83 FR 540 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Investment Advice Participants and Beneficiaries
DEPARTMENT OF LABOR
Office of the Secretary Federal Register Volume 83, Issue 3 (January 4, 2018)
Office of the Secretary
Federal Register Volume 83, Issue 3 (January 4, 2018)
| Page Range | 540-541 | |
| FR Document | 2017-28444 |
[Federal Register Volume 83, Number 3 (Thursday, January 4, 2018)] [Notices] [Pages 540-541] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-28444] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF LABOR Office of the Secretary Agency Information Collection Activities; Submission for OMB Review; Comment Request; Investment Advice Participants and Beneficiaries ACTION: Notice of availability; request for comments. ----------------------------------------------------------------------- SUMMARY: The Department of Labor (DOL) is submitting the Employee Benefits Security Administration (EBSA) sponsored information collection request (ICR) titled, ``Investment Advice Participants and Beneficiaries,'' to the Office of Management and Budget (OMB) for review and approval for continued use, without change, in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited. DATES: The OMB will consider all written comments that agency receives on or before February 5, 2018. ADDRESSES: A copy of this ICR with applicable supporting documentation; including a description of the likely respondents, proposed frequency of response, and estimated total burden may be obtained free of charge from the RegInfo.gov website at http://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=201711-1210-001 (this link will only become active on the day following publication of this notice) or by contacting Michel Smyth by telephone at 202-693-4129, TTY 202-693-8064, (these are not toll-free numbers) or by email at [email protected]. Submit comments about this request by mail to the Office of Information and Regulatory Affairs, Attn: OMB Desk Officer for DOL- EBSA, Office of Management and Budget, Room 10235, 725 17th Street NW, Washington, DC 20503; by Fax: 202-395-5806 (this is not a toll-free number); or by email: [email protected]. Commenters are encouraged, but not required, to send a courtesy copy of any comments by mail or courier to the U.S. Department of Labor-OASAM, Office of the Chief Information Officer, Attn: Departmental Information Compliance Management Program, Room N1301, 200 Constitution Avenue NW, Washington, DC 20210; or by email: [email protected]. FOR FURTHER INFORMATION CONTACT: Michel Smyth by telephone at 202-693- 4129, TTY 202-693-8064, (these are not toll-free numbers) or by email at [email protected]. Authority: 44 U.S.C. 3507(a)(1)(D). SUPPLEMENTARY INFORMATION: This ICR seeks to extend PRA authority for the Investment Advice Participants and Beneficiaries information collection. The regulatory provision contains the following information collection requirements: (1) A fiduciary adviser must furnish an initial disclosure that provides detailed information to participants about an advice arrangement before initially providing investment advice; (2) a fiduciary adviser must annually engage an independent auditor to audit the investment advice arrangement for compliance with the regulation; (3) if the fiduciary adviser provides the investment advice through the use of a computer model, then--before providing the advice--the fiduciary adviser must obtain a written certification from an eligible investment expert as to the computer model's compliance with certain standards (e.g., applies generally accepted investment theories, unbiased operation, and objective criteria) set forth in the regulation; and (4) a fiduciary adviser must maintain records with respect to the investment advice provided in reliance on the regulation necessary to determine whether the applicable requirements of the regulation have been satisfied. Employee Retirement Income Security Act (ERISA) of 1974 sections 408(b)(14) and 408(g) authorizes this information collection. See 29 U.S.C. 1108(b)(14), 1108(g). This information collection is subject to the PRA. A Federal agency generally cannot conduct or sponsor a collection of information, and the public is generally not required to respond to an [[Page 541]] information collection, unless it is approved by the OMB under the PRA and displays a currently valid OMB Control Number. In addition, notwithstanding any other provisions of law, no person shall generally be subject to penalty for failing to comply with a collection of information that does not display a valid Control Number. See 5 CFR 1320.5(a) and 1320.6. The DOL obtains OMB approval for this information collection under Control Number 1210-0134. OMB authorization for an ICR cannot be for more than three (3) years without renewal, and the DOL seeks to extend PRA authorization for this information collection for three (3) more years, without any change to existing requirements. The DOL notes that existing information collection requirements submitted to the OMB receive a month-to-month extension while they undergo review. For additional substantive information about this ICR, see the related notice published in the Federal Register on May 22, 2017 (82 FR 23303). Interested parties are encouraged to send comments to the OMB, Office of Information and Regulatory Affairs at the address shown in the ADDRESSES section within thirty (30) days of publication of this notice in the Federal Register. In order to help ensure appropriate consideration, comments should mention OMB Control Number 1210-0134. The OMB is particularly interested in comments that:Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; Evaluate the accuracy of the agency's estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; Enhance the quality, utility, and clarity of the information to be collected; and Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. Agency: DOL-EBSA. Title of Collection: Investment Advice Participants and Beneficiaries. OMB Control Number: 1210-0134. Affected Public: Private Sector--businesses or other for-profits. Total Estimated Number of Respondents: 9,946. Total Estimated Number of Responses: 21,501,930. Total Estimated Annual Time Burden: 2,340,981 hours. Total Estimated Annual Other Costs Burden: $278,939,750. Authority: 44 U.S.C. 3507(a)(1)(D). Seleda Perryman, Assistant Departmental Clearance Officer. [FR Doc. 2017-28444 Filed 1-3-18; 8:45 am] BILLING CODE 4510-29-P
![540 Federal Register / Vol. 83, No. 3 / Thursday, January 4, 2018 / Notices
approved finished dosage forms for indication of the approximate time Submit comments about this request
commercial sale. requested to make their presentation on by mail to the Office of Information and
Dated: December 28, 2017. or before January 19, 2018. Regulatory Affairs, Attn: OMB Desk
Neil D. Doherty, General Information: NIC welcomes Officer for DOL–EBSA, Office of
the attendance of the public at its Management and Budget, Room 10235,
Deputy Assistant Administrator.
