3130 Federal Register / Vol. 87, No. 13 / Thursday, January 20, 2022 / Notices 

or archived webcast by accessing a link 

under ‘‘Webcast of Events’’ on the NTSB 

home page at www.ntsb.gov. 

There may be changes to this event 

due to the evolving situation concerning 

the novel coronavirus (COVID–19). 

Schedule updates, including weatherrelated cancellations, are also available 

at www.ntsb.gov. 

The National Transportation Safety 

Board is holding this meeting under the 

Government in the Sunshine Act, 5 

U.S.C. 552(b). 

Dated: Friday, January 14, 2022. 

Candi R. Bing, 

Federal Register Liaison Officer. 

[FR Doc. 2022–01138 Filed 1–18–22; 11:15 am] 

BILLING CODE 7533–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–218, OMB Control No. 

3235–0242] 

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: 

Rule 206(4)–3 

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 a 

request for approval of extension of the 

previously approved collection of 

information discussed below. 

Rule 206(4)–3 (17 CFR 275.206(4)–3) 

under the Investment Advisers Act of 

1940, which is entitled ‘‘Cash Payments 

for Client Solicitations,’’ provides 

restrictions on cash payments for client 

solicitations. The rule requires that an 

adviser pay all solicitors’ fees pursuant 

to a written agreement. When an adviser 

will provide only impersonal advisory 

services to the prospective client, the 

rule imposes no disclosure 

requirements. When the solicitor is 

affiliated with the adviser and the 

adviser will provide individualized 

advisory services to the prospective 

client, the solicitor must, at the time of 

the solicitation or referral, indicate to 

the prospective client that he is 

affiliated with the adviser. When the 

solicitor is not affiliated with the 

adviser and the adviser will provide 

individualized advisory services to the 

prospective client, the solicitor must, at 

the time of the solicitation or referral, 

provide the prospective client with a 

copy of the adviser’s brochure and a 

disclosure document containing 

information specified in rule 206(4)–3. 

Amendments to rule 206(4)–3, adopted 

in 2010 in connection with rule 206(4)– 

5, specify that solicitation activities 

involving a government entity, as 

defined in rule 206(4)–5, are subject to 

the additional limitations of rule 

206(4)–5. In December 2020, the 

Commission adopted a single marketing 

rule which merged certain existing 

provisions of rule 206(4)–3 into 

amendments to rule 206(4)–1. In light of 

these 2020 amendments, the 

Commission has rescinded rule 206(4)– 

3, effective November 2, 2022. 

Notwithstanding the rescission of rule 

206(4)–3, the Office of Management and 

Budget (the ‘‘OMB’’) has requested that 

the Commission submit documents in 

connection with the extension of rule 

206(4)–3 for the period covering 

February 28, 2022 to November 2, 2022, 

the effective date of the discontinuance 

of rule 206(4)–3. 

To the extent that the OMB has 

requested this collection of information, 

the information rule 206(4)–3 requires is 

necessary to inform advisory clients 

about the nature of the solicitor’s 

financial interest in the 

recommendation so the prospective 

clients may consider the solicitor’s 

potential bias, and to protect clients 

against solicitation activities being 

carried out in a manner inconsistent 

with the adviser’s fiduciary duty to 

clients. Rule 206(4)–3 is applicable to 

all Commission registered investment 

advisers. The Commission believes that 

approximately 3,829 of these advisers 

have cash referral fee arrangements. The 

rule requires approximately 7.04 burden 

hours per year per adviser and results in 

a total of approximately 26,956 total 

burden hours (7.04 × 3,829) for all 

advisers. 

The disclosure requirements of rule 

206(4)–3 do not require recordkeeping 

or record retention. The collections of 

information requirements under the 

rules are mandatory. Information subject 

to the disclosure requirements of rule 

206(4)–3 is not submitted to the 

Commission. The disclosures pursuant 

to the rule are not kept confidential. 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 OMB 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) 

David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John R. 

Pezzullo, 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. Written comments 

and recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

Dated: January 14, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–01051 Filed 1–19–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–641, OMB Control No. 

3235–0685] 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: US Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Extension: 

Rules 3a68–2 and 3a68–4(c) 

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 (‘‘SEC’’) has 

submitted to the Office of Management 

and Budget (‘‘OMB’’) a request for 

approval of extension of the previously 

approved collection of information 

provided for the following rules: Rules 

3a68–2 and 3a68–4(c) under the 

Securities Exchange Act of 1934 (15 

U.S.C. 78a et seq.). 

Rule 3a68–2 creates a process for 

interested persons to request a joint 

interpretation by the SEC and the 

Commodity Futures Trading 

Commission (‘‘CFTC’’) (together with 

the SEC, the ‘‘Commissions’’) regarding 

whether a particular instrument (or 

class of instruments) is a swap, a 

security-based swap, or both (i.e., a 

mixed swap). Under Rule 3a68–2, a 

person provides to the Commissions a 

copy of all material information 


lotter on DSK11XQN23PROD with NOTICES1