Submission for OMB Review; Comment Request, 5843 [2011-2229]

Download as PDF Federal Register / Vol. 76, No. 22 / Wednesday, February 2, 2011 / Notices Such statement must be typewritten, double-spaced, and may not exceed twenty-five (25) pages. Upon receipt of the required notice, OPIC will prepare an agenda, which will be available at the hearing, that identifies speakers, the subject on which each participant will speak, and the time allotted for each presentation. A written summary of the hearing will be compiled, and such summary will be made available, upon written request to OPIC’s Corporate Secretary, at the cost of reproduction. Written summaries of the projects to be presented at the September 23, 2010 Board meeting will be posted on OPIC’s Web site on or about Thursday, August 19, 2010. CONTACT PERSON FOR INFORMATION: Information on the hearing may be obtained from Connie M. Downs at (202) 336–8438, via facsimile at (202) 218– 0136, or via e-mail at connie.downs@opic.gov. Dated: January 28, 2011. Connie M. Downs, OPIC Corporate Secretary. [FR Doc. 2011–2312 Filed 1–28–11; 4:15 pm] BILLING CODE 3210–01–P SECURITIES AND EXCHANGE COMMISSION srobinson on DSKHWCL6B1PROD with NOTICES 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 701; OMB Control No. 3235– 0522; SEC File No. 270–306. 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 the request for extension of the previously approved collection of information discussed below. Rule 701 (17 CFR 230.701) under the Securities Act of 1933 (‘‘Securities Act’’) (15 U.S.C. 77a et seq.) provides an exemption for certain issuers from the registration requirements of the Securities Act for limited offerings and sales of securities issued under compensatory benefit plans or contracts. The purpose of Rule 701 is to ensure that a basic level of information is available to employees and others when substantial amounts of securities are issued in compensatory arrangements. VerDate Mar<15>2010 16:00 Feb 01, 2011 Jkt 223001 Information provided under Rule 701 is mandatory. Approximately 300 companies annually rely on the Rule 701 exemption and it takes 2 hours per response. We estimate that 25% of the 2 hours per response (0.5 hours) is prepared by the company for a total annual reporting burden of 150 hours (0.5 hours per response × 300 responses). 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. Background documentation for this information collection may be viewed at the following link, https:// www.reginfo.gov. Written comments 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 send an e-mail to: Shagufta_Ahmed@omb.eop.gov; Thomas Bayer, Chief Information Officer, Securities and Exchange Commission, C/O Remi Pavlik-Simon, 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. Dated: January 27, 2011. Elizabeth M. Murphy, Secretary. [FR Doc. 2011–2229 Filed 2–1–11; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–63775; File No. SR–DTC– 2011–01] Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Order Granting Accelerated Approval of Proposed Rule Change To Amend the Dividends Service Guide January 26, 2011. 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 January 13, 2011, The Depository Trust Company (‘‘DTC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared 1 15 2 17 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00066 Fmt 4703 5843 primarily by DTC.3 The Commission is publishing this Notice and Order to solicit comments on the proposed rule change from interested persons and to approve the proposed rule change on an accelerated basis. I. Self-Regulatory Organization’s Statement of the Terms of the Substance of the Proposed Rule Change DTC proposes to amend its Dividends Service Guide (‘‘Guide’’) to: (1) clarify DTC’s policy of payment allocations; (2) begin allocation of funds from agents received with corresponding CUSIPlevel identification information at 8:20 a.m.; and (3) make other conforming changes. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, DTC 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 III below. DTC has prepared summaries, set forth in sections (A), (B), and (C) below, of the most significant aspects of these statements.4 (A) Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change One of core asset services provided by the DTC is the daily collection and allocation of cash entitlements due on DTC-eligible securities. These entitlements, known as Principal and Income (‘‘P&I’’) payments, include dividend, interest, periodic principal, redemption, and maturity payments arising from the 3.5 million securities eligible at DTC. Many paying agents service more than one issue and typically wire to DTC a single ‘‘bulk’’ payment to be allocated to numerous issues or different types of payments for a single issue. Paying agents are required to provide with bulk payments an automated file that provides corresponding Committee on Uniform Security Identification Procedures (‘‘CUSIP’’) level identification information about the wire payment.5 CUSIP-level detail 3 The text of the proposed rule change is attached as Exhibit 5 to DTC’s filing, which is available at https://www.dtcc.com/downloads/legal/rule_filings/ 2011/dtc/2011-01.pdf. 4 The Commission has modified the text of the summaries prepared by DTC. 5 All paying agents are required to sign DTC’s Operational Arrangements (‘‘OA’’) letter agreeing to Continued Sfmt 4703 E:\FR\FM\02FEN1.SGM 02FEN1

Agencies

[Federal Register Volume 76, Number 22 (Wednesday, February 2, 2011)]
[Notices]
[Page 5843]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-2229]


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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 701; OMB Control No. 3235-0522; SEC File No. 270-306.

    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 the request for extension of the previously approved 
collection of information discussed below.
    Rule 701 (17 CFR 230.701) under the Securities Act of 1933 
(``Securities Act'') (15 U.S.C. 77a et seq.) provides an exemption for 
certain issuers from the registration requirements of the Securities 
Act for limited offerings and sales of securities issued under 
compensatory benefit plans or contracts. The purpose of Rule 701 is to 
ensure that a basic level of information is available to employees and 
others when substantial amounts of securities are issued in 
compensatory arrangements. Information provided under Rule 701 is 
mandatory. Approximately 300 companies annually rely on the Rule 701 
exemption and it takes 2 hours per response. We estimate that 25% of 
the 2 hours per response (0.5 hours) is prepared by the company for a 
total annual reporting burden of 150 hours (0.5 hours per response x 
300 responses).
    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.
    Background documentation for this information collection may be 
viewed at the following link, https://www.reginfo.gov. Written comments 
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 send an e-mail to: 
Shagufta_Ahmed@omb.eop.gov; Thomas Bayer, Chief Information Officer, 
Securities and Exchange Commission, C/O Remi Pavlik-Simon, 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.

    Dated: January 27, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-2229 Filed 2-1-11; 8:45 am]
BILLING CODE 8011-01-P
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