82 FR 56294 - Proposed Collection; Comment Request
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 227 (November 28, 2017)
Federal Register Volume 82, Issue 227 (November 28, 2017)
| Page Range | 56294-56294 | |
| FR Document | 2017-25710 |
[Federal Register Volume 82, Number 227 (Tuesday, November 28, 2017)] [Notices] [Page 56294] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-25710] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270-305, OMB Control No. 3235-0346] 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 34b-1 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 for extension and approval. Rule 34b-1 under the Investment Company Act (17 CFR 270.34b-1) governs sales material that accompanies or follows the delivery of a statutory prospectus (``sales literature''). Rule 34b-1 deems to be materially misleading any investment company (``fund'') sales literature required to be filed with the Securities and Exchange Commission (``Commission'') by Section 24(b) of the Investment Company Act (15 U.S.C. 80a-24(b)) that includes performance data, unless the sales literature also includes the appropriate uniformly computed data and the legend disclosure required in investment company advertisements by rule 482 under the Securities Act of 1933 (17 CFR 230.482). Requiring the inclusion of such standardized performance data in sales literature is designed to prevent misleading performance claims by funds and to enable investors to make meaningful comparisons among funds. The Commission estimates that on average approximately 208 respondents file 13,004 \1\ responses that include the information required by rule 34b-1 each year. The burden resulting from the collection of information requirements of rule 34b-1 is estimated to be 2 hours per response. The total hourly burden for rule 34b-1 is approximately 26,008 hours per year in the aggregate.\2\ --------------------------------------------------------------------------- \1\ The estimated number of responses to rule 34b-1 is composed of 12,772 responses filed with FINRA and 232 responses filed with the Commission in 2016. \2\ 13,004 responses x 2 hours per response = 26,008 hours. --------------------------------------------------------------------------- The collection of information under rule 34b-1 is mandatory. The information provided under rule 34b-1 is not kept confidential. The Commission 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 proposed performance of the functions of the agency, including whether 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. 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]. November 22, 2017. Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-25710 Filed 11-27-17; 8:45 am] BILLING CODE P
![56294 Federal Register / Vol. 82, No. 227 / Tuesday, November 28, 2017 / Notices
U.S.C. 78a et seq.). The Commission SECURITIES AND EXCHANGE information provided under rule 34b–1
plans to submit this existing collection COMMISSION is not kept confidential. The
of information to the Office of Commission may not conduct or
[SEC File No. 270–305, OMB Control No.
Management and Budget (‘‘OMB’’) for 3235–0346]
sponsor, and a person is not required to
extension and approval. respond to, a collection of information
Rule 17a–19 requires every national Proposed Collection; Comment unless it displays a currently valid OMB
Request control number.
securities exchange and registered
Written comments are invited on: (a)
national securities association to file a Upon Written Request, Copies Available Whether the proposed collection of
Form X–17A–19 with the Commission From: Securities and Exchange information is necessary for the
and the Securities Investor Protection Commission, Office of FOIA Services, proposed performance of the functions
Corporation (‘‘SIPC’’) within 5 business 100 F Street NE., Washington, DC of the agency, including whether
days of the initiation, suspension, or 20549–2736 information will have practical utility;
termination of any member and, when Extension: (b) the accuracy of the agency’s estimate
terminating the membership interest of Rule 34b–1 of the burden of the collection of
any member, to notify that member of information; (c) ways to enhance the
its obligation to file financial reports as Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995 quality, utility, and clarity of the
required by Exchange Act Rule 17a–5(b) information collected; and (d) ways to
(44 U.S.C. 3501 et seq.) the Securities
(17 CFR 240.17a–5(b)). minimize the burden of the collection of
and Exchange Commission (the
Commission staff anticipates that the ‘‘Commission’’) is soliciting comments information on respondents, including
national securities exchanges and on the collection of information through the use of automated collection
registered national securities summarized below. The Commission techniques or other forms of information
associations collectively will make 800 plans to submit this existing collection technology. Consideration will be given
total filings annually pursuant to Rule of information to the Office of to comments and suggestions submitted
17a-19 and that each filing will take Management and Budget for extension in writing within 60 days of this
approximately 15 minutes. The total and approval. publication.
