Proposed Collection; Comment Request; Extension: Rule 17g-10 and Form ABS Due Diligence-15E, 18981 [2024-05542]

Download as PDF Federal Register / Vol. 89, No. 52 / Friday, March 15, 2024 / Notices Electronic Comments • Use the Commission’s internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include file number SR– NYSEARCA–2024–21 on the subject line. Paper Comments • Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549–1090. khammond on DSKJM1Z7X2PROD with NOTICES All submissions should refer to file number SR–NYSE–SR–NYSEARCA– 2024–21. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s internet website (https://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for website viewing and printing in the Commission’s Public Reference Room, 100 F Street NE, Washington, DC 20549, on official business days between the hours of 10 a.m. and 3 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. Do not include personal identifiable information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection. All submissions should refer to file number SR–SR–NYSEARCA–2024–21 and should be submitted on or before April 5, 2024. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.16 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–05485 Filed 3–14–24; 8:45 am] BILLING CODE 8011–01–P 16 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 18:17 Mar 14, 2024 Jkt 262001 SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–563, OMB Control No. 3235–0694] Proposed Collection; Comment Request; Extension: Rule 17g–10 and Form ABS Due Diligence–15E 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 existing collection of information provided for in Rule 17g–10 and Form ABS Due Diligence–15E (17 CFR 240.17g–10 and 17 CFR 249b.500) under the Securities Exchange Act of 1934 (‘‘Exchange Act’’) (15 U.S.C. 78a et seq.). The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. Rule 17g–10 requires a provider of third-party due diligence services to provide the written certification required by Section 15E(s)(4) of the Exchange Act on Form ABS Due Diligence–15E. Based on Commission staff’s experience, it is estimated that third-party due diligence service providers would be required to spend, on average, 0.20 hours to complete and transmit Form ABS Due Diligence–15E, for a total annual burden of 470 hours.1 The cost for a compliance manager to complete and submit Form ABS Due Diligence–15E pursuant to Rule 17g–10 is estimated at $372 per hour,2 resulting in an industry-wide annual internal cost to third-party service providers of $175,000 per year. 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; 1 This figure is calculated by multiplying the per year average number of offerings of asset-backed securities, as the term is defined in Section 3(a)(79) of the Exchange Act, which was estimated at 1,410 offerings, by the hour burden to complete and transmit Form ABS Due Diligence–15E, estimated at 0.20 hours (1,410 offerings × 0.20 hours = 470 hours). 2 The $372 figure for a compliance manager is based on SIFMA’s Management & Professional Earnings in the Securities Industry 2013, modified by Commission staff to account for an 1,800-hour work-year and multiplied by 5.35 to account for bonuses, firm size, employee benefits and overhead, as adjusted for inflation using the Bureau of Labor Statistics’ CPI Inflation Calculator. PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 18981 (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 on respondents; 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 May 14, 2024. 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: Dave Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/ o John Pezzullo, 100 F St. NE, Washington, DC 20549 or send an email to: PRA_Mailbox@sec.gov. Dated: March 12, 2024. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–05542 Filed 3–14–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–99712; File No. SR–FICC– 2024–801] Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Extension of Review Period of Advance Notice To Adopt a Minimum Margin Amount at GSD March 11, 2024. Pursuant to Section 806(e)(1) of Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act entitled the Payment, Clearing, and Settlement Supervision Act of 2010 (‘‘Clearing Supervision Act’’) 1 and Rule 19b–4(n)(1)(i) under the Securities Exchange Act of 1934 (‘‘Act’’),2 notice is hereby given that on February 27, 2024, Fixed Income Clearing Corporation (‘‘FICC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the advance notice SR–FICC–2024–801 (‘‘Advance Notice’’) as described in Items I, II and III below, which Items have been prepared primarily by the clearing agency.3 The Commission is 1 12 U.S.C. 5465(e)(1). CFR 240.19b–4(n)(1)(i). 3 On February 27, 2024, FICC filed this Advance Notice as a proposed rule change (SR–FICC–2024– 003) with the Commission pursuant to Section 19(b)(1) of the Act, 15 U.S.C. 78s(b)(1), and Rule 19b–4 thereunder, 17 CFR 240.19b–4. A copy of the 2 17 E:\FR\FM\15MRN1.SGM Continued 15MRN1

Agencies

[Federal Register Volume 89, Number 52 (Friday, March 15, 2024)]
[Notices]
[Page 18981]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-05542]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-563, OMB Control No. 3235-0694]


Proposed Collection; Comment Request; Extension: Rule 17g-10 and 
Form ABS Due Diligence-15E

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 existing 
collection of information provided for in Rule 17g-10 and Form ABS Due 
Diligence-15E (17 CFR 240.17g-10 and 17 CFR 249b.500) under the 
Securities Exchange Act of 1934 (``Exchange Act'') (15 U.S.C. 78a et 
seq.). The Commission plans to submit this existing collection of 
information to the Office of Management and Budget for extension and 
approval.
    Rule 17g-10 requires a provider of third-party due diligence 
services to provide the written certification required by Section 
15E(s)(4) of the Exchange Act on Form ABS Due Diligence-15E. Based on 
Commission staff's experience, it is estimated that third-party due 
diligence service providers would be required to spend, on average, 
0.20 hours to complete and transmit Form ABS Due Diligence-15E, for a 
total annual burden of 470 hours.\1\ The cost for a compliance manager 
to complete and submit Form ABS Due Diligence-15E pursuant to Rule 17g-
10 is estimated at $372 per hour,\2\ resulting in an industry-wide 
annual internal cost to third-party service providers of $175,000 per 
year.
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    \1\ This figure is calculated by multiplying the per year 
average number of offerings of asset-backed securities, as the term 
is defined in Section 3(a)(79) of the Exchange Act, which was 
estimated at 1,410 offerings, by the hour burden to complete and 
transmit Form ABS Due Diligence-15E, estimated at 0.20 hours (1,410 
offerings x 0.20 hours = 470 hours).
    \2\ The $372 figure for a compliance manager is based on SIFMA's 
Management & Professional Earnings in the Securities Industry 2013, 
modified by Commission staff to account for an 1,800-hour work-year 
and multiplied by 5.35 to account for bonuses, firm size, employee 
benefits and overhead, as adjusted for inflation using the Bureau of 
Labor Statistics' CPI Inflation Calculator.
---------------------------------------------------------------------------

    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 on 
respondents; 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 
May 14, 2024.
    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: Dave Bottom, Director/Chief Information Officer, Securities and 
Exchange Commission, c/o John Pezzullo, 100 F St. NE, Washington, DC 
20549 or send an email to: [email protected].

    Dated: March 12, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-05542 Filed 3-14-24; 8:45 am]
BILLING CODE 8011-01-P
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