Submission for OMB Review; Comment Request, 65550 [E6-18795]
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Federal Register / Vol. 71, No. 216 / Wednesday, November 8, 2006 / Notices
preserved for a period of not less than
three years.9 The collection of
information is mandatory and the
information required to be provided to
the Commission pursuant to this Rule is
deemed confidential pursuant to
Section 17(j) of the Exchange Act and
Section 552(b)(3)(B) of the Freedom of
Information Act,10 notwithstanding any
other provision of law. In addition,
paragraph 17i–6(h) specifies that all
reports and statements filed by an
SIBHC in accordance with Rule 17i–6
shall be accorded confidential
treatment.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid
control number.
Comments should be directed to:
(i) The 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 e-mail to:
David_Rostker@omb.eop.gov; and (ii) R.
Corey Booth, Director/Chief Information
Officer, Securities and Exchange
Commission, c/o Shirley Martinson,
6432 General Green Way, Alexandria,
VA 22312 or send an e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted to OMB within 30 days of
this notice.
October 23, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6–18794 Filed 11–7–06; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon written request, copies available
from: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
cprice-sewell on PRODPC62 with NOTICES
Extension:
Rule 17i–3; SEC File No. 270–529; OMB
Control No. 3235–0593.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) the Securities
and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
9 17
CFR 240.17i–5(b)(3).
10 5 U.S.C. 552(b)(3)(B).
VerDate Aug<31>2005
15:11 Nov 07, 2006
Jkt 211001
approved collection of information
discussed below. The Code of Federal
Regulation citation to this collection of
information is the following rule:
Section 231 of the Gramm-LeachBliley Act of 1999 1 (the ‘‘GLBA’’)
amended Section 17 of the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.) (the ‘‘Exchange Act’’) 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’’).2 In 2004, the Commission
promulgated rules, including Rule 17i–
3, (17 CFR 240.17i–3.) to create a
framework for the Commission to
supervise SIBHCs.3 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.4
Rule 17i–3 permits an SIBHC to
withdraw from Commission supervision
by filing a notice of withdrawal with the
Commission. The Rule requires that an
SIBHC include in its notice of
withdrawal a statement that it is in
compliance with Rule 17i–2(c)
regarding amendments to its Notice of
Intention to help to assure that the
Commission has updated information
when considering the SIBHC’s
withdrawal request.
The collection of information required
by Rule 17i–3 is necessary to enable the
Commission to evaluate whether it is
necessary and appropriate in the
furtherance of Section 17 of the
Exchange Act for the Commission to
allow an SIBHC to withdraw from
supervision. Without this information,
the Commission would be unable to
make this evaluation.
We estimate, for Paperwork Reduction
Act purposes only, that one SIBHC may
wish to withdraw from Commission
supervision as an SIBHC over a ten-year
period. Each SIBHC that withdraws
from Commission supervision as an
SIBHC will require approximately 24
hours to draft a withdrawal notice and
submit it to the Commission. An SIBHC
likely would have an attorney perform
1 Pub.
L. 106–102, 113 Stat. 1338 (1999).
15 U.S.C. 78q(i).
3 See Exchange Act Release No. 49831 (Jun. 8,
2004), 69 FR 34472 (Jun. 21, 2004).
4 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).
2 See
PO 00000
Frm 00100
Fmt 4703
Sfmt 4703
this task. Further, an SIBHC likely will
have a senior attorney or executive
officer review the notice of withdrawal
before submitting it to the Commission,
which will take approximately eight
hours. Thus, we estimate that the
annual, aggregate burden of
withdrawing from Commission
supervision as an SIBHC will be
approximately 3.2 hours each year.5
The collection of information is
mandatory and the information required
to be provided to the Commission
pursuant to this Rule is deemed
confidential pursuant to section 17(j) of
the Exchange Act and Section
552(b)(3)(B) of the Freedom of
Information Act,6 notwithstanding any
other provision of law.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid
control number.
Comments should be directed to: (i)
The 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
send an e-mail to
David_Rostker@omb.eop.gov; and (ii) R.
