Rule 147(f)(1)(iii) 60 Day Notice

Federal Register / Vol. 84, No. 238 / Wednesday, December 11, 2019 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–498, OMB Control No.
3235–0556]

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.

lotter on DSKBCFDHB2PROD with NOTICES

Extension:
Rule 15b11–1/Form BD–N.

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 collection of information
provided for in Rule 15b11–1 (17 CFR
240.15b11–1) under the Securities
Exchange Act of 1934 (‘‘Exchange Act’’)
(15 U.S.C. 78a et seq.) and Form BD–N
(17 CFR 249.501b). The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget (‘‘OMB’’) for
extension and approval.
Rule 15b11–1 provides that a broker
or dealer may register by notice
pursuant to section 15(b)(11)(A) of the
Exchange Act (15 U.S.C. 78o(b)(11)(A))
if it: (1) Is registered with the
Commodity Futures Trading
Commission as a futures commission
merchant or an introducing broker, as
those terms are defined in the
Commodity Exchange Act (7 U.S.C. 1, et
seq.); (2) is a member of the National
Futures Association or another national
securities association registered under
section 15A(k) of the Exchange Act (15
U.S.C. 78o–3(k)); and (3) is not required
to register as a broker or dealer in
connection with transactions in
securities other than security futures
products. The rule also requires a broker
or dealer registering by notice to do so
by filing Form BD–N (17 CFR 249.501b)
in accordance with the instructions to
the form. In addition, the rule provides
that if the information provided by
filing the form is or becomes inaccurate
for any reason, the broker or dealer shall
promptly file an amendment on the
form correcting such information.
The Commission staff estimates that
the total annual reporting burden
associated with Rule 15b11–1 and Form
BD–N is approximately two hours,
based on an average of two initial notice
registrations per year that each take
approximately 30 minutes to complete,
for one hour, plus an average of three
amendments per year that each take
approximately fifteen minutes to

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complete, for 0.75 hours, rounded up to
one hour, for a total of two hours.
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 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
under 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 Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549, or send an email to: PRA_
[email protected].
Dated: December 5, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–26629 Filed 12–10–19; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–87671; File No. SR–NYSE–
2019–54]

Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Designation of a Longer Period for
Commission Action on a Proposed
Rule Change To Permit the Exchange
To List and Trade Exchange Traded
Products
December 5, 2019.

On October 3, 2019, New York Stock
Exchange LLC (‘‘Exchange’’) filed with
the Securities and Exchange
Commission (‘‘Commission’’), pursuant
to Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
19b–4 thereunder,2 a proposed rule
change to list and trade Exchange
Traded Products that have a component
NMS Stock listed on the Exchange or
1 15
2 17

PO 00000

U.S.C.78s(b)(1).
CFR 240.19b–4.

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67763

that are based on, or represent an
interest in, an underlying index or
reference asset that includes an NMS
Stock listed on the Exchange. The
proposed rule change was published for
comment in the Federal Register on
October 23, 2019.3 The Commission has
received no comment letters on the
proposed rule change.
Section 19(b)(2) of the Act 4 provides
that within 45 days of the publication of
notice of the filing of a proposed rule
change, or within such longer period up
to 90 days as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
reasons for so finding, or as to which the
self-regulatory organization consents,
the Commission shall either approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether the
proposed rule change should be
disapproved. The 45th day after
publication of the notice for this
proposed rule change is December 7,
2019. The Commission is extending this
45-day time period.
The Commission finds it appropriate
to designate a longer period within
which to take action on the proposed
rule change so that it has sufficient time
to consider the proposed rule change.
Accordingly, the Commission, pursuant
to Section 19(b)(2) of the Act,5
designates January 21, 2020 as the date
by which the Commission shall either
approve or disapprove, or institute
proceedings to determine whether to
disapprove, the proposed rule change
(File No. SR–NYSE–2019–54).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–26641 Filed 12–10–19; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
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:
3 See Securities Exchange Act Release No. 87329
(Oct. 17, 2019), 84 FR 56864.
4 15 U.S.C. 78s(b)(2).
5 Id.
6 17 CFR 200.30–3(a)(31).

