82_FR_17772 82 FR 17703 - Proposed Collection; Comment Request

82 FR 17703 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

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

Page Range17703-17703
FR Document2017-07303

Federal Register, Volume 82 Issue 69 (Wednesday, April 12, 2017) 
[Federal Register Volume 82, Number 69 (Wednesday, April 12, 2017)]
[Notices]
[Page 17703]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-07303]


-----------------------------------------------------------------------

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:
    Regulations 14D and 14E (Schedule 14D-9), OMB Control No. 3235-
0102, SEC File No. 270-114

    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.
    Regulation 14D (17 CFR 240.14d-1--240.14d-11) and Regulation 14E 
(17 CFR 240.14e-1--240.14e-8) and related Schedule 14D-9 (17 CFR 
240.14d-101) require information important to security holders in 
deciding how to respond to tender offers. Schedule 14D-9 takes 
approximately 260.56 hours per response to prepare and is filed by 
approximately 169 companies annually. We estimate that 25% of the 
260.56 hours per response (65.14 hours) is prepared by the company for 
an annual reporting burden of 11,009 hours (65.14 hours per response x 
169 responses).
    Written comments are invited on: (a) Whether the 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 unless it displays a 
currently valid 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: April 6, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-07303 Filed 4-11-17; 8:45 am]
 BILLING CODE 8011-01-P

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 00:23:27
Document Modified: 2017-04-12 00:23:27
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 17703 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR