives on or before August 31, 2016. | |
| Contact | Contact Michel Smyth by telephone at 202-693-4129, TTY 202-693-8064, (these are not toll-free numbers) or by email at [email protected] | |
| FR Citation | 81 FR 50560 |
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