Proposed Collection; Comment Request, 17694-17695 [2018-08400]
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17694
Federal Register / Vol. 83, No. 78 / Monday, April 23, 2018 / Notices
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street, NE,
Washington, DC 20549 on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of the
filing also will be available for
inspection and copying at the principal
office of DTC and on DTCC’s website
(https://dtcc.com/legal/sec-rulefilings.aspx). All comments received
will be posted without change. Persons
submitting comments are cautioned that
we do not redact or edit personal
identifying information from comment
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File Number SR–DTC–
2018–003 and should be submitted on
or before May 14, 2018.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.23
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–08355 Filed 4–20–18; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Dated: April 17, 2018.
Eduardo A. Aleman,
Assistant Secretary.
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
amozie on DSK30RV082PROD with NOTICES
Extension:
Rule 17g–3; SEC File No. 270–565, OMB
Control No. 3235–0626
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’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
extension of the previously approved
collection of information provided for in
Rule 17g–3 under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.).1
23 17
1 See
CFR 200.30–3(a)(12).
17 CFR 240.17g–1 and 17 CFR 249b.300.
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Rule 17g–3 contains certain reporting
requirements for NRSROs including
financial statements and information
concerning its financial condition that
the Commission, by rule, may prescribe
as necessary or appropriate in the public
interest or for the protection of
investors. 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–3 is 3,650 hours.
The Commission 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 Office of Management and
Budget (OMB) control number.
Background documentation for this
information collection may be viewed at
the following website: www.reginfo.gov.
Comments should be directed to: (i)
Desk Officer for the Securities and
Exchange Commission, Office of
Information and Regulatory Affairs,
Office of Management and Budget,
Room 10102, New Executive Office
Building, Washington, DC 20503, or by
sending an email to: Shagufta_Ahmed@
omb.eop.gov; and (ii) 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: PRA_Mailbox@sec.gov. Comments
must be submitted to OMB within 30
days of this notice.
[FR Doc. 2018–08399 Filed 4–20–18; 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:
Rule 17f–6; SEC File No. 270–392, OMB
Control No. 3235–0447
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501–3520), the Securities
and Exchange Commission (the
‘‘Commission’’) is soliciting comments
on the collection of information
PO 00000
Frm 00053
Fmt 4703
Sfmt 4703
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Rule 17f–6 (17 CFR 270.17f–6) under
the Investment Company Act of 1940
(15 U.S.C. 80a) permits registered
investment companies (‘‘funds’’) to
maintain assets (i.e., margin) with
futures commission merchants
(‘‘FCMs’’) in connection with
commodity transactions effected on
both domestic and foreign exchanges.
Prior to the rule’s adoption, funds
generally were required to maintain
these assets in special accounts with a
custodian bank.
The rule requires a written contract
that contains certain provisions
designed to ensure important safeguards
and other benefits relating to the
custody of fund assets by FCMs. To
protect fund assets, the contract must
require that FCMs comply with the
segregation or secured amount
requirements of the Commodity
Exchange Act (‘‘CEA’’) and the rules
under that statute. The contract also
must contain a requirement that FCMs
obtain an acknowledgment from any
clearing organization that the fund’s
assets are held on behalf of the FCM’s
customers according to CEA provisions.
Because rule 17f–6 does not impose
any ongoing obligations on funds or
FCMs, Commission staff estimates there
are no costs related to existing contracts
between funds and FCMs. This estimate
does not include the time required by an
FCM to comply with the rule’s contract
requirements because, to the extent that
complying with the contract provisions
could be considered ‘‘collections of
information,’’ the burden hours for
compliance are already included in
other PRA submissions.1
Thus, Commission staff estimates that
any burden of the rule would be borne
by funds and FCMs entering into new
contracts pursuant to the rule.
Commission staff estimates that
approximately 214 fund complexes and
2,825 funds currently effect
commodities transactions and could
deposit margin with FCMs in
connection with those transactions
pursuant to rule 17f–6.2 Staff further
1 The rule requires a contract with the FCM to
contain two provisions requiring the FCM to
comply with existing requirements under the CEA
and rules adopted thereunder. Thus, to the extent
these provisions could be considered collections of
information, the hours required for compliance
would be included in the collection of information
burden hours submitted by the CFTC for its rules.
