Federal Register - December 8, 2021
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Source: Federal Register
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Federal Register / Vol. 86, No. 233 / Wednesday, December 8, 2021 / Notices
Comments must be submitted on or before February 7, 2022.
ADDRESSES: You may submit comments, identified by Form MSD4 or Form MSD5, by any of the following methods:
Agency website: https
www.federalreserve.gov/. Follow the instructions for submitting comments at https www.federalreserve.gov/apps/
foia/proposedregs.aspx.
Email: regs.comments@
federalreserve.gov. Include the OMB
number or FR number in the subject line of the message.
Fax: 202 4523819 or 202 452
3102.
Mail: Ann E. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551.
All public comments are available from the Boards website at https
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless modified for technical reasons or to remove personally identifiable information at the commenters request.
Accordingly, comments will not be edited to remove any confidential business information, identifying information, or contact information.
Public comments may also be viewed electronically or in paper in Room 146, 1709 New York Avenue NW, Washington, DC 20006, between 9:00
a.m. and 5:00 p.m. on weekdays. For security reasons, the Board requires that visitors make an appointment to inspect comments. You may do so by calling 202 4523684. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments.
Additionally, commenters may send a copy of their comments to the Office of Management and Budget OMB Desk Officer for the Federal Reserve Board, Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW, Washington, DC 20503, or by fax to 202 3956974.
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance OfficerNuha ElmaghrabiOffice of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551, 202
4523829.
SUPPLEMENTARY INFORMATION: The Board invites comment on a proposal to extend for three years, without revision, the Uniform Application for Municipal
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Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer and the Uniform Termination Notice for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer.1
On June 15, 1984, OMB delegated to the Board authority under the Paperwork Reduction Act PRA to approve and assign OMB control numbers to collections of information conducted or sponsored by the Board. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies.
During the comment period for this proposal, a copy of the proposed PRA
OMB submission, including the draft reporting form and instructions, supporting statement, and other documentation, will be made available on the Boards public website at https
www.federalreserve.gov/apps/
reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears above.
Final versions of these documents will be made available at https
www.reginfo.gov/public/do/PRAMain, if approved.
Request for Comment on Information Collection Proposal The Board invites public comment on the following information collections, which are being reviewed under authority delegated by the OMB under the PRA. Comments are invited on the following:
a. Whether the proposed collections of information is necessary for the proper performance of the Boards functions, including whether the information has practical utility;
b. The accuracy of the Boards estimate of the burden of the proposed information collections, including the validity of the methodology and assumptions used;
1 As part of this clearance, the Board will clear the Form MSD4 and Form MSD5 under the Form MSD4 OMB control number 71000100, and then discontinue the Form MSD5s separate OMB
control number 71000101. This non-substantive change is aimed at simplifying the tracking and clearance process for the two related forms. This change would not modify the reporting or recordkeeping requirements of the forms in any way. The collection will then be titled The Uniform Application and the Uniform Termination Notice for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer Form MSD4 and Form MSD5; 71000100.
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c. Ways to enhance the quality, utility, and clarity of the information to be collected;
d. Ways to minimize the burden of information collections on respondents, including through the use of automated collection techniques or other forms of information technology; and e. Estimates of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information.
At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the Board should modify the proposal.
Proposal Under OMB Delegated Authority To Extend for Three Years, Without Revision, the Following Information Collections Report title: Uniform Application for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer.
Agency form number: Form MSD4.
OMB control number: 71000100.
Frequency: Event generated.
Respondents: Each municipal securities dealer MSD that is a state member bank SMB, bank holding company BHC, or a savings and loan holding company SLHC, certain subsidiaries of such firms, or a foreign dealer bank.2
Estimated number of respondents:
Reporting, 13; Recordkeeping, 13.
Estimated average hours per response:
Reporting, 0.92; Recordkeeping, 0.08.
Estimated annual burden hours:
Reporting, 11.96; Recordkeeping, 1.04.
General description of report: The Municipal Securities Rulemaking Board MSRB rule G7, Information Concerning Associated Persons, requires persons who are or seek to be an associated person of an MSD, either as a municipal securities principal a person performing supervisory functions or representative a person engaged in underwriting, trading, or sales of municipal securities or furnishing financial advice to issuers in connection with the issuance of municipal securities or in any other manner set forth under the rule, to provide certain background information to the MSD. The rule also requires MSDs to obtain and report this information. MSDs for which the Board is the appropriate regulatory agency ARA must report to the Board information required by MSRB rule G
7 using Form MSD4. Generally, the information required by Form MSD4
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