60 Day Notice

Federal Register / Vol. 88, No. 176 / Wednesday, September 13, 2023 / Notices
This Notice will be published in the
Federal Register.
Erica A. Barker,
Secretary.
[FR Doc. 2023–19723 Filed 9–12–23; 8:45 am]
BILLING CODE 7710–FW–P

POSTAL SERVICE
International Product Change—Priority
Mail Express International, Priority Mail
International & First-Class Package
International Service Agreement
Postal ServiceTM.
ACTION: Notice.
AGENCY:

The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a Priority
Mail Express International, Priority Mail
International & First-Class Package
International Service contract to the list
of Negotiated Service Agreements in the
Competitive Product List in the Mail
Classification Schedule.
DATES: Date of notice: September 13,
2023.
SUMMARY:

FOR FURTHER INFORMATION CONTACT:

Christopher C. Meyerson, (202) 268–
7820.
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on September 6,
2023, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Express International,
Priority Mail International & First-Class
Package International Service Contract
26 to Competitive Product List.
Documents are available at
www.prc.gov, Docket Nos. MC2023–259
and CP2023–262.
SUPPLEMENTARY INFORMATION:

Sarah Sullivan,
Attorney, Ethics & Legal Compliance.
[FR Doc. 2023–19813 Filed 9–12–23; 8:45 am]
BILLING CODE 7710–12–P

SECURITIES AND EXCHANGE
COMMISSION

ddrumheller on DSK120RN23PROD with NOTICES1

[SEC File No. 270–325, OMB Control No.
3235–0385]

Proposed Collection; Comment
Request; Extension: Rule 15g–9
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

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(‘‘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 15g–9 (17 CFR
240.15g–9) (the ‘‘Rule’’), under the
Securities Exchange Act of 1934 (15
U.S. C. 78a et seq.) (the ‘‘Exchange
Act’’). The Commission plans to submit
this existing collection of information to
the Office of Management and Budget
(‘‘OMB’’) for extension and approval.
Section 15(c)(2) of the Exchange Act
(15 U.S.C. authorizes the Commission to
promulgate rules that prescribe means
reasonably designed to prevent
fraudulent, deceptive, or manipulative
practices in connection with over-thecounter (‘‘OTC’’) securities transactions.
Pursuant to this authority, the
Commission in 1989 adopted Rule
15c2–6, which was subsequently
redesignated as Rule 15g–9, 17 CFR
240.15g–9. The Rule requires brokerdealers to produce a written suitability
determination for, and to obtain a
written customer agreement to, certain
recommended transactions in penny
stocks that are not registered on a
national securities exchange, and whose
issuers do not meet certain minimum
financial standards. The Rule is
intended to prevent the indiscriminate
use by broker-dealers of fraudulent, high
pressure telephone sales campaigns to
sell penny stocks to unsophisticated
customers.
The Commission staff estimates that
approximately five percent of registered
broker-dealers, or 175 broker-dealers,1
are subject to the Rule (5% ×
approximately 3,497 registered brokerdealers = 175 broker-dealers). As
indicated above, the burden of the Rule
on a respondent varies widely
depending on the frequency with which
new customers are solicited. On
average, for all respondents, the staff has
estimated that respondents process
three new customers per week, or
approximately 156 new customers
requiring suitability determinations per
year. We also estimate that a brokerdealer would take approximately onehalf hour per new customer in
obtaining, reviewing, and processing
(including transmitting to the customer)
the information required by Rule 15g–9,
and each respondent would
consequently spend 78 hours annually
(156 new customers × .5 hours)
obtaining the information required in
the Rule. This would result in 27,300
annual responses per year for all
respondents (175 respondents × 156
1 As of July 1, 2023, there are 3,497 registered
broker-dealers. 5% of 3,497 is 174.85, rounded up
to 175.

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62831

new customer suitability determinations
per year). We determined, based on the
estimate of 175 broker-dealer
respondents, that the annual hour
burden of Rule 15g–9 is 13,650 hours
(175 respondents × 78 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 by
November 13, 2023.
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: David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549, or send an email to: PRA_
[email protected].
Dated: September 8, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–19790 Filed 9–12–23; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–048, OMB Control No.
3235–0063]

Submission for OMB Review;
Comment Request; Extension:
Exchange Act Form 10–K
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’’) has submitted to the
Office of Management and Budget this
request for extension of the previously
approved collection of information
discussed below.

