Proposed Collection; Comment Request, 50478-50479 [E6-14124]
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50478
Federal Register / Vol. 71, No. 165 / Friday, August 25, 2006 / Notices
Issued in Washington, DC, on this 23rd day
of August 2006.
Vincent K. Snowbarger,
Interim Director, Pension Benefit Guaranty
Corporation.
[FR Doc. E6–14210 Filed 8–24–06; 8:45 am]
BILLING CODE 7709–01–P
OFFICE OF PERSONNEL
MANAGEMENT
[Optional Form 306, OMB No. 3206–0182]
Submission for OMB Review;
Comment Request for Clearance of a
Reinstatement, With Change, of a
Previously Approved Collection for
Which Approval Has Expired;
Declaration for Federal Employment
Office of Personnel
Management.
ACTION: Notice.
Potter/Brenda Aguilar, OPM Desk
Officer, Office of Information and
Regulatory Affairs, Office of
Management Budget, New Executive
Office Building, Room 10035,
Washington, DC 20503.
For Information Regarding
Administrative Coordination—Contact:
Deborah A. Micsky, Operational
Policy Group, Federal Investigative
Services Division, U.S. Office of
Personnel Management, 1900 E Street,
NW., Room 5416, Washington, DC
20415.
Office of Personnel Management.
Dan G. Blair,
Deputy Director.
[FR Doc. E6–14098 Filed 8–24–06; 8:45 am]
BILLING CODE 6325–53–P
cprice-sewell on PROD1PC66 with NOTICES
AGENCY:
SECURITIES AND EXCHANGE
COMMISSION
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 a
request to the Office of Management and
Budget (OMB) for reinstatement of an
expired information collection with
change. The Optional Form (OF) 306,
Declaration for Federal Employment, is
completed by applicants who are under
consideration for Federal or Federal
contract employment.
The OF 306 requests that the
applicant provide personal identifying
data, including, for example, general
background information, information on
Selective Service registration, military
service and information concerning
retirement pay received or requested.
The change is to make needed
administrative updates and delete life
insurance questions.
It is estimated that 474,000
individuals will respond annually. Each
form takes approximately 15 minutes to
complete. The annual estimated burden
is 118,500 hours.
No comments were received on this
proposal.
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 for the date of this publication.
ADDRESSES: Send or deliver comments
to: Kathy Dillaman, Associate Director,
Federal Investigative Services Division,
U.S. Office of Personnel Management,
1900 E Street, NW., Room 5416,
Washington, DC 20415, and Rachel
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16:47 Aug 24, 2006
Jkt 208001
Proposed Collection; Comment
Request
Upon written request, copies available
from: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension:
Rule 17i–6, SEC File No. 270–532, OMB
Control No. 3235–0588.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of
1995 1 the Securities and Exchange
Commission (‘‘Commission’’) intends to
submit to the Office of Management and
Budget a request for extension of the
previously approved collections of
information discussed below. The Code
of Federal Regulation citation to this
collection of information is the
following rule: 17 CFR 240.17i–6.
Section 231 of the Gramm-LeachBliley Act of 1999 2 (the ‘‘GLBA’’)
amended Section 17 of the Securities
Exchange Act of 1934 to create a
regulatory framework under which a
holding company of a broker-dealer
(‘‘investment bank holding company’’ or
‘‘IBHC’’) may voluntarily be supervised
by the Commission as a supervised
investment bank holding company (or
‘‘SIBHC’’).3 In 2004, the Commission
promulgated rules, including Rule 17i–
6, to create a framework for the
Commission to supervise SIBHCs.4 This
framework includes qualification
criteria for SIBHCs, as well as
1 44
U.S.C. 3501 et seq.
L. 106–102, 113 Stat. 1338 (1999).
3 See 15 U.S.C. 78q(i).
4 See Exchange Act Release No. 49831 (Jun. 8,
2004), 69 FR 34472 (Jun. 21, 2004).
2 Pub.
PO 00000
Frm 00096
Fmt 4703
Sfmt 4703
recordkeeping and reporting
requirements. Among other things, this
regulatory framework for SIBHCs is
intended to provide a basis for non-U.S.
financial regulators to treat the
Commission as the principal U.S.
consolidated, home-country supervisor
for SIBHCs and their affiliated brokerdealers.5
Pursuant to Section 17(i)(3)(A) of the
Exchange Act, an SIBHC must make and
keep records, furnish copies thereof,
and make such reports as the
Commission may require by rule.6 Rule
17i–6 requires that an SIBHC file with
the Commission certain monthly and
quarterly reports and an annual audit
report. The reports and notices required
to be filed pursuant to Rule 17i–6 must
be preserved for a period of not less
than three years.7
The collections of information
required by Rule 17i–6 are necessary to
allow the Commission adequately to
supervise the activities of these SIBHCs
and to effectively determine whether
supervision of an IBHC as an SIBHC is
necessary or appropriate in furtherance
of the purposes of section 17 of the Act.
