Submission for OMB Review; Comment Request, 10209-10210 [2014-03784]

Download as PDF Federal Register / Vol. 79, No. 36 / Monday, February 24, 2014 / Notices Comments regarding the information collection should be addressed to Charles Mierzwa, Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois, 60611–2092 or Charles.Mierzwa@RRB.GOV and to the OMB Desk Officer for the RRB, Fax: 202–395–6974, Email address: OIRA_ Submission@omb.eop.gov. Charles Mierzwa, Chief of Information Resources Management. [FR Doc. 2014–03872 Filed 2–21–14; 8:45 am] BILLING CODE 7905–01–P SECURITIES AND EXCHANGE COMMISSION 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, 100 F Street NE., Washington, DC 20549 or send an email to: PRA_Mailbox@ sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: February 18, 2014. Kevin M. O’Neill, Deputy Secretary. Submission for OMB Review; Comment Request [FR Doc. 2014–03787 Filed 2–21–14; 8:45 am] BILLING CODE 8011–01–P Extension: Form 144; OMB Control No. 3235–0101, SEC File No. 270–112. mstockstill on DSK4VPTVN1PROD with NOTICES Upon Written Request Copies Available From: Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. Submission for OMB Review; Comment Request 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’’) has submitted to the Office of Management and Budget (‘‘OMB’’) this request for extension of the previously approved collections of information discussed below. Form 144 (17 CFR 239.144) is used to report the sale of securities during any three-month period that exceeds 5,000 shares or other units and has an aggregate sales price that does not exceed $50,000. Under Sections 2(a)(11), 4(a)(1), 4(a)(2), 4(a)(4) and 19(a) of the Securities Act of 1933 (15 U.S.C. 77b(a)(11), 77d(a)(1), 77d(a)(2), 77d(a)(4) and 77s(a)) and Rule 144 (17 CFR 230.144) there under, the Commission is authorized to solicit the information required to be supplied by Form 144. The objectives of the rule could not be met, if the information collection was not required. The information collected must be filed with the Commission and is publicly available. Form 144 takes approximately one burden hour per response and is filed by 500 respondents for a total of 500 total burden hours. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. The public may view the background documentation for this information collection at the following Web site, VerDate Mar<15>2010 17:16 Feb 21, 2014 Jkt 232001 SECURITIES AND EXCHANGE COMMISSION Upon Written Request, Copies Available From: U.S. Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. Extension: Rule 15Ba2–6T; SEC File No. S7–19–10, OMB Control No. 3235–0659. Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) has submitted to the Office of Management and Budget (‘‘OMB’’) a request of extension of the previously approved collection of information provided for in Rule 15Ba2–6T—Temporary Registration as a Municipal Advisor; Required Amendments; and Withdrawal from Temporary Registration (17 CFR 240.15Ba2–6T), under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (‘‘Exchange Act’’). Paragraph (a) of Rule 15Ba2–6T requires municipal advisors, as defined in Section 15B(e)(4) of the Exchange Act (15 U.S.C. 78o–4(e)(4)), to electronically file with the Commission on the Commission’s Web site at the following link, Municipal Advisor Registration, the information set forth in Form MA– T (17 CFR 249.1300T) to temporarily register or withdraw from temporary registration. Paragraph (b)(1) of Rule 15Ba2–6T requires municipal advisors to promptly amend their temporary registration whenever information concerning Items PO 00000 Frm 00125 Fmt 4703 Sfmt 4703 10209 1 (Identifying Information) or 3 (Disciplinary Information) of Form MA– T becomes inaccurate in any way. Paragraph (b)(2) of Rule 15Ba2–6T requires municipal advisors to promptly amend their temporary registration whenever they wish to withdraw from registration. Paragraph (c) of Rule 15Ba2–6T provides that every initial registration, amendment to registration, or withdrawal from registration filed pursuant to this rule constitutes a ‘‘report’’ within the meaning of applicable provisions of the