60 day notice

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Federal Register / Vol. 84, No. 48 / Tuesday, March 12, 2019 / Notices
comments were received for this
information collection. The purpose of
this notice is to allow an additional 30
days for public comments. The Office of
Management and Budget is particularly
interested in comments that:

Number of Respondents: 1,500.
Estimated Time per Respondent: 40
minutes.
Total Burden Hours: 1,000.
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
[FR Doc. 2019–04402 Filed 3–11–19; 8:45 am]
BILLING CODE 6325–38–P

OFFICE OF PERSONNEL
MANAGEMENT
Submission for Review: Certification of
Qualifying District of Columbia Service
Under Section 1905
Office of Personnel
Management.
ACTION: 30-Day notice and request for
comments.
AGENCY:

Retirement Services, Office of
Personnel Management (OPM) offers the
general public and other federal
agencies the opportunity to comment on
the revision of a currently approved
information collection RI 20–126,
Certification of Qualifying District of
Columbia Service under Section 1905.
DATES: Comments are encouraged and
will be accepted until April 11, 2019.
This process is conducted in accordance
with 5 CFR 1320.1.
ADDRESSES: Interested persons are
invited to submit written comments on
the proposed information collection to
the Office of Information and Regulatory
Affairs, Office of Management and
Budget, 725 17th Street NW,
Washington, DC 20503, Attention: Desk
Officer for the Office of Personnel
Management or sent via electronic mail
to [email protected] or
faxed to (202) 395–6974.
FOR FURTHER INFORMATION CONTACT: A
copy of this ICR, with applicable
supporting documentation, may be
obtained by contacting the Retirement
Services Publications Team, Office of
Personnel Management, 1900 E Street
NW, Room 3316–L, Washington, DC
20415, Attention: Cyrus S. Benson, or
sent by email to [email protected]
or faxed to (202) 606–0910 or reached
via telephone at (202) 606–4808.
SUPPLEMENTARY INFORMATION: As
required by the Paperwork Reduction
Act of 1995, (Pub. L. 104–13, 44 U.S.C.
chapter 35) as amended by the ClingerCohen Act (Pub. L. 104–106), OPM is
soliciting comments for this collection.
The information collection was
previously published in the Federal
Register on November 28, 2018 at
Volume 83 FR 61174 allowing for a 60day public comment period. No
SUMMARY:

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1. Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency, including
whether the information will have
practical utility;
2. Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
3. Enhance the quality, utility, and
clarity of the information to be
collected; and
4. Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submissions
of responses.
Form RI 20–126 is used to certify that
an employee performed certain service
with the District of Columbia (DC) that
qualifies under section 1905 of Public
Law 111–84 for determining retirement
eligibility. However, this service cannot
be used in the computation of a
retirement benefit.
Analysis
Agency: Retirement Services, Office of
Personnel Management.
Title: Certification of Qualifying
District of Columbia Service under
Section 1905 of Public Law 111–84.
OMB Number: 3206–0268.
Frequency: On occasion.
Affected Public: Individuals or
Households.
Number of Respondents: 1,000.
Estimated Time per Respondent: 30
minutes.
Total Burden Hours: 500.
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
[FR Doc. 2019–04401 Filed 3–11–19; 8:45 am]
BILLING CODE 6325–38–P

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OFFICE OF PERSONNEL
MANAGEMENT
Submission for Review: Combined
Federal Campaign Charity
Applications, OPM Forms 1647–A, –B,
and –E, 3206–0269
Office of Personnel
Management.
ACTION: 60-Day notice and request for
comments.
AGENCY:

The Office of Personnel
Management (OPM), Office of Combined
Federal Campaign (CFC), offers the
general public and other federal
agencies the opportunity to comment on
a revision to an existing information
collection request, CFC Applications
OMB Control No. 3206–0269, which
includes OPM Forms 1647–A, –B, and
–E. As required by the Paperwork
Reduction Act of 1995, as amended by
the Clinger-Cohen Act, OPM is
soliciting comments for this collection.
The OPM is particularly interested in
comments that: Evaluate whether the
proposed collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information will have
practical utility; Evaluate the accuracy
of the agency’s estimate of the burden of
the proposed collection of information,
including the validity of the
methodology and assumptions used;
Enhance the quality, utility, and clarity
of the information to be collected; and
Minimize the burden of the collection of
information on those who are to
respond, including through the use of
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., permitting
electronic submissions of responses.
DATES: Comments are encouraged and
will be accepted until May 13, 2019.
This process is conducted in accordance
with 5 CFR 1320.1.
ADDRESSES: You may submit comments,
identified by docket number and title,
by the following method:
• Federal Rulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
All submissions received must include
the agency name and docket number for
this document. The general policy for
comments and other submissions from
members of the public is to make these
submissions available for public
viewing at http://www.regulations.gov
as they are received without change,
including any personal identifiers or
contact information.
SUMMARY:

