82 FR 22362 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 92 (May 15, 2017)

Page Range		22362-22363
FR Document		2017-09729

Federal Register, Volume 82 Issue 92 (Monday, May 15, 2017)

[Federal Register Volume 82, Number 92 (Monday, May 15, 2017)]
[Notices]
[Pages 22362-22363]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-09729]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-520, OMB Control No. 3235-0577]


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 30b1-5

    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 (the ``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 (``OMB'') for extension and approval.
    Rule 30b1-5 (17 CFR 270.30b1-5) under the Investment Company Act of 
1940 (15 U.S.C. 80a-1 et seq.) (the ``Investment Company Act'') 
requires registered management investment companies, other than small 
business investment companies registered on Form N-5 (17 CFR 239.24 and 
274.5) (``funds''), to file a quarterly report via the Commission's 
EDGAR system on Form N-Q (17 CFR 249.332 and 274.130), not more than 
sixty calendar days after the close of each first and third fiscal 
quarter, containing their complete portfolio holdings. The purpose of 
the collection of information required by rule 30b1-5 is to meet the 
disclosure requirements of the Investment Company Act and to provide 
investors with information necessary to evaluate an interest in the 
fund by improving the transparency of information about the fund's 
portfolio holdings.
    The Commission estimates that there are 2,380 management investment 
companies, with a total of approximately 11,757 portfolios, that are 
governed by the rule. For purposes of this analysis, the burden 
associated with the requirements of rule 30b1-5 has been included in 
the collection of information requirements of Form N-Q, rather than the 
rule.
    The collection of information under rule 30b1-5 is mandatory. The 
information provided under rule 30b1-5 is not kept confidential. 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 OMB control number.
    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 of 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

[[Page 22363]]

technology. Consideration will be given to comments and suggestions 
submitted in writing within 60 days of this publication.
    Please direct your written comments to Pamela Dyson, 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: May 9, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-09729 Filed 5-12-17; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 92 / Monday, May 15, 2017 / Notices 22363

