Proposed Collection; Comment Request, 59523 [2014-23453]
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Federal Register / Vol. 79, No. 191 / Thursday, October 2, 2014 / Notices
Rule 15c1–6 states that any brokerdealer trying to sell to or buy from a
customer a security in a primary or
secondary distribution in which the
broker-dealer is participating or is
otherwise financially interested must
give the customer written notification of
the broker-dealer’s participation or
interest at or before completion of the
transaction. The Commission estimates
that 446 respondents collect information
annually under Rule 15c1–6 and that
each respondent would spend
approximately 10 hours annually
complying with the collection of
information requirement (approximately
4,460 hours in aggregate).
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 to be 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.
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.
Please direct your written comments
to: Thomas Bayer, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 100 F Street NE., Washington,
DC 20549 or send an email to:
PRA_Mailbox@sec.gov.
Dated: September 26, 2014.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–23451 Filed 10–1–14; 8:45 am]
BILLING CODE 8011–01–P
tkelley on DSK3SPTVN1PROD with NOTICES
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE., Washington, DC
20549–2736.
Extension: Rule 15c2–1,
VerDate Sep<11>2014
17:04 Oct 01, 2014
Jkt 235001
SEC File No. 270–418, OMB Control No.
3235–0485.
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’’) is soliciting comments
on the existing collection of information
provided for in Rule 15c2–1, (17 CFR
240.15c2–1), 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.
Rule 15c2–1 prohibits the
commingling under the same lien of
securities of margin customers (a) with
other customers without their written
consent, and (b) with the broker-dealer.
The rule also prohibits the rehypothecation of customers’ margin
securities for a sum in excess of the
customer’s aggregate indebtedness.
Pursuant to Rule 15c2–1, respondents
must collect information necessary to
prevent the re-hypothecation of
customer securities in contravention of
the rule, issue and retain copies of
notices of hypothecation of customer
securities in accordance with the rule,
and collect written consents from
customers in accordance with the rule.
The information is necessary to ensure
compliance with the rule, and to advise
customers of the rule’s protections.
There are approximately 61
respondents (i.e., broker-dealers that
conducted business with the public,
filed Part II or Part IICSE of the FOCUS
Report, did not claim an exemption
from the Rule 15c3–3 reserve formula
computation, and reported that they had
a bank loan during at least one quarter
of the current year) that require an
aggregate total of 1,373 hours to comply
with the rule. Each of these
approximately 61 registered brokerdealers makes an estimated 45 annual
responses. Each response takes
approximately 0.5 hours to complete.
Thus, the total compliance burden per
year is 1,373 burden hours.
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
PO 00000
Frm 00051
Fmt 4703
Sfmt 4703
59523
other forms of information technology.
Consideration will be given to
comments and suggestions submitted in
writing within 60 days of this
publication.
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.
Please direct your written comments
to: Thomas Bayer, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 100 F Street NE., Washington,
DC 20549, or send an email to: PRA_
Mailbox@sec.gov.
Dated: September 26, 2014.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–23453 Filed 10–1–14; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: U.S. Securities and Exchange
Commission, Office of FOIA Services,
100 F St NE., Washington, DC 20549–
2736.
Extension: Rule 15c1–7,
SEC File No. 270–146, OMB Control
No.3235–0134.
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’’) is soliciting comments
on the existing collection of information
provided for in Rule 15c1–7 (17 CFR
240.15c1–7) 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.
Rule 15c1–7 states that any act of a
broker-dealer designed to effect
securities transactions with or for a
customer account over which the
broker-dealer (directly or through an
agent or employee) has discretion will
be considered a fraudulent,
manipulative, or deceptive practice
under the federal securities laws, unless
a record is made of the transaction
immediately by the broker-dealer. The
record must include (a) the name of the
customer, (b) the name, amount, and
price of the security, and (c) the date
and time when such transaction took
place.
E:\FR\FM\02OCN1.SGM
02OCN1
]]>Agencies
[Federal Register Volume 79, Number 191 (Thursday, October 2, 2014)]
[Notices]
[Page 59523]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-23453]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC
20549-2736.
Extension: Rule 15c2-1,
SEC File No. 270-418, OMB Control No. 3235-0485.
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'') is soliciting comments on the existing
collection of information provided for in Rule 15c2-1, (17 CFR
240.15c2-1), 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.
Rule 15c2-1 prohibits the commingling under the same lien of
securities of margin customers (a) with other customers without their
written consent, and (b) with the broker-dealer. The rule also
prohibits the re-hypothecation of customers' margin securities for a
sum in excess of the customer's aggregate indebtedness. Pursuant to
Rule 15c2-1, respondents must collect information necessary to prevent
the re-hypothecation of customer securities in contravention of the
rule, issue and retain copies of notices of hypothecation of customer
securities in accordance with the rule, and collect written consents
from customers in accordance with the rule. The information is
necessary to ensure compliance with the rule, and to advise customers
of the rule's protections.
There are approximately 61 respondents (i.e., broker-dealers that
conducted business with the public, filed Part II or Part IICSE of the
FOCUS Report, did not claim an exemption from the Rule 15c3-3 reserve
formula computation, and reported that they had a bank loan during at
least one quarter of the current year) that require an aggregate total
of 1,373 hours to comply with the rule. Each of these approximately 61
registered broker-dealers makes an estimated 45 annual responses. Each
response takes approximately 0.5 hours to complete. Thus, the total
compliance burden per year is 1,373 burden hours.
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.
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.
Please direct your written comments to: 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.
Dated: September 26, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-23453 Filed 10-1-14; 8:45 am]
BILLING CODE 8011-01-P
