Proposed Collection; Comment Request, 27253-27254 [2020-09796]
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Federal Register / Vol. 85, No. 89 / Thursday, May 7, 2020 / Notices
and revenue for the Customized Postage
program has steadily declined in recent
years. Id. The Postal Service also
determined that the number of requests
for new authorizations has also
declined, and as of June 16, 2020, no
authorized vendors will remain for the
Customized Postage program. Id. The
Postal Service states that the revenue
from the Customized Postage program
has also declined by approximately $11
million from FY 2017 to FY 2019. Id. at
3. The Postal Service states that it
believes it would have received the
majority of the revenue even in absence
of the Customized Postage program. Id.
Therefore, the Postal Service
determined that the business risks of the
Customized Postage program outweigh
the declining benefits of the program.
Id.
The Postal Service maintains that the
removal of the Customized Postage
program would only minimally impact
consumers and small businesses. Id. It
notes that demand for the program has
been weak and continually declining,
and notes that there are several
alternatives to Customized Postage in
the Postal Service’s existing offerings.
Id. at 3–4.
The Postal Service states that it has
considered whether removal of the
Customized Postage program is
consistent with the factors and
objectives of section 3622 as required by
39 CFR 3040.132(b). Id. at 4. It
maintains that ‘‘none of the factors and
objectives of 39 U.S.C. 3622 are directly
applicable’’ to removal of the
Customized Postage program but that it
is ‘‘nonetheless consistent with the
spirit of Section 3622.’’ Id. at 4.
khammond on DSKJM1Z7X2PROD with NOTICES
III. Notice of Commission Action
Pursuant to 39 CFR 3040.133, the
Commission has posted the Request on
its website and invites comments on
whether the Postal Service’s filings are
consistent with 39 CFR 3040.321.
Comments are due no later than May 18,
2020. The filing can be accessed via the
Commission’s website (https://
www.prc.gov).
The Commission appoints Richard A.
Oliver to represent the interests of the
general public (Public Representative)
in this docket.
IV. Ordering Paragraphs
It is ordered:
1. The Commission establishes Docket
No. MC2020–126 to consider matters
raised by the Notice.
2. Comments by interested persons
are due by May 18, 2020.
3. Pursuant to 39 U.S.C. 505, Richard
A. Oliver is appointed to serve as an
officer of the Commission (Public
VerDate Sep<11>2014
16:45 May 06, 2020
Jkt 250001
Representative) to represent the
interests of the general public in this
proceeding.
4. The Commission directs the
Secretary of the Commission to arrange
for prompt publication of this notice in
the Federal Register.
By the Commission.
Erica A. Barker,
Secretary.
[FR Doc. 2020–09802 Filed 5–6–20; 8:45 am]
BILLING CODE 7710–FW–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 203A–2(d), SEC File No. 270–630,
OMB Control No. 3235–0689
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 (the
‘‘Commission’’) is soliciting comments
on the collections of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget (‘‘OMB’’) for
extension and approval.
The title of the collection of
information is: ‘‘Exemption for Certain
Multi-State Investment Advisers (Rule
203A–2(d)).’’ Its currently approved
OMB control number is 3235–0689. 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.
Pursuant to section 203A of the
Investment Advisers Act of 1940 (the
‘‘Act’’) (15 U.S.C. 80b–3a), an
investment adviser that is regulated or
required to be regulated as an
investment adviser in the state in which
it maintains its principal office and
place of business is prohibited from
registering with the Commission unless
that adviser has at least $25 million in
assets under management or advises a
Commission-registered investment
company. Section 203A also prohibits
from Commission registration an adviser
that: (i) Has assets under management
between $25 million and $100 million;
(ii) is required to be registered as an
investment adviser with the state in
which it maintains its principal office
PO 00000
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Sfmt 4703
27253
and place of business; and (iii) if
registered, would be subject to
examination as an adviser by that state
(a ‘‘mid-sized adviser’’). A mid-sized
adviser that otherwise would be
prohibited may register with the
Commission if it would be required to
register with 15 or more states.
