Order Approving Public Company Accounting Oversight Board Supplemental Budget for Calendar Year 2016, 81820 [2016-27708]

Download as PDF 81820 Federal Register / Vol. 81, No. 223 / Friday, November 18, 2016 / Notices II. Docketed Proceeding(s) This notice will be published in the Federal Register. I. Introduction The Commission gives notice that the Postal Service filed request(s) for the Commission to consider matters related to negotiated service agreement(s). The request(s) may propose the addition or removal of a negotiated service agreement from the market dominant or the competitive product list, or the modification of an existing product currently appearing on the market dominant or the competitive product list. Section II identifies the docket number(s) associated with each Postal Service request, the title of each Postal Service request, the request’s acceptance date, and the authority cited by the Postal Service for each request. For each request, the Commission appoints an officer of the Commission to represent the interests of the general public in the proceeding, pursuant to 39 U.S.C. 505 (Public Representative). Section II also establishes comment deadline(s) pertaining to each request. The public portions of the Postal Service’s request(s) can be accessed via the Commission’s Web site (https:// www.prc.gov). Non-public portions of the Postal Service’s request(s), if any, can be accessed through compliance with the requirements of 39 CFR 3007.40. The Commission invites comments on whether the Postal Service’s request(s) in the captioned docket(s) are consistent with the policies of title 39. For request(s) that the Postal Service states concern market dominant product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3622, 39 U.S.C. 3642, 39 CFR part 3010, and 39 CFR part 3020, subpart B. For request(s) that the Postal Service states concern competitive product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 U.S.C. 3642, 39 CFR part 3015, and 39 CFR part 3020, subpart B. Comment deadline(s) for each request appear in section II. mstockstill on DSK3G9T082PROD with NOTICES II. Docketed Proceeding(s) 1. Docket No(s).: CP2017–35; Filing Title: Notice of United States Postal Service of Filing a Functionally Equivalent Global Expedited Package Services 7 Negotiated Service Agreement and Application for NonPublic Treatment of Materials Filed Under Seal; Filing Acceptance Date: November 10, 2016; Filing Authority: 39 CFR 3015.5; Public Representative: Curtis E. Kidd; Comments Due: November 21, 2016. VerDate Sep<11>2014 20:21 Nov 17, 2016 Jkt 241001 Stacy L. Ruble, Secretary. [FR Doc. 2016–27709 Filed 11–17–16; 8:45 am] BILLING CODE 7710–FW–P SECURITIES AND EXCHANGE COMMISSION Order Approving Public Company Accounting Oversight Board Supplemental Budget for Calendar Year 2016 Securities Act of 1933, Release No. 10255/ November 14, 2016 Securities Exchange Act of 1934, Release No. 79303/November 14, 2016 The Sarbanes-Oxley Act of 2002, as amended (the ‘‘Sarbanes-Oxley Act’’),1 established the Public Company Accounting Oversight Board (‘‘PCAOB’’) to oversee the audits of companies that are subject to the securities laws, and related matters, in order to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports. Section 982 of the DoddFrank Wall Street Reform and Consumer Protection Act (the ‘‘Dodd-Frank Act’’) 2 amended the Sarbanes-Oxley Act to provide the PCAOB with explicit authority to oversee auditors of brokerdealers registered with the Commission. The PCAOB is to accomplish these goals through registration of public accounting firms and standard setting, inspection, and disciplinary programs. The PCAOB is subject to the comprehensive oversight of the Securities and Exchange Commission (the ‘‘Commission’’). Section 109(b) of the Sarbanes-Oxley Act directs the PCAOB to establish a budget for each fiscal year in accordance with the PCAOB’s internal procedures, subject to approval by the Commission. Rule 190 of Regulation P facilitates the Commission’s review and approval of PCAOB budgets and annual accounting support fees.3 This budget rule provides, among other things, limits on the PCAOB’s ability to incur expenses and obligations except as provided in the approved budget as well as the procedures for the submission of supplemental budgets when it is forecasted that the limits to incur expenses and obligations will be exceeded in a given year. The Commission previously determined that the PCAOB’s 2016 budget of $257.7 million was consistent with Section 109 of the Sarbanes-Oxley Act and accordingly, it approved the PCAOB’s 2016 Budget on March 14, 2016.4 During 2016, the PCAOB determined that it had under budgeted for inspections related travel for the year, and, on October 14, 2016 it submitted a supplemental budget request to the Commission. The PCAOB’s 2016 supplemental budget requests Commission approval to transfer $1 million of FY 2016 funding from certain program areas where the PCAOB has a 2016 underspend to the Inspections program area to cover the projected overspend in inspections related travel costs. The supplemental budget does not request an increase to the PCAOB’s previously approved 2016 Budget of $257.7 million. The Commission has determined that the PCAOB’s 2016 supplemental budget is consistent with Section 109 of the Sarbanes-Oxley Act. Accordingly, It is ordered, pursuant to Section 109 of the Sarbanes-Oxley Act, that the PCAOB supplemental budget for calendar year 2016 is approved. By the Commission. Brent J. Fields, Secretary. [FR Doc. 2016–27708 Filed 11–17–16; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–79310; File No. SR– NYSEArca–2016–142] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the Fees for NYSE Arca BBO and NYSE Arca Trades To Lower the Enterprise Fee November 14, 2016. Pursuant to Section 19(b)(1) 1 of the Securities Exchange Act of 1934 (the ‘‘Act’’) 2 and Rule 19b–4 thereunder,3 notice is hereby given that, on November 1, 2016, NYSE Arca, Inc. (the ‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the selfregulatory organization. The Commission is publishing this notice to 4 Release 1 15 U.S.C. 7201 et seq. 2 Public Law 111–203, 124 Stat. 1376 (2010). 3 17 CFR 202.190. PO 00000 Frm 00102 Fmt 4703 Sfmt 4703 No. 33–10054 (March 14, 2016). U.S.C. 78s(b)(1). 2 15 U.S.C. 78a. 3 17 CFR 240.19b–4. 1 15 E:\FR\FM\18NON1.SGM 18NON1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 81, Number 223 (Friday, November 18, 2016)]
[Notices]
[Page 81820]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-27708]


