Proposed Collection; Comment Request; Extension: Rule 17g-5, 38202-38203 [2024-09850]

Download as PDF 38202 Federal Register / Vol. 89, No. 89 / Tuesday, May 7, 2024 / Notices POLICIES AND PRACTICES FOR RETRIEVAL OF RECORDS: 1. Records about building access and issuance of accountable property are retrieved by name, Social Security Number, or Employee Identification Number. 2. Records about authorized access to computer and information resources are retrieved by name, logon ID, Employee Identification Number, or other unique identifier of the individual. 3. Report and tracking data created during web-based meetings and video conferences that pertain to individual participants, content shared, conference codes and other relevant session data and historical device usage data are retrieved by meeting ID, host name or host email address. 4. Records pertaining to web-based collaboration and communication applications are retrieved by organizer name and other associated personal identifiers. 5. Media recordings created during web-based meetings and video conferences are retrieved by meeting ID, host name or host email address. 6. Records of carpools and parking facilities are retrieved by name, ZIP Code, space number, or parking license number. 7. Records pertaining to workhour data derived from RFID and Bluetooth technologies are retrieved by name, Employee Identification Number, and Bluetooth Device ID. 8. Records pertaining to transactional data are retrievable by name, EIN, and ACE ID. khammond on DSKJM1Z7X2PROD with NOTICES POLICIES AND PRACTICES FOR RETENTION AND DISPOSAL OF RECORDS: 15:55 May 06, 2024 Jkt 262001 HISTORY: ADMINISTRATIVE, TECHNICAL, AND PHYSICAL SAFEGUARDS: [FR Doc. 2024–09889 Filed 5–6–24; 8:45 am] Paper records, computers, and computer storage media are located in controlled-access areas under supervision of program personnel. Access to these areas is limited to authorized personnel, who must be identified with a badge. Access to records is limited to individuals whose official duties require such access. Contractors and licensees are subject to contract controls and unannounced on-site audits and inspections. Computers are protected by mechanical locks, card key systems, or other physical access control methods. The use of computer systems is regulated with installed security software, computer logon identifications, and operating system controls including access controls, terminal and transaction logging, and file management software. RECORD ACCESS PROCEDURES: Requests for access must be made in accordance with the Notification Procedure above and USPS Privacy Act regulations regarding access to records and verification of identity under 39 CFR 266.5. CONTESTING RECORD PROCEDURES 1. Building access and accountable property records are retained until termination of access or accountability. 2. Records of computer access privileges are retained 1 year after all authorizations are cancelled. 3. Report and tracking data created during web-based meeting and video conferences, such as other relevant session data and historical device usage data, are retained for twenty-four months. 4. Records pertaining to web-based collaboration and communication applications are retained for twenty-four months. 5. Web-based meeting or video session recordings are retained for twenty-four months. 6. Records of carpool membership and use of USPS parking facilities are retained 6 years. 7. Records existing on paper are destroyed by burning, pulping, or shredding. Records existing on VerDate Sep<11>2014 computer storage media are destroyed according to the applicable USPS media sanitization practice. 8. Records pertaining to workhour data derived from RFID and Bluetooth technologies may be retained up to 90 days. 9. Records pertaining to transactional data are retained for two years. See Notification Procedure and Record Access Procedures above. NOTIFICATION PROCEDURES: Inquiries for records about building access, accountable property, carpool membership, and use of USPS parking facilities must be addressed to the facility head. Inquiries about computer access authorization records must be directed to the Manager, Corporate Information Security, 475 L’Enfant Plaza SW, Suite 2141, Washington, DC 20260. For Inspection Service computer access records, inquiries must be submitted to the Inspector in Charge, Information Technology Division, 2111 Wilson Blvd., Suite 500, Arlington, VA 22201. Inquiries must include full name, Social Security Number or Employee Identification Number, and period of employment or residency at the location. June 21, 2023, 88 FR 40340; December 23, 2022, 87 FR 79006; August 4, 2020, 85 FR 47258; June 1, 2020, 85 FR 33210; April 11, 2014, 79 FR 20249; June 27, 2012, 77 FR 38342; June 17, 2011, 76 FR 35483; April 29, 2005, 70 FR 22516 Sarah Sullivan, Attorney, Ethics & Legal Compliance. BILLING CODE 7710–12–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–563, OMB Control No. 3235–0649] Proposed Collection; Comment Request; Extension: Rule 17g–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’’) is soliciting comments on the existing collection of information provided for in Rule 17g–5 (17 CFR 240.17g–5) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (‘‘Exchange Act’’). The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. Rule 17g–5(a)(3) and (e) contain collection of information requirements.1 Specifically, Rule 17g–5(a)(3) prohibits a person within a nationally recognized statistical rating organization (‘‘NRSRO’’) from having a conflict of interest relating to the issuance or maintenance of a credit rating for a security or money market instrument issued by an asset pool or as part of any asset-backed securities transaction that was paid for by the issuer, sponsor, or underwriter of the security or money market instrument unless certain information and representations relating to the security are disclosed or furnished. Currently, there are 6 credit rating agencies registered as NRSROs in the issuer of asset-backed securities category of credit ratings, and it is estimated based on recent issuance data that there are approximately 1,480 new asset-backed securities transactions per year that implicate Rule 17g–5(a)(3). Based on staff experience, the EXEMPTIONS PROMULGATED FOR THE SYSTEM: None PO 00000 Frm 00185 1 See Fmt 4703 Sfmt 4703 E:\FR\FM\07MYN1.SGM 17 CFR 240.17g–5(a)(3) and (e). 07MYN1 Federal Register / Vol. 89, No. 89 / Tuesday, May 7, 2024 / Notices Commission estimates that the total annual hour burden to comply with Rule 17g–5(a)(3) will be 61,899 hours. The Commission further estimates that this annual hour burden will result in a total annual cost of $14,126,168. This cost is attributable to costs that may be incurred by NRSROs and arrangers of asset-backed securities posting information on a password-protected website, as required by Rule 17g–5, and preparing and procuring representations to determine whether an exemption under the rule applies, as well as costs incurred by NRSROs preparing certifications required under the rule to gain access to websites maintained by other NRSROs or arrangers of assetbacked securities. 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 July 8, 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: May 1, 2024. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–09850 Filed 5–6–24; 8:45 am] BILLING CODE 8011–01–P khammond on DSKJM1Z7X2PROD with NOTICES SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–563, OMB Control No. 3235–0693] Proposed Collection; Comment Request; Extension: Rules 17g–8 and 17g–9 Upon Written Request, Copies Available From: Securities and VerDate Sep<11>2014 15:55 May 06, 2024 Jkt 262001 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 Rules 17g–8 and 17g–9 (17 CFR 240.17g–8 and 17 CFR 240.17g– 9) under the Securities Exchange Act of 1934 (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. Rules 17g–8 and 17g–9 set forth collection of information requirements. Specifically, Rule 17g–8 requires nationally recognized statistical rating organizations (‘‘NRSROs’’) to establish, maintain, enforce, and document policies and procedures that are reasonably designed to achieve the objectives articulated in the rule. Generally, these policies and procedures pertain to (i) the procedures and methodologies NRSROs use to determine credit ratings, and (ii) the symbols, numbers, or scores NRSROs use to denote credit ratings.1 Rule 17g– 8 also requires that the policies and procedures an NRSRO is required to establish, maintain, and enforce pursuant to Section 15E(h)(4)(A) of the Securities Exchange Act of 1934 must, at a minimum, include policies and procedures reasonably designed to achieve the objectives articulated in the rule.2 Rule 17g–9 requires each NRSRO to establish, maintain, enforce, and document standards of training, experience, and competence for the individuals it employs to participate in the determination of credit ratings that are reasonably designed to achieve the objective that the NRSRO produces accurate credit ratings.3 Currently, there are 10 credit rating agencies registered as NRSROs with the Commission. The Commission estimates that the total annual hour burden for NRSROs to comply with Rule 17g–8 and Rule 17g–9 is 1,450 hours and 34,658 hours, respectively. The Commission further estimates that these annual hour burdens will result in a total annual cost with respect to Rule 17g–8 of $539,400 and with respect to Rule 17g–9 of $12,951,746. These costs are attributable to costs NRSROs may incur in completing updates and other activities relating to the policies and procedures adopted pursuant to Rule 17g–8 and the 240.17g–8(a) and (b). 240.17g–8(c). 3 See 240.17g–9. standards adopted pursuant to Rule 17g–9, and in conducting the periodic testing of credit analysts pursuant to standards adopted under Rule 17g–9. 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 July 8, 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: May 1, 2024. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–09849 Filed 5–6–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–100046; File No. SR– FINRA–2024–007] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of a Proposed Rule Change To Adopt the FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATETM)) May 1, 2024. Pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 notice is hereby given that on May 1, 2024, the Financial Industry Regulatory Authority, Inc. (‘‘FINRA’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I, II, 1 See 2 See PO 00000 Frm 00186 Fmt 4703 Sfmt 4703 38203 1 15 2 17 U.S.C. 78s(b)(1). CFR 240.19b–4. E:\FR\FM\07MYN1.SGM 07MYN1

