Submission for OMB Review; Comment Request; Extension: Form SF-3, 51879 [2023-16675]

Download as PDF Federal Register / Vol. 88, No. 149 / Friday, August 4, 2023 / Notices For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.17 Dated: July 31, 2023. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–16622 Filed 8–3–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–638, OMB Control No. 3235–0690] Dated: August 1, 2023. Sherry R. Haywood, Assistant Secretary. ddrumheller on DSK120RN23PROD with NOTICES1 Submission for OMB Review; Comment Request; Extension: Form SF–3 [FR Doc. 2023–16675 Filed 8–3–23; 8:45 am] BILLING CODE 8011–01–P 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’’) has submitted to the Office of Management and Budget this request for extension of the previously approved collection of information discussed below. Form SF–3 (17 CFR 239.45) is a short form registration statement used for non-shelf issuers of asset-backed securities to register a public offering of their securities under the Securities Act of 1933 (15 U.S.C. 77a et seq.). Form SF–3 takes approximately 1,380 hours per response and is filed by approximately 71 issuers annually. The information collected is intended to ensure that the information required to be filed by the Commission permits verification of compliance with securities law requirements and assures the public availability of such information in the asset-backed securities market. We estimate that 25% of the 1,380.50 hours per response (345.12 hours) is prepared by the issuer for a total annual reporting burden of 24,504 hours (345.12 hours per response × 71 responses). 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 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 17 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 18:51 Aug 03, 2023 Jkt 259001 search function. Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice by September 5, 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. SECURITIES AND EXCHANGE COMMISSION [Release No. 34–98029; File No. SR–FINRA– 2023–008] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving a Proposed Rule Change To Amend FINRA Rules 1015, 9261, 9341, 9524, 9830 and Funding Portal Rule 900 (Code of Procedure) To Permit Hearings Under Those Rules To Be Conducted by Video Conference I. Introduction On April 26, 2023, the Financial Industry Regulatory Authority, Inc. (‘‘FINRA’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’), pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to amend FINRA Rules 1015, 9261, 9341, 9524 and 9830 and Funding Portal Rule 900 to allow for video conference hearings before the Office of Hearing Officers (‘‘OHO’’) and the National Adjudicatory Council (‘‘NAC’’) under specified conditions. The proposed rule change was published for comment in the Federal Register on May 4, 2023.3 On June 7, 2023, FINRA consented to extend until August 2, 2023, the time period in which the Commission must approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to approve or 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Exchange Act Release No. 97403 (May 4, 2023), 88 FR 28645 (May 4, 2023) (File No. SR– FINRA–2023–008) (‘‘Notice’’). The Commission did not receive any comments in connection with the Notice. 2 17 PO 00000 Frm 00113 Fmt 4703 Sfmt 4703 51879 disapprove the proposed rule change.4 This order approves the proposed rule change. II. Description of the Proposed Rule Change A. Background FINRA Rules 1015, 9261, 9341, 9524 and 9830 and Funding Portal Rule 900 pertain to the procedures for various types of proceedings conducted by OHO and the NAC.5 As summarized in the Notice, OHO conducts hearings in disciplinary proceedings 6 and hearings for temporary and permanent cease and desist orders (‘‘TCDOs’’ and ‘‘PCDOs’’).7 When orders in disciplinary proceedings are appealed, the NAC holds hearings on oral argument.8 The NAC also conducts hearings in membership proceedings,9 eligibility proceedings,10 and Funding Portal eligibility proceedings.11 Under these 4 See Letter from Ilana Reid, Associate General Counsel, FINRA (June 7, 2023) available at https:// www.finra.org/sites/default/files/2023-06/sr-finra2023-008-extension-no-1.pdf. 5 See Notice at 28646. 6 See Notice at 28646. FINRA stated that the FINRA Rule 9200 Series sets forth the procedures for disciplinary proceedings initiated by the Department of Enforcement against any FINRA member or associated person for alleged violation of any rule, regulation, or statutory provision that FINRA has jurisdiction to enforce, including the federal securities laws and the regulations thereunder. See Notice at n.8. See also FINRA Rule 9261. 7 See Notice at 28646. FINRA stated that the FINRA Rule 9800 Series sets forth the procedures for TCDO and PCDO proceedings. These provide a mechanism for FINRA to take necessary remedial action against a member or associated person where there is a significant risk that the alleged misconduct could cause continuing harm to the investing public, if not addressed expeditiously. See Notice at n.9. See also FINRA Rule 9830. 8 See Notice at 28646. FINRA stated that the FINRA Rule 9300 Series sets forth the procedures for review of disciplinary proceedings by the NAC. See Notice at n.10. See also FINRA Rule 9341. 9 See Notice at 28646. FINRA stated that the FINRA Rule 1000 Series governs, among other things, the process for: (i) applying for FINRA membership; (ii) FINRA members to seek approval of a change in ownership, control or business operations; and (iii) an applicant to request that the NAC review a FINRA decision rendered under the Rule 1000 Series. See Notice at n.11. See also FINRA Rule 1015. 10 See Notice at 28646. FINRA stated that the FINRA Rule 9520 Series sets forth the procedures for eligibility proceedings and review of those proceedings by the NAC and FINRA Board. See Notice at n.12. See also FINRA Rule 9524. ‘‘Eligibility proceedings,’’ refer to the process where FINRA may allow a person subject to statutory disqualification to enter or remain in the securities industry. See e.g., https://www.finra.org/rulesguidance/guidance/eligibility-requirements (providing general information about these proceedings). 11 See Notice at 28646. Paragraph (b) of Funding Portal Rule 900 was established as a streamlined version of the FINRA Rule 9520 Series, discussed supra note 10, and sets forth the procedures for E:\FR\FM\04AUN1.SGM Continued 04AUN1

Agencies

[Federal Register Volume 88, Number 149 (Friday, August 4, 2023)]
[Notices]
[Page 51879]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-16675]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-638, OMB Control No. 3235-0690]


Submission for OMB Review; Comment Request; Extension: Form SF-3

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'') has submitted to the Office of Management 
and Budget this request for extension of the previously approved 
collection of information discussed below.
    Form SF-3 (17 CFR 239.45) is a short form registration statement 
used for non-shelf issuers of asset-backed securities to register a 
public offering of their securities under the Securities Act of 1933 
(15 U.S.C. 77a et seq.). Form SF-3 takes approximately 1,380 hours per 
response and is filed by approximately 71 issuers annually. The 
information collected is intended to ensure that the information 
required to be filed by the Commission permits verification of 
compliance with securities law requirements and assures the public 
availability of such information in the asset-backed securities market. 
We estimate that 25% of the 1,380.50 hours per response (345.12 hours) 
is prepared by the issuer for a total annual reporting burden of 24,504 
hours (345.12 hours per response x 71 responses).
    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 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 September 5, 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: [email protected].

    Dated: August 1, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-16675 Filed 8-3-23; 8:45 am]
BILLING CODE 8011-01-P
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