Proposed Collection; Comment Request, 51885-51886 [E9-24269]

Download as PDF mstockstill on DSKH9S0YB1PROD with NOTICES Federal Register / Vol. 74, No. 194 / Thursday, October 8, 2009 / Notices That approval is set to expire on March 31, 2010. Below is a brief summary of the proposed information collection: Title of Collection: Section 1512 Data Standards. OMB Control No.: 0430–0004. Description: The American Recovery and Reinvestment Act of 2009 (Pub. L. 111–5, 123 Stat. 115 (2009)) (the Recovery Act) established the Board and required that the Board establish and maintain a public-facing Web site to track covered funds. Section 1512 of the Recovery Act requires recipients of Federal financial assistance—namely, grants, cooperative agreements, contracts and loans—to report on the use of funds. These reports are to be submitted to FederalReporting.gov, and certain information from these reports will later be posted on the public-facing Web site Recovery.gov. More specifically, prime recipients, subrecipients, and vendors who receive Recovery Act funds are required to submit section 1512 data elements as set forth in the Recipient Reporting Data Model (available electronically at https://www.federalreporting.gov/ federalreporting/downloads.do). On June 22, 2009, OMB issued the following reporting guidance in its ‘‘Implementing Guidance for the Reports on Use of Funds Pursuant to the American Recovery and Reinvestment Act of 2009’’ (OMB Guidance): Prime Recipients: The prime recipient is ultimately responsible for the reporting of all data required by section 1512 of the Recovery Act and the OMB Guidance, including the Federal Funding Accountability and Transparency Act (FFATA) data elements for the sub-recipients of the prime recipient required under section 1512(c)(4). In addition, the prime recipient must report three additional data elements associated with any vendors receiving funds from the prime recipient for any payments greater than $25,000. Specifically, the prime recipient must report the identity of the vendor by reporting the DUNS number, the amount of the payment, and a description of what was obtained in exchange for the payment. If the vendor does not have a DUNS number, then the name and zip code of the vendor’s headquarters will be used for identification. Sub-Recipients of the Prime Recipient: The sub-recipients of the prime recipient may be required by the prime recipient to report the FFATA data elements required under section 1512(c)(4) for payments from the prime recipient to the sub-recipient. The reporting sub-recipients must also VerDate Nov<24>2008 18:31 Oct 07, 2009 Jkt 220001 report one data element associated with any vendors receiving funds from that sub-recipient. Specifically, the subrecipient must report, for any payments greater than $25,000, the identity of the vendor by reporting the DUNS number, if available, or otherwise the name and zip code of the vendor’s headquarters. Required Data: The specific data elements to be reported by prime recipients and sub-recipients are included in the Recipient Reporting Data Model. Below are the basic reporting requirements to be reported on prime recipients, recipient vendors, subrecipients, and sub-recipient vendors. Prime Recipient 1. Federal Funding Agency Name 2. Award identification 3. Recipient DUNS 4. Parent DUNS 5. Recipient CCR information 6. CFDA number, if applicable 7. Recipient account number 8. Project/grant period 9. Award type, date, description, and amount 10. Amount of Federal Recovery Act funds expended to projects/ activities 11. Activity code and description 12. Project description and status 13. Job creation narrative and number 14. Infrastructure expenditures and rationale, if applicable 15. Recipient primary place of performance 16. Recipient area of benefit 17. Recipient officer names and compensation (Top 5) 18. Total number and amount of small sub-awards; less than $25,000 Recipient Vendor 1. DUNS or Name and zip code of Headquarters (HQ) 2. Expenditure amount 3. Expenditure description Sub-Recipient (Also Referred to as FFATA Data Elements) 1. Sub-recipient DUNS 2. Sub-recipient CCR information 3. Sub-recipient type 4. Amount received by sub-recipient 5. Amount awarded to sub-recipient 6. Sub-award date 7. Sub-award period 8. Sub-recipient place of performance 9. Sub-recipient area of benefit 10. Sub-recipient officer names and compensation (Top 5) Sub-Recipient Vendor 1. DUNS or Name and zip code of HQ Affected Public: All recipients, as defined in section 1512(b)(1) of the Recovery Act, of Recovery funds PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 51885 (specifically, Federal financial assistance). Total Estimated Number of Respondents: 133,993. Frequency of Responses: Quarterly. Total Estimated Annual Burden Hours: 1,339,930. Ivan Flores, Paralegal Specialist, Recovery Accountability and Transparency Board. [FR Doc. E9–24320 Filed 10–7–09; 8:45 am] BILLING CODE 6820–GA–P SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon written request, copies available from: Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. Extension: Rule 30e–1, SEC File No. 270–21, OMB Control No. 3235–0025. 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 (the ‘‘Commission’’) is soliciting comments on the collection of information summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. This notice supersedes the notice regarding the comment request on the collection of information, ‘‘Rule 30e–1 (CFR 270.30e–1) under the Investment Company Act of 1940, (15 U.S.C. 80a– 1 et seq.) Reports to Stockholders of Management Companies’’ published in the Federal Register on July 30, 2009 (74 FR 38065) because the methodology of calculating the burden of the collection of information has been revised. The title for the collection of information is: ‘‘Rule 30e–1 under the Investment Company Act of 1940, Reports to Stockholders of Management Companies.’’ Section 30(e) (15 U.S.C. 80a–29(e)) of the Investment Company Act of 1940 (‘‘Investment Company Act’’) requires a registered investment company (‘‘fund’’) to transmit to its shareholders, at least semi-annually, reports containing financial statements and other financial information as the Commission may prescribe by rules and regulations. In addition, Section 30(f) permits the Commission to require by rule that semi-annual reports include such other information as the Commission deems necessary or E:\FR\FM\08OCN1.SGM 08OCN1 mstockstill on DSKH9S0YB1PROD with NOTICES 51886 Federal Register / Vol. 74, No. 194 / Thursday, October 8, 2009 / Notices appropriate in the public interest or for the protection of investors. Rule 30e–1 generally requires a fund to transmit to its shareholders, at least semi-annually, reports containing the information that is required to be included in such reports by the fund’s registration statement form under the Investment Company Act. Failure to require the collection of this information would seriously impede the amount of current information available to shareholders and the public about funds and would prevent the Commission from implementing the regulatory program required by statute. Approximately 2,800 funds, with a total of approximately 10,460 portfolios, respond to rule 30e–1 annually. The estimate of the total annual reporting burden of the collection of information is approximately 114.2 hours per portfolio, and the total estimated annual burden for the industry is 1,194,532 hours (114.2 hours × 10,460 portfolios). Providing the information required by rule 30e–1 is mandatory. Responses will not be kept confidential. Estimates of the burden hours are made solely for the purposes of the Paperwork Reduction Act, and are not derived from a comprehensive or even a representative survey or study of the costs of SEC rules and forms. 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. Written comments are invited on: (a) 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; (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. Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication. Please direct your written comments to Charles Boucher, Director/CIO, 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. VerDate Nov<24>2008 18:31 Oct 07, 2009 Jkt 220001 Dated: October 2, 2009. Florence E. Harmon, Deputy Secretary. [FR Doc. E9–24269 Filed 10–7–09; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–60754; File No. SR–FINRA– 2009–059] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of Proposed Rule Change To Adopt NASD Rules 2360 and 2361 Into the Consolidated Rulebook as FINRA Rules 2130 and 2270 October 2, 2009. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b-4 thereunder,2 notice is hereby given that on September 9, 2009, Financial Industry Regulatory Authority, Inc. (‘‘FINRA’’) (f/ k/a National Association of Securities Dealers, Inc. (‘‘NASD’’)) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) a proposed rule change to adopt NASD Rule 2360 (Approval Procedures for Day-Trading Accounts) as FINRA Rule 2130 and to adopt NASD Rule 2361 (Day-Trading Risk Disclosure Statement) as FINRA Rule 2270 in the consolidated FINRA rulebook, with minor changes, as described in Items I, II, and III below, which Items substantially have been prepared by FINRA. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The text of the proposed rule change is available on FINRA’s Web site at https://www.finra.org, at the principal office of FINRA and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, FINRA included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. FINRA has prepared 1 15 2 17 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00057 Fmt 4703 Sfmt 4703 summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose As part of the process of developing a new consolidated rulebook (‘‘Consolidated FINRA Rulebook’’),3 FINRA is proposing to adopt NASD Rules 2360 and 2361 in the consolidated FINRA rulebook with minor changes, as FINRA Rules 2130 and 2270 respectively. NASD Rules 2360 and 2361 focus on members’ obligations to disclose to noninstitutional customers 4 the basic risks of engaging in a ‘‘day-trading strategy’’ and to assess the appropriateness of day-trading strategies for such customers. The rules define a ‘‘daytrading strategy’’ as ‘‘an overall trading strategy characterized by the regular transmission by a customer of intra-day orders to effect both purchase and sale transactions in the same security or securities.’’ 5 NASD Rule 2360 creates an obligation on members that promote a day-trading strategy regarding account-opening approval procedures for non-institutional customers. NASD Rule 2361 creates an obligation on such members to disclose to non-institutional customers the unique risks of engaging in a day-trading strategy. NASD Rule 2360 prohibits a member promoting a day-trading strategy from opening an account for a noninstitutional customer unless, prior to opening the account, the member has furnished the customer with a risk disclosure statement (as described in NASD Rule 2361) and has either (1) approved the customer’s account for a day-trading strategy and prepared a record setting forth the basis for the 3 The current FINRA rulebook consists of (1) FINRA Rules; (2) NASD Rules; and (3) rules incorporated from NYSE (‘‘Incorporated NYSE Rules’’) (together, the NASD Rules and Incorporated NYSE Rules are referred to as the ‘‘Transitional Rulebook’’). While the NASD Rules generally apply to all FINRA members, the Incorporated NYSE Rules apply only to those members of FINRA that are also members of the NYSE (‘‘Dual Members’’). The FINRA Rules apply to all FINRA members, unless such rules have a more limited application by their terms. For more information about the rulebook consolidation process, see Information Notice, March 12, 2008 (Rulebook Consolidation Process). 4 For purposes of these rules, the term ‘‘noninstitutional customer’’ means a customer that does not qualify as an ‘‘institutional account’’ under NASD Rule 3110(c)(4). See NASD Rule 2360(f); NASD Rule 2361(d). FINRA is proposing to adopt NASD Rule 3110(c)(4) as FINRA Rule 4512(c). See Regulatory Notice 08–25 (May 2008). 5 See NASD Rule 2360(e); NASD Rule 2361(c). E:\FR\FM\08OCN1.SGM 08OCN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 74, Number 194 (Thursday, October 8, 2009)]
[Notices]
[Pages 51885-51886]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-24269]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon written request, copies available from: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension: Rule 30e-1, SEC File No. 270-21, OMB Control No. 3235-
0025.

