Submission for OMB Review; Comment Request for Review of A Revised Collection: RI 20-64, RI 20-64A, and RI 20-64B, 14736 [05-5748]
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14736
Federal Register / Vol. 70, No. 55 / Wednesday, March 23, 2005 / Notices
NW., Room 10235, Washington, DC
20503.
OFFICE OF PERSONNEL
MANAGEMENT
Submission for OMB Review;
Comment Request for Review of A
Revised Collection: RI 20–64, RI 20–
64A, and RI 20–64B
Office of Personnel
Management.
ACTION: Notice.
AGENCY:
SUMMARY: In accordance with the
Paperwork Reduction Act of 1995 (Pub.
L. 104–13, May 22, 1995), this notice
announces that the Office of Personnel
Management (OPM) has submitted to
the Office of Management and Budget a
request for review of a revised
information collection. RI 20–64, Letter
Reply to Request for Information, is
used by the Civil Service Retirement
System to provide information about the
amount of annuity payable after a
survivor reduction, to explain the
annuity reductions required to pay for
the survivor benefit, and to give the
beginning rate of survivor annuity. RI
20–64A, Former Spouse Survivor
Annuity Election, is used by the Civil
Service Retirement System to obtain a
survivor benefits election from
annuitants who are eligible to elect to
provide survivor benefits for a former
spouse. RI 20–64B, Information on
Electing a Survivor Annuity for Your
Former Spouse, is a pamphlet that
provides important information to
retirees under the Civil Service
Retirement System who want to provide
a survivor annuity for a former spouse.
We estimate that 30 survivor elections
on RI 20–64A will be processed per year
and that of these eight will use RI 20–
64 to ask for information about electing
a smaller survivor benefit. Form RI 20–
64A requires 45 minutes to complete for
a burden of 23 hours. Form RI 20–64
requires eight minutes to complete for a
burden of one hour. The total burden is
24 hours.
For copies of this proposal, contact
Mary Beth Smith-Toomey on (202) 606–
8358, FAX (202) 418–3251 or via E-mail
to mbtoomey@opm.gov. Please include a
mailing address with your request.
DATES: Comments on this proposal
should be received within 30 calendar
days from the date of this publication.
ADDRESSES: Send or deliver comments
to—Pamela S. Israel, Chief, Operations
Support Group, Retirement Services
Program, U.S. Office of Personnel
Management, 1900 E Street, NW., Room
3349, Washington, DC 20415–3540; and
Joseph F. Lackey, OPM Desk Officer,
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
VerDate jul<14>2003
16:27 Mar 22, 2005
Jkt 205001
FOR INFORMATION REGARDING
ADMINISTRATIVE COORDINATION CONTACT:
Cyrus S. Benson, Team Leader,
Publications Team, Administrative
Services Branch, (202) 606–0623.
U.S. Office of Personnel Management.
Dan G. Blair,
Acting Director.
[FR Doc. 05–5748 Filed 3–22–05; 8:45 am]
BILLING CODE 6325–38–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–51385; File No. SR–FICC–
2004–14]
Self-Regulatory Organizations; Fixed
Income Clearing Corporation; Order
Approving a Proposed Rule Change
Relating to Membership Requirements
March 16, 2005.
On July 14, 2004, the Fixed Income
Clearing Corporation (‘‘FICC’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’) a
proposed rule change pursuant to
section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’).1 On July
15, July 30, August 20, and November
10, 2004, FICC filed amendments 1, 2,
3, and 4 respectively. On January 3,
2005, FICC filed amendment 5 and
withdrew amendments 1, 2, 3, and 4.
Notice of the proposal was published in
the Federal Register on January 18,
2005.2 The Commission received three
comment letters.3 For the reasons
discussed below, the Commission is
approving the proposed rule change.
I. Description
Under the rule change, FICC will
amend the rules of its Government
Securities Division (‘‘GSD’’) and
Mortgage-Backed Securities Division
(‘‘MBSD’’) regarding membership
requirements for non-U.S. applicants
and members.
A. Annual Audited Financial
Statements
Prior to the rule change, GSD required
non-U.S. members and applicants to
submit financial statements prepared in
U.S.C. 78s(b)(1).
Exchange Act Release No. 51018 (Jan.
11, 2005), 70 FR 2911.
3 Letters from Kevin M. Brandt, Director, III
Global Ltd., III Finance Ltd., and III Relative Value/
Macro Hub Fund Ltd. (Oct. 25, 2004) and Lawrence
R. Uhlick, Executive Director and General Counsel,
Institute of International Bankers (Oct. 26, 2004,
and Feb. 9, 2005). See also Memorandum to File re:
Meeting with Institute of International Bankers
(Mar. 15, 2005).
PO 00000
1 15
2 Securities
Frm 00102
Fmt 4703
Sfmt 4703
accordance with U.S. generally accepted
accounting principles (‘‘U.S. GAAP’’)
‘‘whenever necessary and feasible.’’