advisory committee meetings and will 725 17th Street NW, Washington, DC
[FR Doc. 2017–28471 Filed 1–3–18; 8:45 am] 20503; by Fax: 202–395–5806 (this is
make every effort to accommodate
BILLING CODE 4410–09–P
persons with physical disabilities or not a toll-free number); or by email:
special needs. If you require special OIRA_submission@omb.eop.gov.
accommodations due to a disability, Commenters are encouraged, but not
DEPARTMENT OF JUSTICE required, to send a courtesy copy of any
please contact Shaina Vanek at least 7
National Institute of Corrections days in advance of the meeting. Notice comments by mail or courier to the U.S.
of this meeting is given under the Department of Labor-OASAM, Office of
Advisory Board; Notice of Meeting Federal Advisory Committee Act (5 the Chief Information Officer, Attn:
U.S.C. app. 2). Departmental Information Compliance
This notice announces a forthcoming Management Program, Room N1301,
meeting of the National Institute of Shaina Vanek, 200 Constitution Avenue NW,
Corrections (NIC) Advisory Board. The Acting Director, National Institute of Washington, DC 20210; or by email:
meeting will be open to the public. Corrections. DOL_PRA_PUBLIC@dol.gov.
Name of Committee: Advisory Board. [FR Doc. 2017–28121 Filed 1–3–18; 8:45 am] FOR FURTHER INFORMATION CONTACT:
General Function of the Committee: BILLING CODE 4410–36–M Michel Smyth by telephone at 202–693–
To aid the National Institute of 4129, TTY 202–693–8064, (these are not
Corrections in developing long-range toll-free numbers) or by email at DOL_
plans, advise on program development, PRA_PUBLIC@dol.gov.
and to support NIC’s efforts in the areas DEPARTMENT OF LABOR
of training, technical assistance, Authority: 44 U.S.C. 3507(a)(1)(D).
information services, and policy/ Office of the Secretary SUPPLEMENTARY INFORMATION: This ICR
program development assistance to seeks to extend PRA authority for the
Federal, state, and local corrections Agency Information Collection Investment Advice Participants and
agencies. Activities; Submission for OMB Beneficiaries information collection.
Date and Time: 8:30 a.m. to 12:00 Review; Comment Request; The regulatory provision contains the
p.m. on Thursday, January 25, 2018, Investment Advice Participants and following information collection
8:30 a.m. to 12:00 p.m. on Friday, Beneficiaries requirements: (1) A fiduciary adviser
January 26, 2018. must furnish an initial disclosure that
Location: National Institute of ACTION:Notice of availability; request provides detailed information to
Corrections, 500 First Street NW, 2nd for comments. participants about an advice
Floor, Washington, DC 20534, (202) arrangement before initially providing
SUMMARY: The Department of Labor
514–4202. investment advice; (2) a fiduciary
(DOL) is submitting the Employee
Contact Person: Shaina Vanek, Acting adviser must annually engage an
Benefits Security Administration
Director, National Institute of independent auditor to audit the
(EBSA) sponsored information
Corrections, 320 First Street NW, Room investment advice arrangement for
collection request (ICR) titled,
5002, Washington, DC 20534. To contact compliance with the regulation; (3) if
‘‘Investment Advice Participants and
Ms. Vanek, please call (202) 514–4202. the fiduciary adviser provides the
Beneficiaries,’’ to the Office of
Agenda: On the mornings of January investment advice through the use of a
Management and Budget (OMB) for
25 and 26, 2018, the Advisory Board computer model, then—before
review and approval for continued use,
will discuss/address the following providing the advice—the fiduciary
without change, in accordance with the
topics: (1) Agency Report from the NIC adviser must obtain a written
Paperwork Reduction Act of 1995
Acting Director, (2) briefings on current certification from an eligible investment
(PRA). Public comments on the ICR are
activities and future goals, and (3) expert as to the computer model’s
invited.
