82_FR_27072 82 FR 26961 - Proposed Collection; Comment Request

82 FR 26961 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 111 (June 12, 2017)

Page Range26961-26962
FR Document2017-12089

Federal Register, Volume 82 Issue 111 (Monday, June 12, 2017) 
[Federal Register Volume 82, Number 111 (Monday, June 12, 2017)]
[Notices]
[Pages 26961-26962]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-12089]


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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-10; SEC File No. 270-154, OMB Control No. 3235-0122

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the existing 
collection of information provided for in Rule 17a-10, Report of 
Revenue and Expenses (17 CFR 240.17a-10), under the Securities Exchange 
Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange Act''). The Commission 
plans to submit this existing collection of information to the Office 
of Management and Budget (``OMB'') for extension and approval.
    The primary purpose of Rule 17a-10 is to obtain the economic and 
statistical data necessary for an ongoing analysis of the securities 
industry. Paragraph (a)(1) of Rule 17a-10 generally requires broker-
dealers that are exempted from the requirement to file monthly and 
quarterly reports pursuant to paragraph (a) of Exchange Act Rule 17a-5 
(17 CFR 240.17a-5) to file with the Commission the Facing Page, a 
Statement of Income (Loss), and balance sheet from Part IIA of Form X-
17A-5 \1\ (17 CFR 249.617), and Schedule I of Form X-17A-5 not later 
than 17 business days after the end of each calendar year.
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    \1\ Form X-17A-5 is the Financial and Operational Combined 
Uniform Single Report (``FOCUS Report''), which is used by broker-
dealers to provide certain required information to the Commission.
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    Paragraph (a)(2) of Rule 17a-10 requires a broker-dealer subject to 
Rule 17a-5(a) to submit Schedule I of Form X-17A-5 with its Form X-17A-
5 for the calendar quarter ending December 31 of each year. The burden 
associated with filing Schedule I of Form X-17A-5 is accounted for in 
the PRA filing associated with Rule 17a-5.
    Paragraph (b) of Rule 17a-10 provides that the provisions of 
paragraph (a) do not apply to members of national securities exchanges 
or registered national securities associations that maintain records 
containing the information required by Form X-17A-5 and which transmit 
to the Commission copies of the records pursuant to a plan which has 
been declared effective by the Commission.
    The Commission estimates that approximately 38 broker-dealers will 
spend an average of 12 hours per year complying with Rule 17a-10. Thus, 
the total compliance burden is estimated to be approximately 456 hours 
per year.
    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 
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.

[[Page 26962]]

    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].

