Proposed Collection; Comment Request, 52074-52075 [2012-21115]

Download as PDF 52074 Federal Register / Vol. 77, No. 167 / Tuesday, August 28, 2012 / Notices NRC EXPORT LICENSE APPLICATION Name of applicant, date of application, date received, application No., Docket No., Description of material Material type Total quantity Perma-Fix Northwest. Inc., Class A radioactive waste inJuly 27, 2012, July 31, cluding various materials 2012, XW012/02, 11005699. (e.g., wood, metal, paper, cloth, concrete, rubber, plastic, liquids, aqueous-organic fluids, animal carcasses, and human-animal waste) contaminated with radionuclides during licensed activities; e.g., routine operations, maintenance, equipment use, decontamination, remediation, and decommissioning Up to a maximum total of 5,500 tons or about 1,000 tons metal, 4,000 tons dry activity material, and 500 tons liquid, contaminated with various radionuclides in varying combinations. Activity levels will not exceed licensee possession limits, and materials will be handled in accordance with all U.S. federal and state regulations End use Non-conforming materials and/or radioactive waste that is attributed to Canadian suppliers, will be returned per appropriate NRC export license (Ref. IW022), and will not remain in the U.S. Country of destination Canada. Amend to: (1) extend expiration date from August 30, 2012 to September 30,2017; (2) change the name of Zircatec Precision Industries, Inc., to Cameco Fuel Manufacturing; and (3) add two Ultimate Foreign Consignee(s)’ which are both subsidiaries of Cameco in Canada. Dated this 17th day of August 2012 at Rockville, Maryland. For the Nuclear Regulatory Commission. SW., Washington, DC 20260–1000. Telephone (202) 268–4800. Julie S. Moore, Secretary. Mark R. Shaffer, Deputy Director, Office of International Programs. [FR Doc. 2012–21346 Filed 8–24–12; 4:15 pm] BILLING CODE 7710–12–P [FR Doc. 2012–21198 Filed 8–27–12; 8:45 am] BILLING CODE 7590–01–P POSTAL SERVICE SECURITIES AND EXCHANGE COMMISSION Board of Governors; Sunshine Act Meeting Proposed Collection; Comment Request Thursday, September 13, 2012, at 10:00 a.m. PLACE: Washington, DC, at U.S. Postal Service Headquarters, 475 L’Enfant Plaza SW., in the Benjamin Franklin Room. STATUS: Closed. MATTERS TO BE CONSIDERED: Thursday, September 13, at 10:00 a.m. (Closed). 1. Strategic Issues. 2. Financial Matters. 3. Pricing. 4. Personnel Matters and Compensation Issues. 5. Governors’ Executive Session— Discussion of prior agenda items and Board Governance. srobinson on DSK4SPTVN1PROD with NOTICES DATES AND TIMES: CONTACT PERSON FOR MORE INFORMATION: Julie S. Moore, Secretary of the Board, U.S. Postal Service, 475 L’Enfant Plaza VerDate Mar<15>2010 18:32 Aug 27, 2012 Jkt 226001 Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213 Extension: Rule 206(4)–2; SEC File No. 270–217; OMB Control No. 3235–0241. 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 collection of information summarized below. The Commission plans to submit this collection of information to the Office of Management and Budget (‘‘OMB’’) for extension and approval. Rule 206(4)–2 (17 CFR 275.206(4)–2) under the Investment Advisers Act of 1940 (15 U.S.C. 80b–1 et seq.) governs the custody of funds or securities of clients by Commissionregistered investment advisers. Rule 206(4)– 2 requires each registered investment adviser PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 that has custody of client funds or securities to maintain those client funds or securities with a broker-dealer, bank or other ‘‘qualified custodian.’’ 1 The rule requires the adviser to promptly notify clients as to the place and manner of custody, after opening an account for the client and following any changes.2 If an adviser sends account statements to its clients, it must insert a legend in the notice and in subsequent account statements sent to those clients urging them to compare the account statements from the custodian with those from the adviser.3 The adviser also must have a reasonable basis, after due inquiry, for believing that the qualified custodian maintaining client funds and securities sends account statements directly to the advisory clients, and undergo an annual surprise examination by an independent public accountant to verify client assets pursuant to a written agreement with the accountant that specifies certain duties.4 Unless client assets are maintained by an independent custodian (i.e., a custodian that is not the adviser itself or a related person), the adviser also is required to obtain or receive a report of the internal controls relating to the custody of those assets from an independent public accountant that is registered with and subject to regular inspection by the Public Company Accounting Oversight Board (‘‘PCAOB’’).5 The rule exempts advisers from the rule with respect to clients that are registered investment companies. Advisers to limited 1 Rule 206(4)–2(a)(1). 206(4)–2(a)(2). 3 Rule 206(4)–2(a)(2). 4 Rule 206(4)–2(a)(3), (4). 5 Rule 206(4)–2(a)(6). 