Proposed Collection; Comment Request, 2243 [2018-00497]
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Federal Register / Vol. 83, No. 10 / Tuesday, January 16, 2018 / Notices
Approximately 6 funds rely on the rule
annually, with a total of 6 responses.2
Thus, the total annual hour burden for
rule 17f–1 is approximately 21 hours.3
Funds that rely on rule 17f–1
generally use outside counsel to prepare
the custodial contract for the board’s
review and to transmit the contract to
the Commission. Commission staff
estimates the cost of outside counsel to
perform these tasks for a fund each year
is $800.4 Funds also must have an
independent public accountant verify
the fund’s assets three times each year
and prepare the certificate of
examination. Commission staff
estimates the annual cost for an
independent public accountant to
perform this service is $8,500.5
Therefore, the total annual cost burden
for a fund that relies on rule 17f–1
would be approximately $9,300.6 As
noted above, the staff estimates that 4
funds rely on rule 17f–1 each year, for
an estimated total annualized cost
burden of $55,800.7
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act, and is not
derived from a comprehensive or even
a representative survey or study of the
costs of Commission rules. Compliance
with the collections of information
required by rule 17f–1 is mandatory for
funds that place their assets in the
custody of a national securities
exchange member. Responses will not
be kept confidential. 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.
The Commission requests written
comments on: (a) Whether the
collections of information are necessary
for the proper performance of the
functions of the Commission, including
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2 Based
on a review of Form N–17f–1 filings over
the last three years the Commission staff estimates
that an average of 4 funds rely on rule 17f–1 each
year.
3 This estimate is based on the following
calculation: (6 respondents × 3.5 hours = 21 hours).
The annual burden for rule 17f–1 does not include
time spent preparing Form N–17f–1. The burden for
Form N–17f–1 is included in a separate collection
of information.
4 This estimate is based on the following
calculation: (2 hours of outside counsel time × $400
= $800). The staff has estimated the average cost of
outside counsel at $400 per hour, based on
information received from funds, fund
intermediaries, and their counsel.
5 This estimate is based on information received
from fund representatives estimating the aggregate
annual cost of an independent public accountant’s
periodic verification of assets and preparation of the
certificate of examination.
6 This estimate is based on the following
calculation: ($800 + $8,500 = $9,300).
7 This estimate is based on the following
calculation: (6 funds × $9,300 = $55,800).
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22:48 Jan 12, 2018
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whether the information has practical
utility; (b) the accuracy of the
Commission’s estimate of the burdens 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: January 9, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–00493 Filed 1–12–18; 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:
Form 10–D, SEC File No. 270–544, OMB
Control No. 3235–0604.
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 this 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.
Form 10–D is a periodic report used
by asset-backed issuers to file
distribution and pool performance
information pursuant to Rule 13a–17 (17
CFR 240.13a–17) or Rule 15d–17 (17
CFR 240.15d–17) of the Securities
Exchange Act of 1934 (‘‘Exchange
Act’’)(15 U.S.C.78a et seq.). The form is
required to be filed within 15 days after
each required distribution date on the
asset-backed securities, as specified in
the governing documents for such
securities. The information provided by
Form 10–D is mandatory and all
PO 00000
Frm 00113
Fmt 4703
Sfmt 4703
2243
information is made available to the
public upon request. Form 10–D takes
approximately 30 hours per response to
prepare and is filed by approximately
2,169 respondents. Each respondent
files an estimated 4.343 Form 10–Ds per
year for a total of 9,420 responses. We
estimate that 75% of the 30 hours per
response (22.5 hours) is prepared by the
company for a total annual reporting
burden of 211,950 hours (22.5 hours per
response × 9,420 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 comment 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: January 9, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–00497 Filed 1–12–18; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–429, OMB Control No.
3235–0480]
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 9b–1
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
E:\FR\FM\16JAN1.SGM
16JAN1
]]>Agencies
[Federal Register Volume 83, Number 10 (Tuesday, January 16, 2018)]
[Notices]
[Page 2243]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-00497]
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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:
Form 10-D, SEC File No. 270-544, OMB Control No. 3235-0604.
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 this 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.
Form 10-D is a periodic report used by asset-backed issuers to file
distribution and pool performance information pursuant to Rule 13a-17
(17 CFR 240.13a-17) or Rule 15d-17 (17 CFR 240.15d-17) of the
Securities Exchange Act of 1934 (``Exchange Act'')(15 U.S.C.78a et
seq.). The form is required to be filed within 15 days after each
required distribution date on the asset-backed securities, as specified
in the governing documents for such securities. The information
provided by Form 10-D is mandatory and all information is made
available to the public upon request. Form 10-D takes approximately 30
hours per response to prepare and is filed by approximately 2,169
respondents. Each respondent files an estimated 4.343 Form 10-Ds per
year for a total of 9,420 responses. We estimate that 75% of the 30
hours per response (22.5 hours) is prepared by the company for a total
annual reporting burden of 211,950 hours (22.5 hours per response x
9,420 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 comment 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: [email protected].
Dated: January 9, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-00497 Filed 1-12-18; 8:45 am]
BILLING CODE 8011-01-P
