Submission for OMB Review; Comment Request, 71461 [2012-28950]
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Federal Register / Vol. 77, No. 231 / Friday, November 30, 2012 / Notices
conduct or sponsor, and a person is not
required to respond to, a collection of
information unless it displays a
currently valid control number.
The public may view the background
documentation for this information
collection at the following Web site
www.reginfo.gov. Comments should be
directed to: (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 by sending an email to:
Shagufta_Ahmed@omb.eop.gov; and (ii)
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. Comments
must be submitted to OMB within 30
days of this notice.
Dated: November 26, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–28949 Filed 11–29–12; 8:45 am]
BILLING CODE 8011–01–P
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.
wreier-aviles on DSK5TPTVN1PROD with NOTICES
Extension: Regulation R, Rule 701; SEC File
No. 270–562, OMB Control No. 3235–
0624.
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’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
extension of the existing collection of
information provided for in Regulation
R, Rule 701 (17 CFR 247.701) under the
Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.).
Regulation R, Rule 701 requires a
broker or dealer (as part of a written
agreement between the bank and the
broker or dealer) to notify the bank if the
broker or dealer makes certain
determinations regarding the financial
status of the customer, a bank
employee’s statutory disqualification
status, and compliance with suitability
or sophistication standards.
VerDate Mar<15>2010
15:17 Nov 29, 2012
Jkt 229001
The Commission estimates that
brokers or dealers would, on average,
notify 1,000 banks approximately two
times annually about a determination
regarding a customer’s high net worth or
institutional status or suitability or
sophistication standing as well as a
bank employee’s statutory
disqualification status. Based on these
estimates, the Commission anticipates
that Regulation R, Rule 701 would result
in brokers or dealers making
approximately 2,000 notices to banks
per year. The Commission further
estimates (based on the level of
difficulty and complexity of the
applicable activities) that a broker or
dealer would spend approximately 15
minutes per notice to a bank. Therefore,
the estimated total annual third party
disclosure burden for the requirements
in Regulation R, Rule 701 is 500 1 hours
for brokers or dealers.
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.
Background documentation for this
information collection may be viewed at
the following Web site:
www.reginfo.gov.
Comments should be directed to: (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 by
sending an email to:
Shagufta_Ahmed@omb.eop.gov; and (ii)
Thomas Bayer, Director/Chief
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.
Comments must be submitted to OMB
within 30 days of this notice.
Dated: November 26, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–28950 Filed 11–29–12; 8:45 am]
BILLING CODE 8011–01–P
1 (2000 notices × 15 minutes) = 30,000 minutes/
60 minutes = 500 hours.
PO 00000
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71461
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: Form ADV–E. OMB Control No.
3235–0361, SEC File No. 270–318.
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’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
Form ADV–E (17 CFR 279.8) is the
cover sheet for certificates of accounting
filed pursuant to rule 206(4)–2 under
the Investment Advisers Act of 1940 (17
CFR 275.206(4)–2). The rule further
requires that the public accountant file
with the Commission a Form ADV–E
and accompanying statement within
four business days of the resignation,
dismissal, removal or other termination
of its engagement. The annual burden is
approximately three minutes per
respondent.
The estimate of burden hours set forth
above is made solely for the purposes of
the Paperwork Reduction Act and is not
derived from a comprehensive or even
representative survey or study of the
cost of Commission rules and forms.
The information provided on Form
ADV–E is mandatory. Responses will
not be kept confidential. An agency 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.
The public may view the background
documentation for this information
collection at the following Web site
www.reginfo.gov. Please direct general
comments regarding the above
information to the following persons: (i)
Desk Officer for the Securities and
Exchange Commission, Office of
Management and Budget, Room 10102,
New Executive Office Building,
Washington, DC 20503 or email to:
Shagufta_Ahmed@omb.eop.gov; and (ii)
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
E:\FR\FM\30NON1.SGM
30NON1
]]>Agencies
[Federal Register Volume 77, Number 231 (Friday, November 30, 2012)]
[Notices]
[Page 71461]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-28950]
-----------------------------------------------------------------------
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: Regulation R, Rule 701; SEC File No. 270-562, OMB Control
No. 3235-0624.
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'') has submitted to the Office of Management
and Budget (``OMB'') a request for approval of extension of the
existing collection of information provided for in Regulation R, Rule
701 (17 CFR 247.701) under the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.).
Regulation R, Rule 701 requires a broker or dealer (as part of a
written agreement between the bank and the broker or dealer) to notify
the bank if the broker or dealer makes certain determinations regarding
the financial status of the customer, a bank employee's statutory
disqualification status, and compliance with suitability or
sophistication standards.
The Commission estimates that brokers or dealers would, on average,
notify 1,000 banks approximately two times annually about a
determination regarding a customer's high net worth or institutional
status or suitability or sophistication standing as well as a bank
employee's statutory disqualification status. Based on these estimates,
the Commission anticipates that Regulation R, Rule 701 would result in
brokers or dealers making approximately 2,000 notices to banks per
year. The Commission further estimates (based on the level of
difficulty and complexity of the applicable activities) that a broker
or dealer would spend approximately 15 minutes per notice to a bank.
Therefore, the estimated total annual third party disclosure burden for
the requirements in Regulation R, Rule 701 is 500 \1\ hours for brokers
or dealers.
---------------------------------------------------------------------------
\1\ (2000 notices x 15 minutes) = 30,000 minutes/60 minutes =
500 hours.
---------------------------------------------------------------------------
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.
Background documentation for this information collection may be
viewed at the following Web site: www.reginfo.gov.
Comments should be directed to: (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 by sending an email to: Shagufta_Ahmed@omb.eop.gov; and (ii) 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 email to
PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days
of this notice.
Dated: November 26, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-28950 Filed 11-29-12; 8:45 am]
BILLING CODE 8011-01-P
