Agency Information Collection Activities; Submission for OMB Review; Comment Request; Investment Advice Participants and Beneficiaries, 8222 [2021-02327]

Download as PDF 8222 Federal Register / Vol. 86, No. 22 / Thursday, February 4, 2021 / Notices years. OMB authorization for an ICR cannot be for more than three (3) years without renewal. The DOL notes that information collection requirements submitted to the OMB for existing ICRs receive a month-to-month extension while they undergo review. Agency: DOL–EBSA. Title of Collection: Employee Retirement Income Security Act of 1974 Section 408(a) Prohibited Transaction Provisions Exemption Application Procedure. OMB Control Number: 1210–0060. Affected Public: Private Sector— Businesses or other for-profits. Total Estimated Number of Respondents: 20. Total Estimated Number of Responses: 4,899. Total Estimated Annual Time Burden: 632 hours. Total Estimated Annual Other Costs Burden: $551,422. Authority: 44 U.S.C. 3507(a)(1)(D). Dated: January 28, 2021. Mara Blumenthal, Senior PRA Analyst. [FR Doc. 2021–02326 Filed 2–3–21; 8:45 am] BILLING CODE 4510–29–P DEPARTMENT OF LABOR Agency Information Collection Activities; Submission for OMB Review; Comment Request; Investment Advice Participants and Beneficiaries Notice of availability; request for comments. ACTION: The Department of Labor (DOL) is submitting this EBSAsponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited. DATES: The OMB will consider all written comments that agency receives on or before March 8, 2021. ADDRESSES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. Comments are invited on: (1) Whether the collection of information is necessary for the proper performance of jbell on DSKJLSW7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:13 Feb 03, 2021 Jkt 253001 the functions of the Department, including whether the information will have practical utility; (2) if the information will be processed and used in a timely manner; (3) the accuracy of the agency’s estimates of the burden and cost of the collection of information, including the validity of the methodology and assumptions used; (4) ways to enhance the quality, utility and clarity of the information collection; and (5) ways to minimize the burden of the collection of information on those who are to respond, including the use of automated collection techniques or other forms of information technology. FOR FURTHER INFORMATION CONTACT: Mara Blumenthal by telephone at 202– 693–8538, or by email at DOL_PRA_ PUBLIC@dol.gov. SUPPLEMENTARY INFORMATION: The Department’s rule allows financial services firms, such as a registered investment adviser, bank, or registered broker-dealer, to provide investment advice on its proprietary investment products or other investments that would result in fees or other payments to the firm, if the firm complies with a fee-leveling requirement or the advice is furnished using a certified computer model. The regulation contains the following collections of information: (1) A fiduciary adviser must furnish an initial disclosure that provides detailed information to participants about an advice arrangement before initially providing investment advice; (2) a fiduciary adviser must engage, at least annually, an independent auditor to conduct an audit of the investment advice arrangement for compliance with the regulation; (3) if the fiduciary adviser provides the investment advice through the use of a computer model, the fiduciary adviser must obtain the written certification of an eligible investment expert as to the computer model’s compliance with certain standards (e.g., applies generally accepted investment theories, unbiased operation, objective criteria) set forth in the regulation before providing the advice; and (4) fiduciary advisers must maintain records with respect to the investment advice provided in reliance on the regulation necessary to determine whether the applicable requirements of the regulation have been satisfied. For additional substantive information about this ICR, see the related notice published in the Federal Register on October 20, 2020 (85 FR 66580). This information collection is subject to the PRA. A Federal agency generally cannot conduct or sponsor a collection of information, and the public is generally not required to respond to an PO 00000 Frm 00063 Fmt 4703 Sfmt 4703 information collection, unless the OMB approves it and displays a currently valid OMB Control Number. In addition, notwithstanding any other provisions of law, no person shall generally be subject to penalty for failing to comply with a collection of information that does not display a valid OMB Control Number. See 5 CFR 1320.5(a) and 1320.6. DOL seeks PRA authorization for this information collection for three (3) years. OMB authorization for an ICR cannot be for more than three (3) years without renewal. The DOL notes that information collection requirements submitted to the OMB for existing ICRs receive a month-to-month extension while they undergo review. Agency: DOL–EBSA. Title of Collection: Investment Advice Participants and Beneficiaries. OMB Control Number: 1210–0134. Affected Public: Private Sector— Businesses or other for-profits. Total Estimated Number of Respondents: 11,396. Total Estimated Number of Responses: 23,033,030. Total Estimated Annual Time Burden: 2,423,391 hours. Total Estimated Annual Other Costs Burden: $318,912,816. Authority: 44 U.S.C. 3507(a)(1)(D). Dated: January 28, 2021. Mara Blumenthal, Senior PRA Analyst. [FR Doc. 2021–02327 Filed 2–3–21; 8:45 am] BILLING CODE 4510–29–P LIBRARY OF CONGRESS Copyright Royalty Board [Docket No. 20–CRB–0008–CA (2020–2025)] Adjustment of Cable Statutory License Royalty Rates Copyright Royalty Board, Library of Congress. ACTION: Notice of proposed settlement; request for comments. AGENCY: The Copyright Royalty Judges publish for comment a proposed settlement governing royalty rates and terms for the distant retransmission of over-the-air television and radio broadcast stations by cable television systems to their subscribers. DATES: Comments are due no later than February 25, 2021. ADDRESSES: You may send comments, identified by docket number 20–CRB– 0008–CA, online through eCRB at https://app.crb.gov. Instructions: All submissions received must include the Copyright Royalty SUMMARY: E:\FR\FM\04FEN1.SGM 04FEN1

