Proposed Extension of Information Collection; Comment Request; Prohibited Transaction Class Exemption 94-20, Foreign Exchange Transactions, 17990-17991 [E9-8949]

Download as PDF 17990 Federal Register / Vol. 74, No. 74 / Monday, April 20, 2009 / Notices 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 submission of responses. III. Current Action This notice requests comments on the proposed extension of the ICR included in PTE 90–1. The Department is not proposing or implementing changes to the existing ICR at this time. The following summarizes the ICR and the current burden estimates: Type of Review: Extension of a currently approved collection of information. Agency: Employee Benefits Security Administration, Department of Labor. Title: PTE 90–1—Pooled Separate Accounts. OMB Number: 1210–0083. Affected Public: Individuals or households; Business or other for-profit; Not-for-profit institutions. Respondents: 70. Frequency of Response: On occasion. Responses: 70. Estimated Total Burden Hours: 120. Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval of the information collection request; they will also become a matter of public record. Dated: April 13, 2009. Joseph S. Piacentini, Director, Office of Policy and Research, Employee Benefits Security Administration. [FR Doc. E9–8905 Filed 4–17–09; 8:45 am] BILLING CODE 4510–29–P DEPARTMENT OF LABOR Employee Benefits Security Administration Proposed Extension of Information Collection; Comment Request; Prohibited Transaction Class Exemption 94–20, Foreign Exchange Transactions rmajette on PRODPC74 with NOTICES AGENCY: Employee Benefit Security Administration. ACTION: Notice. SUMMARY: The Department of Labor, as part of its continuing effort to reduce paperwork and respondent burden, conducts a preclearance consultation program to provide the general public and Federal agencies with an opportunity to comment on proposed and continuing collections of information in accordance with the VerDate Nov<24>2008 15:02 Apr 17, 2009 Jkt 217001 Paperwork Reduction Act of 1995 (PRA 95). This program helps to ensure that the Department can properly assess the impact of its information collection requirements on respondents and minimize the reporting burden (time and financial resources) on the public and that the public can understand the Department’s collection instruments 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) 94– 20, Foreign Exchange Transactions. 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 to the office shown in the ADDRESSES section below on or before June 19, 2009. 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–5718, Washington, DC 20210, (202) 693–8410, FAX (202) 219–4745 (the foregoing 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 94–20 permits the purchase and sale of foreign currencies between an employee benefit plan and a bank, broker-dealer, or an affiliate thereof, that is a trustee, custodian, fiduciary, or other party in interest with respect to the plan. The exemption is available provided that the transaction is directed (within the meaning of section IV(e) of the exemption) by a plan fiduciary that is independent of the bank, brokerdealer, or affiliate and all other conditions of the exemption are satisfied. Without this exemption, certain aspects of these transactions might be prohibited by section 406(a) of ERISA. To protect the interests of participants and beneficiaries of the employee benefit plan, the exemption requires that the party wishing to take advantage of the exemption (1) Develop written policies and procedures applicable to trading in foreign currencies on behalf of an employee benefit plan; (2) provide a written confirmation with respect to each transaction in foreign currency to the independent plan fiduciary, disclosing PO 00000 Frm 00052 Fmt 4703 Sfmt 4703 specified information; and (3) maintain records pertaining to the transaction for a period of six years. This ICR relates to the foregoing disclosure and recordkeeping requirements. EBSA previously submitted the information collection provisions of PTE 94–20 to the Office of Management and Budget (OMB) for review in connection with promulgation of the prohibited transaction exemption. OMB approved the information collection request (ICR) under OMB Control No. 1210–0085. The ICR approval is currently scheduled to expire on August 31, 2009. II. 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 submission of responses. III. Current Action This notice requests comments on the extension of the ICR included in PTE 94–20. The Department is not proposing or implementing changes to the existing ICR at this time. The following summarizes the ICR and the current burden estimates: Type of Review: Extension of a currently approved collection of information. Agency: Employee Benefits Security Administration, Department of Labor. Titles: Foreign Exchange Transactions; PTCE 94–20. OMB Number: 1210–0085. Affected Public: Individuals or households; Business or other for-profit; Not-for-profit institutions. Respondents: 239. Frequency of Response: On occasion. Responses: 1,195. Estimated Total Burden Hours: 200. Comments submitted in response to this notice will be summarized and/or E:\FR\FM\20APN1.SGM 20APN1 Federal Register / Vol. 74, No. 74 / Monday, April 20, 2009 / Notices included in the request for OMB approval of the ICR; they will also become a matter of public record. DEPARTMENT OF LABOR Dated: April 14, 