Submission for OMB Review; Comment Request, 36020 [2012-14624]
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36020
Federal Register / Vol. 77, No. 116 / Friday, June 15, 2012 / Notices
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
srobinson on DSK4SPTVN1PROD with NOTICES
Extension:
Regulation FD; OMB Control No. 3235–0536;
SEC File No. 270–475.
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
(‘‘Commission’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
Regulation FD (17 CFR 243.100 et
seq.)—Other Disclosure Materials
requires public disclosure of material
information from issuers of publicly
traded securities so that investors have
current information upon which to base
investment decisions. The purpose of
the regulation is to require that: (1)
When an issuer intentionally discloses
material information, to do so through
public disclosure, not selective
disclosure; and (2) to make prompt
public disclosure of material
information that was unintentionally
selectively disclosed. Regulation FD was
adopted due to a concern that the
practice of selective disclosure leads to
a loss of investor confidence in the
integrity of our capital markets. All
information is provided to the public for
review. The information required is
filed on occasion and is mandatory. We
estimate that approximately 13,000
issuers make Regulation FD disclosures
approximately five times a year for a
total of 58,000 submissions annually,
not including an estimated 7,000 issuers
who file Form 8–K to comply with
Regulation FD. We estimate that it takes
approximately 5 hours per response
(58,000 responses × 5 hours) for a total
burden of 290,000 hours annually. In
addition, we estimate that 25% of the 5
hours (1.25 hours) is prepared by the
filer for an annual reporting burden of
72,500 hours (1.25 hours per response ×
58,000 responses).
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid
control number.
The Commission may not conduct or
sponsor a collection of information
unless it displays a currently valid
control number. No person shall be
VerDate Mar<15>2010
17:05 Jun 14, 2012
Jkt 226001
subject to any penalty for failing to
comply with a collection of information
subject to PRA that does not display a
valid Office of Management and Budget
(OMB) control number.
The public may view the background
documentation for this information
collection at the following Web site,
www.reginfo.gov. Comments should be
directed to: (i) Desk Officer for the
Securities and Exchange Commission,
Office of Information and Regulatory
Affairs, Office of Management and
Budget, Room 10102, New Executive
Office Building, Washington, DC 20503,
or by sending an email to:
Shagufta_Ahmed@omb.eop.gov; and (ii)
Thomas Bayer, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 6432 General Green Way,
Alexandria, VA 22312 or send an email
to: PRA_Mailbox@sec.gov. Comments
must be submitted to OMB within 30
days of this notice.
Dated: June 11, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–14624 Filed 6–14–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
30102; 812–13859–01]
Notice of Application; Hirtle Callaghan
& Co., LLC and HC Capital Trust
June 11, 2012.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of an application under
section 6(c) of the Investment Company
Act of 1940 (‘‘Act’’) for an exemption
from section 15(a) of the Act and rule
18f–2 under the Act.
AGENCY:
Applicants
request an order that would permit them
to enter into and materially amend
subadvisory agreements without
shareholder approval.
APPLICANTS: Hirtle Callaghan & Co., LLC
(the ‘‘Adviser’’) and HC Capital Trust
(the ‘‘Trust’’).
DATES: Filing Dates: The application was
filed on January 19, 2011, and amended
on May 5, 2011, and April 27, 2012.
HEARING OR NOTIFICATION OF HEARING: An
order granting the application will be
issued unless the Commission orders a
hearing. Interested persons may request
a hearing by writing to the
Commission’s Secretary and serving
applicants with a copy of the request,
SUMMARY OF APPLICATION:
PO 00000
Frm 00083
Fmt 4703
Sfmt 4703
personally or by mail. Hearing requests
should be received by the Commission
by 5:30 p.m. on July 9, 2012, and should
be accompanied by proof of service on
the applicants, in the form of an
affidavit or, for lawyers, a certificate of
service. Hearing requests should state
the nature of the writer’s interest, the
reason for the request, and the issues
contested. Persons who wish to be
notified of a hearing may request
notification by writing to the
Commission’s Secretary.
ADDRESSES: Elizabeth M. Murphy,
Secretary, U.S. Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
Applicants: Hirtle Callaghan & Co., LLC;
Five Tower Bridge, 300 Barr Harbor
Drive, Suite 500, West Conshohocken,
PA 19428.