Similarly, Rule 203A–2(d) under the Act
(17 CFR 275.203a–2(d)) provides that
the prohibition on registration with the
Commission does not apply to an
investment adviser that is required to
register in 15 or more states. An
investment adviser relying on this
exemption also must: (i) Include a
representation on Schedule D of Form
ADV that the investment adviser has
concluded that it must register as an
investment adviser with the required
number of states; (ii) undertake to
withdraw from registration with the
Commission if the adviser indicates on
an annual updating amendment to Form
ADV that it would be required by the
laws of fewer than 15 states to register
as an investment adviser with the state;
and (iii) maintain in an easily accessible
place a record of the states in which the
investment adviser has determined it
would, but for the exemption, be
required to register for a period of not
less than five years from the filing of a
Form ADV relying on the rule.
Respondents to this collection of
information are investment advisers
required to register in 15 or more states
absent the exemption that rely on rule
203A–2(d) to register with the
Commission. The information collected
under rule 203A–2(d) permits the
Commission’s examination staff to
determine an adviser’s eligibility for
registration with the Commission under
this exemptive rule and is also
necessary for the Commission staff to
use in its examination and oversight
program. This collection of information
is codified at 17 CFR 275.203a–2(d) and
is mandatory to qualify for and maintain
Commission registration eligibility
under rule 203A–2(d). Responses to the
recordkeeping requirements under rule
203A–2(d) in the context of the
Commission’s examination and
oversight program are generally kept
confidential.
The estimated number of investment
advisers subject to the collection of
information requirements under the rule
is 106. These advisers will incur an
average one-time initial burden of
approximately 8 hours, and an average
ongoing burden of approximately 8
hours per year, to keep records
sufficient to demonstrate that they meet
the 15-state threshold. These estimates
are based on an estimate that each year
an investment adviser will spend
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27254
Federal Register / Vol. 85, No. 89 / Thursday, May 7, 2020 / Notices
approximately 0.5 hours creating a
record of its determination whether it
must register as an investment adviser
with each of the 15 states required to
rely on the exemption, and
approximately 0.5 hours to maintain
these records. Accordingly, we estimate
that rule 203A–2(d) results in an annual
aggregate burden of collection for SECregistered investment advisers of a total
of 848 hours. Estimates of average
burden hours 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.
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.
Please direct your written comments
to David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549; or send an email to: PRA_
Mailbox@sec.gov.
Dated: May 4, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–09796 Filed 5–6–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
khammond on DSKJM1Z7X2PROD with NOTICES
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 0–2, Form ADV–NR, SEC File No.
270–214, OMB Control No. 3235–0240
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
VerDate Sep<11>2014
16:45 May 06, 2020
Jkt 250001
(‘‘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.
The title for the collection of
information is ‘‘Rule 0–2 and Form
ADV–NR under the Investment Advisers
Act of 1940.’’ Rule 0–2 and Form ADV–
NR facilitate service of process on a
non-resident investment adviser, or on a
non-resident general partner or nonresident managing agent of an
investment adviser. Form ADV–NR
designates the Secretary of the
Commission, among others, as the nonresident general partner’s or nonresident managing agent’s agent for
service of process. The collection of
information is necessary for us to obtain
appropriate consent to permit the
Commission and other parties to bring
actions against non-resident partners
and agents for violations of the federal
securities laws and to enable the
commencement of legal and/or
regulatory actions against investment
advisers that are doing business in the
United States, but are not residents.
The respondents to this information
collection would be each non-resident
general partner or non-resident
managing agent of an SEC-registered
investment adviser and each nonresident general partner or non-resident
managing agent of an exempt reporting
adviser. The Commission has estimated
that compliance with the requirement to
complete Form ADV–NR imposes a total
burden of approximately 1.0 hours for
an adviser. Based on our experience
with these filings, we estimate that we
will receive 53 Form ADV–NR filings
annually. Based on the 1.0 hours per
respondent estimate, the Commission
staff estimates a total annual burden of
53 hours for this collection of
information.
Rule 0–2 and Form ADV–NR do not
require recordkeeping or records
retention. The collection of information
requirements under the rule and form is
mandatory. The information collected
pursuant to Rule 0–2 and Form ADV–
NR is a filing with the Commission.
This filing is not kept confidential and
must be preserved until at least three
years after termination of the enterprise.
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 proposed collection of
information is necessary for the proper
performance of the functions of the
PO 00000
Frm 00051
Fmt 4703
Sfmt 4703
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 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 OMB control number.
Please direct your written comments
to David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549; or send an email to: PRA_
Mailbox@sec.gov.
