Agency Information Collection Activities; Submission for OMB Review; Comment Request; Bank Collective Investment Funds Prohibited Transaction Class Exemption, 47119-47120 [2012-19176]
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Federal Register / Vol. 77, No. 152 / Tuesday, August 7, 2012 / Notices
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Collective
Investment Funds Conversion
Transactions Prohibited Transaction
Class Exemption
ACTION:
Notice.
The Department of Labor
(DOL) is submitting the Employee
Benefits Security Administration
(EBSA) sponsored information
collection request (ICR) titled,
‘‘Collective Investment Funds
Conversion Transactions Prohibited
Transaction Class Exemption,’’ to the
Office of Management and Budget
(OMB) for review and approval for
continued use in accordance with the
Paperwork Reduction Act (PRA) of 1995
(44 U.S.C. 3501 et seq.).
DATES: Submit comments on or before
September 6, 2012.
ADDRESSES: A copy of this ICR with
applicable supporting documentation;
including a description of the likely
respondents, proposed frequency of
response, and estimated total burden
may be obtained from the RegInfo.gov
Web site, https://www.reginfo.gov/
public/do/PRAMain, on the day
following publication of this notice or
by contacting Michel Smyth by
telephone at 202–693–4129 (this is not
a toll-free number) or sending an email
to DOL_PRA_PUBLIC@dol.gov.
Submit comments about this request
to the Office of Information and
Regulatory Affairs, Attn: OMB Desk
Officer for DOL–EBSA, Office of
Management and Budget, Room 10235,
725 17th Street NW., Washington, DC
20503, Telephone: 202–395–6929/Fax:
202–395–6881 (these are not toll-free
numbers), email:
OIRA_submission@omb.eop.gov.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Michel Smyth by telephone at 202–693–
4129 (this is not a toll-free number) or
by email at DOL_PRA_PUBLIC@dol.gov.
Authority: 44 U.S.C. 3507(a)(1)(D).
The
Collective Investment Funds Conversion
Transactions Prohibited Transaction
Class Exemption permits an employee
benefit plan to purchase shares of an
open-end registered investment
company in exchange for plan assets
transferred in-kind from a collective
investment fund maintained by a bank
or plan adviser, where the bank or plan
adviser is the investment adviser of the
investment company and a fiduciary of
mstockstill on DSK4VPTVN1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
VerDate Mar<15>2010
16:52 Aug 06, 2012
Jkt 226001
the plan, provided specified conditions
are met. The exemption requires that an
independent fiduciary receive advance
written notice of any covered
transaction, as well as specific written
information concerning the mutual
funds to be purchased. The independent
fiduciary must also provide written
advance approval of conversion
transactions and receive written
confirmation of each transaction, as well
as additional on-going disclosures as
defined in the exemption.
This information collection is subject
to the PRA. A Federal agency generally
cannot conduct or sponsor a collection
of information, and the public is
generally not required to respond to an
information collection, unless it is
approved by the OMB under the PRA
and displays a currently valid OMB
Control Number. In addition,
notwithstanding any other provisions of
law, no person shall generally be subject
to penalty for failing to comply with a
collection of information if the
collection of information does not
display a valid Control Number. See 5
CFR 1320.5(a) and 1320.6. The DOL
obtains OMB approval for this
information collection under Control
Number 1210–0104. The current
approval is scheduled to expire on
August 31, 2012; however, it should be
noted that existing information
collection requirements submitted to the
OMB receive a month-to-month
extension while they undergo review.
For additional information, see the
related notice published in the Federal
Register on April 5, 2012 (77 FR 20650).
Interested parties are encouraged to
send comments to the OMB, Office of
Information and Regulatory Affairs at
the address shown in the ADDRESSES
section within 30 days of publication of
this notice in the Federal Register. In
order to help ensure appropriate
consideration, comments should
mention OMB Control Number 1210–
0104. The OMB is particularly
interested in comments that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility;
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including through the
PO 00000
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Fmt 4703
Sfmt 4703
47119
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submission of
responses.
