Submission for OMB Review; Comment Request: Extension; “Ombudsman Matter Management System Submission Form”, 24645-24646 [2023-08419]

Download as PDF Federal Register / Vol. 88, No. 77 / Friday, April 21, 2023 / Notices lotter on DSK11XQN23PROD with NOTICES1 disclosure about the scope and terms of the broker-dealer’s relationship with the retail customer, which would foster retail customers’ understanding of their relationship with a broker-dealer; (2) enhance the quality of recommendations provided by establishing an express best interest obligation under the federal securities laws; (3) enhance the disclosure of a broker-dealer’s conflicts of interest; and (4) establish obligations that require mitigation, and not just disclosure, of conflicts of interest arising from financial incentives associated with broker-dealer recommendations. The information will therefore help establish a framework that protects investors and promotes efficiency, competition, and capital formation. There are approximately 2,683 respondents that must comply with Rule 151–1. The aggregate annual burden for all respondents is estimated to be 2,568,434 hours, or 957 hours per respondent (2,568,434 hours/2,683 respondents). Under Rule 151–1, respondents will also incur cost burdens. The aggregate annual cost burden for all respondents is estimated to be $12,085,860, or $4,505 per respondent ($12,085,860/2,681 respondents). 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 by May 22, 2023 to (i) MBX.OMB.OIRA.SEC_desk_officer@ omb.eop.gov and (ii) David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC 20549, or by sending an email to: PRA_Mailbox@sec.gov. Dated: April 17, 2023. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–08420 Filed 4–20–23; 8:45 am] BILLING CODE 8011–01–P VerDate Sep<11>2014 16:51 Apr 20, 2023 Jkt 259001 SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–797 OMB Control No. 3235–0748] Submission for OMB Review; Comment Request: Extension; ‘‘Ombudsman Matter Management System Submission Form’’ Upon Written Request Copies Available From: Securities and Exchange Commission, Office of the Investor Advocate, 100 F Street NE, Washington, DC 20549–3720 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’’) has submitted to the Office of Management and Budget (‘‘OMB’’) a request to approve the collection of information discussed below. Each year the Commission’s Office of the Investor Advocate, Office of the Ombudsman (‘‘Ombudsman’’) receives over a thousand contacts from investors who have complaints or questions about the SEC or any of the self-regulatory organizations that it oversees. To make it easier for the public to contact the Ombudsman, the Ombudsman (‘‘Ombudsman’’) created an electronic form (Ombudsman Matter Management System Submission Form) that provides drop down options to choose from in order to categorize the investor’s complaint or question, and may also provide the investor with automated information about their issue. The Ombudsman Matter Management System (OMMS) Submission Form asks investors to provide information concerning, among other things, their names, how they can be reached, the names of the individuals or entities involved, the nature of their complaint or tip, what documents they can provide, and what, if any, actions they have taken. Use of the Ombudsman Matter Management System Submission Form is voluntary. Absent the forms, the public still has several ways to contact the Ombudsman, including telephone, letters, and email. Investors can access the Ombudsman Matter Management System Submission Form through the Ombudsman web page at the web address https://www.sec.gov/ ombudsman or directly at the web address https://omms.sec.gov. The dual purpose of the Ombudsman Matter Management System Submission Form is to make it easier for the public to contact the agency with complaints, questions, tips, or other feedback and to streamline the workflow of Ombudsman PO 00000 Frm 00102 Fmt 4703 Sfmt 4703 24645 staff that record, process, and respond to investor contacts. Investors who submit complaints, ask questions, or provide tips do so voluntarily. Although the Ombudsman Matter Management System Submission Form provides a structured format for incoming investor correspondence, the Commission does not require that investors use any particular form or format when contacting the Ombudsman. Investors who choose not to use the Ombudsman Matter Management System Submission Form will receive the same level of service as those who do. The Ombudsman receives approximately 1,500 contacts each year through the Ombudsman Matter Management System Submission Form. The Ombudsman uses the information that investors supply on the Ombudsman Matter Management System Submission Form to review and process the contact (which may, in turn, involve responding to questions, processing complaints, or, as appropriate, referring matters to enforcement or examinations for potential investigations), to maintain a record of contacts, to track the volume of investor complaints, and to analyze trends. The staff of the Commission estimates that the total