82 FR 11391 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 34 (February 22, 2017)

Page Range		11391-11392
FR Document		2017-03392

Federal Register, Volume 82 Issue 34 (Wednesday, February 22, 2017)

[Federal Register Volume 82, Number 34 (Wednesday, February 22, 2017)]
[Notices]
[Pages 11391-11392]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-03392]


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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 17a-22; SEC File No. 270-202, OMB Control No. 3235-0196.

    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 collection of 
information provided for in Rule 17a-22 (17 CFR 240.17a-22) under the 
Securities Exchange Act of 1934 (``Exchange Act'') (15 U.S.C. 78a et 
seq.). The Commission plans to submit this existing collection of 
information to the Office of Management and Budget (``OMB'') for 
extension and approval.
    Rule 17a-22 requires all registered clearing agencies to file with 
the Commission three copies of all materials they issue or make 
generally available to their participants or other entities with whom 
they have a significant relationship. The filings with the Commission 
must be made within ten days after the materials are issued or made 
generally available. When the Commission is not the clearing agency's 
appropriate regulatory agency, the clearing agency must file one copy 
of the material with its appropriate regulatory agency.
    The Commission is responsible for overseeing clearing agencies and 
uses the information filed pursuant to Rule 17a-22 to determine whether 
a clearing agency is implementing procedural or policy changes. The 
information filed aides the Commission in determining whether such 
changes are consistent with the purposes of Section 17A of the Exchange 
Act. Also, the Commission uses the information to determine whether a 
clearing agency has changed its rules without reporting the actual or 
prospective change to the Commission as required under Section 19(b) of 
the Exchange Act.
    The respondents to Rule 17a-22 are registered clearing agencies. 
The frequency of filings made by clearing agencies pursuant to Rule 
17a-22 varies but on average there are approximately 200 filings per 
year per active clearing agency. There are seven active registered 
clearing agencies. The Commission staff estimates that each response 
requires approximately .25 hours (fifteen minutes), which represents 
the time it takes for a staff person at the clearing agency to properly 
identify a document subject to the rule, print and makes copies, and 
mail that document to the Commission. Thus, the total annual burden for 
all active clearing agencies is 350 hours (7 clearing agencies 
multiplied by 200 filings per clearing agency multiplied by .25 hours) 
and a total of 50 hours (1400 responses multiplied by .25 hours, 
divided by 7 active clearing agencies) per year are expended by each 
respondent to comply with the rule.
    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 to 
be 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].


[[Page 11392]]


    Dated: February 15, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-03392 Filed 2-21-17; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 34 / Wednesday, February 22, 2017 / Notices 11391

