Submission for OMB Review; Comment Request, 69510-69511 [2012-28016]
Download as PDF
<![CDATA[
69510
Federal Register / Vol. 77, No. 223 / Monday, November 19, 2012 / Notices
For the Nuclear Regulatory Commission.
Thomas H. Boyce,
Chief, Regulatory Guide Development Branch,
Division of Engineering, Office of Nuclear
Regulatory Research.
[FR Doc. 2012–28076 Filed 11–16–12; 8:45 am]
BILLING CODE 7590–01–P
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.
pmangrum on DSK3VPTVN1PROD with NOTICES
Extension: Rule 17j–1.
OMB Control No. 3235–0224, SEC File No.
270–239.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 350l–3520), the Securities
and Exchange Commission (the
‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Conflicts of interest between
investment company personnel (such as
portfolio managers) and their funds can
arise when these persons buy and sell
securities for their own accounts
(‘‘personal investment activities’’).
These conflicts arise because fund
personnel have the opportunity to profit
from information about fund
transactions, often to the detriment of
fund investors. Beginning in the early
1960s, Congress and the Securities and
Exchange Commission (‘‘Commission’’)
sought to devise a regulatory scheme to
effectively address these potential
conflicts. These efforts culminated in
the addition of section 17(j) to the
Investment Company Act of 1940 (the
‘‘Investment Company Act’’) (15 U.S.C.
80a–17(j)) in 1970 and the adoption by
the Commission of rule 17j–1 (17 CFR
270.17j–1) in 1980.1 The Commission
proposed amendments to rule 17j–1 in
1995 in response to recommendations
made in the first detailed study of fund
policies concerning personal investment
activities by the Commission’s Division
of Investment Management since rule
17j–1 was adopted. Amendments to rule
17j–1, which were adopted in 1999,
1 Prevention of Certain Unlawful Activities with
Respect to Registered Investment Companies,
Investment Company Act Release No. 11421 (Oct.
31, 1980) (45 FR 73915 (Nov. 7, 1980)).
VerDate Mar<15>2010
14:04 Nov 16, 2012
Jkt 229001
enhanced fund oversight of personal
investment activities and the board’s
role in carrying out that oversight.2
Additional amendments to rule 17j–1
were made in 2004, conforming rule
17j–1 to rule 204A–1 under the
Investment Advisers Act of 1940 (15
U.S.C. 80b), avoiding duplicative
reporting, and modifying certain
definitions and time restrictions.3
Section 17(j) makes it unlawful for
persons affiliated with a registered
investment company (‘‘fund’’) or with
the fund’s investment adviser or
principal underwriter (each a ‘‘17j–1
organization’’), in connection with the
purchase or sale of securities held or to
be acquired by the investment company,
to engage in any fraudulent, deceptive,
or manipulative act or practice in
contravention of the Commission’s rules
and regulations. Section 17(j) also
authorizes the Commission to
promulgate rules requiring 17j–1
organizations to adopt codes of ethics.
In order to implement section 17(j),
rule 17j–1 imposes certain requirements
on 17j–1 organizations and ‘‘Access
Persons’’ 4 of those organizations. The
rule prohibits fraudulent, deceptive or
manipulative acts by persons affiliated
with a 17j–1 organization in connection
with their personal securities
transactions in securities held or to be
acquired by the fund. The rule requires
each 17j–1 organization, unless it is a
money market fund or a fund that does
not invest in Covered Securities,5 to: (i)
Adopt a written codes of ethics, (ii)
2 Personal Investment Activities of Investment
Company Personnel, Investment Company Act
Release No. 23958 (Aug. 20, 1999) (64 FR 46821–
01 (Aug. 27, 1999)).
3 Investment Adviser Codes of Ethics, Investment
Advisers Act Release No. 2256 (Jul. 2, 2004) (69 FR
41696 (Jul. 9, 2004)).
