[Federal Register Volume 78, Number 30 (Wednesday, February 13, 2013)]
[Pages 10211-10212]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-03318]



Office of the Secretary

Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Securities Lending by Employee Benefit Plans

ACTION: Notice.


SUMMARY: The Department of Labor (DOL) is submitting the Employee 
Benefits Security Administration (EBSA) sponsored information 
collection request (ICR) titled, ``Securities Lending by Employee 
Benefit Plans,'' to the Office of Management and Budget (OMB) for 
review and approval for continued use in accordance with the Paperwork 
Reduction Act (PRA) of 1995 (44 U.S.C. 3501 et seq.).

DATES: Submit comments on or before March 15, 2013.

ADDRESSES: A copy of this ICR with applicable supporting documentation; 
including a description of the likely respondents, proposed frequency 
of response, and estimated total burden may be obtained from the 
RegInfo.gov Web site, http://www.reginfo.gov/public/do/PRAMain, on the 
day following publication of this notice or by contacting Michel Smyth 
by telephone at 202-693-4129 (this is not a toll-free number) or 
sending an email to DOL_PRA_PUBLIC@dol.gov.
    Submit comments about this request to the Office of Information and 
Regulatory Affairs, Attn: OMB Desk Officer for DOL-EBSA, Office of 
Management and Budget, Room 10235, 725 17th Street NW., Washington, DC 
20503, Fax: 202-395-6881 (this is not a toll-free number), email: 

FOR FURTHER INFORMATION CONTACT: Michel Smyth by telephone at 202-693-
4129 (this is not a toll-free number) or by email at DOL_PRA_PUBLIC@dol.gov.

    Authority: 44 U.S.C. 3507(a)(1)(D).

SUPPLEMENTARY INFORMATION: The Securities Lending by Employee Benefit 
Plans Prohibited Transaction Exemption (PTE 2006-16) permits an 
employee benefit plan to lend securities to certain broker-dealers and 
banks and to make compensation arrangements for lending services 
provided by a plan fiduciary in connection with such securities loans. 
The PTE includes third-party disclosures, specifically financial 
statements and lending and compensation agreements.
    Such third-party disclosures are information collections subject to 
the PRA. A Federal agency generally cannot conduct or sponsor a 
collection of information, and the public is generally not required to 
respond to an information collection, unless it is approved by the OMB 
under the PRA and displays a currently valid OMB Control Number. In 
addition, notwithstanding any other provisions of law, no person shall 
generally be subject to penalty for failing to comply with a collection 
of information that does not display a valid Control Number. See 5 CFR 
1320.5(a) and 1320.6. The DOL obtains OMB approval for this information 
collection under Control Number 1210-0065. The current approval is 
scheduled to expire on February 28, 2013; however, it should be noted 
that existing information collection requirements submitted to the OMB 
receive a month-to-month extension while they undergo review.

[[Page 10212]]

For additional information, see the related notice published in the 
Federal Register on November 27, 2012 (77 FR 70828).
    Interested parties are encouraged to send comments to the OMB, 
Office of Information and Regulatory Affairs at the address shown in 
the ADDRESSES section within 30 days of publication of this notice in 
the Federal Register. In order to help ensure appropriate 
consideration, comments should mention OMB Control Number 1210-0065. 
The OMB 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 submission of responses.
    Agency: DOL-EBSA.
    Title of Collection: Securities Lending by Employee Benefit Plans.
    OMB Control Number: 1210-0065.
    Affected Public: Private Sector--businesses or other for profits 
and not-for-profit institutions.
    Total Estimated Number of Respondents: 85.
    Total Estimated Number of Responses: 850.
    Total Estimated Annual Burden Hours: 163.
    Total Estimated Annual Other Costs Burden: $4,943.

    Dated: February 7, 2013.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2013-03318 Filed 2-12-13; 8:45 am]