Proposed Collection; Comment Request, 76055-76057 [2015-30746]
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Federal Register / Vol. 80, No. 234 / Monday, December 7, 2015 / Notices
the date of the filing. However, pursuant
to Rule 19b–4(f)(6)(iii),14 the
Commission may designate a shorter
time if such action is consistent with the
protection of investors and the public
interest.
FINRA has asked the Commission to
waive the 30-day operative delay. The
Commission believes that waiving the
30-day operative delay is consistent
with the protection of investors and the
public interest. Such waiver will allow
FINRA to implement the proposed rule
change to coincide with the effective
dates of the relevant consolidated
FINRA rules. Therefore, the
Commission hereby waives the 30-day
operative delay and designates the
proposed rule change to be operative
upon filing with the Commission.15
At any time within 60 days of the
filing of the proposed rule change, the
Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
action is: (i) Necessary or appropriate in
the public interest; (ii) for the protection
of investors; or (iii) otherwise in
furtherance of the purposes of the Act.
If the Commission takes such action, the
Commission shall institute proceedings
to determine whether the proposed rule
should be approved or disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
mstockstill on DSK4VPTVN1PROD with NOTICES
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
FINRA–2015–050 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–FINRA–2015–050. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
14 17
CFR 240.19b–4(f)(6)(iii).
purposes only of waiving the operative
delay for this proposal, the Commission has
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
15 For
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post all comments on the Commission’s
Internet Web site (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for Web site viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE.,
Washington, DC 20549 on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of such
filing also will be available for
inspection and copying at the principal
offices of FINRA. All comments
received will be posted without change;
the Commission does not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File Number SR–FINRA–
2015–050, and should be submitted on
or before December 28, 2015.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.16
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015–30721 Filed 12–4–15; 8:45 am]
BILLING CODE 8011–01–P
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:
Rules 17Ad–22—Clearing Agency
Standards and Governance, SEC File No.
270–646, OMB Control No. 3235–0695.
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 Rules 17Ad–22 under
the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.). The Commission
plans to submit this existing collection
16 17
PO 00000
CFR 200.30–3(a)(12).
Frm 00097
Fmt 4703
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76055
of information to the Office of
Management and Budget (‘‘OMB’’) for
extension and approval.
i. Standards for Clearing Agencies
a. Measurement and Management of
Credit Exposures
Rule 17Ad–22(b)(1) would require a
clearing agency that provides CCP
services to establish, implement,
maintain and enforce written policies
and procedures reasonably designed to
measure its credit exposures to its
participants at least once each day, and
limit its exposures to potential losses
from defaults by its participants in
normal market conditions so that the
operations of the clearing agency would
not be disrupted and non-defaulting
participants would not be exposed to
losses that they cannot anticipate or
control. The purpose of the collection of
information is to enable the clearing
agency to monitor and limit its
exposures to its participants.
b. Margin Requirements
Rule 17Ad–22(b)(2) would require a
clearing agency that provides CCP
services to establish, implement,
maintain and enforce written policies
and procedures reasonably designed to:
(i) Use margin requirements to limit its
credit exposures to participants in
normal market conditions; (ii) use riskbased models and parameters to set
margin requirements; and (iii) review
the models and parameters at least
monthly. The purpose of the collection
of information is to enable the clearing
agency to maintain sufficient collateral
or margin.
c. Financial Resources
Rule 17Ad–22(b)(3) would require a
clearing agency that provides CCP
services to establish, implement,
maintain and enforce written policies
and procedures reasonably designed to
maintain sufficient financial resources
to withstand, at a minimum, a default
by the participant family to which it has
the largest exposure in extreme but
plausible market conditions, provided
that a registered clearing agency acting
as a central counterparty for securitybased swaps shall maintain additional
financial resources sufficient to
withstand, at a minimum, a default by
the two participant families to which it
has the largest exposures in extreme but
plausible market conditions, in its
capacity as a central counterparty for
security-based swaps. The purpose of
the collection of information is to enable
the clearing agency to satisfy all of its
settlement obligations in the event of a
participant default.
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Federal Register / Vol. 80, No. 234 / Monday, December 7, 2015 / Notices
d. Model Validation
Rule 17Ad–22(b)(4) would require a
clearing agency that provides CCP
services to establish, implement,
maintain and enforce written policies
and procedures reasonably designed to
provide for an annual model validation
consisting of evaluating the performance
of the clearing agency’s margin models
and the related parameters and
assumptions associated with such
models by a qualified person who is free
from influence from the persons
responsible for the development or
operation of the models being validated.
