Proposed Collection; Comment Request, 17724 [E5-1583]
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17724
Federal Register / Vol. 70, No. 66 / Thursday, April 7, 2005 / Notices
determined pursuant to U.S.C. 552b(e)
and § 9.107(a) of the Commission’s rules
that ‘‘Discussion of Intergovernmental
Issues (Closed—Ex. 9)’’ be held April 4,
and on less than one week’s notice to
the public.
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The NRC Commission Meeting
Schedule can be found on the Internet
at: https://www.nrc.gov/what-we-do/
policy-making/schedule.html.
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The NRC provides reasonable
accommodation to individuals with
disabilities where appropriate. If you
need a reasonable accommodation to
participate in these public meetings, or
need this meeting notice or the
transcript or other information from the
public meetings in another format (e.g.
braille, large print), please notify the
NRC’s Disability Program Coordinator,
August Spector, at 301–415–7080, TDD:
301–415–2100, or by e-mail at
aks@nrc.gov. Determinations on
requests for reasonable accommodation
will be made on a case-by-case basis.
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This notice is distributed by mail to
several hundred subscribers; if you no
longer wish to receive it, or would like
to be added to the distribution, please
contact the Office of the Secretary,
Washington, DC 20555 (301–415–1969).
In addition, distribution of this meeting
notice over the Internet system is
available. If you are interested in
receiving this Commission meeting
schedule electronically, please send an
electronic message to dkw@nrc.gov.
Dated: April 4, 2005.
Dave Gamberoni,
Office of the Secretary.
[FR Doc. 05–6995 Filed 4–5–05; 9:25 am]
BILLING CODE 7590–01–M
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission; Office of Filings and
Information Services; Washington, DC
20549.
Extension:
Rule 17d–1; SEC File No. 270–505; OMB
Control No. 3235–0562.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) the Securities
and Exchange Commission (the
‘‘Commission’’) is soliciting comments
on the collections of information
VerDate jul<14>2003
18:22 Apr 06, 2005
Jkt 205001
summarized below. The Commission
plans to submit these existing
collections of information to the Office
of Management and Budget (‘‘OMB’’) for
extension and approval.
Section 17(d) of the Investment
Company Act of 1940 (the ‘‘Act’’)
prohibits first- and second-tier affiliates
of a fund, the fund’s principal
underwriters, and affiliated persons of
the fund’s principal underwriters, acting
as principal, to effect any transaction in
which the fund or a company controlled
by the fund is a joint or a joint and
several participant in contravention of
the Commission’s rules. Rule 17d–1
(‘‘Applications regarding joint
enterprises or arrangements and certain
profit-sharing plans’’ [17 CFR 270.17d–
1]) permit a fund to enter into a joint
arrangement with a portfolio affiliate (an
issuer of which a fund owns a position
in excess of five percent of the voting
securities), or an affiliated person of a
portfolio affiliate, as long as certain
other affiliated persons of the fund (e.g.,
the fund’s adviser, persons controlling
the fund, and persons under common
control with the fund) are not parties to
the transaction and do not have a
financial interest in a party to the
transaction.
Rule 17d–1 provides that, in addition
to the interests identified in the rule not
to be ‘‘financial interests,’’ the term
‘‘financial interest’’ also does not
include any interest that the fund’s
board of directors (including a majority
of the directors who are not interested
persons of the fund) finds to be not
material. The rule requires that the
minutes of the board’s meeting record
the basis for the board’s finding.
The information collection
requirements in rule 17d–1 are intended
to ensure that Commission staff can
review, in the course of its compliance
and examination functions, the basis for
a board of director’s finding that the
financial interest of a prohibited
participant in a party to a transaction
with a portfolio affiliate is not material.
Based on analysis of past filings, the
Commission’s staff estimates that 148
funds are affiliated persons of 668
issuers as a result of the fund’s
ownership or control of the issuer’s
voting securities, and that there are
approximately 1,000 such affiliate
relationships. Staff discussions with
mutual fund representatives have
suggested that no funds are currently
relying on rule 17d–1 exemptions. We
do not know definitively the reasons for
this change in transactional behavior,
but differing market conditions from
year to year may offer some explanation
for the current lack of fund interest in
the exemptions under rule 17d–1.
