83_FR_34330 83 FR 34191 - Submission for OMB Review; Comment Request

83 FR 34191 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 139 (July 19, 2018)

Page Range34191-34191
FR Document2018-15378

Federal Register, Volume 83 Issue 139 (Thursday, July 19, 2018)
[Federal Register Volume 83, Number 139 (Thursday, July 19, 2018)]
[Notices]
[Page 34191]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-15378]


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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:
    Rule 17a-6, SEC File No. 270-433, OMB Control No. 3235-0489

    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'') has submitted to the Office of Management 
and Budget (``OMB'') a request for extension of the previously approved 
collection of information provided for in Rule 17a-6 (17 CFR 240.17a-6) 
under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).
    Rule 17a-6 permits national securities exchanges, national 
securities associations, registered clearing agencies, and the 
Municipal Securities Rulemaking Board (``MSRB'') (collectively, 
``SROs'') to destroy or convert to microfilm or other recording media 
records maintained under Rule 17a-1, if they have filed a record 
destruction plan with the Commission and the Commission has declared 
such plan effective.
    There are currently 32 SROs: 21 national securities exchanges, 1 
national securities association, the MSRB, and 9 registered clearing 
agencies. Of the 32 SROs, only 2 SRO respondents have filed a record 
destruction plan with the Commission. The staff calculates that the 
preparation and filing of a new record destruction plan should take 160 
hours. Further, any existing SRO record destruction plans may require 
revision, over time, in response to, for example, changes in document 
retention technology, which the Commission estimates will take much 
less than the 160 hours estimated for a new plan. The Commission 
estimates that each SRO that has filed a destruction plan will spend 
approximately 30 hours per year making required revisions. Thus, the 
total annual compliance burden is estimated to be 60 hours per year 
based on two respondents. The approximate compliance cost per hour is 
$422, resulting in a total internal cost of compliance for these 
respondents of $25,320 per year (60 hours @ $422 per hour).
    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.
    The public may view 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 by sending an email 
to: [email protected]. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: July 13, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-15378 Filed 7-18-18; 8:45 am]
 BILLING CODE 8011-01-P



                                                                               Federal Register / Vol. 83, No. 139 / Thursday, July 19, 2018 / Notices                                                 34191