2009. Joseph S. Piacentini, Director, Office of Policy and Research, Employee Benefits Security Administration. [FR Doc. E9–8949 Filed 4–17–09; 8:45 am] BILLING CODE 4510–20–P Employment and Training Administration [TA–W–65,691] Group Dekko, Inc., Murray Plant, Murray, IA; Notice of Termination of Investigation Pursuant to Section 221 of the Trade Act of 1974, as amended, an investigation was initiated on March 27, 2009, in response to a petition filed by a company official on behalf of the workers at Group Dekko, Inc., Murray Plant, Murray, Iowa. The petitioner has requested that the petition be withdrawn. Consequently, the investigation has been terminated. Signed at Washington, DC, this 27th day of March 2009. Richard Church, Certifying Officer, Division of Trade Adjustment Assistance. [FR Doc. E9–8912 Filed 4–17–09; 8:45 am] BILLING CODE 4510–FN–P DEPARTMENT OF LABOR Employment and Training Administration [TA–W–64,970] Boise Cascade, LLC, White City, OR; Notice of Termination of Investigation rmajette on PRODPC74 with NOTICES Pursuant to Section 221 of the Trade Act of 1974, as amended, an investigation was initiated on January 22, 2009 in response to a worker petition filed on behalf of workers at Boise Cascade, LLC, White City, Oregon. The petitioners have requested that the petition be withdrawn. Consequently, the investigation has been terminated. Signed at Washington, DC, this 26th day of March 2009. Richard Church, Certifying Officer, Division of Trade Adjustment Assistance. [FR Doc. E9–8913 Filed 4–17–09; 8:45 am] VerDate Nov<24>2008 15:02 Apr 17, 2009 Jkt 217001 [TA–W–65,297] Hewlett Packard Caribe, BV, LLC, Aguadilla, Puerto Rico; Notice of Termination of Investigation Pursuant to Section 221 of the Trade Act of 1974, as amended, an investigation was initiated on February 19, 2009 in response to a petition filed by a Puerto Rico workforce office on behalf of workers of Hewlett Packard Caribe, BV, LLC, Aguadilla, Puerto Rico. The petitioner requested that the petition be withdrawn. Consequently, the investigation has been terminated. DEPARTMENT OF LABOR BILLING CODE 4510–FN–P Employment and Training Administration Signed at Washington, DC, this 26th day of March 2009. Richard Church, Certifying Officer, Division of Trade Adjustment Assistance. [FR Doc. E9–8924 Filed 4–17–09; 8:45 am] BILLING CODE 4510–FN–P DEPARTMENT OF LABOR Employment and Training Administration [TA–W–65,281 et al.] Notice of Termination of Investigation TA–W–65,281 Acument Global Technologies—North America Business Unit Ring Screw LLC—Fenton Operations Fenton, Michigan TA–W–65,281A Acument Global Technologies—North America Business Unit Ring Screw LLC—Warren Operations Hupp Warren, Michigan TA–W–65,281B Acument Global Technologies—North America Business Unit Ring Screw LLC—Detroit Distribution Center Detroit, Michigan TA–W–65,281C Acument Global Technologies—North America Business Unit Ring Screw LLC—Holly Operations—North Holly Road Holly, Michigan TA–W–65,281D Acument Global Technologies—North America Business Unit Burkland Inc—Goodrich Operations Goodrich, Michigan TA–W–65,281E Acument Global Technologies—North America Business Unit Ring Screw LLC—Holly Operations—Gainey Drive Holly, Michigan TA–W–65,281F Acument Global Technologies—North PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 17991 America Business Unit Ring Screw LLC—Sterling Heights Operations Sterling Heights, Michigan TA–W–65,281G Acument Global Technologies Acument Global Technologies Inc Headquarters Troy, Michigan Pursuant to Section 221 of the Trade Act of 1974, as amended, an investigation was initiated on February 18, 2009 in response to a worker petition filed by a company official on behalf of workers of Acument Global Technologies, North America Business Unit, Ring Screw, LLC, Fenton Operations, Fenton, Michigan (TA–W– 65,281); Acument Global Technologies, North America Business Unit, Ring Screw LLC, Warren Operations Hupp, Warren, Michigan (TA–W–65,281A); Acument Global Technologies, North America Business Unit, Ring Screw LLC, Detroit Distribution Center, Detroit, Michigan (TA–W–65,281B); Acument Global Technologies, North America Business Unit, Ring Screw LLC, Holly Operations, North Holly Road, Holly, Michigan (TA–W– 65,281C); Acument Global Technologies, North America Business Unit, Burkland, Inc., Goodrich Operations, Goodrich, Michigan (TA– W–65,281D); Acument Global Technologies, North America Business Unit, Ring Screw LLC, Holly Operations, Gainey Drive, Holly, Michigan (TA–W–65,281E); Acument Global Technologies, North America Business Unit, Ring Screw LLC, Sterling Heights Operations, Sterling Heights, Michigan (TA–W–65,281F); and Acument Global Technologies, Acument Global Technologies Inc. Headquarters, Troy, Michigan (TA–W–65,281G). Workers at the subject facilities are predominantly engaged in the manufacturing of fasteners for the automotive industry. Workers are also engaged in support activities, including producing washers and fastening tools for plants that produce fasteners and providing distribution and warehousing support for the production of fasteners. The petitioner has requested that the petition be withdrawn. Consequently, the investigation has been terminated. Signed at Washington, DC, this 25th day of March 2009. Elliott S. Kushner, Certifying Officer, Division of Trade Adjustment Assistance. [FR Doc. E9–8923 Filed 4–17–09; 8:45 am] BILLING CODE 4510–FN–P E:\FR\FM\20APN1.SGM 20APN1

