Agency Information Collection Activities; Submission for OMB Review; Comment Request; Statutory Exemption for Cross-Trading of Securities, 31582-31583 [2013-12369]
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31582
Federal Register / Vol. 78, No. 101 / Friday, May 24, 2013 / Notices
for-profits and not-for-profit
institutions.
Total Estimated Number of
Respondents: 161.
Total Estimated Number of
Responses: 657.
Total Estimated Annual Burden
Hours: 122.
Total Estimated Annual Other Costs
Burden: $0.
Dated: May 7, 2013.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2013–12427 Filed 5–23–13; 8:45 am]
BILLING CODE 4510–FR–P
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request;
Certification by School Official
ACTION:
Notice.
The Department of Labor
(DOL) is submitting the Office of
Workers’ Compensation Programs
(OWCP) sponsored information
collection request (ICR) revision titled,
‘‘Certification by School Official,’’
(Form CM–981) to the Office of
Management and Budget (OMB) for
review and approval for use in
accordance with the Paperwork
Reduction Act (PRA) of 1995 (44 U.S.C.
3501 et seq.).
DATES: Submit comments on or before
June 24, 2013.
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 free of charge from the
RegInfo.gov Web site at https://
www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=201302–1240–002
(this link will only become active 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–OWCP, Office of
Management and Budget, Room 10235,
725 17th Street NW., Washington, DC
20503, Fax: 202–395–6881 (this is not a
toll-free number), email:
OIRA_submission@omb.eop.gov.
mstockstill on DSK4VPTVN1PROD with NOTICES
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Contact Michel Smyth by telephone at
VerDate Mar<15>2010
21:14 May 23, 2013
Jkt 229001
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).
In order to
qualify as an eligible dependent for
black lung benefits, a child aged 18- to
23-years must be a full-time student as
described in the Black Lung Benefits
Act, 30 U.S.C. 901 et. seq., and
regulations 20 CFR 725.209. A school
official completes a Certification by
School Official (Form CM–981) to verify
whether a Black Lung beneficiary’s
dependent between the ages of 18 to 23
years qualifies as a full-time student.
This ICR has been characterized as a
revision request under the PRA, because
the OWCP has made formatting changes
to make Form CM–981 electronically
fillable. For additional substantive
information about this ICR, see the
related notice published in the Federal
Register on February 22, 2013 (78 FR
12364).
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 that 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 1240–0031. The current
approval is scheduled to expire on July
31, 2013; however, it should be noted
that existing information collection
requirements submitted to the OMB
receive a month-to-month extension
while they undergo review. New
information collection requirements
would only take effect upon OMB
approval.
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 1240–
0031. 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
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00068
Fmt 4703
Sfmt 4703
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–OWCP.
Title of Collection: Certification by
School Official.
OMB Control Number: 1240–0031.
Affected Public: State, Local, and
Tribal Governments.
Total Estimated Number of
Respondents: 493.
Total Estimated Number of
Responses: 493.
Total Estimated Annual Burden
Hours: 82.
Total Estimated Annual Other Costs
Burden: $0.
Dated: May 20, 2013.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2013–12431 Filed 5–23–13; 8:45 am]
BILLING CODE 4510–CK–P
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Statutory
Exemption for Cross-Trading of
Securities
ACTION:
Notice.
The Department of Labor
(DOL) is submitting the Employee
Benefits Security Administration
(EBSA) sponsored information
collection request (ICR) titled,
‘‘Statutory Exemption for Cross-Trading
of Securities,’’ to the Office of
Management and Budget (OMB) for
review and approval for continued use
without change in accordance with the
Paperwork Reduction Act (PRA) of 1995
(44 U.S.C. 3501 et seq.).
DATES: Submit comments on or before
June 24, 2013.
