Proposed Collection; Comment Request, 75679-75680 [2012-30791]
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Federal Register / Vol. 77, No. 246 / Friday, December 21, 2012 / Notices
III. Commission Action
The Commission establishes Docket
No. CP2013–27 for consideration of
matters raised in the Notice. Interested
persons may submit comments on
whether the Agreement is consistent
with the requirements of 39 CFR 3015.5
and the policies of 39 U.S.C. 3632 and
3633. Comments are due no later than
December 26, 2012. The public portions
of the Postal Service’s filing can be
accessed via the Commission’s Web site
at https://www.prc.gov. Information on
how to obtain access to nonpublic
material appears at 39 CFR 3007.40.
The Commission appoints James F.
Callow to represent the interest of the
general public (Public Representative)
in this case.
IV. Ordering Paragraphs
It is ordered:
1. The Commission establishes Docket
No. CP2013–27 for consideration of
matters raised in the Postal Service’s
Notice.
2. Pursuant to 39 U.S.C. 505, the
Commission designates James F. Callow
to serve as an officer of the Commission
(Public Representative) to represent the
interests of the general public in this
proceeding.
3. Comments are due no later than
December 26, 2012.
4. The Secretary shall arrange for
publication of this order in the Federal
Register.
By the Commission.
Shoshana M. Grove,
Secretary.
[FR Doc. 2012–30822 Filed 12–20–12; 8:45 am]
BILLING CODE 7710–FW–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.
mstockstill on DSK4VPTVN1PROD with
Extension:
Rule 17Ad–13; SEC File No. 270–263;
OMB Control No. 3235–0275.
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 previously approved
collection of information provided for in
VerDate Mar<15>2010
18:28 Dec 20, 2012
Jkt 229001
Rule 17Ad–13 (17 CFR 240.17Ad–13),
under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.).
Rule 17Ad–13 requires an annual
study and evaluation of internal
accounting controls under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.). It requires approximately 150
registered transfer agents to obtain an
annual report on the adequacy of their
internal accounting controls from an
independent accountant. In addition,
transfer agents must maintain copies of
any reports prepared pursuant to Rule
17Ad–13 plus any documents prepared
to notify the Commission and
appropriate regulatory agencies in the
event that the transfer agent is required
to take any corrective action. These
recordkeeping requirements assist the
Commission and other regulatory
agencies with monitoring transfer agents
and ensuring compliance with the rule.
Small transfer agents are exempt from
Rule 17Ad–13 as are transfer agents that
service only their own companies’
securities.
Approximately 150 independent,
professional transfer agents must file the
independent accountant’s report
annually. We estimate that the annual
internal time burden for each transfer
agent to comply with Rule 17Ad–13 by
submitting the report prepared by the
independent accountant to the
Commission is minimal. The time
required for the independent accountant
to prepare the accountant’s report varies
with each transfer agent depending on
the size and nature of the transfer
agent’s operations. The Commission
estimates that, on average, each report
can be completed by the independent
accountant in 120 hours, resulting in a
total of 18,000 external hours annually
(120 hours × 150 reports). The burden
was estimated using Commission review
of filed Rule 17Ad–13 reports and
Commission conversations with transfer
agents and accountants. The
Commission estimates that, on average,
120 hours are needed to perform the
study, prepare the report, and retain the
required records on an annual basis.
Assuming an average hourly rate of an
independent accountant of $60, the
average total annual cost of the report is
$7,200. The total annual cost for the
approximate 150 respondents is
approximately $1,080,000.
The retention period for the
recordkeeping requirement under Rule
17Ad–13 is three years following the
date of a report prepared pursuant to the
rule. The recordkeeping requirement
under Rule 17Ad–13 is mandatory to
assist the Commission and other
regulatory agencies with monitoring
transfer agents and ensuring compliance
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75679
with the rule. This rule does not involve
the collection of confidential
information.
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, https://
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 within 30 days of
this notice.
Dated: December 17, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–30790 Filed 12–20–12; 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:
Appendix F to Rule 15c3–1; SEC File No.
270–440; OMB Control No. 3235–0496.
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 Appendix F to Rule
15c3–1 (‘‘Appendix F’’ or ‘‘Rule 15c3–
1f’’) (17 CFR 240.15c3–1f) 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.
