Proposed Collection; Comment Request, 13025-13026 [2022-04795]
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Federal Register / Vol. 87, No. 45 / Tuesday, March 8, 2022 / Notices
essential to the security of the EDGAR
system. Form ID must be filed every
time a registrant or other person obtains
or changes an identification number.
Form ID is filed by individuals,
companies or other for-profit
organizations that are required to file
electronically. We estimate
approximately 48,493 registrants file
Form ID and it takes approximately an
estimated 0.15 hours per response for a
total annual burden of 7,274 hours.
Written comments are invited on: (a)
Whether this 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 imposed by 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 by May 8, 2022.
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.
Please direct your written comment to
David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
Mailbox@sec.gov.
Dated: March 2, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–04796 Filed 3–7–22; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–123, OMB Control No.
3235–0105]
lotter on DSK11XQN23PROD with NOTICES1
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:
Form T–3
and Exchange Commission
(‘‘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 approval.
Form T–3 (17 CFR 269.3) is an
application for qualification of an
indenture under the Trust Indenture Act
of 1939 (15 U.S.C. 77aaa et seq.). The
information provided under Form T–3
is used by the Commission to determine
whether to qualify an indenture relating
to an offering of debt securities that is
not required to be registered under the
Securities Act of 1933 (15 U.S.C. 77a et
seq.). Form T–3 takes approximately 43
hours per response to prepare and is
filed by 11 respondents. We estimate
that 25% of the 43 burden hours (11
hours per response) is prepared by the
filer for a total reporting burden of 121
hours (11 hours per response × 11
responses).
Written comments are invited on: (a)
Whether this 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 imposed by 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 by May 9, 2022.
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.
Please direct your written comment to
David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
Mailbox@sec.gov.
Dated: March 2, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–04799 Filed 3–7–22; 8:45 am]
BILLING CODE 8011–01–P
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
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13025
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–357, OMB Control No.
3235–0404]
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:
Form F–80
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’’) 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.
Form F–80 (17 CFR 239.41) is a
registration form used by large,
publicly-traded Canadian issuers to
register securities that will be offered in
a business combination, exchange offer
or other reorganization requiring the
vote of shareholders of the participating
companies. The information collected is
intended to make available material
information upon which shareholders
and investors can make informed voting
and investment decisions. Form F–80
takes approximately 2 hours per
response and is filed by approximately
4 issuers for a total annual burden of 8
hours (2 hours per response × 4
responses). The estimated burden of 2
hours per response was based upon the
amount of time necessary to compile the
registration statement using the existing
Canadian prospectus plus any
additional information required by the
Commission.
Written comments are invited on: (a)
Whether this 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 imposed by 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 by May 9, 2022.
E:\FR\FM\08MRN1.SGM
08MRN1
13026
Federal Register / Vol. 87, No. 45 / Tuesday, March 8, 2022 / Notices
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.
Please direct your written comment to
David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
Mailbox@sec.gov.
Dated: March 2, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–04795 Filed 3–7–22; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–549, OMB Control No.
3235–0610]
lotter on DSK11XQN23PROD with NOTICES1
Proposed Collection; Comment
Request; Extension: Rule 248.30
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
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 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.
Rule 248.30 (17 CFR 248.30) under
Regulation S–P is titled ‘‘Procedures to
Safeguard Customer Records and
Information; Disposal of Consumer
Report Information.’’ Rule 248.30 (the
‘‘safeguard rule’’) requires brokers,
dealers, investment companies, and
investment advisers registered with the
Commission (‘‘registered investment
advisers’’) (collectively ‘‘covered
institutions’’) to adopt written policies
and procedures for administrative,
technical, and physical safeguards to
protect customer records and
information. The safeguards must be
reasonably designed to ‘‘insure the
security and confidentiality of customer
records and information,’’ ‘‘protect
against any anticipated threats or
hazards to the security and integrity’’ of
those records, and protect against
unauthorized access to or use of those
records or information, which ‘‘could
result in substantial harm or
inconvenience to any customer.’’ The
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safeguard rule’s requirement that
covered institutions’ policies and
procedures be documented in writing
constitutes a collection of information
and must be maintained on an ongoing
basis. This requirement eliminates
uncertainty as to required employee
actions to protect customer records and
information and promotes more
systematic and organized reviews of
safeguard policies and procedures by
institutions. The information collection
also assists the Commission’s
examination staff in assessing the
existence and adequacy of covered
institutions’ safeguard policies and
procedures.