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67764

Federal Register / Vol. 84, No. 238 / Wednesday, December 11, 2019 / Notices

lotter on DSKBCFDHB2PROD with NOTICES

Rule 147(f)(1)(iii) Written Representation
as to Purchaser Residency, SEC File No.
270–805, OMB Control No. 3235–0756

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 collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Rule 147 is a safe harbor under the
Securities Act Section 3(a)(11)(15 U.S.C.
77c(a)(11)) exemption from registration.
To qualify for the safe harbor, Rule
147(f)(1)(iii) (17 CFR 230.147) will
require the issuer to obtain from the
purchaser a written representation as to
the purchaser’s residency. Under Rule
147, the purchaser in the offering must
be a resident of the same state or
territory in which the issuer is a
resident. While the formal
representation of residency by itself is
not sufficient to establish a reasonable
belief that such purchasers are in-state
residents, the representation
requirement, together with the
reasonable belief standard, may result in
better compliance with the rule and
maintaining appropriate investor
protections. The representation of
residency is not provided to the
Commission. Approximately 700
respondents provide the information
required by Rule 147(f)(1)(iii) at an
estimated 2.75 hours per response for a
total annual reporting burden of 1,925
hours (2.75 hours × 700 responses).
Written comments are invited on: (a)
Whether this proposed collection of
information is necessary for the
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden imposed by the collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information 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
unless it displays a currently valid
control number.
Please direct your written comment to
Charles Riddle, Acting Director/Chief
Information Officer, Securities and

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16:23 Dec 10, 2019

Jkt 250001

Exchange Commission, c/o Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
[email protected].
Dated: December 5, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–26627 Filed 12–10–19; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request

Extension:
Form SD, SEC File No. 270–647, OMB
Control No. 3235–0697

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 this
request for extension of the previously
approved collection of information
discussed below.
Form SD (17 CFR 249b–400) under
Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.) (‘‘Exchange Act’’)
pursuant to Section 13(p) (15 U.S.C.
78m(p)) of the Exchange Act is filed by
issuers to provide disclosures regarding
the source and chain of custody of
certain minerals used in their products.
The information provided is mandatory
and all information is made available to
the public upon request. We estimate
that Form SD takes approximately
541.3596 hours per response to prepare
and is filed by approximately 1,481
issuers. We estimate that 75% of the
541.3596 hours per response (406.0197
hours) is prepared by the issuer
internally for a total annual burden of
601,315 hours (406.0197 hours per
response × 1,481 responses).
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
control number.
The public may view the background
documentation for this information
collection at the following website,
www.reginfo.gov. Comments should be
directed to: (i) Desk Officer for the
Securities and Exchange Commission,
Office of Information and Regulatory
Affairs, Office of Management and
Budget, Room 10102, New Executive

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Dated: December 5, 2019.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–26628 Filed 12–10–19; 8:45 am]

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

PO 00000

Office Building, Washington, DC 20503,
or by sending an email to:
[email protected]; and (ii)
Charles Riddle, Acting Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
[email protected]. Comments must be
submitted to OMB within 30 days of
this notice.

BILLING CODE 8011–01–P

SMALL BUSINESS ADMINISTRATION
[License No. 04/04–0330]

Ballast Point Ventures III, L.P.; Notice
Seeking Exemption Under Section 312
of the Small Business Investment Act,
Conflicts of Interest
Notice is hereby given that Ballast
Point Ventures III, L.P., 401 East Jackson
Street, Suite 2300, Tampa, FL 33602, a
Federal Licensee under the Small
Business Investment Act of 1958, as
amended (‘‘the Act’’), in connection
with the financing in a small concern,
has sought an exemption under Section
312 of the Act, Section 107.730,
Financings which constitute Conflicts of
Interest of the Small Business
Administration (‘‘SBA’’) Rules and
Regulations (13 CFR 107.730). Ballast
Point Ventures III, L.P. proposes to
invest $2 million in YPrime Inc., 9 Great
Valley Parkway, Malvern, PA 19355, in
a proposed $5 million follow-on
financing led by a significant
sophisticated third party. The financing
is brought within the purview of
§ 107.730(a)(1) of the Regulations
because Ballast Point Ventures II, LP
and Ballast Point Ventures EF II, LP
(together ‘‘BPV II’’) and YPrime Inc. are
Associates to the Licensee. YPrime is
expected to receive $5 million from a
proposed $5 million follow-on
financing. Thus, this transaction
constitutes a Conflict of Interest
requiring SBA’s prior written
exemption.
Notice is hereby given that any
interested person may submit written
comments on this transaction within
fifteen days of the date of this
publication to the Associate
Administrator, Office of Investment and
Innovation, U.S. Small Business

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