updates from partner agencies and compliance with certain standards (e.g.,
associations. DATES: The OMB will consider all applies generally accepted investment
Procedure: Then January 25 and 26, written comments that agency receives theories, unbiased operation, and
2018 meetings are open to the public. on or before February 5, 2018. objective criteria) set forth in the
Interested persons may present data, ADDRESSES: A copy of this ICR with regulation; and (4) a fiduciary adviser
information or views, orally or in applicable supporting documentation; must maintain records with respect to
writing, on issues pending before the including a description of the likely the investment advice provided in
committee. Oral presentations from the respondents, proposed frequency of reliance on the regulation necessary to
public will be scheduled between response, and estimated total burden determine whether the applicable
approximately 11:15 a.m. to 11:30 a.m. may be obtained free of charge from the requirements of the regulation have
on January 25, 2018 and between 11:15 RegInfo.gov website at http:// been satisfied. Employee Retirement
a.m. and 11:30 a.m. on January 26, 2018. www.reginfo.gov/public/do/ Income Security Act (ERISA) of 1974
Time allotted for each presentation may PRAViewICR?ref_nbr=201711-1210-001 sections 408(b)(14) and 408(g)
ethrower on DSK3G9T082PROD with NOTICES
be limited. Those desiring to make (this link will only become active on the authorizes this information collection.
formal oral presentations should notify day following publication of this notice) See 29 U.S.C. 1108(b)(14), 1108(g).
the contact person and submit a brief or by contacting Michel Smyth by This information collection is subject
statement of the general nature of the telephone at 202–693–4129, TTY 202– to the PRA. A Federal agency generally
evidence or arguments they wish to 693–8064, (these are not toll-free cannot conduct or sponsor a collection
present, the names and addresses of numbers) or by email at DOL_PRA_ of information, and the public is
proposed participants, and an PUBLIC@dol.gov. generally not required to respond to an
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![Federal Register / Vol. 83, No. 3 / Thursday, January 4, 2018 / Notices 541
information collection, unless it is Total Estimated Number of The January 8, 2018 comment due
approved by the OMB under the PRA Respondents: 9,946. date applies to Docket Nos. MC2018–90
and displays a currently valid OMB Total Estimated Number of and CP2018–132; MC2018–91 and
Control Number. In addition, Responses: 21,501,930. CP2018–133; MC2018–92 and CP2018–
notwithstanding any other provisions of Total Estimated Annual Time Burden: 134; MC2018–93 and CP2018–135;
law, no person shall generally be subject 2,340,981 hours. MC2018–94 and CP2018–136.
to penalty for failing to comply with a Total Estimated Annual Other Costs The January 9, 2018 commend due
collection of information that does not Burden: $278,939,750. date applies to Docket Nos. CP2017–23;
display a valid Control Number. See 5 Authority: 44 U.S.C. 3507(a)(1)(D). MC2018–95 and CP2018–137; MC2018–
CFR 1320.5(a) and 1320.6. The DOL 96 and CP2018–138; MC2018–97 and
obtains OMB approval for this Seleda Perryman, CP2018–139; MC2018–98 and CP2018–
information collection under Control Assistant Departmental Clearance Officer. 140.
Number 1210–0134. [FR Doc. 2017–28444 Filed 1–3–18; 8:45 am] The January 10, 2018 commend due
OMB authorization for an ICR cannot BILLING CODE 4510–29–P date applies to Docket Nos. MC2018–99
be for more than three (3) years without and CP2018–141; MC2018–100 and
renewal, and the DOL seeks to extend CP2018–142; MC2018–101 and CP2018–
PRA authorization for this information POSTAL REGULATORY COMMISSION 143; MC2018–102 and CP2018–144;
collection for three (3) more years, MC2018–103 and CP2018–145.