The purpose of the collection of
information is to enable the clearing
agency to obtain an assessment of its
margin model by a qualified,
independent person.
e. Non-Dealer Access
Rule 17Ad–22(b)(5) would require a
clearing agency that provides CCP
services to establish, implement,
maintain and enforce written policies
and procedures reasonably designed to
provide the opportunity for a person
that does not perform any dealer or
security-based swap dealer services to
obtain membership at the clearing
agency to clear securities for itself or on
behalf of other persons. The purpose of
the collection of information is to enable
more market participants to obtain
indirect access to clearing agencies.
mstockstill on DSK4VPTVN1PROD with NOTICES
f. Portfolio Size and Transaction
Volume Restrictions
Rule 17Ad–22(b)(6) would require a
clearing agency that provides CCP
services to establish, implement,
maintain and enforce written policies
and procedures reasonably designed to
have membership standards that do not
require that participants maintain a
portfolio of any minimum size or that
participants maintain a minimum
transaction volume. The purpose of the
collection of information is to remove
unnecessary barriers to participation in
clearing agencies that provide CCP
services.
g. Net Capital Restrictions
Rule 17Ad–22(b)(7) would require a
clearing agency that provides CCP
services to establish, implement,
maintain and enforce written policies
and procedures reasonably designed to
provide a person that maintains net
capital equal to or greater than $50
million with the ability to obtain
membership at the clearing agency,
provided that such persons are able to
comply with other reasonable
membership standards, with any net
capital requirements being scalable so
that they are proportional to the risks
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18:36 Dec 04, 2015
Jkt 238001
posed by the participant’s activities to
the clearing agency. The rule also
permits a clearing agency to provide for
a higher net capital requirement (i.e.,
higher than $50 million) as a condition
for membership at the clearing agency if
the clearing agency demonstrates to the
Commission that such a requirement is
necessary to mitigate risks that could
not otherwise be effectively managed by
other measures, such as scalable
limitations on the transactions that the
participants may clear through the
clearing agency, and the Commission
approves the higher net capital
requirement as part of a rule filing or
clearing agency registration application.
The purpose of the collection of
information is to remove unnecessary
barriers to clearing access by market
participants with a net capital level
above $50 million, while at the same
time facilitating sound risk management
practices by clearing agencies by
encouraging them to examine and
articulate the benefits that higher net
capital requirements would create
through having clearing agencies
develop scalable membership standards
that links the activities any participants
could potentially engage in with the
potential risks posed by the participant.
h. Record of Financial Resources
Rule 17Ad–22(c)(1) would require
that each fiscal quarter (based on
calculations made as of the last business
day of the clearing agency’s fiscal
quarter), or at any time upon
Commission request, a clearing agency
that performs CCP services shall
calculate and maintain a record of the
financial resources necessary to meet
the requirement in Rule 17Ad–22(b)(3)
and sufficient documentation to explain
the methodology it uses to compute
such financial resource requirement.
The purpose of the collection of
information is to enable the Commission
to monitor the financial resources of
clearing agencies that provide CCP
services.
i. Annual Audited Financial Statements
Rule 17Ad–22(c)(2) would require a
clearing agency to post on its Web site
an annual audited financial statement
that must (i) be a complete set of
financial statements of the clearing
agency for the most recent two fiscal
years of the clearing agency and be
prepared in accordance with U.S.
generally accepted accounting
principles (‘‘U.S. GAAP’’), except that
for a clearing agency that is a
corporation or other organization
incorporated or organized under the
laws of any foreign country, the
financial statements may be prepared
PO 00000
Frm 00098
Fmt 4703
Sfmt 4703
according to U.S. GAAP or International
Financial Reporting Standards as issued
by the International Accounting
Standards Board (‘‘IFRS’’); (ii) be
audited in accordance with standards of
the Public Company Accounting
Oversight Board by a registered public
accounting firm that is qualified and
independent in accordance with Rule 2–
01 of Regulation S–X (17 CFR 210.2–01);
and (iii) include a report of the
registered public accounting firm that
complies with paragraphs (a) through
(d) of Rule 2–02 of Regulation S–X (17
CFR 210.2–02). The purpose of the
collection of information is to enable the
Commission to monitor the financial
resources of clearing agencies that
provide CCP services.
j. Transparent and Enforceable Rules
and Procedures
Rule 17Ad–22(d)(1) would require
clearing agencies to establish,
implement, maintain and enforce
written policies and procedures
reasonably designed to provide for a
well-founded, transparent, and
enforceable legal framework for each
aspect of their activities in all relevant
jurisdictions. The purpose of the
collection of information is to help
ensure that clearing agencies’ policies
and procedures do not cause confusion
or legal uncertainty among their
participants because they are unclear,
incomplete or conflict with other
applicable laws or judicial precedent.