Dated: May 4, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–09797 Filed 5–6–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88795; File No. SR–
CboeBZX–2020–036]
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of Filing of
a Proposed Rule Change To Amend
Rule 14.11, Other Securities
May 1, 2020.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 1 and Rule 19b–4 thereunder,2
notice is hereby given that on April 29,
2020, Cboe BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX’’) filed with the
Securities and Exchange Commission
(the ‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared by the Exchange. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
E:\FR\FM\07MYN1.SGM
07MYN1
]]>Agencies
[Federal Register Volume 85, Number 89 (Thursday, May 7, 2020)]
[Notices]
[Pages 27253-27254]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-09796]
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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 203A-2(d), SEC File No. 270-630, OMB Control No. 3235-0689
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
(the ``Commission'') is soliciting comments on the collections of
information summarized below. The Commission plans to submit this
existing collection of information to the Office of Management and
Budget (``OMB'') for extension and approval.
The title of the collection of information is: ``Exemption for
Certain Multi-State Investment Advisers (Rule 203A-2(d)).'' Its
currently approved OMB control number is 3235-0689. 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.
Pursuant to section 203A of the Investment Advisers Act of 1940
(the ``Act'') (15 U.S.C. 80b-3a), an investment adviser that is
regulated or required to be regulated as an investment adviser in the
state in which it maintains its principal office and place of business
is prohibited from registering with the Commission unless that adviser
has at least $25 million in assets under management or advises a
Commission-registered investment company. Section 203A also prohibits
from Commission registration an adviser that: (i) Has assets under
management between $25 million and $100 million; (ii) is required to be
registered as an investment adviser with the state in which it
maintains its principal office and place of business; and (iii) if
registered, would be subject to examination as an adviser by that state
(a ``mid-sized adviser''). A mid-sized adviser that otherwise would be
prohibited may register with the Commission if it would be required to
register with 15 or more states. Similarly, Rule 203A-2(d) under the
Act (17 CFR 275.203a-2(d)) provides that the prohibition on
registration with the Commission does not apply to an investment
adviser that is required to register in 15 or more states. An
investment adviser relying on this exemption also must: (i) Include a
representation on Schedule D of Form ADV that the investment adviser
has concluded that it must register as an investment adviser with the
required number of states; (ii) undertake to withdraw from registration
with the Commission if the adviser indicates on an annual updating
amendment to Form ADV that it would be required by the laws of fewer
than 15 states to register as an investment adviser with the state; and
(iii) maintain in an easily accessible place a record of the states in
which the investment adviser has determined it would, but for the
exemption, be required to register for a period of not less than five
years from the filing of a Form ADV relying on the rule.
Respondents to this collection of information are investment
advisers required to register in 15 or more states absent the exemption
that rely on rule 203A-2(d) to register with the Commission. The
information collected under rule 203A-2(d) permits the Commission's
examination staff to determine an adviser's eligibility for
registration with the Commission under this exemptive rule and is also
necessary for the Commission staff to use in its examination and
oversight program. This collection of information is codified at 17 CFR
275.203a-2(d) and is mandatory to qualify for and maintain Commission
registration eligibility under rule 203A-2(d). Responses to the
recordkeeping requirements under rule 203A-2(d) in the context of the
Commission's examination and oversight program are generally kept
confidential.
The estimated number of investment advisers subject to the
collection of information requirements under the rule is 106. These
advisers will incur an average one-time initial burden of approximately
8 hours, and an average ongoing burden of approximately 8 hours per
year, to keep records sufficient to demonstrate that they meet the 15-
state threshold. These estimates are based on an estimate that each
year an investment adviser will spend
[[Page 27254]]
approximately 0.5 hours creating a record of its determination whether
it must register as an investment adviser with each of the 15 states
required to rely on the exemption, and approximately 0.5 hours to
maintain these records. Accordingly, we estimate that rule 203A-2(d)
results in an annual aggregate burden of collection for SEC-registered
investment advisers of a total of 848 hours. Estimates of average
burden hours 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.
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.
Please direct your written comments to David Bottom, Director/Chief
Information Officer, Securities and Exchange Commission, C/O Cynthia
Roscoe, 100 F Street NE, Washington, DC 20549; or send an email to:
[email protected].
Dated: May 4, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-09796 Filed 5-6-20; 8:45 am]
BILLING CODE 8011-01-P
