Proposed Extension of Information Collection; Request for Public Comment for Class Prohibited Transaction Exemption 2006-16, 49022-49023 [E9-23141]
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49022
Federal Register / Vol. 74, No. 185 / Friday, September 25, 2009 / Notices
the notice of special enrollment to the
Office of Management and Budget
(OMB) for review under the PRA and
received approval under OMB Control
No. 1210–0101. The ICR approval is
currently scheduled to expire on
December 31, 2009.
II. Desired Focus of Comments
jlentini on DSKJ8SOYB1PROD with NOTICES
III. Current Action
This notice requests comments on an
extension of information collections
arising from the notice of special
enrollment required under 29 CFR
2590.701–6. The Department is not
proposing or implementing changes to
the existing information collection at
this time. A summary of the ICR and the
current burden estimates follows:
Agency: Department of Labor,
Employee Benefits Security
Administration.
Title: Notice of Special Enrollment.
Type of Review: Extension of a
currently approved collection of
information.
OMB Number: 1210–0101.
Affected Public: Business or other forprofit; Not-for-profit institutions.
Frequency of Response: On occasion.
Respondents: 2,600,000.
Responses: 8,568,282.
Total Estimated Burden Hours: 1.
Total Burden Cost (Operating and
Maintenance): $77,115.
Comments submitted in response to
this notice will be summarized and/or
included in the request for OMB
approval of the extension of this ICR;
they will also become a matter of public
record.
20:07 Sep 24, 2009
Jkt 217001
BILLING CODE 4510–20–P
DEPARTMENT OF LABOR
The Department is particularly
interested in comments that:
• Evaluate 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;
• Evaluate the accuracy of the
agency’s estimate of the burden of the
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.
VerDate Nov<24>2008
Dated: September 21, 2009.
Joseph S. Piacentini,
Director, Office of Policy and Research,
Employee Benefits Security Administration.
[FR Doc. E9–23137 Filed 9–24–09; 8:45 am]
I. Background
Employee Benefits Security
Administration
Proposed Extension of Information
Collection; Request for Public
Comment for Class Prohibited
Transaction Exemption 2006–16
ACTION:
Notice.
SUMMARY: The Department of Labor
(Department), 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) (44 U.S.C. 3506(c)(2)(A)).
This program helps to ensure that the
data the Department gathers can be
provided in the desired format, that the
reporting burden on the public (time
and financial resources) is minimized,
that the public understands the
Department’s collection instruments,
and that the Department can accurately
assess the impact of collection
requirements on respondents.
Currently, the Employee Benefits
Security Administration (EBSA) is
soliciting comments concerning the
extension of currently approved
collections of information arising from
Class Prohibited Transaction Exemption
2006–16, which permits employee
benefit plans to lend securities owned
by the plans as investments to banks
and broker-dealers and to make
compensation arrangements for lending
services provided by a plan fiduciary in
connection with securities loans. A
copy of the information collection
request (ICR) can be obtained by
contacting the office shown in the
ADDRESSES section of this notice.
DATES: Written comments must be
submitted to the office shown in the
ADDRESSES section of this notice on or
before November 24, 2009.
ADDRESSES: Interested parties are
invited to submit written comments
regarding the information collection
request and burden estimates to G.
Christopher Cosby, Office of Policy and
Research, Employee Benefits Security
Administration, U.S. Department of
PO 00000
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Labor, 200 Constitution Avenue, NW.,
Room N–5718, Washington, DC 20210,
(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:
This ICR covers information
collections contained in PTE 2006–16.
In 1981 and 1982, the Department
issued two related prohibited
transaction class exemptions, PTE 81–6
and PTE 82–63, that permit employee
benefit plans to lend securities owned
by the plans as investments to banks
and broker-dealers and to make
compensation arrangements for lending
services provided by a plan fiduciary in
connection with securities loans. In
2006, the Department promulgated PTE
2006–16, which combines and amends
the exemptions previously provided
under PTE 81–6 and PTE 82–63. The
new exemption expands the categories
of exempted transactions to include
securities lending to foreign banks and
broker-dealers that are domiciled in
specified countries and to allow the use
of additional forms of collateral, all
subject to specified conditions.
Among other conditions, the class
exemption requires that a bank or
broker-dealer that borrows securities
from a plan must provide the plan with
its most recent audited financial
statement. The borrower must also
affirm, when the loan is negotiated, that
there has been no material adverse
change in its financial condition since
the previously audited statement.
