[Federal Register Volume 87, Number 48 (Friday, March 11, 2022)]
[Notices]
[Pages 14068-14069]
[FR Doc No: 2022-05200]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-774, OMB Control No. 3235-0726]

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:
    Rules 300-304 of Regulation Crowdfunding (Intermediaries).

    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 collection of
information provided for Rule 17Ab2-1 (17 CFR 240.17Ab2-1) and Form CA-
1: Registration of Clearing Agencies (17 CFR 249b.200) under the
Securities Exchange Act of 1934 (``Exchange Act'') (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.
    Rules 300-304 of Regulation Crowdfunding enumerate the requirements
with which intermediaries must comply to participate in the offer and
sale of securities in reliance on Section 4(a)(6) of the Securities Act
of 1933 (``Section 4(a)(6)''). Rule 300 requires an intermediary to be
registered with the Commission as a broker or as a funding portal and
be a member of a registered national securities association.\1\
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    \1\ Currently, FINRA is the only registered national securities
association.
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    Rule 301 requires intermediaries to have a reasonable basis for
believing that an issuer seeking to offer and sell securities in
reliance on Section 4(a)(6) through the intermediary's platform
complies with the requirements in Section 4A(b) of the Securities Act
and the related requirements in Regulation Crowdfunding. Rule 302
provides that no intermediary or associated person of an intermediary
may accept an investment commitment in a transaction involving the
offer or sale of securities made in reliance on Section 4(a)(6) until
the investor has opened an account with the intermediary and the
intermediary has obtained from the investor consent to electronic
delivery of materials. Rule 303 requires an intermediary to make
publicly available on its platform the information that an issuer of
crowdfunding securities is required to provide to potential investors,
in a manner that reasonably permits a person accessing the platform to
save, download, or otherwise store the information, for a minimum of 21
days before any securities are sold in the offering, during which time
the intermediary may accept investment commitments. Rule 303 also
requires intermediaries to comply with the requirements related to the
maintenance and transmission of funds. An intermediary that is a
registered broker is required to comply with the requirements of Rule
15c2-4 of the Securities Exchange Act of 1934 (``Exchange Act'')
(Transmission or Maintenance of Payments Received in Connection with
Underwritings).\2\ An intermediary that is a registered funding portal
must direct investors to transmit

the money or other consideration directly to a qualified third party
that has agreed in writing to hold the funds for the benefit of, and to
promptly transmit or return the funds to, the persons entitled thereto
in accordance with Regulation Crowdfunding.
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    \2\ 17 CFR 240.15c2-4.
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    The rules also require intermediaries to implement and maintain
systems to comply with the information disclosure, communication
channels, and investor notification requirements. These requirements
include providing disclosure about compensation at account opening
(Rule 302), obtaining investor acknowledgements to confirm investor
qualifications and review of educational materials (Rule 303),
providing investor questionnaires (Rule 303), providing communication
channels with third parties and among investors (Rule 303), notifying
investors of investment commitments (Rule 303), confirming completed
transactions (Rule 303) and confirming or reconfirming offering
cancellations (Rule 304).
    The Commission staff estimates that there will be 136
intermediaries engaged in crowdfunding activity and therefore subject
to Rules 300-304. The Commission staff estimates the annualized
industry burden will be 38,317 hours to comply with Rules 300-304. The
Commission staff further estimates that the costs associated with
complying with Rules 300-304 will be a total amount of $18,750,000.
    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 to
be 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 by May 10, 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:
[email protected].

    Dated: March 8, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-05200 Filed 3-10-22; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register: October 5, 2006 (Volume 71, Number 193)]
[Proposed Rules]
[Page 58767-58769]
[DOCID:fr05oc06-19]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

18 CFR Parts 35 and 37

[Docket Nos. RM05-25-000 and RM05-17-000]

Preventing Undue Discrimination and Preference in Transmission
Service

September 28, 2006.
AGENCY: Federal Energy Regulatory Commission, DOE.

ACTION: Proposed rule: notice of agenda for technical conference.

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SUMMARY: Commission staff proposes to convene a technical conference to
discuss issues raised in the Notice of Proposed Rulemaking (NOPR)
issued in this proceeding. Preventing Undue Discrimination and
Preference in Transmission Service, 71 FR 32636 (June 6, 2006). This
notice establishes the agenda and procedures for the technical
conference to be held on Thursday, October 12, 2006, from 9 a.m. to 4
p.m. (EDT) at the Federal Energy Regulatory Commission, 888 First
Street, NE., Washington, DC 20426, in the Commission Meeting Room. All
interested persons are invited to attend, and registration is not
required. This will be a staff conference, but Commissioners may
attend.

DATES: Commission staff will hold a technical conference on October 12,
2006.