Agency: DOL–EBSA.
Title of Collection: Collective
Investment Funds Conversion
Transactions Prohibited Transaction
Class Exemption.
OMB Control Number: 1210–0104.
Affected Public: Private Sector—
Businesses or other for-profits.
Total Estimated Number of
Respondents: 50.
Total Estimated Number of
Responses: 105.
Total Estimated Annual Burden
Hours: 1,760.
Total Estimated Annual Other Costs
Burden: $356,000.
Dated: July 31, 2012.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2012–19175 Filed 8–6–12; 8:45 a.m.]
BILLING CODE 4510–29–P
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Bank
Collective Investment Funds
Prohibited Transaction Class
Exemption
ACTION:
Notice.
The Department of Labor
(DOL) is submitting the Employee
Benefits Security Administration
(EBSA) sponsored information
collection request (ICR) titled, ‘‘Bank
Collective Investment Funds Prohibited
Transaction Class Exemption,’’ to the
Office of Management and Budget
(OMB) for review and approval for
continued use in accordance with the
Paperwork Reduction Act (PRA) of 1995
(44 U.S.C. 3501 et seq.).
DATES: Submit comments on or before
September 6, 2012.
ADDRESSES: A copy of this ICR with
applicable supporting documentation;
including a description of the likely
respondents, proposed frequency of
response, and estimated total burden
may be obtained from the RegInfo.gov
Web site, https://www.reginfo.gov/
public/do/PRAMain, on the day
following publication of this notice or
by contacting Michel Smyth by
telephone at 202–693–4129 (this is not
a toll-free number) or sending an email
to DOL_PRA_PUBLIC@dol.gov.
SUMMARY:
E:\FR\FM\07AUN1.SGM
07AUN1
47120
Federal Register / Vol. 77, No. 152 / Tuesday, August 7, 2012 / Notices
Submit comments about this request
to the Office of Information and
Regulatory Affairs, Attn: OMB Desk
Officer for DOL–EBSA, Office of
Management and Budget, Room 10235,
725 17th Street, NW., Washington, DC
20503, Telephone: 202–395–6929/Fax:
202–395–6881 (these are not toll-free
numbers), email:
OIRA_submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT:
Michel Smyth by telephone at 202–693–
4129 (this is not a toll-free number) or
by email at DOL_PRA_PUBLIC@dol.gov.
Authority: 44 U.S.C. 3507(a)(1)(D).
The Bank
Collective Investment Funds Prohibited
Transaction Class Exemption exempts
from the prohibited transaction
provisions of the Employee Retirement
Income Security Act of 1974 certain
transactions between a bank collective
investment fund and parties in interest
to a plan, provided that the plan’s
participation in the collective
investment fund does not exceed a
specified percentage of the total assets
in the collective investment fund and
that the bank maintains and makes
available certain records.
This information collection is subject
to the PRA. A Federal agency generally
cannot conduct or sponsor a collection
of information, and the public is
generally not required to respond to an
information collection, unless it is
approved by the OMB under the PRA
and displays a currently valid OMB
Control Number. In addition,
notwithstanding any other provisions of
law, no person shall generally be subject
to penalty for failing to comply with a
collection of information if the
collection of information does not
display a valid Control Number. See 5
CFR 1320.5(a) and 1320.6. The DOL
obtains OMB approval for this
information collection under Control
Number 1210–0082. The current
approval is scheduled to expire on
August 31, 2012; however, it should be
noted that existing information
collection requirements submitted to the
OMB receive a month-to-month
extension while they undergo review.
For additional information, see the
related notice published in the Federal
Register on April 5, 2012 (77 FR 20650).
Interested parties are encouraged to
send comments to the OMB, Office of
Information and Regulatory Affairs at
the address shown in the ADDRESSES
section within 30 days of publication of
this notice in the Federal Register. In
order to help ensure appropriate
consideration, comments should
mention OMB Control Number 1210–
mstockstill on DSK4VPTVN1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
VerDate Mar<15>2010
16:52 Aug 06, 2012
Jkt 226001
0082. The OMB is particularly
interested in comments that:
• Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility;
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submission of
responses.