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SECURITIES AND EXCHANGE COMMISSION


Order Approving Public Company Accounting Oversight Board 
Supplemental Budget for Calendar Year 2016

Securities Act of 1933, Release No. 10255/November 14, 2016
Securities Exchange Act of 1934, Release No. 79303/November 14, 2016

    The Sarbanes-Oxley Act of 2002, as amended (the ``Sarbanes-Oxley 
Act''),\1\ established the Public Company Accounting Oversight Board 
(``PCAOB'') to oversee the audits of companies that are subject to the 
securities laws, and related matters, in order to protect the interests 
of investors and further the public interest in the preparation of 
informative, accurate and independent audit reports. Section 982 of the 
Dodd-Frank Wall Street Reform and Consumer Protection Act (the ``Dodd-
Frank Act'') \2\ amended the Sarbanes-Oxley Act to provide the PCAOB 
with explicit authority to oversee auditors of broker-dealers 
registered with the Commission. The PCAOB is to accomplish these goals 
through registration of public accounting firms and standard setting, 
inspection, and disciplinary programs. The PCAOB is subject to the 
comprehensive oversight of the Securities and Exchange Commission (the 
``Commission'').
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    \1\ 15 U.S.C. 7201 et seq.
    \2\ Public Law 111-203, 124 Stat. 1376 (2010).
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    Section 109(b) of the Sarbanes-Oxley Act directs the PCAOB to 
establish a budget for each fiscal year in accordance with the PCAOB's 
internal procedures, subject to approval by the Commission. Rule 190 of 
Regulation P facilitates the Commission's review and approval of PCAOB 
budgets and annual accounting support fees.\3\ This budget rule 
provides, among other things, limits on the PCAOB's ability to incur 
expenses and obligations except as provided in the approved budget as 
well as the procedures for the submission of supplemental budgets when 
it is forecasted that the limits to incur expenses and obligations will 
be exceeded in a given year. The Commission previously determined that 
the PCAOB's 2016 budget of $257.7 million was consistent with Section 
109 of the Sarbanes-Oxley Act and accordingly, it approved the PCAOB's 
2016 Budget on March 14, 2016.\4\
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    \3\ 17 CFR 202.190.
    \4\ Release No. 33-10054 (March 14, 2016).
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    During 2016, the PCAOB determined that it had under budgeted for 
inspections related travel for the year, and, on October 14, 2016 it 
submitted a supplemental budget request to the Commission. The PCAOB's 
2016 supplemental budget requests Commission approval to transfer $1 
million of FY 2016 funding from certain program areas where the PCAOB 
has a 2016 underspend to the Inspections program area to cover the 
projected overspend in inspections related travel costs. The 
supplemental budget does not request an increase to the PCAOB's 
previously approved 2016 Budget of $257.7 million.
    The Commission has determined that the PCAOB's 2016 supplemental 
budget is consistent with Section 109 of the Sarbanes-Oxley Act. 
Accordingly,
    It is ordered, pursuant to Section 109 of the Sarbanes-Oxley Act, 
that the PCAOB supplemental budget for calendar year 2016 is approved.

    By the Commission.
Brent J. Fields,
Secretary.
[FR Doc. 2016-27708 Filed 11-17-16; 8:45 am]
 BILLING CODE 8011-01-P

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