Federal Register / Vol. 86, No. 19 / Monday, February 1, 2021 / Notices 7783 

FinCEN invites comments on any 

aspect of the traditional annual PRA 

burden, as set out in Part 2 of this 

notice. In particular, FinCEN seeks 

comments on the adequacy of: (i) 

FinCEN’s assumptions underlying its 

estimate of the burden; (ii) the estimated 

number of hours required by each 

portion of the burden; and (iii) the 

organizational levels of the financial 

institution engaged in each portion of 

the burden, their estimated hourly 

remuneration, and the estimated 

proportion of participation by each role. 

FinCEN encourages commenters to 

include any publicly available sources 

for alternative estimates or 

methodologies. 

(b) Specific request for comments on 

the proposed criteria for determining 

the scope of a future annual PRA hourly 

burden and cost estimate. 

FinCEN invites comments on any 

aspect of the criteria for a future 

estimate of the annual PRA burden, as 

set out in Part 3 of this notice. 

(c) Specific request for comments on 

the appropriate criteria, methodology, 

and questionnaire required to obtain 

information to more precisely estimate 

the future annual PRA hourly burden 

and cost. 

FinCEN invites comments on the most 

appropriate and comprehensive means 

to question financial institutions about 

the annual hourly burden and cost 

attributable solely to the regulations 

covered by this notice (i.e., the hourly 

burden and cost of complying with the 

recordkeeping requirements imposed 

exclusively by the BSA, which are not 

used to satisfy contractual obligations, 

other regulatory requirements, or 

business purposes of the financial 

institution). The future annual PRA 

hourly burden and cost estimate must 

take into consideration only the 

information collected and recorded that 

is used exclusively to comply with 

requirements under 31 CFR 1022.410 

and 31 CFR 1023.410. 

FinCEN seeks comments from the 

public regarding any questions we 

should consider posing in future 

notices, in addition to the specific 

questions for comment outlined directly 

below. Also, due to the difficulty 

involved in estimating the number of 

transaction accounts, lines of credit, and 

transactions that trigger recordkeeping 

requirements, as described in this 

notice, FinCEN welcomes any 

suggestions as to how to derive these 

estimates by using publicly available 

financial information. 

(d) Specific questions for comment 

associated with making and retaining 

records required by the regulations 

described in this notice: 

(1) Complying With 31 CFR 1022.410(a) 

• On average, how many transaction 

accounts or lines of credit does your 

dealer in foreign exchange open/extend 

annually, which trigger the 

recordkeeping requirement in 31 CFR 

1022.410(a)? 

• On average, how long does it take 

your dealer in foreign exchange to 

collect and retain the records required 

to be maintained when you open a 

transaction account or extend a line of 

credit? 

(2) Complying With 31 CFR 1022.410(b) 

• On average, how often does your 

dealer in foreign exchange conduct each 

of the transactions described in 31 CFR 

1022.410(b), as explained in further 

detail in Section I—Statutory and 

Regulatory Provisions? 

• On average, how long does it take 

your dealer in foreign exchange to 

collect and retain the records required 

to be maintained when you conduct one 

of the transactions described in 31 CFR 

1022.410(b)? 

(3) Complying With 31 CFR 1023.410(b) 

• On average, how often does your 

broker or dealer in securities conduct 

each of the transactions described in 31 

CFR 1023.410(b), as explained in further 

detail in Section I—Statutory and 

Regulatory Provisions? 

• On average, how long does it take 

your broker or dealer in securities to 

collect and retain the records required 

to be maintained when you conduct one 

of the transactions described in 31 CFR 

1023.410(b)? 

(e) General request for comments. 

Comments submitted in response to 

this notice will be summarized and/or 

included in the request for OMB 

approval. All comments will become a 

matter of public record. Comments are 

invited on: (i) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(ii) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (iii) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (iv) 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; and (v) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Kenneth A. Blanco, 

Director, Financial Crimes Enforcement 

Network. 

[FR Doc. 2021–02064 Filed 1–29–21; 8:45 am] 

BILLING CODE 4810–02–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Open Meeting of the Taxpayer 

Advocacy Panel’s Special Projects 

Committee; Change 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of meeting; change. 

SUMMARY: In the Federal Register notice 

that was originally published on January 

22, 2021, (Volume 86, Number 13, Page 

6740) the time for this meeting has 

changed from 1:30 p.m. Eastern Time to 

11:00 a.m. Eastern Time. All other 

meeting details remain the unchanged. 

DATES: The meeting will be held 

Wednesday, February 10, 2021. 

FOR FURTHER INFORMATION CONTACT: 

Antoinette Ross at 1–888–912–1227 or 

202–317–4110. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given pursuant to Section 

10(a)(2) of the Federal Advisory 

Committee Act, 5 U.S.C. App. (1988) 

that an open meeting of the Taxpayer 

Advocacy Panel’s Special Projects 

Committee will be held Wednesday, 

February 10, 2021, at 11:00 a.m. Eastern 

Time. The public is invited to make oral 

comments or submit written statements 

for consideration. Due to limited time 

and structure of meeting, notification of 

intent to participate must be made with 

Antoinette Ross. For more information 

please contact Antoinette Ross at 1– 

888–912–1227 or 202–317–4110, or 

write TAP Office, 1111 Constitution 

Ave. NW, Room 1509, Washington, DC 

20224 or contact us at the website: 

http://www.improveirs.org. The agenda 

will include various IRS issues. 

Dated: January 26, 2021. 

Kevin Brown, 

Acting Director, Taxpayer Advocacy Panel. 

[FR Doc. 2021–02007 Filed 1–29–21; 8:45 am] 

BILLING CODE 4830–01–P