FOR FURTHER INFORMATION CONTACT: Daniel Hedberg, Office of Energy
Markets and Reliability, Federal Energy Regulatory Commission, 888
First Street, NE., Washington, DC 20426,

(202) 502-6243<EMAIL_ADDRESS>or Kathleen Barr[oacute]n,
Office of the General Counsel--Energy Markets, Federal Energy
Regulatory Commission, 888 First Street, NE., Washington, DC 20426,
(202) 502-6461<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION:

Notice of Agenda and Procedures for Technical Conference

    This notice establishes the agenda and procedures for the technical
conference to be held on Thursday, October 12, 2006, to discuss issues
raised in the Notice of Proposed Rulemaking (NOPR) issued in this
proceeding. Preventing Undue Discrimination and Preference in
Transmission Service, 71 FR 32636 (June 6, 2006), FERC Stats. & Regs. ]
32603 (2006). The technical conference will be held from 9 a.m. to 4
p.m. (EDT) at the Federal Energy Regulatory Commission, 888 First
Street, NE., Washington, DC 20426, in the Commission Meeting Room.\1\
All interested persons are invited to attend, and registration is not
required. This will be a staff conference, but Commissioners may
attend.
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    \1\ The initial notice setting the date of this technical
conference was issued on September 7, 2006. 71 FR 54053 (2006).
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    The agenda for this conference is attached. In order to allot
sufficient time for questions and responses, each speaker will be
provided with five minutes for prepared remarks. Due to the limitation
of time, slides and graphic displays (i.e, PowerPoint [supreg]
presentations) will not be permitted during the conference. Presenters
who want to distribute copies of their prepared remarks or handouts
should bring 100 double-sided copies to the technical conference.
Presenters who wish to include comments, presentations, or handouts in
the record for this proceeding should file their comments with the
Commission. Comments may either be filed on paper or electronically via
the eFiling link on the Commission's Web site at http://www.ferc.gov    A free Webcast of this event is available through http://.

http://www.ferc.gov. Anyone with Internet access who desires to view this

event can do so by navigating to http://www.ferc.gov's Calendar of

Events and locating this event in the Calendar. The event will contain
a link to its Webcast. The Capitol Connection provides technical
support for the free Webcasts. It also offers access to this event via
television in the DC area and via phone bridge for a fee. Visit http://www.CapitolConnection.org
 or contact Danelle Perkowski or David

Reininger at the Capitol Connection at<PHONE_NUMBER> for information
about this service.
    Commission conferences are accessible under section 508 of the
Rehabilitation Act of 1973. For accessibility accommodations please
send an e-mail to<EMAIL_ADDRESS>or call toll free 1-866-208-
3372 (voice) or<PHONE_NUMBER> (TTY), or send a fax to<PHONE_NUMBER> with
the required accommodations.
    For more information about this conference, please contact: Daniel
Hedberg, Office of Energy Markets and Reliability, Federal Energy
Regulatory Commission, 888 First Street, NE., Washington, DC 20426,
(202) 502-6243<EMAIL_ADDRESS>or Kathleen Barr[oacute]n,
Office of the General Counsel--Energy Markets, Federal Energy
Regulatory Commission, 888 First Street, NE., Washington, DC 20426,
(202) 502-6461<EMAIL_ADDRESS>
Magalie R. Salas,
Secretary.

Agenda for OATT Reform Technical Conference, October 12, 2006

9 a.m.-9:15 a.m.--Opening Comments and Introductions.
9:15 a.m.-11:45 a.m.--Issues Relating to Coordinated, Open and
Transparent Transmission Planning.

     Presentations by Panelists:
    Verne Ingersoll, Director of Regional Planning, System Planning &
Operations Department, Progress Energy, Inc.
    Sandra Johnson, Director, Transmission Asset Management, Xcel
Energy, Inc.
    Jay Loock, Director, Technical Services, Western Electricity
Coordinating Council.
    Pete Wybierala, Director, Transmission Planning, NRG Energy, Inc.
On behalf of the Electric Power Supply Association (EPSA).
    James Yancey Kerr, II, Commissioner, North Carolina Utilities
Commission; First Vice President, National Association of Regulatory
Utility Commissioners (NARUC); Member, NARUC Electricity Committee.
    Michael J. Kormos, Senior Vice President, Reliability Services, PJM
Interconnection L.L.C.
    Joel deJesus, Assistant General Counsel, National Grid.
    Terry J. Wolf, Manager of Transmission Services, Missouri River
Energy Services, on behalf of Transmission Access Policy Study Group
(TAPS).
    Will Kaul, Vice President, Transmission, Great River Energy, on
behalf of National Rural Electric Cooperative Association (NRECA).
     Panel discussion topics include related issues raised in
the NOPR, as well as the following:
    1. What is the appropriate geographic scope for an effective
planning region or subregion?
    2. Are there specific criteria that can be developed to define the
scope and frequency of the congestion studies proposed in the NOPR?
    3. Is an independent consultant necessary to facilitate planning?
    4. What are some effective mechanisms for safeguarding
confidentiality while permitting meaningful access to transmission
information?
    5. How should the planning obligation be coordinated with state
processes?
    6. If an open season requirement is added for large new
transmission projects, what conditions or limitations should be
associated with it?
    7. Can the proposed regional planning requirement achieve its goals
if the participants in the regional planning process have not achieved
agreement among themselves on appropriate cost-allocation issues? If
not, what can be done to encourage the development of such cost
allocation agreements among regional planning participants?
    8. What is the appropriate role for demand response in planning?

