83 FR 2243 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 10 (January 16, 2018)

Page Range		2243-2243
FR Document		2018-00497

Federal Register, Volume 83 Issue 10 (Tuesday, January 16, 2018)

[Federal Register Volume 83, Number 10 (Tuesday, January 16, 2018)]
[Notices]
[Page 2243]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-00497]


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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:
    Form 10-D, SEC File No. 270-544, OMB Control No. 3235-0604.

    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 this 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.
    Form 10-D is a periodic report used by asset-backed issuers to file 
distribution and pool performance information pursuant to Rule 13a-17 
(17 CFR 240.13a-17) or Rule 15d-17 (17 CFR 240.15d-17) of the 
Securities Exchange Act of 1934 (``Exchange Act'')(15 U.S.C.78a et 
seq.). The form is required to be filed within 15 days after each 
required distribution date on the asset-backed securities, as specified 
in the governing documents for such securities. The information 
provided by Form 10-D is mandatory and all information is made 
available to the public upon request. Form 10-D takes approximately 30 
hours per response to prepare and is filed by approximately 2,169 
respondents. Each respondent files an estimated 4.343 Form 10-Ds per 
year for a total of 9,420 responses. We estimate that 75% of the 30 
hours per response (22.5 hours) is prepared by the company for a total 
annual reporting burden of 211,950 hours (22.5 hours per response x 
9,420 responses).
    Written comments are invited on: (a) Whether this proposed 
collection of information is necessary for the proper 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 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.
    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: January 9, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-00497 Filed 1-12-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 10 / Tuesday, January 16, 2018 / Notices 2243

