83 FR 57771 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 222 (November 16, 2018)

Page Range		57771-57771
FR Document		2018-25051

Federal Register, Volume 83 Issue 222 (Friday, November 16, 2018)

[Federal Register Volume 83, Number 222 (Friday, November 16, 2018)]
[Notices]
[Page 57771]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-25051]


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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 17f-1(c) and Form X-17F-1A, SEC File No. 270-29, OMB 
Control No. 3235-0037.

    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 approval of extension of the 
previously approved collection of information provided for in Rule 17f-
1(c) (17 CFR 240.17f-1(c) and Form X-17F-1A (17 CFR 249.100) under the 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).
    Rule 17f-1(c) requires approximately 15,500 entities in the 
securities industry to report lost, stolen, missing, or counterfeit 
securities certificates to the Commission or its designee, to a 
registered transfer agent for the issue, and, when criminal activity is 
suspected, to the Federal Bureau of Investigation. Such entities are 
required to use Form X-17F-1A to make such reports. Filing these 
reports fulfills a statutory requirement that reporting institutions 
report and inquire about missing, lost, counterfeit, or stolen 
securities. Since these reports are compiled in a central database, the 
rule facilitates reporting institutions to access the database that 
stores information for the Lost and Stolen Securities Program.
    We estimate that 10,100 reporting institutions will report that 
securities certificates are either missing, lost, counterfeit, or 
stolen annually and that each reporting institution will submit this 
report 30 times each year. The staff estimates that the average amount 
of time necessary to comply with Rule 17f-1(c) and Form X17F-1A is five 
minutes per submission. The total burden is 25,250 hours annually for 
the entire industry (10,100 times 30 times 5 divided by 60).
    Rule 17f-1(c) is a reporting rule and does not specify a retention 
period. The rule requires an incident-based reporting requirement by 
the reporting institutions when securities certificates are discovered 
to be missing, lost, counterfeit, or stolen. Registering under Rule 
17f-1(c) is mandatory to obtain the benefit of a central database that 
stores information about missing, lost, counterfeit, or stolen 
securities for the Lost and Stolen Securities Program. Reporting 
institutions required to register under Rule 17f-1(c) will not be kept 
confidential; however, the Lost and Stolen Securities Program database 
will be kept confidential.
    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: 
Lindsay.M.Abate@omb.eop.gov and (ii) Charles Riddle, Acting 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 PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 
30 days of this notice.

    Dated: November 13, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-25051 Filed 11-15-18; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 222 / Friday, November 16, 2018 / Notices 57771