4 Rule 17j–1(a)(1) defines an ‘‘access person’’ as
‘‘Any Advisory Person of a Fund or of a Fund’s
investment adviser. If an investment adviser’s
primary business is advising Funds or other
advisory clients, all of the investment adviser’s
directors, officers, and general partners are
presumed to be Access Persons of any Fund advised
by the investment adviser. All of a Fund’s directors,
officers, and general partners are presumed to be
Access Persons of the Fund.’’ The definition of
Access Person also includes ‘‘Any director, officer
or general partner of a principal underwriter who,
in the ordinary course of business, makes,
participates in or obtains information regarding, the
purchase or sale of Covered Securities by the Fund
for which the principal underwriter acts, or whose
functions or duties in the ordinary course of
business relate to the making of any
recommendation to the Fund regarding the
purchase or sale of Covered Securities.’’ Rule
17j–1(a)(1).
5 A ‘‘Covered Security’’ is any security that falls
within the definition in section 2(a)(36) of the Act,
except for direct obligations of the U.S.
Government, bankers’ acceptances, bank certificates
of deposit, commercial paper and high quality
short-term debt instruments, including repurchase
agreements, and shares issued by open-end funds.
Rule 17j–1(a)(4).
PO 00000
Frm 00077
Fmt 4703
Sfmt 4703
submit the code and any material
changes to the code, along with a
certification that it has adopted
procedures reasonably necessary to
prevent Access Persons from violating
the code of ethics, to the fund board for
approval, (iii) use reasonable diligence
and institute procedures reasonably
necessary to prevent violations of the
code, (iv) submit a written report to the
fund describing any issues arising under
the code and procedures and certifying
that the 17j–1 entity has adopted
procedures reasonably necessary to
prevent Access Persons form violating
the code, (v) identify Access Persons
and notify them of their reporting
obligations, and (vi) maintain and make
available to the Commission for review
certain records related to the code of
ethics and transaction reporting by
Access Persons.
The rule requires each Access Person
of a fund (other than a money market
fund or a fund that does not invest in
Covered Securities) and of an
investment adviser or principal
underwriter of the fund, who is not
subject to an exception,6 to file: (i)
Within 10 days of becoming an Access
Person, a dated initial holdings report
that sets forth certain information with
respect to the Access Person’s securities
and accounts; (ii) dated quarterly
transaction reports within 30 days of the
end of each calendar quarter providing
certain information with respect to any
securities transactions during the
quarter and any account established by
the Access Person in which any
securities were held during the quarter;
and (iii) dated annual holding reports
6 Rule 17j–1(d)(2) contains the following
exceptions: (i) An Access Person need not file a
report for transactions effected for, and securities
held in, any account over which the Access Person
does not have control; (ii) an independent director
of the fund, who would otherwise be required to
report solely by reason of being a fund director and
who does not have information with respect to the
fund’s transactions in a particular security, does not
have to file an initial holdings report or a quarterly
transaction report; (iii) an Access Person of a
principal underwriter of the fund does not have to
file reports if the principal underwriter is not
affiliated with the fund (unless the fund is a unit
investment trust) or any investment adviser of the
fund and the principal underwriter of the fund does
not have any officer, director, or general partner
who serves in one of those capacities for the fund
or any investment adviser of the fund; (iv) an
Access Person to an investment adviser need not
make quarterly reports if the report would duplicate
information provided under the reporting
provisions of the Investment Adviser’s Act of 1940;
(v) an Access Person need not make quarterly
transaction reports if the information provided in
the report would duplicate information received by
the 17j–1 organization in the form of broker trade
confirmations or account statements or information
otherwise in the records of the 17j–1 organization;
and (vi) an Access Person need not make quarterly
transaction reports with respect to transactions
effected pursuant to an Automatic Investment Plan.
