Agency Information Collection Activities: Proposed Request, 62483-62484 [2022-22302]
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Federal Register / Vol. 87, No. 198 / Friday, October 14, 2022 / Notices
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as part of such audit, the auditor would
be expected to perform procedures
similar to those used for ETFs registered
under the 1940 Act; (b) the Sponsor
would facilitate the Trust’s compliance
with the financial record keeping and
reporting requirements under the
Sarbanes-Oxley Act of 2002; (c) the
Trust’s Custodian would qualify as a
‘‘custodian’’ under the 1940 Act, and
the Custodian would agree to exercise
reasonable care, prudence, and
diligence such as a person having
responsibility for the safekeeping of
property of the Trust would exercise; (d)
the Trust would be subject to the
transparency requirements of Rule 6c–
11 under the 1940 Act; (e) the Sponsor
would adopt procedures to ensure there
are no transactions with affiliated
persons that would be prohibited by
Section 17 of the 1940 Act and the
applicable rules and regulations
thereunder; (f) the Trust would maintain
a fidelity bond for the benefit of the
Trust in the maximum amount required
by Rule 17g–1 under the 1940 Act; and
(g) the Sponsor or applicable service
provider of the Trust would maintain
the books and records of the Trust in
satisfaction of the requirements of
Section 31 of the 1940 Act.221
(2) Analysis
The Commission disagrees that the
proposal should be approved because it
is designed to protect investors and the
public interest. Here, even if it were true
that, compared to trading in unregulated
spot bitcoin markets or OTC bitcoin
funds, trading a spot bitcoin-based ETP
on a national securities exchange could
provide some additional protection to
investors, or that the Shares would
provide more efficient exposure to
bitcoin than other products on the
market such as bitcoin futures ETPs, or
that approval of a spot bitcoin ETP
could enhance competition, the
Commission must consider this
potential benefit in the broader context
of whether the proposal meets each of
the applicable requirements of the
Exchange Act.222 Moreover, the same
consideration applies despite the
Exchange’s representation that the
Sponsor would voluntarily apply
certain provisions of the 1940 Act, as
described above, to the Trust. Pursuant
to Section 19(b)(2) of the Exchange Act,
the Commission must approve a
proposed rule change filed by a national
securities exchange if it finds that the
proposed rule change is consistent with
the applicable requirements of the
Exchange Act—including the
221 See
222 See
id. at 8323–24.
supra note 209.
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requirement under Section 6(b)(5) that
the rules of a national securities
exchange be designed to prevent
fraudulent and manipulative acts and
practices—and it must disapprove the
filing if it does not make such a
finding.223 Thus, even if a proposed rule
change purports to protect investors
from a particular type of investment
risk—such as experiencing a potentially
high premium/discount by investing in
an OTC bitcoin fund or roll costs by
investing in bitcoin futures ETPs—or
purports to provide benefits to investors
and the public interest—such as
enhancing competition—the proposed
rule change may still fail to meet the
requirements under the Exchange
Act.224
For the reasons discussed above, BZX
has not met its burden of demonstrating
an adequate basis in the record for the
Commission to find that the proposal is
consistent with Exchange Act Section
6(b)(5),225 and, accordingly, the
Commission must disapprove the
proposal.226
IV. Conclusion
For the reasons set forth above, the
Commission does not find, pursuant to
Section 19(b)(2) of the Exchange Act,
that the proposed rule change is
consistent with the requirements of the
Exchange Act and the rules and
regulations thereunder applicable to a
national securities exchange, and in
particular, with Section 6(b)(5) of the
Exchange Act.
It is therefore ordered, pursuant to
Section 19(b)(2) of the Exchange Act,
that proposed rule change SR–
CboeBZX–2022–006 be, and it hereby is,
disapproved.
By the Commission.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022–22345 Filed 10–13–22; 8:45 am]
BILLING CODE 8011–01–P
223 See Exchange Act Section 19(b)(2)(C), 15
U.S.C. 78s(b)(2)(C). See also Affiliated Ute Citizens
of Utah v. United States, 406 U.S. 128, 151 (1972)
(Congress enacted the Exchange Act largely ‘‘for the
purpose of avoiding frauds’’); Gabelli v. SEC, 568
U.S. 442, 451 (2013) (The ‘‘SEC’s very purpose’’ is
to detect and mitigate fraud.).
