83 FR 16908 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 74 (April 17, 2018)

Page Range		16908-16908
FR Document		2018-07961

Federal Register, Volume 83 Issue 74 (Tuesday, April 17, 2018)

[Federal Register Volume 83, Number 74 (Tuesday, April 17, 2018)]
[Notices]
[Page 16908]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-07961]


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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, Washington, DC 20549-2736

Extension:
    Rule 15g-4, SEC File No. 270-347, OMB Control No. 3235-0393

    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 15g-4--Disclosure of 
compensation to brokers or dealers (17 CRF 240.15g-4) under the 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). The Commission 
plans to submit this existing collection of information to the Office 
of Management and Budget (``OMB'') for extension and approval.
    Rule 15g-4 requires brokers and dealers effecting transactions in 
penny stocks for or with customers to disclose the amount of 
compensation received by the broker-dealer in connection with the 
transaction. The purpose of the rule is to increase the level of 
disclosure to investors concerning penny stocks generally and specific 
penny stock transactions.
    The Commission estimates that approximately 195 broker-dealers will 
spend an average of 87 hours annually to comply with this rule. Thus, 
the total compliance burden is approximately 16,965 burden-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 agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency's estimates of 
the burden of the proposed collection of information; (c) ways to 
enhance the quality, utility, and clarity of the information to be 
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, Acting 
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: April 11, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-07961 Filed 4-16-18; 8:45 am]
 BILLING CODE 8011-01-P

16908 Federal Register / Vol. 83, No. 74 / Tuesday, April 17, 2018 / Notices

designed to prevent fraudulent and the Office of Management and Budget Rule 6e–2 and Form N–6EI–1, SEC File No.
manipulative acts and practices, to (‘‘OMB’’) for extension and approval. 270–177, OMB Control No. 3235–0177
promote just and equitable principles of Rule 15g–4 requires brokers and Notice is hereby given that, pursuant
trade, to remove impediments to and dealers effecting transactions in penny
to the Paperwork Reduction Act of 1995
perfect the mechanism of a free and stocks for or with customers to disclose
(44 U.S.C. 3501 et seq.), the Securities
open market and a national market the amount of compensation received by
and Exchange Commission
system and, in general, to protect the broker-dealer in connection with the
(‘‘Commission’’) has submitted to the
investors and the public interest. transaction. The purpose of the rule is
Office of Management and Budget a
The Commission believes that the to increase the level of disclosure to
request for extension of the previously
Butterfly Spread Protection and the Box investors concerning penny stocks
approved collection of information
Spread Protection will help market generally and specific penny stock
discussed below.
participants mitigate risk by preventing transactions.
the execution of butterfly and box The Commission estimates that Rule 6e–2 (17 CFR 270.6e–2) under
spreads at prices that are outside of approximately 195 broker-dealers will the Investment Company Act of 1940
specified minimum and maximum spend an average of 87 hours annually (‘‘Act’’) (15 U.S.C. 80a) is an exemptive
values. The Commission notes that the to comply with this rule. Thus, the total rule that provides separate accounts
Phlx has indicated that the protections compliance burden is approximately formed by life insurance companies to
are responsive to input from Phlx 16,965 burden-hours per year. fund certain variable life insurance
members.21 In addition, the Written comments are invited on: (a) products, exemptions from certain
Commission notes that another options Whether the proposed collection of provisions of the Act, subject to
exchange has adopted similar price information is necessary for the proper conditions set forth in the rule.
protections.22 performance of the functions of the Rule 6e–2 provides a separate account
agency, including whether the with an exemption from the registration
IV. Conclusion information shall have practical utility; provisions of section 8(a) of the Act if
It is therefore ordered, pursuant to (b) the accuracy of the agency’s the account files with the Commission
Section 19(b)(2) of the Act,23 that the estimates of the burden of the proposed Form N–6EI–1 (17 CFR 274.301), a
proposed rule change (SR–Phlx–2018– collection of information; (c) ways to notification of claim of exemption.
14), as modified by Amendment Nos. 1, enhance the quality, utility, and clarity The rule also exempts a separate
2, and 3, is approved. of the information to be collected; and account from a number of other sections
(d) ways to minimize the burden of the of the Act, provided that the separate
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
collection of information on account makes certain disclosure in its
authority.24 respondents, including through the use registration statements (in the case of
Eduardo A. Aleman,
of automated collection techniques or those separate account that elect to
other forms of information technology. register), reports to contract holders,
Assistant Secretary.
Consideration will be given to proxy solicitations, and submissions to
[FR Doc. 2018–07932 Filed 4–16–18; 8:45 am]
comments and suggestions submitted in state regulatory authorities, as
BILLING CODE 8011–01–P writing within 60 days of this prescribed by the rule.
publication.
An agency may not conduct or Since 2008, there have been no filings
SECURITIES AND EXCHANGE sponsor, and a person is not required to of Form N–6EI–1 by separate accounts.
COMMISSION respond to, a collection of information Therefore, there has been no cost or
under the PRA unless it displays a burden to the industry since that time.
Proposed Collection; Comment The Commission requests authorization
currently valid OMB control number.
Request Please direct your written comments to maintain an inventory of one burden
Upon Written Request, Copies Available to: Pamela Dyson, Acting Director/Chief hour for administrative purposes.
From: Securities and Exchange Information Officer, Securities and An agency may not conduct or
Commission, Office of FOIA Services, Exchange Commission, c/o Remi Pavlik- sponsor, and a person is not required to
Washington, DC 20549–2736 Simon, 100 F Street NE, Washington, respond to, a collection of information
DC 20549 or send an email to PRA_ unless it displays a currently valid
Extension:
Mailbox@sec.gov. control number.
Rule 15g–4, SEC File No. 270–347, OMB
Control No. 3235–0393 Dated: April 11, 2018. The public may view the background
Eduardo A. Aleman, documentation for this information
Notice is hereby given that pursuant collection at the following website,
to the Paperwork Reduction Act of 1995 Assistant Secretary.
www.reginfo.gov. Comments should be
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the [FR Doc. 2018–07961 Filed 4–16–18; 8:45 am]
directed to: (i) Desk Officer for the
Securities and Exchange Commission BILLING CODE 8011–01–P
Securities and Exchange Commission,
(‘‘Commission’’) is soliciting comments Office of Information and Regulatory
on the existing collection of information Affairs, Office of Management and
provided for in Rule 15g–4—Disclosure SECURITIES AND EXCHANGE
COMMISSION Budget, Room 10102, New Executive
of compensation to brokers or dealers Office Building, Washington, DC 20503,
(17 CRF 240.15g–4) under the Securities or by sending an email to: Shagufta_
Exchange Act of 1934 (15 U.S.C. 78a et Submission for OMB Review;
Comment Request Ahmed@omb.eop.gov; and (ii) Pamela
daltland on DSKBBV9HB2PROD with NOTICES

seq.). The Commission plans to submit Dyson, Director/Chief Information
this existing collection of information to Upon Written Request, Copies Available Officer, Securities and Exchange
From: Securities and Exchange Commission, c/o Remi Pavlik-Simon,
21 See Notice, 83 FR at 8916. Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549
22 See CBOE Rule 6.53C, Interpretation and Policy 100 F Street NE, Washington, DC or send an email to: PRA_Mailbox@
.08(g).
23 15 U.S.C. 78s(b)(2). 20549–2736 sec.gov. Comments must be submitted to
24 17 CFR 200.30–3(a)(12). Extension: OMB within 30 days of this notice.

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Document Created: 2018-04-17 02:53:00
Document Modified: 2018-04-17 02:53:00

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		83 FR 16908