81 FR 68068 - Proposed Collection; Comment Request
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 191 (October 3, 2016)
Federal Register Volume 81, Issue 191 (October 3, 2016)
| Page Range | 68068-68069 | |
| FR Document | 2016-23762 |
[Federal Register Volume 81, Number 191 (Monday, October 3, 2016)] [Notices] [Pages 68068-68069] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-23762] ======================================================================= ----------------------------------------------------------------------- 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: Regulation S-AM; SEC File No. 270-548, OMB Control No. 3235- 0609. Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (``Commission'') is soliciting comments on the existing collection of information provided for in Regulation S-AM (17 CFR part 248, subpart B), under the Fair Credit Reporting Act (15 U.S.C. 1681 et seq.) (``FCRA''), the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.), the Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.), and the Investment Advisers Act of 1940 (15 U.S.C. 80b- 1 et seq.). The Commission plans to submit this existing collection of information to the Office of Management and Budget (``OMB'') for extension and approval. Regulation S-AM implements the requirements of Section 624 of the FCRA (15 U.S.C. 1681s-3) with respect to investment advisers and transfer agents registered with the Commission, as well as brokers, dealers and investment companies (collectively, ``Covered Persons''). Section 624 and Regulation S-AM limit a Covered Person's use of certain consumer financial information received from an affiliate to solicit a consumer for marketing purposes, unless the consumer has been given notice and a reasonable opportunity and a reasonable and simple method to opt out of such solicitations. Regulation S-AM potentially applies to all of the approximately 32,061 Covered Persons registered with the Commission, although only approximately 17,954 of them have one or more corporate affiliates, and the regulation requires only approximately 3,206 to provide consumers with an affiliate marketing notice and an opt-out opportunity. The Commission staff estimates that there are approximately 17,954 Covered Persons having one or more affiliates, and that they each spend an average of 0.20 hours per year to review affiliate marketing practices, for, collectively, an estimated annual time burden of 3,591 hours at an annual internal staff cost of approximately $1,798,991. The staff also estimates that approximately 3,206 Covered Persons provide notice and opt-out opportunities to consumers, and that they each spend an average of 7.6 hours per year creating notices, providing notices and opt-out opportunities, monitoring the opt-out notice process, making and updating records of opt-out elections, and addressing consumer questions and concerns about opt-out notices, for, collectively, an estimated annual time burden of 24,366 hours at an annual internal staff cost of approximately $4,489,806. Thus, the staff estimates that the collection of information requires a total of approximately 17,954 respondents to incur an estimated annual time burden of a total of 27,957 hours at a total annual internal cost of [[Page 68069]] compliance of approximately $6,288,897. 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 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 under the PRA unless it displays a currently 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 Street NE., Washington, DC 20549, or send an email to: [email protected]. Dated: September 27, 2016. Robert W. Errett, Deputy Secretary. [FR Doc. 2016-23762 Filed 9-30-16; 8:45 am] BILLING CODE 8011-01-P
![68068 Federal Register / Vol. 81, No. 191 / Monday, October 3, 2016 / Notices
www.prc.gov, Docket Nos. MC2016–210, States Postal Service to Add Priority on the existing collection of information
CP2016–299. Mail Express & Priority Mail Contract 36 provided for in Regulation S–AM (17
to Competitive Product List. Documents CFR part 248, subpart B), under the Fair
Stanley F. Mires,
are available at www.prc.gov, Docket Credit Reporting Act (15 U.S.C. 1681 et
Attorney, Federal Compliance. Nos. MC2016–207, CP2016–296. seq.) (‘‘FCRA’’), the Securities Exchange
[FR Doc. 2016–23757 Filed 9–30–16; 8:45 am] Act of 1934 (15 U.S.C. 78a et seq.), the
Stanley F. Mires,
BILLING CODE 7710–12–P Investment Company Act of 1940 (15
Attorney, Federal Compliance. U.S.C. 80a–1 et seq.), and the
[FR Doc. 2016–23745 Filed 9–30–16; 8:45 am] Investment Advisers Act of 1940 (15
POSTAL SERVICE BILLING CODE 7710–12–P U.S.C. 80b–1 et seq.). The Commission
plans to submit this existing collection
Product Change—Priority Mail Express
of information to the Office of
Negotiated Service Agreement POSTAL SERVICE Management and Budget (‘‘OMB’’) for
AGENCY: Postal ServiceTM. extension and approval.
