Proposed Collection; Comment Request, 8110 [2016-03111]
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Federal Register / Vol. 81, No. 31 / Wednesday, February 17, 2016 / Notices
proposed rule change so that it has
sufficient time to consider the proposed
rule change, as amended by Partial
Amendment No.1, comment letters, and
FINRA’s submission. Accordingly, the
Commission, pursuant to Exchange Act
section 19(b)(2), designates April 8,
2016, as the date by which the
Commission shall approve or
disapprove the proposed rule change.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Brent J. Fields,
Secretary.
[FR Doc. 2016–03127 Filed 2–16–16; 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: Rule 204A–1,
asabaliauskas on DSK5VPTVN1PROD with NOTICES
SEC File No. 270–536, OMB Control No.
3235–0596.
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 collections of information
summarized below. The Commission
plans to submit these existing
collections of information to the Office
of Management and Budget for
extension and approval.
The title for the collection of
information is ‘‘Rule 204A–1 (17 CFR
275.204A–1) under the Investment
Advisers Act of 1940’’ (15 U.S.C. 80b–
1 et seq.) Rule 204A–1 (the ‘‘Code of
Ethics Rule’’) requires investment
advisers registered with the Commission
to (i) set forth standards of conduct
expected of advisory personnel
(including compliance with the federal
securities laws); (ii) safeguard material
nonpublic information about client
transactions; and (iii) require the
adviser’s ‘‘access persons’’ to report
their personal securities transactions,
including transactions in any mutual
fund managed by the adviser. The Code
of Ethics Rule requires access persons to
obtain the adviser’s approval before
investing in an initial public offering or
private placement. The Code of Ethics
Rule also requires prompt reporting, to
12 17
CFR 200.30–3(a)(57).
VerDate Sep<11>2014
19:05 Feb 16, 2016
Jkt 238001
the adviser’s chief compliance officer or
another person designated in the code of
ethics, of any violations of the code.
Finally, the Code of Ethics Rule requires
the adviser to provide each supervised
person with a copy of the code and any
amendments, and require the
supervised persons to acknowledge, in
writing, their receipt of these copies.
The purposes of the information
collection requirements are to: (i)
Ensure that advisers maintain codes of
ethics applicable to their supervised
persons; (ii) provide advisers with
information about the personal
securities transactions of their access
persons for purposes of monitoring such
transactions; (iii) provide advisory
clients with information with which to
evaluate advisers’ codes of ethics; and
(iv) assist the Commission’s
examination staff in assessing the
adequacy of advisers’ codes of ethics
and assessing personal trading activity
by advisers’ supervised persons.
The respondents to this information
collection are investment advisers
registered with the Commission. The
Commission has estimated that
compliance with rule 204A–1 imposes a
burden of approximately 118 hours per
adviser annually for an estimated total
annual burden of 1,418,703 hours.
An agency may not conduct or
sponsor a collection of information
unless it displays a currently valid OMB
control number. No person shall be
subject to any penalty for failing to
comply with a collection of information
subject to the PRA that does not display
a valid OMB control number.
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 will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of 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.
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.
PO 00000
Frm 00077
Fmt 4703
Sfmt 4703
Dated: February 10, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016–03111 Filed 2–16–16; 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: Rule 15a–6,
SEC File No. 270–0329, OMB Control No.
3235–0371.
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 15a–6, (17 CFR
240.15a–6), 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 15a–6 provides conditional
exemptions from the requirement to
register as a broker-dealer pursuant to
Section 15 of the Exchange Act (15
U.S.C. 78o) for foreign broker-dealers
that engage in certain specified
activities involving U.S. persons. In
particular, Rule 15a–6(a)(3) provides an
exemption from broker-dealer
registration for foreign broker-dealers
that solicit and effect transactions with
or for U.S. institutional investors or
major U.S. institutional investors
through a registered broker-dealer,
provided that the U.S. broker-dealer,
among other things, obtains certain
information about, and consents to
service of process from, the personnel of
the foreign broker-dealer involved in
such transactions, and maintains certain
records in connection therewith.
These requirements are intended to
ensure (a) that the registered brokerdealer will receive notice of the identity
of, and has reviewed the background of,
foreign personnel who will contact U.S.
investors, (b) that the foreign brokerdealer and its personnel effectively may
be served with process in the event
enforcement action is necessary, and (c)
that the Commission has ready access to
information concerning these persons
and their U.S. securities activities.
Commission staff estimates that
approximately 2,000 U.S. registered
E:\FR\FM\17FEN1.SGM
17FEN1
]]>Agencies
[Federal Register Volume 81, Number 31 (Wednesday, February 17, 2016)]
[Notices]
[Page 8110]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-03111]
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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 204A-1,
SEC File No. 270-536, OMB Control No. 3235-0596.
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
collections of information summarized below. The Commission plans to
submit these existing collections of information to the Office of
Management and Budget for extension and approval.
The title for the collection of information is ``Rule 204A-1 (17
CFR 275.204A-1) under the Investment Advisers Act of 1940'' (15 U.S.C.
80b-1 et seq.) Rule 204A-1 (the ``Code of Ethics Rule'') requires
investment advisers registered with the Commission to (i) set forth
standards of conduct expected of advisory personnel (including
compliance with the federal securities laws); (ii) safeguard material
nonpublic information about client transactions; and (iii) require the
adviser's ``access persons'' to report their personal securities
transactions, including transactions in any mutual fund managed by the
adviser. The Code of Ethics Rule requires access persons to obtain the
adviser's approval before investing in an initial public offering or
private placement. The Code of Ethics Rule also requires prompt
reporting, to the adviser's chief compliance officer or another person
designated in the code of ethics, of any violations of the code.
Finally, the Code of Ethics Rule requires the adviser to provide each
supervised person with a copy of the code and any amendments, and
require the supervised persons to acknowledge, in writing, their
receipt of these copies.
The purposes of the information collection requirements are to: (i)
Ensure that advisers maintain codes of ethics applicable to their
supervised persons; (ii) provide advisers with information about the
personal securities transactions of their access persons for purposes
of monitoring such transactions; (iii) provide advisory clients with
information with which to evaluate advisers' codes of ethics; and (iv)
assist the Commission's examination staff in assessing the adequacy of
advisers' codes of ethics and assessing personal trading activity by
advisers' supervised persons.
The respondents to this information collection are investment
advisers registered with the Commission. The Commission has estimated
that compliance with rule 204A-1 imposes a burden of approximately 118
hours per adviser annually for an estimated total annual burden of
1,418,703 hours.
An agency may not conduct or sponsor a collection of information
unless it displays a currently valid OMB control number. No person
shall be subject to any penalty for failing to comply with a collection
of information subject to the PRA that does not display a valid OMB
control number.
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 will
have practical utility; (b) the accuracy of the agency's estimate of
the burden of 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.
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: February 10, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-03111 Filed 2-16-16; 8:45 am]
BILLING CODE 8011-01-P
