Proposed Collection; Comment Request, 60565 [2011-25077]
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Federal Register / Vol. 76, No. 189 / Thursday, September 29, 2011 / Notices
and Director, Office of Science and
Technology Policy, Executive Office of
the President, The White House; and Dr.
Eric S. Lander, President, Broad
Institute of the Massachusetts Institute
of Technology and Harvard.
Meeting Accomodations: Individuals
requiring special accommodation to
access this public meeting should e-mail
amp@ostp.gov at least ten business days
prior to the meeting so that appropriate
arrangements can be made.
Ted Wackler,
Deputy Chief of Staff.
[FR Doc. 2011–25000 Filed 9–28–11; 8:45 am]
BILLING CODE P
SECURITIES AND EXCHANGE
COMMISSION
tkelley on DSKG8SOYB1PROD with NOTICES
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 15c2–1; SEC File No. 270–418;
OMB Control No. 3235–0485.
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’’) is soliciting comments
on the existing collection of information
provided for in Rule 15c2–1, (17 CFR
240.15c2–1), under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.). The Commission plans to submit
this existing collection of information to
the Office of Management and Budget
for extension and approval.
Rule 15c2–1 prohibits the
commingling under the same lien of
securities of margin customers (a) with
other customers without their written
consent and (b) with the broker or
dealer. The rule also prohibits the
rehypothecation of customers’ margin
securities for a sum in excess of the
customer’s aggregate indebtedness.
Pursuant to Rule 15c2–1, respondents
must collect information necessary to
prevent the rehypothecation of customer
securities in contravention of the rule,
issue and retain copies of notices of
hypothecation of customer securities in
accordance with the rule, and collect
written consents from customers in
accordance with the rule. The
information is necessary to ensure
compliance with the rule, and to advise
customers of the rule’s protections.
There are approximately 102
respondents (i.e., broker-dealers that
VerDate Mar<15>2010
15:29 Sep 28, 2011
Jkt 223001
carry or clear customer accounts that
also have bank loans) that require an
aggregate total of 2,295 hours to comply
with the rule. Each of these
approximately 102 registered brokerdealers makes an estimated 45 annual
responses. Each response takes
approximately 0.5 hours to complete.
Thus, the total compliance burden per
year is 2,295 burden hours.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
(b) the accuracy of the Commission’s
estimates of the burden of the proposed
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information on respondents; 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.
The Commission may not conduct or
sponsor a collection of information
unless it displays a currently valid
control number. No person shall be
subject to any penalty for failing to
comply with a collection of information
subject to the PRA that does not display
a valid Office of Management and
Budget (OMB) control number.
Please direct your written comments
to: Thomas Bayer, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 6432 General Green Way,
Alexandria, Virginia 22312 or send an
e-mail to: PRA_Mailbox@sec.gov.
Dated: September 23, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011–25077 Filed 9–28–11; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copy Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Form N–PX, SEC File No. 270–524,
OMB Control No. 3235–0582.
PO 00000
Frm 00119
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60565
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.
The title for the collection of
information is ‘‘Form N–PX (17 CFR
274.129) under the Investment
Company Act of 1940, Annual Report of
Proxy Voting Record.’’ Rule 30b1–4 (17
CFR 270.30b1–4) under the Investment
Company Act of 1940 (15 U.S.C. 80a–1
et seq.) requires every registered
management investment company, other
than a small business investment
company registered on Form N–5
(‘‘Funds’’), to file Form N–PX not later
than August 31 of each year. Funds use
Form N–PX to file annual reports with
the Commission containing their
complete proxy voting record for the
most recent twelve-month period ended
June 30.
The Commission estimates that there
are approximately 2,500 Funds
registered with the Commission,
representing approximately 10,000
Fund portfolios, which are required to
file Form N–PX.1 The 10,000 portfolios
are comprised of 6,200 portfolios
holding equity securities and 3,800
portfolios holding no equity securities.
The staff estimates that portfolios
holding no equity securities require
approximately a 0.17 hour burden per
response and those holding equity
securities require 7.2 hours per
response. The overall estimated annual
burden is therefore approximately
45,300 hours ((6,200 responses × 7.2
hours per response for equity holding
portfolios) + (3,800 responses × 0.17
hours per response for non-equity
holding portfolios)). Based on the
estimated wage rate, the total cost to the
industry of the hour burden for
complying with Form N–PX would be
approximately $14.5 million.
The Commission also estimates that
portfolios holding equity securities will
bear an external cost burden of $1,000
per portfolio to prepare and update
Form N–PX. Based on this estimate, the
1 The estimate of 2,500 Funds is based on the
number of management investment companies
currently registered with the Commission. We
estimate, based on data from the Investment
Company Institute and other sources, that there are
approximately 5,700 Fund portfolios that invest
primarily in equity securities, 500 ‘‘hybrid’’ or bond
portfolios that may hold some equity securities,
3,200 bond Funds that hold no equity securities,
and 600 money market Funds, for a total of 10,000
portfolios required to file Form N–PX.
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29SEN1
]]>Agencies
[Federal Register Volume 76, Number 189 (Thursday, September 29, 2011)]
[Notices]
[Page 60565]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-25077]
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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 15c2-1; SEC File No. 270-418; OMB Control No. 3235-0485.
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'') is soliciting comments on the existing
collection of information provided for in Rule 15c2-1, (17 CFR
240.15c2-1), under the Securities Exchange Act of 1934 (15 U.S.C. 78a
et seq.). The Commission plans to submit this existing collection of
information to the Office of Management and Budget for extension and
approval.
Rule 15c2-1 prohibits the commingling under the same lien of
securities of margin customers (a) with other customers without their
written consent and (b) with the broker or dealer. The rule also
prohibits the rehypothecation of customers' margin securities for a sum
in excess of the customer's aggregate indebtedness. Pursuant to Rule
15c2-1, respondents must collect information necessary to prevent the
rehypothecation of customer securities in contravention of the rule,
issue and retain copies of notices of hypothecation of customer
securities in accordance with the rule, and collect written consents
from customers in accordance with the rule. The information is
necessary to ensure compliance with the rule, and to advise customers
of the rule's protections.
There are approximately 102 respondents (i.e., broker-dealers that
carry or clear customer accounts that also have bank loans) that
require an aggregate total of 2,295 hours to comply with the rule. Each
of these approximately 102 registered broker-dealers makes an estimated
45 annual responses. Each response takes approximately 0.5 hours to
complete. Thus, the total compliance burden per year is 2,295 burden
hours.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates of the burden of the proposed collection of information; (c)
ways to enhance the quality, utility, and clarity of the information on
respondents; 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.
The Commission may not conduct or sponsor a collection of
information unless it displays a currently valid control number. No
person shall be subject to any penalty for failing to comply with a
collection of information subject to the PRA that does not display a
valid Office of Management and Budget (OMB) control number.
Please direct your written comments to: Thomas Bayer, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 6432 General Green Way, Alexandria, Virginia 22312 or
send an e-mail to: PRA_Mailbox@sec.gov.
Dated: September 23, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-25077 Filed 9-28-11; 8:45 am]
BILLING CODE 8011-01-P