2 Rule E:\FR\FM\28AUN1.SGM 28AUN1 srobinson on DSK4SPTVN1PROD with NOTICES Federal Register / Vol. 77, No. 167 / Tuesday, August 28, 2012 / Notices partnerships, limited liability companies and other pooled investment vehicles are excepted from the account statement delivery and deemed to comply with the annual surprise examination requirement if the limited partnerships, limited liability companies or pooled investment vehicles are subject to annual audit by an independent public accountant registered with, and subject to regular inspection by the PCAOB, and the audited financial statements are distributed to investors in the pools.6 The rule also provides an exception to the surprise examination requirement for advisers that have custody because they have authority to deduct advisory fees from client accounts and advisers that have custody solely because a related person holds the adviser’s client assets and the related person is operationally independent of the adviser.7 Advisory clients use this information to confirm proper handling of their accounts. The Commission’s staff uses the information obtained through this collection in its enforcement, regulatory and examination programs. Without the information collected under the rule, the Commission would be less efficient and effective in its programs and clients would not have information valuable for monitoring an adviser’s handling of their accounts. The respondents to this information collection are investment advisers registered with the Commission and have custody of clients’ funds or securities. We estimate that 4,763 advisers would be subject to the information collection burden under rule 206(4)–2. The number of responses under rule 206(4)–2 will vary considerably depending on the number of clients for which an adviser has custody of funds or securities, and the number of investors in pooled investment vehicles that the adviser manages. It is estimated that the average number of responses annually for each respondent would be 6,830, and an average time of 0.01593hour per response. The annual aggregate burden for all respondents to the requirements of rule 206(4)–2 is estimated to be 518,275 hours. The estimated average burden hours are made solely for purposes of the Paperwork Reduction Act and are not derived from a comprehensive or even representative survey or study of the cost of Commission rules and forms. Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate 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. 6 Rule 7 Rule 206(4)–2(b)(4). 206(4)–2(b)(3), (b)(6). VerDate Mar<15>2010 16:39 Aug 27, 2012 Jkt 226001 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, VA 22312; or send an email to: PRA_Mailbox@sec.gov. Dated: August 22, 2012. Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2012–21115 Filed 8–27–12; 8:45 am] BILLING CODE 8011–01–P 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 17Ad–11; SEC File No. 270–261; OMB Control No. 3235–0274. Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) (‘‘PRA’’), the Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the existing collection of information provided for in Rule 17Ad–11 (17 CFR 240.17Ad–11) 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 (‘‘OMB’’) for extension and approval. Rule 17Ad–11 requires all registered transfer agents to report to issuers and the appropriate regulatory agency in the event that aged record differences exceed certain dollar value thresholds. An aged record difference occurs when an issuer’s records do not agree with those of security holders as indicated, for instance, on certificates presented to the transfer agent for purchase, redemption or transfer. In addition, the rule requires transfer agents to report to the appropriate regulatory agency in the event of a failure to post certificate detail to the master security holder file within five business days of the time required by Rule 17Ad–10 (17 CFR 240.10). Also, transfer agents must maintain a copy of each report prepared under Rule 17Ad–11 for a period of three years following the date of the report. These recordkeeping requirements assist the Commission and other regulatory agencies with monitoring transfer agents and ensuring compliance with the rule. Because the information required by Rule 17Ad–11 is already available to transfer agents, any collection burden PO 00000 Frm 00111 Fmt 4703 Sfmt 9990 52075 for small transfer agents is minimal. Based on a review of the number of Rule 17Ad–11 reports the Commission, the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation received since 2009, the Commission estimates that 10 respondents will file a total of approximately 12 reports annually. The Commission staff estimates that, on the average, each report requires approximately one-half hour to prepare. Therefore, the Commission staff estimates that the total annual hourly burden to the entire transfer agent industry is approximately six hours (30 minutes multiplied by 12 reports). Assuming an average hourly rate of a transfer agent staff employee of $25, the average total internal cost of the report is $12.50. The total annual internal cost of compliance for the approximate 10 respondents is approximately $150.00 (12 reports × $12.50). 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 OMB 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 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, VA 22312 or send an email to: PRA_Mailbox@sec.gov. Dated: August 22, 2012. Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2012–21112 Filed 8–27–12; 8:45 am] BILLING CODE 8011–01–P E:\FR\FM\28AUN1.SGM 28AUN1

Agencies

[Federal Register Volume 77, Number 167 (Tuesday, August 28, 2012)]
[Notices]
[Pages 52074-52075]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-21115]


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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 206(4)-2; SEC File No. 270-217; OMB Control No. 3235-0241.

