Proposed Extension of Information Collection; Comment Request; Prohibited Transaction Class Exemption 75-1; Employee Benefit Plan Security Transactions With Broker-Dealers, Reporting Dealers and Banks, 69366-69367 [E9-30999]
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69366
Federal Register / Vol. 74, No. 250 / Thursday, December 31, 2009 / Notices
Dated: December 24, 2009.
Joseph S. Piacentini,
Director, Office of Policy and Research,
Employee Benefits Security Administration.
[FR Doc. E9–31000 Filed 12–30–09; 8:45 am]
DEPARTMENT OF LABOR
Employee Benefits Security
Administration
Proposed Extension of Information
Collection; Request for Public
Comment; Prohibited Transaction
Class Exemption 80–83; Employee
Benefit Plan Purchase of Securities
Benefiting Party in Interest Issuer
erowe on DSK5CLS3C1PROD with NOTICES
AGENCY: Employee Benefits Security
Administration, Department of Labor.
ACTION: Notice.
SUMMARY: The Department of Labor (the
Department), in accordance with the
Paperwork Reduction Act of 1995 (PRA)
(44 U.S.C. 3506(c)(2)(A)), provides the
general public and Federal agencies
with an opportunity to comment on
proposed and continuing collections of
information. This helps the Department
assess the impact of its information
collection requirements and minimize
the reporting burden on the public and
helps the public understand the
Department’s information collection
requirements and provide the requested
data in the desired format. Currently,
the Employee Benefits Security
Administration (EBSA) is soliciting
comments on the proposed extension of
the information collection provisions of
Prohibited Transaction Class Exemption
(PTE) 80–83. A copy of the information
collection request (ICR) may be obtained
by contacting the office listed in the
ADDRESSES section of this notice.
DATES: Written comments must be
submitted on or before March 1, 2010.
ADDRESSES: Direct all written comments
to Susan G. Lahne, Office of Policy and
Research, Employee Benefits Security
Administration, U.S. Department of
Labor, 200 Constitution Avenue, NW.,
Room N–5647, Washington, DC 20210.
Telephone: (202) 693–8410; Fax: (202)
219–4745. These are not toll-free
numbers. Comments may also be
submitted electronically to the
following Internet e-mail address:
ebsa.opr@dol.gov.
SUPPLEMENTARY INFORMATION:
I. Background
PTE 80–83 provides an exemption
from certain prohibited transaction
provisions of the Employment
Retirement Income Security Act of 1974
VerDate Nov<24>2008
15:06 Dec 30, 2009
Jkt 220001
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., by permitting electronic
submissions of responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR submitted to OMB;
they will also become a matter of public
record.
II. Current Actions
BILLING CODE 4510–29–P
(ERISA) and from certain taxes imposed
by the Internal Revenue Code of 1986
(Code) for transactions in which an
employee benefit plan purchases
securities when the proceeds from such
purchase may be used to reduce or retire
a debt owed by a party in interest with
respect to such plan, provided that
specified conditions are met. Among
other conditions, PTE 80–83 requires
that adequate records pertaining to an
exempted transaction be maintained for
six years. The Department has approval
from the Office of Management and
Budget (OMB) for this information
collection requirement under OMB
Control No. 1210–0064. This approval is
currently scheduled to expire on March
31, 2010.
Dated: December 24, 2009.
Joseph A. Piacentini,
Director, Office of Policy and Research,
Employee Benefits Security Administration.
[FR Doc. E9–31001 Filed 12–30–09; 8:45 am]
This notice requests public comment
pertaining to the Department’s request
for extension of OMB approval of the
information collection contained in PTE
80–83. After considering comments
received in response to this notice, the
Department intends to submit an ICR to
OMB for continuing approval of the
information collection contained in PTE
80–83. No change to the existing ICR is
proposed or made at this time. An
agency may not conduct or sponsor, and
a person is not required to respond to,
an information collection unless it
displays a valid OMB control number. A
summary of the ICR and the current
burden estimates follows:
Agency: Employee Benefits Security
Administration, Department of Labor.