E:\FR\FM\21DEN1.SGM
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75680
Federal Register / Vol. 77, No. 246 / Friday, December 21, 2012 / Notices
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Appendix F requires a broker-dealer
choosing to register, upon Commission
approval, as an OTC derivatives dealer
to develop and maintain an internal risk
management system based on Value-atRisk (‘‘VaR’’) models. It is anticipated
that a total of four (4) broker-dealers
registering as OTC derivatives dealers
will spend 1,000 hours on a one-time
basis complying with the system
development requirements of Rule
15c3–1f, for an estimated one-time
initial stratup burden of approximately
4,000 hours. Appendix F also requires
the OTC derivatives dealer to maintain
its system model according to certain
prescribed standards. It is anticipated
that a total of eight (8) broker-dealers
will spend 1,000 hours per year
maintaining the system model required
by Rule 15c3–1f, for an estimated
recurring annual burden of
approximately 8,000 hours. Thus, the
total industry-wide burden is estimated
to be approximately 12,000 hours (4,000
hours + 8,000 hours) for the first year
and 8,000 hours for each subsequent
year.1
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 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,
1 The Commission estimates that a total of eight
entities will be registered as OTC derivatives
dealers at the end of the next three years, consisting
of the four current OTC derivatives dealers and four
anticipated registrants. This is in contrast with the
prior estimate of five OTC derivatives dealers,
consisting of four current OTC derivatives dealers
and one anticipated registrant.
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Alexandria, Virginia 22312 or send an
email to: PRA_Mailbox@sec.gov.
Dated: December 17, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–30791 Filed 12–20–12; 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 17g–4; SEC File No. 270–566; OMB
Control No. 3235–0627.
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 17g–4 (17 CFR
240.17g–4) under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.) (‘‘Exchange Act’’). The
Commission plans to submit this
existing collection of information to the
Office of Management and Budget
(‘‘OMB’’) for extension and approval.
The Credit Rating Agency Reform Act
of 2006 added a new section 15E,
‘‘Registration of Nationally Recognized
Statistical Rating Organizations,’’ 1 to
the Exchange Act. Pursuant to the
authority granted under section 15E of
the Exchange Act, the Commission
adopted Rule 17g–4, which requires that
a nationally recognized statistical rating
organization (‘‘NRSRO’’) establish,
maintain, and enforce written policies
and procedures to prevent the misuse of
material nonpublic information,
including policies and procedures
reasonably designed to prevent: (a) The
inappropriate dissemination of material
nonpublic information obtained in
connection with the performance of
credit rating services; (b) a person
within the NRSRO from trading on
material nonpublic information; and (c)
the inappropriate dissemination of a
pending credit rating action.2
There are 10 credit rating agencies
registered with the Commission as
NRSROs under section 15E of the
U.S.C. 78o–7.
17 CFR 240.17g-4; Release No. 34–55231
(Feb. 2, 2007), 72 FR 6378 (Feb. 9, 2007); Release
No. 34–55857 (June 5, 2007), 72 FR 33564 (June 18,
2007).
Exchange Act, which have already
established the policies and procedures
required by Rule 17g–4. Based on staff
experience, an NRSRO is estimated to
spend an average of approximately 10
hours per year reviewing its policies
and procedures regarding material
nonpublic information and updating
them (if necessary), resulting in an
average industry-wide annual hour
burden of approximately 100 hours.3
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 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, Virginia 22312 or send an
email to: PRA_Mailbox@sec.gov.
Dated: December 17, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–30789 Filed 12–20–12; 8:45 am]
BILLING CODE 8011–01–P
1 15
2 See
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3 10 currently registered NRSROs × 10 hours =
100 hours.
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]]>Agencies
[Federal Register Volume 77, Number 246 (Friday, December 21, 2012)]
[Notices]
[Pages 75679-75680]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-30791]
-----------------------------------------------------------------------
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:
Appendix F to Rule 15c3-1; SEC File No. 270-440; OMB Control No.
3235-0496.
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 Appendix F to Rule 15c3-1
(``Appendix F'' or ``Rule 15c3-1f'') (17 CFR 240.15c3-1f) 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.
[[Page 75680]]
Appendix F requires a broker-dealer choosing to register, upon
Commission approval, as an OTC derivatives dealer to develop and
maintain an internal risk management system based on Value-at-Risk
(``VaR'') models. It is anticipated that a total of four (4) broker-
dealers registering as OTC derivatives dealers will spend 1,000 hours
on a one-time basis complying with the system development requirements
of Rule 15c3-1f, for an estimated one-time initial stratup burden of
approximately 4,000 hours. Appendix F also requires the OTC derivatives
dealer to maintain its system model according to certain prescribed
standards. It is anticipated that a total of eight (8) broker-dealers
will spend 1,000 hours per year maintaining the system model required
by Rule 15c3-1f, for an estimated recurring annual burden of
approximately 8,000 hours. Thus, the total industry-wide burden is
estimated to be approximately 12,000 hours (4,000 hours + 8,000 hours)
for the first year and 8,000 hours for each subsequent year.\1\
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\1\ The Commission estimates that a total of eight entities will
be registered as OTC derivatives dealers at the end of the next
three years, consisting of the four current OTC derivatives dealers
and four anticipated registrants. This is in contrast with the prior
estimate of five OTC derivatives dealers, consisting of four current
OTC derivatives dealers and one anticipated registrant.
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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
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
Pavlik-Simon, 6432 General Green Way, Alexandria, Virginia 22312 or
send an email to: PRA_Mailbox@sec.gov.
Dated: December 17, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-30791 Filed 12-20-12; 8:45 am]
BILLING CODE 8011-01-P
