83 FR 42958 - Proposed Collection; Comment Request
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 165 (August 24, 2018)
Federal Register Volume 83, Issue 165 (August 24, 2018)
| Page Range | 42958-42958 | |
| FR Document | 2018-18359 |
[Federal Register Volume 83, Number 165 (Friday, August 24, 2018)] [Notices] [Page 42958] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-18359] ----------------------------------------------------------------------- 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: Rule 17g-5; SEC File. No. 270-581, OMB Control No. 3235-0649 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'') the Securities and Exchange Commission (``Commission'') has submitted to the Office of Management and Budget (``OMB'') a request for approval of extension of the previously approved collection of information provided for in Rule 17g-5 (17 CFR 240.17g-5) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange Act''). Rule 17g-5 requires the disclosure of and establishment of procedures to manage certain NRSRO conflicts of interest, prohibits certain other NRSRO conflicts of interest, and contains requirements regarding the disclosure of information in the case of the conflict of interest of an NRSRO issuing or maintaining a credit rating on an asset-backed security that was paid for by the issuer, sponsor, or underwriter of the security. The Commission previously estimated that the total annual burden for respondents to comply with Rule 17g-5 is 261,295 hours. The Commission may not conduct or sponsor a collection of information unless it displays a currently valid OMB control number. No person shall be subject to any penalty for failing to comply with a collection of information subject to the PRA that does not display a valid Office of Management and Budget (OMB) control number. Background documentation for this information collection may be viewed 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: Shagufta_Ahmed@omb.eop.gov; and (ii) Pamela Dyson, Director/Chief Information Officer, Securities and Exchange Commission, c/o Candace Kenner, 100 F St NE, Washington, DC 20549 or send an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: August 21, 2018. Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-18359 Filed 8-23-18; 8:45 am] BILLING CODE 8011-01-P
![42958 Federal Register / Vol. 83, No. 165 / Friday, August 24, 2018 / Notices
conduit funds would be approximately SECURITIES AND EXCHANGE must be submitted to OMB within 30
30 minutes,4 at a cost of $201.5 COMMISSION days of this notice.
The estimate of average burden hours Dated: August 21, 2018.
Proposed Collection; Comment
is made solely for the purposes of the Eduardo A. Aleman,
Request
Paperwork Reduction Act, and is not Assistant Secretary.
derived from a comprehensive or even Upon Written Request, Copies Available [FR Doc. 2018–18359 Filed 8–23–18; 8:45 am]
a representative survey or study of the From: Securities and Exchange BILLING CODE 8011–01–P
costs of Commission rules and forms. Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
Compliance with the collection of
20549–2736 SECURITIES AND EXCHANGE
information requirements of the rule is
necessary to obtain the benefit of relying Extension: COMMISSION
Rule 17g–5; SEC File. No. 270–581, OMB
on the rule. An agency may not conduct Control No. 3235–0649 Proposed Collection; Comment
or sponsor, and a person is not required Request
to respond to, a collection of Notice is hereby given that pursuant
information unless it displays a to the Paperwork Reduction Act of 1995
Upon Written Request, Copies Available
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
currently valid control number. From: Securities and Exchange
Securities and Exchange Commission
Written comments are invited on: (a) Commission, Office of FOIA Services,
(‘‘Commission’’) the Securities and
Whether the collection of information is 100 F Street NE, Washington, DC
Exchange Commission (‘‘Commission’’)
necessary for the proper performance of 20549–2736
has submitted to the Office of
the functions of the Commission, Management and Budget (‘‘OMB’’) a Extension:
including whether the information has request for approval of extension of the Rule 17a–12/Form X–17A–5 Part IIB, SEC
previously approved collection of File No. 270–442, OMB Control No.