Title: Prohibited Transaction Class
Exemption 80–83; Employee Benefit
Plan Purchase of Securities Benefiting
Party in Interest Issuer.
Type of Review: Extension of a
currently approved collection of
information.
OMB Number: 1210–0064.
Affected Public: Business or other forprofit; Not-for-profit institutions.
Respondents: 25.
Responses: 25.
Estimated Total Burden Hours: 2
hours.
III. Desired Focus of Comments
The Department of Labor
(Department) 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,
PO 00000
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Fmt 4703
Sfmt 4703
BILLING CODE 4510–29–P
DEPARTMENT OF LABOR
Employee Benefits Security
Administration
Proposed Extension of Information
Collection; Comment Request;
Prohibited Transaction Class
Exemption 75–1; Employee Benefit
Plan Security Transactions With
Broker-Dealers, Reporting Dealers and
Banks
AGENCY: Employee Benefits Security
Administration, Department of Labor.
ACTION: Notice.
SUMMARY: The Department of Labor (the
Department), in accordance with the
Paperwork Reduction Act of 1995 (PRA)
(44 U.S.C. 3506(c)(2)(A)), provides the
general public and Federal agencies
with an opportunity to comment on
proposed and continuing collections of
information. This program helps the
Department assess the impact of its
information collection requirements and
minimize the reporting burden on the
public and helps the public understand
the Department’s information collection
requirements and provide the requested
data in the desired format. Currently,
the Employee Benefits Security
Administration (EBSA) is soliciting
comments on a proposed extension of
the current approval of information
collection provisions incorporated in
the Prohibited Transaction Class
Exemption (PTE) 75–1, pertaining to
securities and other related transactions
with broker-dealers, reporting dealers
and banks. A copy of the information
E:\FR\FM\31DEN1.SGM
31DEN1
Federal Register / Vol. 74, No. 250 / Thursday, December 31, 2009 / Notices
collection request (ICR) can be obtained
by contacting the office shown in the
ADDRESSES section of this notice or at
https://www.RegInfo.gov.
DATES: Written comments must be
submitted to the office shown in the
ADDRESSES section on or before March 1,
2010.
ADDRESSES: Direct all written comments
to G. Christopher Cosby, Office of Policy
and Research, Employee Benefits
Security Administration, U.S.
Department of Labor, 200 Constitution
Avenue, NW., Room N–5647,
Washington, DC 20210. Telephone:
(202) 693–8410; Fax: (202) 219–4745.
These are not toll-free numbers.
Comments may also be submitted
electronically to the following Internet
e-mail address: ebsa.opr@dol.gov.
SUPPLEMENTARY INFORMATION:
I. Background
PTE 75–1 provides exemptions from
certain prohibited transaction
provisions of the Employment
Retirement Income Security Act of 1974
(ERISA), and the Internal Revenue Code
of 1986 (Code) for specified types of
transactions between employee benefit
plans and broker-dealers, reporting
dealers and banks relating to securities
purchases and sales, provided specified
conditions are met. The exempted
transactions include an employee
benefit plan’s purchase of securities
from broker-dealers’ inventories of
stocks, from underwriting syndicates in
which a plan fiduciary is a member,
from banks, from reporting dealers, and
from a market-maker even if a marketmaker is a plan fiduciary. The exempted
transactions also include, under certain
conditions, a plan’s accepting an
extension of credit from a broker-dealer
for the purpose of facilitating settlement
of a securities transaction. Among other
conditions, PTE 75–1 requires that a
party seeking to rely on the exemption
with respect to a transaction maintain
adequate records of the transaction for
a period of six years. The Department
has obtained approval from the Office of
Management and Budget (OMB) for this
information collection under OMB
Control No. 1210–0092. This approval is
currently scheduled to expire on April
30, 2010.
erowe on DSK5CLS3C1PROD with NOTICES
II. Current Actions
This notice requests public comment
pertaining to the Department’s request
for extension of OMB approval of the
information collection contained in PTE
75–1. After considering comments
received in response to this notice, the
Department intends to submit an ICR to
OMB for continuing approval of the
VerDate Nov<24>2008
15:06 Dec 30, 2009
Jkt 220001
information collection contained in PTE
75–1. No change to the existing ICR is
proposed or made at this time. An
agency may not conduct or sponsor, and
a person is not required to respond to,
an information collection unless it
displays a valid OMB control number. A
summary of the ICR and the current
burden estimates follows:
Agency: Employee Benefits Security
Administration, Department of Labor.