reporting burden for using the Ombudsman Matter Management System Submission Form is 750 hours. The calculation of this estimate depends on the number of investors who use the forms each year and the estimated time it takes to complete the forms: 1,500 respondents × 30 minutes = 750 burden hours. Members of the public should be aware that an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless a currently valid OMB control number is displayed. Background documentation for this information collection may be viewed at the following link, https:// www.reginfo.gov. General comments regarding the above information should be directed to the following persons within 30 days of publication of this notice by May 22, 2023 to (i) Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503 or send an email to: Shagufta_Ahmed@omb.eop.gov; and (ii) David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/o John R. Pezzullo, 100 F St. NE, Washington, DC 20549; or send an email to: PRA_ Mailbox@sec.gov. Comments must be E:\FR\FM\21APN1.SGM 21APN1 24646 Federal Register / Vol. 88, No. 77 / Friday, April 21, 2023 / Notices submitted to OMB within 30 days of this notice. Dated: April 17, 2023. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–08419 Filed 4–20–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–456, OMB Control No. 3235–0515] lotter on DSK11XQN23PROD with NOTICES1 Proposed Collection; Comment Request; Extension: Schedule TO 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 (‘‘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. Schedule TO (17 CFR 240.14d-100) must be filed by a reporting company that makes a tender offer for its own securities. Also, persons other than the reporting company making a tender offer for equity securities registered under Section 12 of the Exchange Act (15 U.S.C. 78l) (which offer, if consummated, would cause that person to own over 5% of that class of the securities) must file Schedule TO. The purpose of Schedule TO is to improve communications between public companies and investors before companies file registration statements involving tender offer statements. Schedule TO takes approximately 44.75 hours per response and is filed by approximately 1,378 issuers annually. We estimate that 50% of the 44.75 hours per response (22.375 hours) is prepared by the issuer for an annual reporting burden of 30,834 hours (22.375 hours per response × 1,378 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 VerDate Sep<11>2014 16:51 Apr 20, 2023 Jkt 259001 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 June 20, 2023. 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: April 18, 2023. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–08495 Filed 4–20–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–189, OMB Control No. 3235–0201] Submission for OMB Review; Comment Request; Extension: Rule 17a–2 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 (‘‘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 17a–2 (17 CFR 240.17a–2), under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). Rule 17a–2 requires underwriters to maintain information regarding stabilizing activities conducted in accordance with Rule 104 of Regulation M. The collections of information under Regulation M and Rule 17a–2 are necessary for covered persons to obtain certain benefits or to comply with certain requirements. The collections of information are necessary to provide the Commission with information regarding syndicate covering transactions and penalty bids. The Commission may review this information during periodic examinations or with respect to PO 00000 Frm 00103 Fmt 4703 Sfmt 9990 investigations. Except for the information required to be kept under Rule 104(i) (17 CFR 242.104(i)) and Rule 17a–2(c), none of the information required to be collected or disclosed for PRA purposes will be kept confidential. The recordkeeping requirement of Rule 17a–2 requires the information be maintained in a separate file, or in a separately retrievable format, for a period of three years, the first two years in an easily accessible place, consistent with the requirements of Exchange Act Rule 17a–4(f) (17 CFR 240.17a–4(f)). There are approximately 1,211 respondents per year that require an aggregate total of approximately 6,055 hours to comply with this rule. Each respondent makes an estimated 1 annual response. Each response takes approximately 5 hours to complete. Thus, the total hour burden per year is approximately 6,055 hours. The total internal compliance cost for the respondents is approximately $490,455 per year, resulting in an internal cost of compliance for each respondent per response of approximately $405 (i.e., $490,455/1,211 responses). 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 by May 22, 2023 to (i) www.reginfo.gov/ public/do/PRAMain and (ii) David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC 20549, or by sending an email to: PRA_Mailbox@ sec.gov. Dated: April 17, 2023. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–08421 Filed 4–20–23; 8:45 am] BILLING CODE 8011–01–P E:\FR\FM\21APN1.SGM 21APN1