2 This estimate is based on the number of funds
that reported on Form N–SAR from June 1, 2017–
November 30, 2017, in response to sub-items E
E:\FR\FM\23APN1.SGM
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Federal Register / Vol. 83, No. 78 / Monday, April 23, 2018 / Notices
amozie on DSK30RV082PROD with NOTICES
estimates that of this number, 21 fund
complexes and 283 funds enter into new
contracts with FCMs each year.3
Based on conversations with fund
representatives, Commission staff
understands that fund complexes
typically enter into contracts with FCMs
on behalf of all funds in the fund
complex that engage in commodities
transactions. Funds covered by the
contract are typically listed in an
attachment, which may be amended to
encompass new funds. Commission staff
estimates that the burden for a fund
complex to enter into a contract with an
FCM that contains the contract
requirements of rule 17f–6 is one hour,
and further estimates that the burden to
add a fund to an existing contract
between a fund complex and an FCM is
6 minutes.
Accordingly, Commission staff
estimates that funds and FCMs spend 49
burden hours annually complying with
the information collection requirements
of rule 17f–6.4 These estimates are made
solely for the purposes of the Paperwork
Reduction Act, and are not derived from
a comprehensive or even a
representative survey or study of the
costs of Commission rules and forms.
Compliance with the collection of
information requirements of the rule is
necessary to obtain the benefit of relying
on the rule. 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.
Written comments are invited on: (a)
Whether the collection of information is
necessary for the proper performance of
the functions of the Commission,
including whether the information has
practical utility; (b) the accuracy of the
Commission’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
through I of item 70, that they engaged in futures
and commodity options transactions.
3 These estimates are based on the assumption
that 10% of fund complexes and funds enter into
new FCM contracts each year. This assumption
encompasses fund complexes and funds that enter
into FCM contracts for the first time, as well as fund
complexes and fund that change the FCM with
whom they maintain margin accounts for
commodities transactions.
4 This estimate is based upon the following
calculation: (21 fund complexes × 1 hour) + (283
funds × 0.1 hours) = 49 hours.
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17:09 Apr 20, 2018
Jkt 244001
writing within 60 days after 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: April 18, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–08400 Filed 4–20–18; 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:
Rule 15g–5, SEC File No. 270–348, OMB
Control No. 3235–0394
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 15g–5—Disclosure
of Compensation to Associated Persons
in Connection with Penny Stock
Transactions—(17 CFR 240.15g–5)
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 15g–5 requires brokers and
dealers to disclose to customers the
amount of compensation to be received
by their sales agents in connection with
penny stock transactions. The purpose
of the rule is to increase the level of
disclosure to investors concerning
penny stocks generally and specific
penny stock transactions.
The Commission estimates that
approximately 195 broker-dealers will
spend an average of 87 hours annually
to comply with the rule. Thus, the total
compliance burden is approximately
16,965 burden-hours per year.
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
PO 00000
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Fmt 4703
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17695
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.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
under the PRA unless it displays a
currently valid 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 Street NE, Washington,
DC 20549 or send an email to PRA_
Mailbox@sec.gov.
Dated: April 17, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–08401 Filed 4–20–18; 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:
Rule 15g–6, SEC File No. 270–349, OMB
Control No. 3235–0395
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 15g–6—Account
Statements for Penny Stock
Customers—(17 CFR 240.15g–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 15g–6 requires brokers and
dealers that sell penny stocks to provide
their customers monthly account
statements containing information with
regard to the penny stocks held in
customer accounts. The purpose of the
rule is to increase the level of disclosure
to investors concerning penny stocks
E:\FR\FM\23APN1.SGM
23APN1
]]>Agencies
[Federal Register Volume 83, Number 78 (Monday, April 23, 2018)]
[Notices]
[Pages 17694-17695]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-08400]
-----------------------------------------------------------------------
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 17f-6; SEC File No. 270-392, OMB Control No. 3235-0447
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501-3520), 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.