Title: Prohibited Transaction Class
Exemption 75–1; Employee Benefit Plan
Security Transactions with BrokerDealers, Reporting Dealers and Banks.
Type of Review: Extension of a
currently approved collection of
information.
OMB Number: 1210–0092.
Affected Public: Business or other forprofit; Not-for-profit institutions.
Respondents: 9,750.
Responses: 9,750.
Estimated Total Burden Hours: 1,625.
Estimate Total Burden Cost: $0.
III. Desired Focus of Comments
The Department 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., by permitting electronic
submissions of responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR submitted to OMB;
they will also become a matter of public
record.
Dated: December 24, 2009.
Joseph A. Piacentini,
Director, Office of Policy and Research,
Employee Benefits Security Administration.
[FR Doc. E9–30999 Filed 12–30–09; 8:45 am]
BILLING CODE 4510–29–P
PO 00000
Frm 00044
Fmt 4703
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69367
POSTAL REGULATORY COMMISSION
[Docket No. CP2009–29; Order No. 368]
Postal Product Price Changes
Postal Regulatory Commission.
Notice.
AGENCY:
ACTION:
SUMMARY: The Commission is noticing a
recently-filed Postal Service request to
change prices for a Global Direct
contract. This notice provides an
opportunity for the public to comment.
DATES: Comments are due: January 5,
2010.
ADDRESSES: Submit comments
electronically via the Commission’s
Filing Online system at https://
www.prc.gov. Commenters who cannot
submit their views electronically should
contact the person identified in ‘‘FOR
FURTHER INFORMATION CONTACT’’
by telephone for advice on alternatives
to electronic filing.
FOR FURTHER INFORMATION CONTACT:
Stephen L. Sharfman, General Counsel,
202–789–6820 or
stephen.sharfman@prc.gov.
On
December 18, 2009, the Postal Service
filed a notice that prices for the Global
Direct contract at issue in the abovecaptioned proceeding will change as
contemplated by the contract’s terms.1
The Notice includes three attachments:
(1) A redacted version of the letter to the
customer with the amended prices
(Attachment 1); (2) a certified statement
of compliance with 39 U.S.C. 3633(a)
(Attachment 2); and (3) an application
for non-public treatment for the material
filed under seal (Attachment 3).
In Order No. 216, the Commission
concluded that certain costs for these
types of contracts are based on
objective, external factors and out of the
Postal Service’s discretion.2 Such
objective, external factors are, in the
case of Global Direct, exchange rate
fluctuations and changes in the amount
Canada Post Corporation charges the
Postal Service for services. Id. at 7. For
rate changes based on these types of
objective, external factors, the
Commission allowed that the Postal
Service could file the changes on a
‘‘notice-type basis.’’ Id.
The Postal Service filed the Notice
because it plans on changing rates for
the Global Direct contract at issue in
this docket. It is unclear, however,
SUPPLEMENTARY INFORMATION:
1 Notice of United States Postal Service of Change
in Prices in Accordance with Order No. 216,
December 18, 2009 (Notice).
2 PRC Order No. 216, Order Concerning Filing of
Additional Global Direct Contracts Negotiated
Service Agreement, May 15, 2009 (Order No. 216).