11:45 a.m.-12:30 p.m.--Lunch.
12:30 p.m.-1:45 p.m.--Discussion of ATC-related Reforms.

     Presentations by Panelists:
    William (Bill) Lohrman, Managing Director, Prague Power, LLC, on
Behalf of North American Electric Reliability Council (NERC).
    Rae McQuade, President, North American Energy Standards Board
(NAESB).
    Steven Naumann, Vice President, Wholesale Market Development,
Exelon Corporation, on behalf of Edison Electric Institute (EEI).
    Michael Smith, Vice President, Regulatory and Legislative Affairs,
Constellation Energy Commodities Group.
    Edward N. (Nick) Henery, Director of Reliability, American Public
Power Association (APPA).
    Jerry Smith, Alliance Partnership Manager, Arizona Public Service.
     Panel discussion topics include related issues raised in
the NOPR, as well as the following:
    1. What are the challenges that NERC/NAESB and the industry face in
the effort to enhance the consistency of certain definitions, data,
modeling assumptions and components of the ATC calculation? Which of
these

elements are most critical to make consistent? Is a focus on
comparability of ATC calculation and transparency more important than
consistency of ATC calculation?
    2. What is a reasonable timeline to achieve the consistency goal?
    3. Are there common standards and modeling assumptions that can be
developed to calculate TRM and CBM?
    4. What are the most critical data to be exchanged among
transmission providers to ensure that all are performing ATC
calculations most accurately? How should that data be exchanged, what
protocols should be used, and what forum should develop the protocols?
    5. What is the most important data to make transparent? Regarding
the Commission's proposal to require a narrative explanation for
changes in monthly or yearly ATC, are there modifications that would
achieve the Commission's transparency goals without imposing an undue
burden on transmission providers? What ATC information posted in
narrative form will be most beneficial?
    6. Regarding the proposal to enhance OASIS postings, what are some
industry tools/best practices that can be utilized to assist with this
effort?

1:45 p.m.-2 p.m.--Break.
2 p.m.-4 p.m.--The Commission's Proposals Regarding Redispatch and
Conditional Firm Service.

     Presentations by Panelists (* Tentative Panelist):
    Don Furman, PPM Energy, on behalf of American Wind Energy
Association (AWEA).
    Patricia Alexander, Consultant/Energy, Dickstein Shapiro LLP, on
Behalf of Electric Power Supply Association (EPSA).
    John Lucas, Transmission Services Director, Southern Company
Services, Inc.
    Lauren Nichols-Kinas, Bonneville Power Administration (BPA).
    Anthony Taylor, Director of Transmission, Williams Power Company,
Inc.
    *Natalie McIntire, Senior Policy Associate, Renewable Northwest
Project.
     Panel discussion topics include related issues raised in
the NOPR, as well as the following:
    1. Are there improvements to the revised redispatch provision in
the pro forma OATT (section 13.5) that are necessary to facilitate
redispatch?
    2. Would customers be willing to pay for the actual costs of
redispatch in addition to the embedded costs of transmission to secure
previously unavailable long-term transmission rights? How can the
Commission best remove discretion in calculating these costs and create
a method for verifying them?
    3. What tools are available to allow redispatch to occur using
resources other than those owned by the transmission provider?
    4. Should curtailments under conditional firm service be specified
based on a number of hours per month, when certain transmission
constraints or elements bind, when certain load levels are present, or
some other factor? How would these different methods be studied and
implemented? Which method is preferable from the perspective of the
potential conditional firm transmission customers, the network
customers and the transmission providers?
    5. What curtailment priority should be assigned to conditional firm
service? Would this require changes to NERC curtailment protocols? How
should changes between firm and non-firm service be handled in real-
time systems? Would changes need to be made to e-tags or OASIS?
    6. Should conditional firm service be offered indefinitely, or only
as a bridge product until transmission upgrades are complete?

[FR Doc. E6-16442 Filed 10-4-06; 8:45 am]

BILLING CODE 6717-01-P