83 FR 19370 - Submission for OMB Review; Comment Request
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 85 (May 2, 2018)
Federal Register Volume 83, Issue 85 (May 2, 2018)
| Page Range | 19370-19370 | |
| FR Document | 2018-09272 |
[Federal Register Volume 83, Number 85 (Wednesday, May 2, 2018)] [Notices] [Page 19370] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-09272] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION 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 4; SEC File No. 270-126, OMB Control No. 3235-0287 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. Under the Exchange Act of 1934 (15 U.S.C. 78a et seq.) every person who is directly or indirectly the beneficial owner of more than 10 percent of any class of any equity security (other than an exempted security) which registered under Section 12 of the Exchange Act (15 U.S.C. 78l), or who is a director or any officer of the issuer of such security (collectively ``insider''), must file a statement with the Commission reporting their ownership. Form 4 is a statement to disclose changes in an insider's ownership of securities. The information is used for the purpose of disclosing the equity holdings of insiders of reporting companies. Approximately 338,207 insiders file Form 4 annually and it takes approximately 0.5 hours to prepare for a total of 169,104 annual burden hours. 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 website, 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: April 26, 2018. Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-09272 Filed 5-1-18; 8:45 am] BILLING CODE 8011-01-P
![19370 Federal Register / Vol. 83, No. 85 / Wednesday, May 2, 2018 / Notices
change was published for comment in SECURITIES AND EXCHANGE Dated: April 26, 2018.
the Federal Register on March 14, COMMISSION Eduardo A. Aleman,
2018.3 On April 23, 2018, the Exchange Assistant Secretary.
submitted Amendment No. 1 to the Submission for OMB Review; [FR Doc. 2018–09272 Filed 5–1–18; 8:45 am]
proposed rule change.4 The Commission Comment Request BILLING CODE 8011–01–P
received no comments on the proposed
rule change. Upon Written Request Copies Available
Section 19(b)(2) of the Act 5 provides From: Securities and Exchange
SECURITIES AND EXCHANGE
that within 45 days of the publication of Commission, Office of FOIA Services,
COMMISSION
notice of the filing of a proposed rule 100 F Street NE, Washington, DC
change, or within such longer period up 20549–2736. Submission for OMB Review;
to 90 days as the Commission may Extension: Comment Request
designate if it finds such longer period Form 4; SEC File No. 270–126, OMB
Control No. 3235–0287 Upon Written Request, Copies Available
to be appropriate and publishes its
From: Securities and Exchange
reasons for so finding or as to which the Notice is hereby given that, pursuant Commission, Office of Investor
self-regulatory organization consents, to the Paperwork Reduction Act of 1995 Education and Advocacy,
the Commission shall either approve the (44 U.S.C. 3501 et seq.), the Securities Washington, DC 20549–0213.
proposed rule change, disapprove the and Exchange Commission
proposed rule change, or institute Extension:
(‘‘Commission’’) has submitted to the Rule 17g–7; SEC File No. 270–600, OMB
proceedings to determine whether these Office of Management and Budget this Control No. 3235–0656
proposed rule changes should be request for extension of the previously
disapproved. The 45th day for this filing approved collection of information Notice is hereby given that pursuant
is April 28, 2018. discussed below. to the Paperwork Reduction Act of 1995
The Commission is extending the 45- (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
Under the Exchange Act of 1934 (15
day time period for Commission action Securities and Exchange Commission
U.S.C. 78a et seq.) every person who is
on the proposed rule change. The (‘‘Commission’’) has submitted to the
directly or indirectly the beneficial
Commission finds that it is appropriate Office of Management and Budget
owner of more than 10 percent of any
to designate a longer period within (‘‘OMB’’) a request for approval of
class of any equity security (other than
which to take action on the proposed extension of the previously approved
an exempted security) which registered
rule change so that it has sufficient time collection of information provided for in
to consider and take action on the under Section 12 of the Exchange Act
Rule 17g–7, (17 CFR 240.17g–7), under
Exchange’s proposed rule change. (15 U.S.C. 78l), or who is a director or
the Securities Exchange Act of 1934
Accordingly, pursuant to Section any officer of the issuer of such security
(‘‘Exchange Act’’) (15 U.S.C. 78a et seq.).