Rule 17i–6s also enhances the
Commission’s supervision of an
SIBHCs’ subsidiary broker-dealers
through collection of additional
information and inspections of affiliates
of those broker-dealers. Without these
reports, the Commission would be
unable to adequately supervise an
SIBHC, nor would it be able to
determine whether continued
supervision of an IBHC as an SIBHC
were necessary and appropriate in
furtherance of the purposes of section
17 of the Act.
We estimate that three IBHCs will file
Notices of Intention with the
Commission to be supervised by the
Commission as SIBHCs. An SIBHC will
require about eight hours each month to
prepare and file the monthly reports
required by this rule (or approximately
96 hours per year).8 On average, it will
take an SIBHC about 16 hours each
quarter (or 64 hours each year) 9 to
prepare and file the quarterly reports
required by this rule. An SIBHC will
require about 200 hours to prepare and
file the annual audit reports required by
this rule. Consequently, the total annual
5 See—H.R. Conf. Rep. No. 106–434, 165 (1999).
See also—Exchange Act Release No. 49831, at 6
(Jun. 8, 2004), 69 FR 34472, at 34473 (Jun. 21,
2004).
6 15 U.S.C. 78q(i)(3)(A).
7 17 CFR 240.17i–5(b)(3).
8 (8 hours × 12 months in a year) = 96 hours/year.
9 (16 hours × 4 quarters in a year) = 64 hours/year.
E:\FR\FM\25AUN1.SGM
25AUN1
Federal Register / Vol. 71, No. 165 / Friday, August 25, 2006 / Notices
burden of Rule 17i–6 on all SIBHCs is
approximately 1,080 hours.10
SECURITIES AND EXCHANGE
COMMISSION
We believe that an IBHC likely will
upgrade its information technology
(‘‘IT’’) systems in order to more
efficiently comply with certain of the
SIBHC framework rules (including
Rules 17i–4, 17i–5, 17i–6 and 17i–7),
and that this would be a one-time cost.
Depending on the state of development
of the IBHC’s IT systems, it would cost
an IBHC between $1 million and $10
million to upgrade its IT systems to
comply with the SIBHC framework of
rules. Thus, on average, it would cost
each of the three IBHCs about $5.5
million to upgrade their IT systems, or
approximately $16.5 million in total. It
is impossible to determine what
percentage of the IT systems costs
would be attributable to each Rule, so
we allocated the total estimated upgrade
costs equally (at 25% for each of the
above-mentioned Rules), with
$4,125,000 attributable to Rule 17i–6.
Written comments are invited on: (a)
Whether the collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information will have
practical utility; (b) the accuracy of the
agency’s estimate of the burden of the
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information collected; 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.
Comments should be directed to: R.
Corey Booth, Director/Chief Information
Officer, Securities and Exchange
Commission, C/O Shirley Martinson,
6432 General Green Way, Alexandria,
Virginia 22312 or send an e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted within 60 days of this
notice.
Proposed Collection; Comment
Request
Dated: August 14, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6–14124 Filed 8–24–06; 8:45 am]
BILLING CODE 8010–01–P
Upon written request, copies available
from: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension:
Rule 17i–8, SEC File No. 270–533, OMB
Control No. 3235–0591.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of
1995 1 the Securities and Exchange
Commission (‘‘Commission’’) intends to
submit to the Office of Management and
Budget a request for extension of the
previously approved collection of
information discussed below. The Code
of Federal Regulation citation to this
collection of information is the
following rule: 17 CFR 240.17i–8.
