83 FR 34280 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

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

Page Range		34280-34281
FR Document		2018-15379

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

[Federal Register Volume 83, Number 139 (Thursday, July 19, 2018)]
[Notices]
[Pages 34280-34281]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-15379]


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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:
    Regulation R, Rule 701, SEC File No. 270-562, OMB Control No. 
3235-0624

    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 Regulation R, Rule 
701 (17 CFR 247.701) 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.
    Regulation R, Rule 701 requires a broker or dealer (as part of a 
written agreement between the bank and the broker or dealer) to notify 
the bank if the broker or dealer makes certain determinations regarding 
the financial status of the customer, a bank employee's statutory 
disqualification status, and compliance with suitability or 
sophistication standards.
    The Commission estimates that brokers or dealers would, on average, 
notify 1,000 banks approximately two times annually about a 
determination regarding a customer's high net worth or institutional 
status or suitability or sophistication standing as well as a bank 
employee's statutory disqualification status. Based on these estimates, 
the Commission anticipates that Regulation R, Rule 701 would result in 
brokers or dealers making approximately 2,000 notifications to banks 
per year. The Commission further estimates (based on the level of 
difficulty and complexity of the applicable activities) that a broker 
or dealer would spend approximately 15 minutes per notice to a bank. 
Therefore, the estimated total annual third party disclosure burden for 
the requirements in Regulation R, Rule 701 is 500 \1\ hours for brokers 
or dealers.
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    \1\ (2000 notices x 15 minutes) = 30,000 minutes/60 minutes = 
500 hours.
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    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility;

[[Page 34281]]

(b) the accuracy of the Commission's estimates of the burden of the 
proposed 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 under the PRA unless it 
displays a currently valid OMB control number.
    Please direct your written comments to: 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].

     Dated: July 13, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-15379 Filed 7-18-18; 8:45 am]
 BILLING CODE 8011-01-P

34280 Federal Register / Vol. 83, No. 139 / Thursday, July 19, 2018 / Notices

Securities and Exchange Commission, Rule 17Ad–7 under the Exchange Act SECURITIES AND EXCHANGE
Office of Information and Regulatory requires each registered transfer agent to COMMISSION
Affairs, Office of Management and retain the records specified in Rule
Budget, Room 10102, New Executive 17Ad–6 in an easily accessible place for Proposed Collection; Comment
Office Building, Washington, DC 20503, a period of six months to six years, Request
or by sending an email to: Shagufta_ depending on the type of record or Upon Written Request, Copies Available
Ahmed@omb.eop.gov; and (ii) Pamela document. Rule 17Ad–7 also specifies From: Securities and Exchange
Dyson, Director/Chief Information the manner in which records may be Commission, Office of FOIA Services,
Officer, Securities and Exchange maintained using electronic, microfilm, 100 F Street NE, Washington, DC
Commission, c/o Candace Kenner, 100 F and microfiche storage methods. 20549–2736
Street NE, Washington, DC 20549, or by These recordkeeping requirements are
sending an email to: PRA_Mailbox@ Extension:
designed to ensure that all registered Regulation R, Rule 701, SEC File No. 270–
sec.gov. Comments must be submitted to transfer agents are maintaining the 562, OMB Control No. 3235–0624
OMB within 30 days of this notice. records necessary for transfer agents to
monitor and keep control over their own Notice is hereby given that, pursuant
Dated: July 13, 2018. to the Paperwork Reduction Act of 1995
Eduardo A. Aleman, performance and for the Commission to
adequately examine registered transfer (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
Assistant Secretary. Securities and Exchange Commission