19(b)(2)(A)(ii)(I) of the Act 6 and for the (collectively ‘‘insider’’), must file a Rule 17g–7 requires nationally
reasons stated above, the Commission statement with the Commission recognized statistical rating
designates June 12, 2018 as the date by reporting their ownership. Form 4 is a organizations (‘‘NRSROs’’) to include in
which the Commission should either statement to disclose changes in an any report accompanying a credit rating
approve or disapprove, or institute insider’s ownership of securities. The with respect to an asset-backed security
proceedings to determine whether to information is used for the purpose of (‘‘ABS’’) (as that term is defined in
disapprove, the proposed rule change disclosing the equity holdings of Section 3(a)(77) of the Exchange Act) a
(File No. SR–GEMX–2018–09). insiders of reporting companies. description of the representations,
Approximately 338,207 insiders file warranties and enforcement
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
Form 4 annually and it takes mechanisms available to investors and a
authority.7 approximately 0.5 hours to prepare for description of how they differ from the
Eduardo A. Aleman, a total of 169,104 annual burden hours. representations, warranties and
Assistant Secretary.
An agency may not conduct or enforcement mechanisms in issuances
sponsor, and a person is not required to of similar securities. Rule 17g–7
[FR Doc. 2018–09263 Filed 5–1–18; 8:45 am]
respond to, a collection of information potentially applies to each of the 10
BILLING CODE 8011–01–P
unless it displays a currently valid NRSROs currently registered with the
3 See Securities Exchange Act Release No. 82847
control number. Commission.1
(March 9, 2018), 83 FR 11259 (‘‘Notice’’). The public may view the background
4 See Letter to Brent J. Fields, Secretary, documentation for this information 1 When the Commission first adopted rules under
Commission, from Adrian Griffiths, Senior collection at the following website, the Credit Rating Agency Reform Act of 2006, it
Associate General Counsel, Nasdaq, Inc., dated www.reginfo.gov. Comments should be estimated that approximately 30 credit rating
April 23, 2018. Amendment No. 1 revises the agencies ultimately would be registered as NRSROs.
proposed rule change to: (i) Provide further directed to: (i) Desk Officer for the See Oversight of Credit Rating Agencies Registered
discussion of the current application of the ATR to Securities and Exchange Commission, as Nationally Recognized Statistical Rating
orders routed away; (ii) modify the proposed rule Office of Information and Regulatory Organizations, Release No. 34–55857 (Jun. 5, 2007),
text regarding the recalculation of the ATR for 72 FR 33564, 33607 (Jun. 18, 2007). Accordingly,
orders routed away pursuant to Supplementary
Affairs, Office of Management and
the Commission used 30 respondents for purposes
Material to Exchange Rule 1901, if the applicable Budget, Room 10102, New Executive of calculating its PRA burden estimates when it
National Best Bid or the National Best Offer price Office Building, Washington, DC 20503, adopted Rule 17g–7. See Disclosure for Asset-
is improved at the time of routing; (iii) expand the or by sending an email to: Shagufta_ Backed Securities Required by Section 943 of the
discussion and justification for recalculating the Dodd-Frank Wall Street Reform and Consumer
Ahmed@omb.eop.gov; and (ii) Pamela
daltland on DSKBBV9HB2PROD with NOTICES
ATR for such orders; and (iv) make other Protection Act, Release No. 33–9175; 34–63741 (Jan.
amendments to the proposed rule text to improve Dyson, Director/Chief Information 20, 2011), 76 FR 4489, 4506 (Jan. 26, 2011) (‘‘Rule
the understandability of the current ATR Officer, Securities and Exchange 17g–7 Adopting Release’’). Since that time, 10
calculation. Amendment No. 1 is available at: Commission, c/o Remi Pavlik-Simon, credit rating agencies have registered with the
https://www.sec.gov/comments/sr-gemx-2018-09/ Commission as NRSROs. This number has
gemx201809-3490578-162256.pdf. 100 F Street NE, Washington, DC 20549
remained constant for several years. Consequently,
5 15 U.S.C. 78s(b)(2). or send an email to: PRA_Mailbox@ when the Commission last proposed rules regarding
6 15 U.S.C. 78s(b)(2)(A)(ii)(I). sec.gov. Comments must be submitted to the oversight of NRSROs, it stated that it believed
7 17 CFR 200.30–3(a)(31). OMB within 30 days of this notice. it to be more appropriate to use the actual number
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Document Created: 2018-05-02 00:49:57
Document Modified: 2018-05-02 00:49:57
| 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 | 83 FR 19370 |
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