Submission for OMB Review; Comment Request; Extension: Exchange Act Form 10-K, 62831-62832 [2023-19791]

Download as PDF Federal Register / Vol. 88, No. 176 / Wednesday, September 13, 2023 / Notices This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2023–19723 Filed 9–12–23; 8:45 am] BILLING CODE 7710–FW–P POSTAL SERVICE International Product Change—Priority Mail Express International, Priority Mail International & First-Class Package International Service Agreement Postal ServiceTM. ACTION: Notice. AGENCY: The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add a Priority Mail Express International, Priority Mail International & First-Class Package International Service contract to the list of Negotiated Service Agreements in the Competitive Product List in the Mail Classification Schedule. DATES: Date of notice: September 13, 2023. SUMMARY: FOR FURTHER INFORMATION CONTACT: Christopher C. Meyerson, (202) 268– 7820. The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on September 6, 2023, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Express International, Priority Mail International & First-Class Package International Service Contract 26 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2023–259 and CP2023–262. SUPPLEMENTARY INFORMATION: Sarah Sullivan, Attorney, Ethics & Legal Compliance. [FR Doc. 2023–19813 Filed 9–12–23; 8:45 am] BILLING CODE 7710–12–P SECURITIES AND EXCHANGE COMMISSION ddrumheller on DSK120RN23PROD with NOTICES1 [SEC File No. 270–325, OMB Control No. 3235–0385] Proposed Collection; Comment Request; Extension: Rule 15g–9 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 VerDate Sep<11>2014 17:37 Sep 12, 2023 Jkt 259001 (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the existing collection of information provided for in Rule 15g–9 (17 CFR 240.15g–9) (the ‘‘Rule’’), under the Securities Exchange Act of 1934 (15 U.S. C. 78a et seq.) (the ‘‘Exchange Act’’). The Commission plans to submit this existing collection of information to the Office of Management and Budget (‘‘OMB’’) for extension and approval. Section 15(c)(2) of the Exchange Act (15 U.S.C. authorizes the Commission to promulgate rules that prescribe means reasonably designed to prevent fraudulent, deceptive, or manipulative practices in connection with over-thecounter (‘‘OTC’’) securities transactions. Pursuant to this authority, the Commission in 1989 adopted Rule 15c2–6, which was subsequently redesignated as Rule 15g–9, 17 CFR 240.15g–9. The Rule requires brokerdealers to produce a written suitability determination for, and to obtain a written customer agreement to, certain recommended transactions in penny stocks that are not registered on a national securities exchange, and whose issuers do not meet certain minimum financial standards. The Rule is intended to prevent the indiscriminate use by broker-dealers of fraudulent, high pressure telephone sales campaigns to sell penny stocks to unsophisticated customers. The Commission staff estimates that approximately five percent of registered broker-dealers, or 175 broker-dealers,1 are subject to the Rule (5% × approximately 3,497 registered brokerdealers = 175 broker-dealers). As indicated above, the burden of the Rule on a respondent varies widely depending on the frequency with which new customers are solicited. On average, for all respondents, the staff has estimated that respondents process three new customers per week, or approximately 156 new customers requiring suitability determinations per year. We also estimate that a brokerdealer would take approximately onehalf hour per new customer in obtaining, reviewing, and processing (including transmitting to the customer) the information required by Rule 15g–9, and each respondent would consequently spend 78 hours annually (156 new customers × .5 hours) obtaining the information required in the Rule. This would result in 27,300 annual responses per year for all respondents (175 respondents × 156 1 As of July 1, 2023, there are 3,497 registered broker-dealers. 5% of 3,497 is 174.85, rounded up to 175. PO 00000 Frm 00062 Fmt 4703 Sfmt 4703 62831 new customer suitability determinations per year). We determined, based on the estimate of 175 broker-dealer respondents, that the annual hour burden of Rule 15g–9 is 13,650 hours (175 respondents × 78 hours). 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 by November 13, 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 OMB control number. Please direct your written comments 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: September 8, 2023. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–19790 Filed 9–12–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–048, OMB Control No. 3235–0063] Submission for OMB Review; Comment Request; Extension: Exchange Act Form 10–K 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. E:\FR\FM\13SEN1.SGM 13SEN1 62832 Federal Register / Vol. 88, No. 176 / Wednesday, September 13, 2023 / Notices Form 10–K (17 CFR 249.310) is filed by issuers of securities to satisfy their annual reporting obligations under to Section 13 or 15(d) of the Exchange Act (‘‘Exchange Act’’) (15 U.S.C. 78m or 78o(d)). The information provided by Form 10–K is intended to ensure the adequacy of information available to investors and securities markets about an issuer. Form 10–K takes approximately 2,249.366 hours per response to prepare and is filed by approximately 8,292 respondents. We estimate that 75% of the approximately hours per response (1,687.025 hours) is prepared by the company for an annual reporting burden of 13,988,811 hours (1,687.025 hours per response × 8,292 responses). An agency may 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 October 13, 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: September 8, 2023. