82 FR 32221 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 132 (July 12, 2017)

Page Range		32221-32221
FR Document		2017-14572

Federal Register, Volume 82 Issue 132 (Wednesday, July 12, 2017)

[Federal Register Volume 82, Number 132 (Wednesday, July 12, 2017)]
[Notices]
[Page 32221]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-14572]


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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 173, SEC File No. 270-557, OMB Control No. 3235-0618.

    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.
    Securities Act Rule 173 (17 CFR 230.173) provides a notice of 
registration to investors who purchased securities in a registered 
offering under the Securities Act of 1933 (15 U.S.C. 77a et seq.). A 
Rule 173 notice must be provided by underwriter or dealer to each 
investor who purchased securities from the underwriter or dealer. The 
Rule 173 notice is not publicly available. We estimate that it takes 
approximately 0.0167 hour per response to provide the information 
required under Rule 173 and that the information is filed by 
approximately 5,338 respondents approximately 43,546 times a year for a 
total of 232,448,548 responses. We estimate that the total annual 
reporting burden for Rule 173 is 3,881,891 hours (0.0167 hours per 
response x 232,448,548 responses).
    Written comments are invited on: (a) Whether this proposed 
collection of information is necessary for the 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 collections 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 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: July 7, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-14572 Filed 7-11-17; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 132 / Wednesday, July 12, 2017 / Notices 32221

available for Web site viewing and respondents approximately 43,546 times Management and Budget (OMB) for
printing in the Commission’s Public a year for a total of 232,448,548 extension and approval.
Reference Room, 100 F Street NE., responses. We estimate that the total Section 15(c)(2) of the Securities
Washington, DC 20549 on official annual reporting burden for Rule 173 is Exchange Act of 1934 (15 U.S. C. 78a et
business days between the hours of 3,881,891 hours (0.0167 hours per seq.) (the ‘‘Exchange Act’’) authorizes
10:00 a.m. and 3:00 p.m. Copies of the response × 232,448,548 responses). the Commission to promulgate rules
filing also will be available for Written comments are invited on: (a) that prescribe means reasonably
inspection and copying at the principal Whether this proposed collection of designed to prevent fraudulent,
office of the Exchange. All comments information is necessary for the deceptive, or manipulative practices in
received will be posted without change; performance of the functions of the connection with over-the-counter
the Commission does not edit personal agency, including whether the (‘‘OTC’’) securities transactions.
identifying information from information will have practical utility; Pursuant to this authority, the
submissions. You should submit only (b) the accuracy of the agency’s estimate Commission in 1989 adopted Rule 15a–
information that you wish to make of the burden imposed by the 6, which was subsequently redesignated
available publicly. All submissions collections of information; (c) ways to as Rule 15g–9, 17 CFR 240.15g–9 (the
should refer to File Number SR–CBOE– enhance the quality, utility, and clarity ‘‘Rule’’). The Rule requires broker-
2017–051 and should be submitted on of the information collected; and (d) dealers to produce a written suitability
or before August 2, 2017. ways to minimize the burden of the determination for, and to obtain a
For the Commission, by the Division of collection of information on written customer agreement to, certain
Trading and Markets, pursuant to delegated respondents, including through the use recommended transactions in penny
authority.14 of automated collection techniques or stocks that are not registered on a
Eduardo A. Aleman, other forms of information technology. national securities exchange, and whose
Assistant Secretary. Consideration will be given to issuers do not meet certain minimum
[FR Doc. 2017–14555 Filed 7–11–17; 8:45 am] comments and suggestions submitted in financial standards. The Rule is
writing within 60 days of this intended to prevent the indiscriminate
BILLING CODE 8011–01–P
publication. use by broker-dealers of fraudulent, high
An agency may not conduct or pressure telephone sales campaigns to
SECURITIES AND EXCHANGE sponsor, and a person is not required to sell penny stocks to unsophisticated
COMMISSION respond to, a collection of information customers.
unless it displays a currently valid The Commission staff estimates that
Proposed Collection; Comment control number. there are approximately 198 broker-
Request Please direct your written comment to dealers subject to the Rule. The burden
Pamela Dyson, Director/Chief of the Rule on a respondent varies
Upon Written Request Copies Available widely depending on the frequency
From: Securities and Exchange Information Officer, Securities and
Exchange Commission, c/o Remi Pavlik- with which new customers are solicited.
Commission, Office of FOIA Services, On the average for all respondents, the
100 F Street NE., Washington, DC Simon, 100 F Street NE., Washington,
DC 20549 or send an email to: PRA_ staff has estimated that respondents
20549–2736. process three new customers per week,
Mailbox@sec.gov.
Extension: or approximately 156 new customer
Rule 173, SEC File No. 270–557, OMB Dated: July 7, 2017. suitability determinations per year. We
Control No. 3235–0618. Eduardo A. Aleman, also estimate that a broker-dealer would
Notice is hereby given that, pursuant Assistant Secretary. expend approximately one-half hour per
to the Paperwork Reduction Act of 1995 [FR Doc. 2017–14572 Filed 7–11–17; 8:45 am] new customer in obtaining, reviewing,
(44 U.S.C. 3501 et seq.), the Securities BILLING CODE 8011–01–P and processing (including transmitting
and Exchange Commission to the customer) the information
(‘‘Commission’’) is soliciting comments required by Rule 15g–9, and each
on the collection of information SECURITIES AND EXCHANGE respondent would consequently spend
summarized below. The Commission COMMISSION 78 hours annually (156 customers × .5
plans to submit this existing collection hours) obtaining the information
of information to the Office of Proposed Collection; Comment required in the rule. We determined,
Management and Budget for extension Request based on the estimate of 198 broker-
and approval. Upon Written Request, Copies Available dealer respondents, that the current
Securities Act Rule 173 (17 CFR From: Securities and Exchange annual burden of Rule 15g–9 is 15,444
230.173) provides a notice of Commission, Office of FOIA Services, hours (198 respondents × 78 hours).
registration to investors who purchased Written comments are invited on: (a)
100 F Street NE., Washington, DC
securities in a registered offering under Whether the proposed collection of
20549–2736
the Securities Act of 1933 (15 U.S.C. 77a information is necessary for the proper
et seq.). A Rule 173 notice must be Extension: Rule 15g–9 performance of the functions of the
SEC File No. 270–325, OMB Control No. agency, including whether the
provided by underwriter or dealer to
3235–0385 information shall have practical utility;
each investor who purchased securities
asabaliauskas on DSKBBXCHB2PROD with NOTICES

from the underwriter or dealer. The Notice is hereby given that pursuant (b) the accuracy of the agency’s
Rule 173 notice is not publicly to the Paperwork Reduction Act of 1995 estimates of the burden of the proposed
available. We estimate that it takes (44 U.S.C. 3501 et seq.), the Securities collection of information; (c) ways to
approximately 0.0167 hour per response and Exchange Commission enhance the quality, utility, and clarity
to provide the information required (‘‘Commission’’) is soliciting comment of the information on respondents; and
under Rule 173 and that the information on the collection of information (d) ways to minimize the burden of the
is filed by approximately 5,338 described below. The Commission plans collection of information on
to submit this existing collection of respondents, including through the use
14 17 CFR 200.30–3(a)(12). information to the Office of of automated collection techniques or

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Document Created: 2017-07-12 03:00:11
Document Modified: 2017-07-12 03:00:11

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 32221