Agency: DOL–EBSA.
Title of Collection: Bank Collective
Investment Funds Prohibited
Transaction Class Exemption.
OMB Control Number: 1210–0082.
Affected Public: Private Sector—
Businesses or other for-profits and notfor-profit institutions.
Total Estimated Number of
Respondents: 4,200.
Total Estimated Number of
Responses: 4,200.
Total Estimated Annual Burden
Hours: 700.
Total Estimated Annual Other Costs
Burden: $0.
Dated: July 31, 2012.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2012–19176 Filed 8–6–12; 8:45 a.m.]
BILLING CODE 4510–29–P
LIBRARY OF CONGRESS
Copyright Royalty Board
[Docket No. 2012–3 CRB DD 2011]
Distribution of 2011 DART Sound
Recordings Fund Royalties
Copyright Royalty Board,
Library of Congress.
ACTION: Notice soliciting comments on
motion for partial distribution.
AGENCY:
The Copyright Royalty Judges
solicit comments on a motion for partial
distribution in connection with 2011
DART Sound Recordings Fund
royalties.
SUMMARY:
Comments are due on or before
September 6, 2012.
DATES:
PO 00000
Frm 00093
Fmt 4703
Sfmt 4703
Comments may be sent
electronically to crb@loc.gov. In the
alternative, send an original, five copies,
and an electronic copy on a CD either
by mail or hand delivery. Please do not
use multiple means of transmission.
Comments may not be delivered by an
overnight delivery service other than the
U.S. Postal Service Express Mail. If by
mail (including overnight delivery),
comments must be addressed to:
Copyright Royalty Board, P.O. Box
70977, Washington, DC 20024–0977. If
hand delivered by a private party,
comments must be brought to the
Library of Congress, James Madison
Memorial Building, LM–401, 101
Independence Avenue SE., Washington,
DC 20559–6000. If delivered by a
commercial courier, comments must be
delivered to the Congressional Courier
Acceptance Site located at 2nd and D
Street NE., Washington, DC. The
envelope must be addressed to:
Copyright Royalty Board, Library of
Congress, James Madison Memorial
Building, LM–403, 101 Independence
Avenue SE., Washington, DC 20559–
6000.
FOR FURTHER INFORMATION CONTACT:
LaKeshia Keys, Program Specialist, by
telephone at (202) 707–7658 or email at
crb@loc.gov.
SUPPLEMENTARY INFORMATION: On July
11, 2012, the Alliance of Artists and
Recording Companies (‘‘AARC’’), on
behalf of itself and claimants with
which it has reached settlements (the
‘‘Settling Claimants’’) filed with the
Judges a Notice of Settlement and
Request for Partial Distribution of the
2011 DART Sound Recordings Fund
Featured Recording Artists and
Copyright Owners Subfunds Royalties
(‘‘Notice and Request’’). In the Notice
and Request, AARC states that the
Settling Claimants have reached a
settlement among themselves
concerning distribution of the 2011
DART Sound Recordings Fund
Royalties. With respect to the Featured
Recording Artists Subfund, AARC
represents that it has reached
settlements with all but two claimants
for that subfund and that the nonsettling
claimants have sales totaling 2,517 in a
universe of over one billion claimants’
sound recordings sold in 2011. Notice
and Request at 3. With respect to the
Copyright Owners Subfund, AARC
represents that it has reached
settlements with all but five claimants.
AARC represents that the nonsettling
claimants have combined sales of 2,531
in a universe of over one billion
claimants’ record sales in 2011. Id.
