60 Day Notice

3235-0087 60 Day Notice.pdf

Rule 15Bc3-1, Form MDSW-Withdrawal from Registration of Municipal Securities Dealers

60 Day Notice

OMB: 3235-0087

Document [pdf]
Download: pdf | pdf
Federal Register / Vol. 84, No. 140 / Monday, July 22, 2019 / Notices
FOR FURTHER INFORMATION CONTACT:

David A. Trissell, General Counsel, at
202–789–6820.
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Introduction
II. Docketed Proceeding(s)

jbell on DSK3GLQ082PROD with NOTICES

I. Introduction
The Commission gives notice that the
Postal Service filed request(s) for the
Commission to consider matters related
to negotiated service agreement(s). The
request(s) may propose the addition or
removal of a negotiated service
agreement from the market dominant or
the competitive product list, or the
modification of an existing product
currently appearing on the market
dominant or the competitive product
list.
Section II identifies the docket
number(s) associated with each Postal
Service request, the title of each Postal
Service request, the request’s acceptance
date, and the authority cited by the
Postal Service for each request. For each
request, the Commission appoints an
officer of the Commission to represent
the interests of the general public in the
proceeding, pursuant to 39 U.S.C. 505
(Public Representative). Section II also
establishes comment deadline(s)
pertaining to each request.
The public portions of the Postal
Service’s request(s) can be accessed via
the Commission’s website (http://
www.prc.gov). Non-public portions of
the Postal Service’s request(s), if any,
can be accessed through compliance
with the requirements of 39 CFR
3007.301.1
The Commission invites comments on
whether the Postal Service’s request(s)
in the captioned docket(s) are consistent
with the policies of title 39. For
request(s) that the Postal Service states
concern market dominant product(s),
applicable statutory and regulatory
requirements include 39 U.S.C. 3622, 39
U.S.C. 3642, 39 CFR part 3010, and 39
CFR part 3020, subpart B. For request(s)
that the Postal Service states concern
competitive product(s), applicable
statutory and regulatory requirements
include 39 U.S.C. 3632, 39 U.S.C. 3633,
39 U.S.C. 3642, 39 CFR part 3015, and
39 CFR part 3020, subpart B. Comment
deadline(s) for each request appear in
section II.
II. Docketed Proceeding(s)
1. Docket No(s).: CP2017–251; Filing
Title: Notice of the United States Postal
1 See Docket No. RM2018–3, Order Adopting
Final Rules Relating to Non-Public Information,
June 27, 2018, Attachment A at 19–22 (Order No.
4679).

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Service of Filing Modification Four to a
Global Plus 1D Negotiated Service
Agreement; Filing Acceptance Date: July
16, 2019; Filing Authority: 39 CFR
3015.5; Public Representative:
Christopher C. Mohr; Comments Due:
July 24, 2019.
This Notice will be published in the
Federal Register.
Ruth Ann Abrams,
Acting Secretary.
[FR Doc. 2019–15493 Filed 7–19–19; 8:45 am]
BILLING CODE 7710–FW–P

POSTAL SERVICE
Product Change—Priority Mail and
First-Class Package Service
Negotiated Service Agreement
Postal ServiceTM.
ACTION: Notice.
AGENCY:

The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES: Date of required notice: July 22,
2019.
FOR FURTHER INFORMATION CONTACT:
Sean Robinson, 202–268–8405.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on July 17, 2019,
it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail & First-Class Package
Service Contract 110 to Competitive
Product List. Documents are available at
www.prc.gov, Docket Nos. MC2019–167,
CP2019–187.
SUMMARY:

Sean Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019–15511 Filed 7–19–19; 8:45 am]
BILLING CODE 7710–12–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–93, OMB Control No.
3235–0087]

Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736.
Extension:

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35143

Rule 15Bc3–1 and Form MDSW—
Withdrawal from Registration of
Municipal Securities Dealers.

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’’) is soliciting comments
on the existing collection of information
provided for in Rule 15Bc3–1 (17 CFR
15Bc3–1) and Form MSDW (17 CFR
249.1110) 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
(‘‘OMB’’) for extension and approval.
Rule 15Bc3–1 provides that a notice
of withdrawal from registration with the
Commission as a bank municipal
securities dealer must be filed on Form
MSDW. The Commission uses the
information submitted on Form MSDW
in determining whether it is in the
public interest to permit a bank
municipal securities dealer to withdraw
its registration. This information is also
important to the municipal securities
dealer’s customers and to the public,
because it provides, among other things,
the name and address of a person to
contact regarding any of the municipal
securities dealer’s unfinished business.
Based upon past submissions of one
filing in 2016, two filings in 2017, zero
filings in 2018, and one filing so far in
2019, the staff estimates that, on an
annual basis, approximately one bank
municipal securities dealer will file a
notice of withdrawal from registration
with the Commission as a bank
municipal securities dealer on Form
MSDW. The staff estimates that the
average number of hours necessary to
comply with the notice requirements set
out in Rule 15Bc3–1 and Form MSDW
is 0.5 per respondent, for a total burden
of 0.5 hours per year. The staff estimates
that the average internal compliance
cost per hour is approximately $417.1
Therefore, the estimated total annual
cost of compliance is approximately
$209 per year (0.5 hours/year × $417/
hour = $208.5/year, rounded up to
$209).
Rule 15Bc3–1 does not contain an
explicit recordkeeping requirement, but
the instructions for filing Form MSDW
state that an exact copy should be
retained by the registrant. Providing the
information on the application is
1 The estimate of $417 per hour is for a
compliance attorney, based on the Securities
Industry and Financial Markets Association’s
Management & Professional Earnings in the
Securities Industry 2013, modified by Commission
staff to account for an 1800-hour work-year and
inflation, and multiplied by 5.35 to account for
bonuses, firm size, employee benefits and overhead.

