82_FR_17771 82 FR 17702 - Proposed Collection; Comment Request

82 FR 17702 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 69 (April 12, 2017)

Page Range17702-17703
FR Document2017-07302

Federal Register, Volume 82 Issue 69 (Wednesday, April 12, 2017) 
[Federal Register Volume 82, Number 69 (Wednesday, April 12, 2017)]
[Notices]
[Pages 17702-17703]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-07302]


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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 701, [OMB Control No. 3235-0522, SEC File No. 270-306].

    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 701 (17 CFR 230.701) under the Securities Act of 1933 
(``Securities Act'') (15 U.S.C. 77a et seq.) provides an exemption for 
certain issuers from the registration requirements of the Securities 
Act for limited offerings and sales of securities issued under 
compensatory benefit plans or contracts. The purpose of Rule 701 is to 
ensure that a basic level of information is available to employees and 
others when substantial amounts of securities are issued in 
compensatory arrangements. We estimate that approximately 300 companies 
annually rely on the Rule 701 exemption and that it takes 2 hours to 
prepare each response. We estimate that 25% of the 2 hours per response 
(0.5 hours) is prepared by the company for a total annual reporting 
burden of 150 hours (0.5 hours per response x 300 responses).
    Written comments are invited on: (a) 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; (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

[[Page 17703]]

unless it displays a currently valid control number.
    Please direct your written comment 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: April 6, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-07302 Filed 4-11-17; 8:45 am]
 BILLING CODE 8011-01-P

17702 Federal Register / Vol. 82, No. 69 / Wednesday, April 12, 2017 / Notices subject line if email is used. To help the plans to submit this existing collection SECURITIES AND EXCHANGE Commission process and review your of information to the Office of COMMISSION comments more efficiently, please use Management and Budget for extension only one method. The Commission will and approval. Proposed Collection; Comment post all comments on the Commission’s Request Rule 13e–3 (17 CFR 240.13e–3) and Internet Web site (http://www.sec.gov/ Upon Written Request Copies Available Schedule 13E–3 (17 CFR 240.13e– rules/sro.shtml). Copies of the From: Securities and Exchange submission, all subsequent 100)—Rule 13e–3 prescribes the filing, disclosure and dissemination Commission, Office of FOIA Services, amendments, all written statements 100 F Street NE., Washington, DC with respect to the proposed rule requirements in connection with a going private transaction by an issuer or an 20549–2736. change that are filed with the Commission, and all written affiliate. Schedule 13E–3 provides Extension: communications relating to the shareholders and the marketplace with Rule 701, [OMB Control No. 3235–0522, material information concerning a going SEC File No. 270–306]. proposed rule change between the Commission and any person, other than private transaction. The information Notice is hereby given that, pursuant those that may be withheld from the collected permits verification of to the Paperwork Reduction Act of 1995 public in accordance with the compliance with securities laws (44 U.S.C. 3501 et seq.), the Securities provisions of 5 U.S.C. 552, will be requirements and ensures the public and Exchange Commission available for Web site viewing and availability and dissemination of the (‘‘Commission’’) is soliciting comments printing in the Commission’s Public collected information. We estimate that on the collection of information Reference Room, 100 F Street NE., Schedule 13E–3 is filed by summarized below. The Commission Washington, DC 20549, on official approximately 77 issuers annually and plans to submit this existing collection business days between the hours of of information to the Office of it takes approximately 137.42 hours per 10:00 a.m. and 3:00 p.m. Copies of the Management and Budget for extension response. We estimate that 25% of the and approval. filing also will be available for 137.42 hours