E:\FR\FM\19NON1.SGM
19NON1
pmangrum on DSK3VPTVN1PROD with NOTICES
Federal Register / Vol. 77, No. 223 / Monday, November 19, 2012 / Notices
providing information with respect to
each Covered Security the Access
Person beneficially owns and accounts
in which securities are held for his or
her benefit. In addition, rule 17j–1
requires investment personnel of a fund
or its investment adviser, before
acquiring beneficial ownership in
securities through an initial public
offering (IPO) or in a private placement,
to obtain approval from the fund or the
fund’s investment adviser.
The requirements that the
management of a rule 17j–1 organization
provide the fund’s board with new and
amended codes of ethics and an annual
issues and certification report are
intended to enhance board oversight of
personal investment policies applicable
to the fund and the personal investment
activities of Access Persons. The
requirements that Access Persons
provide initial holdings reports,
quarterly transaction reports, and
annual holdings reports and request
approval for purchases of securities
through IPOs and private placements
are intended to help fund compliance
personnel and the Commission’s
examinations staff monitor potential
conflicts of interest and detect
potentially abusive activities. The
requirement that each rule 17j–1
organization maintain certain records is
intended to assist the organization and
the Commission’s examinations staff in
determining if there have been
violations of rule 17j–1.
We estimate that annually there are
approximately 75,496 respondents
under rule 17j–1, of which 5,496 are
rule 17j–1 organizations and 70,000 are
Access Persons. In the aggregate, these
respondents make approximately
107,780 responses annually. We
estimate that the total annual burden of
complying with the information
collection requirements in rule 17j–1 is
approximately 387,599 hours. This hour
burden represents time spent by Access
Persons that must file initial and annual
holdings reports and quarterly
transaction reports, investment
personnel that must obtain approval
before acquiring beneficial ownership in
any securities through an IPO or private
placement, and the responsibilities of
rule 17j–1 organizations arising from
information collection requirements
under rule 17j–1. These include
notifying Access Persons of their
reporting obligations, preparing an
annual rule 17j–1 report and
certification for the board, documenting
their approval or rejection of IPO and
private placement requests, maintaining
annual rule 17j–1 records, maintaining
electronic reporting and recordkeeping
systems, amending their codes of ethics
VerDate Mar<15>2010
14:04 Nov 16, 2012
Jkt 229001
as necessary, and, for new fund
complexes, adopting a code of ethics.
We estimate that there is an annual
cost burden of approximately $5,000 per
fund complex, for a total of $4,160,000,
associated with complying with the
information collection requirements in
rule 17j–1. This represents the costs of
purchasing and maintaining computers
and software to assist funds in carrying
out rule 17j–1 recordkeeping.
These burden hour and cost estimates
are based upon the Commission staff’s
experience and discussions with the
fund industry. The estimates of average
burden hours and costs are made solely
for the purposes of the Paperwork
Reduction Act. These estimates are not
derived from a comprehensive or even
a representative survey or study of the
costs of Commission rules.
Compliance with the collection of
information requirements of the rule is
mandatory and is necessary to comply
with the requirements of the rule in
general. 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. Rule 17j–1 requires that
records be maintained for at least five
years in an easily accessible place.7
Written comments are invited on: (a)
Whether the collection of information is
necessary for the proper performance of
the functions of the Commission,
including whether the information will
have practical utility; (b) the accuracy of
the Commission’s estimate of the
burden of the collections of information;
(c) ways to enhance the quality, utility,
and clarity of the information collected;
and (d) ways to minimize the burdens
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 Thomas Bayer, 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.
7 If information collected pursuant to the rule is
reviewed by the Commission’s examination staff, it
will be accorded the same level of confidentiality
accorded to other responses provided to the
Commission in the context of its examination and
oversight program. See section 31(c) of the
Investment Company Act (15 U.S.C. 80a–30(c)).