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–19791 Filed 9–12–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–096, OMB Control No. 3235–0151] ddrumheller on DSK120RN23PROD with NOTICES1 Proposed Collection; Comment Request; Extension: Rule 17Ac3–1(a) and Form TA–W 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 VerDate Sep<11>2014 17:37 Sep 12, 2023 Jkt 259001 (‘‘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 17Ac3–1(a) (17 CFR 240.17Ac3– 1(a)) and Form TA–W (17 CFR 249b.101), under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). Section 17A(c)(4)(B) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(34)(B) authorizes transfer agents registered with an appropriate regulatory agency (‘‘ARA’’) to withdraw from registration by filing with the ARA a written notice of withdrawal and by agreeing to such terms and conditions as the ARA deems necessary or appropriate in the public interest, for the protection of investors, or in the furtherance of the purposes of Section 17A. In order to implement Section 17A(c)(4)(B) of the Exchange Act, the Commission promulgated Rule 17Ac3– 1(a) and accompanying Form TA–W on September 1, 1977. Rule 17Ac3–1(a) provides that notice of withdrawal of registration as a transfer agent with the Commission shall be filed on Form TA– W. Form TA–W requires the withdrawing transfer agent to provide the Commission with certain information, including: (1) the locations where transfer agent activities are or were performed; (2) the reasons for ceasing the performance of such activities; (3) disclosure of unsatisfied judgments or liens; and (4) information regarding successor transfer agents. The Commission uses the information disclosed on Form TA–W to determine whether the registered transfer agent applying for withdrawal from registration as a transfer agent should be allowed to deregister and, if so, whether the Commission should attach to the granting of the application any terms or conditions necessary or appropriate in the public interest, for the protection of investors, or in furtherance of the purposes of Section 17A of the Exchange Act. Without Rule 17Ac3–1(a) and Form TA–W, transfer agents registered with the Commission would not have a means to voluntarily deregister it is necessary or appropriate to do so. On average, respondents have filed approximately 50 TA-Ws with the Commission annually from 2020 to 2023. A Form TA–W filing occurs only once, when a transfer agent is seeking deregistration. In view of the readily available information requested by Form TA–W, its short and simple presentation, and the Commission’s experience with the filers, we estimate PO 00000 Frm 00063 Fmt 4703 Sfmt 9990 that approximately 30 minutes is required to complete and file Form TA– W. Thus, the total annual time burden to the transfer agent industry is approximately 25 hours (50 filings × 0.5 hours). We estimate that the internal labor cost of compliance per filing is $39 (0.5 hours × $78 average hourly rate for clerical staff time).1 Thus, the total internal compliance cost per year is thus approximately $975 (25 hours x $39 = $975). 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 by November 13, 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 OMB control number. Please direct your written comments 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: September 8, 2023. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2023–19789 Filed 9–12–23; 8:45 am] BILLING CODE 8011–01–P 1 The $78 per hour figure for clerical staff time is from SIFMA’s Office Salaries in the Securities Industry 2013, modified by Commission staff to account for an 1800-hour work-year and inflation, and multiplied by 2.93 to account for bonuses, firm size, employee benefits and overhead. E:\FR\FM\13SEN1.SGM 13SEN1

Agencies

[Federal Register Volume 88, Number 176 (Wednesday, September 13, 2023)]
[Notices]
[Pages 62831-62832]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-19791]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-048, OMB Control No. 3235-0063]


Submission for OMB Review; Comment Request; Extension: Exchange 
Act Form 10-K

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.

[[Page 62832]]

    Form 10-K (17 CFR 249.310) is filed by issuers of securities to 
satisfy their annual reporting obligations under to Section 13 or 15(d) 
of the Exchange Act (``Exchange Act'') (15 U.S.C. 78m or 78o(d)). The 
information provided by Form 10-K is intended to ensure the adequacy of 
information available to investors and securities markets about an 
issuer. Form 10-K takes approximately 2,249.366 hours per response to 
prepare and is filed by approximately 8,292 respondents. We estimate 
that 75% of the approximately hours per response (1,687.025 hours) is 
prepared by the company for an annual reporting burden of 13,988,811 
hours (1,687.025 hours per response x 8,292 responses).
    An agency may 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 October 13, 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: September 8, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-19791 Filed 9-12-23; 8:45 am]
BILLING CODE 8011-01-P
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