PO 00000
Frm 00081
Fmt 4703
Sfmt 4703
Accordingly, we estimate that annually
there will be no joint transactions under
rule 17d–1 that will result in a
collection of information.
The Commission requests
authorization to maintain an inventory
of one burden hour to ease future
renewals of rule 17d–1 collection of
information analysis should reliance on
the rule increase in the coming years.
Written comments are invited on: (a)
Whether the proposed 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 of 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 R. Corey Booth, Director/Chief
Information Officer, Office of
Information Technology, Securities and
Exchange Commission, 450 5th Street,
NW., Washington, DC 20549.
Dated: March 29, 2005.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5–1583 Filed 4–6–05; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission; Office of Filings and
Information Services; Washington, DC
20549.
Extension:
Rule 12d3–1; SEC File No. 270–504; OMB
Control No. 3235–0561.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) the Securities
and Exchange Commission (the
‘‘Commission’’) is soliciting comments
on the collections of information
summarized below. The Commission
plans to submit these existing
collections of information to the Office
of Management and Budget (‘‘OMB’’) for
extension and approval.
E:\FR\FM\07APN1.SGM
07APN1
]]>Agencies
[Federal Register Volume 70, Number 66 (Thursday, April 7, 2005)]
[Notices]
[Page 17724]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-1583]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission; Office of Filings and Information Services; Washington, DC
20549.
Extension:
Rule 17d-1; SEC File No. 270-505; OMB Control No. 3235-0562.
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.) the Securities and Exchange Commission
(the ``Commission'') is soliciting comments on the collections of
information summarized below. The Commission plans to submit these
existing collections of information to the Office of Management and
Budget (``OMB'') for extension and approval.
Section 17(d) of the Investment Company Act of 1940 (the ``Act'')
prohibits first- and second-tier affiliates of a fund, the fund's
principal underwriters, and affiliated persons of the fund's principal
underwriters, acting as principal, to effect any transaction in which
the fund or a company controlled by the fund is a joint or a joint and
several participant in contravention of the Commission's rules. Rule
17d-1 (``Applications regarding joint enterprises or arrangements and
certain profit-sharing plans'' [17 CFR 270.17d-1]) permit a fund to
enter into a joint arrangement with a portfolio affiliate (an issuer of
which a fund owns a position in excess of five percent of the voting
securities), or an affiliated person of a portfolio affiliate, as long
as certain other affiliated persons of the fund (e.g., the fund's
adviser, persons controlling the fund, and persons under common control
with the fund) are not parties to the transaction and do not have a
financial interest in a party to the transaction.
Rule 17d-1 provides that, in addition to the interests identified
in the rule not to be ``financial interests,'' the term ``financial
interest'' also does not include any interest that the fund's board of
directors (including a majority of the directors who are not interested
persons of the fund) finds to be not material. The rule requires that
the minutes of the board's meeting record the basis for the board's
finding.
The information collection requirements in rule 17d-1 are intended
to ensure that Commission staff can review, in the course of its
compliance and examination functions, the basis for a board of
director's finding that the financial interest of a prohibited
participant in a party to a transaction with a portfolio affiliate is
not material.
Based on analysis of past filings, the Commission's staff estimates
that 148 funds are affiliated persons of 668 issuers as a result of the
fund's ownership or control of the issuer's voting securities, and that
there are approximately 1,000 such affiliate relationships. Staff
discussions with mutual fund representatives have suggested that no
funds are currently relying on rule 17d-1 exemptions. We do not know
definitively the reasons for this change in transactional behavior, but
differing market conditions from year to year may offer some
explanation for the current lack of fund interest in the exemptions
under rule 17d-1. Accordingly, we estimate that annually there will be
no joint transactions under rule 17d-1 that will result in a collection
of information.
The Commission requests authorization to maintain an inventory of
one burden hour to ease future renewals of rule 17d-1 collection of
information analysis should reliance on the rule increase in the coming
years.
Written comments are invited on: (a) Whether the proposed
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 of 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 R. Corey Booth, Director/
Chief Information Officer, Office of Information Technology, Securities
and Exchange Commission, 450 5th Street, NW., Washington, DC 20549.
Dated: March 29, 2005.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5-1583 Filed 4-6-05; 8:45 am]
BILLING CODE 8010-01-P