Approximately 6 funds rely on the rule whether the information has practical information is made available to the
annually, with a total of 6 responses.2 utility; (b) the accuracy of the public upon request. Form 10–D takes
Thus, the total annual hour burden for Commission’s estimate of the burdens of approximately 30 hours per response to
rule 17f–1 is approximately 21 hours.3 the collection of information; (c) ways to prepare and is filed by approximately
Funds that rely on rule 17f–1 enhance the quality, utility, and clarity 2,169 respondents. Each respondent
generally use outside counsel to prepare of the information collected; and (d) files an estimated 4.343 Form 10–Ds per
the custodial contract for the board’s ways to minimize the burden of the year for a total of 9,420 responses. We
review and to transmit the contract to collection of information on estimate that 75% of the 30 hours per
the Commission. Commission staff respondents, including through the use response (22.5 hours) is prepared by the
estimates the cost of outside counsel to of automated collection techniques or company for a total annual reporting
perform these tasks for a fund each year other forms of information technology. burden of 211,950 hours (22.5 hours per
is $800.4 Funds also must have an Consideration will be given to response × 9,420 responses).
independent public accountant verify comments and suggestions submitted in Written comments are invited on: (a)
the fund’s assets three times each year writing within 60 days of this Whether this proposed collection of
and prepare the certificate of publication. information is necessary for the proper
examination. Commission staff Please direct your written comments performance of the functions of the
estimates the annual cost for an to Pamela Dyson, Director/Chief agency, including whether the
independent public accountant to Information Officer, Securities and information will have practical utility;
perform this service is $8,500.5 Exchange Commission, C/O Remi (b) the accuracy of the agency’s estimate
Therefore, the total annual cost burden Pavlik-Simon, 100 F Street NE, of the burden imposed by the collection
for a fund that relies on rule 17f–1 Washington, DC 20549; or send an email of information; (c) ways to enhance the
would be approximately $9,300.6 As to: PRA_Mailbox@sec.gov. quality, utility, and clarity of the
noted above, the staff estimates that 4 information collected; and (d) ways to
Dated: January 9, 2018.
funds rely on rule 17f–1 each year, for minimize the burden of the collection of
an estimated total annualized cost Eduardo A. Aleman,
information on respondents, including
burden of $55,800.7 Assistant Secretary. through the use of automated collection
The estimate of average burden hours [FR Doc. 2018–00493 Filed 1–12–18; 8:45 am] techniques or other forms of information
is made solely for the purposes of the BILLING CODE 8011–01–P technology. Consideration will be given
Paperwork Reduction Act, and is not to comments and suggestions submitted
derived from a comprehensive or even in writing within 60 days of this
a representative survey or study of the SECURITIES AND EXCHANGE publication.
costs of Commission rules. Compliance COMMISSION An agency may not conduct or
with the collections of information sponsor, and a person is not required to
required by rule 17f–1 is mandatory for Proposed Collection; Comment
respond to, a collection of information
funds that place their assets in the Request
unless it displays a currently valid
custody of a national securities Upon Written Request Copies Available control number.
exchange member. Responses will not From: Securities and Exchange Please direct your written comment to
be kept confidential. An agency may not Commission, Office of FOIA Services, Pamela Dyson, Director/Chief
conduct or sponsor, and a person is not 100 F Street NE, Washington, DC Information Officer, Securities and
required to respond to a collection of 20549–2736. Exchange Commission, c/o Remi Pavlik-
information unless it displays a Simon, 100 F Street NE, Washington,
Extension:
currently valid control number. Form 10–D, SEC File No. 270–544, OMB DC 20549 or send an email to: PRA_
The Commission requests written Control No. 3235–0604. Mailbox@sec.gov.
comments on: (a) Whether the Dated: January 9, 2018.
collections of information are necessary Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995 Eduardo A. Aleman,
for the proper performance of the
(44 U.S.C. 3501 et seq.), the Securities Assistant Secretary.
functions of the Commission, including
and Exchange Commission [FR Doc. 2018–00497 Filed 1–12–18; 8:45 am]
2 Based on a review of Form N–17f–1 filings over (‘‘Commission’’) is soliciting comments BILLING CODE 8011–01–P
the last three years the Commission staff estimates on this collection of information
that an average of 4 funds rely on rule 17f–1 each summarized below. The Commission
year. SECURITIES AND EXCHANGE
3 This estimate is based on the following
plans to submit this existing collection
of information to the Office of COMMISSION
calculation: (6 respondents × 3.5 hours = 21 hours).
The annual burden for rule 17f–1 does not include Management and Budget for extension [SEC File No. 270–429, OMB Control No.
time spent preparing Form N–17f–1. The burden for and approval. 3235–0480]
Form N–17f–1 is included in a separate collection Form 10–D is a periodic report used
of information.
4 This estimate is based on the following
by asset-backed issuers to file Proposed Collection; Comment
calculation: (2 hours of outside counsel time × $400 distribution and pool performance Request
= $800). The staff has estimated the average cost of information pursuant to Rule 13a–17 (17
Upon Written Request, Copies Available
outside counsel at $400 per hour, based on CFR 240.13a–17) or Rule 15d–17 (17
information received from funds, fund From: Securities and Exchange
CFR 240.15d–17) of the Securities
intermediaries, and their counsel. Commission, Office of FOIA Services,
Exchange Act of 1934 (‘‘Exchange
daltland on DSKBBV9HB2PROD with NOTICES

5 This estimate is based on information received
100 F Street NE, Washington, DC
from fund representatives estimating the aggregate Act’’)(15 U.S.C.78a et seq.). The form is
20549–2736
annual cost of an independent public accountant’s required to be filed within 15 days after
periodic verification of assets and preparation of the each required distribution date on the Extension:
certificate of examination. Rule 9b–1
6 This estimate is based on the following
asset-backed securities, as specified in
calculation: ($800 + $8,500 = $9,300). the governing documents for such Notice is hereby given that pursuant
7 This estimate is based on the following securities. The information provided by to the Paperwork Reduction Act of 1995
calculation: (6 funds × $9,300 = $55,800). Form 10–D is mandatory and all (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the

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Document Created: 2018-01-13 02:02:43
Document Modified: 2018-01-13 02:02:43

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 2243