Product Change—Priority Mail and Regulation S–AM implements the
ACTION: Notice. First-Class Package Service requirements of Section 624 of the
SUMMARY: The Postal Service gives Negotiated Service Agreement FCRA (15 U.S.C. 1681s–3) with respect
notice of filing a request with the Postal AGENCY: Postal ServiceTM. to investment advisers and transfer
Regulatory Commission to add a agents registered with the Commission,
ACTION: Notice.
domestic shipping services contract to as well as brokers, dealers and
the list of Negotiated Service SUMMARY: The Postal Service gives investment companies (collectively,
Agreements in the Mail Classification notice of filing a request with the Postal ‘‘Covered Persons’’). Section 624 and
Schedule’s Competitive Products List. Regulatory Commission to add a Regulation S–AM limit a Covered
DATES: Effective date: October 3, 2016. domestic shipping services contract to Person’s use of certain consumer
FOR FURTHER INFORMATION CONTACT: the list of Negotiated Service financial information received from an
Elizabeth A. Reed, 202–268–3179. Agreements in the Mail Classification affiliate to solicit a consumer for
SUPPLEMENTARY INFORMATION: The Schedule’s Competitive Products List. marketing purposes, unless the
United States Postal Service® hereby DATES: Effective date: October 3, 2016.
consumer has been given notice and a
gives notice that, pursuant to 39 U.S.C. reasonable opportunity and a reasonable
FOR FURTHER INFORMATION CONTACT:
3642 and 3632(b)(3), on September 27, and simple method to opt out of such
Elizabeth A. Reed, 202–268–3179. solicitations. Regulation S–AM
2016, it filed with the Postal Regulatory SUPPLEMENTARY INFORMATION: The potentially applies to all of the
Commission a Request of the United United States Postal Service® hereby approximately 32,061 Covered Persons
States Postal Service to Add Priority gives notice that, pursuant to 39 U.S.C. registered with the Commission,
Mail Express Contract 42 to Competitive 3642 and 3632(b)(3), on September 27, although only approximately 17,954 of
Product List. Documents are available at 2016, it filed with the Postal Regulatory them have one or more corporate
www.prc.gov, Docket Nos. MC2016–208, Commission a Request of the United affiliates, and the regulation requires
CP2016–297. States Postal Service to Add Priority only approximately 3,206 to provide
Stanley F. Mires, Mail & First-Class Package Service consumers with an affiliate marketing
Attorney, Federal Compliance. Contract 32 to Competitive Product List. notice and an opt-out opportunity.
[FR Doc. 2016–23744 Filed 9–30–16; 8:45 am] Documents are available at The Commission staff estimates that
BILLING CODE 7710–12–P
www.prc.gov, Docket Nos. MC2016–209, there are approximately 17,954 Covered
CP2016–298. Persons having one or more affiliates,
and that they each spend an average of
Stanley F. Mires,
POSTAL SERVICE 0.20 hours per year to review affiliate
Attorney, Federal Compliance. marketing practices, for, collectively, an
[FR Doc. 2016–23742 Filed 9–30–16; 8:45 am] estimated annual time burden of 3,591
Product Change—Priority Mail Express
and Priority Mail Negotiated Service BILLING CODE 7710–12–P hours at an annual internal staff cost of
Agreement approximately $1,798,991. The staff also
estimates that approximately 3,206
AGENCY: Postal ServiceTM. SECURITIES AND EXCHANGE Covered Persons provide notice and opt-
ACTION: Notice. COMMISSION out opportunities to consumers, and
that they each spend an average of 7.6
SUMMARY: The Postal Service gives Proposed Collection; Comment hours per year creating notices,
notice of filing a request with the Postal Request providing notices and opt-out
Regulatory Commission to add a
Upon Written Request, Copies Available opportunities, monitoring the opt-out
domestic shipping services contract to
From: Securities and Exchange notice process, making and updating
the list of Negotiated Service
Commission, Office of FOIA Services, records of opt-out elections, and
Agreements in the Mail Classification
100 F Street NE., Washington, DC addressing consumer questions and
Schedule’s Competitive Products List.