ADDRESSES: A copy of this ICR with
applicable supporting documentation;
including a description of the likely
SUMMARY:
E:\FR\FM\24MYN1.SGM
24MYN1
Federal Register / Vol. 78, No. 101 / Friday, May 24, 2013 / Notices
respondents, proposed frequency of
response, and estimated total burden
may be obtained free of charge 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, Fax: 202–395–6881 (this is not a
toll-free number), email:
OIRA_submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT:
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
Regulation on Statutory Exemption for
Cross-Trading of Securities, 29 CFR
2550.408b-19, implements the content
requirements for written cross-trading
policies and procedures required under
Employee Retirement Income Security
Act of 1974 (ERISA) section
408(b)(19)(H). ERISA section 408(b)(19)
exempts cross-trading transactions
involving the purchase and sale of a
security between an account holding
assets of a pension plan and any other
account managed by the same
investment manager from ERISA
sections 406(a)(1)(A) and 406(b)(2)
prohibitions, provided that certain
conditions are satisfied.
Regulations 29 CFR 2550.408b–19
provides that policies and procedures
for cross-trading under the statutory
exemption must: (1) Be written in a
manner calculated to be understood by
the plan fiduciary authorizing crosstrading, (2) be sufficiently detailed to
facilitate a periodic review of all crosstrades by a compliance officer
designated by the investment manager
and a determination by the compliance
officer that the cross-trades comply with
the investment manager’s written crosstrading policies and procedures, and (3)
include, at a minimum: (A) A statement
of general policy describing the criteria
that will be applied by the investment
manager in determining whether
execution of a securities transaction as
a cross-trade will be beneficial to both
parties to the transaction; (B) a
description of how the investment
manager will determine the price at
which the securities are cross-traded, in
a manner that is consistent with 17 CFR
mstockstill on DSK4VPTVN1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
VerDate Mar<15>2010
21:14 May 23, 2013
Jkt 229001
270.17a–7(b) and Securities and
Exchange Commission interpretations
thereunder, including the identity of
sources used to establish the price; (C)
a description of how the investment
manager’s policies and procedures will
mitigate any potentially conflicting
division of loyalties and responsibilities
to the parties involved in any crosstrade transaction; (D) a requirement that
the investment manager allocate crosstrades among accounts participating in
the cross-trading program in an
objective and equitable manner and a
description of the policies and
procedures that will be used; (E) the
identity of the compliance officer
responsible for reviewing the
investment manager’s compliance with
ERISA section 408(b)(19) and its written
cross-trading policies and procedures
and the compliance officer’s
qualifications for this position; (F) the
steps to be performed by the compliance
officer during its periodic review of the
investment manager’s purchases and
sales of securities to ensure compliance
with the written cross-trading policies
and procedures; and (G) a description of
the procedures by which the
compliance officer will determine
whether the requirements of section
ERISA section 408(b)(19) are met.
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 that 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 1210–0130. OMB authorization
for an ICR cannot be for more than three
(3) years without renewal, and the
current approval for this collection is
scheduled to expire on May 31, 2013.
The DOL seeks OMB to extend PRA
authorization for this information
collection for three (3) more years
without any change to existing
requirements. 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 November 27, 2012 (77 FR 70828).
Interested parties are encouraged to
send comments to the OMB, Office of
PO 00000
Frm 00069
Fmt 4703
Sfmt 9990
31583
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–
0130. 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: Statutory
Exemption for Cross-Trading of
Securities.
OMB Control Number: 1210–0130.
Affected Public: Private Sector—
businesses or other for-profits and notfor-profit institutions.
Total Estimated Number of
Respondents: 315.
Total Estimated Number of
Responses: 2,834.
Total Estimated Annual Burden
Hours: 3,290.
Total Estimated Annual Other Costs
Burden: $14,000.
