With the revision of the wreckfish ITQ program through the final rule implementing Amendment 20A to the Fishery Management Plan for the Snapper-Grouper Fishery of the South Atlantic Region, per RIN 0648-AY74, effective October 26, 2012, NMFS implemented a cap on the number of wreckfish quota shares a single entity may own. The share cap is 49 percent. This would prevent any one entity from holding the majority of wreckfish quota shares. NMFS would determine a corporation's total ITQ share by adding the corporation's ITQ shares to any other ITQ shares the corporation owns in another corporation. If an individual ITQ shareholder is also a shareholder in a corporation that holds ITQ shares, the applicable ITQ shares held by the individual is added to the applicable IFQ shares equivalent to the corporate share the individual holds in a corporation. A corporation must provide the Regional Administrator (RA) the identity of the shareholders of the corporation and their percent shares in the corporation, and provide updated information to the RA within 30 days of when changes occur.
This change request would make two changes to the wreckfish share certificate. The additions include: 1) collecting the officer and shareholder information associated with a business and
2) having the certificate notarized when shares are being transferred. Requesting signature of two witnesses has been removed and a section for the notary to complete is added.
PL:
Pub.L. 94 - 265 303A
Name of Law: Magnuson-Stevens Fishery Conservation and Management Act
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.