83 FR 29847 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 123 (June 26, 2018)

Page Range		29847-29847
FR Document		2018-13685

Federal Register, Volume 83 Issue 123 (Tuesday, June 26, 2018)

[Federal Register Volume 83, Number 123 (Tuesday, June 26, 2018)]
[Notices]
[Page 29847]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-13685]


-----------------------------------------------------------------------

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 13F, SEC File No. 270-022, OMB Control No. 3235-0006

    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'') has submitted to the Office of 
Management and Budget a request for extension of the previously 
approved collection of information discussed below.
    Section 13(f) \1\ of the Securities Exchange Act of 1934 \2\ (the 
``Exchange Act'') empowers the Commission to: (1) Adopt rules that 
create a reporting and disclosure system to collect specific 
information; and (2) disseminate such information to the public. Rule 
13f-1 \3\ under the Exchange Act requires institutional investment 
managers that exercise investment discretion over accounts that have in 
the aggregate a fair market value of at least $100,000,000 of certain 
U.S. exchange-traded equity securities, as set forth in rule 13f-1(c), 
to file quarterly reports with the Commission on Form 13F.\4\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78m(f).
    \2\ 15 U.S.C. 78a et seq.
    \3\ 17 CFR 240.13f-1.
    \4\ 17 CFR 249.325.
---------------------------------------------------------------------------

    The information collection requirements apply to institutional 
investment managers that meet the $100 million reporting threshold. 
Section 13(f)(6)(A) of the Exchange Act defines an ``institutional 
investment manager'' as any person, other than a natural person, 
investing in or buying and selling securities for its own account, and 
any person exercising investment discretion with respect to the account 
of any other person. Rule 13f-1(b) under the Exchange Act defines 
``investment discretion'' for purposes of Form 13F reporting.
    The reporting system required by Section 13(f) of the Exchange Act 
is intended, among other things, to create in the Commission a central 
repository of historical and current data about the investment 
activities of institutional investment managers, and to improve the 
body of factual data available to regulators and the public.
    The Commission staff estimates that 5,837 respondents make 
approximately 23,348 responses under the rule each year. The staff 
estimates that on average, Form 13F filers spend 80.8 hours/year to 
prepare and submit the report. In addition, the staff estimates that 
223 respondents file approximately 829 amendments each year. The staff 
estimates that on average, Form 13F filers spend 4 hours/year to 
prepare and submit amendments to Form 13F. The total annual burden of 
the rule's requirements for all respondents therefore is estimated to 
be 472,521.6 hours [(471,629.6 hours (5,837 filers x 80.8 hours)) + 
(892 (223 filers x 4 hours))].
    The estimate of average burden hours is made solely for the 
purposes of the Paperwork Reduction Act. The estimate is not derived 
from a comprehensive or even a representative survey or study of the 
costs of Commission rules. 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 Candace 
Kenner, 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: June 18, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-13685 Filed 6-25-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 123 / Tuesday, June 26, 2018 / Notices 29847

