Submission for OMB Review; Comment Request, 14216 [2010-6504]

Download as PDF 14216 Federal Register / Vol. 75, No. 56 / Wednesday, March 24, 2010 / Notices Council on Environmental Quality EQGS00120 Scheduler to the Chairman (Council on Environmental Quality). Effective February 3, 2010. Office of Management and Budget BOGS10010 Confidential Assistant to the Deputy Director, Office of Management and Budget. Effective February 25, 2010. BOGS10011 Deputy Associate Director (Appropriations) for Legislative Affairs. Effective February 25, 2010. Authority: 5 U.S.C. 3301 and 3302; E.O. 10577, 3 CFR 1954–1958 Comp., p. 218. Office of Personnel Management. John Berry, Director. [FR Doc. 2010–6529 Filed 3–23–10; 8:45 am] BILLING CODE 6325–39–P SECURITIES AND EXCHANGE COMMISSION srobinson on DSKHWCL6B1PROD with NOTICES Submission for OMB Review; Comment Request Upon Written Request, Copies Available From: U.S. Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. Extension: Rule 17g-4; SEC File No. 270–566; OMB Control No. 3235–0627. 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 approval of extension of the previously approved collection provided for in Rule 17g–4 (17 CFR 240.17g–4) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (‘‘Exchange Act’’). The Rating Agency Act added a new Section 15E, ‘‘Registration of Nationally Recognized Statistical Rating Organizations,’’ 1 to the Exchange Act. Rule 17g–4 requires that a Nationally Recognized Statistical Rating Organization (‘‘NRSRO’’) has written policies and procedures to prevent the misuse of material nonpublic information including: procedures designed to prevent the inappropriate dissemination of material nonpublic information obtained in connection with the performance of credit rating services; procedures designed to prevent a person associated with the rating organization from trading on material nonpublic information; and procedures 1 15 U.S.C. 78o–7. VerDate Nov<24>2008 16:24 Mar 23, 2010 Jkt 220001 designed to prevent the inappropriate dissemination of a pending credit rating.2 It is anticipated that 30 credit rating agencies will register with the Commission as NRSROs under Section 15E of the Exchange Act. The Commission estimates that it will take approximately 50 hours for an NRSRO to establish procedures in conformance with Rule 17g–4 for a total one-time burden for the 30 credit rating agencies the Commission estimates will register as NRSROs of 1,500 hours.3 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) 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: Shagufta_Ahmed@omb.eop.gov; and (ii) Charles Boucher, Director/Chief Information Officer, Securities and Exchange Commission, c/o Shirley Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or send an email to PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: March 17, 2010. Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–6504 Filed 3–23–10; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Rule 15c3–1f; SEC File No. 270–440; OMB Control No. 3235–0496] Submission for OMB Review; Comment Request Upon Written Request, Copies Available From: U.S. Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. 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 approval of extension on the 2 See Rule 17g–4. Release No. 34–55231 (Feb. 2, 2007), 72 FR 6378 (Feb. 9, 2007); and Release No. 34–55857 (June 5, 2007), 72 FR 33564 (June 18, 2007). 3 50 hours × 30 NRSROs = 1,500 hours. PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 previously approved collection of information provided for in the following rule: Appendix F to Rule 15c3–1 (‘‘Appendix F’’) (17 CFR 240.15c3–1f) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (‘‘Exchange Act’’). Appendix F requires a broker-dealer choosing to register, upon Commission approval, as an OTC derivatives dealer to develop and maintain an internal risk management system based on Value-atRisk (‘‘VaR’’) models. Appendix F also requires the OTC derivatives dealer to notify Commission staff of the system and of certain other periodic information including when the VaR model deviates from the actual performance of the OTC derivatives dealer’s portfolio. It is anticipated that a total of five (5) broker-dealers will spend 1,000 hours per year complying with Rule 15c3–1f. The total burden is estimated to be approximately 5,000 hours. The records required to be kept pursuant to Appendix F and results of periodic reviews conducted pursuant to Rule 15c3–4 generally must be preserved under Rule 17a–4 of the Exchange Act (17 CFR 240.17a–4) for a period of not less than three years, the first two years in an easily accessible place. The Commission will not generally publish or make available to any person notices or reports received pursuant to the Rule. The statutory basis for the Commission’s refusal to disclose such information to the public is the exemption contained in Section (b)(4) of the Freedom of Information Act, 5 U.S.C. 552, which essentially provides that the requirement of public dissemination does not apply to commercial or financial information which is privileged or confidential. 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) 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: Shagufta_Ahmed@omb.eop.gov; and (ii) Charles Boucher, 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 to OMB within 30 days of this notice. E:\FR\FM\24MRN1.SGM 24MRN1

Agencies

[Federal Register Volume 75, Number 56 (Wednesday, March 24, 2010)]
[Notices]
[Page 14216]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-6504]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: U.S. Securities and 
Exchange Commission, Office of Investor Education and Advocacy, 
Washington, DC 20549-0213.
Extension:
    Rule 17g-4; SEC File No. 270-566; OMB Control No. 3235-0627.

    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 approval of extension of the previously 
approved collection provided for in Rule 17g-4 (17 CFR 240.17g-4) under 
the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange 
Act'').
    The Rating Agency Act added a new Section 15E, ``Registration of 
Nationally Recognized Statistical Rating Organizations,'' \1\ to the 
Exchange Act. Rule 17g-4 requires that a Nationally Recognized 
Statistical Rating Organization (``NRSRO'') has written policies and 
procedures to prevent the misuse of material nonpublic information 
including: procedures designed to prevent the inappropriate 
dissemination of material nonpublic information obtained in connection 
with the performance of credit rating services; procedures designed to 
prevent a person associated with the rating organization from trading 
on material nonpublic information; and procedures designed to prevent 
the inappropriate dissemination of a pending credit rating.\2\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78o-7.
    \2\ See Rule 17g-4. Release No. 34-55231 (Feb. 2, 2007), 72 FR 
6378 (Feb. 9, 2007); and Release No. 34-55857 (June 5, 2007), 72 FR 
33564 (June 18, 2007).
---------------------------------------------------------------------------

    It is anticipated that 30 credit rating agencies will register with 
the Commission as NRSROs under Section 15E of the Exchange Act. The 
Commission estimates that it will take approximately 50 hours for an 
NRSRO to establish procedures in conformance with Rule 17g-4 for a 
total one-time burden for the 30 credit rating agencies the Commission 
estimates will register as NRSROs of 1,500 hours.\3\
---------------------------------------------------------------------------

    \3\ 50 hours x 30 NRSROs = 1,500 hours.
---------------------------------------------------------------------------

    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) 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: Shagufta_Ahmed@omb.eop.gov; and (ii) Charles Boucher, 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 to OMB within 30 days 
of this notice.

    Dated: March 17, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-6504 Filed 3-23-10; 8:45 am]
BILLING CODE 8011-01-P
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