agents on an historical basis for
[FR Doc. 2018–15377 Filed 7–18–18; 8:45 am]
compliance with applicable rules. (‘‘Commission’’) is soliciting comments
BILLING CODE 8011–01–P on the existing collection of information
The Commission estimates that
provided for in Regulation R, Rule 701
approximately 382 registered transfer
(17 CFR 247.701) under the Securities
SECURITIES AND EXCHANGE agents will spend a total of 191,000
Exchange Act of 1934 (15 U.S.C. 78a et
COMMISSION hours per year complying with Rules
seq.). The Commission plans to submit
17Ad–6 and 17Ad–7 (500 hours per year
this existing collection of information to
Submission for OMB Review; per transfer agent).
the Office of Management and Budget
Comment Request The retention period under Rule (‘‘OMB’’) for extension and approval.
17Ad–7 for the recordkeeping Regulation R, Rule 701 requires a
Upon Written Request, Copies Available requirements under Rule 17Ad–6 is six broker or dealer (as part of a written
From: Securities and Exchange months to six years, depending on the agreement between the bank and the
Commission, Office of FOIA Services, particular record or document. The broker or dealer) to notify the bank if the
100 F Street NE, Washington, DC recordkeeping and retention broker or dealer makes certain
20549–2736 requirements under Rules 17Ad–6 and determinations regarding the financial
Extension: 17Ad–7 are mandatory to assist the status of the customer, a bank
Rules 17Ad–6 and 17Ad–7, SEC File No. Commission and other regulatory employee’s statutory disqualification
270–151, OMB Control No. 3235–0291 agencies with monitoring transfer agents status, and compliance with suitability
and ensuring compliance with the rules. or sophistication standards.
Notice is hereby given that pursuant These rules do not involve the
to the Paperwork Reduction Act of 1995 The Commission estimates that
collection of confidential information. brokers or dealers would, on average,
(44 U.S.C. 3501 et seq.) the Securities An agency may not conduct or
and Exchange Commission notify 1,000 banks approximately two
sponsor, and a person is not required to times annually about a determination
(‘‘Commission’’) has submitted to the respond to, a collection of information
Office of Management and Budget regarding a customer’s high net worth or
under the PRA unless it displays a institutional status or suitability or
(‘‘OMB’’) a request for approval of currently valid OMB control number.
extension of the existing collection of sophistication standing as well as a
The public may view background bank employee’s statutory
information provided for in the
documentation for this information disqualification status. Based on these
following rules: Rule 17Ad–6 (17 CFR
collection at the following website: estimates, the Commission anticipates
240.17Ad–6) and Rule 17Ad–7 (17 CFR
www.reginfo.gov. Comments should be that Regulation R, Rule 701 would result
240.17Ad–7) under the Securities
directed to: (i) Desk Officer for the in brokers or dealers making
Exchange Act of 1934 (15 U.S.C. 78a et
Securities and Exchange Commission, approximately 2,000 notifications to
seq.) (‘‘Exchange Act’’).
Office of Information and Regulatory banks per year. The Commission further
Rule 17Ad–6 under the Exchange Act Affairs, Office of Management and estimates (based on the level of
requires every registered transfer agent Budget, Room 10102, New Executive difficulty and complexity of the
to make and keep current records about Office Building, Washington, DC 20503, applicable activities) that a broker or
a variety of information, such as: (1) or by sending an email to: Shagufta_ dealer would spend approximately 15
Specific operational data regarding the Ahmed@omb.eop.gov; and (ii) Pamela minutes per notice to a bank. Therefore,
time taken to perform transfer agent Dyson, Director/Chief Information the estimated total annual third party
activities (to ensure compliance with Officer, Securities and Exchange disclosure burden for the requirements
the minimum performance standards in Commission, c/o Candace Kenner, 100 F in Regulation R, Rule 701 is 500 1 hours
Rule 17Ad–2 (17 CFR 240.17Ad–2)); (2) Street NE, Washington, DC 20549, or by for brokers or dealers.
written inquiries and requests by sending an email to: PRA_Mailbox@ Written comments are invited on: (a)
shareholders and broker-dealers and
sradovich on DSK3GMQ082PROD with NOTICES