Exchange Act. Paragraph (d) of Rule 15Ba2–6T provides that every Form MA–T, including every amendment to or withdrawal from registration, is considered filed with the Commission when the electronic form on the Commission’s Web site is completed and the Commission has sent confirmation to the municipal advisor that the form was filed. Paragraph (e) of Rule 15Ba2–6T provides that all temporary registrations of municipal advisors will expire on the earlier of: (1) The date that the municipal advisor’s permanent registration, submitted pursuant to the Exchange Act and the rules thereunder, is approved or disapproved by the Commission; (2) the date on which the municipal advisor’s temporary registration is rescinded by the Commission; (3) for a municipal advisor that has not applied for permanent registration with the Commission in accordance with the Exchange Act and the rules thereunder, forty-five days after the compliance date of such rules for the municipal advisor; or (4) December 31, 2014. Paragraph (f) of Rule 15Ba2–6T provides that Rule 15Ba2–6T will expire on December 31, 2014. The primary purpose of Rule 15Ba2– 6T is to provide information about municipal advisors to investors and issuers, as well as the Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Commission staff estimates that approximately 100 new municipal advisors will file Form MA–T during the period January 1, 2014 through December 31, 2014. Commission staff estimates that each of the approximately 100 new municipal advisors will spend an average of 2.5 hours preparing each Form MA–T. Therefore the estimated total reporting burden associated with completing Form MA–T is 250 hours. Additionally, Commission staff estimates that approximately 1,150 municipal advisors currently registered with the Commission and the estimated E:\FR\FM\24FEN1.SGM 24FEN1 mstockstill on DSK4VPTVN1PROD with NOTICES 10210 Federal Register / Vol. 79, No. 36 / Monday, February 24, 2014 / Notices 100 new municipal advisors will amend (or withdraw) their Form MA–T once during the period from January 1, 2014 through December 31, 2014, and that it will take approximately 30 minutes to amend (or withdraw) their form, which means the total burden associated with amending Form MA–T is 625 hours. Therefore, the total annual burden associated with completing and amending Form MA–T is 875 hours. The Commission believes that some municipal advisors will seek outside counsel to help them comply with the requirements of Rule 15Ba2–6T and Form MA–T, and assumes that 100 municipal advisors will consult outside counsel for one hour for this purpose. The hourly rate for an attorney is $379, according to the Securities Industry and Financial Markets Association’s publication titled Management & Professional Earnings in the Securities Industry 2012, as modified by Commission staff to account for an 1,800-hour work year and multiplied by 5.35 to account for bonuses, firm size, employee benefits, and overhead. The Commission estimates the total cost for these 100 municipal advisors to hire outside counsel to review their compliance with the requirements of Rule 15Ba2–6T and Form MA–T to be approximately $37,900. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information under the PRA unless it displays a currently valid OMB 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 Pavlik-Simon, 100 F Street NE, Washington, DC 20549, or by sending an email to: PRA_ Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: February 18, 2014. Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2014–03784 Filed 2–21–14; 8:45 am] BILLING CODE 8011–01–P VerDate Mar<15>2010 17:16 Feb 21, 2014 Jkt 232001 SECURITIES AND EXCHANGE COMMISSION Submission for OMB Review; Comment Request Upon Written Request, Copies Available From: U.S. Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. Extension: Rule 17a–13; SEC File No. 270–27, OMB Control No. 3235–0035. Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (‘‘PRA’’) (44 U.S.C. 3501 et seq.), 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 Rule 17a–13 (17 CFR 240.17a–13) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (‘‘Exchange Act’’). Rule 17a–13(b) (17 CFR 240.17a– 13(b)) generally requires that at least once each calendar quarter, all registered brokers-dealers physically examine and count all securities held, and that they account for all other securities not in their possession, but subject to the broker-dealer’s control or direction. Any discrepancies between the broker-dealer’s securities count and the firm’s records must be noted and, within seven days, the unaccounted for difference must be recorded in the firm’s records. Rule 17a–13(c) (17 CFR 240.17a–13(c)) provides that under specified conditions, the count, examination, and verification of the broker-dealer’s entire list of securities may be conducted on a cyclical basis rather than on a certain date. Although Rule 17a–13 does not require brokerdealers to file a report with the Commission, discrepancies between a broker-dealer’s records and the securities counts may be required to be reported, for example, as a loss on Form X–17a–5 (17 CFR 248.617), which must be filed with the Commission under Exchange Act Rule 17a–5 (17 CFR 240.17a–5). Rule 17a–13 exempts broker-dealers that limit their business to the sale and redemption of securities of registered investment companies and interests or participation in an insurance company separate account and those who solicit accounts for federally insured savings and loan associations, provided that such persons promptly transmit all funds and securities and hold no customer funds and securities. Rule 17a–13 also does not apply to certain broker-dealers required to register only because they PO 00000 Frm 00126 Fmt 4703 Sfmt 4703 effect transactions in securities futures products. The information obtained from Rule 17a–13 is used as an inventory control device to monitor a broker-dealer’s ability to account for all securities held in transfer, in transit, pledged, loaned, borrowed, deposited, or otherwise subject to the firm’s control or direction. Discrepancies between the securities counts and the broker-dealer’s records alert the Commission and the selfregulatory organizations (‘‘SROs’’) to those firms experiencing back-office operational issues. Currently, there are approximately 4,462 broker-dealers registered with the Commission. However, given the variability in their businesses, it is difficult to quantify how many hours per year each broker-dealer spends complying with Rule 17a–13. As noted, Rule 17a–13 requires a broker-dealer to account for all securities in its possession or subject to its control or direction. Many broker-dealers hold few, if any, securities; while others hold large quantities. Therefore, the time burden of complying with Rule 17a–13 will depend on respondent-specific factors, including a broker-dealer’s size, number of customers, and proprietary trading activity. The staff estimates that the average time spent per respondent is 100 hours per year on an ongoing basis to maintain the records required under Rule 17a–13. This estimate takes into account the fact that more than half of the 4,462 respondents—according to financial reports filed with the Commission—may spend little or no time complying with Rule 17a–13, given that they do not do a public securities business or do not hold inventories of securities. For these reasons, the staff estimates that the total compliance burden per year is 446,200 hours (4,462 respondents × 100 hours/respondent). The records required to be made by Rule 17a–13 are available only to Commission examination staff, state securities authorities, and applicable SROs. Subject to the provisions of the Freedom of Information Act, 5 U.S.C. 522, and the Commission’s rules thereunder (17 CFR 200.80(b)(4)(iii)), the Commission does not generally publish or make available information contained in any reports, summaries, analyses, letters, or memoranda arising out of, in anticipation of, or in connection with an examination or inspection of the books and records of any person or any other investigation. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information under the PRA unless it displays a currently valid OMB control number. E:\FR\FM\24FEN1.SGM 24FEN1