224 See SolidX Order, 82 FR at 16259; VanEck
Order, 86 FR at 54550–51; WisdomTree Order, 86
FR at 69344; Kryptoin Order, 86 FR at 74179;
Valkyrie Order, 86 FR at 74163; SkyBridge Order,
87 FR at 3881; Wise Origin Order, 87 FR at 5538;
ARK 21Shares Order, 87 FR at 20026–27.
225 15 U.S.C. 78f(b)(5).
226 In disapproving the proposed rule change, the
Commission has considered its impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
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62483
SOCIAL SECURITY ADMINISTRATION
[Docket No: SSA–2022–0053]
Agency Information Collection
Activities: Proposed Request
The Social Security Administration
(SSA) publishes a list of information
collection packages requiring clearance
by the Office of Management and
Budget (OMB) in compliance with
Public Law 104–13, the Paperwork
Reduction Act of 1995, effective October
1, 1995. This notice includes one
revision of an OMB-approved
information collection.
SSA is soliciting comments on the
accuracy of the agency’s burden
estimate; the need for the information;
its practical utility; ways to enhance its
quality, utility, and clarity; and ways to
minimize burden on respondents,
including the use of automated
collection techniques or other forms of
information technology. Mail, email, or
fax your comments and
recommendations on the information
collection(s) to the OMB Desk Officer
and SSA Reports Clearance Officer at
the following addresses or fax numbers.
Office of Management and Budget
(OMB), Attn: Desk Officer for SSA,
Comments: https://www.reginfo.gov/
public/do/PRAMain. Submit your
comments online referencing Docket ID
Number [SSA–2022–0053].
Social Security Administration (SSA),
OLCA, Attn: Reports Clearance Director,
3100 West High Rise, 6401 Security
Blvd., Baltimore, MD 21235, Fax: 410–
966–2830, Email address:
OR.Reports.Clearance@ssa.gov.
Or you may submit your comments
online through https://www.reginfo.gov/
public/do/PRAMain, referencing Docket
ID Number [SSA–2022–0053].
The information collection below is
pending at SSA. SSA will submit it to
OMB within 60 days from the date of
this notice. To be sure we consider your
comments, we must receive them no
later than December 13, 2022.
Individuals can obtain copies of the
collection instrument by writing to the
above email address.
Certificate of Coverage Request—20
CFR 404.1913—0960–0554
The United States (U.S.) has
agreements with 30 foreign countries to
eliminate double Social Security
coverage and taxation where, except for
the provisions of the agreement, a
worker would be subject to coverage
and taxes in both countries. These
agreements contain rules for
determining the country under whose
laws the worker’s period of employment
is covered, and to which country the
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62484
Federal Register / Vol. 87, No. 198 / Friday, October 14, 2022 / Notices
worker will pay taxes. The agreements
further dictate that, upon the request of
the worker or employer, the country
under whose system the period of work
is covered will issue a certificate of
coverage. The certificate serves as proof
of exemption from coverage and
taxation under the system of the other
country. The information we collect
assists us in determining a worker’s
coverage and in issuing a U.S. certificate
of coverage as appropriate. Per our
agreements, we ask a set number of
questions to the workers and employers
prior to issuing a certificate of coverage;
however, our agreements with Denmark,
Number of
respondents
Modality of completion
Requests via Letter—Individuals (minus
Denmark, Netherlands, Norway, Poland & Sweden) ....................................
Requests
via
Internet—Individuals
(minus Denmark, Netherlands, Norway, Poland & Sweden) .......................
Requests via Letter—Individuals in Denmark, Netherlands, Norway, & Sweden
Requests via Letter—Individuals in Poland .......................................................
Requests via Internet—Individuals in
Denmark, Netherlands, Norway, &
Sweden .................................................
Requests via Internet—Individuals in Poland .......................................................
Requests via Letter—Employers (minus
Denmark, Netherlands, Norway, Poland & Sweden) ....................................
Requests
via
Internet—Employers
(minus Denmark, Netherlands, Norway, Poland, & Sweden) ......................
Requests via Letter—Employers in Denmark, Netherlands, Norway, & Sweden
Requests via Letter—Employers in Poland .......................................................
Requests via Internet—Employers in
Denmark, Netherlands, Norway, &
Sweden .................................................
Requests via Internet—Employers in Poland .......................................................
Totals .......................................................
Frequency of
response
Average
burden per
response
(minutes)
Netherlands, Norway, and Sweden
require us to ask more questions in
those countries. Respondents are
workers and employers wishing to
establish exemption from foreign Social
Security taxes.