                                                   Thus, Commission staff estimates that                   The public may view the background                  SROs, only 2 SRO respondents have
                                                any burden of the rule would be borne                    documentation for this information                    filed a record destruction plan with the
                                                by funds and FCMs entering into new                      collection at the following website,                  Commission. The staff calculates that
                                                contracts pursuant to the rule.                          www.reginfo.gov. Comments should be                   the preparation and filing of a new
                                                Commission staff estimates that                          directed to: (i) Desk Officer for the                 record destruction plan should take 160
                                                approximately 214 fund complexes and                     Securities and Exchange Commission,                   hours. Further, any existing SRO record
                                                2,825 funds currently effect                             Office of Information and Regulatory                  destruction plans may require revision,
                                                commodities transactions and could                       Affairs, Office of Management and                     over time, in response to, for example,
                                                deposit margin with FCMs in                              Budget, Room 10102, New Executive                     changes in document retention
                                                connection with those transactions                       Office Building, Washington, DC 20503,                technology, which the Commission
                                                pursuant to rule 17f–6.2 Staff further                   or by sending an email to: Shagufta_                  estimates will take much less than the
                                                estimates that of this number, 21 fund                   Ahmed@omb.eop.gov; and (ii) Pamela                    160 hours estimated for a new plan. The
                                                complexes and 283 funds enter into new                   Dyson, Director/Chief Information                     Commission estimates that each SRO
                                                contracts with FCMs each year.3                          Officer, Securities and Exchange                      that has filed a destruction plan will
                                                   Based on conversations with fund                      Commission, c/o Candace Kenner, 100 F                 spend approximately 30 hours per year
                                                representatives, Commission staff                        Street NE, Washington, DC 20549 or                    making required revisions. Thus, the
                                                understands that fund complexes                          send an email to: PRA_Mailbox@                        total annual compliance burden is
                                                typically enter into contracts with FCMs                 sec.gov. Comments must be submitted to                estimated to be 60 hours per year based
                                                on behalf of all funds in the fund                       OMB within 30 days of this notice.                    on two respondents. The approximate
                                                complex that engage in commodities                                                                             compliance cost per hour is $422,
                                                                                                           Dated: July 13, 2018.
                                                transactions. Funds covered by the                                                                             resulting in a total internal cost of
                                                                                                         Eduardo A. Aleman,                                    compliance for these respondents of
                                                contract are typically listed in an
                                                                                                         Assistant Secretary.                                  $25,320 per year (60 hours @ $422 per
                                                attachment, which may be amended to
                                                                                                         [FR Doc. 2018–15374 Filed 7–18–18; 8:45 am]           hour).
                                                encompass new funds. Commission staff
                                                estimates that the burden for a fund                     BILLING CODE 8011–01–P                                   An agency may not conduct or
                                                complex to enter into a contract with an                                                                       sponsor, and a person is not required to
                                                FCM that contains the contract                                                                                 respond to, a collection of information
                                                                                                         SECURITIES AND EXCHANGE                               under the PRA unless it displays a
                                                requirements of rule 17f–6 is one hour,
                                                                                                         COMMISSION                                            currently valid OMB control number.
                                                and further estimates that the burden to
                                                add a fund to an existing contract                                                                                The public may view background
                                                                                                         Submission for OMB Review;                            documentation for this information
                                                between a fund complex and an FCM is                     Comment Request                                       collection at the following website:
                                                6 minutes.
                                                                                                         Upon Written Request, Copies Available                www.reginfo.gov. Comments should be
                                                   Accordingly, Commission staff
                                                                                                          From: Securities and Exchange                        directed to: (i) Desk Officer for the
                                                estimates that funds and FCMs spend 49
                                                                                                          Commission, Office of FOIA Services,                 Securities and Exchange Commission,
                                                burden hours annually complying with
                                                                                                          100 F Street NE, Washington, DC                      Office of Information and Regulatory
                                                the information collection requirements
                                                                                                          20549–2736                                           Affairs, Office of Management and
                                                of rule 17f–6.4 These estimates are made
                                                                                                                                                               Budget, Room 10102, New Executive
                                                solely for the purposes of the Paperwork                 Extension:                                            Office Building, Washington, DC 20503,
                                                Reduction Act, and are not derived from                    Rule 17a–6, SEC File No. 270–433, OMB               or by sending an email to: Shagufta_
                                                a comprehensive or even a                                    Control No. 3235–0489
                                                                                                                                                               Ahmed@omb.eop.gov; and (ii) Pamela
                                                representative survey or study of the                       Notice is hereby given that pursuant               Dyson, Director/Chief Information
                                                costs of Commission rules and forms.                     to the Paperwork Reduction Act of 1995                Officer, Securities and Exchange
                                                   Compliance with the collection of                     (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the               Commission, c/o Candace Kenner, 100 F
                                                information requirements of the rule is                  Securities and Exchange Commission                    Street NE, Washington, DC 20549, or by
                                                necessary to obtain the benefit of relying               (‘‘Commission’’) has submitted to the                 sending an email to: PRA_Mailbox@
                                                on the rule. An agency may not conduct                   Office of Management and Budget                       sec.gov. Comments must be submitted to
                                                or sponsor, and a person is not required                 (‘‘OMB’’) a request for extension of the              OMB within 30 days of this notice.
                                                to respond to, a collection of                           previously approved collection of
                                                information unless it displays a                                                                                 Dated: July 13, 2018.
                                                                                                         information provided for in Rule 17a–6
                                                currently valid control number.                                                                                Eduardo A. Aleman,
                                                                                                         (17 CFR 240.17a–6) under the Securities
                                                                                                                                                               Assistant Secretary.
                                                                                                         Exchange Act of 1934 (15 U.S.C. 78a et
                                                and rules adopted thereunder. Thus, to the extent                                                              [FR Doc. 2018–15378 Filed 7–18–18; 8:45 am]
                                                these provisions could be considered collections of
                                                                                                         seq.).
                                                information, the hours required for compliance              Rule 17a–6 permits national securities             BILLING CODE 8011–01–P

                                                would be included in the collection of information       exchanges, national securities
                                                burden hours submitted by the CFTC for its rules.        associations, registered clearing
                                                  2 This estimate is based on the number of funds
                                                                                                         agencies, and the Municipal Securities                SECURITIES AND EXCHANGE
                                                that reported on Form N–SAR from June 1, 2017–
                                                                                                         Rulemaking Board (‘‘MSRB’’)                           COMMISSION
                                                November 30, 2017, in response to sub-items E
                                                through I of item 70, that they engaged in futures       (collectively, ‘‘SROs’’) to destroy or                Submission for OMB Review;
                                                and commodity options transactions.                      convert to microfilm or other recording               Comment Request
                                                  3 These estimates are based on the assumption
                                                                                                         media records maintained under Rule
                                                that 10% of fund complexes and funds enter into                                                                Upon Written Request, Copies Available
sradovich on DSK3GMQ082PROD with NOTICES




                                                new FCM contracts each year. This assumption
                                                                                                         17a–1, if they have filed a record
                                                encompasses fund complexes and funds that enter          destruction plan with the Commission                   From: Securities and Exchange
                                                into FCM contracts for the first time, as well as fund   and the Commission has declared such                   Commission, Office of FOIA Services,
                                                complexes and fund that change the FCM with              plan effective.                                        100 F Street NE, Washington, DC
                                                whom they maintain margin accounts for                      There are currently 32 SROs: 21                     20549–2736.
                                                commodities transactions.
                                                  4 This estimate is based upon the following            national securities exchanges, 1 national             Extension:
                                                calculation: (21 fund complexes × 1 hour) + (283         securities association, the MSRB, and 9                 Rule 17a–5(c); SEC File No. 270–199, OMB
                                                funds × 0.1 hours) = 49 hours.                           registered clearing agencies. Of the 32                   Control No. 3235–0199.



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Document Created: 2018-07-19 01:35:05
Document Modified: 2018-07-19 01:35:05
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation83 FR 34191 

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