Proposed Collection; Comment Request, 17695 [2018-08401]
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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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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
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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
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]]>Agencies
[Federal Register Volume 83, Number 78 (Monday, April 23, 2018)]
[Notices]
[Page 17695]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-08401]
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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 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 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
Pavlik-Simon, 100 F Street NE, Washington, DC 20549 or send an email to
[email protected].
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