AARC requests a partial distribution of
98% from each of the subfunds
ADDRESSES:
E:\FR\FM\07AUN1.SGM
07AUN1
]]>Agencies
[Federal Register Volume 77, Number 152 (Tuesday, August 7, 2012)]
[Notices]
[Pages 47119-47120]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-19176]
-----------------------------------------------------------------------
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Bank Collective Investment Funds Prohibited
Transaction Class Exemption
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of Labor (DOL) is submitting the Employee
Benefits Security Administration (EBSA) sponsored information
collection request (ICR) titled, ``Bank Collective Investment Funds
Prohibited Transaction Class Exemption,'' to the Office of Management
and Budget (OMB) for review and approval for continued use in
accordance with the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C.
3501 et seq.).
DATES: Submit comments on or before September 6, 2012.
ADDRESSES: A copy of this ICR with applicable supporting documentation;
including a description of the likely respondents, proposed frequency
of response, and estimated total burden may be obtained from the
RegInfo.gov Web site, https://www.reginfo.gov/public/do/PRAMain, on the
day following publication of this notice or by contacting Michel Smyth
by telephone at 202-693-4129 (this is not a toll-free number) or
sending an email to DOL_PRA_PUBLIC@dol.gov.
[[Page 47120]]
Submit comments about this request to the Office of Information and
Regulatory Affairs, Attn: OMB Desk Officer for DOL-EBSA, Office of
Management and Budget, Room 10235, 725 17th Street, NW., Washington, DC
20503, Telephone: 202-395-6929/Fax: 202-395-6881 (these are not toll-
free numbers), email: OIRA_submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT: Michel Smyth by telephone at 202-693-
4129 (this is not a toll-free number) or by email at DOL_PRA_PUBLIC@dol.gov.
Authority: 44 U.S.C. 3507(a)(1)(D).
SUPPLEMENTARY INFORMATION: The Bank Collective Investment Funds
Prohibited Transaction Class Exemption exempts from the prohibited
transaction provisions of the Employee Retirement Income Security Act
of 1974 certain transactions between a bank collective investment fund
and parties in interest to a plan, provided that the plan's
participation in the collective investment fund does not exceed a
specified percentage of the total assets in the collective investment
fund and that the bank maintains and makes available certain records.
This information collection is subject to the PRA. A Federal agency
generally cannot conduct or sponsor a collection of information, and
the public is generally not required to respond to an information
collection, unless it is approved by the OMB under the PRA and displays
a currently valid OMB Control Number. In addition, notwithstanding any
other provisions of law, no person shall generally be subject to
penalty for failing to comply with a collection of information if the
collection of information does not display a valid Control Number. See
5 CFR 1320.5(a) and 1320.6. The DOL obtains OMB approval for this
information collection under Control Number 1210-0082. The current
approval is scheduled to expire on August 31, 2012; however, it should
be noted that existing information collection requirements submitted to
the OMB receive a month-to-month extension while they undergo review.
For additional information, see the related notice published in the
Federal Register on April 5, 2012 (77 FR 20650).
Interested parties are encouraged to send comments to the OMB,
Office of Information and Regulatory Affairs at the address shown in
the ADDRESSES section within 30 days of publication of this notice in
the Federal Register. In order to help ensure appropriate
consideration, comments should mention OMB Control Number 1210-0082.
The OMB is particularly interested in comments that:
Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility;
Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used;
Enhance the quality, utility, and clarity of the
information to be collected; and
Minimize the burden of the collection of information on
those who are to respond, including through the use of appropriate
automated, electronic, mechanical, or other technological collection
techniques or other forms of information technology, e.g., permitting
electronic submission of responses.
Agency: DOL-EBSA.
Title of Collection: Bank Collective Investment Funds Prohibited
Transaction Class Exemption.
OMB Control Number: 1210-0082.
Affected Public: Private Sector--Businesses or other for-profits
and not-for-profit institutions.
Total Estimated Number of Respondents: 4,200.
Total Estimated Number of Responses: 4,200.
Total Estimated Annual Burden Hours: 700.
Total Estimated Annual Other Costs Burden: $0.
Dated: July 31, 2012.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2012-19176 Filed 8-6-12; 8:45 a.m.]
BILLING CODE 4510-29-P
