Document ID: SEC-2017-0657-0001
Agency: sec
Document Type: Proposed Rule
Title: Industry Guide 3: Statistical Disclosure by Bank Holding Companies
Posted Date: 2017-04-24T04:00Z

[Federal Register Volume 82, Number 77 (Monday, April 24, 2017)]
[Proposed Rules]
[Page 18877]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-08160]

[[Page 18877]]

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SECURITIES AND EXCHANGE COMMISSION

17 CFR Parts 210, 211, 229, 231 and 241

[Release No. 33-10349; 34-80479; File No. S7-02-17]
RIN 3235-AL79

Request for Comment on Possible Changes to Industry Guide 3 
(Statistical Disclosure by Bank Holding Companies); Extension of 
Comment Period

AGENCY: Securities and Exchange Commission.

ACTION: Extension of comment period.

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SUMMARY: The Securities and Exchange Commission is extending the 
comment period for its request for comment seeking public input as to 
the disclosures called for by Industry Guide 3, Statistical Disclosure 
by Bank Holding Companies. The original comment period is scheduled to 
end on May 8, 2017. The Commission is extending the time period in 
which to provide the Commission with comments until July 7, 2017. This 
action will allow interested persons additional time to analyze the 
issues and prepare their comments.

DATES: Comments should be received on or before July 7, 2017.

ADDRESSES: Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/other.shtml);
     Send an email to rule-comments@sec.gov. Please include 
File Number S7-02-17 on the subject line; or
     Use the Federal eRulemaking Portal (http://www.regulations.gov). Follow the instructions for submitting comments.

Paper Comments

     Send paper comments to Brent J. Fields, Secretary, 
Securities and Exchange Commission, 100 F Street NE., Washington, DC 
20549-1090.

All submissions should refer to File Number S7-02-17. This file number 
should be included on the subject line if email is used. To help us 
process and review your comments more efficiently, please use only one 
method of submission. The Commission will post all comments on the 
Commission's Web site (http://www.sec.gov/rules/other.shtml). Comments 
also are available for Web site viewing and printing in the 
Commission's Public Reference Room, 100 F Street NE., Washington, DC 
20549, on official business days between the hours of 10:00 a.m. and 
3:00 p.m. All comments received will be posted without change; the 
Commission does not edit personal identifying information from 
submissions. You should submit only information that you wish to make 
available publicly.

FOR FURTHER INFORMATION CONTACT: Lindsay McCord, Associate Chief 
Accountant in the Office of Chief Accountant, Division of Corporation 
Finance, at (202) 551-3400, U.S. Securities and Exchange Commission, 
100 F Street NE., Washington, DC 20549.

SUPPLEMENTARY INFORMATION: The Commission has published a request for 
comment to seek public input as to the disclosures called for by 
Industry Guide 3, Statistical Disclosure by Bank Holding Companies. 
Specifically, we sought comment on new or revised disclosure or the 
elimination of what may be duplicative or overlapping disclosures in 
Guide 3. We also sought input on whether any of the Guide 3 
disclosures, which are not Commission rules or requirements, should be 
codified as Commission rules. Because we are considering modernization 
of the scope and applicability of Guide 3, we also encouraged 
commenters to consider registrants other than bank holding companies 
when recommending improvements to the disclosure regime. The request 
for comment is part of the staff's broad-based review of the 
Commission's disclosure requirement, including its consideration of how 
the disclosure system could be improved for the benefit of both 
investors and registrants.
    The Commission originally requested that comments on the request 
for comment be received by May 8, 2017. The Commission has received 
requests for an extension of time for public comment to, among other 
things, allow for adequate time to fully consider our request and to 
improve the quality of responses.\1\ In particular, we note that those 
requesting the extension have indicated that several industry 
participants are in the process of preparing for capital plan and 
annual and quarterly report deadlines and are therefore unable to 
perform the level of analysis and review of the request for comment to 
provide thoughtful responses to the detailed questions posed in the 
request before the comment period closes on May 8, 2017. The Commission 
believes that providing the public additional time to consider 
thoroughly the matters addressed by the request for comment and to 
submit comprehensive responses to the request for comment would benefit 
the Commission in its consideration of possible revisions to its 
disclosure regime for bank holding companies. Therefore, the Commission 
is extending the comment period for Release No. 33-10321; 34-80131; 
File No. S7-02-17 ``Request for Comment on Possible Changes to Industry 
Guide 3 (Statistical Disclosure By Bank Holding Companies)'' until July 
7, 2017.
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    \1\ See Letter from American Bankers Association (Mar. 24, 
2017); and a joint Letter from The Clearing House Association, LLC, 
Securities Industry and Financial Markets Association and Financial 
Services Roundtable (Mar. 24, 2017). Comments are available on the 
Commission's Web site at https://www.sec.gov/comments/s7-02-17/s70217.htm.

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    By the Commission.

    Dated: April 18, 2017.
Brent J. Fields,
Secretary.
[FR Doc. 2017-08160 Filed 4-21-17; 8:45 am]
BILLING CODE 8011-01-P