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Federal Register / Vol. 84, No. 48 / Tuesday, March 12, 2019 / Notices
A
copy of this ICR, with applicable
supporting documentation, may be
obtained by contacting the U.S. Office of
Personnel Management, Office of
Combined Federal Campaign, 1900 E
Street NW, Washington, DC 20415,
Attention: Marcus Glasgow, by sending
an email to [email protected] or calling (202)
606–2564.
SUPPLEMENTARY INFORMATION: The CFC
is the world’s largest and most
successful annual workplace
philanthropic giving campaign, with 36
CFC Zones throughout the country and
overseas raising millions of dollars each
year. The mission of the CFC is to
promote and support philanthropy
through a program that is employee
focused, cost-efficient, and effective in
providing all federal employees the
opportunity to improve the quality of
life for all.
The CFC Eligibility Applications are
used to review the eligibility of national,
international, and local charitable
organizations that wish to participate in
the CFC.
FOR FURTHER INFORMATION CONTACT:

Analysis
Agency: Combined Federal Campaign,
Office of Personnel Management.
Title: OPM Forms 1647–A, –B, and
–E.
OMB Number: OMB Control No.
3206–0269,
Frequency: Annually.
Affected Public: Individuals or
Households.
Number of Respondents: 10,000.
Estimated Time per Respondent: 2
hours.
Total Burden Hours: 20,000 hours.
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
BILLING CODE 6325–46–P

The Exchange proposes to adjust its
annual fee requirements for listed
companies for any calendar year in
which a listed company consummates a
reverse stock split. The proposed rule
change is available on the Exchange’s
website at www.nyse.com, at the
principal office of the Exchange, and at
the Commission’s Public Reference
Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
self-regulatory organization included
statements concerning the purpose of,
and basis for, the proposed rule change
and discussed any comments it received
on the proposed rule change. The text
of those statements may be examined at
the places specified in Item IV below.
The Exchange has prepared summaries,
set forth in sections A, B, and C below,
of the most significant parts of such
statements.

1. Purpose

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–85252; File No. SR–NYSE–
2019–04]

Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Adjust Its
Annual Fee Requirements for Listed
Companies for Any Calendar Year in
Which a Listed Company
Consummates a Reverse Stock Split
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the

I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change

A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change

[FR Doc. 2019–04397 Filed 3–11–19; 8:45 am]

March 6, 2019.

‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on February
22, 2019, New York Stock Exchange
LLC (‘‘NYSE’’ or the ‘‘Exchange’’) filed
with the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I, II, and III below, which Items
have been prepared by the selfregulatory organization. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.

The Exchange proposes to adjust its
annual fee requirements for listed
companies for any calendar year in
which a listed company consummates a
reverse stock split.
Sections 902.02 and 902.03 of the
Manual set forth the Exchange’s
requirements with respect to the
payment of annual fees by listed
companies. Listed companies are billed
annual fees on a per share basis
(currently at a rate of $0.0011 per share)
based on the number of shares issued
and outstanding (including treasury
shares) on December 31 of the prior
U.S.C. 78a.
3 17 CFR 240.19b–4.

U.S.C. 78s(b)(1).

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calendar year.4 The Exchange believes
this is generally an appropriate
approach, as it is unusual for listed
companies to significantly reduce the
number of shares outstanding during the
course of the year and, in fact,
companies often issue significant
additional shares during the course of a
year and they are not charged annual
fees for those shares in the first partial
year after their issuance (although
companies are charged initial listing
fees on any additional shares issued
during the course of the year).
However, there may be a small
number of listed companies each year
that consummate reverse stock splits. A
reverse stock split results in a
significant reduction in the number of
shares outstanding, usually resulting in
the post-split shares outstanding
representing a small percentage of the
number of shares outstanding pre-split.
One consequence of this is that the
listed company’s annual fees will reflect
shares that are not outstanding for a
portion of that year. The Exchange
believes it is appropriate to address this
anomaly, particularly in light of the fact
that a listed company generally only
consummates a reverse stock split to
address a low trading price and, in
many cases, may be required to take the
action to bring the company into
compliance with Exchange continued
listing standards.
For the foregoing reasons, the
Exchange proposes to amend Section
902.02 of the Manual to include a new
subsection providing that,
notwithstanding any other provision of
Section 902.02 with respect to the
calculation of annual fees, in any
calendar year in which a listed company
consummates a reverse stock split, such
company will be charged prorated
annual fees for the period prior to such
consummation based on the shares
outstanding on December 31 of the
immediately preceding year (‘‘Original
Shares Outstanding’’). With respect to
the remainder of that year, such
company will be charged annual fees on
a prorated basis based on the Original
Shares Outstanding as adjusted by the
reverse split ratio. The Exchange will
make any appropriate adjustments to its
billing procedures to implement this
provision.
The Exchange notes that there are
typically only a small number of reverse
stock splits consummated by listed
companies in the course of a year.
Consequently, the proposed rule change
would not affect the Exchange’s
4 At the beginning of each calendar year, the
Exchange invoices issuers for annual fees
applicable to that year.

2 15
1 15

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