[Federal Register Volume 82, Number 117 (Tuesday, June 20, 2017)]
[Notices]
[Page 28156]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-12832]
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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:
Implementing the Whistleblower Provisions of Section 21F of the
Securities Exchange Act of 1934--Form TCR and Form WB-APP, OMB
Control No. 3235-0686, SEC File No. 270-625.
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 an
extension for this current collection of information to the Office of
Management and Budget for approval.
In Release No. 34-64545,\1\ the Commission adopted rules
(``Rules'') and forms to implement Section 21F of the Securities
Exchange Act of 1934 entitled ``Securities Whistleblower Incentives and
Protection,'' which was created by Section 922 of the Dodd-Frank Wall
Street Reform and Consumer Protection Act (``Dodd-Frank Act'').\2\ The
Rules describe the whistleblower program that the Commission has
established pursuant to the Dodd-Frank Act which requires the
Commission to pay an award, subject to certain limitations and
conditions, to whistleblowers who voluntarily provide the Commission
with original information about a violation of the federal securities
laws that leads to the successful enforcement of a covered judicial or
administrative action, or of a related action. The Rules define certain
terms critical to the operation of the whistleblower program, outline
the procedures for applying for awards and the Commission's procedures
for making decisions on claims, and generally explain the scope of the
whistleblower program to the public and to potential whistleblowers.
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\1\ Implementation of the Whistleblower Provisions of Section
21F of the Securities Exchange Act of 1934, Release No. 34-64545;
File No. S7-33-10 (adopted May 25, 2011).
\2\ Public Law 111-203, 922(a), 124 Stat 1841 (2010).
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Form TCR is a form submitted by whistleblowers who wish to provide
information to the Commission and its staff regarding potential
violations of the securities laws. Form TCR is required for submission
of information under the Rules. The Commission estimates that it takes
a whistleblower, on average, one and one-half hours to complete Form
TCR. Based on the receipt of approximately 700 annual responses on
average for the past three fiscal years, the Commission estimates that
the annual PRA burden of Form TCR is 1,050 hours.
Form WB-APP is a form that is submitted by whistleblowers filing a
claim for a whistleblower award. Form WB-APP is required for
application for an award under the Rules. The Commission estimates that
it takes a whistleblower, on average, two hours to complete Form WB-
APP. The completion time depends largely on the complexity of the
alleged violation and the amount of information the whistleblower
possesses in support of his or her application for an award. Based on
the receipt of approximately 150 annual responses on average for the
past three fiscal years, the Commission estimates that the annual PRA
burden of Form WB-APP is 300 hours. The total estimated annual
reporting burden for Form TCR and Form WB-APP is 1,350 hours.
Written comments are invited on: (a) Whether this collection of
information is necessary for the proper 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. Please direct your written comments to Pamela
Dyson, Director/Chief Information Officer, Securities and Exchange
Commission, c/o Remi Pavlik-Simon, 100 F St. NE., Washington, DC 20549;
or send an email to: [email protected].
Dated: June 15, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-12832 Filed 6-19-17; 8:45 am]
BILLING CODE 8011-01-P