Audit and Financial Management Advisory Committee (AFMAC), 61266 [2015-25821]

Download as PDF tkelley on DSK3SPTVN1PROD with NOTICES 61266 Federal Register / Vol. 80, No. 196 / Friday, October 9, 2015 / Notices 10. Each Regulated Fund will maintain the records required by section 57(f)(3) of the Act as if each of the Regulated Funds were a BDC and each of the investments permitted under these Conditions were approved by the Required Majority under section 57(f) of the Act. 11. No Non-Interested Director of a Regulated Fund will also be a director, general partner, managing member or principal, or otherwise an ‘‘affiliated person’’ (as defined in the Act) of an Affiliated Fund. 12. The expenses, if any, associated with acquiring, holding or disposing of any securities acquired in a CoInvestment Transaction (including, without limitation, the expenses of the distribution of any such securities registered for sale under the Securities Act) will, to the extent not payable by the Advisers under their respective investment advisory agreements with Affiliated Funds and the Regulated Funds, be shared by the Regulated Funds and the Affiliated Funds in proportion to the relative amounts of the securities held or to be acquired or disposed of, as the case may be. 13. Any transaction fee (including break-up or commitment fees but excluding broker’s fees contemplated by section 17(e) or 57(k) of the Act, as applicable), received in connection with a Co-Investment Transaction will be distributed to the participating Regulated Funds and Affiliated Funds on a pro rata basis based on the amounts they invested or committed, as the case may be, in such Co-Investment Transaction. If any transaction fee is to be held by an Adviser pending consummation of the transaction, the fee will be deposited into an account maintained by such Adviser at a bank or banks having the qualifications prescribed in section 26(a)(1) of the Act, and the account will earn a competitive rate of interest that will also be divided pro rata among the participating Regulated Funds and Affiliated Funds based on the amounts they invest in such Co-Investment Transaction. None of the Affiliated Funds, the Advisers, the other Regulated Funds or any affiliated person of the Regulated Funds or Affiliated Funds will receive additional compensation or remuneration of any kind as a result of or in connection with a Co-Investment Transaction (other than (a) in the case of the Regulated Funds and the Affiliated Funds, the pro rata transaction fees described above and fees or other compensation described in Condition 2(c)(iii)(C); and (b) in the case of an Adviser, investment advisory fees paid in accordance with the agreement VerDate Sep<11>2014 17:44 Oct 08, 2015 Jkt 238001 between the Adviser and the Regulated Fund or Affiliated Fund. 14. The JMPG Proprietary Accounts will not be permitted to invest in a Potential Co-Investment Transaction except to the extent the aggregate demand from the Regulated Funds and the other Affiliated Funds is less than the total investment opportunity. 15. Each Adviser will maintain written policies and procedures reasonably designed to ensure compliance with the foregoing Conditions. These policies and procedures will require, among other things, that each Adviser will be notified of all Potential Co-Investment Transactions that fall within the thencurrent Objectives and Strategies of any Regulated Fund it advises and will be given sufficient information to make its independent determination and recommendations under Conditions 1, 2(a), 7 and 8. 16. If the Holders own in the aggregate more than 25% of the outstanding Shares of a Regulated Fund, then the Holders will vote such Shares as directed by an independent third party (such as the trustee of a voting trust or a proxy adviser) when voting on (1) the election of directors; (2) the removal of one or more directors; or (3) any matters requiring approval by the vote of a majority of the outstanding voting securities, as defined in section 2(a)(42) of the Act. For the Commission, by the Division of Investment Management, under delegated authority. Robert W. Errett, Deputy Secretary. [FR Doc. 2015–25760 Filed 10–8–15; 8:45 am] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION Audit and Financial Management Advisory Committee (AFMAC) U.S. Small Business Administration. ACTION: Notice of open Federal advisory committee meeting. AGENCY: The SBA is issuing this notice to announce the location, date, time, and agenda for the next meeting of the Audit and Financial Management Advisory Committee (AFMAC). The meeting will be open to the public. DATES: The meeting will be held on Thursday, October 29, 2015, starting at 1:00 p.m. until approximately 3:00 p.m. Eastern Time. ADDRESSES: The meeting will be held at the U.S. Small Business Administration, SUMMARY: PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 409 3rd Street SW., Office of Performance Management and Chief Financial Officer Conference Room, 6th Floor, Washington, DC 20416. SUPPLEMENTARY INFORMATION: Pursuant to section 10(a)(2) of the Federal Advisory Committee Act (5 U.S.C., Appendix 2), SBA announces the meeting of the AFMAC. The AFMAC is tasked with providing recommendation and advice regarding the Agency’s financial management, including the financial reporting process, systems of internal controls, audit process and process for monitoring compliance with relevant laws and regulations. The purpose of the meeting is to discuss the SBA’s Financial Reporting, Audit Findings Remediation, Ongoing OIG Audits including the Information Technology Audit, FMFIA Assurance/ A–123 Internal Control Program, Credit Modeling, Performance Management, Acquisition Division Update, Improper Payments and current initiatives. FOR FURTHER INFORMATION CONTACT: The meeting is open to the public, however advance notice of attendance is requested. Anyone wishing to attend and/or make a presentation to the AFMAC must contact Tami Perriello by fax or email, in order to be placed on the agenda. Tami Perriello, Chief Financial Officer, 409 3rd Street SW., 6th Floor, Washington, DC 20416, phone: (202) 205–6449, fax: (202) 481–6194, email: tami.perriello@sba.gov. Additionally, if you need accommodations because of a disability or require additional information, please contact Donna Wood at (202) 619–1608, email: Donna.Wood@sba.gov; SBA, Office of Chief Financial Officer, 409 3rd Street SW., Washington, DC 20416. For more information, please visit our Web site at https://www.sba.gov/ aboutsba/sbaprograms/cfo/. Dated: September 30, 2015. Miguel L’Heureux, White House Liaison. [FR Doc. 2015–25821 Filed 10–8–15; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION Reporting and Recordkeeping Requirements Under OMB Review Small Business Administration. 30-Day notice. AGENCY: ACTION: The Small Business Administration (SBA) is publishing this notice to comply with requirements of the Paperwork Reduction Act (PRA) (44 U.S.C. Chapter 35), which requires agencies to submit proposed reporting SUMMARY: E:\FR\FM\09OCN1.SGM 09OCN1