    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 collection 
of information summarized below. The Commission plans to submit this 
collection of information to the Office of Management and Budget 
(``OMB'') for extension and approval.
    Rule 206(4)-2 (17 CFR 275.206(4)-2) under the Investment 
Advisers Act of 1940 (15 U.S.C. 80b-1 et seq.) governs the custody 
of funds or securities of clients by Commission-registered 
investment advisers. Rule 206(4)-2 requires each registered 
investment adviser that has custody of client funds or securities to 
maintain those client funds or securities with a broker-dealer, bank 
or other ``qualified custodian.'' \1\ The rule requires the adviser 
to promptly notify clients as to the place and manner of custody, 
after opening an account for the client and following any 
changes.\2\ If an adviser sends account statements to its clients, 
it must insert a legend in the notice and in subsequent account 
statements sent to those clients urging them to compare the account 
statements from the custodian with those from the adviser.\3\ The 
adviser also must have a reasonable basis, after due inquiry, for 
believing that the qualified custodian maintaining client funds and 
securities sends account statements directly to the advisory 
clients, and undergo an annual surprise examination by an 
independent public accountant to verify client assets pursuant to a 
written agreement with the accountant that specifies certain 
duties.\4\ Unless client assets are maintained by an independent 
custodian (i.e., a custodian that is not the adviser itself or a 
related person), the adviser also is required to obtain or receive a 
report of the internal controls relating to the custody of those 
assets from an independent public accountant that is registered with 
and subject to regular inspection by the Public Company Accounting 
Oversight Board (``PCAOB'').\5\
---------------------------------------------------------------------------

    \1\ Rule 206(4)-2(a)(1).
    \2\ Rule 206(4)-2(a)(2).
    \3\ Rule 206(4)-2(a)(2).
    \4\ Rule 206(4)-2(a)(3), (4).
    \5\ Rule 206(4)-2(a)(6).
---------------------------------------------------------------------------

    The rule exempts advisers from the rule with respect to clients 
that are registered investment companies. Advisers to limited

[[Page 52075]]

partnerships, limited liability companies and other pooled 
investment vehicles are excepted from the account statement delivery 
and deemed to comply with the annual surprise examination 
requirement if the limited partnerships, limited liability companies 
or pooled investment vehicles are subject to annual audit by an 
independent public accountant registered with, and subject to 
regular inspection by the PCAOB, and the audited financial 
statements are distributed to investors in the pools.\6\ The rule 
also provides an exception to the surprise examination requirement 
for advisers that have custody because they have authority to deduct 
advisory fees from client accounts and advisers that have custody 
solely because a related person holds the adviser's client assets 
and the related person is operationally independent of the 
adviser.\7\
---------------------------------------------------------------------------

    \6\ Rule 206(4)-2(b)(4).
    \7\ Rule 206(4)-2(b)(3), (b)(6).
---------------------------------------------------------------------------

    Advisory clients use this information to confirm proper handling 
of their accounts. The Commission's staff uses the information 
obtained through this collection in its enforcement, regulatory and 
examination programs. Without the information collected under the 
rule, the Commission would be less efficient and effective in its 
programs and clients would not have information valuable for 
monitoring an adviser's handling of their accounts.
    The respondents to this information collection are investment 
advisers registered with the Commission and have custody of clients' 
funds or securities. We estimate that 4,763 advisers would be 
subject to the information collection burden under rule 206(4)-2. 
The number of responses under rule 206(4)-2 will vary considerably 
depending on the number of clients for which an adviser has custody 
of funds or securities, and the number of investors in pooled 
investment vehicles that the adviser manages. It is estimated that 
the average number of responses annually for each respondent would 
be 6,830, and an average time of 0.01593hour per response. The 
annual aggregate burden for all respondents to the requirements of 
rule 206(4)-2 is estimated to be 518,275 hours.
    The estimated average burden hours are made solely for purposes 
of the Paperwork Reduction Act and are not derived from a 
comprehensive or even representative survey or study of the cost of 
Commission rules and forms.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency's estimate 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.
    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, VA 22312; or 
send an email to: PRA_Mailbox@sec.gov.

    Dated: August 22, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-21115 Filed 8-27-12; 8:45 am]
BILLING CODE 8011-01-P
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