practical utility; (b) the accuracy of the
3235–0498
Commission’s estimate of the burden of information provided for in Rule 17g–5
the collection of information; (c) ways to (17 CFR 240.17g–5) under the Securities Notice is hereby given that pursuant
enhance the quality, utility, and clarity Exchange Act of 1934 (15 U.S.C. 78a et to the Paperwork Reduction Act of 1995
of the information collected; and (d) seq.) (‘‘Exchange Act’’). (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
ways to minimize the burden of the Rule 17g–5 requires the disclosure of Securities and Exchange Commission
collection of information on and establishment of procedures to (‘‘Commission’’) is soliciting comments
manage certain NRSRO conflicts of on the existing collection of information
respondents, including through the use
interest, prohibits certain other NRSRO provided for in Rule 17a–12 (17 CFR
of automated collection techniques or conflicts of interest, and contains
other forms of information technology. 240.17a–12) and Part IIB of Form X–
requirements regarding the disclosure of 17A–5 (17 CFR 249.617) under the
Consideration will be given to information in the case of the conflict of
comments and suggestions submitted in Securities Exchange Act of 1934 (15
interest of an NRSRO issuing or U.S.C. 78a et seq.). The Commission
writing within 60 days after this maintaining a credit rating on an asset-
publication. plans to submit this existing collection
backed security that was paid for by the of information to the Office of
Please direct your written comments issuer, sponsor, or underwriter of the Management and Budget (‘‘OMB’’) for
to Pamela Dyson, Director/Chief security. The Commission previously extension and approval.
Information Officer, Securities and estimated that the total annual burden
for respondents to comply with Rule Rule 17a–12 is the reporting rule
Exchange Commission, C/O Candace tailored specifically for over-the-counter
Kenner, 100 F Street NE, Washington, 17g–5 is 261,295 hours.
The Commission may not conduct or (‘‘OTC’’) derivatives dealers registered
DC 20549; or send an email to: PRA_ with the Commission, and Part IIB of
sponsor a collection of information
Mailbox@sec.gov. Form X–17A–5, the Financial and
unless it displays a currently valid OMB
Dated: August 21, 2018. control number. No person shall be Operational Combined Uniform Single
Eduardo A. Aleman, subject to any penalty for failing to (‘‘FOCUS’’) Report, is the basic
comply with a collection of information document for reporting the financial
Assistant Secretary.
subject to the PRA that does not display and operational condition of OTC
[FR Doc. 2018–18360 Filed 8–23–18; 8:45 am]
a valid Office of Management and derivatives dealers. Rule 17a–12
BILLING CODE 8011–01–P
Budget (OMB) control number. requires registered OTC derivatives
Background documentation for this dealers to file Part IIB of the FOCUS
information collection may be viewed at Report quarterly. Rule 17a–12 also
the following website: www.reginfo.gov. requires that OTC derivatives dealers
Comments should be directed to: (i) file audited financial statements
4 This estimate is based on the following
Desk Officer for the Securities and annually.
calculations: (1 hour ÷ 6 years) = 10 minutes per
year for each fund and conduit fund that is required Exchange Commission, Office of The reports required under Rule 17a–
to provide notice under the rule. 10 minutes per Information and Regulatory Affairs, 12 provide the Commission with
year × 3 (combined number of affected funds and Office of Management and Budget, information used to monitor the
conduit funds) = 30 minutes. Room 10102, New Executive Office operations of OTC derivatives dealers
5 This estimate is based on the following
Building, Washington, DC 20503, or by and to enforce their compliance with
daltland on DSKBBV9HB2PROD with NOTICES
calculation: $401/hour × 30 minutes = $200.50. The sending an email to: Shagufta_Ahmed@ the Commission’s rules. These reports
estimated hourly wages used in this PRA analysis omb.eop.gov; and (ii) Pamela Dyson, also enable the Commission to review
were derived from reports prepared by the
Director/Chief Information Officer, the business activities of OTC
Securities Industry and Financial Markets
Association, modified to account for an 1,800-hour
Securities and Exchange Commission, c/ derivatives dealers and to anticipate,
work year and multiplied by 5.35 to account for o Candace Kenner, 100 F St NE, where possible, how these dealers may
bonuses, firm size, employee benefits and overhead, Washington, DC 20549 or send an email be affected by significant economic
and adjusted for inflation. to: PRA_Mailbox@sec.gov. Comments events.
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Document Created: 2018-08-24 04:14:03
Document Modified: 2018-08-24 04:14:03
| 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 42958 |
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