Notice of Public Meeting, 4890-4891 [2019-02670]
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Federal Register / Vol. 84, No. 33 / Tuesday, February 19, 2019 / Notices
tkelley on DSKBCP9HB2PROD with NOTICES
financial situation, investment
objectives, or restrictions on the
account’s management.
Additionally, the sponsor (or its
designee) must provide each client with
a quarterly statement describing all
activity in the client’s account during
the previous quarter. The sponsor and
personnel of the client’s account
manager who know about the client’s
account and its management must be
reasonably available to consult with the
client. Each client also must retain
certain indicia of ownership of all
securities and funds in the account.
The Commission staff estimates that
19,618,731 clients participate each year
in investment advisory programs relying
on rule 3a–4.4 Of that number, the staff
estimates that 3,531,372 are new clients
and 16,087,359 are continuing clients.5
The staff estimates that each year the
investment advisory program sponsors’
staff engage in 1.5 hours per new client
and 1 hour per continuing client to
prepare, conduct and/or review
interviews regarding the client’s
financial situation and investment
objectives as required by the rule.6
Furthermore, the staff estimates that
each year the investment advisory
program sponsors’ staff spends 1 hour
per client to prepare and mail quarterly
client account statements, including
notices to update information.7 Based
on the estimates above, the Commission
estimates that the total annual burden of
the rule’s paperwork requirements is
41,003,148 hours.8
4 These estimates are based on an analysis of the
number of individual clients from Form ADV Item
5D(a)(1) and (b)(1) of advisers that report they
provide portfolio management to wrap programs as
indicated in Form ADV Item 5I(2)(b) and (c), and
the number of individual clients of advisers that
identify as internet advisers in Form ADV Item
2A(11). From analysis comparing reported
individual client assets in Form ADV Item 5D(a)(3)
and 5D(b)(3) to reported wrap portfolio manager
assets in Form ADV Item 5I(2)(b) and (c), we
discount the estimated number of individual clients
of non-internet advisers providing portfolio
management to wrap programs by 10%.
5 These estimates are based on the number of new
clients expected due to average year-over-year
growth in individual clients from Form ADV Item
5D(a)(1) and (b)(1) (about 8%) and an assumed rate
of yearly client turnover of 10%.
6 These estimates are based upon consultation
with investment advisers that operate investment
advisory programs that rely on rule 3a–4.
7 The staff bases this estimate in part on the fact
that, by business necessity, computer records
already will be available that contain the
information in the quarterly reports.
8 This estimate is based on the following
calculation: (16,087,359 continuing clients × 1
hour) + (3,531,372 new clients × 1.5 hours) +
(19,618,731 total clients × (0.25 hours × 4
statements)) = 41,003,148 hours. We note that the
breakdown of burden hours between professional
and staff time discussed below may not equal the
estimate of total burden hours due to rounding.
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The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act. The estimate
is not derived from a comprehensive or
even a representative survey or study of
the costs of Commission rules and
forms. 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 OMB
control number.
The public may view the background
documentation for this information
collection 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:
Lindsay.M.Abate@omb.eop.gov ; and (ii)
Charles Riddle, Acting Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Candace
Kenner, 100 F Street 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.
in the Federal Register on October 1,
2018.3
On November 13, 2018, pursuant to
Section 19(b)(2) of the Act,4 the
Commission designated a longer period
within which to approve the proposed
rule change, disapprove the proposed
rule change, or institute proceedings to
determine whether to disapprove the
proposed rule change.5 On December
19, 2018, the Commission instituted
proceedings to determine whether to
approve or disapprove the proposed
rule change.6
On February 8, 2019, NYSE Arca
withdrew the proposed rule change
(SR–NYSEArca–2018–67).
Dated: February 12, 2019.
Eduardo A. Aleman,
Deputy Secretary.
As required by the Federal Advisory
Committee Act, Public Law 92–463, the
Department of State gives notice of a
meeting of the Advisory Committee on
International Postal and Delivery
Services. This Committee will meet on
Thursday, March 14, 2019, from 1:00
p.m. to 5:00 p.m. Eastern Time in the
American Institute of Architects Board
Room at 1735 New York Avenue NW,
Washington, DC 20006.
Any member of the public interested
in providing input to the meeting
should contact Ms. Shereece Robinson,
whose contact information is listed
below (see the ‘‘for further information’’
section of this notice). Each individual
providing oral input is requested to
limit his or her comments to five
minutes. Requests to be added to the
speakers list must be received in writing
(letter or email) prior to the close of
business on Thursday, March 7, 2019;
written comments from members of the
public for distribution at this meeting
must reach Ms. Robinson by letter or
email on this same date. A member of
the public requesting reasonable
accommodation should also make his/
[FR Doc. 2019–02646 Filed 2–15–19; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–85110; File No. SR–
NYSEArca–2018–67]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Withdrawal of a
Proposed Rule Change To Amend
NYSE Arca Rule 5.2–E(j)(6) Relating to
Equity Index-Linked Securities Listing
Standards Set Forth in NYSE Arca Rule
5.2–E(j)(6)(B)(I)
February 12, 2019.
