83 FR 62642 - Proposed Collection; Comment Request
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 233 (December 4, 2018)
Federal Register Volume 83, Issue 233 (December 4, 2018)
| Page Range | 62642-62642 | |
| FR Document | 2018-26326 |
[Federal Register Volume 83, Number 233 (Tuesday, December 4, 2018)] [Notices] [Page 62642] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-26326] ----------------------------------------------------------------------- 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-4, SEC File No. 270-566, OMB Control No. 3235-0627 Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and Exchange Commission (``Commission'') is soliciting comments on the existing collection of information provided for in Rule 17g-4 (17 CFR 240.17g-4) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange Act''). The Commission plans to submit this existing collection of information to the Office of Management and Budget (``OMB'') for extension and approval. The Credit Rating Agency Reform Act of 2006 added a new section 15E, ``Registration of Nationally Recognized Statistical Rating Organizations,'' \1\ to the Exchange Act. Pursuant to the authority granted under section 15E of the Exchange Act, the Commission adopted Rule 17g-4, which requires that a nationally recognized statistical rating organization (``NRSRO'') establish, maintain, and enforce written policies and procedures to prevent the misuse of material nonpublic information, including policies and procedures reasonably designed to prevent: (a) The inappropriate dissemination of material nonpublic information obtained in connection with the performance of credit rating services; (b) a person within the NRSRO from trading on material nonpublic information; and (c) the inappropriate dissemination of a pending credit rating action.\2\ --------------------------------------------------------------------------- \1\ 15 U.S.C. 78o-7. \2\ See 17 CFR 240.17g-4; Release No. 34-55231 (Feb. 2, 2007), 72 FR 6378 (Feb. 9, 2007); Release No. 34-55857 (June 5, 2007), 72 FR 33564 (June 18, 2007). --------------------------------------------------------------------------- There are 10 credit rating agencies registered with the Commission as NRSROs under section 15E of the Exchange Act, which have already established the policies and procedures required by Rule 17g-4. Based on staff experience, an NRSRO is estimated to spend an average of approximately 10 hours per year reviewing its policies and procedures regarding material nonpublic information and updating them (if necessary), resulting in an average industry-wide annual hour burden of approximately 100 hours.\3\ --------------------------------------------------------------------------- \3\ 10 currently registered NRSROs x 10 hours = 100 hours. --------------------------------------------------------------------------- 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; (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 on respondents; 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. The Commission may not conduct or sponsor a collection of information unless it displays a currently valid 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 OMB control number. Please direct your written comments to: Charles Riddle, Acting Chief Information Officer, Securities and Exchange Commission, c/o Candace Kenner, 100 F St NE, Washington, DC 20549 or send an email to: [email protected]. Dated: November 28, 2018. Eduardo Aleman, Assistant Secretary. [FR Doc. 2018-26326 Filed 12-3-18; 8:45 am] BILLING CODE 8011-01-P
![62642 Federal Register / Vol. 83, No. 233 / Tuesday, December 4, 2018 / Notices
At times, changes in Commission the inappropriate dissemination of a SECURITIES AND EXCHANGE
priorities require alterations in the pending credit rating action.2 COMMISSION
scheduling of meeting items. There are 10 credit rating agencies
CONTACT PERSON FOR MORE INFORMATION: registered with the Commission as [Release No. 34–84669; File No. SR–ICEEU–
For further information and to ascertain NRSROs under section 15E of the 2018–018]
what, if any, matters have been added, Exchange Act, which have already
deleted or postponed; please contact Self-Regulatory Organizations; ICE
established the policies and procedures
Brent J. Fields from the Office of the Clear Europe Limited; Notice of Filing
required by Rule 17g–4. Based on staff
Secretary at (202) 551–5400. and Immediate Effectiveness of a
experience, an NRSRO is estimated to Proposed Rule Change, Relating to
Dated: November 29, 2018. spend an average of approximately 10 Amendments to Futures and Options
Brent J. Fields, hours per year reviewing its policies Risk Procedures (the ‘‘F&O Risk
Secretary. and procedures regarding material Procedures’’) 1
[FR Doc. 2018–26402 Filed 11–30–18; 11:15 am] nonpublic information and updating
BILLING CODE 8011–01–P them (if necessary), resulting in an November 28, 2018.
