82 FR 44476 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 183 (September 22, 2017)

Page Range		44476-44477
FR Document		2017-20219

Federal Register, Volume 82 Issue 183 (Friday, September 22, 2017)

[Federal Register Volume 82, Number 183 (Friday, September 22, 2017)]
[Notices]
[Pages 44476-44477]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-20219]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-457, OMB Control No. 3235-0518]


Submission for OMB Review; 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:
    Form CB

    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'') has submitted to the Office of Management 
and Budget this request for extension of the previously approved 
collection of information discussed below.
    Form CB (17 CFR 239.800) is a document filed in connection with a 
tender offer for a foreign private issuer. This form is used to report 
an issuer tender offer conducted in compliance with Exchange Act Rule 
13e-4(h)(8) (17 CFR 240.13e-4(h)(8)), a third-party tender offer 
conducted in compliance with Exchange Act Rule 14d-1(c) (17 CFR 
240.14d-1(c)) and a going private transaction conducted in accordance 
with Rule 13e-3(g)(6) (17 CFR 240.13e-3(g)(6)). Form CB is also used by 
a subject company pursuant to Exchange Act Rule 14e-2(d) (17 CFR 
240.14e-

[[Page 44477]]

2(d)). This information is made available to the public. Information 
provided on Form CB is mandatory. Form CB takes approximately 0.5 hours 
per response to prepare and is filed by approximately 111 respondents 
annually. We estimate that 25% of the 0.5 hours per response (0.125 
hours) is prepared by the respondent for an annual reporting burden of 
14 hours (0.125 hours per response x 111 responses).
    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.
    The public may view the background documentation for this 
information collection at the following Web site, www.reginfo.gov . 
Comments should be directed to: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503, or by sending an email to: 
[email protected]; and (ii) 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]. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: September 15, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-20219 Filed 9-21-17; 8:45 am]
 BILLING CODE 8011-01-P

