Federal Register / Vol. 87, No. 100 / Tuesday, May 24, 2022 / Notices 31587 

1The estimate of $406 per hour is for a 

compliance attorney, based on the Securities 

Industry and Financial Markets Association’s 

Management & Professional Earnings in the 

Securities Industry 2013, modified by Commission 

staff to account for an 1800-hour work-year and 

inflation, and multiplied by 5.35 to account for 

bonuses, firm size, employee benefits and overhead. 

Date and time: June 30, 2022; 1:00 

p.m. to 3:00 p.m. 

Dated: May 19, 2022. 

Daniel Beattie, 

Director, National Endowment for the Arts. 

[FR Doc. 2022–11134 Filed 5–23–22; 8:45 am] 

BILLING CODE 7537–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–93, OMB Control No. 

3235–0087] 

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 15Bc3–1 and Form MDSW— 

Withdrawal from Registration of 

Municipal Securities Dealers 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) is soliciting comments 

on the existing collection of information 

provided for in Rule 15Bc3–1 (17 CFR 

15Bc3–1) and Form MSDW (17 CFR 

249.1110) under the Securities 

Exchange Act of 1934 (15 U.S.C. 78a et 

seq.). The Commission plans to submit 

this existing collection of information to 

the Office of Management and Budget 

(‘‘OMB’’) for extension and approval. 

Rule 15Bc3–1 provides that a notice 

of withdrawal from registration with the 

Commission as a bank municipal 

securities dealer must be filed on Form 

MSDW. The Commission uses the 

information submitted on Form MSDW 

in determining whether it is in the 

public interest to permit a bank 

municipal securities dealer to withdraw 

its registration. This information is also 

important to the municipal securities 

dealer’s customers and to the public, 

because it provides, among other things, 

the name and address of a person to 

contact regarding any of the municipal 

securities dealer’s unfinished business. 

Based upon past submissions of two 

filings in 2019, zero filings in 2020, zero 

filings in 2021, and zero filings so far in 

2022, the Commission estimates that 

approximately one respondent will use 

Form MSDW annually, with a total hour 

burden for all respondents of 

approximately 1 hour per year (0.5 

hours rounded up to 1 hour). This 

estimate is based on the Commission 

staff’s experience in administering the 

form. The form is available from the 

Commission, and can usually be 

completed by checking appropriate 

boxes and writing the name and address 

of the bank municipal securities dealer, 

and the name and address of the person 

who has or will have custody of the 

bank municipal securities dealer’s books 

and records. The staff estimates that the 

average internal compliance cost per 

hour is approximately $406.1 Therefore, 

the estimated total annual internal cost 

of compliance is approximately $203 

per year (0.5 hours/year × $406/hour = 

$203/year). 

Rule 15Bc3–1 does not contain an 

explicit recordkeeping requirement, but 

the instructions for filing Form MSDW 

state that an exact copy should be 

retained by the registrant. Providing the 

information on the application is 

mandatory in order to withdraw from 

registration with the Commission as a 

bank municipal securities dealer. The 

information contained in the notice will 

not be kept confidential. 

Written comments are invited on: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

(b) the accuracy of the Commission’s 

estimates of the burden of the proposed 

collection of information; (c) ways to 

enhance the quality, utility, and clarity 

of the information collected; and (d) 

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. 

Consideration will be given to 

comments and suggestions submitted by 

July 25, 2022. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

Please direct your written comments 

to: David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549, or send an email to: PRA_

Mailbox@sec.gov. 

Dated: May 18, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–11072 Filed 5–23–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–338, OMB Control No. 

3235–0376] 

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: 

Schedule 14D–1F 

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’’) 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. 

Schedule 14D–1F (17 CFR 240.14d– 

102) is a form that may be used by any 

person (the ‘‘bidder’’) making a cash 

tender or exchange offer for securities of 

any issuer (the ‘‘target’’) incorporated or 

organized under the laws of Canada or 

any Canadian province or territory that 

is a foreign private issuer, where less 

than 40% of the outstanding class of the 

target’s securities that is the subject of 

the offer is held by U.S. holders. 

Schedule 14D–1F is designed to 

facilitate cross-border transactions in 

the securities of Canadian issuers. The 

information required to be filed with the 

Commission provides security holders 

with material information regarding the 

bidder as well as the transaction so that 

they may make informed investment 

decisions. Schedule 14D–1F takes 

approximately 2 hours per response to 

prepare and is filed by approximately 2 

respondents annually for a total 

reporting burden of 4 hours (2 hours per 

response × 2 responses). 

Written comments are invited on: (a) 

Whether this proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden imposed by the collection 

of information; (c) ways to enhance the 

quality, utility, and clarity of the 


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