    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 (the ``Commission'') is soliciting comments on the 
collection of information summarized below. The Commission plans to 
submit this existing collection of information to the Office of 
Management and Budget for extension and approval.
    This notice supersedes the notice regarding the comment request on 
the collection of information, ``Rule 30e-1 (CFR 270.30e-1) under the 
Investment Company Act of 1940, (15 U.S.C. 80a-1 et seq.) Reports to 
Stockholders of Management Companies'' published in the Federal 
Register on July 30, 2009 (74 FR 38065) because the methodology of 
calculating the burden of the collection of information has been 
revised.
    The title for the collection of information is: ``Rule 30e-1 under 
the Investment Company Act of 1940, Reports to Stockholders of 
Management Companies.'' Section 30(e) (15 U.S.C. 80a-29(e)) of the 
Investment Company Act of 1940 (``Investment Company Act'') requires a 
registered investment company (``fund'') to transmit to its 
shareholders, at least semi-annually, reports containing financial 
statements and other financial information as the Commission may 
prescribe by rules and regulations. In addition, Section 30(f) permits 
the Commission to require by rule that semi-annual reports include such 
other information as the Commission deems necessary or

[[Page 51886]]

appropriate in the public interest or for the protection of investors. 
Rule 30e-1 generally requires a fund to transmit to its shareholders, 
at least semi-annually, reports containing the information that is 
required to be included in such reports by the fund's registration 
statement form under the Investment Company Act. Failure to require the 
collection of this information would seriously impede the amount of 
current information available to shareholders and the public about 
funds and would prevent the Commission from implementing the regulatory 
program required by statute. Approximately 2,800 funds, with a total of 
approximately 10,460 portfolios, respond to rule 30e-1 annually. The 
estimate of the total annual reporting burden of the collection of 
information is approximately 114.2 hours per portfolio, and the total 
estimated annual burden for the industry is 1,194,532 hours (114.2 
hours x 10,460 portfolios). Providing the information required by rule 
30e-1 is mandatory. Responses will not be kept confidential. Estimates 
of the burden hours are made solely for the purposes of the Paperwork 
Reduction Act, and are not derived from a comprehensive or even a 
representative survey or study of the costs of SEC rules and forms.
    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.
    Written comments are invited on: (a) 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; (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. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    Please direct your written comments to Charles Boucher, Director/
CIO, 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.

    Dated: October 2, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-24269 Filed 10-7-09; 8:45 am]
BILLING CODE 8011-01-P

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