44476 Federal Register / Vol. 82, No. 183 / Friday, September 22, 2017 / Notices

Rule 433 (17 CFR 230.433) governs Rule 203–2 and Form ADV–W; SEC File required to respond to, a collection of
the use and filing of free writing No. 270–40, OMB Control No. 3235– information unless it displays a
prospectuses under the Securities Act of 0313 currently valid control number.
1933 (15 U.S.C. 77a et seq.). The Notice is hereby given that, pursuant The public may view the background
purpose of Rule 433 is to reduce the to the Paperwork Reduction Act of 1995 documentation for this information
restrictions on communications that an (44 U.S.C. 3501 et seq.), the Securities collection at the following Web site,
issuer can make to investors during a and Exchange Commission www.reginfo.gov. Comments should be
registered offering of its securities, (‘‘Commission’’) has submitted to the directed to: (i) Desk Officer for the
while maintaining important investor Office of Management and Budget Securities and Exchange Commission,
protections. A free writing prospectus (‘‘OMB’’) a request for extension of the Office of Information and Regulatory
meeting the conditions of Rule 433(d)(1) previously approved collection of Affairs, Office of Management and
must be filed with the Commission and information discussed below. Budget, Room 10102, New Executive
is publicly available. We estimate that it The title for the collection of Office Building, Washington, DC 20503,
takes approximately 1.28 burden hours information is ‘‘Rule 203–2 (17 CFR or by sending an email to: Shagufta_
per response to prepare a free writing 275.203–2) and Form ADV–W (17 CFR Ahmed@omb.eop.gov; and (ii) Pamela
prospectus and that the information is 279.2) under the Investment Advisers Dyson, Director/Chief Information
filed by 2,906 respondents Act of 1940 (15 U.S.C. 80b).’’ Rule 203– Officer, Securities and Exchange
approximately 5.4026 times per year for 2 under the Investment Advisers Act of Commission, c/o Remi Pavlik-Simon,
a total of 15,700 responses. We estimate 1940 establishes procedures for an 100 F Street NE., Washington, DC 20549
that 25% of the 1.28 burden hours per investment adviser to withdraw its or send an email to: PRA_Mailbox@
response (0.32 hours) is prepared by the registration or pending registration with sec.gov. Comments must be submitted to
issuer for total annual reporting burden the Commission. Rule 203–2 requires OMB within 30 days of this notice.
of approximately 5,024 hours (0.32 every person withdrawing from Dated: September 19, 2017.
hours × 15,700 responses). investment adviser registration with the Eduardo A. Aleman,
Commission to file Form ADV–W
An agency may not conduct or Assistant Secretary.
electronically on the Investment
sponsor, and a person is not required to Adviser Registration Depository [FR Doc. 2017–20218 Filed 9–21–17; 8:45 am]
respond to, a collection of information (‘‘IARD’’). The purpose of the BILLING CODE 8011–01–P
unless it displays a currently valid information collection is to notify the
control number. Commission and the public when an
SECURITIES AND EXCHANGE
The public may view the background investment adviser withdraws its
pending or approved SEC registration. COMMISSION
documentation for this information
collection at the following Web site, Typically, an investment adviser files a [SEC File No. 270–457, OMB Control No.
www.reginfo.gov . Comments should be Form ADV–W when it ceases doing 3235–0518]
directed to: (i) Desk Officer for the business or when it is ineligible to
Securities and Exchange Commission, remain registered with the Commission. Submission for OMB Review;
Office of Information and Regulatory The potential respondents to this Comment Request
Affairs, Office of Management and information collection are all Upon Written Request Copies Available
Budget, Room 10102, New Executive investment advisers registered with the From: Securities and Exchange
Office Building, Washington, DC 20503, Commission or have applications Commission, Office of FOIA Services,
or by sending an email to: Shagufta_ pending with the Commission. The 100 F Street NE., Washington, DC
Ahmed@omb.eop.gov; and (ii) Pamela Commission has estimated that 20549–2736
Dyson, Director/Chief Information compliance with the requirement to
complete Form ADV–W imposes a total Extension:
Officer, Securities and Exchange Form CB
Commission, c/o Remi Pavlik-Simon, burden of approximately 0.75 hours (45
100 F Street NE., Washington, DC 20549 minutes) for an adviser filing for full Notice is hereby given that, pursuant
or send an email to: PRA_Mailbox@ withdrawal and approximately 0.25 to the Paperwork Reduction Act of 1995
sec.gov. Comments must be submitted to hours (15 minutes) for an adviser filing (44 U.S.C. 3501 et seq.), the Securities
OMB within 30 days of this notice. for partial withdrawal. Based on and Exchange Commission
historical filings, the Commission (‘‘Commission’’) has submitted to the
Dated: September 19, 2017. Office of Management and Budget this
estimates that there are approximately
Eduardo A. Aleman, 741 respondents annually filing for full request for extension of the previously
Assistant Secretary. withdrawal and approximately 130 approved collection of information
[FR Doc. 2017–20221 Filed 9–21–17; 8:45 am] respondents annually filing for partial discussed below.
BILLING CODE 8011–01–P withdrawal. Based on these estimates, Form CB (17 CFR 239.800) is a
the total estimated annual burden document filed in connection with a
would be 588 hours ((741 respondents tender offer for a foreign private issuer.
SECURITIES AND EXCHANGE × .75 hours) + (130 respondents × .25 This form is used to report an issuer
COMMISSION hours)). tender offer conducted in compliance
Rule 203–2 and Form ADV–W do not with Exchange Act Rule 13e–4(h)(8) (17
Submission for OMB Review; require recordkeeping or records CFR 240.13e–4(h)(8)), a third-party
Comment Request retention. The collection of information tender offer conducted in compliance
requirements under the rule and form with Exchange Act Rule 14d–1(c) (17
Upon Written Request, Copies Available are mandatory. The information CFR 240.14d–1(c)) and a going private
From: Securities and Exchange collected pursuant to the rule and Form transaction conducted in accordance
Commission, Office of FOIA Services, ADV–W are filings with the with Rule 13e–3(g)(6) (17 CFR 240.13e–
100 F Street NE., Washington, DC Commission. These filings are not kept 3(g)(6)). Form CB is also used by a
20549–2736 confidential. An agency may not subject company pursuant to Exchange
Extension: conduct or sponsor, and a person is not Act Rule 14e–2(d) (17 CFR 240.14e–

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Federal Register / Vol. 82, No. 183 / Friday, September 22, 2017 / Notices 44477