Type of Request: Revision of an OMBapproved information collection.
Estimated total
annual burden
(hours)
Average
theoretical
hourly cost
amount (dollars)*
Total annual
opportunity
cost (dollars) **
5,833
1
40
3,889
$28.01 *
$108,931 **
9,761
1
40
6,507
28.01 *
182,261 **
284
1
44
208
28.01 *
5,826 **
16
1
41
11
28.01 *
308 **
427
1
44
313
28.01 *
8,767 **
25
1
41
17
28.01 *
476 *
26,047
1
40
17,365
28.01 *
486,394 **
39,096
1
40
26,064
28.01*
730,053**
1,137
1
44
834
28.01 *
23,360 **
57
1
41
39
28.01 *
1,092 **
1,704
1
44
1,250
28.01 *
35,013 **
86
1
41
59
28.01 *
1,653 **
84,473
........................
........................
56,556
........................
1,584,134 **
* We based this figure on average U.S. citizen’s hourly salary, as reported by Bureau of Labor Statistics data (https://www.bls.gov/oes/current/
oes_nat.htm).
** This figure does not represent actual costs that SSA is imposing on recipients of Social Security payments to complete this application; rather, these are theoretical opportunity costs for the additional time respondents will spend to complete the application. There is no actual charge to
respondents to complete the application.
Dated: October 7, 2022.
Naomi Sipple,
Reports Clearance Officer, Social Security
Administration.
[FR Doc. 2022–22302 Filed 10–13–22; 8:45 am]
BILLING CODE 4191–02–P
DEPARTMENT OF STATE
jspears on DSK121TN23PROD with NOTICES
[Public Notice: 11887]
Imposition of Nonproliferation
Measures Against Foreign Persons,
Including a Ban on United States
Government Procurement
Bureau of International
Security and Nonproliferation, State
Department.
AGENCY:
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17:22 Oct 13, 2022
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A determination has been
made that a number of foreign persons
have engaged in activities that warrant
the imposition of measures pursuant to
section 3 of the Iran, North Korea, and
Syria Nonproliferation Act. The Act
provides for sanctions on foreign
entities and individuals for the transfer
to or acquisition from Iran since January
1, 1999; the transfer to or acquisition
from Syria since January 1, 2005; or the
transfer to or acquisition from North
Korea since January 1, 2006, of goods,
services, or technology controlled under
multilateral control lists (Missile
Technology Control Regime, Australia
Group, Chemical Weapons Convention,
Nuclear Suppliers Group, Wassenaar
Arrangement) or otherwise having the
SUMMARY:
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potential to make a material
contribution to the development of
weapons of mass destruction (WMD) or
cruise or ballistic missile systems. The
latter category includes (a) items of the
same kind as those on multilateral lists
but falling below the control list
parameters when it is determined that
such items have the potential of making
a material contribution to WMD or
cruise or ballistic missile systems, (b)
items on U.S. national control lists for
WMD/missile reasons that are not on
multilateral lists, and (c) other items
with the potential of making such a
material contribution when added
through case-by-case decisions.
DATES:
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Applicable October 3, 2022.
14OCN1
]]>Agencies
[Federal Register Volume 87, Number 198 (Friday, October 14, 2022)]
[Notices]
[Pages 62483-62484]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-22302]
=======================================================================
-----------------------------------------------------------------------
SOCIAL SECURITY ADMINISTRATION
[Docket No: SSA-2022-0053]
Agency Information Collection Activities: Proposed Request
The Social Security Administration (SSA) publishes a list of
information collection packages requiring clearance by the Office of
Management and Budget (OMB) in compliance with Public Law 104-13, the
Paperwork Reduction Act of 1995, effective October 1, 1995. This notice
includes one revision of an OMB-approved information collection.
SSA is soliciting comments on the accuracy of the agency's burden
estimate; the need for the information; its practical utility; ways to
enhance its quality, utility, and clarity; and ways to minimize burden
on respondents, including the use of automated collection techniques or
other forms of information technology. Mail, email, or fax your
comments and recommendations on the information collection(s) to the
OMB Desk Officer and SSA Reports Clearance Officer at the following
addresses or fax numbers.
Office of Management and Budget (OMB), Attn: Desk Officer for SSA,
Comments: https://www.reginfo.gov/public/do/PRAMain. Submit your
comments online referencing Docket ID Number [SSA-2022-0053].
