Submission for OMB Review; Comment Request, 71382-71383 [2020-24840]

Download as PDF 71382 Federal Register / Vol. 85, No. 217 / Monday, November 9, 2020 / Notices 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. 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: November 4, 2020. J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–24844 Filed 11–6–20; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–824; OMB Control No. 3235–0500] 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 khammond on DSKJM1Z7X2PROD with NOTICES Extension: Rule 608 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 608 (17 CFR 242.608) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). Rule 608 specifies procedures for filing or amending national market system plans (‘‘NMS Plans’’). Selfregulatory organizations (‘‘SROs’’) filing VerDate Sep<11>2014 16:35 Nov 06, 2020 Jkt 253001 a new NMS Plan must submit the text of the NMS Plan to the Commission, along with a statement of purpose, and, if applicable, specified supporting materials that may include: (1) A copy of all governing or constituent documents, (2) a description of the manner in which the NMS Plan, and any facility or procedure contemplated by the NMS Plan, will be implemented, (3) a listing of all significant phases of development and implementation contemplated by the NMS Plan, including a projected completion date for each phase, (4) an analysis of the competitive impact of implementing the NMS Plan, (5) a description of any written agreements or understandings between or among plan participants or sponsors relating to interpretations of the NMS Plan or conditions for becoming a plan participant or sponsor, and (6) a description of the manner in which any facility contemplated by the NMS Plan shall be operated. Participants or sponsors to the NMS Plan must ensure that a current and complete version of the NMS Plan is posted on a designated website or a plan website after being notified by the Commission that the NMS Plan is effective. Each plan participant or sponsor must also provide a link on its own website to the current website to the current version of the NMS Plan. The Commission estimates that the creation and submission of a new NMS Plan and any related materials would result in an average aggregate burden of approximately 850 hours per year (25 SROs × 34 hours = 850 hours). The Commission further estimates an average aggregate burden of approximately 125 hours per year (25 SROs × 5 hours = 125 hours), for each of the SROs to keep a current and complete version of the NMS Plan posted on a designated website or a plan website, and to provide a link to the current version of the NMS Plan on its own website. In addition, the Commission estimates that the creation of a new NMS Plan and any related materials would result in an average aggregate cost of approximately $150,000 per year (25 SROs × $6,000 = $150,000). SROs proposing to amend an existing NMS Plan must submit the text of the amendment to the Commission, along with a statement of purpose, and, if applicable, the supporting materials described above, as well as a statement that the amendment has been approved by the plan participants or sponsors in accordance with the terms of the NMS Plan. Participants or sponsors to the NMS Plan must ensure that any proposed amendments are posted to a PO 00000 Frm 00080 Fmt 4703 Sfmt 4703 designated website or a plan website after filing the amendments with the Commission and that those websites are updated to reflect the current status of the amendment and the NMS Plan. Each plan participant or sponsor must also provide a link on its own website to the current version of the NMS Plan. The Commission estimates that the creation and submission of NMS Plan amendments and any related materials would result in an average aggregate burden of approximately 11,050 hours per year (25 SROs × 442 hours = 11,050 hours). The Commission further estimates an average aggregate burden of approximately 124 hours per year (25 SROs × 4.94 hours = 123.5 hours rounded up to 124) for SROs to post any pending NMS Plan amendments to a designated website or a plan website and to update such websites to reflect the current status of the amendment and the NMS Plan. In addition, the Commission estimates that the creation of a NMS Plan amendment and any related materials would result in an average aggregate cost of approximately $325,000 per year (25 SROs × $13,000 = $325,000). Finally, to the extent that a plan processor is required for any facility contemplated by a NMS Plan, the plan participants or sponsors must file with the Commission a statement identifying the plan processor selected, describing the material terms under which the plan processor is to serve, and indicating the solicitation efforts, if any, for alternative plan processors, the alternatives considered, and the reasons for the selection of the plan processor. The Commission estimates that the preparation and materials related to the selection of a plan processor would result in an average aggregate burden of approximately 283 hours per year (25 SROs × 11.33 hours = 283.33 rounded down to 233). In addition, the Commission estimates