Agencies

[Federal Register Volume 74, Number 74 (Monday, April 20, 2009)]
[Notices]
[Pages 17990-17991]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-8949]


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DEPARTMENT OF LABOR

Employee Benefits Security Administration


Proposed Extension of Information Collection; Comment Request; 
Prohibited Transaction Class Exemption 94-20, Foreign Exchange 
Transactions

AGENCY: Employee Benefit Security Administration.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Department of Labor, as part of its continuing effort to 
reduce paperwork and respondent burden, conducts a preclearance 
consultation program to provide the general public and Federal agencies 
with an opportunity to comment on proposed and continuing collections 
of information in accordance with the Paperwork Reduction Act of 1995 
(PRA 95). This program helps to ensure that the Department can properly 
assess the impact of its information collection requirements on 
respondents and minimize the reporting burden (time and financial 
resources) on the public and that the public can understand the 
Department's collection instruments 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) 94-20, Foreign Exchange Transactions. 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 to the office shown in the 
Addresses section below on or before June 19, 2009.

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-5718, 
Washington, DC 20210, (202) 693-8410, FAX (202) 219-4745 (the foregoing 
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 94-20 permits the purchase and sale of foreign currencies 
between an employee benefit plan and a bank, broker-dealer, or an 
affiliate thereof, that is a trustee, custodian, fiduciary, or other 
party in interest with respect to the plan. The exemption is available 
provided that the transaction is directed (within the meaning of 
section IV(e) of the exemption) by a plan fiduciary that is independent 
of the bank, broker-dealer, or affiliate and all other conditions of 
the exemption are satisfied. Without this exemption, certain aspects of 
these transactions might be prohibited by section 406(a) of ERISA. To 
protect the interests of participants and beneficiaries of the employee 
benefit plan, the exemption requires that the party wishing to take 
advantage of the exemption (1) Develop written policies and procedures 
applicable to trading in foreign currencies on behalf of an employee 
benefit plan; (2) provide a written confirmation with respect to each 
transaction in foreign currency to the independent plan fiduciary, 
disclosing specified information; and (3) maintain records pertaining 
to the transaction for a period of six years. This ICR relates to the 
foregoing disclosure and recordkeeping requirements.
    EBSA previously submitted the information collection provisions of 
PTE 94-20 to the Office of Management and Budget (OMB) for review in 
connection with promulgation of the prohibited transaction exemption. 
OMB approved the information collection request (ICR) under OMB Control 
No. 1210-0085. The ICR approval is currently scheduled to expire on 
August 31, 2009.

II. 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 submission of responses.

III. Current Action

    This notice requests comments on the extension of the ICR included 
in PTE 94-20. The Department is not proposing or implementing changes 
to the existing ICR at this time. The following summarizes the ICR and 
the current burden estimates:
    Type of Review: Extension of a currently approved collection of 
information.
    Agency: Employee Benefits Security Administration, Department of 
Labor.
    Titles: Foreign Exchange Transactions; PTCE 94-20.
    OMB Number: 1210-0085.
    Affected Public: Individuals or households; Business or other for-
profit; Not-for-profit institutions.
    Respondents: 239.
    Frequency of Response: On occasion.
    Responses: 1,195.
    Estimated Total Burden Hours: 200.
    Comments submitted in response to this notice will be summarized 
and/or

[[Page 17991]]

included in the request for OMB approval of the ICR; they will also 
become a matter of public record.

    Dated: April 14, 2009.
Joseph S. Piacentini,
Director, Office of Policy and Research, Employee Benefits Security 
Administration.
[FR Doc. E9-8949 Filed 4-17-09; 8:45 am]
BILLING CODE 4510-20-P