Proposed Collection; Comment Request, 6908-6909 [2018-03095]
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Federal Register / Vol. 83, No. 32 / Thursday, February 15, 2018 / Notices
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Federal Register No. and publication date
40 FR 39253 (August 27, 1975); 59 FR 27626 (May 27, 1994); and 62 FR 47884 (September 11, 1997).
40 FR 39253 (August 27, 1975) and 62 FR 47884 (September 11, 1997).
40 FR 39258 (August 27, 1975); 59 FR 27626 (May 27, 1994); and 62 FR 47884 (September 14, 1997).
40 FR 39258 (August 27, 1975); 59 FR 27626 (May 27, 1994); and 62 FR 47884 (September 14, 1997).
40 FR 39253 (August 27, 1975); 59 FR 27626 (May 27, 1994); and 62 FR 47884 (September 11, 1997).
40 FR 39253 (August 27, 1975); 59 FR 27626 (May 27, 1994); and 62 FR 47884 (September 11, 1997).
40 FR 39253 (August 27, 1975); 77 FR 65913 (October 31, 2012); and 78 FR 41962 (July 12, 2013).
40 FR 39253 (August 27, 1975); 41 FR 5321 (February 5, 1976); 56 FR 24103 (May 27, 1994); and 62 FR 47884 (September 14, 1997).
44 FR 7002 (February 5, 1979); 59 FR 27626 (May 27, 1994); and 62 FR 47884 (September 14, 1997).
41 FR 5318 (February 5, 1976); 42 FR 36333 (July 14, 1977); 46 FR 22091 (April 15, 1981); 49 FR 28498 (July 12,
1984); 59 FR 27626 (May 27, 1994) and 62 FR 47884 (September 11, 1997).
62 FR 47889 (September 11, 1997).
40 FR 39253 (August 27, 1975); 41 FR 5321 (February 5, 1976); 49 FR 28498 (July 12, 1984); 56 FR 24103 (May 27,
1994); and 62 FR 47884 (September 14, 1997).
40 FR 39253 (August 27, 1975); 59 FR 27626 (May 27, 1994); and 62 FR 47884 (September 11, 1997).
40 FR 39253 (August 27, 1975) and 62 FR 47884 (September 11, 1994).
40 FR 39253 (August 27, 1975); 59 FR 27626 (May 27, 1994) and 62 FR 47884 (September 11, 1997).
40 FR 39253 (August 27, 1975).
43 FR 21769 (May 19, 1978); 46 FR 31128 (June 12, 1981); 56 FR 24103 (June 3, 1991); 57 FR 14594 (April 21, 1992);
59 FR 27626 (May 27, 1994) and 62 FR 47884 (September 14, 1997).
40 FR 39253 (August 27, 1975); 41 FR 5321 (February 5, 1976); 42 FR 36333 (July 14, 1977); 56 FR 24103 (June 1,
1991); and 62 FR 479884 (September 11, 1997).
63 FR 37423 (July 10, 1998).
64 FR 19840 (April 22, 1999).
64 FR 69051 (December 9, 1999).
66 FR 7820 (January 25, 2001).
71 FR 3907 (January 24, 2006).
74 FR 36281 (July 22, 2009).
By the Commission.
Dated: February 9, 2018.
Brent J. Fields,
Secretary.
[FR Doc. 2018–03101 Filed 2–14–18; 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.
sradovich on DSK3GMQ082PROD with NOTICES
Rule 17g–8 & 9, SEC File No. 270–645,
OMB Control No. 3235–0693.
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 existing collection of information
provided for in Rule 17g–8 and 17g–9
under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.).1 The
Commission plans to submit this
existing collection of information to the
Office of Management and Budget for
extension and approval.
Rule 17g–8 contains certain
requirements for Nationally Recognized
1 See
17 CFR 240.17g–1 and 17 CFR 249b.300.
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Jkt 244001
Statistical Rating Organizations
(‘‘NRSROs’’) to have policies and
procedures with respect to the
procedures and methodologies the
NRSRO uses to determine credit ratings,
with respect to the symbols, numbers, or
scores it uses to denote credit ratings, to
address instances in which a look-back
review determines that a conflict of
interest influenced a credit rating, and
to consider certain prescribed factors for
an effective internal structure. Rule 17g–
9 contains requirements for NRSROs to
ensure that any person employed by an
NRSRO to determine credit ratings
meets standards necessary to produce
accurate ratings. Currently, there are 10
credit rating agencies registered as
NRSROs with the Commission. The
Commission estimates that the total
burden for respondents to comply with
Rule 17g–8 is 1,450 hours and to
comply with Rule 17g–9 is 25,004
hours.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
(b) the accuracy of the Commission’s
estimates 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
PO 00000
Frm 00075
Fmt 4703
Sfmt 4703
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.
The Commission may not conduct or
sponsor a collection of information
unless it displays a currently valid
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 Office of Management and
Budget (OMB) control number.
Please direct your written comments
to: Pamela Dyson, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 100 F St NE, Washington, DC
20549 or send an email to: PRA_
Mailbox@sec.gov.
Dated: February 9, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–03096 Filed 2–14–18; 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,
E:\FR\FM\15FEN1.SGM
15FEN1
Federal Register / Vol. 83, No. 32 / Thursday, February 15, 2018 / Notices
100 F Street NE, Washington, DC
20549–2736.
sradovich on DSK3GMQ082PROD with NOTICES
Extension:
Rule 17g–7, SEC File No. 270–0656, OMB
Control No. 3235–0656
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 existing collection of information
provided for in Rule 17g–7 under the
Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.).1 The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Rule 17g–7 contains disclosure
requirements for Nationally Recognized
Statistical Rating Organizations
(‘‘NRSROs’’) including certain
information to be published when
taking a rating action with respect to a
credit rating. Currently, there are 10
credit rating agencies registered as
NRSROs with the Commission. The
Commission estimates that the total
burden for respondents to comply with
Rule 17g–7 is 695,797 hours.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
(b) the accuracy of the Commission’s
estimates 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.