that the preparation and submission of materials related to the selection of a plan processor would result in an average aggregate cost of approximately $8,333 per year (25 SROs × $333.33 = $8,333.33 rounded down to $8,333). The above estimates result in a total annual industry burden of approximately 12,432 hours (850 + 125 + 11,050 + 124 + 283) and a total annual industry cost of approximately $483,333 ($150,000 + $325,000 + $8,333). Compliance with Rule 608 is mandatory. The text of the NMS Plans and any amendments will not be confidential, but published on a designated website or a plan website. To the extent that Rule 608 requires the SROs to submit confidential information E:\FR\FM\09NON1.SGM 09NON1 Federal Register / Vol. 85, No. 217 / Monday, November 9, 2020 / Notices to the Commission, that information will be kept confidential subject to the provisions of applicable law.1 The SROs are required by law to retain the records and information that are collected pursuant to Rule 608 for a period of not less than 5 years, the first 2 years in an easily accessible place.2 Rule 608 does not affect this existing requirement. 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. The public may view background documentation for this information collection at the following website: www.reginfo.gov. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to (i) www.reginfo.gov/public/do/ PRAMain and (ii) David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/ o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or by sending an email to: PRA_Mailbox@sec.gov. Dated: November 4, 2020. J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–24840 Filed 11–6–20; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Dated: November 4, 2020. J. Matthew DeLesDernier, Assistant Secretary. [SEC File No. 270–423, OMB Control No. 3235–0472] [FR Doc. 2020–24842 Filed 11–6–20; 8:45 am] BILLING CODE 8011–01–P Submission for OMB Review; Comment Request Upon Written Request, Copies Available From: U.S. Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549–2736 Extension: Rule 15c1–6 khammond on DSKJM1Z7X2PROD with NOTICES 6 (17 CFR 240.15c1–6) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). Rule 15c1–6 states that any brokerdealer trying to sell to or buy from a customer a security in a primary or secondary distribution in which the broker-dealer is participating or is otherwise financially interested must give the customer written notification of the broker-dealer’s participation or interest at or before completion of the transaction. The Commission estimates that approximately 365 respondents will collect information annually under Rule 15c1–6 and that each respondent will spend approximately 10 hours annually complying with the collection of information requirement for a total burden of approximately 3,650 hours per year in the aggregate. The public may view background documentation for this information collection at the following website: www.reginfo.gov. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to (i) www.reginfo.gov/public/do/ PRAMain and (ii) David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/ o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or by sending an email to: PRA_Mailbox@sec.gov. 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 existing collection of information provided for in Rule 15c1– 1 See, e.g., 5 U.S.C. 552 et seq.; 15 U.S.C. 78x (governing the public availability of information obtained by the Commission). 2 See 17 CFR 240.17a–1(b). VerDate Sep<11>2014 16:35 Nov 06, 2020 Jkt 253001 SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–422, OMB Control No. 3235–0471] Proposed Collection; Comment Request Upon Written Request, Copies Available From: U.S. Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549–2736 Extension: Rule 15c1–5 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 15c1–5 (17 CFR PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 71383 240.15c1–5) 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 15c1–5 states that any brokerdealer controlled by, controlling, or under common control with the issuer of a security that the broker-dealer is trying to sell to or buy from a customer must give the customer written notification disclosing the control relationship at or before completion of the transaction. The Commission estimates that 181 respondents provide notifications annually under Rule 15c1– 5 and that each respondent would spend approximately 10 hours per year complying with the requirements of the rule for a total burden of approximately 1,810 hours per year. There is no retention period requirement under Rule 15c1–5. This Rule does not involve the collection of confidential information. Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; (b) the accuracy of the Commission’s estimates of the burden of the proposed collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be 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 unless it displays a currently 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: November 4, 2020. J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–24841 Filed 11–6–20; 8:45 am] BILLING CODE 8011–01–P E:\FR\FM\09NON1.SGM 09NON1