20549–2736 concerns about opt-out notices, for,
DATES: Effective date: October 3, 2016. collectively, an estimated annual time
FOR FURTHER INFORMATION CONTACT: Extension:
sradovich on DSK3GMQ082PROD with NOTICES
burden of 24,366 hours at an annual
Elizabeth A. Reed, 202–268–3179. Regulation S–AM; SEC File No. 270–548, internal staff cost of approximately
SUPPLEMENTARY INFORMATION: The
OMB Control No. 3235–0609.
$4,489,806. Thus, the staff estimates
United States Postal Service® hereby Notice is hereby given that, pursuant that the collection of information
gives notice that, pursuant to 39 U.S.C. to the Paperwork Reduction Act of 1995 requires a total of approximately 17,954
3642 and 3632(b)(3), on September 27, (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the respondents to incur an estimated
2016, it filed with the Postal Regulatory Securities and Exchange Commission annual time burden of a total of 27,957
Commission a Request of the United (‘‘Commission’’) is soliciting comments hours at a total annual internal cost of
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![Federal Register / Vol. 81, No. 191 / Monday, October 3, 2016 / Notices 68069
compliance of approximately Section 17(a)(1) of the Exchange Act Officer, Securities and Exchange
$6,288,897. provides that broker-dealers registered Commission, c/o Remi Pavlik-Simon,
Written comments are invited on: (a) with the Commission must make and 100 F Street NE., Washington, DC 20549
Whether the proposed collection of keep records, furnish copies of the or by sending an email to: PRA_
information is necessary for the proper records, and make and disseminate Mailbox@sec.gov. Comments must be
performance of the functions of the reports as the Commission, by rule, submitted within 30 days of this notice.
Commission, including whether the prescribes. Pursuant to this authority, Dated: September 27, 2016.
information shall have practical utility; the Commission adopted Rule 17a–5 (17 Robert W. Errett,
(b) the accuracy of the Commission’s CFR 240.17a–5), which is one of the
Deputy Secretary.
estimates of the burden of the proposed primary financial and operational
[FR Doc. 2016–23758 Filed 9–30–16; 8:45 am]
collection of information; (c) ways to reporting rules for broker-dealers.1
BILLING CODE 8011–01–P
enhance the quality, utility, and clarity Paragraph (a)(5) of Rule 17a–5 requires
of the information collected; and (d) every broker-dealer registered with the
ways to minimize the burden of the Commission to file Form Custody (17
SECURITIES AND EXCHANGE
collection of information on CFR 249.639) with its designated
COMMISSION
respondents, including through the use examining authority (‘‘DEA’’) within 17
of automated collection techniques or business days after the end of each [Release No. 34–78946; File No. SR–BOX–
calendar quarter and within 17 business 2016–45]
other forms of information technology.
Consideration will be given to days after the date selected for the
broker-dealer’s annual report if that date Self-Regulatory Organizations; BOX
comments and suggestions submitted in Options Exchange LLC; Notice of
writing within 60 days of this is not the end of a calendar quarter.
Form Custody is designed to elicit Filing of Proposed Rule Change To
publication. Amend the Treatment of Quotes To
information about whether a broker-
An agency may not conduct or Provide That All Quotes on BOX Are
dealer maintains custody of customer
sponsor, and a person is not required to and non-customer assets, and, if so, how Liquidity Adding Only
respond to, a collection of information such assets are maintained.
under the PRA unless it displays a September 27, 2016.