The exemption also requires that the
agreements regarding the securities loan
transaction or transactions and the
compensation arrangement for the
lending fiduciary must be contained in
written documents. Individual
agreements are not required for each
transaction; rather the compensation
agreement may be made in the form of
a master agreement covering a series of
transactions. The ICRs contained in PTE
2006–16 were approved by the Office of
Management and Budget (OMB) under
OMB Control No. 1210–0065, which
currently is scheduled to expire on
December 31, 2009.
II. Desired Focus of Comments
The Department is particularly
interested in comments that:
• Evaluate 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;
E:\FR\FM\25SEN1.SGM
25SEN1
Federal Register / Vol. 74, No. 185 / Friday, September 25, 2009 / Notices
• Evaluate the accuracy of the
agency’s estimate of the burden of the
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 an
extension of the information collections
arising from PTE 2006–16. The
Department is not proposing or
implementing any changes to the
information collections at this time. A
summary of the ICR and the current
burden estimates follows:
Agency: Department of Labor,
Employee Benefits Security
Administration.
Title: PTE 2006–16 (Securities
Lending by Employee Benefit Plans).
Type of Review: Extension of a
currently approved collection of
information.
OMB Number: 1210–0065.
Affected Public: Business or other forprofit; Not-for-profit institutions.
Frequency of Response: On occasion.
Respondents: 200.
Responses: 10,000.
Total Estimated Burden Hours: 367.
Total Burden Cost (Operating and
Maintenance): $11,200.
Comments submitted in response to
this notice will be summarized and/or
included in the request for OMB
approval of the extension of this ICR;
they will also become a matter of public
record.
Dated: September 21, 2009.
Joseph S. Piacentini,
Director, Office of Policy and Research,
Employee Benefits Security Administration.
[FR Doc. E9–23141 Filed 9–24–09; 8:45 am]
BILLING CODE 4510–20–P
DEPARTMENT OF LABOR
jlentini on DSKJ8SOYB1PROD with NOTICES
Bureau of Labor Statistics
Proposed Collection, Comment
Request
ACTION:
Notice.
SUMMARY: The Department of Labor, as
part of its continuing effort to reduce
VerDate Nov<24>2008
18:52 Sep 24, 2009
Jkt 217001
paperwork and respondent burden,
conducts a pre-clearance consultation
program to provide the general public
and Federal agencies with an
opportunity to comment on proposed
and/or continuing collections of
information in accordance with the
Paperwork Reduction Act of 1995
(PRA95) [44 U.S.C. 3506(c)(2)(A)). This
program helps to ensure that requested
data can be provided in the desired
format, reporting burden (time and
financial resources) is minimized,
collection instruments are clearly
understood, and the impact of collection
requirements on respondents can be
properly assessed. The Bureau of Labor
Statistics (BLS) is soliciting comments
concerning the proposed revision of the
‘‘International Training Application.’’ A
copy of the proposed information
collection request (ICR) can be obtained
by contacting the individual listed
below in the ADDRESSES section of this
notice.
DATES: Written comments must be
submitted to the office listed in the
ADDRESSES section of this notice on or
before November 24, 2009.
Send comments to Nora
Kincaid, BLS Clearance Officer,
Division of Management Systems,
Bureau of Labor Statistics, Room 4080,
2 Massachusetts Avenue, NE.,
Washington, DC 20212. Written
comments also may be transmitted by
fax to 202–691–5111 (this is not a toll
free number).
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
Nora Kincaid, BLS Clearance Officer, at
202–691–7628 (this is not a toll free
number). (See ADDRESSES section.)
SUPPLEMENTARY INFORMATION:
I. Background
The BLS is one of the largest labor
statistics organizations in the world and
has provided international training
since 1945. Each year, the BLS Division
of International Technical Cooperation
(DITC) conducts seminars of 1 to 4
weeks duration at its training facilities
in Washington, DC. In addition to the
annual international seminars, DITC
provides technical assistance upon
request and organizes visits to the BLS
for many international visitors each
year.
The seminars bring together
statisticians, economists, analysts, and
other data producers and users from
countries all over the world. Each
seminar is designed to strengthen the
participants’ ability to collect and
analyze economic and labor statistics.
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49023
II. Current Action
Office of Management and Budget
clearance is being sought for the
International Training Application. BLS
is adding a question to the form
regarding the need for accommodations.
This question will help to facilitate
assisting the visitors with
accommodations for their stay if
needed.
III. Desired Focus of Comments
The Bureau of Labor Statistics 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.
• 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., permitting electronic submissions
of responses.
Type of Review: Revision.
Agency: Bureau of Labor Statistics.
Title: International Training
Application.
OMB Number: 1220–0179.
Affected Public: Individuals or
households.
Total Respondents: 100.
Frequency: On occasion.
Total Responses: 100.
Average Time per Response: 20
minutes.