Corey Booth, Director/Chief Information
Officer, Securities and Exchange
Commission, c/o Shirley Martinson,
6432 General Green Way, Alexandria,
VA 22312 or send an e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted to OMB within 30 days of
this notice.
October 23, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6–18795 Filed 11–7–06; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon written request, copies available
from: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension:
Rule 17i–5; SEC File No. 270–531; OMB
Control No. 3235–0590.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) the Securities
5 (1 SIBHC/every 10 years) × (24 hours to draft +
8 hours to review) = 3.2 hours.
6 5 U.S.C. 552(b)(3)(B).
E:\FR\FM\08NON1.SGM
08NON1
]]>Agencies
[Federal Register Volume 71, Number 216 (Wednesday, November 8, 2006)]
[Notices]
[Page 65550]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-18795]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon written request, copies available from: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549.
Extension:
Rule 17i-3; SEC File No. 270-529; OMB Control No. 3235-0593.
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.) the Securities and Exchange Commission
(``Commission'') has submitted 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:
Section 231 of the Gramm-Leach-Bliley Act of 1999 \1\ (the
``GLBA'') amended Section 17 of the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.) (the ``Exchange Act'') 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'').\2\ In 2004, the Commission promulgated rules,
including Rule 17i-3, (17 CFR 240.17i-3.) to create a framework for the
Commission to supervise SIBHCs.\3\ 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.\4\
---------------------------------------------------------------------------
\1\ Pub. L. 106-102, 113 Stat. 1338 (1999).
\2\ See 15 U.S.C. 78q(i).
\3\ See Exchange Act Release No. 49831 (Jun. 8, 2004), 69 FR
34472 (Jun. 21, 2004).
\4\ 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).
---------------------------------------------------------------------------
Rule 17i-3 permits an SIBHC to withdraw from Commission supervision
by filing a notice of withdrawal with the Commission. The Rule requires
that an SIBHC include in its notice of withdrawal a statement that it
is in compliance with Rule 17i-2(c) regarding amendments to its Notice
of Intention to help to assure that the Commission has updated
information when considering the SIBHC's withdrawal request.
The collection of information required by Rule 17i-3 is necessary
to enable the Commission to evaluate whether it is necessary and
appropriate in the furtherance of Section 17 of the Exchange Act for
the Commission to allow an SIBHC to withdraw from supervision. Without
this information, the Commission would be unable to make this
evaluation.
We estimate, for Paperwork Reduction Act purposes only, that one
SIBHC may wish to withdraw from Commission supervision as an SIBHC over
a ten-year period. Each SIBHC that withdraws from Commission
supervision as an SIBHC will require approximately 24 hours to draft a
withdrawal notice and submit it to the Commission. An SIBHC likely
would have an attorney perform this task. Further, an SIBHC likely will
have a senior attorney or executive officer review the notice of
withdrawal before submitting it to the Commission, which will take
approximately eight hours. Thus, we estimate that the annual, aggregate
burden of withdrawing from Commission supervision as an SIBHC will be
approximately 3.2 hours each year.\5\
---------------------------------------------------------------------------
\5\ (1 SIBHC/every 10 years) x (24 hours to draft + 8 hours to
review) = 3.2 hours.
---------------------------------------------------------------------------
The collection of information is mandatory and the information
required to be provided to the Commission pursuant to this Rule is
deemed confidential pursuant to section 17(j) of the Exchange Act and
Section 552(b)(3)(B) of the Freedom of Information Act,\6\
notwithstanding any other provision of law.
---------------------------------------------------------------------------
\6\ 5 U.S.C. 552(b)(3)(B).
---------------------------------------------------------------------------
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid control number.
Comments should be directed to: (i) The 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 send an e-mail to
David--Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief
Information Officer, Securities and Exchange Commission, c/o Shirley
Martinson, 6432 General Green Way, Alexandria, VA 22312 or send an e-
mail to: PRA--Mailbox@sec.gov. Comments must be submitted to OMB within
30 days of this notice.
October 23, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-18795 Filed 11-7-06; 8:45 am]
BILLING CODE 8011-01-P