The Commission may not conduct or
sponsor a collection of information
unless it displays a currently valid
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 Office of Management and
Budget (OMB) control number.
Please direct your written comments
to: Pamela Dyson, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 100 F St NE, Washington, DC
20549 or send an email to: PRA_
Mailbox@sec.gov.
Dated: February 9, 2018.
Eduardo A. Aleman,
Assistant Secretary.
(A) Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
[FR Doc. 2018–03095 Filed 2–14–18; 8:45 am]
(a) Purpose
ICE Clear Europe proposes to modify
certain provisions of its CDS Procedures
to support clearing of a new single-name
CDS transaction type. ICE Clear Europe
also proposes to amend its CDS Risk
Policy and CDS Risk Model Description
to better address certain risks associated
with CDS referencing European banks
relating to the issuance of new debt
structures by those banks. These
revisions do not involve any changes to
the ICE Clear Europe Clearing Rules.
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–82678; File No. SR–ICEEU–
2018–002]
Self-Regulatory Organizations; ICE
Clear Europe Limited; Notice of Filing
of Proposed Rule Change, SecurityBased Swap Submission, or Advance
Notice Relating to Amendments to the
ICE Clear Europe Limited CDS
Procedures, CDS Risk Policy, and CDS
Risk Model Description
February 9, 2018.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on February
6, 2018, ICE Clear Europe Limited (‘‘ICE
Clear Europe’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’) the proposed rule
changes described in Items I, II, and III
below, which Items have been prepared
primarily by ICE Clear Europe. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Clearing Agency’s Statement of the
Terms of Substance of the Proposed
Rule Change
ICE Clear Europe Limited proposes to
modify certain provisions of its CDS
Procedures to support clearing of a new
single-name CDS transaction type and to
modify its CDS Risk Policy and CDS
Risk Model Description to enhance risk
management relating to CDS involving
European banks.
II. Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
In its filing with the Commission, ICE
Clear Europe included statements
concerning the purpose of and basis for
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. ICE
Clear Europe has prepared summaries,
set forth in sections (A), (B), and (C)
below, of the most significant aspects of
such statements.
1 15
1 See
17 CFR 240.17g–1 and 17 CFR 249b.300.
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6909
2 17
PO 00000
U.S.C. 78s(b)(1).
CFR 240.19b–4.
Frm 00076
Fmt 4703
Sfmt 4703
Proposed Amendments to the CDS
Procedures
The purpose of the proposed changes
to the CDS Procedures is to support
clearing of a new single-name CDS
transaction type: Standard European
Senior Non-Preferred Financial
Corporate. ICE Clear Europe
understands that market participants
generally propose to commence trading
of this transaction type as of March 20,
2018, and relevant standard
documentation for the transaction type
has recently been published by the
International Swaps and Derivatives
Association, Inc. (‘‘ISDA’’). Transactions
under such standard documentation,
will be generally similar to Standard
European Financial Corporate
transactions currently cleared by the
Clearing House, but will have a
reference obligation that will be
subordinated to other senior obligations,
but will rank senior to so-called ‘‘tier 2’’
obligations that are subordinated for
purposes of European Union bank
regulatory capital requirements. ICE
Clear Europe proposes amending its
CDS Procedures to provide for the
clearance of contracts referencing this
new transaction type. ICE Clear Europe
believes the addition of these contracts
will benefit the market for credit default
swaps by providing market participants
the benefits of clearing, including
reduction in counterparty risk and
safeguarding of margin assets pursuant
to Clearing House Rules.
Specifically, ICE Clear Europe
proposes amending Paragraph 4.3(c)(ii)
of the CDS Procedures to reference
Standard European Senior NonPreferred Financial Corporate as a
transaction type eligible to be submitted
for clearing. Similarly, Paragraph 11.3(i)
is amended in the definition of ‘NonSTEC Single Name Contract’ to include
Standard European Senior NonPreferred Financial Corporate in the list
of types of Reference Entities eligible to
be cleared by ICE Clear Europe. ICE
E:\FR\FM\15FEN1.SGM
15FEN1
]]>Agencies
[Federal Register Volume 83, Number 32 (Thursday, February 15, 2018)]
[Notices]
[Pages 6908-6909]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-03095]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request Copies Available From: Securities and Exchange
Commission, Office of FOIA Services,
[[Page 6909]]
100 F Street NE, Washington, DC 20549-2736.
Extension:
Rule 17g-7, SEC File No. 270-0656, OMB Control No. 3235-0656
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 existing
collection of information provided for in Rule 17g-7 under the
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).\1\ The
Commission plans to submit this existing collection of information to
the Office of Management and Budget for extension and approval.
---------------------------------------------------------------------------
\1\ See 17 CFR 240.17g-1 and 17 CFR 249b.300.
---------------------------------------------------------------------------
Rule 17g-7 contains disclosure requirements for Nationally
Recognized Statistical Rating Organizations (``NRSROs'') including
certain information to be published when taking a rating action with
respect to a credit rating. Currently, there are 10 credit rating
agencies registered as NRSROs with the Commission. The Commission
estimates that the total burden for respondents to comply with Rule
17g-7 is 695,797 hours.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates 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.
The Commission may not conduct or sponsor a collection of
information unless it displays a currently valid 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 Office of Management and Budget (OMB) 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 St NE, Washington, DC 20549 or send an email to:
[email protected].
Dated: February 9, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-03095 Filed 2-14-18; 8:45 am]
BILLING CODE 8011-01-P
