46526 Federal Register / Vol. 83, No. 178 / Thursday, September 13, 2018 / Notices 

1See Docket No. RM2018–3, Order Adopting 

Final Rules Relating to Non-Public Information, 

June 27, 2018, Attachment A at 19–22 (Order No. 

4679). 

1The Securities Act requires the delivery of 

prospectuses to investors who buy securities from 

an issuer or from underwriters or dealers who 

participate in a registered distribution of securities. 

See Securities Act sections 2(a)(10), 4(1), 4(3), 5(b) 

[15 U.S.C. 77b(a)(10), 77d(1), 77d(3), 77e(b); see 

also rule 174 under the Securities Act (17 CFR 

230.174) (regarding the prospectus delivery 

obligation of dealers); rule 15c2–8 under the 

Securities Exchange Act of 1934 (17 CFR 240.15c2– 

8) (prospectus delivery obligations of brokers and 

dealers). 

2Rule 154 permits the householding of 

prospectuses that are delivered electronically to 

investors only if delivery is made to a shared 

electronic address and the investors give written 

consent to householding. Implied consent is not 

permitted in such a situation. See rule 154(b)(4). 

Table of Contents 

I. Introduction 

II. Docketed Proceeding(s) 

I. Introduction 

The Commission gives notice that the 

Postal Service filed request(s) for the 

Commission to consider matters related 

to negotiated service agreement(s). The 

request(s) may propose the addition or 

removal of a negotiated service 

agreement from the market dominant or 

the competitive product list, or the 

modification of an existing product 

currently appearing on the market 

dominant or the competitive product 

list. 

Section II identifies the docket 

number(s) associated with each Postal 

Service request, the title of each Postal 

Service request, the request’s acceptance 

date, and the authority cited by the 

Postal Service for each request. For each 

request, the Commission appoints an 

officer of the Commission to represent 

the interests of the general public in the 

proceeding, pursuant to 39 U.S.C. 505 

(Public Representative). Section II also 

establishes comment deadline(s) 

pertaining to each request. 

The public portions of the Postal 

Service’s request(s) can be accessed via 

the Commission’s website (http://

www.prc.gov). Non-public portions of 

the Postal Service’s request(s), if any, 

can be accessed through compliance 

with the requirements of 39 CFR 

3007.301.1

The Commission invites comments on 

whether the Postal Service’s request(s) 

in the captioned docket(s) are consistent 

with the policies of title 39. For 

request(s) that the Postal Service states 

concern market dominant product(s), 

applicable statutory and regulatory 

requirements include 39 U.S.C. 3622, 39 

U.S.C. 3642, 39 CFR part 3010, and 39 

CFR part 3020, subpart B. For request(s) 

that the Postal Service states concern 

competitive product(s), applicable 

statutory and regulatory requirements 

include 39 U.S.C. 3632, 39 U.S.C. 3633, 

39 U.S.C. 3642, 39 CFR part 3015, and 

39 CFR part 3020, subpart B. Comment 

deadline(s) for each request appear in 

section II. 

II. Docketed Proceeding(s) 

1. Docket No(s).: CP2018–301; Filing 

Title: Notice of United States Postal 

Service of Filing a Functionally 

Equivalent Global Expedited Package 

Services 10 Negotiated Service 

Agreement and Application for NonPublic Treatment of Materials Filed 

Under Seal; Filing Acceptance Date: 

September 7, 2018; Filing Authority: 39 

U.S.C. 3642, 39 CFR 3020.30 et seq., and 

39 CFR 3015.5; Public Representative: 

Christopher C. Mohr; Comments Due: 

September 17, 2018. 

This Notice will be published in the 

Federal Register. 

Stacy L. Ruble, 

Secretary. 

[FR Doc. 2018–19924 Filed 9–12–18; 8:45 am] 

BILLING CODE 7710–FW–P 

POSTAL SERVICE 

Temporary Emergency Committee of 

the Board of Governors; Sunshine Act 

Meeting 

FEDERAL REGISTER CITATION OF PREVIOUS

ANNOUNCEMENT: 39 FR 45149. 