Agencies

[Federal Register Volume 85, Number 217 (Monday, November 9, 2020)]
[Notices]
[Pages 71382-71383]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-24840]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-824; OMB Control No. 3235-0500]


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 608

    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 
608 (17 CFR 242.608) under the Securities Exchange Act of 1934 (15 
U.S.C. 78a et seq.).
    Rule 608 specifies procedures for filing or amending national 
market system plans (``NMS Plans''). Self-regulatory organizations 
(``SROs'') filing a new NMS Plan must submit the text of the NMS Plan 
to the Commission, along with a statement of purpose, and, if 
applicable, specified supporting materials that may include: (1) A copy 
of all governing or constituent documents, (2) a description of the 
manner in which the NMS Plan, and any facility or procedure 
contemplated by the NMS Plan, will be implemented, (3) a listing of all 
significant phases of development and implementation contemplated by 
the NMS Plan, including a projected completion date for each phase, (4) 
an analysis of the competitive impact of implementing the NMS Plan, (5) 
a description of any written agreements or understandings between or 
among plan participants or sponsors relating to interpretations of the 
NMS Plan or conditions for becoming a plan participant or sponsor, and 
(6) a description of the manner in which any facility contemplated by 
the NMS Plan shall be operated. Participants or sponsors to the NMS 
Plan must ensure that a current and complete version of the NMS Plan is 
posted on a designated website or a plan website after being notified 
by the Commission that the NMS Plan is effective. Each plan participant 
or sponsor must also provide a link on its own website to the current 
website to the current version of the NMS Plan.
    The Commission estimates that the creation and submission of a new 
NMS Plan and any related materials would result in an average aggregate 
burden of approximately 850 hours per year (25 SROs x 34 hours = 850 
hours). The Commission further estimates an average aggregate burden of 
approximately 125 hours per year (25 SROs x 5 hours = 125 hours), for 
each of the SROs to keep a current and complete version of the NMS Plan 
posted on a designated website or a plan website, and to provide a link 
to the current version of the NMS Plan on its own website. In addition, 
the Commission estimates that the creation of a new NMS Plan and any 
related materials would result in an average aggregate cost of 
approximately $150,000 per year (25 SROs x $6,000 = $150,000).
    SROs proposing to amend an existing NMS Plan must submit the text 
of the amendment to the Commission, along with a statement of purpose, 
and, if applicable, the supporting materials described above, as well 
as a statement that the amendment has been approved by the plan 
participants or sponsors in accordance with the terms of the NMS Plan. 
Participants or sponsors to the NMS Plan must ensure that any proposed 
amendments are posted to a designated website or a plan website after 
filing the amendments with the Commission and that those websites are 
updated to reflect the current status of the amendment and the NMS 
Plan. Each plan participant or sponsor must also provide a link on its 
own website to the current version of the NMS Plan. The Commission 
estimates that the creation and submission of NMS Plan amendments and 
any related materials would result in an average aggregate burden of 
approximately 11,050 hours per year (25 SROs x 442 hours = 11,050 
hours). The Commission further estimates an average aggregate burden of 
approximately 124 hours per year (25 SROs x 4.94 hours = 123.5 hours 
rounded up to 124) for SROs to post any pending NMS Plan amendments to 
a designated website or a plan website and to update such websites to 
reflect the current status of the amendment and the NMS Plan. In 
addition, the Commission estimates that the creation of a NMS Plan 
amendment and any related materials would result in an average 
aggregate cost of approximately $325,000 per year (25 SROs x $13,000 = 
$325,000).
    Finally, to the extent that a plan processor is required for any 
facility contemplated by a NMS Plan, the plan participants or sponsors 
must file with the Commission a statement identifying the plan 
processor selected, describing the material terms under which the plan 
processor is to serve, and indicating the solicitation efforts, if any, 
for alternative plan processors, the alternatives considered, and the 
reasons for the selection of the plan processor. The Commission 
estimates that the preparation and materials related to the selection 
of a plan processor would result in an average aggregate burden of 
approximately 283 hours per year (25 SROs x 11.33 hours = 283.33 
rounded down to 233). In addition, the Commission estimates that the 
preparation and submission of materials related to the selection of a 
plan processor would result in an average aggregate cost of 
approximately $8,333 per year (25 SROs x $333.33 = $8,333.33 rounded 
down to $8,333).
    The above estimates result in a total annual industry burden of 
approximately 12,432 hours (850 + 125 + 11,050 + 124 + 283) and a total 
annual industry cost of approximately $483,333 ($150,000 + $325,000 + 
$8,333).
    Compliance with Rule 608 is mandatory. The text of the NMS Plans 
and any amendments will not be confidential, but published on a 
designated website or a plan website. To the extent that Rule 608 
requires the SROs to submit confidential information

[[Page 71383]]

to the Commission, that information will be kept confidential subject 
to the provisions of applicable law.\1\ The SROs are required by law to 
retain the records and information that are collected pursuant to Rule 
608 for a period of not less than 5 years, the first 2 years in an 
easily accessible place.\2\ Rule 608 does not affect this existing 
requirement.
---------------------------------------------------------------------------

    \1\ See, e.g., 5 U.S.C. 552 et seq.; 15 U.S.C. 78x (governing 
the public availability of information obtained by the Commission).
    \2\ See 17 CFR 240.17a-1(b).
---------------------------------------------------------------------------

    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.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to (i) www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or by 
sending an email to: [email protected].

    Dated: November 4, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-24840 Filed 11-6-20; 8:45 am]
BILLING CODE 8011-01-P
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