sec.gov. Comments must be submitted to Whether the proposed collection of
response time thereto; (3) resolutions, OMB within 30 days of this notice. information is necessary for the proper
contracts, or other supporting performance of the functions of the
documents concerning the appointment Dated: July 13, 2018.
Commission, including whether the
or termination of the transfer agent; (4) Eduardo A. Aleman,
information shall have practical utility;
stop orders or notices of adverse claims Assistant Secretary.
to the securities; and (5) all canceled [FR Doc. 2018–15373 Filed 7–18–18; 8:45 am] 1 (2000 notices × 15 minutes) = 30,000 minutes/

registered securities certificates. BILLING CODE 8011–01–P 60 minutes = 500 hours.

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Federal Register / Vol. 83, No. 139 / Thursday, July 19, 2018 / Notices 34281

(b) the accuracy of the Commission’s address is U.S. Department of State, L/ a petition to revoke will not
estimates of the burden of the proposed PD, SA–5, Suite 5H03, Washington, DC automatically stay the effectiveness of
collection of information; (c) ways to 20522–0505. the exemption. Petitions for stay must
enhance the quality, utility, and clarity SUPPLEMENTARY INFORMATION: The be filed no later than July 26, 2018 (at
of the information collected; and (d) foregoing determinations were made least seven days before the exemption
ways to minimize the burden of the pursuant to the authority vested in me becomes effective).
collection of information on by the Act of October 19, 1965 (79 Stat. An original and 10 copies of all
respondents, including through the use 985; 22 U.S.C. 2459), E.O. 12047 of pleadings, referring to Docket No.
of automated collection techniques or March 27, 1978, the Foreign Affairs 36205, must be filed with the Surface
other forms of information technology. Reform and Restructuring Act of 1998 Transportation Board, 395 E Street SW,
Consideration will be given to (112 Stat. 2681, et seq.; 22 U.S.C. 6501 Washington, DC 20423–0001. In
comments and suggestions submitted in note, et seq.), Delegation of Authority addition, one copy of each pleading
writing within 60 days of this No. 234 of October 1, 1999, Delegation must be served on Eric M. Hocky, Clark
publication. of Authority No. 236–3 of August 28, Hill PLC, One Commerce Square, 2005
An agency may not conduct or 2000, and Delegation of Authority No. Market Street, Suite 1000, Philadelphia,
sponsor, and a person is not required to 236–10 of July 6, 2018. PA 19103.
respond to, a collection of information According to ATW, this action is
under the PRA unless it displays a Jennifer Z. Galt, excluded from environmental review
currently valid OMB control number. Principal Deputy Assistant, Secretary for under 49 CFR 1105.6(c) and from
Please direct your written comments Educational and Cultural Affairs, Department historic reporting requirements under
to: Pamela Dyson, Director/Chief of State.
49 CFR 1105.8(b).
Information Officer, Securities and [FR Doc. 2018–15409 Filed 7–18–18; 8:45 am] Board decisions and notices are
Exchange Commission, c/o Candace BILLING CODE 4710–05–P available on our website at
Kenner, 100 F Street NE, Washington, WWW.STB.GOV.
DC 20549, or send an email to: PRA_
Mailbox@sec.gov. Decided: July 13, 2018.
SURFACE TRANSPORTATION BOARD
By the Board, Scott M. Zimmerman, Acting
Dated: July 13, 2018. [Docket No. FD 36205] Director, Office of Proceedings.
Eduardo A. Aleman, Jeffrey Herzig,
Assistant Secretary. Atlantic and Western Railway, Limited Clearance Clerk.
[FR Doc. 2018–15379 Filed 7–18–18; 8:45 am] Partnership—Acquisition and
[FR Doc. 2018–15361 Filed 7–18–18; 8:45 am]
BILLING CODE 8011–01–P Operation Exemption—CSX
BILLING CODE 4915–01–P
Transportation, Inc.
Atlantic and Western Railway,
DEPARTMENT OF STATE Limited Partnership (ATW), a Class III DEPARTMENT OF TRANSPORTATION
[Public Notice: 10468] rail carrier, has filed a verified notice of
exemption under 49 CFR 1150.41 to Federal Highway Administration
Notice of Determinations; Culturally acquire and operate approximately 0.37
Significant Object Imported for miles of rail line owned by CSX Notice of Final Federal Agency Actions
Exhibition—Determinations: ‘‘Titian’s Transportation, Inc. (CSXT) between on Proposed Highway in California
Lady in White: A Renaissance Portrait milepost S 198.55 and milepost S AGENCY: Federal Highway
Revealed’’ Exhibition 198.92, in Sanford, N.C. (the Line).1 Administration (FHWA), DOT.
SUMMARY: Notice is hereby given of the ATW states that it entered into a
ACTION: Notice of Limitation on Claims
following determinations: I hereby Purchase and Sale Agreement with
CSXT dated January 2, 2018, to acquire for Judicial Review of Actions by the
determine that a certain object to be California Department of Transportation
included in the exhibition ‘‘Titian’s the Line in order to align operations and
ownership of tracks in this area where (Caltrans), pursuant to 23 U.S.C. 327,
Lady in White: A Renaissance Portrait U.S. Coast Guard, and U.S. Army Corps
Revealed,’’ imported from abroad for ATW and CSXT operations converge.
ATW also states that the proposed of Engineers.
temporary exhibition within the United
States, is of cultural significance. The acquisition and operation of the Line SUMMARY: The FHWA, on behalf of
object is imported pursuant to a loan does not impose or include an Caltrans, is issuing this notice to
agreement with the foreign owner or interchange commitment. announce actions taken by Caltrans that
custodian. I also determine that the ATW certifies that the proposed are final. The actions relate to a
exhibition or display of the exhibit transaction will not result in ATW proposed highway project, the State
object at the Columbus Museum of Art, becoming a Class II or Class I rail carrier Route 1 (SR 1) Lagunitas Creek Bridge
Columbus, Ohio, from on or about and that the projected annual revenue of Project from post miles 28.4 to 28.6 on
August 30, 2018, until on or about ATW will not exceed $5 million. SR 1 in the County of Marin, State of
December 9, 2018, and at possible The transaction may be consummated California. Those actions grant licenses,
additional exhibitions or venues yet to on or after August 2, 2018 (30 days after permits, and approvals for the project.
be determined, is in the national the verified notice was filed).
DATES: By this notice, the FHWA, on
interest. I have ordered that Public If the verified notice contains false or
behalf of Caltrans, is advising the public
sradovich on DSK3GMQ082PROD with NOTICES

Notice of these determinations be misleading information, the exemption
is void ab initio. Petitions to revoke the of final agency actions subject to 23
published in the Federal Register. U.S.C. 139(l)(1). A claim seeking
exemption under 49 U.S.C. 10502(d)
FOR FURTHER INFORMATION CONTACT: Julie judicial review of the Federal agency
may be filed at any time. The filing of
Simpson, Attorney-Adviser, Office of actions on the highway project will be
the Legal Adviser, U.S. Department of 1 ATW states that it is also acquiring certain barred unless the claim is filed on or
State (telephone: 202–632–6471; email: additional excepted tracks that are not subject to the before December 17, 2018. If the Federal
section2459@state.gov). The mailing Board’s jurisdiction. law that authorizes judicial review of a

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Document Created: 2018-07-19 01:34:25
Document Modified: 2018-07-19 01:34:25

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 34280