they obtain affirmative written consent Dated: November 13, 2018. Rule 17f–1(c) is a reporting rule and
to household prospectuses in the fund’s Eduardo A. Aleman, does not specify a retention period. The
account opening documentation; or (ii) Assistant Secretary. rule requires an incident-based
do not take advantage of the [FR Doc. 2018–25047 Filed 11–15–18; 8:45 am] reporting requirement by the reporting
householding provision because of BILLING CODE 8011–01–P
institutions when securities certificates
electronic delivery options which lessen are discovered to be missing, lost,
the economic and operational benefits counterfeit, or stolen. Registering under
of rule 154 when compared with the SECURITIES AND EXCHANGE Rule 17f–1(c) is mandatory to obtain the
costs of compliance. COMMISSION benefit of a central database that stores
The Commission estimates that there information about missing, lost,
are approximately 175 broker-dealers Submission for OMB Review; counterfeit, or stolen securities for the
that carry customer accounts for the Comment Request Lost and Stolen Securities Program.
remaining mutual funds and therefore Reporting institutions required to
may be required to deliver mutual fund Upon Written Request, Copies Available register under Rule 17f–1(c) will not be
prospectuses. The Commission From: Securities and Exchange kept confidential; however, the Lost and
estimates that each affected broker- Commission, Office of FOIA Services, Stolen Securities Program database will
dealer will spend, on average, 20 hours 100 F Street NE, Washington, DC be kept confidential.
complying with the notice requirement 20549–2736 An agency may not conduct or
of the rule, for a total of 3,500 hours. Extension: sponsor, and a person is not required to
Therefore, the total number of Rule 17f–1(c) and Form X–17F–1A, SEC respond to, a collection of information
respondents for rule 154 is 475 (300 4 File No. 270–29, OMB Control No. 3235– under the PRA unless it displays a
mutual funds plus 175 broker-dealers), 0037. currently valid OMB control number.
and the estimated total hour burden is Notice is hereby given that pursuant The public may view background
approximately 7,975 hours (4,300 hours to the Paperwork Reduction Act of 1995 documentation for this information
for mutual funds plus 3,675 hours for (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the collection at the following website:
broker-dealers). Securities and Exchange Commission www.reginfo.gov. Comments should be
The estimate of average burden hours directed to: (i) Desk Officer for the
(‘‘Commission’’) has submitted to the
is made solely for the purposes of the Securities and Exchange Commission,
Office of Management and Budget
Paperwork Reduction Act, and is not Office of Information and Regulatory
(‘‘OMB’’) a request for approval of
derived from a comprehensive or even Affairs, Office of Management and
extension of the previously approved
a representative survey or study of the Budget, Room 10102, New Executive
collection of information provided for in
costs of Commission rules and forms. Office Building, Washington, DC 20503
Compliance with the collection of Rule 17f–1(c) (17 CFR 240.17f–1(c) and
Form X–17F–1A (17 CFR 249.100) or by sending an email to:
information requirements of the rule is
under the Securities Exchange Act of Lindsay.M.Abate@omb.eop.gov and (ii)
necessary to obtain the benefit of relying
1934 (15 U.S.C. 78a et seq.). Charles Riddle, Acting Director/Chief
on the rule. Responses to the collections
Rule 17f–1(c) requires approximately Information Officer, Securities and
of information will not be kept
confidential. The rule does not require 15,500 entities in the securities industry Exchange Commission, c/o Candace
these records be retained for any to report lost, stolen, missing, or Kenner, 100 F Street NE, Washington,
specific period of time. An agency may counterfeit securities certificates to the DC 20549, or by sending an email to
not conduct or sponsor, and a person is Commission or its designee, to a PRA_Mailbox@sec.gov. Comments must
not required to respond to, a collection registered transfer agent for the issue, be submitted to OMB within 30 days of
of information unless it displays a and, when criminal activity is this notice.
currently valid control number. suspected, to the Federal Bureau of Dated: November 13, 2018.
The public may view the background Investigation. Such entities are required Eduardo A. Aleman,
documentation for this information to use Form X–17F–1A to make such Assistant Secretary.
collection at the following website, reports. Filing these reports fulfills a [FR Doc. 2018–25051 Filed 11–15–18; 8:45 am]
www.reginfo.gov. Comments should be statutory requirement that reporting
BILLING CODE 8011–01–P
directed to: (i) Desk Officer for the institutions report and inquire about
Securities and Exchange Commission, missing, lost, counterfeit, or stolen
Office of Information and Regulatory securities. Since these reports are SECURITIES AND EXCHANGE
Affairs, Office of Management and compiled in a central database, the rule COMMISSION
Budget, Room 10102, New Executive facilitates reporting institutions to
Office Building, Washington, DC 20503, access the database that stores [Release No. 34–84570; File No. SR–GEMX–
or by sending an email to: information for the Lost and Stolen 2018–36]
Lindsay.M.Abate@omb.eop.gov; and (ii) Securities Program.
Self-Regulatory Organizations; Nasdaq
Charles Riddle, Acting Director/Chief We estimate that 10,100 reporting
GEMX, LLC; Notice of Filing and
Information Officer, Securities and institutions will report that securities
Immediate Effectiveness of Proposed
Exchange Commission, c/o Candace certificates are either missing, lost,
Rule Change To Amend General 8 of
Kenner, 100 F Street NE, Washington, counterfeit, or stolen annually and that
the Exchange’s Rules
DC 20549 or send an email to: PRA_ each reporting institution will submit
Mailbox@sec.gov. Comments must be this report 30 times each year. The staff November 9, 2018.
amozie on DSK3GDR082PROD with NOTICES

submitted to OMB within 30 days of estimates that the average amount of Pursuant to Section 19(b)(1) of the
this notice. time necessary to comply with Rule Securities Exchange Act of 1934
17f–1(c) and Form X17F–1A is five (‘‘Act’’),1 and Rule 19b–4 thereunder,2
4 The Commission estimates that 200 mutual
minutes per submission. The total notice is hereby given that on October
funds prepare both the implied consent notice and
the annual explanation of the right to revoke
burden is 25,250 hours annually for the
consent + 100 mutual funds that prepare only the entire industry (10,100 times 30 times 5 1 15 U.S.C. 78s(b)(1).
annual explanation of the right to revoke. divided by 60). 2 17 CFR 240.19b–4.

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Document Created: 2018-11-16 07:22:33
Document Modified: 2018-11-16 07:22:33

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 57771