Paper Comments SECURITIES AND EXCHANGE The Commission staff estimates that
COMMISSION 5,837 respondents make approximately
• Send paper comments in triplicate 23,348 responses under the rule each
to Secretary, Securities and Exchange Submission for OMB Review; year. The staff estimates that on average,
Commission, 100 F Street NE, Comment Request Form 13F filers spend 80.8 hours/year
Washington, DC 20549–1090. to prepare and submit the report. In
Upon Written Request, Copies Available
All submissions should refer to File From: Securities and Exchange addition, the staff estimates that 223
Number SR–OCC–2017–020. This file Commission, Office of FOIA Services, respondents file approximately 829
number should be included on the 100 F Street NE, Washington, DC amendments each year. The staff
subject line if email is used. To help the 20549–2736 estimates that on average, Form 13F
Commission process and review your filers spend 4 hours/year to prepare and
Extension:
comments more efficiently, please use Form 13F, SEC File No. 270–022, OMB submit amendments to Form 13F. The
only one method. The Commission will Control No. 3235–0006 total annual burden of the rule’s
post all comments on the Commission’s requirements for all respondents
Notice is hereby given that, pursuant therefore is estimated to be 472,521.6
internet website (http://www.sec.gov/
to the Paperwork Reduction Act of 1995 hours [(471,629.6 hours (5,837 filers ×
rules/sro.shtml). Copies of the (44 U.S.C. 3501, et seq.), the Securities
submission, all subsequent 80.8 hours)) + (892 (223 filers × 4
and Exchange Commission (the
amendments, all written statements hours))].
‘‘Commission’’) has submitted to the
with respect to the Proposed Rule Office of Management and Budget a The estimate of average burden hours
Change that are filed with the request for extension of the previously is made solely for the purposes of the
Commission, and all written approved collection of information Paperwork Reduction Act. The estimate
communications relating to the discussed below. is not derived from a comprehensive or
Proposed Rule Change between the Section 13(f) 1 of the Securities even a representative survey or study of
Commission and any person, other than Exchange Act of 1934 2 (the ‘‘Exchange the costs of Commission rules. An
those that may be withheld from the Act’’) empowers the Commission to: (1) agency may not conduct or sponsor, and
public in accordance with the Adopt rules that create a reporting and a person is not required to respond to,
provisions of 5 U.S.C. 552, will be disclosure system to collect specific a collection of information unless it
available for website viewing and information; and (2) disseminate such displays a currently valid control
printing in the Commission’s Public information to the public. Rule 13f–1 3 number.
Reference Room, 100 F Street NE, under the Exchange Act requires
The public may view the background
Washington, DC 20549, on official institutional investment managers that
documentation for this information
business days between the hours of exercise investment discretion over
accounts that have in the aggregate a fair collection at the following website,
10:00 a.m. and 3:00 p.m. Copies of such www.reginfo.gov. Comments should be
filing also will be available for market value of at least $100,000,000 of
certain U.S. exchange-traded equity directed to: (i) Desk Officer for the
inspection and copying at the principal Securities and Exchange Commission,
office of OCC and on OCC’s website at securities, as set forth in rule 13f–1(c),
to file quarterly reports with the Office of Information and Regulatory
https://www.theocc.com/about/ Affairs, Office of Management and
publications/bylaws.jsp. Commission on Form 13F.4
The information collection Budget, Room 10102, New Executive
All comments received will be posted requirements apply to institutional Office Building, Washington, DC 20503,
without change. Persons submitting investment managers that meet the $100 or by sending an email to: Shagufta_
comments are cautioned that we do not million reporting threshold. Section Ahmed@omb.eop.gov; and (ii) Pamela
redact or edit personal identifying 13(f)(6)(A) of the Exchange Act defines Dyson, Director/Chief Information
information from comment submissions. an ‘‘institutional investment manager’’ Officer, Securities and Exchange
You should submit only information as any person, other than a natural Commission, c/o Candace Kenner, 100 F
that you wish to make available person, investing in or buying and Street NE, Washington, DC 20549 or
publicly. selling securities for its own account, send an email to: PRA_Mailbox@
All submissions should refer to File and any person exercising investment sec.gov. Comments must be submitted to
Number SR–OCC–2017–020 and should discretion with respect to the account of OMB within 30 days of this notice.
be submitted on or before July 11, 2018. any other person. Rule 13f–1(b) under
Dated: June 18, 2018.
Any person who wishes to file a rebuttal the Exchange Act defines ‘‘investment
discretion’’ for purposes of Form 13F Eduardo A. Aleman,
to any other person’s submission must
reporting. Assistant Secretary.
file that rebuttal on or before July 17,
2018. The reporting system required by [FR Doc. 2018–13685 Filed 6–25–18; 8:45 am]
Section 13(f) of the Exchange Act is BILLING CODE 8011–01–P
For the Commission, by the Division of intended, among other things, to create
Trading and Markets, pursuant to delegated in the Commission a central repository
authority.11 of historical and current data about the
Eduardo A. Aleman, investment activities of institutional
sradovich on DSK3GMQ082PROD with NOTICES

Assistant Secretary. investment managers, and to improve
[FR Doc. 2018–13637 Filed 6–25–18; 8:45 am] the body of factual data available to
BILLING CODE 8011–01–P
regulators and the public.

1 15 U.S.C. 78m(f).
2 15 U.S.C. 78a et seq.
3 17 CFR 240.13f–1.
11 17 CFR 200.30–3(a)(57). 4 17 CFR 249.325.

VerDate Sep<11>2014 17:24 Jun 25, 2018 Jkt 244001 PO 00000 Frm 00107 Fmt 4703 Sfmt 9990 E:\FR\FM\26JNN1.SGM 26JNN1

Document Created: 2018-06-26 00:51:19
Document Modified: 2018-06-26 00:51:19

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 29847