Rule 17f-6 (17 CFR 270.17f-6) under the Investment Company Act of
1940 (15 U.S.C. 80a) permits registered investment companies
(``funds'') to maintain assets (i.e., margin) with futures commission
merchants (``FCMs'') in connection with commodity transactions effected
on both domestic and foreign exchanges. Prior to the rule's adoption,
funds generally were required to maintain these assets in special
accounts with a custodian bank.
The rule requires a written contract that contains certain
provisions designed to ensure important safeguards and other benefits
relating to the custody of fund assets by FCMs. To protect fund assets,
the contract must require that FCMs comply with the segregation or
secured amount requirements of the Commodity Exchange Act (``CEA'') and
the rules under that statute. The contract also must contain a
requirement that FCMs obtain an acknowledgment from any clearing
organization that the fund's assets are held on behalf of the FCM's
customers according to CEA provisions.
Because rule 17f-6 does not impose any ongoing obligations on funds
or FCMs, Commission staff estimates there are no costs related to
existing contracts between funds and FCMs. This estimate does not
include the time required by an FCM to comply with the rule's contract
requirements because, to the extent that complying with the contract
provisions could be considered ``collections of information,'' the
burden hours for compliance are already included in other PRA
submissions.\1\
---------------------------------------------------------------------------
\1\ The rule requires a contract with the FCM to contain two
provisions requiring the FCM to comply with existing requirements
under the CEA and rules adopted thereunder. Thus, to the extent
these provisions could be considered collections of information, the
hours required for compliance would be included in the collection of
information burden hours submitted by the CFTC for its rules.
---------------------------------------------------------------------------
Thus, Commission staff estimates that any burden of the rule would
be borne by funds and FCMs entering into new contracts pursuant to the
rule. Commission staff estimates that approximately 214 fund complexes
and 2,825 funds currently effect commodities transactions and could
deposit margin with FCMs in connection with those transactions pursuant
to rule 17f-6.\2\ Staff further
[[Page 17695]]
estimates that of this number, 21 fund complexes and 283 funds enter
into new contracts with FCMs each year.\3\
---------------------------------------------------------------------------
\2\ This estimate is based on the number of funds that reported
on Form N-SAR from June 1, 2017-November 30, 2017, in response to
sub-items E through I of item 70, that they engaged in futures and
commodity options transactions.
\3\ These estimates are based on the assumption that 10% of fund
complexes and funds enter into new FCM contracts each year. This
assumption encompasses fund complexes and funds that enter into FCM
contracts for the first time, as well as fund complexes and fund
that change the FCM with whom they maintain margin accounts for
commodities transactions.
---------------------------------------------------------------------------
Based on conversations with fund representatives, Commission staff
understands that fund complexes typically enter into contracts with
FCMs on behalf of all funds in the fund complex that engage in
commodities transactions. Funds covered by the contract are typically
listed in an attachment, which may be amended to encompass new funds.
Commission staff estimates that the burden for a fund complex to enter
into a contract with an FCM that contains the contract requirements of
rule 17f-6 is one hour, and further estimates that the burden to add a
fund to an existing contract between a fund complex and an FCM is 6
minutes.
Accordingly, Commission staff estimates that funds and FCMs spend
49 burden hours annually complying with the information collection
requirements of rule 17f-6.\4\ These estimates are made solely for the
purposes of the Paperwork Reduction Act, and are not derived from a
comprehensive or even a representative survey or study of the costs of
Commission rules and forms.
---------------------------------------------------------------------------
\4\ This estimate is based upon the following calculation: (21
fund complexes x 1 hour) + (283 funds x 0.1 hours) = 49 hours.
---------------------------------------------------------------------------
Compliance with the collection of information requirements of the
rule is necessary to obtain the benefit of relying on the rule. 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.
Written comments are invited on: (a) Whether the collection of
information is necessary for the proper performance of the functions of
the Commission, including whether the information has practical
utility; (b) the accuracy of the Commission'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 after 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: [email protected].
Dated: April 18, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-08400 Filed 4-20-18; 8:45 am]
BILLING CODE 8011-01-P