We estimate that as of the end of
2020, there are 3,681 broker-dealers,
2,840 investment companies, and
13,788 investment advisers registered
with the Commission, for a total of
20,309 covered institutions. We believe
that all of these covered institutions
have already documented their
safeguard policies and procedures in
writing and therefore will incur no
hourly burdens related to the initial
documentation of policies and
procedures. Although existing covered
institutions would not incur any initial
hourly burden in complying with the
safeguards rule, we expect that newly
registered institutions would incur some
hourly burdens associated with
documenting their safeguard policies
and procedures. We estimate that
approximately 1,375 broker-dealers,
investment companies, or investment
advisers register with the Commission
annually. However, we also expect that
approximately 20% of these newly
registered covered institutions, or 372
institutions, are affiliated with an
existing covered institution, and will
rely on an organization-wide set of
previously documented safeguard
policies and procedures created by their
affiliates. We estimate that these
affiliated newly registered covered
institutions will incur a significantly
reduced hourly burden in complying
with the safeguards rule, as they will
need only to review their affiliate’s
existing policies and procedures, and
identify and adopt the relevant policies
for their business. Therefore, we expect
that newly registered covered
institutions with existing affiliates will
incur an hourly burden of
approximately 15 hours in identifying
and adopting safeguard policies and
procedures for their business, for a total
hourly burden for all affiliated new
institutions of 5,580 hours. We expect
that half of this time would be incurred
by inside counsel at an hourly rate of
$455, and half would be by a
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compliance officer at an hourly rate of
$400, for a total cost of $2,385,450.
Finally, we expect that the 1,003
newly registered entities that are not
affiliated with an existing institution
will incur a significantly higher hourly
burden in reviewing and documenting
their safeguard policies and procedures.
We expect that virtually all of the newly
registered covered entities that do not
have an affiliate are likely to be small
entities and are likely to have smaller
and less complex operations, with a
correspondingly smaller set of safeguard
policies and procedures to document,
compared to other larger existing
institutions with multiple affiliates. We
estimate that it will take a typical newly
registered unaffiliated institution
approximately 60 hours to review,
identify, and document their safeguard
policies and procedures, for a total of
60,180 hours for all newly registered
unaffiliated entities. We expect that half
of this time would be incurred by inside
counsel at an hourly rate of $455, and
half would be by a compliance officer at
an hourly rate of $400, for a total cost
of $25,726,950.
Therefore, we estimate that the total
annual hourly burden associated with
the safeguards rule is 65,760 hours at a
total hourly cost of $28,112,400. We also
estimate that all covered institutions
will be respondents each year, for a total
of 20,309 respondents.
These estimates of average burden
hours are made solely for the purposes
of the Paperwork Reduction Act. 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 safeguard rule does not
require the reporting of any information
or the filing of any documents with the
Commission. The collection of
information required by the safeguard
rule is mandatory.
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 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 by May 9, 2022.
E:\FR\FM\08MRN1.SGM
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]]>Agencies
[Federal Register Volume 87, Number 45 (Tuesday, March 8, 2022)]
[Notices]
[Pages 13025-13026]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-04795]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-357, OMB Control No. 3235-0404]
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:
Form F-80
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'') 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.
Form F-80 (17 CFR 239.41) is a registration form used by large,
publicly-traded Canadian issuers to register securities that will be
offered in a business combination, exchange offer or other
reorganization requiring the vote of shareholders of the participating
companies. The information collected is intended to make available
material information upon which shareholders and investors can make
informed voting and investment decisions. Form F-80 takes approximately
2 hours per response and is filed by approximately 4 issuers for a
total annual burden of 8 hours (2 hours per response x 4 responses).
The estimated burden of 2 hours per response was based upon the amount
of time necessary to compile the registration statement using the
existing Canadian prospectus plus any additional information required
by the Commission.
Written comments are invited on: (a) Whether this 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 imposed by 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 by May 9, 2022.
[[Page 13026]]
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.
Please direct your written comment to David Bottom, Director/Chief
Information Officer, Securities and Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington, DC 20549 or send an email to:
[email protected].
Dated: March 2, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-04795 Filed 3-7-22; 8:45 am]
BILLING CODE 8011-01-P