On September 10, 2018, NYSE Arca,
Inc. (‘‘NYSE Arca’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Act’’) 1 and Rule 19b–4
thereunder,2 a proposed rule change to
amend listing standards set forth in
NYSE Arca Rule 5.2–E(j)(6)(B)(I) relating
to criteria applicable to components of
an index underlying an issue of Equity
Index-Linked Securities. The proposed
rule change was published for comment
1 15
2 17
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U.S.C. 78s(b)(1).
CFR 240.19b–4.
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For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.7
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019–02607 Filed 2–15–19; 8:45 am]
BILLING CODE 8011–01–P
DEPARTMENT OF STATE
[Public Notice: 10677]
Notice of Public Meeting
3 See Securities Exchange Act Release No. 84279
(Sept. 25, 2018), 83 FR 49437.
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 84576,
83 FR 58315 (Nov. 19, 2018).
6 See Securities Exchange Act Release No. 84863,
83 FR 66787 (Dec. 27, 2018).
7 17 CFR 200.30–3(a)(12).
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Federal Register / Vol. 84, No. 33 / Tuesday, February 19, 2019 / Notices
her request to Ms. Robinson by March
7. Requests received after that date will
be considered but might not be able to
be fulfilled.
The agenda of the meeting will
include discussion of the announced
U.S. withdrawal from the Universal
Postal Union, and efforts underway that
might allow the United States to meet
the goals articulated in the October 17,
2018 White House announcement while
remaining in the Organization.
For Further Information Contact:
Please contact Ms. Shereece Robinson of
the Office of Specialized and Technical
Agencies (IO/STA), Bureau of
International Organization Affairs, U.S.
Department of State, at tel. (202) 663–
2649, by email at RobinsonSA2@
state.gov, or by mail at IO/STA, Suite L–
409 SA–1; U.S. Department of State;
Washington, DC 20522.
Joseph P. Murphy,
Designated Federal Officer, Advisory
Committee on International Postal and
Delivery Services, Office of Specialized and
Technical Agencies, Bureau of International
Organization Affairs, Department of State.
[FR Doc. 2019–02670 Filed 2–15–19; 8:45 am]
BILLING CODE 4710–19–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
Membership in the National Parks
Overflights Advisory Group
Federal Aviation
Administration, Transportation.
ACTION: Notice.
AGENCY:
By Federal Register notice on
July 31, 2018 the National Park Service
(NPS) and the Federal Aviation
Administration (FAA) invited interested
persons to apply to fill one current and
three future openings on the National
Parks Overflights Advisory Group
(NPOAG) to represent air tour operator
concerns, general aviation, and Native
American interests. This notice informs
the public of the selection made for the
vacancies representing air tour operator
concerns and Native American interests
and invites persons interested in serving
on the NPOAG to apply for current
openings representing Native American
concerns and general aviation.
DATES: Persons interested in applying
for the NPOAG openings representing
Native American concerns and general
aviation interests need to apply by
March 22, 2019.
FOR FURTHER INFORMATION CONTACT:
Keith Lusk, Special Programs Staff,
Federal Aviation Administration,
Western-Pacific Region Headquarters,
tkelley on DSKBCP9HB2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:46 Feb 15, 2019
Jkt 247001
727 S Aviation Boulevard, Suite #150,
El Segundo, CA 90245, telephone: (424)
405–7017, email: Keith.Lusk@faa.gov.
SUPPLEMENTARY INFORMATION:
Background
The National Parks Air Tour
Management Act of 2000 (the Act) was
enacted on April 5, 2000, as Public Law
106–181, and subsequently amended in
the FAA Modernization and Reform Act
of 2012. The Act required the
establishment of the advisory group
within one year after its enactment. The
NPOAG was established in March 2001.
The advisory group is comprised of a
balanced group of representatives of
general aviation, commercial air tour
operations, environmental concerns,
and Native American tribes. The
Administrator of the FAA and the
Director of NPS (or their designees)
serve as ex officio members of the
group. Representatives of the
Administrator and Director serve
alternating one-year terms as chairman
of the advisory group.