reporting burden is estimated to be Rule 34b–1 under the Investment Please direct your written comments
approximately 200 total annual hours. Company Act (17 CFR 270.34b–1) to Pamela Dyson, Director/Chief
governs sales material that accompanies Information Officer, Securities and
Written comments are invited on: (a) Exchange Commission, c/o Remi Pavlik-
Whether the proposed collection of or follows the delivery of a statutory
prospectus (‘‘sales literature’’). Rule Simon, 100 F Street NE., Washington,
information is necessary for the proper DC 20549; or send an email to: PRA_
34b-1 deems to be materially misleading
performance of the functions of the Mailbox@sec.gov.
any investment company (‘‘fund’’) sales
Commission, including whether the
literature required to be filed with the November 22, 2017.
information shall have practical utility; Securities and Exchange Commission Eduardo A. Aleman,
(b) the accuracy of the Commission’s (‘‘Commission’’) by Section 24(b) of the
estimates of the burden of the proposed Assistant Secretary.
Investment Company Act (15 U.S.C. [FR Doc. 2017–25710 Filed 11–27–17; 8:45 am]
collection of information; (c) ways to 80a–24(b)) that includes performance
enhance the quality, utility, and clarity BILLING CODE P
data, unless the sales literature also
of the information collected; and (d) includes the appropriate uniformly
ways to minimize the burden of the computed data and the legend SECURITIES AND EXCHANGE
collection of information on disclosure required in investment COMMISSION
respondents, including through the use company advertisements by rule 482
of automated collection techniques or under the Securities Act of 1933 (17 [Release No. 34–82137; File No. SR–MIAX–
other forms of information technology. 2017–46]
CFR 230.482). Requiring the inclusion
Consideration will be given to of such standardized performance data Self-Regulatory Organizations; Miami
comments and suggestions submitted in in sales literature is designed to prevent International Securities Exchange LLC;
writing within 60 days of this misleading performance claims by funds Notice of Filing and Immediate
publication. and to enable investors to make Effectiveness of a Proposed Rule
An agency may not conduct or meaningful comparisons among funds. Change To Amend the MIAX Order
sponsor, and a person is not required to The Commission estimates that on
Feed (‘‘MOR’’)
respond to, a collection of information average approximately 208 respondents
under the PRA unless it displays a file 13,004 1 responses that include the November 21, 2017.
information required by rule 34b–1 each Pursuant to the provisions of Section
currently valid OMB control number.
year. The burden resulting from the 19(b)(1) of the Securities Exchange Act
Please direct your written comments collection of information requirements of 1934 (‘‘Act’’) 1 and Rule 19b–4
to: Pamela Dyson, Director/Chief of rule 34b–1 is estimated to be 2 hours thereunder,2 notice is hereby given that
Information Officer, Securities and per response. The total hourly burden on November 17, 2017, Miami
Exchange Commission, c/o Remi Pavlik- for rule 34b–1 is approximately 26,008 International Securities Exchange, LLC
Simon, 100 F Street NE., Washington, hours per year in the aggregate.2 (‘‘MIAX Options’’ or the ‘‘Exchange’’)
DC 20549, or send an email to: PRA_ The collection of information under filed with the Securities and Exchange
ethrower on DSK3G9T082PROD with NOTICES
Mailbox@sec.gov. rule 34b–1 is mandatory. The Commission (‘‘Commission’’) a
Dated: November 22, 2017. proposed rule change as described in
1 The estimated number of responses to rule 34b–
Eduardo A. Aleman, Items I and II below, which Items have
1 is composed of 12,772 responses filed with
FINRA and 232 responses filed with the been prepared by the Exchange. The
Assistant Secretary.
Commission in 2016.
[FR Doc. 2017–25708 Filed 11–27–17; 8:45 am] 2 13,004 responses × 2 hours per response = 1 15 U.S.C. 78s(b)(1).
BILLING CODE 8011–01–P 26,008 hours. 2 17 CFR 240.19b–4.
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Document Created: 2017-11-28 01:50:57
Document Modified: 2017-11-28 01:50:57
| 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 56294 |
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