FOR FURTHER INFORMATION CONTACT:
Barbara T. Heussler, Senior Counsel, at
(202) 551–6990, or Jennifer L. Sawin,
Branch Chief, at (202) 551–6821
(Division of Investment Management,
Office of Investment Company
Regulation).
SUPPLEMENTARY INFORMATION: The
following is a summary of the
application. The complete application
may be obtained via the Commission’s
Web site by searching for the file
number, or an applicant using the
Company name box, at https://
www.sec.gov/search/search.htm or by
calling (202) 551–8090.
Applicants’ Representations
1. The Trust, a Delaware statutory
trust, is registered under the Act as an
open-end management investment
company and offers series of shares
(each a ‘‘Series’’), each of which has its
own distinct investment objectives,
policies and restrictions.1 The Adviser,
1 Applicants also request relief with respect to
future Series and any other existing or future
registered open-end management investment
company or series thereof that: (a) Is advised by the
Adviser or an entity controlling, controlled by or
under common control with the Adviser or its
successors (each such entity included in the term
‘‘Adviser’’); (b) uses the multi-manager structure
described in the application; and (c) complies with
the terms and conditions of the application
(together with any Series that currently uses one or
more Sub-Advisers, as defined below, each a
‘‘Subadvised Fund’’ and collectively, the
‘‘Subadvised Funds’’). The only existing registered
open-end management investment company that
currently intends to rely on the requested order is
named as an Applicant. For purposes of the
requested order, ‘‘successor’’ is limited to an entity
that results from a reorganization into another
jurisdiction or a change in the type of business
organization. If the name of any Subadvised Fund
contains the name of a Sub-Adviser, the name of
the Adviser that serves as the primary adviser to the
Subadvised Fund, or a trademark or trade name that
is owned by that Adviser, will precede the name of
the Sub-Adviser.
E:\FR\FM\15JNN1.SGM
15JNN1
]]>Agencies
[Federal Register Volume 77, Number 116 (Friday, June 15, 2012)]
[Notices]
[Page 36020]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-14624]
[[Page 36020]]
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SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Regulation FD; OMB Control No. 3235-0536; SEC File No. 270-475.
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
(``Commission'') has submitted to the Office of Management and Budget a
request for extension of the previously approved collection of
information discussed below.
Regulation FD (17 CFR 243.100 et seq.)--Other Disclosure Materials
requires public disclosure of material information from issuers of
publicly traded securities so that investors have current information
upon which to base investment decisions. The purpose of the regulation
is to require that: (1) When an issuer intentionally discloses material
information, to do so through public disclosure, not selective
disclosure; and (2) to make prompt public disclosure of material
information that was unintentionally selectively disclosed. Regulation
FD was adopted due to a concern that the practice of selective
disclosure leads to a loss of investor confidence in the integrity of
our capital markets. All information is provided to the public for
review. The information required is filed on occasion and is mandatory.
We estimate that approximately 13,000 issuers make Regulation FD
disclosures approximately five times a year for a total of 58,000
submissions annually, not including an estimated 7,000 issuers who file
Form 8-K to comply with Regulation FD. We estimate that it takes
approximately 5 hours per response (58,000 responses x 5 hours) for a
total burden of 290,000 hours annually. In addition, we estimate that
25% of the 5 hours (1.25 hours) is prepared by the filer for an annual
reporting burden of 72,500 hours (1.25 hours per response x 58,000
responses).
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid control number.
The Commission may not conduct or sponsor a collection of
information unless it displays a currently valid control number. No
person shall be subject to any penalty for failing to comply with a
collection of information subject to PRA that does not display a valid
Office of Management and Budget (OMB) control number.
The public may view the background documentation for this
information collection at the following Web site, www.reginfo.gov.
Comments should be directed to: (i) Desk Officer for the Securities and
Exchange Commission, Office of Information and Regulatory Affairs,
Office of Management and Budget, Room 10102, New Executive Office
Building, Washington, DC 20503, or by sending an email to: Shagufta_Ahmed@omb.eop.gov; and (ii) Thomas Bayer, Director/Chief Information
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon,
6432 General Green Way, Alexandria, VA 22312 or send an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of
this notice.
Dated: June 11, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-14624 Filed 6-14-12; 8:45 am]
BILLING CODE 8011-01-P