Dated: May 15, 2013.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2013–12369 Filed 5–23–13; 8:45 am]
BILLING CODE 4510–29–P
E:\FR\FM\24MYN1.SGM
24MYN1
]]>Agencies
[Federal Register Volume 78, Number 101 (Friday, May 24, 2013)]
[Notices]
[Pages 31582-31583]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-12369]
-----------------------------------------------------------------------
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Statutory Exemption for Cross-Trading of
Securities
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of Labor (DOL) is submitting the Employee
Benefits Security Administration (EBSA) sponsored information
collection request (ICR) titled, ``Statutory Exemption for Cross-
Trading of Securities,'' to the Office of Management and Budget (OMB)
for review and approval for continued use without change in accordance
with the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. 3501 et
seq.).
DATES: Submit comments on or before June 24, 2013.
ADDRESSES: A copy of this ICR with applicable supporting documentation;
including a description of the likely
[[Page 31583]]
respondents, proposed frequency of response, and estimated total burden
may be obtained free of charge 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, Fax: 202-395-6881 (this is not a toll-free number), email:
OIRA_submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT: 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 Regulation on Statutory Exemption for
Cross-Trading of Securities, 29 CFR 2550.408b-19, implements the
content requirements for written cross-trading policies and procedures
required under Employee Retirement Income Security Act of 1974 (ERISA)
section 408(b)(19)(H). ERISA section 408(b)(19) exempts cross-trading
transactions involving the purchase and sale of a security between an
account holding assets of a pension plan and any other account managed
by the same investment manager from ERISA sections 406(a)(1)(A) and
406(b)(2) prohibitions, provided that certain conditions are satisfied.
Regulations 29 CFR 2550.408b-19 provides that policies and
procedures for cross-trading under the statutory exemption must: (1) Be
written in a manner calculated to be understood by the plan fiduciary
authorizing cross-trading, (2) be sufficiently detailed to facilitate a
periodic review of all cross-trades by a compliance officer designated
by the investment manager and a determination by the compliance officer
that the cross-trades comply with the investment manager's written
cross-trading policies and procedures, and (3) include, at a minimum:
(A) A statement of general policy describing the criteria that will be
applied by the investment manager in determining whether execution of a
securities transaction as a cross-trade will be beneficial to both
parties to the transaction; (B) a description of how the investment
manager will determine the price at which the securities are cross-
traded, in a manner that is consistent with 17 CFR 270.17a-7(b) and
Securities and Exchange Commission interpretations thereunder,
including the identity of sources used to establish the price; (C) a
description of how the investment manager's policies and procedures
will mitigate any potentially conflicting division of loyalties and
responsibilities to the parties involved in any cross-trade
transaction; (D) a requirement that the investment manager allocate
cross-trades among accounts participating in the cross-trading program
in an objective and equitable manner and a description of the policies
and procedures that will be used; (E) the identity of the compliance
officer responsible for reviewing the investment manager's compliance
with ERISA section 408(b)(19) and its written cross-trading policies
and procedures and the compliance officer's qualifications for this
position; (F) the steps to be performed by the compliance officer
during its periodic review of the investment manager's purchases and
sales of securities to ensure compliance with the written cross-trading
policies and procedures; and (G) a description of the procedures by
which the compliance officer will determine whether the requirements of
section ERISA section 408(b)(19) are met.
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 that
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 1210-0130. OMB authorization for an ICR cannot be
for more than three (3) years without renewal, and the current approval
for this collection is scheduled to expire on May 31, 2013. The DOL
seeks OMB to extend PRA authorization for this information collection
for three (3) more years without any change to existing requirements.
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 November 27, 2012 (77 FR 70828).
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 1210-0130.
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: Statutory Exemption for Cross-Trading of
Securities.
OMB Control Number: 1210-0130.
Affected Public: Private Sector--businesses or other for-profits
and not-for-profit institutions.
Total Estimated Number of Respondents: 315.
Total Estimated Number of Responses: 2,834.
Total Estimated Annual Burden Hours: 3,290.
Total Estimated Annual Other Costs Burden: $14,000.
Dated: May 15, 2013.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2013-12369 Filed 5-23-13; 8:45 am]
BILLING CODE 4510-29-P