Estimated Total Burden Hours: 34
hours.
Total Burden Cost (capital/startup):
$0.
Total Burden Cost (operating/
maintenance): $0.
Comments submitted in response to
this notice will be summarized and/or
included in the request for Office of
Management and Budget approval of the
information collection request; they also
will become a matter of public record.
Signed at Washington, DC, this 17th day of
September 2009.
Kimberley D. Hill,
Acting Chief, Division of Management
Systems, Bureau of Labor Statistics.
[FR Doc. E9–23149 Filed 9–24–09; 8:45 am]
BILLING CODE 4510–24–P
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]]>Agencies
[Federal Register Volume 74, Number 185 (Friday, September 25, 2009)]
[Notices]
[Pages 49022-49023]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-23141]
-----------------------------------------------------------------------
DEPARTMENT OF LABOR
Employee Benefits Security Administration
Proposed Extension of Information Collection; Request for Public
Comment for Class Prohibited Transaction Exemption 2006-16
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of Labor (Department), 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) (44 U.S.C. 3506(c)(2)(A)). This program
helps to ensure that the data the Department gathers can be provided in
the desired format, that the reporting burden on the public (time and
financial resources) is minimized, that the public understands the
Department's collection instruments, and that the Department can
accurately assess the impact of collection requirements on respondents.
Currently, the Employee Benefits Security Administration (EBSA) is
soliciting comments concerning the extension of currently approved
collections of information arising from Class Prohibited Transaction
Exemption 2006-16, which permits employee benefit plans to lend
securities owned by the plans as investments to banks and broker-
dealers and to make compensation arrangements for lending services
provided by a plan fiduciary in connection with securities loans. A
copy of the information collection request (ICR) can be obtained by
contacting the office shown in the ADDRESSES section of this notice.
DATES: Written comments must be submitted to the office shown in the
ADDRESSES section of this notice on or before November 24, 2009.
ADDRESSES: Interested parties are invited to submit written comments
regarding the information collection request and burden estimates 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 (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
This ICR covers information collections contained in PTE 2006-16.
In 1981 and 1982, the Department issued two related prohibited
transaction class exemptions, PTE 81-6 and PTE 82-63, that permit
employee benefit plans to lend securities owned by the plans as
investments to banks and broker-dealers and to make compensation
arrangements for lending services provided by a plan fiduciary in
connection with securities loans. In 2006, the Department promulgated
PTE 2006-16, which combines and amends the exemptions previously
provided under PTE 81-6 and PTE 82-63. The new exemption expands the
categories of exempted transactions to include securities lending to
foreign banks and broker-dealers that are domiciled in specified
countries and to allow the use of additional forms of collateral, all
subject to specified conditions.
Among other conditions, the class exemption requires that a bank or
broker-dealer that borrows securities from a plan must provide the plan
with its most recent audited financial statement. The borrower must
also affirm, when the loan is negotiated, that there has been no
material adverse change in its financial condition since the previously
audited statement.
The exemption also requires that the agreements regarding the
securities loan transaction or transactions and the compensation
arrangement for the lending fiduciary must be contained in written
documents. Individual agreements are not required for each transaction;
rather the compensation agreement may be made in the form of a master
agreement covering a series of transactions. The ICRs contained in PTE
2006-16 were approved by the Office of Management and Budget (OMB)
under OMB Control No. 1210-0065, which currently is scheduled to expire
on December 31, 2009.
II. Desired Focus of Comments
The Department is particularly interested in comments that:
Evaluate 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;
[[Page 49023]]
Evaluate the accuracy of the agency's estimate of the
burden of the 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 an extension of the information
collections arising from PTE 2006-16. The Department is not proposing
or implementing any changes to the information collections at this
time. A summary of the ICR and the current burden estimates follows:
Agency: Department of Labor, Employee Benefits Security
Administration.
Title: PTE 2006-16 (Securities Lending by Employee Benefit Plans).
Type of Review: Extension of a currently approved collection of
information.
OMB Number: 1210-0065.
Affected Public: Business or other for-profit; Not-for-profit
institutions.
Frequency of Response: On occasion.
Respondents: 200.
Responses: 10,000.
Total Estimated Burden Hours: 367.
Total Burden Cost (Operating and Maintenance): $11,200.
Comments submitted in response to this notice will be summarized
and/or included in the request for OMB approval of the extension of
this ICR; they will also become a matter of public record.
Dated: September 21, 2009.
Joseph S. Piacentini,
Director, Office of Policy and Research, Employee Benefits Security
Administration.
[FR Doc. E9-23141 Filed 9-24-09; 8:45 am]
BILLING CODE 4510-20-P
