Submission for OMB Review; Comment Request, 15056-15057 [2013-05420]

Download as PDF mstockstill on DSK4VPTVN1PROD with NOTICES 15056 Federal Register / Vol. 78, No. 46 / Friday, March 8, 2013 / Notices Statement (GEIS) for License Renewal of Nuclear Plants,’’ (NUREG–1437) related to the review of the application for renewal of the Sequoyah Nuclear Plant operating licenses for an additional 20 years. Possible alternatives to the proposed action (license renewal) include no action and reasonable alternative energy sources. The NRC is required by 10 CFR 51.95 to prepare a supplement to the GEIS in connection with the renewal of an operating license. This notice is being published in accordance with NEPA and the NRC’s regulations found at 10 CFR part 51. The NRC will first conduct a scoping process for the supplement to the GEIS and, as soon as practicable thereafter, will prepare a draft supplement to the GEIS for public comment. Participation in the scoping process by members of the public and local, State, Tribal, and Federal government agencies is encouraged. The scoping process for the supplement to the GEIS will be used to accomplish the following: a. Define the proposed action, which is to be the subject of the supplement to the GEIS; b. Determine the scope of the supplement to the GEIS and identify the significant issues to be analyzed in depth; c. Identify and eliminate from detailed study those issues that are peripheral or that are not significant; d. Identify any environmental assessments and other ElSs that are being or will be prepared that are related to, but are not part of, the scope of the supplement to the GEIS being considered; e. Identify other environmental review and consultation requirements related to the proposed action; f. Indicate the relationship between the timing of the preparation of the environmental analyses and the Commission’s tentative planning and decision-making schedule; g. Identify any cooperating agencies and, as appropriate, allocate assignments for preparation and schedules for completing the supplement to the GEIS to the NRC and any cooperating agencies; and h. Describe how the supplement to the GEIS will be prepared and include any contractor assistance to be used. The NRC invites the following entities to participate in scoping: a. The applicant, TVA; b. Any Federal agency that has jurisdiction by law or special expertise with respect to any environmental impact involved or that is authorized to develop and enforce relevant environmental standards; VerDate Mar<15>2010 18:44 Mar 07, 2013 Jkt 229001 c. Affected State and local government agencies, including those authorized to develop and enforce relevant environmental standards; d. Any affected Indian tribe; e. Any person who requests or has requested an opportunity to participate in the scoping process; and f. Any person who has petitioned or intends to petition for leave to intervene. III. Public Scoping Meeting In accordance with 10 CFR 51.26, the scoping process for an EIS may include a public scoping meeting to help identify significant issues related to a proposed activity and to determine the scope of issues to be addressed in an EIS. The NRC has decided to hold public meetings for the Sequoyah Nuclear Plant license renewal supplement to the GEIS. The scoping meetings will be held on April 3, 2013, and there will be two sessions to accommodate interested parties. The first session will convene at 2:00 p.m. and will continue until 4:00 p.m., as necessary. The second session will convene at 6:00 p.m. with a repeat of the overview portions of the meeting and will continue until 8:00 p.m., as necessary. Both sessions will be held at the Soddy Daisy City Hall, 9835 Dayton Pike, Soddy Daisy, TN 37379. Both meetings will be transcribed and will include: (1) An overview by the NRC staff of the NEPA environmental review process, the proposed scope of the supplement to the GEIS, and the proposed review schedule; and (2) the opportunity for interested government agencies, organizations, and individuals to submit comments or suggestions on the environmental issues or the proposed scope of the supplement to the GEIS. Additionally, the NRC staff will host informal discussions one hour prior to the start of each session at the same location. No formal comments on the proposed scope of the supplement to the GEIS will be accepted during the informal discussions. To be considered, comments must be provided either at the transcribed public meetings or in writing, as discussed above. Persons may register to attend or present oral comments at the meetings on