    Dated: June 7, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-12089 Filed 6-9-17; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 111 / Monday, June 12, 2017 / Notices 26961 12.5 hours) + (0 amendments 4 × 3 confidential; the information collected Office of Management and Budget hours)). The average internal cost of is public information. (‘‘OMB’’) for extension and approval. compliance per response is $4,761 (11.5 Written comments are invited on: (a) The primary purpose of Rule 17a–10 legal hours multiplied by an average Whether the proposed collection of is to obtain the economic and statistical hourly rate of $396 5 plus 1 hour of information is necessary for the proper data necessary for an ongoing analysis paralegal work multiplied by an average performance of the functions of the of the securities industry. Paragraph hourly rate of $207 6). The total resulting Commission, including whether the (a)(1) of Rule 17a–10 generally requires internal cost of compliance for a information shall have practical utility; broker-dealers that are exempted from respondent is $14,283 per year (3 (b) the accuracy of the Commission’s the requirement to file monthly and responses × $4,761 per response). estimates of the burden of the proposed quarterly reports pursuant to paragraph In addition to filing its proposed rule collection of information; (c) ways to (a) of Exchange Act Rule 17a–5 (17 CFR changes and any amendments thereto enhance the quality, utility, and clarity 240.17a–5) to file with the Commission with the Commission, a respondent is of the information collected; and (d) the Facing Page, a Statement of Income also required to post each of its ways to minimize the burden of the (Loss), and balance sheet from Part IIA proposals and any amendments thereto, collection of information on of Form X–17A–5 1 (17 CFR 249.617), on its Web site. This process takes respondents, including through the use and Schedule I of Form X–17A–5 not approximately 0.5 hours to complete per of automated collection techniques or later than 17 business days after the end proposal and 0.5 hours per amendment. other forms of information technology. of each calendar year. Consideration will be given to Paragraph (a)(2) of Rule 17a–10 Thus, for approximately 3 responses comments and suggestions submitted in requires a broker-dealer subject to Rule and 0 amendments,7 the total annual writing within 60 days of this 17a–5(a) to submit Schedule I of Form reporting burden on a respondent to X–17A–5 with its Form X–17A–5 for the post these on its Web site is 1.5 hours publication. An agency may not conduct or calendar quarter ending December 31 of ((3 proposals per year × 0.5 hours per each year. The burden associated with filing) + (0 amendments × 0.5 hours)). sponsor, and a person is not required to respond to, a collection of information filing Schedule I of Form X–17A–5 is Further, a respondent is required to accounted for in the PRA filing update its rulebook, which it maintains under the PRA unless it displays a currently valid OMB control number. associated with Rule 17a–5. on its Web site, to reflect the changes Paragraph (b) of Rule 17a–10 provides that it makes in each proposal and any Please direct your written comments to: Pamela Dyson, Director/Chief that the provisions of paragraph (a) do amendment thereto. Thus, for all filings not apply to members of national that were not withdrawn by a Information Officer, Securities and Exchange Commission, c/o Remi Pavlik- securities exchanges or registered respondent (0 withdrawn filings in national securities associations that calendar years 2014–2016) or Simon, 100 F Street NE., Washington, DC 20549, or send an email to: PRA_ maintain records containing the disapproved by the Commission (0 information required by Form X–17A–5 disapproved filings in calendar