Submission for OMB Review; Comment Request, 26744-26745 [2021-10316]

Download as PDF 26744 Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Notices (2) Title of the Form/Collection: SemiAnnual Progress Report for Grantees of the Transitional Housing Assistance Grant Program. (3) Agency form number, if any, and the applicable component of the Department of Justice sponsoring the collection: Form Number: 1122–0016. U.S. Department of Justice, Office on Violence Against Women. (4) Affected public who will be asked or required to respond, as well as a brief abstract: The affected public includes the approximately 120 grantees of the Transitional Housing Assistance Grant Program (Transitional Housing Program) whose eligibility is determined by statute. This discretionary grant program provides transitional housing, short-term housing assistance, and related support services for individuals who are homeless, or in need of transitional housing or other housing assistance, as a result of fleeing a situation of domestic violence, dating violence, sexual assault, or stalking, and for whom emergency shelter services or other crisis intervention services are unavailable or insufficient. Eligible applicants are States, units of local government, Indian tribal governments, and other organizations, including domestic violence and sexual assault victim services providers, domestic violence or sexual assault coalitions, other nonprofit, nongovernmental organizations, or community-based and culturally specific organizations, that have a documented history of effective work concerning domestic violence, dating violence, sexual assault, or stalking. (5) An estimate of the total number of respondents and the amount of time estimated for an average respondent to respond/reply: It is estimated that it will take the 120 respondents (grantees) approximately one hour to complete the Semi-Annual Progress Report. The semiannual progress report is divided into sections that pertain to the different types of activities that grantees may engage in and the different types of grantees that receive funds. A Transitional Housing Program grantee will only be required to complete the sections of the form that pertain to its own specific activities. (6) An estimate of the total public burden (in hours) associated with the collection: The total annual hour burden to complete the data collection forms is 240 hours, that is 120 grantees completing a form twice a year with an estimated completion time for the form being one hour. If additional information is required contact: Melody Braswell, Deputy Clearance Officer, United States VerDate Sep<11>2014 18:56 May 14, 2021 Jkt 253001 Department of Justice, Justice Management Division, Policy and Planning Staff, Two Constitution Square, 145 N Street NE, 3E, 405B, Washington, DC 20530. Dated: May 12, 2021. Melody Braswell, Department Clearance Officer, PRA, U.S. Department of Justice. [FR Doc. 2021–10290 Filed 5–14–21; 8:45 am] BILLING CODE 4410–FX–P DEPARTMENT OF LABOR Employee Benefits Security Administration 206th Meeting of the Advisory Council on Employee Welfare and Pension Benefit Plans; Notice of Teleconference Meeting Pursuant to the authority contained in Section 512 of the Employee Retirement Income Security Act of 1974 (ERISA), 29 U.S.C. 1142, the 206th open meeting of the Advisory Council on Employee Welfare and Pension Benefit Plans (also known as the ERISA Advisory Council) will be held via a teleconference on Thursday, June 24 and Friday, June 25, 2021. The two-day meeting will begin at 9:00 a.m. and end at approximately 5:30 p.m. (ET) each day with a one-hour break for lunch. The purpose of the open meeting is for Advisory Council members to hear testimony from invited witnesses and to receive an update from the Employee Benefits Security Administration (EBSA). The Advisory Council will study the following topics: (1) Gaps in Retirement Savings Based on Race, Ethnicity and Gender, and (2) Understanding Brokerage Window Prevalence, Usage, and Implementation. Descriptions of these topics, once finalized, will be available on the ERISA Advisory Council’s web page at https:// www.dol.gov/agencies/ebsa/about-ebsa/ about-us/erisa-advisory-council. The agenda and instructions for public access to the teleconference meeting will be available on the ERISA