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35144

Federal Register / Vol. 84, No. 140 / Monday, July 22, 2019 / Notices

mandatory in order to withdraw from
registration with the Commission as a
bank municipal securities dealer. The
information contained in the notice will
not be kept confidential.
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 will have practical utility;
(b) the accuracy of the Commission’s
estimate of the burden of the collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information to be 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 in
writing within 60 days of this
publication.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
subject to the PRA unless it displays a
currently valid OMB control number.
Please direct your written comments
to: Charles Riddle, Acting Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Candace
Kenner, 100 F Street NE, Washington,
DC 20549, or send an email to: PRA_
[email protected].
Dated: July 17, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–15529 Filed 7–19–19; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–0088, OMB Control No.
3235–0083]

Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736.

jbell on DSK3GLQ082PROD with NOTICES

Extension:
Rule 15Ba2–1 and Form MSD.

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’’) is soliciting comments
on the existing collection of information
provided for in Rule 15Ba2–1 (17 CFR
240.15Ba2–1) and Form MSD (17 CFR
249.1100), under the Securities and

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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
(‘‘OMB’’) for extension and approval.
Rule 15Ba2–1 provides that an
application for registration with the
Commission by a bank municipal
securities dealer must be filed on Form
MSD. The Commission uses the
information obtained from Form MSD
filings to determine whether bank
municipal securities dealers meet the
standards for registration set forth in the
Act, to maintain a central registry where
members of the public may obtain
information about particular bank
municipal securities dealers, and to
develop risk assessment information
about bank municipal securities dealers.
Form MSD is a one-time registration
form that must be amended only if it
becomes inaccurate. Based upon past
submissions of two initial filings and 11
amendments in 2016, zero initial filings
and 22 amendments in 2017, zero initial
filings and 18 amendments in 2018, and
zero initial filings and zero amendments
so far in 2019, the Commission
estimates that on an annual basis
approximately 1 respondent will utilize
Form MSD for an initial registration
application, and that approximately 13
respondents will utilize Form MSD for
an amendment, for a total of 14
respondents per year. The time required
to complete Form MSD varies with the
size and complexity of the bank
municipal securities dealer’s proposed
operations. Bank personnel that prepare
Form MSD filings previously indicated
that it can take up to 15 hours for a bank
with a large operation and many
employees to complete the form, but
that smaller banks with fewer personnel
can complete the form in one to two
hours. We believe that most recent
applications have come from smaller
banks. Also, amendments to form MSD
are likely to require significantly less
time. We estimate that the total annual
burden is currently 21 hours at an
average of 1.5 hours per respondent. (14
respondents/year × 1.5 hours/
respondent = 21 hours/year). The staff
estimates that the average internal
compliance cost per hour is
approximately $417.1 Therefore, the
estimated total annual cost of
compliance is approximately $8,757 per
1 The estimate of $417 per hour is for a
compliance attorney, based on the Securities
Industry and Financial Markets Association’s
Management & Professional Earnings in the
Securities Industry 2013, modified by Commission
staff to account for an 1800-hour work-year and
inflation, and multiplied by 5.35 to account for
bonuses, firm size, employee benefits and overhead.

PO 00000

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Fmt 4703

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year (21 hours/year × $417/hour =
$8,757/year).
Rule 15Ba2–1 does not contain an
explicit recordkeeping requirement, but
the rule does require the prompt
correction of any information on Form
MSD that becomes inaccurate, meaning
that bank municipal securities dealers
need to maintain a current copy of Form
MSD indefinitely. In addition, the
instructions for filing Form MSD state
that an exact copy should be retained by
the registrant. Providing the information
on the application is mandatory in order
to register with the Commission as a
bank municipal securities dealer. The
information contained in the
application will not be kept
confidential.
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
estimate of the burden of the collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information to be 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 in
writing within 60 days of this
publication.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
subject to the PRA unless it displays a
currently valid OMB control number.
Please direct your written comments
to: Charles Riddle, Acting Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Candace
Kenner, 100 F Street NE, Washington,
DC 20549, or send an email to: PRA_
[email protected].
Dated: July 17, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–15530 Filed 7–19–19; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–176, OMB Control No.
3235–0311]

Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange

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