The Commission believes that 10
registered clearing agencies will incur a
total burden of approximately 8,029
hours annually.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the proposed collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information on respondents; 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: Pamela Dyson, Director/Chief
E:\FR\FM\07DEN1.SGM
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Federal Register / Vol. 80, No. 234 / Monday, December 7, 2015 / Notices
• OMB Control Number: 1405–0184.
• Type of Request: Revision of a
Currently Approved Collection.
• Originating Office: Bureau of
Population, Refugees, and Migration,
Office of Admissions, PRM/A.
Dated: December 2, 2015.
• Form Number: DS–7655.
Robert W. Errett,
• Respondents: Refugee applicants for
Deputy Secretary.
the U.S. Refugee Admissions Program.
[FR Doc. 2015–30746 Filed 12–4–15; 8:45 am]
• Estimated Number of Respondents:
BILLING CODE 8011–01–P
50 Department of State contractors,
grantees, and cooperative agreement
partners.
• Estimated Number of Responses:
DEPARTMENT OF STATE
200.
[Public Notice: 9369]
• Average Time per Response: 30
30-Day Notice of Proposed Information minutes.
• Total Estimated Burden Time: 100
Collection: Iraqi Citizens and Nationals
hours.
Employed by Federal Contractors and
• Frequency: On occasion.
Grantees
• Obligation to Respond: Required to
Obtain a Benefit.
ACTION: Notice of request for public
We are soliciting public comments to
comment and submission to OMB of
permit the Department to:
proposed collection of information.
• Evaluate whether the proposed
SUMMARY: The Department of State has
information collection is necessary for
submitted the information collection
the proper functions of the Department.
• Evaluate the accuracy of our
described below to the Office of
estimate of the time and cost burden for
Management and Budget (OMB) for
this proposed collection, including the
approval. In accordance with the
validity of the methodology and
Paperwork Reduction Act of 1995 we
assumptions used.
are requesting comments on this
• Enhance the quality, utility, and
collection from all interested
clarity of the information to be
individuals and organizations. The
collected.
purpose of this Notice is to allow 30
• Minimize the reporting burden on
days for public comment.
those who are to respond, including the
DATES: Submit comments directly to the
use of automated collection techniques
Office of Management and Budget
or other forms of information
(OMB) up to January 6, 2016.
technology.
ADDRESSES: Direct comments to the
Please note that comments submitted
Department of State Desk Officer in the
in response to this Notice are public
Office of Information and Regulatory
record. Before including any detailed
Affairs at the Office of Management and
personal information, you should be
Budget (OMB). You may submit
aware that your comments as submitted,
comments by the following methods:
including your personal information,
• Email: oira_submission@
will be available for public review.
omb.eop.gov. You must include the DS
Abstract of proposed collection:
form number, information collection
The information requested will be
title, and the OMB control number in
used to verify the employment of Iraqi
the subject line of your message.
citizens and nationals for the processing
• Fax: 202–395–5806. Attention: Desk and adjudication of other refugee,
Officer for Department of State.
asylum, special immigrant visa, and
FOR FURTHER INFORMATION CONTACT:
other immigration claims and
Direct requests for additional
applications.
information regarding the collection
Methodology:
listed in this notice, including requests
The method for the collection of
for copies of the proposed collection
information will be via electronic
instrument and supporting documents,
submission. The format for compiling
to Sophie Yan Gao, PRM/Admissions,
the information will be the Department
2025 E Street NW., SA–9, 8th Floor,
of State’s eForms application which is
Washington, DC 20522–0908, who may
currently used by over 36,000
be reached on (202) 453–9255 or at
Department users worldwide.
GaoY1@state.gov.
Contracting Officers and Grants Officers
will distribute by email to the
SUPPLEMENTARY INFORMATION:
• Title of Information Collection: Iraqi contractors, grantees and cooperative
Citizens and Nationals Employed by
agreement partners under their
Federal Contractors, Grantees and
authority the DS–7655 form file and
Cooperative Agreement Partners.
Cerenade e-Form filler installation
mstockstill on DSK4VPTVN1PROD with NOTICES
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.
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18:36 Dec 04, 2015
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76057
instructions. Respondents, using the
Cerenade filler, will complete the form
and email the form file to their
Contracting Officers or Grants Officer.
Dated: November 27, 2015.
Larry Bartlett,
Director, Office of Admissions, Bureau of
Population, Refugees, and Migration,
Department of State.