Agencies

[Federal Register Volume 88, Number 77 (Friday, April 21, 2023)]
[Notices]
[Pages 24645-24646]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-08419]


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

SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-797 OMB Control No. 3235-0748]


Submission for OMB Review; Comment Request: Extension; 
``Ombudsman Matter Management System Submission Form''

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of the Investor Advocate, 100 F Street NE, 
Washington, DC 20549-3720

    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'') has submitted to the Office of Management 
and Budget (``OMB'') a request to approve the collection of information 
discussed below.
    Each year the Commission's Office of the Investor Advocate, Office 
of the Ombudsman (``Ombudsman'') receives over a thousand contacts from 
investors who have complaints or questions about the SEC or any of the 
self-regulatory organizations that it oversees. To make it easier for 
the public to contact the Ombudsman, the Ombudsman (``Ombudsman'') 
created an electronic form (Ombudsman Matter Management System 
Submission Form) that provides drop down options to choose from in 
order to categorize the investor's complaint or question, and may also 
provide the investor with automated information about their issue. The 
Ombudsman Matter Management System (OMMS) Submission Form asks 
investors to provide information concerning, among other things, their 
names, how they can be reached, the names of the individuals or 
entities involved, the nature of their complaint or tip, what documents 
they can provide, and what, if any, actions they have taken. Use of the 
Ombudsman Matter Management System Submission Form is voluntary. Absent 
the forms, the public still has several ways to contact the Ombudsman, 
including telephone, letters, and email. Investors can access the 
Ombudsman Matter Management System Submission Form through the 
Ombudsman web page at the web address https://www.sec.gov/ombudsman or 
directly at the web address https://omms.sec.gov.
    The dual purpose of the Ombudsman Matter Management System 
Submission Form is to make it easier for the public to contact the 
agency with complaints, questions, tips, or other feedback and to 
streamline the workflow of Ombudsman staff that record, process, and 
respond to investor contacts. Investors who submit complaints, ask 
questions, or provide tips do so voluntarily. Although the Ombudsman 
Matter Management System Submission Form provides a structured format 
for incoming investor correspondence, the Commission does not require 
that investors use any particular form or format when contacting the 
Ombudsman. Investors who choose not to use the Ombudsman Matter 
Management System Submission Form will receive the same level of 
service as those who do.
    The Ombudsman receives approximately 1,500 contacts each year 
through the Ombudsman Matter Management System Submission Form. The 
Ombudsman uses the information that investors supply on the Ombudsman 
Matter Management System Submission Form to review and process the 
contact (which may, in turn, involve responding to questions, 
processing complaints, or, as appropriate, referring matters to 
enforcement or examinations for potential investigations), to maintain 
a record of contacts, to track the volume of investor complaints, and 
to analyze trends.
    The staff of the Commission estimates that the total reporting 
burden for using the Ombudsman Matter Management System Submission Form 
is 750 hours. The calculation of this estimate depends on the number of 
investors who use the forms each year and the estimated time it takes 
to complete the forms: 1,500 respondents x 30 minutes = 750 burden 
hours.
    Members of the public should be aware that an agency may not 
conduct or sponsor, and a person is not required to respond to, a 
collection of information unless a currently valid OMB control number 
is displayed. Background documentation for this information collection 
may be viewed at the following link, https://www.reginfo.gov. General 
comments regarding the above information should be directed to the 
following persons within 30 days of publication of this notice by May 
22, 2023 to (i) Desk Officer for the Securities and Exchange 
Commission, Office of Information and Regulatory Affairs, Office of 
Management and Budget, Room 10102, New Executive Office Building, 
Washington, DC 20503 or send an email to: [email protected]; 
and (ii) David Bottom, Director/Chief Information Officer, Securities 
and Exchange Commission, c/o John R. Pezzullo, 100 F St. NE, 
Washington, DC 20549; or send an email to: [email protected]. 
Comments must be

[[Page 24646]]

submitted to OMB within 30 days of this notice.

    Dated: April 17, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-08419 Filed 4-20-23; 8:45 am]
BILLING CODE 8011-01-P
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