per response (34.36 hours) inspection and copying at the principal Rule 701 (17 CFR 230.701) under the is prepared by the filer for a total annual Securities Act of 1933 (‘‘Securities Act’’) office of the Exchange. All comments reporting burden of 2,646 hours (34.36 (15 U.S.C. 77a et seq.) provides an received will be posted without change; the Commission does not edit personal hours per response × 77 responses). exemption for certain issuers from the identifying information from Written comments are invited on: (a) registration requirements of the submissions. You should submit only Whether the collection of information is Securities Act for limited offerings and information that you wish to make necessary for the proper performance of sales of securities issued under available publicly. All submissions the functions of the agency, including compensatory benefit plans or contracts. should refer to File Number SR– whether the information will have The purpose of Rule 701 is to ensure PEARL–2017–16 and should be practical utility; (b) the accuracy of the that a basic level of information is submitted on or before May 3, 2017. available to employees and others when agency’s estimate of the burden imposed substantial amounts of securities are For the Commission, by the Division of by the collection of information; (c) Trading and Markets, pursuant to delegated issued in compensatory arrangements. ways to enhance the quality, utility, and We estimate that approximately 300 authority.26 clarity of the information collected; and Eduardo A. Aleman, companies annually rely on the Rule (d) ways to minimize the burden of the 701 exemption and that it takes 2 hours Assistant Secretary. collection of information on to prepare each response. We estimate [FR Doc. 2017–07304 Filed 4–11–17; 8:45 am] respondents, including through the use that 25% of the 2 hours per response BILLING CODE 8011–01–P of automated collection techniques or (0.5 hours) is prepared by the company other forms of information technology. for a total annual reporting burden of Consideration will be given to 150 hours (0.5 hours per response × 300 SECURITIES AND EXCHANGE comments and suggestions submitted in responses). COMMISSION Written comments are invited on: (a) writing within 60 days of this Proposed Collection; Comment publication. Whether the proposed collection of Request An agency may not conduct or information is necessary for the proper sponsor, and a person is not required to performance of the functions of the Upon Written Request Copies Available agency, including whether the From: Securities and Exchange respond to, a collection of information information will have practical utility; Commission, Office of FOIA Services, unless it displays a currently valid (b) the accuracy of the agency’s estimate 100 F Street NE., Washington, DC control number. of the burden imposed by the collection 20549–2736 Please direct your written comment to of information; (c) ways to enhance the Extension: Pamela Dyson, Director/Chief quality, utility, and clarity of the Rule 13e–3 (Schedule 13E–3), OMB Information Officer, Securities and information collected; and (d) ways to Control No. 3235–0007, SEC File No. Exchange Commission, c/o Remi Pavlik- minimize the burden of the collection of 270–1 Simon, 100 F Street NE., Washington, information on respondents, including Notice is hereby given that, pursuant DC 20549 or send an email to: PRA_ through the use of automated collection to the Paperwork Reduction Act of 1995 Mailbox@sec.gov. techniques or other forms of information mstockstill on DSK30JT082PROD with NOTICES (44 U.S.C. 3501 et seq.), the Securities technology. Consideration will be given Dated: April 6, 2017. and Exchange Commission to comments and suggestions submitted (‘‘Commission’’) is soliciting comments Eduardo A. Aleman, in writing within 60 days of this on the collection of information Assistant Secretary. publication. summarized below. The Commission [FR Doc. 2017–07299 Filed 4–11–17; 8:45 am] An agency may not conduct or BILLING CODE 8011–01–P sponsor, and a person is not required to 26 17 CFR 200.30–3(a)(12). respond to, a collection of information VerDate Sep<11>2014 18:45 Apr 11, 2017 Jkt 241001 PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 E:\FR\FM\12APN1.SGM 12APN1