the scope of the NEPA review by contacting the NRC Project Manager, Mr. Emmanuel Sayoc, by telephone at 1–800–368–5642, extension 4084, or by email at emmanuel.sayoc@nrc.gov no later than March 29, 2013. Members of the public may also register to speak at the meeting within 15 minutes of the start of each session. Individual oral comments may be limited by the time available, depending on the number of PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 persons who register. Members of the public who have not registered may also have an opportunity to speak if time permits. Public comments will be considered in the scoping process for the supplement to the GEIS. Mr. Sayoc will need to be contacted no later than March 25, 2013, if special equipment or accommodations are needed to attend or present information at the public meeting so that the NRC staff can determine whether the request can be accommodated. Participation in the scoping process for the supplement to the GEIS does not entitle participants to become parties to the proceeding to which the supplement to the GEIS relates. Matters related to participation in any hearing are outside the scope of matters to be discussed at this public meeting. At the conclusion of the scoping process, the NRC will prepare a concise summary of the determination and conclusions reached, including the significant issues identified, and will send a copy of the summary to each participant in the scoping process. The summary will also be available for inspection in ADAMS. The staff will then prepare and issue for comment the draft supplement to the GEIS, which will be the subject of a separate notice and separate public meetings. Copies will be available for public inspection at the above-mentioned addresses. After receipt and consideration of the comments, the NRC will prepare a final supplement to the GEIS, which will also be available for public inspection. Dated at Rockville, Maryland, this 1st day of March 2013. For the Nuclear Regulatory Commission. David J. Wrona, Chief, Projects Branch 2, Division of License Renewal, Office of Nuclear Reactor Regulation. [FR Doc. 2013–05491 Filed 3–7–13; 8:45 am] BILLING CODE 7590–01–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. Extension: Rule 15c3–4. SEC File No. 270–441, OMB Control No. 3235–0497. Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) (the ‘‘Paperwork E:\FR\FM\08MRN1.SGM 08MRN1 Federal Register / Vol. 78, No. 46 / Friday, March 8, 2013 / Notices mstockstill on DSK4VPTVN1PROD with NOTICES Reduction Act’’), the Securities and Exchange Commission (the ‘‘Commission’’) has submitted to the Office of Management and Budget (‘‘OMB’’) a request for approval of an extension of the previously approved collection of information discussed below. Rule 15c3–4 (17 CFR 240.15c3–4) (the ‘‘Rule’’) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (the ‘‘Exchange Act’’) requires certain broker-dealers that are registered with the Commission as OTC derivatives dealers, or who compute their net capital charges under Appendix E to Rule 15c3–1 (17 CFR 240.15c3–1) (‘‘ANC firms’’), to establish, document, and maintain a system of internal risk management controls. The Rule sets forth the basic elements for an OTC derivatives dealer or an ANC firm to consider and include when establishing, documenting, and reviewing its internal risk management control system, which are designed to, among other things, ensure the integrity of an OTC derivatives dealer’s or an ANC firm’s risk measurement, monitoring, and management process, to clarify accountability at the appropriate organizational level, and to define the permitted scope of the dealer’s activities and level of risk. The Rule also requires that management of an OTC derivatives dealer or an ANC firm must periodically review, in accordance with written procedures, the firm’s business activities for consistency with its risk management guidelines. The staff estimates that the average amount of time a new OTC derivatives dealer will spend establishing and documenting its risk management control system is 2,000 hours and that, on average, a registered OTC derivatives dealer will spend approximately 200 hours each year to maintain (e.g., reviewing and updating) its risk management control system.1 Currently, four firms are registered with the Commission as OTC derivatives dealers. The staff estimates that approximately four additional entities may become registered as OTC derivatives dealers within the next three years. Thus, the estimated annualized burden would be 800 hours for the four OTC derivatives dealers