average industry-wide annual hour Pursuant to Section 19(b)(1) of the
burden of approximately 100 hours.3 Securities Exchange Act of 1934
SECURITIES AND EXCHANGE Written comments are invited on: (a) (‘‘Act’’),2 and Rule 19b–4 thereunder,3
COMMISSION Whether the proposed collection of notice is hereby given that on November
information is necessary for the proper 16, 2018, ICE Clear Europe Limited
Proposed Collection; Comment (‘‘ICE Clear Europe’’) filed with the
Request performance of the functions of the
Securities and Exchange Commission
Commission, including whether the
(‘‘Commission’’) the proposed rule
Upon Written Request, Copies Available information shall have practical utility;
changes described in Items I, II, and III
From: Securities and Exchange (b) the accuracy of the Commission’s below, which Items have been prepared
Commission, Office of FOIA Services, estimates of the burden of the proposed primarily by ICE Clear Europe. ICE Clear
100 F Street NE, Washington, DC collection of information; (c) ways to Europe filed the proposed rule changes
20549–2736 enhance the quality, utility, and clarity pursuant to Section 19(b)(3)(A) of the
Extension: of the information on respondents; and Act 4 and Rule 19b–4(f)(4)(ii)
Rule 17g–4, SEC File No. 270–566, OMB (d) ways to minimize the burden of the thereunder,5 so that the proposal was
Control No. 3235–0627 collection of information on immediately effective upon filing with
Notice is hereby given that pursuant respondents, including through the use the Commission. The Commission is
to the Paperwork Reduction Act of 1995 of automated collection techniques or publishing this notice to solicit
(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the other forms of information technology. comments on the proposed rule change
Securities and Exchange Commission Consideration will be given to from interested persons.
(‘‘Commission’’) is soliciting comments comments and suggestions submitted in
I. Clearing Agency’s Statement of the
on the existing collection of information writing within 60 days of this Terms of Substance of the Proposed
provided for in Rule 17g–4 (17 CFR publication. Rule Change
240.17g–4) under the Securities The Commission may not conduct or
Exchange Act of 1934 (15 U.S.C. 78a et sponsor a collection of information ICE Clear Europe proposes to make
seq.) (‘‘Exchange Act’’). The certain amendments to the F&O Risk
unless it displays a currently valid
Commission plans to submit this Procedures to enhance monitoring and
control number. No person shall be
existing collection of information to the addressing potential uncollateralized
subject to any penalty for failing to exposure to Clearing Members during
Office of Management and Budget
comply with a collection of information overnight hours.
(‘‘OMB’’) for extension and approval.
subject to the PRA that does not display
The Credit Rating Agency Reform Act II. Clearing Agency’s Statement of the
a valid OMB control number.
of 2006 added a new section 15E, Purpose of, and Statutory Basis for, the
‘‘Registration of Nationally Recognized Please direct your written comments
Proposed Rule Change
Statistical Rating Organizations,’’ 1 to to: Charles Riddle, Acting Chief
the Exchange Act. Pursuant to the Information Officer, Securities and In its filing with the Commission, ICE
authority granted under section 15E of Exchange Commission, c/o Candace Clear Europe included statements
the Exchange Act, the Commission Kenner, 100 F St NE, Washington, DC concerning the purpose of and basis for
adopted Rule 17g–4, which requires that 20549 or send an email to: PRA_ the proposed rule change and discussed
a nationally recognized statistical rating Mailbox@sec.gov. any comments it received on the
organization (‘‘NRSRO’’) establish, proposed rule change. The text of these
Dated: November 28, 2018. statements may be examined at the
maintain, and enforce written policies
Eduardo Aleman, places specified in Item IV below. ICE
and procedures to prevent the misuse of
material nonpublic information, Assistant Secretary. Clear Europe has prepared summaries,
including policies and procedures [FR Doc. 2018–26326 Filed 12–3–18; 8:45 am] set forth in sections (A), (B), and (C)
reasonably designed to prevent: (a) The BILLING CODE 8011–01–P below, of the most significant aspects of
inappropriate dissemination of material such statements.
nonpublic information obtained in
connection with the performance of 2 See
1 Capitalized terms used but not defined herein
17 CFR 240.17g–4; Release No. 34–55231 have the meanings specified in the ICE Clear
credit rating services; (b) a person
(Feb. 2, 2007), 72 FR 6378 (Feb. 9, 2007); Release Europe Clearing Rules (the ‘‘Rules’’).
within the NRSRO from trading on No. 34–55857 (June 5, 2007), 72 FR 33564 (June 18, 2 15 U.S.C. 78s(b)(1).
material nonpublic information; and (c) 2007). 3 17 CFR 240.19b–4.
3 10 currently registered NRSROs × 10 hours = 4 15 U.S.C. 78s(b)(3)(A).
1 15 U.S.C. 78o–7. 100 hours. 5 17 CFR 240.19b–4(f)(4)(ii).
VerDate Sep<11>2014 17:36 Dec 03, 2018 Jkt 247001 PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 E:\FR\FM\04DEN1.SGM 04DEN1](https://thefederalregister.org/doc/83_FR_62875/page/1.svg)
Document Created: 2018-12-04 00:42:40
Document Modified: 2018-12-04 00:42:40
| 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 62642 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR