Submission for OMB Review; Comment Request, 26297-26298 [2010-11097]
Download as PDF
<![CDATA[
Federal Register / Vol. 75, No. 90 / Tuesday, May 11, 2010 / Notices
04/30/2010, Private Non-Profit
organizations that provide essential
services of governmental nature may file
disaster loan applications at the address
listed above or other locally announced
locations.
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties: Barnes, Benson, Cass,
Dickey, Emmons, Foster, Grand Forks,
Lamoure, Logan, Mercer, Morton,
Nelson, Pembina, Ramsey, Ransom,
Richland, Sargent, Steele, Stutsman,
Traill, Walsh, Wells.
And the portions of the Spirit Lake
Reservation that lie within these
counties.
The Interest Rates are:
Percent
For Physical Damage:
Non-Profit Organizations With
Credit Available Elsewhere .....
Non-Profit Organizations Without
Credit Available Elsewhere .....
For Economic Injury:
Non-Profit Organizations Without
Credit Available Elsewhere .....
3.625
3.000
3.000
The number assigned to this disaster
for physical damage is 121516 and for
economic injury is 121526.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Joseph P. Loddo,
Acting Associate Administrator for Disaster
Assistance.
[FR Doc. 2010–11062 Filed 5–10–10; 8:45 am]
BILLING CODE 8025–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
emcdonald on DSK2BSOYB1PROD with NOTICES
Rule 31; SEC File No. 270–537; OMB
Control No. 3235–0597.
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.
Section 31 of the Securities Exchange
Act of 1934 (15 U.S.C. 78ee.) (‘‘Exchange
VerDate Mar<15>2010
21:07 May 10, 2010
Jkt 220001
Act’’) requires the Commission to collect
fees and assessments from national
securities exchanges and national
securities associations (collectively,
‘‘self-regulatory organizations’’ or
‘‘SROs’’) based on the volume of their
securities transactions. To collect the
proper amounts, the Commission
adopted Rule 31 (17 CFR 240.31) and
Form R31 (17 CFR 249.11) under the
Exchange Act whereby the SROs must
report to the Commission the volume of
their securities transaction and the
Commission, based on that data,
calculates the amount of fees and
assessments that the SROs owe pursuant
to Section 31. Rule 31 and Form R31
require the SROs to provide this data on
a monthly basis.
The Commission estimates that each
respondent makes 12 such filings on an
annual basis at an average hourly
burden of approximately 1.47 hours per
response. Currently, there are 16
respondents. However, based on past
experience, the Commission is
estimating an increase to 18
respondents, including 13 national
securities exchanges, two security
futures exchanges, and one national
securities association subject to the
collection of information requirements
of Rule 31 and two registered clearing
agencies are required to provide certain
data in their possession needed by the
SROs to complete Form R31. The
Commission estimates that the total
burden for all 18 respondents is 318
hours (12 filings/respondent per year ×
1.47 hours/filing × 18 respondents =
317.52, rounded to 318 hours) per year.
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 regarding the above
information should be directed to the
following persons: (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 by
sending an e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted to the Office of
Management and Budget within 30 days
of this notice.
PO 00000
Frm 00113
Fmt 4703
Sfmt 4703
26297
Dated: May 5, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–11098 Filed 5–10–10; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension: Rule 248.30; SEC File No.
270–549; OMB Control No. 3235–
0610.
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’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
Rule 248.30 (17 CFR 248.30) under
Regulation S–P, is titled ‘‘Procedures to
Safeguard Customer Records and
Information; Disposal of Consumer
Report Information.’’ Rule 248.30 (the
‘‘safeguard rule’’) requires brokers,
dealers, investment companies, and
investment advisers registered with the
Commission (‘‘registered investment
advisers’’) (collectively ‘‘covered
institutions’’) to adopt written policies
and procedures for administrative,
technical, and physical safeguards to
protect customer records and
information. The safeguards must be
reasonably designed to ‘‘insure the
security and confidentiality of customer
records and information,’’ ‘‘protect
against any anticipated threats or
hazards to the security and integrity’’ of
those records, and protect against
unauthorized access to or use of those
records or information, which ‘‘could
result in substantial harm or
inconvenience to any customer.’’ The
safeguard rule’s requirement that
covered institutions’ policies and
procedures be documented in writing
constitutes a collection of information
and must be maintained on an ongoing
basis. This requirement eliminates
uncertainty as to required employee
actions to protect customer records and
information and promotes more
systematic and organized reviews of
safeguard policies and procedures by
institutions. The information collection
also assists the Commission’s
examination staff in assessing the
E:\FR\FM\11MYN1.SGM
11MYN1
emcdonald on DSK2BSOYB1PROD with NOTICES
26298
Federal Register / Vol. 75, No. 90 / Tuesday, May 11, 2010 / Notices
existence and adequacy of covered
institutions’ safeguard policies and
procedures.
We estimate that as of the end of
2009, there are 5253 broker-dealers,
4522 investment companies, and 11,450
investment advisers currently registered
with the Commission, for a total of
21,225 covered institutions. We expect
that all of these covered institutions
have already documented their
safeguard policies and procedures in
writing and therefore will incur no
hourly burdens related to the initial
documentation of policies and
procedures.
