[Federal Register Volume 79, Number 95 (Friday, May 16, 2014)]
[Notices]
[Pages 28560-28561]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-11298]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Form TCR--Implementing the Whistleblower Provisions of Section 
21F of the Securities Exchange Act of 1934; SEC File No. 270-625, 
OMB Control No. 3235-0686.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and 
Exchange Commission (``Commission'') is soliciting comments on the 
collection of information summarized below. The Commission plans to 
submit an extension for this current collection of information to the 
Office of Management and Budget for approval.
    In Release No. 34-64545,\1\ the Commission adopted rules 
(``Rules'') and forms to implement Section 21F of the Securities 
Exchange Act of 1934 entitled ``Securities Whistleblower Incentives and 
Protection,'' which was created by Section 922 of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act (``Dodd-Frank Act'').\2\ The 
Rules describe the whistleblower program that the Commission has 
established pursuant to the Dodd-Frank Act which requires the 
Commission to pay an award, subject to certain limitations and 
conditions, to whistleblowers who voluntarily provide the Commission 
with original information about a violation of the federal securities 
laws that leads to the successful enforcement of a covered judicial or 
administrative action, or of a related action. The Rules define certain 
terms critical to the operation of the whistleblower program, outline 
the procedures for applying for awards and the Commission's procedures 
for making decisions on claims, and generally explain the scope of the 
whistleblower program to the public and to potential whistleblowers.
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    \1\ Implementation of the Whistleblower Provisions of Section 
21F of the Securities Exchange Act of 1934, Release No. 34-64545; 
File No. S7-33-10 (adopted May 25, 2011).
    \2\ Public Law 111-203, Sec.  922(a), 124 Stat 1841 (2010).
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    Form TCR is a form submitted by whistleblowers who wish to provide 
information to the Commission and its staff regarding potential 
violations of the securities laws. Form TCR is required

[[Page 28561]]

for submission of information under the Rules. The Commission estimates 
that it takes a whistleblower, on average, one and one-half hours to 
complete Form TCR. Based on the receipt of 3,120 annual responses on 
average for the past two fiscal years,\3\ the Commission estimates that 
the annual PRA burden of Form TCR is 4,680 hours.
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    \3\ Fiscal Year 2012 marks the first full year of whistleblower 
program data since the enactment of the Rules.
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    Form WB-APP is a form that is submitted by whistleblowers filing a 
claim for a whistleblower award. Form WB-APP is required for 
application for an award under the Rules. The Commission estimates that 
it takes a whistleblower, on average, two hours to complete Form WB-
APP. The completion time depends largely on the complexity of the 
alleged violation and the amount of information the whistleblower 
possesses in support of his or her application for an award. Based on 
the receipt of 53 annual responses on average for the past two fiscal 
years, the Commission estimates that the annual PRA burden of Form WB-
APP is 106 hours.

Estimated annual reporting burden = 4,786 hours

    Written comments are invited on: (a) Whether this 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 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 in writing within 60 
days of this publication. Please direct your written comments to Thomas 
Bayer, Director/Chief Information Officer, Securities and Exchange 
Commission, c/o Remi Pavlik-Simon, 100 F St. NE., Washington, DC 20549; 
or send an email to: [email protected].

    Dated: May 12, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-11298 Filed 5-15-14; 8:45 am]
BILLING CODE 8011-01-P