E:\FR\FM\31DEN1.SGM
31DEN1
]]>Agencies
[Federal Register Volume 74, Number 250 (Thursday, December 31, 2009)]
[Notices]
[Pages 69366-69367]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-30999]
-----------------------------------------------------------------------
DEPARTMENT OF LABOR
Employee Benefits Security Administration
Proposed Extension of Information Collection; Comment Request;
Prohibited Transaction Class Exemption 75-1; Employee Benefit Plan
Security Transactions With Broker-Dealers, Reporting Dealers and Banks
AGENCY: Employee Benefits Security Administration, Department of Labor.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of Labor (the Department), in accordance with
the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 3506(c)(2)(A)),
provides the general public and Federal agencies with an opportunity to
comment on proposed and continuing collections of information. This
program helps the Department assess the impact of its information
collection requirements and minimize the reporting burden on the public
and helps the public understand the Department's information collection
requirements and provide the requested data in the desired format.
Currently, the Employee Benefits Security Administration (EBSA) is
soliciting comments on a proposed extension of the current approval of
information collection provisions incorporated in the Prohibited
Transaction Class Exemption (PTE) 75-1, pertaining to securities and
other related transactions with broker-dealers, reporting dealers and
banks. A copy of the information
[[Page 69367]]
collection request (ICR) can be obtained by contacting the office shown
in the ADDRESSES section of this notice or at https://www.RegInfo.gov.
DATES: Written comments must be submitted to the office shown in the
ADDRESSES section on or before March 1, 2010.
ADDRESSES: Direct all written comments to G. Christopher Cosby, Office
of Policy and Research, Employee Benefits Security Administration, U.S.
Department of Labor, 200 Constitution Avenue, NW., Room N-5647,
Washington, DC 20210. Telephone: (202) 693-8410; Fax: (202) 219-4745.
These are not toll-free numbers. Comments may also be submitted
electronically to the following Internet e-mail address:
ebsa.opr@dol.gov.
SUPPLEMENTARY INFORMATION:
I. Background
PTE 75-1 provides exemptions from certain prohibited transaction
provisions of the Employment Retirement Income Security Act of 1974
(ERISA), and the Internal Revenue Code of 1986 (Code) for specified
types of transactions between employee benefit plans and broker-
dealers, reporting dealers and banks relating to securities purchases
and sales, provided specified conditions are met. The exempted
transactions include an employee benefit plan's purchase of securities
from broker-dealers' inventories of stocks, from underwriting
syndicates in which a plan fiduciary is a member, from banks, from
reporting dealers, and from a market-maker even if a market-maker is a
plan fiduciary. The exempted transactions also include, under certain
conditions, a plan's accepting an extension of credit from a broker-
dealer for the purpose of facilitating settlement of a securities
transaction. Among other conditions, PTE 75-1 requires that a party
seeking to rely on the exemption with respect to a transaction maintain
adequate records of the transaction for a period of six years. The
Department has obtained approval from the Office of Management and
Budget (OMB) for this information collection under OMB Control No.
1210-0092. This approval is currently scheduled to expire on April 30,
2010.
II. Current Actions
This notice requests public comment pertaining to the Department's
request for extension of OMB approval of the information collection
contained in PTE 75-1. After considering comments received in response
to this notice, the Department intends to submit an ICR to OMB for
continuing approval of the information collection contained in PTE 75-
1. No change to the existing ICR is proposed or made at this time. An
agency may not conduct or sponsor, and a person is not required to
respond to, an information collection unless it displays a valid OMB
control number. A summary of the ICR and the current burden estimates
follows:
Agency: Employee Benefits Security Administration, Department of
Labor.
Title: Prohibited Transaction Class Exemption 75-1; Employee
Benefit Plan Security Transactions with Broker-Dealers, Reporting
Dealers and Banks.
Type of Review: Extension of a currently approved collection of
information.
OMB Number: 1210-0092.
Affected Public: Business or other for-profit; Not-for-profit
institutions.
Respondents: 9,750.
Responses: 9,750.
Estimated Total Burden Hours: 1,625.
Estimate Total Burden Cost: $0.
III. Desired Focus of Comments
The Department 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., by
permitting electronic submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR submitted to OMB; they will also become a
matter of public record.
Dated: December 24, 2009.
Joseph A. Piacentini,
Director, Office of Policy and Research, Employee Benefits Security
Administration.
[FR Doc. E9-30999 Filed 12-30-09; 8:45 am]
BILLING CODE 4510-29-P