[FR Doc. 2015–30775 Filed 12–4–15; 8:45 am]
BILLING CODE 4710–33–P
DEPARTMENT OF STATE
[Public Notice 9370]
Notice of Public Meeting
The Department of State will conduct
an open meeting at 9:30 a.m. on
Tuesday January 26, 2016, in Room 5 of
the DOT Conference Center, 1200 New
Jersey Ave, SE., Washington, DC 20590.
The primary purpose of the meeting is
to prepare for the third Session of the
International Maritime Organization’s
(IMO) Sub-Committee on Human
Element, Training and Watchkeeping
(HTW) to be held at the IMO
Headquarters, United Kingdom, on
February 1–5, 2016.
The agenda items to be considered
include:
—Decisions of other IMO bodies
—Validated model training courses
—Reports on unlawful practices
associated with certificates of
competency
—Guidance for the implementation of
the 2010 Manila Amendments
—Comprehensive review of the 1995
STCW–F Convention
—Role of the human element
—Revision of the Guidelines on Fatigue
—Revised Guidelines on the
Implementation of the ISM Code by
Administrations (resolution
A.1071(28)) on training audits
—Review of STCW passenger shipspecific safety training
—Amendments to SOLAS chapter II–1
and associated guidelines on damage
control drills for passenger ships
—Completion of the detailed review of
the Global Maritime Distress and
Safety System (GMDSS)
—Revision of requirements for escape
route signs and equipment location
markings in SOLAS and related
instruments
—Amendments to the IGF Code and
development of guidelines for lowflashpoint fuels
—Review MODU Code, LSA Code and
MSC.1/Circ.1206/Rev.1
Members of the public may attend
this meeting up to the seating capacity
of the room. Upon request, members of
E:\FR\FM\07DEN1.SGM
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]]>Agencies
[Federal Register Volume 80, Number 234 (Monday, December 7, 2015)]
[Notices]
[Pages 76055-76057]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-30746]
-----------------------------------------------------------------------
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:
Rules 17Ad-22--Clearing Agency Standards and Governance, SEC
File No. 270-646, OMB Control No. 3235-0695.
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 Rules 17Ad-22 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.
i. Standards for Clearing Agencies
a. Measurement and Management of Credit Exposures
Rule 17Ad-22(b)(1) would require a clearing agency that provides
CCP services to establish, implement, maintain and enforce written
policies and procedures reasonably designed to measure its credit
exposures to its participants at least once each day, and limit its
exposures to potential losses from defaults by its participants in
normal market conditions so that the operations of the clearing agency
would not be disrupted and non-defaulting participants would not be
exposed to losses that they cannot anticipate or control. The purpose
of the collection of information is to enable the clearing agency to
monitor and limit its exposures to its participants.
b. Margin Requirements
Rule 17Ad-22(b)(2) would require a clearing agency that provides
CCP services to establish, implement, maintain and enforce written
policies and procedures reasonably designed to: (i) Use margin
requirements to limit its credit exposures to participants in normal
market conditions; (ii) use risk-based models and parameters to set
margin requirements; and (iii) review the models and parameters at
least monthly. The purpose of the collection of information is to
enable the clearing agency to maintain sufficient collateral or margin.
c. Financial Resources
Rule 17Ad-22(b)(3) would require a clearing agency that provides
CCP services to establish, implement, maintain and enforce written
policies and procedures reasonably designed to maintain sufficient
financial resources to withstand, at a minimum, a default by the
participant family to which it has the largest exposure in extreme but
plausible market conditions, provided that a registered clearing agency
acting as a central counterparty for security-based swaps shall
maintain additional financial resources sufficient to withstand, at a
minimum, a default by the two participant families to which it has the
largest exposures in extreme but plausible market conditions, in its
capacity as a central counterparty for security-based swaps. The
purpose of the collection of information is to enable the clearing
agency to satisfy all of its settlement obligations in the event of a
participant default.
