Proposed Collection; Comment Request, 77397 [2015-31362]
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Federal Register / Vol. 80, No. 239 / Monday, December 14, 2015 / Notices
Mailbox@sec.gov. Comments must be
submitted to OMB within 30 days of
this notice.
Dated: December 8, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015–31360 Filed 12–11–15; 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.
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Extension:
Schedule 14D–1F, OMB Control No. 3235–
0376, SEC File No. 270–338.
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’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Schedule 14D–1F (17 CFR 240.14d–
102) is a form that may be used by any
person (the ‘‘bidder’’) making a cash
tender or exchange offer for securities of
any issuer (the ‘‘target’’) incorporated or
organized under the laws of Canada or
any Canadian province or territory that
is a foreign private issuer, where less
than 40% of the outstanding class of the
target’s securities that is the subject of
the offer is held by U.S. holders.
Schedule 14D–1F is designed to
facilitate cross-border transactions in
the securities of Canadian issuers. The
information required to be filed with the
Commission provides security holders
with material information regarding the
bidder as well as the transaction so that
they may make informed investment
decisions. Schedule 14D–1F takes
approximately 2 hours per response to
prepare and is filed by approximately 2
respondents annually for a total
reporting burden of 4 hours (2 hours per
response × 2 responses).
Written comments are invited on: (a)
Whether this proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden imposed by the collection
VerDate Sep<11>2014
17:36 Dec 11, 2015
Jkt 238001
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
unless it displays a currently valid
control number.
Please direct your written comments
to Pamela Dyson, 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: December 8, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015–31362 Filed 12–11–15; 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:
Regulation S–ID, OMB Control No. 3235–
0692, SEC File No. 270–644.
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 (the
‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Regulation S–ID (17 CFR 248),
including the information collection
requirements thereunder, is designed to
better protect investors from the risks of
identity theft. Under Regulation S–ID,
SEC-regulated entities are required to
develop and implement reasonable
policies and procedures to identify,
detect, and respond to relevant red flags
(the ‘‘Identity Theft Red Flags Rules’’)
and, in the case of entities that issue
credit or debit cards, to assess the
validity of, and communicate with
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77397
cardholders regarding, address changes.
Section 248.201 of Regulation S–ID
includes the following information
collection requirements for each SECregulated entity that qualifies as a
‘‘financial institution’’ or ‘‘creditor’’
under Regulation S–ID and that offers or
maintains covered accounts: (i) Creation
and periodic updating of an identity
theft prevention program (‘‘Program’’)
that is approved by the board of
directors, an appropriate committee
thereof, or a designated senior
management employee; (ii) periodic
staff reporting to the board of directors
on compliance with the Identity Theft
Red Flags Rules and related guidelines;
and (iii) training of staff to implement
the Program. Section 248.202 of
Regulation S–ID includes the following
information collection requirements for
each SEC-regulated entity that is a credit
or debit card issuer: (i) Establishment of
policies and procedures that assess the
validity of a change of address
notification if a request for an additional
or replacement card on the account
follows soon after the address change;
and (ii) notification of a cardholder,
before issuance of an additional or
replacement card, at the previous
address or through some other
previously agreed-upon form of
communication, or alternatively,
assessment of the validity of the address
change request through the entity’s
established policies and procedures.
SEC staff estimates of the hour
burdens associated with section 248.201
under Regulation S–ID include the onetime burden of complying with this
section for newly-formed SEC-regulated
entities, as well as the ongoing costs of
compliance for all SEC-regulated
entities. With respect to the one-time
burden hours, staff estimates that each
newly-formed financial institution or
creditor would incur a burden of 2
hours to conduct an initial assessment
of covered accounts. Staff estimates that
approximately 644 SEC-regulated
financial institutions and creditors are
newly formed each year, and the total
estimated one-time burden to initially
assess covered accounts is therefore
1,288 hours. Staff also estimates that
each financial institution or creditor
that maintains covered accounts would
incur an additional initial burden of 29
hours to develop and obtain board
approval of a Program and to train the
staff of the financial institution or
creditor. Staff estimates that
approximately 580 SEC-regulated
financial institutions and creditors that
maintain covered accounts are newly
formed each year, and thus the total
estimated one-time burden to develop
E:\FR\FM\14DEN1.SGM
14DEN1
]]>Agencies
[Federal Register Volume 80, Number 239 (Monday, December 14, 2015)]
[Notices]
[Page 77397]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-31362]
-----------------------------------------------------------------------
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:
Schedule 14D-1F, OMB Control No. 3235-0376, SEC File No. 270-
338.
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'') is soliciting comments on the collection of
information summarized below. The Commission plans to submit this
existing collection of information to the Office of Management and
Budget for extension and approval.
Schedule 14D-1F (17 CFR 240.14d-102) is a form that may be used by
any person (the ``bidder'') making a cash tender or exchange offer for
securities of any issuer (the ``target'') incorporated or organized
under the laws of Canada or any Canadian province or territory that is
a foreign private issuer, where less than 40% of the outstanding class
of the target's securities that is the subject of the offer is held by
U.S. holders. Schedule 14D-1F is designed to facilitate cross-border
transactions in the securities of Canadian issuers. The information
required to be filed with the Commission provides security holders with
material information regarding the bidder as well as the transaction so
that they may make informed investment decisions. Schedule 14D-1F takes
approximately 2 hours per response to prepare and is filed by
approximately 2 respondents annually for a total reporting burden of 4
hours (2 hours per response x 2 responses).
Written comments are invited on: (a) Whether this proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information will
have practical utility; (b) the accuracy of the agency's estimate of
the burden imposed by the 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 unless it displays a
currently valid control number.
Please direct your written comments to Pamela Dyson, 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: December 8, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-31362 Filed 12-11-15; 8:45 am]
BILLING CODE 8011-01-P
