Submission for OMB Review; Comment Request, 16748 [2019-08041]
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Federal Register / Vol. 84, No. 77 / Monday, April 22, 2019 / Notices
general. 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. Rule 17j–1 requires that
records be maintained for at least five
years in an easily accessible place.7
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.
Dated: April 17, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–08040 Filed 4–19–19; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
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 DSK9F9SC42PROD with NOTICES
Extension:
Form T–4, SEC File No. 270–124, OMB
Control No. 3235–0107.
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 this
request for extension of the previously
approved collections of information
discussed below.
Form T–4 (17 CFR 269.4) is a form
used by an issuer to apply for an
exemption under Section 304(c) (15
U.S.C 77ddd(c)) of the Trust Indenture
Act of 1939 (15 U.S.C. 77aaa et seq.).
7 If information collected pursuant to the rule is
reviewed by the Commission’s examination staff, it
will be accorded the same level of confidentiality
accorded to other responses provided to the
Commission in the context of its examination and
oversight program. See section 31(c) of the
Investment Company Act (15 U.S.C. 80a–30(c)).
VerDate Sep<11>2014
17:22 Apr 19, 2019
Jkt 247001
Form T–4 is filed on occasion. The
information required by Form T–4 is
mandatory. This information is publicly
available on EDGAR. Form T–4 takes
approximately 5 hours per response to
prepare and is filed by approximately 3
respondents. We estimate that 25% of
the 5 hours per response (1 hour) is
prepared by the filer for a total annual
reporting burden of 3 hours (1 hour per
response × 3 responses).
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 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.
Dated: April 17, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–08041 Filed 4–19–19; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
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.
Extension:
Rule 15a–6. SEC File No. 270–0329, OMB
Control No. 3235–0371.
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’’) 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 15a–6 (17 CFR 240.15a–6) under
PO 00000
Frm 00112
Fmt 4703
Sfmt 4703
the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.).
Rule 15a–6 provides conditional
exemptions from the requirement to
register as a broker-dealer pursuant to
Section 15 of the Exchange Act (15
U.S.C. 78o) for foreign broker-dealers
that engage in certain specified
activities involving U.S. persons. In
particular, Rule 15a–6(a)(3) provides an
exemption from broker-dealer
registration for foreign broker-dealers
that solicit and effect transactions with
or for U.S. institutional investors or
major U.S. institutional investors
through a registered broker-dealer,
provided that the U.S. broker-dealer,
among other things, obtains certain
information about, and consents to
service of process from, the personnel of
the foreign broker-dealer involved in
such transactions, and maintains certain
records in connection therewith.
These requirements are intended to
ensure (a) that the registered brokerdealer will receive notice of the identity
of, and has reviewed the background of,
foreign personnel who will contact U.S.
investors, (b) that the foreign brokerdealer and its personnel effectively may
be served with process in the event
enforcement action is necessary, and (c)
that the Commission has ready access to
information concerning these persons
and their U.S. securities activities.
Commission staff estimates that
approximately 2,000 U.S. registered
broker-dealers will spend an average of
two hours of clerical staff time and one
hour of managerial staff time per year
obtaining the information required by
the rule, resulting in a total aggregate
burden of 6,000 hours per year for
complying with the rule. Assuming an
hourly cost of $63 1 for a compliance
clerk and $269 2 for a compliance
manager, the resultant total internal
labor cost of compliance for the
respondents is $818,000 per year (2,000
entities × ((2 hours/entity × $63/hour) +
(1 hour per entity × $283/hour)) =
$818,000).
In general, the records to be
maintained under Rule 15a–6 must be
kept for the applicable time periods as
set forth in Rule 17a–4 (17 CFR
240.17a–4) under the Exchange Act or,
with respect to the consents to service
1 The hourly rate used for a compliance clerk was
from SIFMA’s Office Salaries in the Securities
Industry 2013, modified by Commission staff to
account for an 1,800 hour work-year and multiplied
by 2.93 to account for bonuses, firm size, employee
benefits and overhead.
2 The hourly rate used for a compliance manager
was from SIFMA’s Management & Professional
Earnings in the Securities Industry 2013, modified
by Commission staff to account for an 1,800 hour
work-year and multiplied by 5.35 to account for
bonuses, firm size, employee benefits and overhead.
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22APN1
]]>Agencies
[Federal Register Volume 84, Number 77 (Monday, April 22, 2019)]
[Notices]
[Page 16748]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-08041]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
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.
Extension:
Form T-4, SEC File No. 270-124, OMB Control No. 3235-0107.
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 this request for extension of the previously approved
collections of information discussed below.
Form T-4 (17 CFR 269.4) is a form used by an issuer to apply for an
exemption under Section 304(c) (15 U.S.C 77ddd(c)) of the Trust
Indenture Act of 1939 (15 U.S.C. 77aaa et seq.). Form T-4 is filed on
occasion. The information required by Form T-4 is mandatory. This
information is publicly available on EDGAR. Form T-4 takes
approximately 5 hours per response to prepare and is filed by
approximately 3 respondents. We estimate that 25% of the 5 hours per
response (1 hour) is prepared by the filer for a total annual reporting
burden of 3 hours (1 hour per response x 3 responses).
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 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:
[email protected]; 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: [email protected]. Comments must be submitted to OMB within 30
days of this notice.
Dated: April 17, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-08041 Filed 4-19-19; 8:45 am]
BILLING CODE 8011-01-P