years Mailbox@sec.gov. and which transmit to the Commission 2014–2016), a respondent was required Dated: June 7, 2017. copies of the records pursuant to a plan to update its online rulebook to reflect Eduardo A. Aleman, which has been declared effective by the the effectiveness of 3 filings on average, Assistant Secretary. Commission. each of which takes approximately 4 [FR Doc. 2017–12087 Filed 6–9–17; 8:45 am] The Commission estimates that hours to complete per proposal. Thus, BILLING CODE 8011–01–P approximately 38 broker-dealers will the total annual reporting burden for spend an average of 12 hours per year updating an online rulebook is 12 hours complying with Rule 17a–10. Thus, the ((3 filings per year ¥ 0 withdrawn SECURITIES AND EXCHANGE total compliance burden is estimated to filings ¥ 0 disapproved filings) × 4 COMMISSION be approximately 456 hours per year. hours). Written comments are invited on: (a) Compliance with Rule 19b–7 is Proposed Collection; Comment Whether the proposed collection of mandatory. Information received in Request information is necessary for the proper response to Rule 19b–7 is not kept performance of the functions of the Upon Written Request, Copies Available Commission, including whether the From: Securities and Exchange information shall have practical utility; 4 SEC staff notes that even though no Commission, Office of FOIA Services, (b) the accuracy of the Commission’s amendments were received in the previous three years and that staff does not anticipate the receipt 100 F Street NE., Washington, DC estimates of the burden of the proposed of any amendments, calculation of amendments is 20549–2736. collection of information; (c) ways to a separate step in the calculation of the PRA burden Extension: and it is possible that amendments are filed in the enhance the quality, utility, and clarity future. Therefore, instead of removing the Rule 17a–10; SEC File No. 270–154, OMB of the information collected; and (d) calculation altogether, staff has shown the Control No. 3235–0122 ways to minimize the burden of the calculation as anticipating zero amendments. Notice is hereby given that pursuant collection of information on 5 The $396 per hour figure for an Attorney is from to the Paperwork Reduction Act of 1995 respondents, including through the use SIFMA’s Management & Professional Earnings in the Securities Industry 2013, modified by (44 U.S.C. 3501 et seq.) (‘‘PRA’’), the of automated collection techniques or Commission staff to account for inflation and an Securities and Exchange Commission other forms of information technology. 1800-hour work-year and then multiplied by 5.35 Consideration will be given to asabaliauskas on DSKBBXCHB2PROD with NOTICES (‘‘Commission’’) is soliciting comments to account for bonuses, firm size, employee comments and suggestions submitted in benefits, and overhead. on the existing collection of information 6 The $207 per hour figure for a Paralegal is from provided for in Rule 17a–10, Report of writing within 60 days of this SIFMA’s Management & Professional Earnings in Revenue and Expenses (17 CFR publication. the Securities Industry 2013, modified by 240.17a–10), under the Securities Commission staff to account for inflation and an Exchange Act of 1934 (15 U.S.C. 78a et 1 Form X–17A–5 is the Financial and Operational 1800-hour work-year and then multiplied by 5.35 Combined Uniform Single Report (‘‘FOCUS to account for bonuses, firm size, employee seq.) (‘‘Exchange Act’’). The Report’’), which is used by broker-dealers to benefits, and overhead. Commission plans to submit this provide certain required information to the 7 See supra note 4. existing collection of information to the Commission. VerDate Sep<11>2014 17:28 Jun 09, 2017 Jkt 241001 PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 E:\FR\FM\12JNN1.SGM 12JNN1