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Federal Register / Vol. 88, No. 176 / Wednesday, September 13, 2023 / Notices

Form 10–K (17 CFR 249.310) is filed
by issuers of securities to satisfy their
annual reporting obligations under to
Section 13 or 15(d) of the Exchange Act
(‘‘Exchange Act’’) (15 U.S.C. 78m or
78o(d)). The information provided by
Form 10–K is intended to ensure the
adequacy of information available to
investors and securities markets about
an issuer. Form 10–K takes
approximately 2,249.366 hours per
response to prepare and is filed by
approximately 8,292 respondents. We
estimate that 75% of the approximately
hours per response (1,687.025 hours) is
prepared by the company for an annual
reporting burden of 13,988,811 hours
(1,687.025 hours per response × 8,292
responses).
An agency may 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 background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice by October 13, 2023 to (i)
www.reginfo.gov/public/do/PRAMain
and (ii) David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549, or by sending an email to:
[email protected].
Dated: September 8, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–19791 Filed 9–12–23; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–096, OMB Control No.
3235–0151]

ddrumheller on DSK120RN23PROD with NOTICES1

Proposed Collection; Comment
Request; Extension: Rule 17Ac3–1(a)
and Form TA–W
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
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
Securities and Exchange Commission

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(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
extension of the previously approved
collection of information provided for in
Rule 17Ac3–1(a) (17 CFR 240.17Ac3–
1(a)) and Form TA–W (17 CFR
249b.101), under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.).
Section 17A(c)(4)(B) of the Securities
Exchange Act of 1934 (15 U.S.C.
78c(a)(34)(B) authorizes transfer agents
registered with an appropriate
regulatory agency (‘‘ARA’’) to withdraw
from registration by filing with the ARA
a written notice of withdrawal and by
agreeing to such terms and conditions as
the ARA deems necessary or
appropriate in the public interest, for
the protection of investors, or in the
furtherance of the purposes of Section
17A.
In order to implement Section
17A(c)(4)(B) of the Exchange Act, the
Commission promulgated Rule 17Ac3–
1(a) and accompanying Form TA–W on
September 1, 1977. Rule 17Ac3–1(a)
provides that notice of withdrawal of
registration as a transfer agent with the
Commission shall be filed on Form TA–
W. Form TA–W requires the
withdrawing transfer agent to provide
the Commission with certain
information, including: (1) the locations
where transfer agent activities are or
were performed; (2) the reasons for
ceasing the performance of such
activities; (3) disclosure of unsatisfied
judgments or liens; and (4) information
regarding successor transfer agents.
The Commission uses the information
disclosed on Form TA–W to determine
whether the registered transfer agent
applying for withdrawal from
registration as a transfer agent should be
allowed to deregister and, if so, whether
the Commission should attach to the
granting of the application any terms or
conditions necessary or appropriate in
the public interest, for the protection of
investors, or in furtherance of the
purposes of Section 17A of the
Exchange Act. Without Rule 17Ac3–1(a)
and Form TA–W, transfer agents
registered with the Commission would
not have a means to voluntarily
deregister it is necessary or appropriate
to do so.
On average, respondents have filed
approximately 50 TA-Ws with the
Commission annually from 2020 to
2023. A Form TA–W filing occurs only
once, when a transfer agent is seeking
deregistration. In view of the readily
available information requested by Form
TA–W, its short and simple
presentation, and the Commission’s
experience with the filers, we estimate

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that approximately 30 minutes is
required to complete and file Form TA–
W. Thus, the total annual time burden
to the transfer agent industry is
approximately 25 hours (50 filings × 0.5
hours). We estimate that the internal
labor cost of compliance per filing is
$39 (0.5 hours × $78 average hourly rate
for clerical staff time).1 Thus, the total
internal compliance cost per year is thus
approximately $975 (25 hours x $39 =
$975).
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 by
November 13, 2023.
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: David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549, or send an email to: PRA_
[email protected].
Dated: September 8, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–19789 Filed 9–12–23; 8:45 am]
BILLING CODE 8011–01–P

1 The $78 per hour figure for clerical staff time is
from SIFMA’s Office Salaries in the Securities
Industry 2013, modified by Commission staff to
account for an 1800-hour work-year and inflation,
and multiplied by 2.93 to account for bonuses, firm
size, employee benefits and overhead.

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