PREVIOUSLY ANNOUNCED TIME AND DATE OF

THE MEETING: Thursday, September 13, 

2018, at 1:00 p.m. 

CHANGES IN THE MEETING: A portion of 

this meeting will be held as an open 

session at 8:00 a.m. on Thursday, 

September 13, 2018. Agenda items 

include: 

1. Administrative Items 

The closed session will be held 

promptly afterwards. 

CONTACT PERSON FOR MORE INFORMATION: 

Michael J. Elston, Acting Secretary of 

the Board, U.S. Postal Service, 475 

L’Enfant Plaza, SW, Washington, DC 

20260–1000. Telephone: (202) 268– 

4800. 

Michael J. Elston, 

Acting Secretary. 

[FR Doc. 2018–20066 Filed 9–11–18; 4:15 pm] 

BILLING CODE 7710–12–P 

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: 

Rule 154; SEC File No. 270–438; OMB 

Control No. 3235–0495. 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501–3520), the Securities 

and Exchange Commission 

(‘‘Commission’’) is soliciting comments 

on the collection of information 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

The federal securities laws generally 

prohibit an issuer, underwriter, or 

dealer from delivering a security for sale 

unless a prospectus meeting certain 

requirements accompanies or precedes 

the security. Rule 154 (17 CFR 230.154) 

under the Securities Act of 1933 (15 

U.S.C. 77a) (the ‘‘Securities Act’’) 

permits, under certain circumstances, 

delivery of a single prospectus to 

investors who purchase securities from 

the same issuer and share the same 

address (‘‘householding’’) to satisfy the 

applicable prospectus delivery 

requirements.1 The purpose of rule 154 

is to reduce the amount of duplicative 

prospectuses delivered to investors 

sharing the same address. 

Under rule 154, a prospectus is 

considered delivered to all investors at 

a shared address, for purposes of the 

federal securities laws, if the person 

relying on the rule delivers the 

prospectus to the shared address, 

addresses the prospectus to the 

investors as a group or to each of the 

investors individually, and the investors 

consent to the delivery of a single 

prospectus. The rule applies to 

prospectuses and prospectus 

supplements. Currently, the rule 

permits householding of all 

prospectuses by an issuer, underwriter, 

or dealer relying on the rule if, in 

addition to the other conditions set forth 

in the rule, the issuer, underwriter, or 

dealer has obtained from each investor 

written or implied consent to 

householding.2 The rule requires 

issuers, underwriters, or dealers that 

wish to household prospectuses with 

implied consent to send a notice to each 

investor stating that the investors in the 

household will receive one prospectus 

in the future unless the investors 

provide contrary instructions. In 

addition, at least once a year, issuers, 

underwriters, or dealers relying on rule 


daltland on DSKBBV9HB2PROD with NOTICES
Federal Register / Vol. 83, No. 178 / Thursday, September 13, 2018 / Notices 46527 

3See Rule 154(c). 

4The Commission estimates that 200 mutual 

funds prepare both the implied consent notice and 

the annual explanation of the right to revoke 

consent + 100 mutual funds that prepare only the 

annual explanation of the right to revoke. 

154 for the householding of 

prospectuses relating to open-end 

management investment companies that 

are registered under the Investment 

Company Act of 1940 (‘‘mutual funds’’) 

must explain to investors who have 

provided written or implied consent 

how they can revoke their consent.3

Preparing and sending the notice and 

the annual explanation of the right to 

revoke are collections of information. 

The rule allows issuers, underwriters, 

or dealers to household prospectuses if 

certain conditions are met. Among the 

conditions with which a person relying 

on the rule must comply are providing 

notice to each investor that only one 

prospectus will be sent to the household 

and, in the case of issuers that are 

mutual funds, providing to each 

investor who consents to householding 

an annual explanation of the right to 

revoke consent to the delivery of a 

single prospectus to multiple investors 

sharing an address. The purpose of the 

notice and annual explanation 

requirements of the rule is to ensure that 

investors who wish to receive 

individual copies of prospectuses are 

able to do so. 

