82 FR 17492 - Self-Regulatory Organizations; LCH SA; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Retroactively Apply Recently-Revised Fee Schedule
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 68 (April 11, 2017)
Federal Register Volume 82, Issue 68 (April 11, 2017)
| Page Range | 17492-17494 | |
| FR Document | 2017-07178 |
[Federal Register Volume 82, Number 68 (Tuesday, April 11, 2017)] [Notices] [Pages 17492-17494] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-07178] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-80379; File No. SR-LCH SA-2017-002] Self-Regulatory Organizations; LCH SA; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Retroactively Apply Recently-Revised Fee Schedule April 5, 2017. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on March 30, 2017, Banque Centrale de Compensation, which conducts business under the name LCH SA (``LCH SA''), filed with the Securities and Exchange Commission (``Commission'') the proposed rule change described in Items I and II below, which Items have been primarily prepared by LCH SA. LCH SA filed the proposed rule change pursuant to Section 19(b)(3)(A) of the Act,\3\ and Rule 19b-4(f)(6) thereunder.\4\ The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ 15 U.S.C. 78s(b)(3)(A). \4\ 17 CFR 240.19b-4(f)(6). --------------------------------------------------------------------------- I. Clearing Agency's Statement of the Terms of Substance of the Proposed Rule Change, Security-Based Swap Submission, or Advance Notice The proposed rule change will retroactively apply LCH SA's recently-revised fee schedule \5\ from January 1, 2017 through February 17, 2017, the date that the revised schedule became effective. --------------------------------------------------------------------------- \5\ Changes to the fee schedule included (1) a modification of the annual fixed fee that covers all self-clearing activity for a Clearing Member and its affiliates under the Unlimited Tariff, (2) addition of an annual fixed fee for all General Members that participate in the CDS Clearing Services under the Introductory Tariff, and (3) removal of the volume-based discounts previously in effect for the client clearing activities of the CDS Clearing Service. See Securities Exchange Act Release No. 34-80114 (February 27, 2017), 82 FR 12481 (March 3, 2017). --------------------------------------------------------------------------- II. Clearing Agency's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change, Security-Based Swap Submission, or Advance Notice In its filing with the Commission, LCH SA included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. LCH SA has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Clearing Agency's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change, Security-Based Swap Submission, or Advance Notice 1. Purpose The purpose of the proposed rule change is to retroactively apply LCH SA's recently-revised fee schedule beginning January 1, 2017. The purpose of the CDSClear fee grid revisions was to: (1) Modify the annual fixed fee that covers all self-clearing activity for a Clearing Member and its affiliates under the Unlimited Tariff, (2) establish an annual fixed fee for all General Members that participate in the CDS Clearing Services under the Introductory Tariff, and (3) remove the volume-based discounts previously in effect for the client clearing activities of the CDS Clearing Service. LCH SA was registered on December 29, 2016 but had long-standing plans to revise the fee schedule with an intended effective date of January 1, 2017. The need to apply the fees retroactively results from being granted registration on December 29, 2016, only one (1) full business day prior to the expected effective date on January 1, which, when coupled with technological difficulties (including purchase of a digital certificate) associated with the filing process, resulted in LCH SA not being able to submit the filing on December 30, 2016, as LCH SA initially anticipated. Because LCH SA had also intended the fee change to become effective by January 1, 2017 it had already gone through the member consultation process, meaning that members were aware of the pending change in fee structure, including the proposed effective date of January 1, 2017. Additionally, LCH SA's national competent authorities had been advised of the proposed fee change that had already gone through the regulatory review process with the Commodity Futures Trading Commission (``CFTC'') in a manner that would have permitted the fee change to take effect on January 1, 2017.\6\ --------------------------------------------------------------------------- \6\ See http://www.cftc.gov/filings/orgrules/rule121516lchsadco001.pdf. --------------------------------------------------------------------------- In that way, the proposed fee change was published on LCH SA's Web site no later than December 14, 2016, when it was self-certified to the CFTC pursuant to CFTC Rule 40.6. 2. Statutory Basis LCH SA believes that the proposal is consistent with the provisions of Section 17A of the Act, in general and in particular with Section 17A(b)(3)(D) of the Act requiring the equitable allocation of reasonable dues, fees and other charges.