technology. Consideration will be given same time, within approximately 30 must send the list or lists of arbitrators
to comments and suggestions submitted days after the last answer is due, to all parties at the same time within
in writing within 60 days of this regardless of the parties’ agreement to approximately 30 days after the last
publication. extend any answer due date. answer is due.8
Please direct your written comments The text of the proposed rule change Currently, when parties to an
to Pamela Dyson, Chief Information is available on FINRA’s Web site at arbitration agree to extend the deadline
Officer, Securities and Exchange http://www.finra.org, at the principal for when an answer is due, the ODR
Commission, C/O Remi Pavlik-Simon, office of FINRA and at the Director uses that new, agreed-upon
100 F Street NE., Washington, DC Commission’s Public Reference Room. extended answer due date as the last
20549; or send an email to: PRA_ answer due date for sending the
II. Self-Regulatory Organization’s
Mailbox@sec.gov. arbitrator list or lists to the parties.9
Statement of the Purpose of, and
FINRA believes that by sending the
Dated: May 9, 2017. Statutory Basis for, the Proposed Rule
arbitrator list or lists after the original
Eduardo A. Aleman, Change
due date for the last answer, regardless
Assistant Secretary. In its filing with the Commission, of any extension, it can shorten the time
[FR Doc. 2017–09729 Filed 5–12–17; 8:45 am] FINRA included statements concerning it takes for an arbitration to conclude in
BILLING CODE 8011–01–P the purpose of and basis for the those instances. Party agreements to
proposed rule change and discussed any extend answer due dates would no
comments it received on the proposed longer affect the timing of providing the
SECURITIES AND EXCHANGE rule change. The text of these statements arbitrator list or lists to the parties.
COMMISSION may be examined at the places specified
in Item IV below. FINRA has prepared Proposed Rule Change
[Release No. 34–80634; File No. SR–FINRA–
2017–009] summaries, set forth in sections A, B, FINRA is proposing to amend FINRA
and C below, of the most significant Rules 12402(c)(1), 12403(b)(1), and
Self-Regulatory Organizations; aspects of such statements. 13403(c)(1) to provide that the ODR
Financial Industry Regulatory Director will send the list or lists
A. Self-Regulatory Organization’s
Authority, Inc.; Notice of Filing of a generated by NLSS to all parties at the
Statement of the Purpose of, and
Proposed Rule Change Relating To same time, within approximately 30
Statutory Basis for, the Proposed Rule
Expediting List Selection in Arbitration days after the last answer is due,
Change
regardless of the parties’ agreement to
May 9, 2017. 1. Purpose extend any answer due date.
Pursuant to Section 19(b)(1) of the Background As parties must return the ranked
Securities Exchange Act of 1934 arbitrator list or lists to the ODR
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 Under the Codes, a party must serve Director no more than 20 days after the
notice is hereby given that on April 26, an answer on each other party to an date upon which the ODR Director sent
2017, Financial Industry Regulatory arbitration within the timeframes the list or lists to the parties,10 sending
Authority, Inc. (‘‘FINRA’’) filed with the specified under the applicable the list or lists after the original due date
Securities and Exchange Commission provisions of the Codes. For example, for the last answer would give all parties
(‘‘Commission’’) the proposed rule FINRA Rule 12303 requires a the same amount of time to create their
change as described in Items I, II, and respondent to serve an answer ranked arbitrator list or lists. Further,
III below, which Items have been specifying the relevant facts and FINRA believes that sending the list or
prepared by FINRA. The Commission is available defenses to the statement of lists at this time would result in earlier
publishing this notice to solicit claim on each other party to the arbitrator appointment and, therefore,
comments on the proposed rule change arbitration within 45 days of receipt of an earlier initial prehearing conference
from interested persons. the statement of claim (the ‘‘answer due at which the hearings are scheduled.11
date’’).4 If there are multiple In the many instances in which the
I. Self-Regulatory Organization’s respondents to an arbitration, and the parties agree to extend an answer due
Statement of the Terms of Substance of respondents are added at different date, FINRA believes the proposed rule
the Proposed Rule Change times, each respondent would have a change would help arbitrations
FINRA is proposing to amend FINRA different answer due date.5 The Codes conclude in less time than they do
Rules 12402 and 12403 of the Code of require the ODR Director 6 to wait until under current rules.
Arbitration Procedure for Customer after the last answer is due 7 to send the As noted in Item 2 of this filing, if the
Disputes (‘‘Customer Code’’) and FINRA list or lists of arbitrators generated by Commission approves the proposed rule
Rule 13403 of the Code of Arbitration NLSS to the parties. Specifically, the change, FINRA will announce the
Procedure for Industry Disputes Codes provide that the ODR Director effective date of the proposed rule
(‘‘Industry Code,’’ and together with the change in a Regulatory Notice to be
of striking and ranking the arbitrators on a list or published no later than 60 days
Customer Code, the ‘‘Codes’’), to lists generated by NLSS.
provide that the Director of FINRA’s 4 See also FINRA Rule 13303.
following Commission approval. The
Office of Dispute Resolution (‘‘ODR 5 If an amended claim adds a new party to the
effective date will be no later than 30
Director’’) will send the list or lists arbitration, the new party would be required to
8 The Codes also state that the parties will receive
generated by the Neutral List Selection serve an answer on all other parties within 45 days
of receipt of the claim. See FINRA Rules 12306, employment history for the past 10 years and other
jstallworth on DSK7TPTVN1PROD with NOTICES

System (‘‘NLSS’’) 3 to all parties at the 12310, 13306, and 13310. background information for each arbitrator listed.
6 Unless the Codes provide that the ODR Director See FINRA Rules 12402, 12403, and 13403.
1 15U.S.C. 78s(b)(1). 9 In 2015, parties requested an extension to
may not delegate a specific function, the term
2 17CFR 240.19b–4. includes FINRA staff to whom the ODR Director has answer in approximately 65 percent of arbitration
3 NLSS is a computer system that generates, on a delegated authority. See FINRA Rules 12100(k) and cases served; in 2016, the figure was approximately
random basis, a list or lists of arbitrators from 13100(k). See also FINRA Rules 12103 and 13103. 62 percent.
10 See FINRA Rules 12402(d)(3), 12403(c)(3), and
FINRA’s rosters of arbitrators for the selected 7 The answer due date for the last respondent

hearing location for each arbitration proceeding. added to the arbitration would be when the last 13404(d).
The parties will select their panel through a process answer is due for purposes of the Codes. 11 See FINRA Rules 12500(c) and 13500(c).

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Document Created: 2017-05-13 02:38:56
Document Modified: 2017-05-13 02:38:56

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 22362