At any time within 60 days of the received will be posted without change; aides the Commission in determining
filing of the proposed rule change, the the Commission does not edit personal whether such changes are consistent
Commission summarily may identifying information from with the purposes of Section 17A of the
temporarily suspend such rule change if submissions. You should submit only Exchange Act. Also, the Commission
it appears to the Commission that such information that you wish to make uses the information to determine
action is: (i) Necessary or appropriate in available publicly. All submissions whether a clearing agency has changed
the public interest; (ii) for the protection should refer to File Number SR– its rules without reporting the actual or
of investors; or (iii) otherwise in NASDAQ–2017–013 and should be prospective change to the Commission
furtherance of the purposes of the Act. submitted on or before March 15, 2017. as required under Section 19(b) of the
If the Commission takes such action, the For the Commission, by the Division of Exchange Act.
Commission shall institute proceedings Trading and Markets, pursuant to delegated The respondents to Rule 17a–22 are
to determine whether the proposed rule authority.15 registered clearing agencies. The
should be approved or disapproved. Eduardo A. Aleman, frequency of filings made by clearing
IV. Solicitation of Comments Assistant Secretary. agencies pursuant to Rule 17a–22 varies
[FR Doc. 2017–03400 Filed 2–21–17; 8:45 am] but on average there are approximately
Interested persons are invited to
BILLING CODE 8011–01–P 200 filings per year per active clearing
submit written data, views, and
agency. There are seven active
arguments concerning the foregoing,
registered clearing agencies. The
including whether the proposed rule SECURITIES AND EXCHANGE Commission staff estimates that each
change is consistent with the Act. COMMISSION response requires approximately .25
Comments may be submitted by any of
hours (fifteen minutes), which
the following methods: Proposed Collection; Comment represents the time it takes for a staff
Electronic Comments Request person at the clearing agency to
• Use the Commission’s Internet Upon Written Request, Copies Available properly identify a document subject to
comment form (http://www.sec.gov/ From: Securities and Exchange the rule, print and makes copies, and
rules/sro.shtml); or Commission, Office of FOIA Services, mail that document to the Commission.
• Send an email to rule-comments@ 100 F Street NE., Washington, DC Thus, the total annual burden for all
sec.gov. Please include File Number SR– 20549–2736. active clearing agencies is 350 hours (7
NASDAQ–2017–013 on the subject line. Extension: clearing agencies multiplied by 200
Rule 17a–22; SEC File No. 270–202, OMB filings per clearing agency multiplied by
Paper Comments Control No. 3235–0196. .25 hours) and a total of 50 hours (1400
• Send paper comments in triplicate Notice is hereby given that pursuant responses multiplied by .25 hours,
to Brent J. Fields, Secretary, Securities to the Paperwork Reduction Act of 1995 divided by 7 active clearing agencies)
and Exchange Commission, 100 F Street (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the per year are expended by each
NE., Washington, DC 20549–1090. Securities and Exchange Commission respondent to comply with the rule.
All submissions should refer to File (‘‘Commission’’) is soliciting comments Written comments are invited on: (a)
Number SR–NASDAQ–2017–013. This on the collection of information Whether the proposed collection of
file number should be included on the provided for in Rule 17a–22 (17 CFR information is necessary for the proper
subject line if email is used. To help the 240.17a–22) under the Securities performance of the functions of the
Commission process and review your Exchange Act of 1934 (‘‘Exchange Act’’) Commission, including whether the
comments more efficiently, please use (15 U.S.C. 78a et seq.). The Commission information shall have practical utility;
only one method. The Commission will plans to submit this existing collection (b) the accuracy of the Commission’s
post all comments on the Commission’s of information to the Office of estimates of the burden of the proposed
Internet Web site (http://www.sec.gov/ Management and Budget (‘‘OMB’’) for collection of information; (c) ways to
rules/sro.shtml). Copies of the extension and approval. enhance the quality, utility, and clarity
submission, all subsequent Rule 17a–22 requires all registered of the information to be collected; and
amendments, all written statements clearing agencies to file with the (d) ways to minimize the burden of the
with respect to the proposed rule Commission three copies of all materials collection of information on
change that are filed with the they issue or make generally available to respondents, including through the use
Commission, and all written their participants or other entities with of automated collection techniques or
communications relating to the whom they have a significant other forms of information technology.
proposed rule change between the relationship. The filings with the Consideration will be given to
Commission and any person, other than Commission must be made within ten comments and suggestions submitted in
those that may be withheld from the days after the materials are issued or writing within 60 days of this
public in accordance with the made generally available. When the publication.
provisions of 5 U.S.C. 552, will be Commission is not the clearing agency’s
An agency may not conduct or
available for Web site viewing and appropriate regulatory agency, the
sponsor, and a person is not required to
printing in the Commission’s Public clearing agency must file one copy of
respond to, a collection of information
Reference Room, 100 F Street NE., the material with its appropriate
under the PRA unless it displays a
Washington, DC 20549, on official regulatory agency.
currently valid OMB control number.
sradovich on DSK3GMQ082PROD with NOTICES

business days between the hours of The Commission is responsible for
10:00 a.m. and 3:00 p.m. Copies of the overseeing clearing agencies and uses Please direct your written comments
filing also will be available for the information filed pursuant to Rule to: Pamela Dyson, Director/Chief
inspection and copying at the principal 17a–22 to determine whether a clearing Information Officer, Securities and
office of the Exchange. All comments agency is implementing procedural or Exchange Commission, c/o Remi Pavlik-
policy changes. The information filed Simon, 100 F Street NE., Washington,
of filing of the proposed rule change, or such DC 20549, or send an email to: PRA_
shorter time as designated by the Commission. 15 17 CFR 200.30–3(a)(12). Mailbox@sec.gov.

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11392 Federal Register / Vol. 82, No. 34 / Wednesday, February 22, 2017 / Notices

