Submission for OMB Review; Comment Request; Extension: Rule 17a-5, 69241 [2023-22190]
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Federal Register / Vol. 88, No. 192 / Thursday, October 5, 2023 / Notices
agency. The SEC developed the
inventory per the guidance issued on
January 17, 2017, by the Office of
Management and Budget’s Office of
Federal Procurement Policy (OFPP).
OFPP’s guidance is available at https://
www.whitehouse.gov/sites/
whitehouse.gov/files/omb/memoranda/
2017/service_contract_inventories.pdf.
The Service Contract Inventory
Analysis for FY2020 provides
information based on the FY 2020
Inventory. Please note that the SEC’s FY
2020 Service Contract Inventory data is
now included in government-wide
inventory available on https://
www.acquisition.gov. The governmentwide inventory can be filtered to display
the inventory data for the SEC. The SEC
has posted the FY 2020 SCI Analysis
and its FY 2021 plans for analyzing data
on the SEC’s homepage at https://
www.sec.gov/about/secreports.shtml
and https://www.sec.gov/open.
Dated: October 2, 2023.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2023–22192 Filed 10–4–23; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–155, OMB Control No.
3235–0123]
ddrumheller on DSK120RN23PROD with NOTICES1
Submission for OMB Review;
Comment Request; Extension: Rule
17a–5
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
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
Rule 17a–5 (17 CFR 240.17a–5) under
the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.) is the basic financial
reporting rule for brokers and dealers.1
The rule requires the filing of Form X–
17A–5, the Financial and Operational
Combined Uniform Single Report
(‘‘FOCUS Report’’), which was the result
of years of study and comments by
representatives of the securities industry
1 Rule 17a–5(c) requires a broker or dealer to
furnish certain of its financial information to
customers and is subject to a separate PRA filing
(OMB Control Number 3235–0199).
VerDate Sep<11>2014
18:37 Oct 04, 2023
Jkt 262001
through advisory committees and
through the normal rule proposal
methods. The FOCUS Report was
designed to eliminate the overlapping
regulatory reports required by various
self-regulatory organizations and the
Commission and to reduce reporting
burdens as much as possible. The rule
also requires the filing of annual reports,
which include a financial report and a
compliance or exemption report as well
as reports of an independent public
accountant covering the financial report
and the compliance or exemption
report. In addition, the rule requires a
broker-dealer that computes certain
capital charges in accordance with
Appendix E to Exchange Act Rule 15c3–
1 (17 CFR 240.15c3–1e) to file
additional monthly or quarterly reports
and a supplemental report on
management controls concurrently with
its annual reports.
The Commission estimates that the
total hour burden under Rule 17a–5 is
approximately 397,467 hours per year,
and the total cost burden is
approximately $31,295,048 per year.
Since the last approval of this
information collection, the estimated
total burden hours per year has
increased due to more respondents
filing monthly reports rather than
quarterly reports under Rule 17a–5; the
estimated total cost burden per year has
decreased due to more filings being
submitted electronically.
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
November 6, 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: October 2, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–22190 Filed 10–4–23; 8:45 am]
BILLING CODE 8011–01–P
PO 00000
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69241
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–424, OMB Control No.
3235–0473]
Submission for OMB Review;
Comment Request; Extension: Rule
17Ad–3(b)
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 17Ad–3(b) (17 CFR 240.17Ad–
3(b)), under the Securities Exchange Act
of 1934 (15 U.S.C. 78a et seq.).
Rule 17Ad–3(b) requires registered
transfer agents to send a copy of the
written notice required under Rules
17Ad–2(c), (d), and (h) to the chief
executive officer of each issuer for
which the transfer agent acts when it
has failed to turnaround at least 75% of
all routine items in accordance with the
requirements of Rule 17Ad–2(a), or to
process at least 75% of all items in
accordance with the requirements of
Rule 17Ad–2(b), for two consecutive
months. The issuer may use the
information contained in the notices: (1)
as an early warning of the transfer
agent’s non-compliance with the
Commission’s minimum performance
standards regarding registered transfer
agents; and (2) to become aware of
certain problems and poor performances
with respect to the transfer agents that
are servicing the issuer’s issues. If the
issuer does not receive notice of a
registered transfer agent’s failure to
comply with the Commission’s
minimum performance standards, then
the issuer will be unable to take
remedial action to correct the problem
or to find another registered transfer
agent. Pursuant to Rule 17Ad–3(b), a
transfer agent that has already filed a
Notice of Non-Compliance with the
Commission pursuant to Rule 17Ad–2
will only be required to send a copy of
that notice to issuers for which it acts
when that transfer agent fails to
turnaround 75% of all routine items or
to process 75% of all items for two
consecutive months.
The Commission estimates that only
one transfer agent will be subject to the
third-party disclosure requirements of
E:\FR\FM\05OCN1.SGM
05OCN1
]]>Agencies
[Federal Register Volume 88, Number 192 (Thursday, October 5, 2023)]
[Notices]
[Page 69241]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-22190]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-155, OMB Control No. 3235-0123]
Submission for OMB Review; Comment Request; Extension: Rule 17a-5
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 (``OMB'') a request for extension of the previously approved
collection of information discussed below.
Rule 17a-5 (17 CFR 240.17a-5) under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) is the basic financial reporting rule for
brokers and dealers.\1\ The rule requires the filing of Form X-17A-5,
the Financial and Operational Combined Uniform Single Report (``FOCUS
Report''), which was the result of years of study and comments by
representatives of the securities industry through advisory committees
and through the normal rule proposal methods. The FOCUS Report was
designed to eliminate the overlapping regulatory reports required by
various self-regulatory organizations and the Commission and to reduce
reporting burdens as much as possible. The rule also requires the
filing of annual reports, which include a financial report and a
compliance or exemption report as well as reports of an independent
public accountant covering the financial report and the compliance or
exemption report. In addition, the rule requires a broker-dealer that
computes certain capital charges in accordance with Appendix E to
Exchange Act Rule 15c3-1 (17 CFR 240.15c3-1e) to file additional
monthly or quarterly reports and a supplemental report on management
controls concurrently with its annual reports.
---------------------------------------------------------------------------
\1\ Rule 17a-5(c) requires a broker or dealer to furnish certain
of its financial information to customers and is subject to a
separate PRA filing (OMB Control Number 3235-0199).
---------------------------------------------------------------------------
The Commission estimates that the total hour burden under Rule 17a-
5 is approximately 397,467 hours per year, and the total cost burden is
approximately $31,295,048 per year. Since the last approval of this
information collection, the estimated total burden hours per year has
increased due to more respondents filing monthly reports rather than
quarterly reports under Rule 17a-5; the estimated total cost burden per
year has decreased due to more filings being submitted electronically.
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 November 6, 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: October 2, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-22190 Filed 10-4-23; 8:45 am]
BILLING CODE 8011-01-P