[Docket Nos. CP2017–23, MC2018–87 and The January 11, 2018 commend due
without any change to existing
CP2018–129; MC2018–88 and CP2018–130; date applies to Docket Nos. MC2018–
requirements. The DOL notes that MC2018–89 and CP2018–131; MC2018–90
existing information collection 104 and CP2018–146; MC2018–105 and
and CP2018–132; MC2018–91 and CP2018–
requirements submitted to the OMB 133; MC2018–92 and CP128–134; MC2018–
CP2018–147; MC2018–106 and CP2018–
receive a month-to-month extension 93 and CP2018–135; MC2018–94 and 148; MC2018–107 and CP2018–149;
while they undergo review. For CP2018–136; MC2018–95 and CP2018–137; MC2018–108 and CP2018–150.
additional substantive information MC2018–96 and CP2018–138; MC2018–97 The January 12, 2018 commend due
about this ICR, see the related notice and CP2018–139; MC2018–98 and CP2018– date applies to Docket Nos. MC2018–
published in the Federal Register on 140; MC2018–99 and CP2018–141; MC2018– 109 and CP2018–151.
100 and CP2018–142; MC2018–101 and
May 22, 2017 (82 FR 23303). Table of Contents
CP2018–143; MC2018–102 and CP2018–144;
Interested parties are encouraged to MC2018–103 and CP2018–145; MC2018–104
send comments to the OMB, Office of I. Introduction
and CP2018–146; MC2018–105 and CP2018– II. Docketed Proceeding(s)
Information and Regulatory Affairs at 147; MC2018–106 and CP2018–148;
the address shown in the ADDRESSES MC2018–107 and CP2018–149; MC2018–108 I. Introduction
section within thirty (30) days of and CP2018–150; MC2018–109 and CP2018– The Commission gives notice that the
publication of this notice in the Federal 151]
Postal Service filed request(s) for the
Register. In order to help ensure Commission to consider matters related
appropriate consideration, comments New Postal Products
to negotiated service agreement(s). The
should mention OMB Control Number AGENCY: Postal Regulatory Commission. request(s) may propose the addition or
1210–0134. The OMB is particularly ACTION: Notice. removal of a negotiated service
interested in comments that: agreement from the market dominant or
• Evaluate whether the proposed SUMMARY: The Commission is noticing the competitive product list, or the
collection of information is necessary recent Postal Service filings for the modification of an existing product
for the proper performance of the Commission’s consideration concerning currently appearing on the market
functions of the agency, including negotiated service agreements. This dominant or the competitive product
whether the information will have notice informs the public of the filing, list.
practical utility; invites public comment, and takes other Section II identifies the docket
• Evaluate the accuracy of the administrative steps. number(s) associated with each Postal
agency’s estimate of the burden of the DATES: Comments are due: January 5, Service request, the title of each Postal
proposed collection of information, 2018, January 8, 2018, January 9, 2018, Service request, the request’s acceptance
including the validity of the January 10, 2018, January 11, 2018, and date, and the authority cited by the
methodology and assumptions used; January 12, 2018. Postal Service for each request. For each
• Enhance the quality, utility, and request, the Commission appoints an
ADDRESSES: Submit comments
clarity of the information to be officer of the Commission to represent
electronically via the Commission’s
collected; and the interests of the general public in the
Filing Online system at http://
• Minimize the burden of the proceeding, pursuant to 39 U.S.C. 505
www.prc.gov. Those who cannot submit
collection of information on those who (Public Representative). Section II also
comments electronically should contact
are to respond, including through the establishes comment deadline(s)
the person identified in the FOR FURTHER
use of appropriate automated, pertaining to each request.
INFORMATION CONTACT section by
electronic, mechanical, or other The public portions of the Postal
telephone for advice on filing
technological collection techniques or Service’s request(s) can be accessed via
alternatives.
other forms of information technology, the Commission’s website (http://
e.g., permitting electronic submission of FOR FURTHER INFORMATION CONTACT: www.prc.gov). Non-public portions of
ethrower on DSK3G9T082PROD with NOTICES
responses. David A. Trissell, General Counsel, at the Postal Service’s request(s), if any,
Agency: DOL–EBSA. 202–789–6820. can be accessed through compliance
Title of Collection: Investment Advice SUPPLEMENTARY INFORMATION: The with the requirements of 39 CFR
Participants and Beneficiaries. January 5, 2018 comment due date 3007.40.
OMB Control Number: 1210–0134. applies to Docket Nos. MC2018–87 and The Commission invites comments on
Affected Public: Private Sector— CP2018–129; MC2018–88 and CP2018– whether the Postal Service’s request(s)
businesses or other for-profits. 130; MC2018–89 and CP2018–131. in the captioned docket(s) are consistent
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Document Created: 2018-01-04 02:01:57
Document Modified: 2018-01-04 02:01:57
| 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 | |
| Action | Notice of availability; request for comments. | |
| Dates | The OMB will consider all written comments that agency receives on or before February 5, 2018. | |
| Contact | Michel Smyth by telephone at 202-693- 4129, TTY 202-693-8064, (these are not toll-free numbers) or by email at [email protected] | |
| FR Citation | 83 FR 540 |
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