Dated: February 15, 2017. opportunity to learn about transactions person is not required to respond to, a
Eduardo A. Aleman, of the SBIC that have the potential for collection of information unless it
Assistant Secretary. self-dealing and other forms of displays a currently valid OMB control
[FR Doc. 2017–03392 Filed 2–21–17; 8:45 am] overreaching by affiliated persons at the number.
BILLING CODE 8011–01–P expense of shareholders. Written comments are invited on: (a)
Form N–17D–1 requires SBICs and Whether the collection of information is
their affiliated banks to report necessary for the proper performance of
SECURITIES AND EXCHANGE identifying information about the small the functions of the Commission,
COMMISSION business concern and the affiliated including whether the information has
bank. The report must include, among practical utility; (b) the accuracy of the
Proposed Collection; Comment other things, the SBIC’s and affiliated Commission’s estimate of the burden of
Request bank’s outstanding investments in the the collection of information; (c) ways to
small business concern, the use of the enhance the quality, utility, and clarity
Upon Written Request, Copies Available
proceeds of the investments made of the information collected; and (d)
From: Securities and Exchange
during the reporting period, any ways to minimize the burden of the
Commission, Office of FOIA Services,
changes in the nature and amount of the collection of information on
100 F Street NE., Washington, DC
affiliated bank’s investment, the name of respondents, including through the use
20549–2736.
any affiliated person of the SBIC or the of automated collection techniques or
Extension: affiliated bank (or any affiliated person other forms of information technology.
Form N–17D–1; SEC File No. 270–231; of the affiliated person of the SBIC or
OMB Control No. 3235–0229. Consideration will be given to
the affiliated bank) who has any interest comments and suggestions submitted in
Notice is hereby given that, pursuant in the transactions, the basis of the writing within 60 days of this
to the Paperwork Reduction Act of 1995 affiliation, the nature of the interest, and publication.
(44 U.S.C. 3501–3520), the Securities the consideration the affiliated person Please direct your written comments
and Exchange Commission has received or will receive. to Pamela Dyson, Director/Chief
(‘‘Commission’’) is soliciting comments Up to two SBICs may file the form in Information Officer, Securities and
on the collections of information any year.1 The Commission estimates Exchange Commission, C/O Remi
summarized below. The Commission the burden of filling out the form is Pavlik-Simon, 100 F Street NE.,
plans to submit these existing approximately one hour per response Washington, DC 20549; or send an email
collections of information to the Office and would likely be completed by an to: PRA_Mailbox@sec.gov.
of Management and Budget (‘‘OMB’’) for accountant or other professional. Based
extension and approval. Dated: February 15, 2017.
on past filings, the Commission
Section 17(d) (15 U.S.C. 80a–17(d)) of Eduardo A. Aleman,
estimates that no more than one SBIC is
the Investment Company Act of 1940 likely to use the form each year. Most Assistant Secretary.
(‘‘Act’’) authorizes the Commission to of the information requested on the form [FR Doc. 2017–03394 Filed 2–21–17; 8:45 am]
adopt rules that protect funds and their should be readily available to the SBIC BILLING CODE 8011–01–P
security holders from overreaching by or the affiliated bank in records kept in
affiliated persons when the fund and the the ordinary course of business, or with
affiliated person participate in any joint respect to the SBIC, pursuant to the SECURITIES AND EXCHANGE
enterprise or other joint arrangement or recordkeeping requirements under the COMMISSION
profit-sharing plan. Rule 17d–1 under Act. Commission staff estimates that it
the Act (17 CFR 270.17d–1) prohibits Proposed Collection; Comment
should take approximately one hour for
funds and their affiliated persons from Request
an accountant or other professional to
participating in a joint enterprise, unless complete the form.2 The estimated total Upon Written Request, Copies Available
an application regarding the transaction annual burden of filling out the form is From: Securities and Exchange
has been filed with and approved by the 1 hour, at an estimated total annual cost Commission, Office of FOIA Services,
Commission. Paragraph (d)(3) of the rule of $201.3 The Commission will not keep 100 F Street NE., Washington, DC
provides an exemption from this responses on Form N–17D–1 20549–2736.
requirement for any loan or advance of confidential.
credit to, or acquisition of securities or Extension:
The estimate of average burden hours Rule 17f–7, SEC File No. 270–470, OMB
other property of, a small business is made solely for the purposes of the
concern, or any agreement to do any of Control No. 3235–0529.
Paperwork Reduction Act, and is not
the foregoing (‘‘investments’’) made by a derived from a comprehensive or even Notice is hereby given that, pursuant
small business investment company a representative survey or study of the to the Paperwork Reduction Act of 1995
(‘‘SBIC’’) and an affiliated bank, costs of Commission rules. An agency (44 U.S.C. 3501–3521) (‘‘Paperwork
provided that reports about the may not conduct or sponsor, and a Reduction Act’’), the Securities and
investments are made on forms the Exchange Commission (the
Commission may prescribe. Rule 17d–2 1 As of December 31, 2016, two SBICs were ‘‘Commission’’) is soliciting comments
(17 CFR 270.17d–2) designates Form registered with the Commission. on the collections of information
N–17D–1 (17 CFR 274.00) (‘‘form’’) as 2 This estimate of hours is based on past summarized below. The Commission
the form for reports required by rule conversations with representatives of SBICs and plans to submit these existing
accountants that have filed the form.
sradovich on DSK3GMQ082PROD with NOTICES

17d–1. 3 Commission staff estimates that the annual
collections of information to the Office
SBICs and their affiliated banks use burden would be incurred by a senior accountant
of Management and Budget (‘‘OMB’’) for
form N–17D–1 to report any with an average hourly wage rate of $201 per hour. extension and approval.
contemporaneous investments in a This wage is from SIFMA’s Management & Rule 17f–7 (17 CFR 270.17f–7)
small business concern. The form Professional Earnings in the Securities Industry permits a fund under certain conditions
2013, modified to account for an 1800-hour work-
provides shareholders and persons year and inflation, and multiplied by 5.35 to
to maintain its foreign assets with an
seeking to make an informed decision account for bonuses, firm size, employee benefits, eligible securities depository, which has
about investing in an SBIC an and overhead. to meet minimum standards for a

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Document Created: 2017-02-22 00:08:18
Document Modified: 2017-02-22 00:08:18

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		82 FR 11391