currently registered with the Commission to maintain their risk 1 This notice does not cover the hour burden associated with ANC firms, because the hour burden for ANC firms is included in the Paperwork Reduction Act collection for Rule 15c3–1, which requires ANC firms to comply with specific provisions of Rule 15c3–4 in Appendix E to Rule 15c3–1. See 17 CFR 240.15c3–1(a)(7)(iii), 17 CFR 240.15c3–1e(a)(1)(ii), and 17 CFR 240.15c3– 1e(a)(1)(viii)(C). VerDate Mar<15>2010 18:44 Mar 07, 2013 Jkt 229001 management control systems,2 2,666 hours for the four new OTC derivatives dealers to establish and document their risk management control systems,3 and 400 hours for the four new OTC derivatives dealers to maintain their risk management control systems.4 Accordingly, the staff estimates the total annualized burden associated with Rule 15c3–4 for the eight OTC derivatives dealers will be approximately 3,866 hours annually. The staff believes that the cost of complying with Rule 15c3–4 will be approximately $279 per hour.5 This per hour cost is based upon an annual average hourly salary for a compliance manager who would be responsible for ensuring compliance with the requirements of Rule 15c3–4. Accordingly, the total annualized cost for all affected OTC derivatives dealers is estimated to be $1,078,614.6 The records required to be made by OTC derivatives dealers pursuant to the Rule and the results of the periodic reviews conducted under paragraph (d) of Rule 15c3–4 must be preserved under Rule 17a–4 of the Exchange Act (17 CFR 240.17a–4) for a period of not less than three years, the first two years in an easily accessible place. The Commission will not generally publish or make available to any person notice or reports received pursuant to the Rule. The statutory basis for the Commission’s refusal to disclose such information to the public is the exemption contained in section (b)(4) of the Freedom of Information Act, 5 U.S.C. 552, which essentially provides that the requirement of public dissemination does not apply to commercial or financial information which is privileged or confidential. 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 Paperwork Reduction Act that does not display a valid OMB control number. Background documentation for this information collection may be viewed at the following Web site: hours × 4 firms) = 800. hours × 1.333 firms) = 2,666. 4 (200 hours × 4 firms × / 2) = 400 {the number is divided by two to show an average, since it is assumed that the four new OTC derivatives dealers will register in even intervals over the three years}. 5 The $279 per hour salary figure for a compliance manager is from SIFMA’s Management & Professional Earnings in the Securities Industry 2011, modified to account for an 1800-hour workyear and multiplied by 5.35 to account for bonuses, firm size, employee benefits and overhead. 6 3,866 hours × $279 per hour = $1,078,614. 2 (200 3 (2,000 PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 15057 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: (i) 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: March 4, 2013. Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2013–05420 Filed 3–7–13; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 30412; File No. 812–14065] The Advisors’ Inner Circle Fund, et al.; Notice of Application March 4, 2013. Securities and Exchange Commission (‘‘Commission’’). ACTION: Notice of an application for an order under section 12(d)(1)(J) of the Investment Company Act of 1940 (the ‘‘Act’’) for an exemption from sections 12(d)(1)(A) and (B) of the Act, under sections 6(c) and 17(b) of the Act for an exemption from sections 17(a)(1) and (2) of the Act, and under section 6(c) of the Act for an exemption from rule 12d1– 2(a) under the Act. AGENCY: SUMMARY: Summary of the Application: The requested order would (a) permit certain registered open-end management investment companies that operate as ‘‘funds of funds’’ to acquire shares of certain registered open-end management investment companies and unit investment trusts (‘‘UITs’’) that are within and outside the same group of investment companies as the acquiring investment companies, and (b) permit funds of funds relying on rule 12d1–2 under the Act to invest in certain financial instruments. APPLICANTS: The Advisors’ Inner Circle Fund (‘‘AIC’’), The Advisors’ Inner Circle Fund II (‘‘AIC II’’) and Bishop Street Funds (‘‘BSF’’) (each a ‘‘Trust’’ and together, the ‘‘Trusts’’); and Citigroup First Investment Management Americas LLC (‘‘Citigroup’’), Cornerstone Advisors Inc. E:\FR\FM\08MRN1.SGM 08MRN1

