Sunshine Act Meeting, 10578 [2012-4153]
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10578
Federal Register / Vol. 77, No. 35 / Wednesday, February 22, 2012 / Notices
3. Pursuant to 39 U.S.C. 505, James F.
Callow is appointed to serve as the
officer of the Commission (Public
Representative) to represent the
interests of the general public in this
proceeding.
4. The Secretary shall arrange for
publication of this order in the Federal
Register.
By the Commission.
Shoshana M. Grove,
Secretary.
[FR Doc. 2012–3984 Filed 2–21–12; 8:45 am]
BILLING CODE P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: U.S. Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
srobinson on DSK4SPTVN1PROD with NOTICES
Extension:
Rule 15c2–8; OMB Control No. 3235–0481;
SEC File No. 270–421.
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 15c2–8 (17 CFR
240.15c2–8). The Commission plans to
submit this existing collection of
information to the Office of
Management and Budget for extension
and approval—Rule 15c2–8 (17 CFR
240.15c2–8)—Delivery of Prospectus.
Rule 15c2–8 under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.) (‘‘Exchange Act’’) requires brokerdealers to deliver preliminary and/or
final prospectuses to certain people
under certain circumstances. In
connection with securities offerings
generally, including initial public
offerings (IPOs), the rule requires
broker-dealers to take reasonable steps
to distribute copies of the preliminary or
final prospectus to anyone who makes
a written request, as well as any brokerdealer who is expected to solicit
purchases of the security and who
makes a request. In connection with
IPOs, the rule requires a broker-dealer to
send a copy of the preliminary
prospectus to any person who is
expected to receive a confirmation of
sale (generally, this means any person
who is expected actually to purchase
the security in the offering) at least 48
hours prior to the sending of such
confirmation. This requirement is
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16:37 Feb 21, 2012
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sometimes referred to as the ‘‘48 hour
rule.’’
Additionally, managing underwriters
are required to take reasonable steps to
ensure that all broker-dealers
participating in the distribution of or
trading in the security have sufficient
copies of the preliminary or final
prospectus, as requested by them, to
enable such broker-dealer to satisfy their
respective prospectus delivery
obligations pursuant to Rule 15c2–8, as
well as Section 5 of the Securities Act
of 1933.
Rule 15c2–8 implicitly requires that
broker-dealers collect information, as
such; the collection facilitates
compliance with the rule. There is no
requirement to submit collected
information to the Commission. In order
to comply with the rule, broker-dealers
participating in a securities offering
must keep accurate records of persons
who have indicated interest in an IPO
or requested a prospectus, so that they
know to whom they must send a
prospectus.
The Commission estimates that
broker-dealers will spend a total of
74,010 hours complying with the
collection of information required by
the rule. The Commission estimates that
the total number of responses required
by the rule is 6,909. The Commission
estimates that the total annualized cost
burden (copying and postage costs) is
$15,014,400 ($12,300,000 for IPOs +
$2,714,400 for other offerings).
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 to be 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.
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
PO 00000
Frm 00107
Fmt 4703
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Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 6432 General Green Way,
Alexandria, Virginia 22312 or send an
email to: PRA_Mailbox@sec.gov.
Dated: February 15, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–4009 Filed 2–21–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold a Closed Meeting
on Thursday, February 23, 2012 at 3
p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the Closed Meeting. Certain
staff members who have an interest in
the matters also may be present.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
and 17 CFR 200.402(a)(3), (5), (7), 9(ii)
and (10), permit consideration of the
scheduled matters at the Closed
Meeting.
Commissioner Gallagher, as duty
officer, voted to consider the items
listed for the Closed Meeting in a closed
session.
The subject matter of the Closed
Meeting scheduled for Thursday,
February 23, 2012 will be:
Institution and settlement of injunctive
actions;
Institution and settlement of administrative
proceedings;
Adjudicatory matters; and
Other matters relating to enforcement
proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
For further information and to
ascertain what, if any, matters have been
added, deleted or postponed, please
contact: The Office of the Secretary at
(202) 551–5400.
Dated: February 16, 2012.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012–4153 Filed 2–17–12; 11:15 am]
BILLING CODE 8011–01–P
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[Federal Register Volume 77, Number 35 (Wednesday, February 22, 2012)]
[Notices]
[Page 10578]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-4153]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to the provisions of the
Government in the Sunshine Act, Public Law 94-409, that the Securities
and Exchange Commission will hold a Closed Meeting on Thursday,
February 23, 2012 at 3 p.m.
Commissioners, Counsel to the Commissioners, the Secretary to the
Commission, and recording secretaries will attend the Closed Meeting.
Certain staff members who have an interest in the matters also may be
present.
The General Counsel of the Commission, or his designee, has
certified that, in his opinion, one or more of the exemptions set forth
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR
200.402(a)(3), (5), (7), 9(ii) and (10), permit consideration of the
scheduled matters at the Closed Meeting.
Commissioner Gallagher, as duty officer, voted to consider the
items listed for the Closed Meeting in a closed session.
The subject matter of the Closed Meeting scheduled for Thursday,
February 23, 2012 will be:
Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings;
Adjudicatory matters; and
Other matters relating to enforcement proceedings.
At times, changes in Commission priorities require alterations in
the scheduling of meeting items.
For further information and to ascertain what, if any, matters have
been added, deleted or postponed, please contact: The Office of the
Secretary at (202) 551-5400.
Dated: February 16, 2012.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012-4153 Filed 2-17-12; 11:15 am]
BILLING CODE 8011-01-P