Advisory Council’s web page at https:// www.dol.gov/agencies/ebsa/about-ebsa/ about-us/erisa-advisory-council approximately one week prior to the meeting. Organizations or members of the public wishing to submit a written statement may do so on or before Thursday, June 17, 2021, to Christine Donahue, Executive Secretary, ERISA Advisory Council. Statements should be transmitted electronically as an email attachment in text or pdf format to PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 donahue.christine@dol.gov. Statements transmitted electronically that are included in the body of the email will not be accepted. Relevant statements received on or before Thursday, June 17, 2021, will be included in the record of the meeting. No deletions, modifications, or redactions will be made to the statements received as they are public records. Individuals or representatives of organizations wishing to address the ERISA Advisory Council should forward their requests to the Executive Secretary on or before Thursday, June 17, 2021, via email to donahue.christine@dol.gov or by telephoning (202) 693–8641. Oral presentations will be limited to ten minutes, time permitting, but an extended statement may be submitted for the record. Individuals who need special accommodations should contact the Executive Secretary on or before Thursday, June 17, 2021, via email to donahue.christine@dol.gov or by telephoning (202) 693–8641. For more information about the meeting, contact the Executive Secretary at the address or telephone number above. Signed at Washington, DC, this 11th day of May, 2021. Ali Khawar, Acting Assistant Secretary, Employee Benefits Security Administration. [FR Doc. 2021–10296 Filed 5–14–21; 8:45 am] BILLING CODE 4510–29–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–429, OMB Control No. 3235–0480] 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 9b–1 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 9b–1 (17 CFR 240.9b–1), under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). E:\FR\FM\17MYN1.SGM 17MYN1 Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Notices Rule 9b–1 (17 CFR 240.9b–1) sets forth the categories of information required to be disclosed in an options disclosure document (‘‘ODD’’) and requires the options markets to file an ODD with the Commission 60 days prior to the date it is distributed to investors. In addition, Rule 9b–1 provides that the ODD must be amended if the information in the document becomes materially inaccurate or incomplete and that amendments must be filed with the Commission 30 days prior to the distribution to customers. Finally, Rule 9b–1 requires a broker-dealer to furnish to each customer an ODD and any amendments prior to accepting an order to purchase or sell an option on behalf of that customer or when approving a customer’s account for options trading. There are 16 options markets 1 that must comply with Rule 9b–1. These respondents work together to prepare a single ODD covering options traded on each market, as well as amendments to the ODD. These respondents file approximately 3 amendments per year. The staff calculates that the preparation and filing of amendments should take no more than eight hours per options market. Thus, the total time burden for options markets per year is approximately 384 hours (16 options markets × 8 hours per amendment × 3 amendments). The estimated cost for an in-house attorney is $420 per hour,2 resulting in a total internal cost of compliance for these respondents of approximately $161,280 per year (384 hours at $420 per hour). In addition, approximately 1,020 broker-dealers 3 must comply with Rule 9b–1. Each of these respondents will process an average of 3 new customers for options each week and, therefore, will have to furnish approximately 156 1 The sixteen options markets are as follows: BOX Exchange LLC, Cboe BZX Exchange, Inc., Cboe C2 Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe Exchange, Inc., Miami International Securities Exchange LLC, MIAX Emerald, LLC, MIAX PEARL, LLC, Nasdaq BX, Inc., Nasdaq GEMX, LLC, Nasdaq ISE, LLC, Nasdaq MRX, LLC, Nasdaq PHLX LLC, Nasdaq Options Market (NOM), NYSE Arca, Inc., and NYSE American LLC. 2 SIFMA did its last annual survey in 2013 and will not resume the survey process. Accordingly, the $420 figure is based on the 2013 figure ($380) adjusted by the inflation rate calculated using the Bureau of Labor Statistics’ CPI Inflation Calculator. The $380 per hour figure for an Attorney is 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. 