60 Day Notice

3235-0694.pdf

Rule 17g-10 Certification of providers of third-party due diligence services in connection with asset-backed securities & Form ABS Due Diligence-15E

60 Day Notice

OMB: 3235-0694

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Federal Register / Vol. 89, No. 52 / Friday, March 15, 2024 / Notices
Electronic Comments
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include file number SR–
NYSEARCA–2024–21 on the subject
line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.

khammond on DSKJM1Z7X2PROD with NOTICES

All submissions should refer to file
number SR–NYSE–SR–NYSEARCA–
2024–21. This file number should be
included on the subject line if email is
used. To help the Commission process
and review your comments more
efficiently, please use only one method.
The Commission will post all comments
on the Commission’s internet website
(https://www.sec.gov/rules/sro.shtml).
Copies of the submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE,
Washington, DC 20549, on official
business days between the hours of 10
a.m. and 3 p.m. Copies of the filing also
will be available for inspection and
copying at the principal office of the
Exchange. Do not include personal
identifiable information in submissions;
you should submit only information
that you wish to make available
publicly. We may redact in part or
withhold entirely from publication
submitted material that is obscene or
subject to copyright protection. All
submissions should refer to file number
SR–SR–NYSEARCA–2024–21 and
should be submitted on or before April
5, 2024.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.16
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–05485 Filed 3–14–24; 8:45 am]
BILLING CODE 8011–01–P
16 17

CFR 200.30–3(a)(12).

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18:17 Mar 14, 2024

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SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–563, OMB Control No.
3235–0694]

Proposed Collection; Comment
Request; Extension: Rule 17g–10 and
Form ABS Due Diligence–15E
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–10 and Form
ABS Due Diligence–15E (17 CFR
240.17g–10 and 17 CFR 249b.500) under
the Securities Exchange Act of 1934
(‘‘Exchange Act’’) (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.
Rule 17g–10 requires a provider of
third-party due diligence services to
provide the written certification
required by Section 15E(s)(4) of the
Exchange Act on Form ABS Due
Diligence–15E. Based on Commission
staff’s experience, it is estimated that
third-party due diligence service
providers would be required to spend,
on average, 0.20 hours to complete and
transmit Form ABS Due Diligence–15E,
for a total annual burden of 470 hours.1
The cost for a compliance manager to
complete and submit Form ABS Due
Diligence–15E pursuant to Rule 17g–10
is estimated at $372 per hour,2 resulting
in an industry-wide annual internal cost
to third-party service providers of
$175,000 per year.
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;
1 This figure is calculated by multiplying the per
year average number of offerings of asset-backed
securities, as the term is defined in Section 3(a)(79)
of the Exchange Act, which was estimated at 1,410
offerings, by the hour burden to complete and
transmit Form ABS Due Diligence–15E, estimated at
0.20 hours (1,410 offerings × 0.20 hours = 470
hours).
2 The $372 figure for a compliance manager is
based on SIFMA’s Management & Professional
Earnings in the Securities Industry 2013, modified
by Commission staff to account for an 1,800-hour
work-year and multiplied by 5.35 to account for
bonuses, firm size, employee benefits and overhead,
as adjusted for inflation using the Bureau of Labor
Statistics’ CPI Inflation Calculator.

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(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
May 14, 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: March 12, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–05542 Filed 3–14–24; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–99712; File No. SR–FICC–
2024–801]

Self-Regulatory Organizations; Fixed
Income Clearing Corporation; Notice of
Filing and Extension of Review Period
of Advance Notice To Adopt a
Minimum Margin Amount at GSD
March 11, 2024.

Pursuant to Section 806(e)(1) of Title
VIII of the Dodd-Frank Wall Street
Reform and Consumer Protection Act
entitled the Payment, Clearing, and
Settlement Supervision Act of 2010
(‘‘Clearing Supervision Act’’) 1 and Rule
19b–4(n)(1)(i) under the Securities
Exchange Act of 1934 (‘‘Act’’),2 notice is
hereby given that on February 27, 2024,
Fixed Income Clearing Corporation
(‘‘FICC’’) filed with the Securities and
Exchange Commission (‘‘Commission’’)
the advance notice SR–FICC–2024–801
(‘‘Advance Notice’’) as described in
Items I, II and III below, which Items
have been prepared primarily by the
clearing agency.3 The Commission is
1 12

U.S.C. 5465(e)(1).
CFR 240.19b–4(n)(1)(i).
3 On February 27, 2024, FICC filed this Advance
Notice as a proposed rule change (SR–FICC–2024–
003) with the Commission pursuant to Section
19(b)(1) of the Act, 15 U.S.C. 78s(b)(1), and Rule
19b–4 thereunder, 17 CFR 240.19b–4. A copy of the
2 17

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