\7\ --------------------------------------------------------------------------- \7\ 15 U.S.C. 78q-1(b)(3)(D). --------------------------------------------------------------------------- LCH believes that applying the fees retroactively is reasonable. The fees would have been applicable absent the year end Commission registration as well as the technological difficulties LCH SA encountered with the submission of the filing. The members of LCH SA were consulted in advance and were fully aware that such fees were intended to be applicable by January 1, 2017. Section 17A(b)(3)(D) of the Act requires that the rules of a clearing agency provide for the equitable allocation of reasonable dues, fees, and other charges.\8\ With respect to the Unlimited Tariff, LCH SA has determined that the reduction in the Unlimited Tariff fixed fee for General Members with respect to self-clearing activity on behalf of the Clearing Member and its affiliates is reasonable and appropriate given the costs and expenses to LCH SA. With CDSClear now reaching a maturity stage in its development and the introduction of mandatory clearing of OTC derivatives [[Page 17493]] in 2017, which will result in an increase in CDS client clearing activities, it is appropriate that the costs and expenses that LCH SA will incur in providing the CDS Clearing Service are shared more broadly among General Members and their clients that participate in the service. For the same reasons, LCH SA has determined that the cap on self-clearing fees, inclusive of the annual fixed fee, applicable to General Members electing the Introductory Tariff, should be lowered to the same amount as the revised Unlimited Tariff. --------------------------------------------------------------------------- \8\ 15 U.S.C. 78q-1(b)(3)(D). --------------------------------------------------------------------------- With respect to the annual fixed fee for General Members under the Introductory Tariff, LCH SA has determined that implementing an annual fixed fee for all General Members that participate in the CDS Clearing Service under the Introductory Tariff (which fee is separate from and in addition to the self-clearing and client clearing variable fees currently assessed), is reasonable and appropriate given the costs and expenses to LCH SA in providing the services to General Members. The fee assures that all General Members that benefit from the CDS Clearing Service pay an appropriate fee for such services, such as being consulted on potential rules, product and service changes, as well as benefiting from unlimited support for product and system training and testing, without regard to whether such General Members engage in CDS clearing activities. The proposed rule changes, therefore, are consistent with the requirements of Section 17A of the Act \9\ and regulations thereunder applicable to it, because they provide for the equitable allocation of reasonable fees, dues, and other charges among clearing members and market participants by ensuring that General Members and their clients pay reasonable fees and dues for the services that LCH SA provides. --------------------------------------------------------------------------- \9\ 15 U.S.C. 78q-1. --------------------------------------------------------------------------- With respect to the removal of volume-based discounts, LCH SA has determined that removing the volume-based discounts for CDS client clearing activities is reasonable and appropriate given the costs and expenses to LCH SA in providing such services. The elimination of volume-based discounts will assure that clients pay an appropriate proportionate share of the costs and expenses that LCH SA will incur in providing the CDS Clearing Service. B. Clearing Agency's Statement on Burden on Competition Section 17A(b)(3)(I) of the Act requires that the rules of a clearing agency not impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act.\10\ --------------------------------------------------------------------------- \10\ 15 U.S.C. 78q-1(b)(3)(I). --------------------------------------------------------------------------- LCH SA does not believe that the proposed retroactive application of the fee changes from January 1, 2017 would impose any burden on competition. LCH SA believes that the reduction in the annual Tariffs assessed on General Members with respect to self-clearing activity are reasonable and appropriate, as the Tariffs will apply equally to all General Members that self-clear CDS under the Unlimited Tariff. Additionally, LCH SA believes that an annual fixed fee for all General Members that participate in the CDS Clearing Service under the Introductory Tariff, which fee is separate from and in addition to the self-clearing and client clearing variable fees currently assessed, is appropriate in light of the expenses incurred by LCH SA in providing its services. Further, LCH SA believes that removing the volume-based discounts for CDS client clearing activities is reasonable and appropriate, as the clearing fees will apply equally to all clients that participate in the CDS Clearing Service. The retroactive application of the fee changes will apply to all CDSClear members and will not adversely affect their ability to engage in cleared transactions or to access clearing services. C. Clearing Agency's Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others Written comments relating to the proposed rule change have not been solicited or received. LCH SA will notify the Commission of any written comments received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not (i) significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, if consistent with the protection of investors and the public interest, the proposed rule change has become effective pursuant to Section 19(b)(3)(A) \11\ of the Act and Rule 19b-4(f)(6) thereunder.