However, we expect that
approximately 10 percent of the 21,225
covered institutions currently registered
with the Commission will review and
update their policies and procedures
each year, for a total of 2123 covered
institutions that will spend time to
update their policies and procedures.
The amount of time spent reviewing and
updating safeguard policies and
procedures is likely to vary widely,
based on the size of the entity, the
complexity of its operations, and any
significant changes in the security
environment. We estimate that it will
take a typical covered institution that
reviews and updates its safeguard
policies and procedures approximately
20 hours to complete such a review and
document the results, for a total hourly
burden for all institutions of 42,460
hours.
Although existing covered institutions
would not incur any initial hourly
burden in complying with the
safeguards rule, we expect that newly
registered institutions would incur some
hourly burdens associated with
documenting their safeguard policies
and procedures. We estimate that
approximately 1500 broker-dealers,
investment companies, or investment
advisers register with the Commission
annually. However, we also expect that
approximately 70% of these newly
registered covered institutions (1050)
are affiliated with an existing covered
institution, and will rely on an
organization-wide set of previously
documented safeguard policies and
procedures created by their affiliates.
We estimate that these affiliated newly
registered covered institutions will
incur a significantly reduced hourly
burden in complying with the
safeguards rule, as they will need only
to review their affiliate’s existing
policies and procedures, and identify
and adopt the relevant policies for their
business. Therefore, we expect that
newly registered covered institutions
with existing affiliates will incur an
hourly burden of approximately 15
VerDate Mar<15>2010
21:07 May 10, 2010
Jkt 220001
hours in identifying and adopting
safeguard policies and procedures for
their business, for a total hourly burden
for all affiliated new institutions of
15,750 hours.
Finally, we expect that the 450 newly
registered entities that are not affiliated
with an existing institution will incur a
significantly higher hourly burden in
reviewing and documenting their
safeguard policies and procedures. We
expect that virtually all of the newly
registered covered entities that do not
have an affiliate are likely to be small
entities and are likely to have smaller
and less complex operations, with a
correspondingly smaller set of safeguard
policies and procedures to document,
compared to other larger existing
institutions with multiple affiliates. We
estimate that it will take a typical newly
registered unaffiliated institution
approximately 65 hours to review,
identify, and document their safeguard
policies and procedures, for a total of
29,250 hours for all newly registered
unaffiliated entities.
Therefore, we estimate that the total
annual hourly burden associated with
the safeguards rule is 87,460 hours. We
also estimate that all covered
institutions will be respondents each
year, for a total of 21,225 respondents.
These estimates of average burden
hours are made solely for the purposes
of the Paperwork Reduction Act. 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. The safeguard rule does not
require the reporting of any information
or the filing of any documents with the
Commission. The collection of
information required by the safeguard
rule is mandatory.
Please direct general comments
regarding the above information to the
following persons: (i) Desk Officer for
the Securities and Exchange
Commission, Office of Management and
Budget, Room 10102, New Executive
Office Building, Washington, DC 20503
or send an e-mail to Shagufta Ahmed at
Shagufta_Ahmed@omb.eop.gov; and (ii)
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. Comments must
be submitted to OMB within 30 days of
this notice.
May 5, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–11097 Filed 5–10–10; 8:45 am]
BILLING CODE 8010–01–P
PO 00000
Frm 00114
Fmt 4703
Sfmt 4703
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investors
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Rule 605 of Regulation NMS; SEC File
No. 270–488; OMB Control No.
3235–0542
Rule 606 of Regulation NMS; SEC File
No. 270–489; OMB Control No.
3235–0541.
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
requests for approval of extension of the
existing collections of information for
the following rules: Rule 605 and Rule
606 (17 CFR 242.605 and 17 CFR
242.606) (formerly Rule 11Ac1–5 and
Rule 11Ac1–6) under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.) (‘‘Exchange Act’’).
Rule 605 of Regulation NMS,1
formerly known as Rule 11Ac1–5,
requires market centers to make
available to the public monthly order
execution reports in electronic form.
The Commission believes that many
market centers retain most, if not all, the
underlying raw data necessary to
generate these reports in electronic
format. Once the necessary data is
collected, market centers could either
program their systems to generate the
statistics and reports, or transfer the
data to a service provider (such as an
independent company in the business of
preparing such reports or a selfregulatory organization (‘‘SRO’’) that
would generate the statistics and
reports.
The collection of information
obligations of Rule 605 apply to all
market centers that receive covered
orders in national market system
securities. The Commission estimates
that approximately 408 market centers
are subject to the collection of
1 Regulation NMS, adopted by the Commission in
June 2005, redesignated the national market system
rules previously adopted under Section 11A of the
Exchange Act. Rule 11Ac1–5 under the Exchange
Act was redesignated Rule 605 of Regulation NMS,
and Rule 11Ac1–6 under the Exchange Act was
redesignated Rule 606 of Regulation NMS. No
substantive amendments were made to Rule 605
and Rule 606 of Regulation NMS. See Securities
Exchange Act Release No. 51808 (June 9, 2005), 70
FR 37496 (June 29, 2005).
E:\FR\FM\11MYN1.SGM
11MYN1
]]>Agencies
[Federal Register Volume 75, Number 90 (Tuesday, May 11, 2010)]
[Notices]
[Pages 26297-26298]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-11097]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension: Rule 248.30; SEC File No. 270-549; OMB Control No. 3235-
0610.
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'') has submitted to the Office of
Management and Budget a request for extension of the previously
approved collection of information discussed below.
Rule 248.30 (17 CFR 248.30) under Regulation S-P, is titled
``Procedures to Safeguard Customer Records and Information; Disposal of
Consumer Report Information.'' Rule 248.30 (the ``safeguard rule'')
requires brokers, dealers, investment companies, and investment
advisers registered with the Commission (``registered investment
advisers'') (collectively ``covered institutions'') to adopt written
policies and procedures for administrative, technical, and physical
safeguards to protect customer records and information. The safeguards
must be reasonably designed to ``insure the security and
confidentiality of customer records and information,'' ``protect
against any anticipated threats or hazards to the security and
integrity'' of those records, and protect against unauthorized access
to or use of those records or information, which ``could result in
substantial harm or inconvenience to any customer.'' The safeguard
rule's requirement that covered institutions' policies and procedures
be documented in writing constitutes a collection of information and
must be maintained on an ongoing basis. This requirement eliminates
uncertainty as to required employee actions to protect customer records
and information and promotes more systematic and organized reviews of
safeguard policies and procedures by institutions. The information
collection also assists the Commission's examination staff in assessing
the
[[Page 26298]]
existence and adequacy of covered institutions' safeguard policies and
procedures.
We estimate that as of the end of 2009, there are 5253 broker-
dealers, 4522 investment companies, and 11,450 investment advisers
currently registered with the Commission, for a total of 21,225 covered
institutions. We expect that all of these covered institutions have
already documented their safeguard policies and procedures in writing
and therefore will incur no hourly burdens related to the initial
documentation of policies and procedures.
However, we expect that approximately 10 percent of the 21,225
covered institutions currently registered with the Commission will
review and update their policies and procedures each year, for a total
of 2123 covered institutions that will spend time to update their
policies and procedures. The amount of time spent reviewing and
updating safeguard policies and procedures is likely to vary widely,
based on the size of the entity, the complexity of its operations, and
any significant changes in the security environment. We estimate that
it will take a typical covered institution that reviews and updates its
safeguard policies and procedures approximately 20 hours to complete
such a review and document the results, for a total hourly burden for
all institutions of 42,460 hours.
Although existing covered institutions would not incur any initial
hourly burden in complying with the safeguards rule, we expect that
newly registered institutions would incur some hourly burdens
associated with documenting their safeguard policies and procedures. We
estimate that approximately 1500 broker-dealers, investment companies,
or investment advisers register with the Commission annually. However,
we also expect that approximately 70% of these newly registered covered
institutions (1050) are affiliated with an existing covered
institution, and will rely on an organization-wide set of previously
documented safeguard policies and procedures created by their
affiliates. We estimate that these affiliated newly registered covered
institutions will incur a significantly reduced hourly burden in
complying with the safeguards rule, as they will need only to review
their affiliate's existing policies and procedures, and identify and
adopt the relevant policies for their business. Therefore, we expect
that newly registered covered institutions with existing affiliates
will incur an hourly burden of approximately 15 hours in identifying
and adopting safeguard policies and procedures for their business, for
a total hourly burden for all affiliated new institutions of 15,750
hours.
Finally, we expect that the 450 newly registered entities that are
not affiliated with an existing institution will incur a significantly
higher hourly burden in reviewing and documenting their safeguard
policies and procedures. We expect that virtually all of the newly
registered covered entities that do not have an affiliate are likely to
be small entities and are likely to have smaller and less complex
operations, with a correspondingly smaller set of safeguard policies
and procedures to document, compared to other larger existing
institutions with multiple affiliates. We estimate that it will take a
typical newly registered unaffiliated institution approximately 65
hours to review, identify, and document their safeguard policies and
procedures, for a total of 29,250 hours for all newly registered
unaffiliated entities.
Therefore, we estimate that the total annual hourly burden
associated with the safeguards rule is 87,460 hours. We also estimate
that all covered institutions will be respondents each year, for a
total of 21,225 respondents.
These estimates of average burden hours are made solely for the
purposes of the Paperwork Reduction Act. 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. The
safeguard rule does not require the reporting of any information or the
filing of any documents with the Commission. The collection of
information required by the safeguard rule is mandatory.
Please direct general comments regarding the above information to
the following persons: (i) Desk Officer for the Securities and Exchange
Commission, Office of Management and Budget, Room 10102, New Executive
Office Building, Washington, DC 20503 or send an e-mail to Shagufta
Ahmed at Shagufta_Ahmed@omb.eop.gov; and (ii) 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. Comments must be submitted to OMB within
30 days of this notice.
May 5, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-11097 Filed 5-10-10; 8:45 am]
BILLING CODE 8010-01-P
