82 FR 27743 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 115 (June 16, 2017)

Page Range		27743-27743
FR Document		2017-12492
Federal Register, Volume 82 Issue 115 (Friday, June 16, 2017)
[Federal Register Volume 82, Number 115 (Friday, June 16, 2017)]
[Notices]
[Page 27743]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-12492]


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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 15c2-5, SEC File No. 270-195 ; OMB Control No. 3235-0198.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the existing 
collection of information provided for in Rule 15c2-5 (17 CFR 240.15c2-
5) 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.
    Rule 15c2-5 prohibits a broker-dealer from arranging or extending 
certain loans to persons in connection with the offer or sale of 
securities unless, before any element of the transaction is entered 
into, the broker-dealer: (1) Delivers to the person a written statement 
containing the exact nature and extent of the person's obligations 
under the loan arrangement; the risks and disadvantages of the loan 
arrangement; and all commissions, discounts, and other remuneration 
received and to be received in connection with the transaction by the 
broker-dealer or certain related persons (unless the person receives 
certain materials from the lender or broker-dealer which contain the 
required information); and (2) obtains from the person information on 
the person's financial situation and needs, reasonably determines that 
the transaction is suitable for the person, and retains on file and 
makes available to the person on request a written statement setting 
forth the broker-dealer's basis for determining that the transaction 
was suitable. The collection of information required by Rule 15c2-5 is 
necessary to execute the Commission's mandate under the Exchange Act to 
prevent fraudulent, manipulative, and deceptive acts and practices by 
broker-dealers.
    The Commission estimates that there are approximately 50 
respondents that require an aggregate total of 600 hours to comply with 
Rule 15c2-5.\1\ Each of these approximately 50 registered broker-
dealers makes an estimated six annual responses, for an aggregate total 
of 300 responses per year.\2\ Each response takes approximately two 
hours to complete. Thus, the total compliance burden per year is 600 
burden hours.\3\ The approximate internal compliance cost per hour is 
$57.00 for clerical labor,\4\ resulting in a total internal compliance 
cost of $34,200.\5\ These reflect internal labor costs; there are no 
external labor, capital, or start-up costs.
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    \1\ 50 respondents x 6 responses per year x 2 hours per response 
= 600 hours per year.
    \2\ 50 respondents x 6 responses per year = 300 responses per 
year.
    \3\ 300 responses per year x 2 hours per response = 600 hours 
per year.
    \4\ Cost per hour for a clerk is from SIFMA's Office Salaries in 
the Securities Industry 2013, modified by Commission staff to 
account for an 1800-hour work-year and multiplied by 2.93 to account 
for bonuses, firm size, employee benefits and overhead.
    \5\ 600 hours per year x $57.00 per hour = $34,200 per year.
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    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 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 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: PRA_Mailbox@sec.gov.

    Dated: June 12, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-12492 Filed 6-15-17; 8:45 am]
 BILLING CODE 8011-01-P
Federal Register / Vol. 82, No. 115 / Friday, June 16, 2017 / Notices 27743