3 The estimate of 1,020 broker-dealers required to comply with Rule 9b–1 is derived from Item 12 of the Form BD (OMB Control No. 3235–0012). This estimate may be high as it includes broker-dealers that engage in only a proprietary business, and as a result are not required to deliver an ODD, as well as those broker-dealers subject to Rule 9b–1. VerDate Sep<11>2014 18:56 May 14, 2021 Jkt 253001 ODDs per year. The postal mailing or electronic delivery of the ODD takes respondents no more than 30 seconds to complete for an annual compliance burden for each of these respondents of approximately 78 minutes or 1.3 hours. Thus, the total time burden per year for broker-dealers is approximately 1,326 hours (1,020 broker-dealers × 1.3 hours). The estimated cost for a general clerk of a broker-dealer is $63 per hour,4 resulting in a total internal cost of compliance for these respondents of approximately $83,538 per year (1,326 hours at $63 per hour). The total time burden for all respondents under this rule (both options markets and broker-dealers) is approximately 1,710 hours per year (384 + 1,326), and the total internal cost of compliance is approximately $244,818 per year ($161,280 + $83,538). 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: May 12, 2021. J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2021–10316 Filed 5–14–21; 8:45 am] BILLING CODE 8011–01–P 4 The $63 figure is based on the 2013 figure ($57) adjusted for inflation. See supra note 2. As noted above, SIFMA did its last annual survey in 2013 and will not resume the survey process. Accordingly, the $63 figure is based on the 2013 figure ($57) adjusted for inflation. The $57 per hour figure for a General Clerk is 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. The staff believes that the ODD would be mailed or electronically delivered to customers by a general clerk of the broker-dealer or some other equivalent position. PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 26745 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–91834; File No. SR–ICC– 2021–006] Self-Regulatory Organizations; ICE Clear Credit LLC; Order Approving Proposed Rule Change Relating to the ICC Clearing Rules and ICC Exercise Procedures May 11, 2021. I. Introduction On March 25, 2021, ICE Clear Credit LLC (‘‘ICC’’) filed with the Securities and Exchange Commission, pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to revise the ICC Clearing Rules (the ‘‘Rules’’) and the ICC Exercise Procedures (‘‘Exercise Procedures’’) in connection with the clearing of credit default index Swaptions (‘‘Index Swaptions’’).3 The proposed rule change was published for comment in the Federal Register on April 7, 2021.4 The Commission did not receive comments regarding the proposed rule change. For the reasons discussed below, the Commission is approving the proposed rule change. II. Description of the Proposed Rule Change ICC proposes revising its Rules and Exercise Procedures related to the clearing of Index Swaptions.5 In the case of Index Swaptions cleared by ICC, the underlying index credit default swap is limited to certain CDX and iTraxx index credit default swaps that are accepted for clearing by ICC and which would be automatically cleared by ICC upon exercise of the Index Swaption. ICC proposes minor revisions to support the clearing of Index Swaptions, including updates related to iTraxx Index Swaptions, an enhancement to the exercise and assignment process, and other clarifications. A. Rule Amendments The proposed amendments consist of minor revisions to Rule 26R–319, which addresses procedures for settlement of an exercised Index Swaption. 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 Capitalized terms used but not defined herein have the meanings specified in the Rules. 4 Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Proposed Rule Change Relating to the ICC Clearing Rules and ICC Exercise Procedures, Exchange Act Release No. 91450 (April 1, 2021), 86 FR 18087 (April 7, 2021) (‘‘Notice’’). 5 The description of the proposed rule change is excerpted from the Notice. 2 17 E:\FR\FM\17MYN1.SGM 17MYN1