Agencies

[Federal Register Volume 80, Number 196 (Friday, October 9, 2015)]
[Notices]
[Page 61266]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-25821]


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 SMALL BUSINESS ADMINISTRATION


Audit and Financial Management Advisory Committee (AFMAC)

AGENCY: U.S. Small Business Administration.

ACTION: Notice of open Federal advisory committee meeting.

-----------------------------------------------------------------------

SUMMARY: The SBA is issuing this notice to announce the location, date, 
time, and agenda for the next meeting of the Audit and Financial 
Management Advisory Committee (AFMAC).
    The meeting will be open to the public.

DATES: The meeting will be held on Thursday, October 29, 2015, starting 
at 1:00 p.m. until approximately 3:00 p.m. Eastern Time.

ADDRESSES: The meeting will be held at the U.S. Small Business 
Administration, 409 3rd Street SW., Office of Performance Management 
and Chief Financial Officer Conference Room, 6th Floor, Washington, DC 
20416.

SUPPLEMENTARY INFORMATION: Pursuant to section 10(a)(2) of the Federal 
Advisory Committee Act (5 U.S.C., Appendix 2), SBA announces the 
meeting of the AFMAC. The AFMAC is tasked with providing recommendation 
and advice regarding the Agency's financial management, including the 
financial reporting process, systems of internal controls, audit 
process and process for monitoring compliance with relevant laws and 
regulations.
    The purpose of the meeting is to discuss the SBA's Financial 
Reporting, Audit Findings Remediation, Ongoing OIG Audits including the 
Information Technology Audit, FMFIA Assurance/A-123 Internal Control 
Program, Credit Modeling, Performance Management, Acquisition Division 
Update, Improper Payments and current initiatives.

FOR FURTHER INFORMATION CONTACT: The meeting is open to the public, 
however advance notice of attendance is requested. Anyone wishing to 
attend and/or make a presentation to the AFMAC must contact Tami 
Perriello by fax or email, in order to be placed on the agenda. Tami 
Perriello, Chief Financial Officer, 409 3rd Street SW., 6th Floor, 
Washington, DC 20416, phone: (202) 205-6449, fax: (202) 481-6194, 
email: tami.perriello@sba.gov.
    Additionally, if you need accommodations because of a disability or 
require additional information, please contact Donna Wood at (202) 619-
1608, email: Donna.Wood@sba.gov; SBA, Office of Chief Financial 
Officer, 409 3rd Street SW., Washington, DC 20416. For more 
information, please visit our Web site at https://www.sba.gov/aboutsba/sbaprograms/cfo/.

    Dated: September 30, 2015.
Miguel L'Heureux,
White House Liaison.
[FR Doc. 2015-25821 Filed 10-8-15; 8:45 am]
BILLING CODE 8025-01-P
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