Submission for OMB Review; Comments Request, 24985 [2015-10230]

Download as PDF Federal Register / Vol. 80, No. 84 / Friday, May 1, 2015 / Notices For the Nuclear Regulatory Commission. Michele Sampson, Chief, Spent Fuel Licensing Branch, Division of Spent Fuel Management, Office of Nuclear Material Safety and Safeguards. [FR Doc. 2015–10245 Filed 4–30–15; 8:45 am] BILLING CODE 7590–01–P OVERSEAS PRIVATE INVESTMENT CORPORATION [OMB–3420–0018] Submission for OMB Review; Comments Request Overseas Private Investment Corporation (OPIC). ACTION: Notice and request for comments. AGENCY: Under the provisions of the Paperwork Reduction Act (44 U.S.C. chapter 35), agencies are required to publish a Notice in the Federal Register notifying the public that the agency is modifying and renewing an existing previously approved information collection for OMB review and approval and requests public review and comment on the submission. Comments are being solicited on the need for the information; the accuracy of OPIC’s burden estimate; the quality, practical utility, and clarity of the information to be collected; and ways to minimize reporting the burden, including automated collected techniques and uses of other forms of technology. DATES: Comments must be received within sixty (60) calendar days of publication of this Notice. ADDRESSES: Mail all comments and requests for copies of the subject form to OPIC’s Agency Submitting Officer: James Bobbitt, Overseas Private Investment Corporation, 1100 New York Avenue NW., Washington, DC 20527. See SUPPLEMENTARY INFORMATION for other information about filing. FOR FURTHER INFORMATION CONTACT: OPIC Agency Submitting Officer: James Bobbitt, (202) 336–8558. SUPPLEMENTARY INFORMATION: All mailed comments and requests for copies of the subject form should include form number OPIC–129 on both the envelope and in the subject line of the letter. Electronic comments and requests for copies of the subject form may be sent to James.Bobbitt@opic.gov, subject line OPIC–129. mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: Summary Form Under Review Type of Request: Revision of currently approved information collection. Title: Sponsor Disclosure Report. Form Number: OPIC–129. VerDate Sep<11>2014 18:14 Apr 30, 2015 Jkt 235001 Frequency of Use: One per investor per project. Type of Respondents: Business or other institution (except farms); individuals. Standard Industrial Classification Codes: All. Description of Affected Public: U.S. companies or citizens investing overseas. Reporting Hours: 1890 (3 hours per response). Number of Responses: 630 per year. Federal Cost: $64,801.80 ($51.43 × 630 × 2) Authority for Information Collection: Sections 231, 234(a), 239(d), and 240A of the Foreign Assistance Act of 1961, as amended. Abstract (Needs and Uses): The information provided in the OPIC–129 is used by OPIC as a part of the Character Risk Due Diligence/ background check procedure (similar to a commercial bank’s Know Your Customer procedure) that it performs on each party that has a significant relationship (10% or more beneficial ownership, provision of significant credit support, significant managerial relationship) to the projects that OPIC finances. The only change being made is to adjust the threshold from 5% to 10% in order to make OPIC’s due diligence process more efficient and less resource intensive without significantly increasing the reputational and project risks associated with OPIC transactions. Dated: February 23, 2015. Nichole Cadiente, Administrative Counsel, Department of Legal Affairs. [FR Doc. 2015–10230 Filed 4–30–15; 8:45 am] BILLING CODE 3210–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–74813; File No. SR–ODD– 2015–01] Self-Regulatory Organizations; The Options Clearing Corporation; Order Granting Approval of Accelerated Delivery of Supplement to the Options Disclosure Document Reflecting the Inclusion of Disclosure Regarding Foreign Currency Index Options and Changes to Disclosure Regarding Implied Volatility Index Options April 27, 2015. On May 20, 2014, the Options Clearing Corporation (‘‘OCC’’) submitted to the Securities and Exchange Commission (‘‘Commission’’), pursuant to Rule 9b–1 under the Securities PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 24985 Exchange Act of 1934 (‘‘Act’’),1 five preliminary copies of a supplement to amend the options disclosure document (‘‘ODD’’) to include disclosure regarding foreign currency index options and amend disclosure regarding implied volatility index options (‘‘April 2015 Supplement’’).2 On April 15, 2015, the Commission received from the OCC five definitive copies of the April 2015 Supplement.3 Foreign Currency Index Options Currently, the ODD states that indexes that may underlie options include stock indexes, variability indexes, strategybased indexes, dividend indexes, and relative performance indexes. In April 2013, the Commission approved a proposed rule change by the International Securities Exchange, LLC (‘‘ISE’’) to list options on the Dow Jones FXCM Dollar Index.4 The April 2015 Supplement amends disclosures in the ODD to add foreign currency indexes as a type of index that can underlie an option, in order to accommodate the trading of options on the Dow Jones FXCM Dollar Index and similarly structured foreign currency indexes.5 Specifically, the April 2015 Supplement adds new disclosure regarding the characteristics of foreign currency index options and their special risks. In addition, the supplement adds an example of the calculation of a foreign currency index. The supplement also amends disclosures in the ODD to accommodate the fact that components of foreign currency indexes are foreign currencies rather than securities (e.g., by referring to ‘‘components’’ of an index rather than ‘‘constituent securities’’ of an index). Implied Volatility Index Options The ODD currently contains general disclosures on the characteristics and risks of trading standardized options on variability indexes. The ODD states that variability indexes are indexes intended 1 17 CFR 240.9b–1. email from Jean M. Cawley, SVP and Deputy General Counsel, OCC, to Sharon Lawson, David Michehl, and Yue Ding, Division of Trading and Markets (‘‘Division’’), Commission, dated May 20, 2014. 3 See letter from Jean M. Cawley, Senior Vice President and Deputy General Counsel, OCC, to Sharon Lawson, Senior Special Counsel, Division, Commission, dated April 14, 2015. The April 2015 Supplement also makes certain technical, nonsubstantive amendments to the ODD. 4 See Securities Exchange Act Release No. 69365 (April 11, 2013), 78 FR 23321 (April 18, 2013) (SR– ISE–2013–14). 5 The April 2015 Supplement is intended to accommodate the trading of options on foreign currency indexes that reflect the value of one currency, often the U.S. dollar, against a basket of foreign currencies. Foreign currency indexes are calculated using exchange rates. 2 See E:\FR\FM\01MYN1.SGM 01MYN1