Paper Comments Rule 15c2–5, SEC File No. 270–195 ; OMB cost per hour is $57.00 for clerical
Control No. 3235–0198. labor,4 resulting in a total internal
• Send paper comments in triplicate
Notice is hereby given that pursuant compliance cost of $34,200.5 These
to Secretary, Securities and Exchange
to the Paperwork Reduction Act of 1995 reflect internal labor costs; there are no
Commission, 100 F Street NE.,
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the external labor, capital, or start-up costs.
Washington, DC 20549–1090.
Securities and Exchange Commission Written comments are invited on: (a)
All submissions should refer to File No. (‘‘Commission’’) is soliciting comments Whether the proposed collection of
SR–BatsEDGX–2017–28. This file on the existing collection of information information is necessary for the proper
number should be included on the provided for in Rule 15c2–5 (17 CFR performance of the functions of the
subject line if email is used. To help the 240.15c2–5) under the Securities agency, including whether the
Commission process and review your Exchange Act of 1934 (15 U.S.C. 78a et information will have practical utility;
comments more efficiently, please use seq.) (‘‘Exchange Act’’). The (b) the accuracy of the agency’s estimate
only one method. The Commission will Commission plans to submit this of the burden of the collection of
post all comments on the Commission’s existing collection of information to the information; (c) ways to enhance the
Internet Web site (http://www.sec.gov/ Office of Management and Budget quality, utility, and clarity of the
rules/sro.shtml). Copies of the (‘‘OMB’’) for extension and approval. information collected; and (d) ways to
submission, all subsequent Rule 15c2–5 prohibits a broker-dealer minimize the burden of the collection of
amendments, all written statements from arranging or extending certain information on respondents, including
with respect to the proposed rule loans to persons in connection with the through the use of automated collection
change that are filed with the offer or sale of securities unless, before techniques or other forms of information
Commission, and all written any element of the transaction is entered technology. Consideration will be given
communications relating to the into, the broker-dealer: (1) Delivers to to comments and suggestions submitted
proposed rule change between the the person a written statement in writing within 60 days of this
Commission and any person, other than containing the exact nature and extent publication.
those that may be withheld from the of the person’s obligations under the An agency may not conduct or
public in accordance with the loan arrangement; the risks and sponsor, and a person is not required to
provisions of 5 U.S.C. 552, will be disadvantages of the loan arrangement; respond to, a collection of information
available for Web site viewing and and all commissions, discounts, and under the PRA unless it displays a
printing in the Commission’s Public other remuneration received and to be currently valid OMB control number.
Reference Room, 100 F Street NE., received in connection with the Please direct your written comments
Washington, DC 20549, on official transaction by the broker-dealer or to: Pamela Dyson, Director/Chief
business days between the hours of certain related persons (unless the Information Officer, Securities and
10:00 a.m. and 3:00 p.m. Copies of such person receives certain materials from Exchange Commission, c/o Remi Pavlik-
filing will also be available for the lender or broker-dealer which Simon, 100 F Street NE., Washington,
inspection and copying at the principal contain the required information); and DC 20549, or send an email to: PRA_
office of the Exchange. All comments (2) obtains from the person information Mailbox@sec.gov.
received will be posted without change; on the person’s financial situation and Dated: June 12, 2017.
the Commission does not edit personal needs, reasonably determines that the
identifying information from Eduardo A. Aleman,
transaction is suitable for the person,
submissions. You should submit only Assistant Secretary.
and retains on file and makes available
information that you wish to make to the person on request a written [FR Doc. 2017–12492 Filed 6–15–17; 8:45 am]
available publicly. All submissions statement setting forth the broker- BILLING CODE 8011–01–P
should refer to File No. SR–BatsEDGX– dealer’s basis for determining that the
2017–28 and should be submitted on or transaction was suitable. The collection
before July 7, 2017. SECURITIES AND EXCHANGE
of information required by Rule 15c2–5
COMMISSION
For the Commission, by the Division of is necessary to execute the
Trading and Markets, pursuant to delegated Commission’s mandate under the
authority.14 Exchange Act to prevent fraudulent, [Release No. 34–80909; File No. SR–MIAX–
Eduardo A. Aleman, manipulative, and deceptive acts and 2017–28]
Assistant Secretary. practices by broker-dealers.
Self-Regulatory Organizations: Notice
[FR Doc. 2017–12458 Filed 6–15–17; 8:45 am] The Commission estimates that there
of Filing and Immediate Effectiveness
BILLING CODE 8011–01–P are approximately 50 respondents that
of a Proposed Rule Change by Miami
require an aggregate total of 600 hours
International Securities Exchange, LLC
to comply with Rule 15c2–5.1 Each of
To Implement an Equity Rights
SECURITIES AND EXCHANGE these approximately 50 registered
Program
COMMISSION broker-dealers makes an estimated six
annual responses, for an aggregate total June 12, 2017.
Proposed Collection; Comment of 300 responses per year.2 Each Pursuant to the provisions of Section
Request response takes approximately two hours 19(b)(1) of the Securities Exchange Act
to complete. Thus, the total compliance of 1934 (‘‘Act’’) 1 and Rule 19b–4
Upon Written Request, Copies Available burden per year is 600 burden hours.3
sradovich on DSK3GMQ082PROD with NOTICES

From: Securities and Exchange The approximate internal compliance 4 Cost per hour for a clerk is from SIFMA’s Office
Commission, Office of FOIA Services,
Salaries in the Securities Industry 2013, modified
100 F Street NE., 1 50 respondents × 6 responses per year × 2 hours by Commission staff to account for an 1800-hour
Washington, DC 20549–2736. per response = 600 hours per year. work-year and multiplied by 2.93 to account for
2 50 respondents × 6 responses per year = 300 bonuses, firm size, employee benefits and overhead.
Extension: responses per year. 5 600 hours per year × $57.00 per hour = $34,200
3 300 responses per year × 2 hours per response per year.
14 17 CFR 200.30–3(a)(12). = 600 hours per year. 1 15 U.S.C. 78s(b)(1).

VerDate Sep<11>2014 17:12 Jun 15, 2017 Jkt 241001 PO 00000 Frm 00069 Fmt 4703 Sfmt 4703 E:\FR\FM\16JNN1.SGM 16JNN1
Document Created: 2017-06-16 00:52:19
Document Modified: 2017-06-16 00:52:19
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 27743