There are approximately 4,113 broker- Pursuant to Section 19(b)(1) of the
currently valid OMB control number. dealers registered with the Commission. Securities Exchange Act of 1934
Please direct your written comments Based on staff experience, the (‘‘Act’’),1 and Rule 19b–4 thereunder,2
to: Pamela Dyson, Director/Chief Commission estimates that, on average, notice is hereby given that on
Information Officer, Securities and it would take a broker-dealer September 13, 2016, BOX Options
Exchange Commission, c/o Remi Pavlik- approximately 12 hours to complete and Exchange LLC (the ‘‘Exchange’’) filed
Simon, 100 F Street NE., Washington, file Form Custody, for an annual with the Securities and Exchange
DC 20549, or send an email to: industry-wide reporting burden of Commission (‘‘Commission’’) the
PRA_Mailbox@sec.gov. approximately 197,424 hours.2 proposed rule change as described in
Dated: September 27, 2016. Assuming an average cost per hour of Items I, II, and III below, which Items
Robert W. Errett, approximately $291for a compliance have been prepared by the self-
Deputy Secretary.
manager, the total internal cost of regulatory organization. The
compliance for the respondents is Commission is publishing this notice to
[FR Doc. 2016–23762 Filed 9–30–16; 8:45 am]
approximately $57,450,384 per year.3 solicit comments on the proposed rule
BILLING CODE 8011–01–P An agency may not conduct or from interested persons.
sponsor, and a person is not required to
respond to, a collection of information I. Self-Regulatory Organization’s
SECURITIES AND EXCHANGE under the PRA unless it displays a Statement of the Terms of Substance of
COMMISSION currently valid OMB control number. the Proposed Rule Change
The public may view background The Exchange proposes to amend
Submission for OMB Review;
documentation for this information Rule 8050 to amend the treatment of
Comment Request
collection at the following Web site: quotes to provide that all quotes on BOX
Upon Written Request, Copies Available www.reginfo.gov. Comments should be are liquidity adding only. The text of the
From: Securities and Exchange directed to (i) Desk Officer for the proposed rule change is available from
Commission, Office of FOIA Services, Securities and Exchange Commission, the principal office of the Exchange, at
100 F Street NE., Washington, DC Office of Information and Regulatory the Commission’s Public Reference
20549–2736. Affairs, Office of Management and Room and also on the Exchange’s
Budget, Room 10102, New Executive Internet Web site at http://
Extension: Form Custody Office Building, Washington, DC 20503
SEC File No. 270–643, OMB Control No. boxexchange.com.
3235–0691
or by sending an email to: Shagufta_
Ahmed@omb.eop.gov; and (ii) Pamela II. Self-Regulatory Organization’s
Notice is hereby given that pursuant Dyson, Director/Chief Information Statement of the Purpose of, and
to the Paperwork Reduction Act of 1995 Statutory Basis for, the Proposed Rule
(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the 1 Rule 17a–5 is subject to a separate PRA filing Change
Securities and Exchange Commission (OMB Control Number 3235–0123).
2 4,113 brokers-dealers × 4 times per year × 12
In its filing with the Commission, the
(‘‘Commission’’) has submitted to the
sradovich on DSK3GMQ082PROD with NOTICES
hours = 197,424 hours. self-regulatory organization included
Office of Management and Budget 3 197,424 hours times $291 per hour = statements concerning the purpose of,
(‘‘OMB’’) a request for approval of the 57,450,384. $291 per hour for a compliance and basis for, the proposed rule change
extension of the previously approved manager is from SIFMA’s Management & and discussed any comments it received
collection of information provided for in Professional Earnings in the Securities Industry
2013, modified by Commission staff for an 1800-
on the proposed rule change. The text
Form Custody (17 CFR 249.639) under hour work-year, multiplied by 5.35 to account for
the Securities Exchange Act of 1934 (15 bonuses, firm size, employee benefits, and 1 15 U.S.C. 78s(b)(1).
U.S.C. 78a et seq.) (‘‘Exchange Act’’). overhead, and adjusted for inflation. 2 17 CFR 240.19b–4.
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Document Created: 2018-02-13 14:11:28
Document Modified: 2018-02-13 14:11:28
| 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 68068 |
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