Although rule 154 is not limited to 

mutual funds, the Commission believes 

that it is used mainly by mutual funds 

and by broker-dealers that deliver 

prospectuses for mutual funds. The 

Commission is unable to estimate the 

number of issuers other than mutual 

funds that rely on the rule. 

The Commission estimates that, as of 

August 2018, there are approximately 

1,590 mutual funds, approximately 400 

of which engage in direct marketing and 

therefore deliver their own 

prospectuses. Of the approximately 400 

mutual funds that engage in direct 

marketing, the Commission estimates 

that approximately half of these mutual 

funds (200) (i) do not send the implied 

consent notice requirement because 

they obtain affirmative written consent 

to household prospectuses in the fund’s 

account opening documentation; or (ii) 

do not take advantage of the 

householding provision because of 

electronic delivery options which lessen 

the economic and operational benefits 

of rule 154 when compared with the 

costs of compliance. 

The Commission estimates that there 

are approximately 175 broker-dealers 

that carry customer accounts for the 

remaining mutual funds and therefore 

may be required to deliver mutual fund 

prospectuses. The Commission 

estimates that each affected brokerdealer will spend, on average, 20 hours 

complying with the notice requirement 

of the rule, for a total of 3,500 hours. 

Therefore, the total number of 

respondents for rule 154 is 475 (300 4

mutual funds plus 175 broker-dealers), 

and the estimated total hour burden is 

approximately 7,975 hours (4,300 hours 

for mutual funds plus 3,675 hours for 

broker-dealers). 

The estimate of average burden hours 

is made solely for the purposes of the 

Paperwork Reduction Act, and is not 

derived from a comprehensive or even 

a representative survey or study of the 

costs of Commission rules and forms. 

Written comments are invited on: (a) 

Whether the collections of information 

are necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information has practical utility; (b) the 

accuracy of the Commission’s estimate 

of the burden of the collections of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burden of the collections 

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 Candace 

Kenner, 100 F Street NE, Washington, 

DC 20549; or send an email to: PRA_

Mailbox@sec.gov. 

Dated: September 7, 2018. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–19881 Filed 9–12–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–335, OMB Control No. 

3235–0381] 

Submission for OMB Review; 

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: 

Form 40–F 

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’’) has submitted to the 

Office of Management and Budget this 

request for extension of the previously 

approved collection of information 

discussed below. 

Form 40–F (17 CFR 249.240f) is used 

by certain Canadian issuers to register a 

class of securities pursuant to Section 

12(b) or (g) of the Securities Exchange 

Act of 1934 (‘‘Exchange Act’’) (15 U.S.C. 

78l) or as an annual report pursuant to 

Section 13(a) or 15(d) of the Exchange 

Act (15 U.S.C. 78m(a) or 78o(d)). The 

information required in the Form 40–F 

is used by investors in making 

investment decisions with respect to the 

securities of such Canadian companies. 

We estimate that Form 40–F takes 

approximately 429.93 hours per 

response and is filed by approximately 

132 respondents. We estimate that 25% 

of the 429.93 hours per response (107.48 

hours) is prepared by the issuer for a 

total reporting burden of 14,187 (107.48 

hours per response × 132 responses). 

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 

control number. 

The public may view the background 

documentation for this information 

collection at the following website, 

www.reginfo.gov. Comments should be 

directed to: (i) Desk Officer for the 

Securities and Exchange Commission, 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Room 10102, New Executive 

Office Building, Washington, DC 20503, 

or by sending an email to: 

Lindsay.M.Abate@omb.eop.gov; and (ii) 

Pamela Dyson, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Candace 

Kenner, 100 F Street, NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. Comments must be 

submitted to OMB within 30 days of 

this notice. 

Dated: September 7, 2018. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–19879 Filed 9–12–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 


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