Section 231 of the Gramm-LeachBliley Act of 1999 2 (the ‘‘GLBA’’)
amended Section 17 of the Securities
Exchange Act of 1934 to create a
regulatory framework under which a
holding company of a broker-dealer
(‘‘investment bank holding company’’ or
‘‘IBHC’’) may voluntarily be supervised
by the Commission as a supervised
investment bank holding company (or
‘‘SIBHC’’).3 In 2004, the Commission
promulgated rules, including Rule 17i–
8, to create a framework for the
Commission to supervise SIBHCs.4 This
framework includes qualification
criteria for SIBHCs, as well as
recordkeeping and reporting
requirements. Among other things, this
regulatory framework for SIBHCs is
intended to provide a basis for non-U.S.
financial regulators to treat the
Commission as the principal U.S.
consolidated, home-country supervisor
for SIBHCs and their affiliated brokerdealers.5
Pursuant to Section 17(i)(3)(A) of the
Exchange Act, an SIBHC must make and
keep records, furnish copies thereof,
and make such reports as the
Commission may require by rule.6 Rule
17i–8 requires that an SIBHC to notify
the Commission upon the occurrence of
certain events that would indicate a
decline in the financial and operational
well-being of the firm. The notices
cprice-sewell on PROD1PC66 with NOTICES
1 44
U.S.C. 3501 et seq.
L. No. 106–102, 113 Stat. 1338 (1999).
3 See 15 U.S.C. 78q(i).
4 See Exchange Act Release No. 49831 (Jun. 8,
2004), 69 FR 34472 (Jun. 21, 2004).
5 See H.R. Conf. Rep. No. 106–434, 165 (1999).
See also Exchange Act Release No. 49831, at 6 (Jun.
8, 2004), 69 FR 34472, at 34473 (Jun. 21, 2004).
6 15 U.S.C. 78q(i)(3)(A).
2 Pub.
10 (96 hours per year to prepare and file monthly
reports + 64 hours each year to prepare and file
quarterly reports + 200 hours each year to prepare
and file annual audit reports) × 3 SIBHCs = 1,080
hours.
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16:47 Aug 24, 2006
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PO 00000
Frm 00097
Fmt 4703
Sfmt 4703
50479
required to be filed pursuant to Rule
17i–8 must be preserved for a period of
not less than three years.7
The collections of information
included in Rule 17i–8 are necessary to
allow the Commission to effectively
determine whether supervision of an
IBHC as an SIBHC is necessary or
appropriate in furtherance of the
purposes of section 17 of the Act and
allow the Commission to supervise the
activities of these SIBHCs. Rule 17i–8
also enhances the Commission’s
supervision of the SIBHCs’ subsidiary
broker-dealers through collection of
additional information and inspections
of affiliates of those broker-dealers.
Without these notices, the Commission
would be unable to adequately
supervise an SIBHC, nor would it be
able to determine whether continued
supervision of an IBHC as an SIBHC
were necessary and appropriate in
furtherance of the purposes of section
17 of the Act.
We estimate that three IBHCs will file
Notices of Intention with the
Commission to be supervised by the
Commission as SIBHCs. An SIBHC will
require about one hour to create a notice
required to be submitted to the
Commission pursuant to Rule 17i–8.
However, as these notices only need be
filed in certain situations indicative of
financial or operational difficulty, only
one SIBHC may be required to file
notice pursuant to the Rule every other
year. Thus, we estimate that the annual
burden of Rule 17i–8 for all SIBHCs
would be about 30 minutes.
Written comments are invited on: (a)
Whether the collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information will have
practical utility; (b) the accuracy of the
agency’s estimate of the burden of the
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information collected; 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.
Comments should be directed to: R.
Corey Booth, Director/Chief Information
Officer, Securities and Exchange
Commission, C/O Shirley Martinson,
6432 General Green Way, Alexandria,
Virginia 22312 or send an e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted within 60 days of this
notice.
7 17
E:\FR\FM\25AUN1.SGM
CFR 240.17i-5(b)(4).
25AUN1
]]>Agencies
[Federal Register Volume 71, Number 165 (Friday, August 25, 2006)]
[Notices]
[Pages 50478-50479]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-14124]
=======================================================================
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon written request, copies available from: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549.
Extension:
Rule 17i-6, SEC File No. 270-532, OMB Control No. 3235-0588.
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 \1\ the Securities and Exchange Commission (``Commission'')
intends to submit to the Office of Management and Budget a request for
extension of the previously approved collections of information
discussed below. The Code of Federal Regulation citation to this
collection of information is the following rule: 17 CFR 240.17i-6.
---------------------------------------------------------------------------
\1\ 44 U.S.C. 3501 et seq.
---------------------------------------------------------------------------
Section 231 of the Gramm-Leach-Bliley Act of 1999 \2\ (the
``GLBA'') amended Section 17 of the Securities Exchange Act of 1934 to
create a regulatory framework under which a holding company of a
broker-dealer (``investment bank holding company'' or ``IBHC'') may
voluntarily be supervised by the Commission as a supervised investment
bank holding company (or ``SIBHC'').\3\ In 2004, the Commission
promulgated rules, including Rule 17i-6, to create a framework for the
Commission to supervise SIBHCs.\4\ This framework includes
qualification criteria for SIBHCs, as well as recordkeeping and
reporting requirements. Among other things, this regulatory framework
for SIBHCs is intended to provide a basis for non-U.S. financial
regulators to treat the Commission as the principal U.S. consolidated,
home-country supervisor for SIBHCs and their affiliated broker-
dealers.\5\
---------------------------------------------------------------------------
\2\ Pub. L. 106-102, 113 Stat. 1338 (1999).