26962 Federal Register / Vol. 82, No. 111 / Monday, June 12, 2017 / Notices An agency may not conduct or designated examining authority. Notices SECURITIES AND EXCHANGE sponsor, and a person is not required to prepared pursuant to Rule 17f–2(e) must COMMISSION respond to, a collection of information be maintained for as long as the covered under the PRA unless it displays a [Release No. 34–80868; File No. SR– entity claims an exemption from the currently valid OMB control number. PEARL–2017–28] fingerprinting requirements of Rule 17f– Please direct your written comments 2. The recordkeeping requirement under Self-Regulatory Organizations; MIAX to: Pamela Dyson, Director/Chief Rule 17f–2(e) assists the Commission PEARL, LLC; Notice of Filing and Information Officer, Securities and and other regulatory agencies with Immediate Effectiveness of a Proposed Exchange Commission, c/o Remi Pavlik- ensuring compliance with Rule 17f–2. Rule Change To Amend MIAX PEARL Simon, 100 F Street NE., Washington, Rule 406, Long Term Option Contracts DC 20549, or send an email to: PRA_ We estimate that approximately 75 Mailbox@sec.gov. respondents will incur an average June 6, 2017. burden of 30 minutes per year to Pursuant to the provisions of Section Dated: June 7, 2017. comply with this rule, which represents 19(b)(1) of the Securities Exchange Act Eduardo A. Aleman, the time it takes for a staff person at a of 1934 (‘‘Act’’) 1 and Rule 19b–4 Assistant Secretary. covered entity to properly document a thereunder,2 notice is hereby given that [FR Doc. 2017–12089 Filed 6–9–17; 8:45 am] claimed exemption from the on June 5, 2017, MIAX PEARL, LLC BILLING CODE 8011–01–P fingerprinting requirements of Rule 17f– (‘‘MIAX PEARL’’ or ‘‘Exchange’’) filed 2 in the required Notice and to properly with the Securities and Exchange retain the Notice according to the Commission (‘‘Commission’’) a SECURITIES AND EXCHANGE COMMISSION entity’s record retention policies and proposed rule change as described in procedures. The total annual burden for Items I and II below, which Items have Proposed Collection; Comment all covered entities is approximately 38 been prepared by the Exchange. The Request hours (75 entities × .5 hours, rounded Commission is publishing this notice to up). solicit comments on the proposed rule Upon Written Request, Copies Available change from interested persons. From: Securities and Exchange Written comments are invited on: (a) Commission, Office of FOIA Services, Whether the proposed collection of I. Self-Regulatory Organization’s 100 F Street NE., Washington, DC information is necessary for the proper Statement of the Terms of Substance of 20549–2736 performance of the functions of the the Proposed Rule Change Commission, including whether the The Exchange is filing a proposal to Extension: Rule 17f–2(e); SEC File No. 270–37, OMB information shall have practical utility; amend Exchange Rule 406, Long Term Control No. 3235–0031 (b) the accuracy of the Commission’s Option Contracts. estimates of the burden of the proposed The text of the proposed rule change Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 collection of information; (c) ways to is available on the Exchange’s Web site (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the enhance the quality, utility, and clarity at http://www.miaxoptions.com/rule- Securities and Exchange Commission of the information collected; and (d) filings/pearl at MIAX PEARL’s principal (‘‘Commission’’) is soliciting comments ways to minimize the burden of the office, and at the Commission’s Public on the collection of information collection of information on Reference Room. provided for in Rule 17f–2(e) (17 CFR respondents, including through the use II. Self-Regulatory Organization’s 240.17f–2(e)) under the Securities of automated collection techniques or Statement of the Purpose of, and Exchange Act of 1934 (15 U.S.C. 78a et other forms of information technology. Statutory Basis for, the Proposed Rule seq.). The Commission plans to submit Consideration will be given to Change this existing collection of information to comments and suggestions submitted in the Office of Management and Budget writing within 60 days of this In its filing with the Commission, the (‘‘OMB’’) for extension and approval. publication. Exchange included statements Rule 17f–2(e) requires every member concerning the purpose of and basis for An agency may not conduct or the proposed rule change and discussed of a national securities exchange, sponsor, and a person is not required to broker, dealer, registered transfer agent, any comments it received on the respond to, a collection of information proposed rule change. The text of these and registered clearing agency (‘‘covered under the PRA unless it displays a statements may be examined at the entities’’) claiming an exemption from currently valid OMB control number. places specified in Item IV below. The the fingerprinting requirements of Rule 17f–2 to make and keep current a Please direct your written comments Exchange has prepared summaries, set statement entitled ‘‘Notice Pursuant to to: Pamela Dyson, Director/Chief forth in sections A, B, and C below, of Rule 17f–2’’ (‘‘Notice’’) containing the Information Officer, Securities and the most significant aspects of such information specified in paragraph (e)(1) Exchange Commission, c/o Remi Pavlik- statements. to support their claim of exemption. Simon, 100 F Street NE., Washington, A. Self-Regulatory Organization’s Rule 17f–2(e) contains no filing DC 20549, or send an email to: Statement of the Purpose of, and the requirement. Instead, paragraph (e)(2) PRA_Mailbox@sec.gov. Statutory Basis for, the Proposed Rule asabaliauskas on DSKBBXCHB2PROD with NOTICES requires covered entities to keep a copy Change Dated: June 7, 2017. of the Notice in an easily accessible place at the organization’s principal Eduardo A. Aleman, 1. Purpose office and at the office employing the Assistant Secretary. The Exchange is proposing to amend persons for whom exemptions are [FR Doc. 2017–12088 Filed 6–9–17; 8:45 am] Exchange Rule 406, Long Term Option claimed and to make the Notice BILLING CODE 8011–01–P Contracts, to make three simple available upon request for inspection by the Commission, appropriate regulatory 1 15 U.S.C. 78s(b)(1). agency (if not the Commission) or other 2 17 CFR 240.19b–4. VerDate Sep<11>2014 17:28 Jun 09, 2017 Jkt 241001 PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 E:\FR\FM\12JNN1.SGM 12JNN1


Document Created: 2017-06-10 01:40:34
Document Modified: 2017-06-10 01:40:34
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 26961 
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