Agencies

[Federal Register Volume 86, Number 93 (Monday, May 17, 2021)]
[Notices]
[Pages 26744-26745]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-10316]


=======================================================================
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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-429, OMB Control No. 3235-0480]


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 9b-1

    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 9b-1 
(17 CFR 240.9b-1), under the Securities Exchange Act of 1934 (15 U.S.C. 
78a et seq.).

[[Page 26745]]

    Rule 9b-1 (17 CFR 240.9b-1) sets forth the categories of 
information required to be disclosed in an options disclosure document 
(``ODD'') and requires the options markets to file an ODD with the 
Commission 60 days prior to the date it is distributed to investors. In 
addition, Rule 9b-1 provides that the ODD must be amended if the 
information in the document becomes materially inaccurate or incomplete 
and that amendments must be filed with the Commission 30 days prior to 
the distribution to customers. Finally, Rule 9b-1 requires a broker-
dealer to furnish to each customer an ODD and any amendments prior to 
accepting an order to purchase or sell an option on behalf of that 
customer or when approving a customer's account for options trading.
    There are 16 options markets \1\ that must comply with Rule 9b-1. 
These respondents work together to prepare a single ODD covering 
options traded on each market, as well as amendments to the ODD. These 
respondents file approximately 3 amendments per year. The staff 
calculates that the preparation and filing of amendments should take no 
more than eight hours per options market. Thus, the total time burden 
for options markets per year is approximately 384 hours (16 options 
markets x 8 hours per amendment x 3 amendments). The estimated cost for 
an in-house attorney is $420 per hour,\2\ resulting in a total internal 
cost of compliance for these respondents of approximately $161,280 per 
year (384 hours at $420 per hour).
---------------------------------------------------------------------------

    \1\ The sixteen options markets are as follows: BOX Exchange 
LLC, Cboe BZX Exchange, Inc., Cboe C2 Exchange, Inc., Cboe EDGX 
Exchange, Inc., Cboe Exchange, Inc., Miami International Securities 
Exchange LLC, MIAX Emerald, LLC, MIAX PEARL, LLC, Nasdaq BX, Inc., 
Nasdaq GEMX, LLC, Nasdaq ISE, LLC, Nasdaq MRX, LLC, Nasdaq PHLX LLC, 
Nasdaq Options Market (NOM), NYSE Arca, Inc., and NYSE American LLC.
    \2\ SIFMA did its last annual survey in 2013 and will not resume 
the survey process. Accordingly, the $420 figure is based on the 
2013 figure ($380) adjusted by the inflation rate calculated using 
the Bureau of Labor Statistics' CPI Inflation Calculator. The $380 
per hour figure for an Attorney is 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.
---------------------------------------------------------------------------

    In addition, approximately 1,020 broker-dealers \3\ must comply 
with Rule 9b-1. Each of these respondents will process an average of 3 
new customers for options each week and, therefore, will have to 
furnish approximately 156 ODDs per year. The postal mailing or 
electronic delivery of the ODD takes respondents no more than 30 
seconds to complete for an annual compliance burden for each of these 
respondents of approximately 78 minutes or 1.3 hours. Thus, the total 
time burden per year for broker-dealers is approximately 1,326 hours 
(1,020 broker-dealers x 1.3 hours). The estimated cost for a general 
clerk of a broker-dealer is $63 per hour,\4\ resulting in a total 
internal cost of compliance for these respondents of approximately 
$83,538 per year (1,326 hours at $63 per hour).
---------------------------------------------------------------------------

    \3\ The estimate of 1,020 broker-dealers required to comply with 
Rule 9b-1 is derived from Item 12 of the Form BD (OMB Control No. 
3235-0012). This estimate may be high as it includes broker-dealers 
that engage in only a proprietary business, and as a result are not 
required to deliver an ODD, as well as those broker-dealers subject 
to Rule 9b-1.
    \4\ The $63 figure is based on the 2013 figure ($57) adjusted 
for inflation. See supra note 2. As noted above, SIFMA did its last 
annual survey in 2013 and will not resume the survey process. 
Accordingly, the $63 figure is based on the 2013 figure ($57) 
adjusted for inflation. The $57 per hour figure for a General Clerk 
is 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. The staff believes that the ODD would be 
mailed or electronically delivered to customers by a general clerk 
of the broker-dealer or some other equivalent position.
---------------------------------------------------------------------------

    The total time burden for all respondents under this rule (both 
options markets and broker-dealers) is approximately 1,710 hours per 
year (384 + 1,326), and the total internal cost of compliance is 
approximately $244,818 per year ($161,280 + $83,538).
    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: May 12, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-10316 Filed 5-14-21; 8:45 am]
BILLING CODE 8011-01-P
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