\12\ --------------------------------------------------------------------------- \11\ 15 U.S.C. 78s(b)(3)(A). \12\ 17 CFR 240.19b-4(f)(6). --------------------------------------------------------------------------- LCH SA has asked the Commission to waive the 30-day operative delay so that the proposed rule change may become operative immediately upon filing. According to LCH SA, the proposed retroactive application of the recently-revised fee schedule does not significantly affect the protection of investors or the public interest because LCH SA, its members, and its other regulators all expected that the revised fee schedule would apply starting on January 1, 2017. After careful consideration, the Commission agrees that a waiver of the 30-day operative delay is appropriate under the particular facts and circumstances concerning this proposed rule change. The only reason LCH SA could not implement its revised fee schedule as planned was the Commission's approval of its registration on December 29, 2016, which did not leave LCH SA sufficient time to satisfy all of the technical requirements to file proposed rule changes with the Commission. Moreover, the Commission notes that the retroactive fee change will have no impact on U.S. customers or members, further lessening any investor protection or public interest concerns associated with the retroactive application of a fee schedule to the date all parties expected it would become effective. Accordingly, the Commission designates the proposed rule change to be operative upon filing.\13\ --------------------------------------------------------------------------- \13\ For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic CommentsUse the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml) or Send an email to [email protected]. Please include File Number SR-LCH SA-2017-002 on the subject line. [[Page 17494]] Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File Number SR-LCH SA-2017-002. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission's Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of such filings will also be available for inspection and copying at the principal office of LCH SA and on LCH SA's Web site at http://www.lch.com/asset-classes/cdsclear. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-LCH SA-2017-002 and should be submitted on or before May 2, 2017. --------------------------------------------------------------------------- \14\ 17 CFR 200.30-3(a)(12). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\14\ Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-07178 Filed 4-10-17; 8:45 am] BILLING CODE 8011-01-P
![17492 Federal Register / Vol. 82, No. 68 / Tuesday, April 11, 2017 / Notices
those that may be withheld from the I. Clearing Agency’s Statement of the technological difficulties (including
public in accordance with the Terms of Substance of the Proposed purchase of a digital certificate)
provisions of 5 U.S.C. 552, will be Rule Change, Security-Based Swap associated with the filing process,
available for Web site viewing and Submission, or Advance Notice resulted in LCH SA not being able to
printing in the Commission’s Public The proposed rule change will submit the filing on December 30, 2016,
Reference Room, 100 F Street NE., retroactively apply LCH SA’s recently- as LCH SA initially anticipated.
Washington, DC 20549 on official revised fee schedule 5 from January 1, Because LCH SA had also intended
business days between the hours of 2017 through February 17, 2017, the the fee change to become effective by
10:00 a.m. and 3:00 p.m. Copies of such date that the revised schedule became January 1, 2017 it had already gone
filing also will be available for effective. through the member consultation
inspection and copying at the principal process, meaning that members were
office of the Exchange. All comments II. Clearing Agency’s Statement of the aware of the pending change in fee
received will be posted without change; Purpose of, and Statutory Basis for, the structure, including the proposed
the Commission does not edit personal Proposed Rule Change, Security-Based effective date of January 1, 2017.
identifying information from Swap Submission, or Advance Notice Additionally, LCH SA’s national
submissions. You should submit only In its filing with the Commission, competent authorities had been advised
information that you wish to make LCH SA included statements concerning of the proposed fee change that had
available publicly. All submissions the purpose of and basis for the already gone through the regulatory
should refer to File No. SR–NASDAQ– proposed rule change and discussed any review process with the Commodity
2017–030, and should be submitted on comments it received on the proposed Futures Trading Commission (‘‘CFTC’’)
or before May 2, 2017. rule change. The text of these statements in a manner that would have permitted
For the Commission, by the Division of may be examined at the places specified the fee change to take effect on January
Trading and Markets, pursuant to delegated in Item IV below. LCH SA has prepared 1, 2017.6
authority.8 summaries, set forth in sections A, B, In that way, the proposed fee change
Eduardo A. Aleman, and C below, of the most significant was published on LCH SA’s Web site no
aspects of such statements. later than December 14, 2016, when it
Assistant Secretary.
was self-certified to the CFTC pursuant
[FR Doc. 2017–07179 Filed 4–10–17; 8:45 am] A. Clearing Agency’s Statement of the to CFTC Rule 40.6.