[[Page 76056]]
d. Model Validation
Rule 17Ad-22(b)(4) would require a clearing agency that provides
CCP services to establish, implement, maintain and enforce written
policies and procedures reasonably designed to provide for an annual
model validation consisting of evaluating the performance of the
clearing agency's margin models and the related parameters and
assumptions associated with such models by a qualified person who is
free from influence from the persons responsible for the development or
operation of the models being validated. The purpose of the collection
of information is to enable the clearing agency to obtain an assessment
of its margin model by a qualified, independent person.
e. Non-Dealer Access
Rule 17Ad-22(b)(5) would require a clearing agency that provides
CCP services to establish, implement, maintain and enforce written
policies and procedures reasonably designed to provide the opportunity
for a person that does not perform any dealer or security-based swap
dealer services to obtain membership at the clearing agency to clear
securities for itself or on behalf of other persons. The purpose of the
collection of information is to enable more market participants to
obtain indirect access to clearing agencies.
f. Portfolio Size and Transaction Volume Restrictions
Rule 17Ad-22(b)(6) would require a clearing agency that provides
CCP services to establish, implement, maintain and enforce written
policies and procedures reasonably designed to have membership
standards that do not require that participants maintain a portfolio of
any minimum size or that participants maintain a minimum transaction
volume. The purpose of the collection of information is to remove
unnecessary barriers to participation in clearing agencies that provide
CCP services.
g. Net Capital Restrictions
Rule 17Ad-22(b)(7) would require a clearing agency that provides
CCP services to establish, implement, maintain and enforce written
policies and procedures reasonably designed to provide a person that
maintains net capital equal to or greater than $50 million with the
ability to obtain membership at the clearing agency, provided that such
persons are able to comply with other reasonable membership standards,
with any net capital requirements being scalable so that they are
proportional to the risks posed by the participant's activities to the
clearing agency. The rule also permits a clearing agency to provide for
a higher net capital requirement (i.e., higher than $50 million) as a
condition for membership at the clearing agency if the clearing agency
demonstrates to the Commission that such a requirement is necessary to
mitigate risks that could not otherwise be effectively managed by other
measures, such as scalable limitations on the transactions that the
participants may clear through the clearing agency, and the Commission
approves the higher net capital requirement as part of a rule filing or
clearing agency registration application. The purpose of the collection
of information is to remove unnecessary barriers to clearing access by
market participants with a net capital level above $50 million, while
at the same time facilitating sound risk management practices by
clearing agencies by encouraging them to examine and articulate the
benefits that higher net capital requirements would create through
having clearing agencies develop scalable membership standards that
links the activities any participants could potentially engage in with
the potential risks posed by the participant.
h. Record of Financial Resources
Rule 17Ad-22(c)(1) would require that each fiscal quarter (based on
calculations made as of the last business day of the clearing agency's
fiscal quarter), or at any time upon Commission request, a clearing
agency that performs CCP services shall calculate and maintain a record
of the financial resources necessary to meet the requirement in Rule
17Ad-22(b)(3) and sufficient documentation to explain the methodology
it uses to compute such financial resource requirement. The purpose of
the collection of information is to enable the Commission to monitor
the financial resources of clearing agencies that provide CCP services.
i. Annual Audited Financial Statements
Rule 17Ad-22(c)(2) would require a clearing agency to post on its
Web site an annual audited financial statement that must (i) be a
complete set of financial statements of the clearing agency for the
most recent two fiscal years of the clearing agency and be prepared in
accordance with U.S. generally accepted accounting principles (``U.S.
GAAP''), except that for a clearing agency that is a corporation or
other organization incorporated or organized under the laws of any
foreign country, the financial statements may be prepared according to
U.S. GAAP or International Financial Reporting Standards as issued by
the International Accounting Standards Board (``IFRS''); (ii) be
audited in accordance with standards of the Public Company Accounting
Oversight Board by a registered public accounting firm that is
qualified and independent in accordance with Rule 2-01 of Regulation S-
X (17 CFR 210.2-01); and (iii) include a report of the registered
public accounting firm that complies with paragraphs (a) through (d) of
Rule 2-02 of Regulation S-X (17 CFR 210.2-02). The purpose of the
collection of information is to enable the Commission to monitor the
financial resources of clearing agencies that provide CCP services.
j. Transparent and Enforceable Rules and Procedures
Rule 17Ad-22(d)(1) would require clearing agencies to establish,
implement, maintain and enforce written policies and procedures
reasonably designed to provide for a well-founded, transparent, and
enforceable legal framework for each aspect of their activities in all
relevant jurisdictions. The purpose of the collection of information is
to help ensure that clearing agencies' policies and procedures do not
cause confusion or legal uncertainty among their participants because
they are unclear, incomplete or conflict with other applicable laws or
judicial precedent.
The Commission believes that 10 registered clearing agencies will
incur a total burden of approximately 8,029 hours annually.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information shall
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the proposed collection of information; (c) ways to
enhance the quality, utility, and clarity of the information on
respondents; 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: Pamela Dyson, Director/
Chief
[[Page 76057]]
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: December 2, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-30746 Filed 12-4-15; 8:45 am]
BILLING CODE 8011-01-P