Agencies

[Federal Register Volume 79, Number 36 (Monday, February 24, 2014)]
[Notices]
[Pages 10209-10210]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-03784]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: U.S. Securities and 
Exchange Commission, Office of Investor Education and Advocacy, 
Washington, DC 20549-0213.

Extension:
    Rule 15Ba2-6T; SEC File No. S7-19-10, OMB Control No. 3235-0659.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') has submitted to the Office of Management 
and Budget (``OMB'') a request of extension of the previously approved 
collection of information provided for in Rule 15Ba2-6T--Temporary 
Registration as a Municipal Advisor; Required Amendments; and 
Withdrawal from Temporary Registration (17 CFR 240.15Ba2-6T), under the 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange 
Act'').
    Paragraph (a) of Rule 15Ba2-6T requires municipal advisors, as 
defined in Section 15B(e)(4) of the Exchange Act (15 U.S.C. 78o-
4(e)(4)), to electronically file with the Commission on the 
Commission's Web site at the following link, Municipal Advisor 
Registration, the information set forth in Form MA-T (17 CFR 249.1300T) 
to temporarily register or withdraw from temporary registration.
    Paragraph (b)(1) of Rule 15Ba2-6T requires municipal advisors to 
promptly amend their temporary registration whenever information 
concerning Items 1 (Identifying Information) or 3 (Disciplinary 
Information) of Form MA-T becomes inaccurate in any way.
    Paragraph (b)(2) of Rule 15Ba2-6T requires municipal advisors to 
promptly amend their temporary registration whenever they wish to 
withdraw from registration.
    Paragraph (c) of Rule 15Ba2-6T provides that every initial 
registration, amendment to registration, or withdrawal from 
registration filed pursuant to this rule constitutes a ``report'' 
within the meaning of applicable provisions of the Exchange Act.
    Paragraph (d) of Rule 15Ba2-6T provides that every Form MA-T, 
including every amendment to or withdrawal from registration, is 
considered filed with the Commission when the electronic form on the 
Commission's Web site is completed and the Commission has sent 
confirmation to the municipal advisor that the form was filed.
    Paragraph (e) of Rule 15Ba2-6T provides that all temporary 
registrations of municipal advisors will expire on the earlier of: (1) 
The date that the municipal advisor's permanent registration, submitted 
pursuant to the Exchange Act and the rules thereunder, is approved or 
disapproved by the Commission; (2) the date on which the municipal 
advisor's temporary registration is rescinded by the Commission; (3) 
for a municipal advisor that has not applied for permanent registration 
with the Commission in accordance with the Exchange Act and the rules 
thereunder, forty-five days after the compliance date of such rules for 
the municipal advisor; or (4) December 31, 2014.
    Paragraph (f) of Rule 15Ba2-6T provides that Rule 15Ba2-6T will 
expire on December 31, 2014.
    The primary purpose of Rule 15Ba2-6T is to provide information 
about municipal advisors to investors and issuers, as well as the 
Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer 
Protection Act.
    Commission staff estimates that approximately 100 new municipal 
advisors will file Form MA-T during the period January 1, 2014 through 
December 31, 2014. Commission staff estimates that each of the 
approximately 100 new municipal advisors will spend an average of 2.5 
hours preparing each Form MA-T. Therefore the estimated total reporting 
burden associated with completing Form MA-T is 250 hours. Additionally, 
Commission staff estimates that approximately 1,150 municipal advisors 
currently registered with the Commission and the estimated

[[Page 10210]]

100 new municipal advisors will amend (or withdraw) their Form MA-T 
once during the period from January 1, 2014 through December 31, 2014, 
and that it will take approximately 30 minutes to amend (or withdraw) 
their form, which means the total burden associated with amending Form 
MA-T is 625 hours. Therefore, the total annual burden associated with 
completing and amending Form MA-T is 875 hours.
    The Commission believes that some municipal advisors will seek 
outside counsel to help them comply with the requirements of Rule 
15Ba2-6T and Form MA-T, and assumes that 100 municipal advisors will 
consult outside counsel for one hour for this purpose. The hourly rate 
for an attorney is $379, according to the Securities Industry and 
Financial Markets Association's publication titled Management & 
Professional Earnings in the Securities Industry 2012, as modified by 
Commission staff to account for an 1,800-hour work year and multiplied 
by 5.35 to account for bonuses, firm size, employee benefits, and 
overhead. The Commission estimates the total cost for these 100 
municipal advisors to hire outside counsel to review their compliance 
with the requirements of Rule 15Ba2-6T and Form MA-T to be 
approximately $37,900.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB 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 Pavlik-Simon, 100 
F Street NE, Washington, DC 20549, or by sending an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of 
this notice.

    Dated: February 18, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-03784 Filed 2-21-14; 8:45 am]
BILLING CODE 8011-01-P
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