BILLING CODE 8011–01–P Purpose of, and Statutory Basis for, the
Proposed Rule Change, Security-Based 2. Statutory Basis
Swap Submission, or Advance Notice LCH SA believes that the proposal is
SECURITIES AND EXCHANGE consistent with the provisions of
COMMISSION 1. Purpose
Section 17A of the Act, in general and
The purpose of the proposed rule in particular with Section 17A(b)(3)(D)
[Release No. 34–80379; File No. SR–LCH change is to retroactively apply LCH of the Act requiring the equitable
SA–2017–002] SA’s recently-revised fee schedule allocation of reasonable dues, fees and
beginning January 1, 2017. other charges.7
Self-Regulatory Organizations; LCH The purpose of the CDSClear fee grid LCH believes that applying the fees
SA; Notice of Filing and Immediate revisions was to: (1) Modify the annual retroactively is reasonable. The fees
Effectiveness of Proposed Rule fixed fee that covers all self-clearing would have been applicable absent the
Change To Retroactively Apply activity for a Clearing Member and its year end Commission registration as
Recently-Revised Fee Schedule affiliates under the Unlimited Tariff, (2) well as the technological difficulties
establish an annual fixed fee for all LCH SA encountered with the
April 5, 2017. General Members that participate in the submission of the filing. The members
Pursuant to Section 19(b)(1) of the CDS Clearing Services under the of LCH SA were consulted in advance
Securities Exchange Act of 1934 Introductory Tariff, and (3) remove the and were fully aware that such fees
(‘‘Act’’),1 and Rule 19b-4 thereunder,2 volume-based discounts previously in were intended to be applicable by
notice is hereby given that on March 30, effect for the client clearing activities of January 1, 2017.
2017, Banque Centrale de the CDS Clearing Service. Section 17A(b)(3)(D) of the Act
Compensation, which conducts LCH SA was registered on December requires that the rules of a clearing
business under the name LCH SA (‘‘LCH 29, 2016 but had long-standing plans to agency provide for the equitable
SA’’), filed with the Securities and revise the fee schedule with an intended allocation of reasonable dues, fees, and
Exchange Commission (‘‘Commission’’) effective date of January 1, 2017. other charges.8 With respect to the
the proposed rule change described in The need to apply the fees Unlimited Tariff, LCH SA has
Items I and II below, which Items have retroactively results from being granted determined that the reduction in the
been primarily prepared by LCH SA. registration on December 29, 2016, only Unlimited Tariff fixed fee for General
LCH SA filed the proposed rule change one (1) full business day prior to the Members with respect to self-clearing
pursuant to Section 19(b)(3)(A) of the expected effective date on January 1, activity on behalf of the Clearing
Act,3 and Rule 19b–4(f)(6) thereunder.4 which, when coupled with Member and its affiliates is reasonable
The Commission is publishing this and appropriate given the costs and
5 Changes to the fee schedule included (1) a
notice to solicit comments on the expenses to LCH SA. With CDSClear
modification of the annual fixed fee that covers all
srobinson on DSK5SPTVN1PROD with NOTICES
proposed rule change from interested self-clearing activity for a Clearing Member and its now reaching a maturity stage in its
persons. affiliates under the Unlimited Tariff, (2) addition of development and the introduction of
an annual fixed fee for all General Members that mandatory clearing of OTC derivatives
8 17 participate in the CDS Clearing Services under the
CFR 200.30–3(a)(12).
1 15
Introductory Tariff, and (3) removal of the volume-
U.S.C. 78s(b)(1). based discounts previously in effect for the client
6 See http://www.cftc.gov/filings/orgrules/
2 17 CFR 240.19b–4. rule121516lchsadco001.pdf.
clearing activities of the CDS Clearing Service. See
3 15 U.S.C. 78s(b)(3)(A). 7 15 U.S.C. 78q–1(b)(3)(D).
Securities Exchange Act Release No. 34–80114
4 17 CFR 240.19b–4(f)(6). (February 27, 2017), 82 FR 12481 (March 3, 2017). 8 15 U.S.C. 78q–1(b)(3)(D).
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![17494 Federal Register / Vol. 82, No. 68 / Tuesday, April 11, 2017 / Notices
Paper Comments 100 F Street NE., Washington, DC Commission, including whether the
20549–27363 information shall have practical utility;
• Send paper comments in triplicate (b) the accuracy of the Commission’s
to Secretary, Securities and Exchange Extension:
Rule 17a–2, SEC File No. 270–189, OMB estimates of the burden of the proposed
Commission, 100 F Street NE., collection of information; (c) ways to
Control No. 3235–0201
Washington, DC 20549–1090. enhance the quality, utility, and clarity
Notice is hereby given that pursuant
All submissions should refer to File to the Paperwork Reduction Act of 1995 of the information to be collected; and
Number SR–LCH SA–2017–002. This (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the (d) ways to minimize the burden of the
file number should be included on the Securities and Exchange Commission collection of information on
subject line if email is used. To help the (‘‘Commission’’) is soliciting comments respondents, including through the use
Commission process and review your on the existing collection of information of automated collection techniques or
comments more efficiently, please use provided for in Rule 17a–2 (17 CFR other forms of information technology.
only one method. The Commission will 240.17a–2), under the Securities Consideration will be given to
post all comments on the Commission’s Exchange Act of 1934 (15 U.S.C. 78a et comments and suggestions submitted in
Internet Web site (http://www.sec.gov/ seq.). The Commission plans to submit writing within 60 days of this
rules/sro.shtml). Copies of the this existing collection of information to publication.