In accordance with the Act, the
advisory group provides ‘‘advice,
information, and recommendations to
the Administrator and the Director—
(1) On the implementation of this title
[the Act] and the amendments made by
this title;
(2) On commonly accepted quiet
aircraft technology for use in
commercial air tour operations over a
national park or tribal lands, which will
receive preferential treatment in a given
air tour management plan;
(3) On other measures that might be
taken to accommodate the interests of
visitors to national parks; and
(4) At the request of the Administrator
and the Director, safety, environmental,
and other issues related to commercial
air tour operations over a national park
or tribal lands.’’
Membership
The current NPOAG is made up of
one member representing general
aviation, three members representing
the commercial air tour industry, four
members representing environmental
concerns, and two members
representing Native American interests.
Members serve 3-year terms. Current
members of the NPOAG are as follows:
One open seat to represent general
aviation; Eric Lincoln and Matt Zuccaro
representing commercial air tour
operators with one open seat; Les
Blomberg, Rob Smith, John Eastman,
and Dick Hingson representing
environmental interests; and two open
seats to represent Native American
interests.
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4891
Selection
Alan Stephen of Grand Canyon
Airlines has been selected for the
current open seat to represent
commercial air tour operators. Carl
Slater of the Navajo Nation Division of
Transportation has been selected for one
of the current open seats to represent
Native American interests. These
NPOAG members 3 year terms
commence on the publication date of
this Federal Register notice. No
selections were made for the additional
opening to represent Native American
interests as well as general aviation.
The FAA and NPS invite persons
interested in applying for the two
remaining openings on the NPOAG to
contact Mr. Keith Lusk (contact
information is written above in FOR
FURTHER INFORMATION CONTACT).
Requests to serve on the NPOAG must
be made to Mr. Lusk in writing and
postmarked or emailed on or before
March 22, 2019. The request should
indicate whether or not you are a
member of an association or group
related to Native American concerns or
general aviation or have another
affiliation with issues relating to aircraft
flights over national parks. The request
should also state what expertise you
would bring to the NPOAG as related to
issues and concerns with aircraft flights
over national parks. The term of service
for NPOAG members is 3 years. Current
members may re-apply for another term.
On August 13, 2014, the Office of
Management and Budget issued revised
guidance regarding the prohibition
against appointing or not reappointing
federally registered lobbyists to serve on
advisory committees (79 FR 47482).
Therefore, before appointing an
applicant to serve on the NPOAG, the
FAA and NPS will require the
prospective candidate to certify that
they are not a federally registered
lobbyist.
Issued in El Segundo, CA, on January 28,
2019.
Keith Lusk
Program Manager, Special Programs Staff,
Western-Pacific Region.
[FR Doc. 2019–02680 Filed 2–15–19; 8:45 am]
BILLING CODE 4910–13–P
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]]>Agencies
[Federal Register Volume 84, Number 33 (Tuesday, February 19, 2019)]
[Notices]
[Pages 4890-4891]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-02670]
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DEPARTMENT OF STATE
[Public Notice: 10677]
Notice of Public Meeting
As required by the Federal Advisory Committee Act, Public Law 92-
463, the Department of State gives notice of a meeting of the Advisory
Committee on International Postal and Delivery Services. This Committee
will meet on Thursday, March 14, 2019, from 1:00 p.m. to 5:00 p.m.
Eastern Time in the American Institute of Architects Board Room at 1735
New York Avenue NW, Washington, DC 20006.
Any member of the public interested in providing input to the
meeting should contact Ms. Shereece Robinson, whose contact information
is listed below (see the ``for further information'' section of this
notice). Each individual providing oral input is requested to limit his
or her comments to five minutes. Requests to be added to the speakers
list must be received in writing (letter or email) prior to the close
of business on Thursday, March 7, 2019; written comments from members
of the public for distribution at this meeting must reach Ms. Robinson
by letter or email on this same date. A member of the public requesting
reasonable accommodation should also make his/
[[Page 4891]]
her request to Ms. Robinson by March 7. Requests received after that
date will be considered but might not be able to be fulfilled.
The agenda of the meeting will include discussion of the announced
U.S. withdrawal from the Universal Postal Union, and efforts underway
that might allow the United States to meet the goals articulated in the
October 17, 2018 White House announcement while remaining in the
Organization.
For Further Information Contact: Please contact Ms. Shereece
Robinson of the Office of Specialized and Technical Agencies (IO/STA),
Bureau of International Organization Affairs, U.S. Department of State,
at tel. (202) 663-2649, by email at RobinsonSA2@state.gov, or by mail
at IO/STA, Suite L-409 SA-1; U.S. Department of State; Washington, DC
20522.
Joseph P. Murphy,
Designated Federal Officer, Advisory Committee on International Postal
and Delivery Services, Office of Specialized and Technical Agencies,
Bureau of International Organization Affairs, Department of State.
[FR Doc. 2019-02670 Filed 2-15-19; 8:45 am]
BILLING CODE 4710-19-P