Federal Register / Vol. 82, No. 69 / Wednesday, April 12, 2017 / Notices 17703 unless it displays a currently valid collection of information on exceptions, the Rule prohibits broker- control number. respondents, including through the use dealers from publishing a quotation for Please direct your written comment to of automated collection techniques or a security, or submitting a quotation for Pamela Dyson, Director/Chief other forms of information technology. publication, in a quotation medium Information Officer, Securities and Consideration will be given to unless they have reviewed specified Exchange Commission, c/o Remi Pavlik- comments and suggestions submitted in information concerning the security and Simon, 100 F Street NE., Washington, writing within 60 days of this the issuer. DC 20549 or send an email to: PRA_ publication. Based on information provided by Mailbox@sec.gov. An agency may not conduct or Financial Industry Regulatory Dated: April 6, 2017. sponsor, and a person is not required to Authority, Inc. (‘‘FINRA’’), in the 2016 Eduardo A. Aleman, respond to, a collection of information calendar year, FINRA received unless it displays a currently valid approximately 461 applications from Assistant Secretary. control number. broker-dealers to initiate or resume [FR Doc. 2017–07302 Filed 4–11–17; 8:45 am] Please direct your written comments publication of quotations of covered BILLING CODE 8011–01–P to Pamela Dyson, Director/Chief OTC securities on the OTC Bulletin Information Officer, Securities and Board and/or OTC Link or other Exchange Commission, c/o Remi Pavlik- quotation mediums. We estimate that (i) SECURITIES AND EXCHANGE Simon, 100 F Street NE., Washington, 195 of the covered OTC securities were COMMISSION DC 20549 or send an email to: PRA_ issued by reporting issuers, while the Proposed Collection; Comment Mailbox@sec.gov. other 266 were issued by non-reporting Request Dated: April 6, 2017. issuers, and (ii) it will take a broker- Eduardo A. Aleman, dealer about 4 hours to review, record Upon Written Request Copies Available and retain the information pertaining to Assistant Secretary. From: Securities and Exchange a reporting issuer, and about 8 hours to [FR Doc. 2017–07303 Filed 4–11–17; 8:45 am] Commission, Office of FOIA Services, review, record and retain the 100 F Street NE., Washington, DC BILLING CODE 8011–01–P information pertaining to a non- 20549–2736 reporting issuer. Extension: SECURITIES AND EXCHANGE We therefore estimate that broker- Regulations 14D and 14E (Schedule 14D– COMMISSION dealers who initiate or resume 9), OMB Control No. 3235–0102, SEC publication of quotations for covered File No. 270–114 Proposed Collection; Comment OTC securities of reporting issuers will Notice is hereby given that, pursuant Request require 780 hours (195 × 4) to review, to the Paperwork Reduction Act of 1995 record and retain the information Upon Written Request, Copies Available required by the Rule. We estimate that (44 U.S.C. 3501 et seq.), the Securities From: Securities and Exchange broker-dealers who initiate or resume and Exchange Commission Commission, Office of FOIA Services, publication of quotations for covered (‘‘Commission’’) is soliciting comments 100 F Street NE., Washington, DC OTC securities of non-reporting issuers on the collection of information 20549–2736 will require 2128 hours (266 × 8) to summarized below. The Commission plans to submit this existing collection Extension: review, record and retain the of information to the Office of Rule 15c2–11, SEC File No. 270–196, OMB information required by the Rule. Thus, Management and Budget for extension Control No. 3235–0202 we estimate the total annual burden and approval. Notice is hereby given that, pursuant hours for broker-dealers to initiate or Regulation 14D (17 CFR 240.14d–1— to the Paperwork Reduction Act of 1995 resume publication of quotations of 240.14d–11) and Regulation 14E (17 (44 U.S.C. 3501 et seq.) (‘‘PRA’’), the covered OTC securities to be 2908 hours CFR 240.14e–1—240.14e–8) and related Securities and Exchange Commission (780 + 2128). The Commission believes Schedule 14D–9 (17 CFR 240.14d–101) (‘‘Commission’’) is soliciting comments that compliance costs for these 2,908 require information important to on the existing collection of information hours would be borne by internal staff security holders in deciding how to provided for in Rule 15c2–11, (17 CFR working at a rate of $57 per hour.1 respond to tender offers. Schedule 14D– 240.15c2–11), under the Securities Subject to certain exceptions, the Rule 9 takes approximately 260.56 hours per Exchange Act of 1934 (15 U.S.C. 78a et prohibits broker-dealers from publishing response to prepare and is filed by seq.) (‘‘Exchange Act’’). The a quotation for a security, or submitting approximately 169 companies annually. Commission plans to submit this a quotation for publication, in a We estimate that 25% of the 260.56 existing collection of information to the quotation medium unless they have hours per response (65.14 hours) is Office of Management and Budget reviewed specified information prepared by the company for an annual (‘‘OMB’’) for extension and approval. concerning the security and the issuer. reporting burden of 11,009 hours (65.14 Rule 15c2–11 under the Securities The broker-dealer must also make the hours per response × 169 responses). Exchange Act regulates the initiation or information reasonably available upon Written comments are invited on: (a) resumption of quotations in a quotation request to any person expressing an Whether the collection of information is medium by a broker-dealer for over-the- interest in a proposed transaction in the necessary for the proper performance of counter (‘‘OTC’’) securities. The Rule security with such broker or dealer. The the functions of the agency, including was designed primarily to prevent collection of information that is mstockstill on DSK30JT082PROD with NOTICES whether the information will have certain manipulative and fraudulent submitted to FINRA for review and practical utility; (b) the accuracy of the trading schemes that had arisen in agency’s estimate of the burden imposed connection with the distribution and 1 $57 per hour figure for a General Clerk is from by the collection of information; (c) trading of unregistered securities issued SIFMA’s Office Salaries in the Securities Industry 2013, modified by Commission staff to account for ways to enhance the quality, utility, and by shell companies or other companies an 1800-hourwork-year and inflation, and clarity of the information collected; and having outstanding but infrequently multiplied by 2.93 to account for bonuses, firm size, (d) ways to minimize the burden of the traded securities. Subject to certain employee benefits and overhead. VerDate Sep<11>2014 18:45 Apr 11, 2017 Jkt 241001 PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 E:\FR\FM\12APN1.SGM 12APN1


Document Created: 2017-04-12 00:23:33
Document Modified: 2017-04-12 00:23:33
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation82 FR 17702 
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