Agencies

[Federal Register Volume 78, Number 46 (Friday, March 8, 2013)]
[Notices]
[Pages 15056-15057]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-05420]


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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: Rule 15c3-4.
    SEC File No. 270-441, OMB Control No. 3235-0497.
    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) (the ``Paperwork

[[Page 15057]]

Reduction Act''), the Securities and Exchange Commission (the 
``Commission'') has submitted to the Office of Management and Budget 
(``OMB'') a request for approval of an extension of the previously 
approved collection of information discussed below.
    Rule 15c3-4 (17 CFR 240.15c3-4) (the ``Rule'') under the Securities 
Exchange Act of 1934 (15 U.S.C. 78a et seq.) (the ``Exchange Act'') 
requires certain broker-dealers that are registered with the Commission 
as OTC derivatives dealers, or who compute their net capital charges 
under Appendix E to Rule 15c3-1 (17 CFR 240.15c3-1) (``ANC firms''), to 
establish, document, and maintain a system of internal risk management 
controls. The Rule sets forth the basic elements for an OTC derivatives 
dealer or an ANC firm to consider and include when establishing, 
documenting, and reviewing its internal risk management control system, 
which are designed to, among other things, ensure the integrity of an 
OTC derivatives dealer's or an ANC firm's risk measurement, monitoring, 
and management process, to clarify accountability at the appropriate 
organizational level, and to define the permitted scope of the dealer's 
activities and level of risk. The Rule also requires that management of 
an OTC derivatives dealer or an ANC firm must periodically review, in 
accordance with written procedures, the firm's business activities for 
consistency with its risk management guidelines.
    The staff estimates that the average amount of time a new OTC 
derivatives dealer will spend establishing and documenting its risk 
management control system is 2,000 hours and that, on average, a 
registered OTC derivatives dealer will spend approximately 200 hours 
each year to maintain (e.g., reviewing and updating) its risk 
management control system.\1\ Currently, four firms are registered with 
the Commission as OTC derivatives dealers. The staff estimates that 
approximately four additional entities may become registered as OTC 
derivatives dealers within the next three years. Thus, the estimated 
annualized burden would be 800 hours for the four OTC derivatives 
dealers currently registered with the Commission to maintain their risk 
management control systems,\2\ 2,666 hours for the four new OTC 
derivatives dealers to establish and document their risk management 
control systems,\3\ and 400 hours for the four new OTC derivatives 
dealers to maintain their risk management control systems.\4\ 
Accordingly, the staff estimates the total annualized burden associated 
with Rule 15c3-4 for the eight OTC derivatives dealers will be 
approximately 3,866 hours annually.
---------------------------------------------------------------------------

    \1\ This notice does not cover the hour burden associated with 
ANC firms, because the hour burden for ANC firms is included in the 
Paperwork Reduction Act collection for Rule 15c3-1, which requires 
ANC firms to comply with specific provisions of Rule 15c3-4 in 
Appendix E to Rule 15c3-1. See 17 CFR 240.15c3-1(a)(7)(iii), 17 CFR 
240.15c3-1e(a)(1)(ii), and 17 CFR 240.15c3-1e(a)(1)(viii)(C).
    \2\ (200 hours x 4 firms) = 800.
    \3\ (2,000 hours x 1.333 firms) = 2,666.
    \4\ (200 hours x 4 firms x / 2) = 400 {the number is divided by 
two to show an average, since it is assumed that the four new OTC 
derivatives dealers will register in even intervals over the three 
years{time} .
---------------------------------------------------------------------------

    The staff believes that the cost of complying with Rule 15c3-4 will 
be approximately $279 per hour.\5\ This per hour cost is based upon an 
annual average hourly salary for a compliance manager who would be 
responsible for ensuring compliance with the requirements of Rule 15c3-
4. Accordingly, the total annualized cost for all affected OTC 
derivatives dealers is estimated to be $1,078,614.\6\
---------------------------------------------------------------------------

    \5\ The $279 per hour salary figure for a compliance manager is 
from SIFMA's Management & Professional Earnings in the Securities 
Industry 2011, modified to account for an 1800-hour work-year and 
multiplied by 5.35 to account for bonuses, firm size, employee 
benefits and overhead.
    \6\ 3,866 hours x $279 per hour = $1,078,614.
---------------------------------------------------------------------------

    The records required to be made by OTC derivatives dealers pursuant 
to the Rule and the results of the periodic reviews conducted under 
paragraph (d) of Rule 15c3-4 must be preserved under Rule 17a-4 of the 
Exchange Act (17 CFR 240.17a-4) for a period of not less than three 
years, the first two years in an easily accessible place. The 
Commission will not generally publish or make available to any person 
notice or reports received pursuant to the Rule. The statutory basis 
for the Commission's refusal to disclose such information to the public 
is the exemption contained in section (b)(4) of the Freedom of 
Information Act, 5 U.S.C. 552, which essentially provides that the 
requirement of public dissemination does not apply to commercial or 
financial information which is privileged or confidential.
    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 Paperwork Reduction Act 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: (i) 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: March 4, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-05420 Filed 3-7-13; 8:45 am]
BILLING CODE 8011-01-P