2(d)). This information is made Standard Asia Corporate Single Name III. Discussion and Commission
available to the public. Information CDS contracts (collectively, ‘‘STASC Findings
provided on Form CB is mandatory. Contracts’’), Standard Asia Financial Section 19(b)(2)(C) of the Act directs
Form CB takes approximately 0.5 hours Corporate Single Name CDS contracts the Commission to approve a proposed
per response to prepare and is filed by (collectively, ‘‘STASFC Contracts’’), and rule change of a self-regulatory
approximately 111 respondents Standard Emerging Market Corporate organization if the Commission finds
annually. We estimate that 25% of the Single Name CDS contracts that the proposed rule change is
0.5 hours per response (0.125 hours) is (collectively, ‘‘STEMC Contracts’’). The consistent with the requirements of the
prepared by the respondent for an proposed rule change was published for Act and the rules and regulations
annual reporting burden of 14 hours thereunder applicable to such self-
comment in the Federal Register on July
(0.125 hours per response × 111 regulatory organization.10 Section
3, 2017.3 The Commission did not
responses). 17A(b)(3)(F) of the Act 11 requires that,
An agency may not conduct or receive comments on the proposed rule
change. On August 17, 2017, the among other things, that the rules of a
sponsor, and a person is not required to clearing agency be designed to promote
respond to, a collection of information Commission designated a longer period
for Commission action on the proposed the prompt and accurate clearance and
unless it displays a currently valid settlement of securities transactions
control number. rule change.4 For the reasons discussed
and, to the extent applicable, derivative
The public may view the background below, the Commission is approving the
agreements, contracts, and transactions,
documentation for this information proposed rule change.
to assure the safeguarding of securities
collection at the following Web site,
II. Description of the Proposed Rule and funds which are in the custody or
www.reginfo.gov . Comments should be
Change control of the clearing agency or for
directed to: (i) Desk Officer for the
which it is responsible and, in general,
Securities and Exchange Commission, The purpose of this proposed rule to protect investors and the public
Office of Information and Regulatory change is to provide the basis for ICC to interest.
Affairs, Office of Management and The Commission finds that the rule
clear additional credit default swap
Budget, Room 10102, New Executive change is consistent with the
contracts. Specifically, ICC has
Office Building, Washington, DC 20503, requirements of Section 17A of the
or by sending an email to: Shagufta_ proposed amending Chapter 26 of the
ICC Rules to add Subchapters 26O Act 12 and the rules and regulations
Ahmed@omb.eop.gov; and (ii) Pamela thereunder applicable to ICC. The
Dyson, Director/Chief Information (providing for the clearance of STASC
Contracts), 26P (providing for the Commission has reviewed the terms and
Officer, Securities and Exchange conditions of these contracts and has
Commission, c/o Remi Pavlik-Simon, clearance of STASFC Contracts), and
26Q (providing for the clearance of determined that they are substantially
100 F Street NE., Washington, DC 20549 similar to those that ICC currently
or send an email to: PRA_Mailbox@ STEMC Contracts). ICC has represented
clears, the key difference being the
sec.gov. Comments must be submitted to that proposed Subchapters 26O and 26Q
underlying reference obligations.
OMB within 30 days of this notice. have terms similar to those Subchapters Moreover, the Commission has
Dated: September 15, 2017. governing clearance of other corporate reviewed the Notice and ICC’s Rules,
Eduardo A. Aleman, single name CDS contracts,5 and that policies and procedures, which provide
Assistant Secretary. proposed Subchapter 26P has terms that the STASC, STASFC and STEMC
[FR Doc. 2017–20219 Filed 9–21–17; 8:45 am]
similar to those Subchapters governing Contracts will be cleared pursuant to
BILLING CODE 8011–01–P
clearance of other financial corporate ICC’s existing clearing arrangements and
single name CDS contracts.6 Therefore, related financial safeguards, protections
ICC states that the rules found in the and risk management procedures.13 In
SECURITIES AND EXCHANGE new Subchapters 26O, 26P, and 26Q addition, the Commission has evaluated
COMMISSION ‘‘largely mirror’’ the ICC Rules for information submitted by ICC, including
currently cleared contracts, ‘‘with data on volume, open interest, and the
[Release No. 34–81646; File No. SR–ICC–
2017–009] certain modifications that reflect number of ICC clearing participants
differences in terms and market (‘‘CPs’’) that currently trade in the
Self-Regulatory Organizations; ICE conventions.’’ 7 Each contract will be STASC, STASFC and STEMC Contracts
Clear Credit LLC; Order Approving denominated in United States Dollars.8 as well as certain model parameters for
Proposed Rule Change Relating to the ICC has also represented that clearing of the additional STASC, STASFC and
Clearance of Additional Credit Default the additional STASC, STASFC, and STEMC Contracts. Based on this review,
Swap Contracts STEMC Contracts will not require any the Commission finds that ICC’s rules,
policies, and procedures are reasonably
September 18, 2017. changes to ICC’s Risk Management
designed to price and measure the
Framework or other policies and potential risk presented by these
I. Introduction procedures constituting rules within the products; collect financial resources in
On June 13, 2017, ICE Clear Credit meaning of the Act.9 proportion to such risk; and liquidate
LLC (‘‘ICC’’) filed with the Securities these products in the event of a CP
and Exchange Commission 3 Securities Exchange Act Release No. 34–81030
default. Thus, the Commission finds
(‘‘Commission’’), pursuant to Section (June 27, 2017), 82 FR 30933 (July 3, 2017) (SR–
that acceptance of the additional
19(b)(1) of the Securities Exchange Act ICC–2017–009) (‘‘Notice’’).
4 Securities Exchange Act Release No. 34–81414 STASC, STASFC and STEMC Contracts,
of 1934 (‘‘Act’’) 1 and Rule 19b–4 on the terms and conditions set out in
(August 17, 2017), 82 FR 40050 (August 23, 2017)
thereunder,2 a proposed rule change to (SR–ICC–2017–009). ICC’s Rules, is consistent with the
revise the ICC Rulebook (the ‘‘Rules’’) in 5 Notice, 82 FR at 30934.

order to provide for the clearance of 6 Id. 10 15 U.S.C. 78s(b)(2)(C).
7 Id. 11 15 U.S.C. 78q–1(b)(3)(F).
1 15 U.S.C. 78s(b)(1). 8 Id. 12 15 U.S.C. 78q–1.
2 17 CFR 240.19b–4. 9 Id. 13 Notice, 82 FR at 30934.

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Document Created: 2017-09-22 01:52:26
Document Modified: 2017-09-22 01:52:26

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 44476