Agencies

[Federal Register Volume 89, Number 89 (Tuesday, May 7, 2024)]
[Notices]
[Pages 38202-38203]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-09850]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-563, OMB Control No. 3235-0649]


Proposed Collection; Comment Request; Extension: Rule 17g-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'') is soliciting comments on the existing 
collection of information provided for in Rule 17g-5 (17 CFR 240.17g-5) 
under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) 
(``Exchange Act''). The Commission plans to submit this existing 
collection of information to the Office of Management and Budget for 
extension and approval.
    Rule 17g-5(a)(3) and (e) contain collection of information 
requirements.\1\ Specifically, Rule 17g-5(a)(3) prohibits a person 
within a nationally recognized statistical rating organization 
(``NRSRO'') from having a conflict of interest relating to the issuance 
or maintenance of a credit rating for a security or money market 
instrument issued by an asset pool or as part of any asset-backed 
securities transaction that was paid for by the issuer, sponsor, or 
underwriter of the security or money market instrument unless certain 
information and representations relating to the security are disclosed 
or furnished.
---------------------------------------------------------------------------

    \1\ See 17 CFR 240.17g-5(a)(3) and (e).
---------------------------------------------------------------------------

    Currently, there are 6 credit rating agencies registered as NRSROs 
in the issuer of asset-backed securities category of credit ratings, 
and it is estimated based on recent issuance data that there are 
approximately 1,480 new asset-backed securities transactions per year 
that implicate Rule 17g-5(a)(3). Based on staff experience, the

[[Page 38203]]

Commission estimates that the total annual hour burden to comply with 
Rule 17g-5(a)(3) will be 61,899 hours. The Commission further estimates 
that this annual hour burden will result in a total annual cost of 
$14,126,168. This cost is attributable to costs that may be incurred by 
NRSROs and arrangers of asset-backed securities posting information on 
a password-protected website, as required by Rule 17g-5, and preparing 
and procuring representations to determine whether an exemption under 
the rule applies, as well as costs incurred by NRSROs preparing 
certifications required under the rule to gain access to websites 
maintained by other NRSROs or arrangers of asset-backed securities.
    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 
July 8, 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: May 1, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-09850 Filed 5-6-24; 8:45 am]
BILLING CODE 8011-01-P
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