Agencies

[Federal Register Volume 80, Number 84 (Friday, May 1, 2015)]
[Notices]
[Page 24985]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-10230]


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OVERSEAS PRIVATE INVESTMENT CORPORATION

[OMB-3420-0018]


Submission for OMB Review; Comments Request

AGENCY: Overseas Private Investment Corporation (OPIC).

ACTION: Notice and request for comments.

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SUMMARY: Under the provisions of the Paperwork Reduction Act (44 U.S.C. 
chapter 35), agencies are required to publish a Notice in the Federal 
Register notifying the public that the agency is modifying and renewing 
an existing previously approved information collection for OMB review 
and approval and requests public review and comment on the submission. 
Comments are being solicited on the need for the information; the 
accuracy of OPIC's burden estimate; the quality, practical utility, and 
clarity of the information to be collected; and ways to minimize 
reporting the burden, including automated collected techniques and uses 
of other forms of technology.

DATES: Comments must be received within sixty (60) calendar days of 
publication of this Notice.

ADDRESSES: Mail all comments and requests for copies of the subject 
form to OPIC's Agency Submitting Officer: James Bobbitt, Overseas 
Private Investment Corporation, 1100 New York Avenue NW., Washington, 
DC 20527. See SUPPLEMENTARY INFORMATION for other information about 
filing.

FOR FURTHER INFORMATION CONTACT: OPIC Agency Submitting Officer: James 
Bobbitt, (202) 336-8558.

SUPPLEMENTARY INFORMATION: All mailed comments and requests for copies 
of the subject form should include form number OPIC-129 on both the 
envelope and in the subject line of the letter. Electronic comments and 
requests for copies of the subject form may be sent to 
James.Bobbitt@opic.gov, subject line OPIC-129.

Summary Form Under Review

    Type of Request: Revision of currently approved information 
collection.
    Title: Sponsor Disclosure Report.
    Form Number: OPIC-129.
    Frequency of Use: One per investor per project.
    Type of Respondents: Business or other institution (except farms); 
individuals.
    Standard Industrial Classification Codes: All.
    Description of Affected Public: U.S. companies or citizens 
investing overseas.
    Reporting Hours: 1890 (3 hours per response).
    Number of Responses: 630 per year.
    Federal Cost: $64,801.80 ($51.43 x 630 x 2)
    Authority for Information Collection: Sections 231, 234(a), 239(d), 
and 240A of the Foreign Assistance Act of 1961, as amended.
    Abstract (Needs and Uses): The information provided in the OPIC-129 
is used by OPIC as a part of the Character Risk Due Diligence/
background check procedure (similar to a commercial bank's Know Your 
Customer procedure) that it performs on each party that has a 
significant relationship (10% or more beneficial ownership, provision 
of significant credit support, significant managerial relationship) to 
the projects that OPIC finances. The only change being made is to 
adjust the threshold from 5% to 10% in order to make OPIC's due 
diligence process more efficient and less resource intensive without 
significantly increasing the reputational and project risks associated 
with OPIC transactions.

    Dated: February 23, 2015.
Nichole Cadiente,
Administrative Counsel, Department of Legal Affairs.
[FR Doc. 2015-10230 Filed 4-30-15; 8:45 am]
 BILLING CODE 3210-01-P