submission, all subsequent the Office of Management and Budget An agency may not conduct or
amendments, all written statements (‘‘OMB’’) for extension and approval. sponsor, and a person is not required to
with respect to the proposed rule Rule 17a–2—Recordkeeping respond to, a collection of information
change that are filed with the Requirements Relating to Stabilizing unless it displays a currently valid OMB
Commission, and all written Activities—requires underwriters to control number.
communications relating to the maintain information regarding Please direct your written comments
proposed rule change between the stabilizing activities conducted in to: Pamela Dyson, Director/Chief
Commission and any person, other than accordance with Rule 104 of Regulation Information Officer, Securities and
those that may be withheld from the M. The collections of information under Exchange Commission, c/o Remi Pavlik-
public in accordance with the Regulation M and Rule 17a–2 are Simon, 100 F Street NE., Washington,
provisions of 5 U.S.C. 552, will be necessary for covered persons to obtain DC 20549 or send an email to:
available for Web site viewing and certain benefits or to comply with PRA_Mailbox@sec.gov.
printing in the Commission’s Public certain requirements. The collections of
Reference Room, 100 F Street NE., Dated: April 6, 2017.
information are necessary to provide the
Washington, DC 20549, on official Eduardo A. Aleman,
Commission with information regarding
business days between the hours of syndicate covering transactions and Assistant Secretary.
10:00 a.m. and 3:00 p.m. Copies of such penalty bids. The Commission may [FR Doc. 2017–07250 Filed 4–10–17; 8:45 am]
filings will also be available for review this information during periodic BILLING CODE 8011–01–P
inspection and copying at the principal examinations or with respect to
office of LCH SA and on LCH SA’s Web investigations. Except for the
site at http://www.lch.com/asset- information required to be kept under
classes/cdsclear. All comments received Rule 104(i) (17 CFR 242.104(i)) and Rule SOCIAL SECURITY ADMINISTRATION
will be posted without change; the 17a–2(c), none of the information
Commission does not edit personal required to be collected or disclosed for [Docket No: SSA–2017–0017]
identifying information from PRA purposes will be kept confidential.
submissions. You should submit only The recordkeeping requirement of Rule Agency Information Collection
information that you wish to make 17a–2 requires the information be Activities: Proposed Request
available publicly. maintained in a separate file, or in a
All submissions should refer to File separately retrievable format, for a The Social Security Administration
Number SR–LCH SA–2017–002 and period of three years, the first two years (SSA) publishes a list of information
should be submitted on or before May in an easily accessible place, consistent collection packages requiring clearance
2, 2017. with the requirements of Exchange Act by the Office of Management and
Rule 17a–4(f) (17 CFR 240.17a–4(f)). Budget (OMB) in compliance with
For the Commission, by the Division of
Trading and Markets, pursuant to delegated There are approximately 716 Public Law 104–13, the Paperwork
authority.14 respondents per year that require an Reduction Act of 1995, effective October
Eduardo A. Aleman, aggregate total of 3,580 hours to comply 1, 1995. This notice includes revisions
with this rule. Each respondent makes of OMB-approved information
Assistant Secretary.
an estimated 1 annual response. Each collections.
[FR Doc. 2017–07178 Filed 4–10–17; 8:45 am]
response takes approximately 5 hours to SSA is soliciting comments on the
BILLING CODE 8011–01–P
complete. Thus, the total compliance accuracy of the agency’s burden
burden per year is 3,580 burden hours. estimate; the need for the information;
SECURITIES AND EXCHANGE The total estimated internal compliance its practical utility; ways to enhance its
COMMISSION cost for the respondents is quality, utility, and clarity; and ways to
approximately $232,700, resulting in an minimize burden on respondents,
internal cost of compliance for each including the use of automated
srobinson on DSK5SPTVN1PROD with NOTICES
Proposed Collection; Comment
Request respondent per response of collection techniques or other forms of
approximately $325.00 (i.e., information technology. Mail, email, or
Upon Written Request, Copies Available $232,700.00/716 responses). fax your comments and
From: Securities and Exchange Written comments are invited on: (a) recommendations on the information
Commission, Office of FOIA Services, Whether the proposed collection of collection(s) to the OMB Desk Officer
information is necessary for the proper and SSA Reports Clearance Officer at
14 17 CFR 200.30–3(a)(12). performance of the functions of the the following addresses or fax numbers.
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Document Created: 2017-04-11 00:48:47
Document Modified: 2017-04-11 00:48:47
| 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 17492 |
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