\3\ See 15 U.S.C. 78q(i).
\4\ See Exchange Act Release No. 49831 (Jun. 8, 2004), 69 FR
34472 (Jun. 21, 2004).
\5\ See--H.R. Conf. Rep. No. 106-434, 165 (1999). See also--
Exchange Act Release No. 49831, at 6 (Jun. 8, 2004), 69 FR 34472, at
34473 (Jun. 21, 2004).
---------------------------------------------------------------------------
Pursuant to Section 17(i)(3)(A) of the Exchange Act, an SIBHC must
make and keep records, furnish copies thereof, and make such reports as
the Commission may require by rule.\6\ Rule 17i-6 requires that an
SIBHC file with the Commission certain monthly and quarterly reports
and an annual audit report. The reports and notices required to be
filed pursuant to Rule 17i-6 must be preserved for a period of not less
than three years.\7\
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78q(i)(3)(A).
\7\ 17 CFR 240.17i-5(b)(3).
---------------------------------------------------------------------------
The collections of information required by Rule 17i-6 are necessary
to allow the Commission adequately to supervise the activities of these
SIBHCs and to effectively determine whether supervision of an IBHC as
an SIBHC is necessary or appropriate in furtherance of the purposes of
section 17 of the Act. Rule 17i-6s also enhances the Commission's
supervision of an SIBHCs' subsidiary broker-dealers through collection
of additional information and inspections of affiliates of those
broker-dealers. Without these reports, the Commission would be unable
to adequately supervise an SIBHC, nor would it be able to determine
whether continued supervision of an IBHC as an SIBHC were necessary and
appropriate in furtherance of the purposes of section 17 of the Act.
We estimate that three IBHCs will file Notices of Intention with
the Commission to be supervised by the Commission as SIBHCs. An SIBHC
will require about eight hours each month to prepare and file the
monthly reports required by this rule (or approximately 96 hours per
year).\8\ On average, it will take an SIBHC about 16 hours each quarter
(or 64 hours each year) \9\ to prepare and file the quarterly reports
required by this rule. An SIBHC will require about 200 hours to prepare
and file the annual audit reports required by this rule. Consequently,
the total annual
[[Page 50479]]
burden of Rule 17i-6 on all SIBHCs is approximately 1,080 hours.\10\
---------------------------------------------------------------------------
\8\ (8 hours x 12 months in a year) = 96 hours/year.
\9\ (16 hours x 4 quarters in a year) = 64 hours/year.
\10\ (96 hours per year to prepare and file monthly reports + 64
hours each year to prepare and file quarterly reports + 200 hours
each year to prepare and file annual audit reports) x 3 SIBHCs =
1,080 hours.
We believe that an IBHC likely will upgrade its information
technology (``IT'') systems in order to more efficiently comply with
certain of the SIBHC framework rules (including Rules 17i-4, 17i-5,
17i-6 and 17i-7), and that this would be a one-time cost. Depending on
the state of development of the IBHC's IT systems, it would cost an
IBHC between $1 million and $10 million to upgrade its IT systems to
comply with the SIBHC framework of rules. Thus, on average, it would
cost each of the three IBHCs about $5.5 million to upgrade their IT
systems, or approximately $16.5 million in total. It is impossible to
determine what percentage of the IT systems costs would be attributable
to each Rule, so we allocated the total estimated upgrade costs equally
(at 25% for each of the above-mentioned Rules), with $4,125,000
attributable to Rule 17i-6.
Written comments are invited on: (a) Whether the collection of
information is necessary for the proper performance of the functions of
the agency, including whether the information will have practical
utility; (b) the accuracy of the agency's estimate of the burden of the
collection of information; (c) ways to enhance the quality, utility,
and clarity of the information collected; 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.
Comments should be directed to: R. Corey Booth, Director/Chief
Information Officer, Securities and Exchange Commission, C/O Shirley
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or send
an e-mail to: PRA--Mailbox@sec.gov. Comments must be submitted within
60 days of this notice.
Dated: August 14, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-14124 Filed 8-24-06; 8:45 am]
BILLING CODE 8010-01-P