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[Federal Register Volume 86, Number 22 (Thursday, February 4, 2021)]
[Notices]
[Page 8222]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-02327]


-----------------------------------------------------------------------

DEPARTMENT OF LABOR


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Investment Advice Participants and 
Beneficiaries

ACTION: Notice of availability; request for comments.

-----------------------------------------------------------------------

SUMMARY: The Department of Labor (DOL) is submitting this EBSA-
sponsored information collection request (ICR) to the Office of 
Management and Budget (OMB) for review and approval in accordance with 
the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR 
are invited.

DATES: The OMB will consider all written comments that agency receives 
on or before March 8, 2021.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
    Comments are invited on: (1) Whether the collection of information 
is necessary for the proper performance of the functions of the 
Department, including whether the information will have practical 
utility; (2) if the information will be processed and used in a timely 
manner; (3) the accuracy of the agency's estimates of the burden and 
cost of the collection of information, including the validity of the 
methodology and assumptions used; (4) ways to enhance the quality, 
utility and clarity of the information collection; and (5) ways to 
minimize the burden of the collection of information on those who are 
to respond, including the use of automated collection techniques or 
other forms of information technology.

FOR FURTHER INFORMATION CONTACT: Mara Blumenthal by telephone at 202-
693-8538, or by email at [email protected].

SUPPLEMENTARY INFORMATION: The Department's rule allows financial 
services firms, such as a registered investment adviser, bank, or 
registered broker-dealer, to provide investment advice on its 
proprietary investment products or other investments that would result 
in fees or other payments to the firm, if the firm complies with a fee-
leveling requirement or the advice is furnished using a certified 
computer model. The regulation contains the following collections of 
information: (1) A fiduciary adviser must furnish an initial disclosure 
that provides detailed information to participants about an advice 
arrangement before initially providing investment advice; (2) a 
fiduciary adviser must engage, at least annually, an independent 
auditor to conduct an audit of the investment advice arrangement for 
compliance with the regulation; (3) if the fiduciary adviser provides 
the investment advice through the use of a computer model, the 
fiduciary adviser must obtain the written certification of an eligible 
investment expert as to the computer model's compliance with certain 
standards (e.g., applies generally accepted investment theories, 
unbiased operation, objective criteria) set forth in the regulation 
before providing the advice; and (4) fiduciary advisers must maintain 
records with respect to the investment advice provided in reliance on 
the regulation necessary to determine whether the applicable 
requirements of the regulation have been satisfied. For additional 
substantive information about this ICR, see the related notice 
published in the Federal Register on October 20, 2020 (85 FR 66580).
    This information collection is subject to the PRA. A Federal agency 
generally cannot conduct or sponsor a collection of information, and 
the public is generally not required to respond to an information 
collection, unless the OMB approves it and displays a currently valid 
OMB Control Number. In addition, notwithstanding any other provisions 
of law, no person shall generally be subject to penalty for failing to 
comply with a collection of information that does not display a valid 
OMB Control Number. See 5 CFR 1320.5(a) and 1320.6.
    DOL seeks PRA authorization for this information collection for 
three (3) years. OMB authorization for an ICR cannot be for more than 
three (3) years without renewal. The DOL notes that information 
collection requirements submitted to the OMB for existing ICRs receive 
a month-to-month extension while they undergo review.
    Agency: DOL-EBSA.
    Title of Collection: Investment Advice Participants and 
Beneficiaries.
    OMB Control Number: 1210-0134.
    Affected Public: Private Sector-- Businesses or other for-profits.
    Total Estimated Number of Respondents: 11,396.
    Total Estimated Number of Responses: 23,033,030.
    Total Estimated Annual Time Burden: 2,423,391 hours.
    Total Estimated Annual Other Costs Burden: $318,912,816.

    Authority: 44 U.S.C. 3507(a)(1)(D).

    Dated: January 28, 2021.
Mara Blumenthal,
Senior PRA Analyst.
[FR Doc. 2021-02327 Filed 2-3-21; 8:45 am]
BILLING CODE 4510-29-P
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