MBSD required non-U.S. members and
applicants to submit financial
statements prepared in accordance with
U.S. GAAP. Both divisions review such
financial statements as part of their
credit risk management program.
FICC is amending these requirements
uniformly across both divisions to
enable non-U.S. members and
applicants to submit financial
statements that are prepared according
to any other generally accepted
accounting methodology (‘‘non-U.S.
GAAP’’). Specifically, FICC will
increase the existing minimum financial
requirements of each applicant and
member based on the type of non-U.S.
GAAP that was used to prepare the
audited financial statement in the
following manner:
1. For applicants and members whose
financial statements are prepared in
accordance with International Financial
Reporting Standards (‘‘IFRS’’), the
Companies Act of 1985 (‘‘U.K. GAAP’’),
or Canadian GAAP, the minimum
financial requirements will be one and
one-half times the applicable
requirements.
2. For applicants and members whole
financial statements are prepared in
accordance with a European Union
country GAAP (‘‘EU GAAP’’) other than
U.K. GAAP, the minimum financial
requirements will be five times the
applicable requirements.
3. For applicants and members whose
financial statements are prepared in
accordance with any other type of
GAAP, the minimum financial
requirements will be seven times the
applicable requirements.
For example, under GSD’s rules, the
minimum financial requirement for a
bank netting member is equity capital of
US$100 million. This will continue to
be the requirement for all such members
(both U.S. and non-U.S. members)
whose financial statements are prepared
in accordance with U.S. GAAP.
However, if such a member’s financial
statements were prepared in accordance
with IFRS, U.K. GAAP, or Canadian
GAAP, the member’s minimum
financial requirement would be US$150
million. If such a member’s financial
statements were prepared in accordance
with an EU country GAAP other than
U.K. GAAP, the member’s minimum
financial requirement would be US$500
million. If a member’s financial
statements were prepared in accordance
with any other type of GAAP, the
member’s minimum financial
requirement would be US$700 million.
E:\FR\FM\23MRN1.SGM
23MRN1
]]>Agencies
[Federal Register Volume 70, Number 55 (Wednesday, March 23, 2005)]
[Notices]
[Page 14736]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-5748]
[[Page 14736]]
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OFFICE OF PERSONNEL MANAGEMENT
Submission for OMB Review; Comment Request for Review of A
Revised Collection: RI 20-64, RI 20-64A, and RI 20-64B
AGENCY: Office of Personnel Management.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (Pub.
L. 104-13, May 22, 1995), this notice announces that the Office of
Personnel Management (OPM) has submitted to the Office of Management
and Budget a request for review of a revised information collection. RI
20-64, Letter Reply to Request for Information, is used by the Civil
Service Retirement System to provide information about the amount of
annuity payable after a survivor reduction, to explain the annuity
reductions required to pay for the survivor benefit, and to give the
beginning rate of survivor annuity. RI 20-64A, Former Spouse Survivor
Annuity Election, is used by the Civil Service Retirement System to
obtain a survivor benefits election from annuitants who are eligible to
elect to provide survivor benefits for a former spouse. RI 20-64B,
Information on Electing a Survivor Annuity for Your Former Spouse, is a
pamphlet that provides important information to retirees under the
Civil Service Retirement System who want to provide a survivor annuity
for a former spouse.
We estimate that 30 survivor elections on RI 20-64A will be
processed per year and that of these eight will use RI 20-64 to ask for
information about electing a smaller survivor benefit. Form RI 20-64A
requires 45 minutes to complete for a burden of 23 hours. Form RI 20-64
requires eight minutes to complete for a burden of one hour. The total
burden is 24 hours.
For copies of this proposal, contact Mary Beth Smith-Toomey on
(202) 606-8358, FAX (202) 418-3251 or via E-mail to mbtoomey@opm.gov.
Please include a mailing address with your request.
DATES: Comments on this proposal should be received within 30 calendar
days from the date of this publication.
ADDRESSES: Send or deliver comments to--Pamela S. Israel, Chief,
Operations Support Group, Retirement Services Program, U.S. Office of
Personnel Management, 1900 E Street, NW., Room 3349, Washington, DC
20415-3540; and Joseph F. Lackey, OPM Desk Officer, Office of
Information and Regulatory Affairs, Office of Management and Budget,
New Executive Office Building, NW., Room 10235, Washington, DC 20503.
FOR INFORMATION REGARDING ADMINISTRATIVE COORDINATION CONTACT: Cyrus S.
Benson, Team Leader, Publications Team, Administrative Services Branch,
(202) 606-0623.
U.S. Office of Personnel Management.
Dan G. Blair,
Acting Director.
[FR Doc. 05-5748 Filed 3-22-05; 8:45 am]
BILLING CODE 6325-38-P