Social Security Administration (SSA), OLCA, Attn: Reports Clearance
Director, 3100 West High Rise, 6401 Security Blvd., Baltimore, MD
21235, Fax: 410-966-2830, Email address: [email protected].
Or you may submit your comments online through https://www.reginfo.gov/public/do/PRAMain, referencing Docket ID Number [SSA-
2022-0053].
The information collection below is pending at SSA. SSA will submit
it to OMB within 60 days from the date of this notice. To be sure we
consider your comments, we must receive them no later than December 13,
2022. Individuals can obtain copies of the collection instrument by
writing to the above email address.
Certificate of Coverage Request--20 CFR 404.1913--0960-0554
The United States (U.S.) has agreements with 30 foreign countries
to eliminate double Social Security coverage and taxation where, except
for the provisions of the agreement, a worker would be subject to
coverage and taxes in both countries. These agreements contain rules
for determining the country under whose laws the worker's period of
employment is covered, and to which country the
[[Page 62484]]
worker will pay taxes. The agreements further dictate that, upon the
request of the worker or employer, the country under whose system the
period of work is covered will issue a certificate of coverage. The
certificate serves as proof of exemption from coverage and taxation
under the system of the other country. The information we collect
assists us in determining a worker's coverage and in issuing a U.S.
certificate of coverage as appropriate. Per our agreements, we ask a
set number of questions to the workers and employers prior to issuing a
certificate of coverage; however, our agreements with Denmark,
Netherlands, Norway, and Sweden require us to ask more questions in
those countries. Respondents are workers and employers wishing to
establish exemption from foreign Social Security taxes.
Type of Request: Revision of an OMB-approved information
collection.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Average
Average burden Estimated theoretical Total annual
Modality of completion Number of Frequency of per response total annual hourly cost opportunity
respondents response (minutes) burden (hours) amount cost (dollars)
(dollars)* **
--------------------------------------------------------------------------------------------------------------------------------------------------------
Requests via Letter--Individuals (minus Denmark, 5,833 1 40 3,889 $28.01 * $108,931 **
Netherlands, Norway, Poland & Sweden)..................
Requests via Internet--Individuals (minus Denmark, 9,761 1 40 6,507 28.01 * 182,261 **
Netherlands, Norway, Poland & Sweden)..................
Requests via Letter--Individuals in Denmark, 284 1 44 208 28.01 * 5,826 **
Netherlands, Norway, & Sweden..........................
Requests via Letter--Individuals in Poland.............. 16 1 41 11 28.01 * 308 **
Requests via Internet--Individuals in Denmark, 427 1 44 313 28.01 * 8,767 **
Netherlands, Norway, & Sweden..........................
Requests via Internet--Individuals in Poland............ 25 1 41 17 28.01 * 476 *
Requests via Letter--Employers (minus Denmark, 26,047 1 40 17,365 28.01 * 486,394 **
Netherlands, Norway, Poland & Sweden)..................
Requests via Internet--Employers (minus Denmark, 39,096 1 40 26,064 28.01* 730,053**
Netherlands, Norway, Poland, & Sweden).................
Requests via Letter--Employers in Denmark, Netherlands, 1,137 1 44 834 28.01 * 23,360 **
Norway, & Sweden.......................................
Requests via Letter--Employers in Poland................ 57 1 41 39 28.01 * 1,092 **
Requests via Internet--Employers in Denmark, 1,704 1 44 1,250 28.01 * 35,013 **
Netherlands, Norway, & Sweden..........................
Requests via Internet--Employers in Poland.............. 86 1 41 59 28.01 * 1,653 **
-----------------------------------------------------------------------------------------------
Totals.................................................. 84,473 .............. .............. 56,556 .............. 1,584,134 **
--------------------------------------------------------------------------------------------------------------------------------------------------------
* We based this figure on average U.S. citizen's hourly salary, as reported by Bureau of Labor Statistics data (https://www.bls.gov/oes/current/oes_nat.htm).
** This figure does not represent actual costs that SSA is imposing on recipients of Social Security payments to complete this application; rather,
these are theoretical opportunity costs for the additional time respondents will spend to complete the application. There is no actual charge to
respondents to complete the application.
Dated: October 7, 2022.
Naomi Sipple,
Reports Clearance Officer, Social Security Administration.
[FR Doc. 2022-22302 Filed 10-13-22; 8:45 am]
BILLING CODE 4191-02-P