PO 00000
Frm 00078
Fmt 4703
Sfmt 4703
69511
Dated: November 13, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–28016 Filed 11–16–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
30260; File No. 812–14037]
Columbia ETF Trust, et al.; Notice of
Application
November 13, 2012.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of an application for an
order pursuant to sections 6(c) and 17(b)
of the Investment Company Act of 1940
(the ‘‘Act’’) for an exemption from
section 17(a) of the Act permitting
certain transactions.
AGENCY:
SUMMARY OF THE APPLICATION:
Applicants request an order (the
‘‘Order’’) that would permit registered
investment companies for which certain
direct or indirect wholly owned
subsidiaries of Ameriprise Financial,
Inc. (‘‘Ameriprise’’) act as an investment
adviser to engage in certain primary and
secondary market principal transactions
in fixed income instruments (the
‘‘Transactions’’) with Merrill Lynch,
Pierce, Fenner and Smith Incorporated
(‘‘MLPF&S’’) and Bank of America, N.A.
(‘‘BANA’’), including an internal
division of BANA (‘‘BANA (Dealer
Unit)’’) as well as affiliates of MLPF&S
and BANA (each, a ‘‘BAC Trading
Entity,’’ together, the ‘‘BAC Trading
Entities’’).
APPLICANTS: Columbia Management
Investment Advisers, LLC (‘‘CMIA’’) and
Columbia Wanger Asset Management,
LLC (‘‘CWAM’’) (each, an ‘‘Adviser’’,
together, the ‘‘Advisers’’) and Columbia
ETF Trust, Columbia ETF Trust I,
Columbia Funds Master Investment
Trust, LLC, Columbia Funds Series
Trust, Columbia Funds Series Trust I,
Columbia Funds Series Trust II,
Columbia Funds Variable Insurance
Trust, Columbia Funds Variable
Insurance Trust I, Columbia Funds
Variable Series Trust II, Columbia
Seligman Premium Technology Growth
Fund, Inc., Tri-Continental Corporation,
Columbia Acorn Trust, Wanger
Advisors Trust and Ameriprise
Certificate Company (each a ‘‘Fund’’,
collectively, the ‘‘Funds’’), Bank of
America Corporation (‘‘BAC’’), BANA
and MLPF&S.
DATES: Filing Dates: The application was
filed on June 1, 2012, and amended on
E:\FR\FM\19NON1.SGM
19NON1
]]>Agencies
[Federal Register Volume 77, Number 223 (Monday, November 19, 2012)]
[Notices]
[Pages 69510-69511]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-28016]
=======================================================================
-----------------------------------------------------------------------
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: Rule 17j-1.
OMB Control No. 3235-0224, SEC File No. 270-239.
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 350l-3520), the Securities and Exchange
Commission (the ``Commission'') is soliciting comments on the
collection of information summarized below. The Commission plans to
submit this existing collection of information to the Office of
Management and Budget for extension and approval.
Conflicts of interest between investment company personnel (such as
portfolio managers) and their funds can arise when these persons buy
and sell securities for their own accounts (``personal investment
activities''). These conflicts arise because fund personnel have the
opportunity to profit from information about fund transactions, often
to the detriment of fund investors. Beginning in the early 1960s,
Congress and the Securities and Exchange Commission (``Commission'')
sought to devise a regulatory scheme to effectively address these
potential conflicts. These efforts culminated in the addition of
section 17(j) to the Investment Company Act of 1940 (the ``Investment
Company Act'') (15 U.S.C. 80a-17(j)) in 1970 and the adoption by the
Commission of rule 17j-1 (17 CFR 270.17j-1) in 1980.\1\ The Commission
proposed amendments to rule 17j-1 in 1995 in response to
recommendations made in the first detailed study of fund policies
concerning personal investment activities by the Commission's Division
of Investment Management since rule 17j-1 was adopted. Amendments to
rule 17j-1, which were adopted in 1999, enhanced fund oversight of
personal investment activities and the board's role in carrying out
that oversight.\2\ Additional amendments to rule 17j-1 were made in
2004, conforming rule 17j-1 to rule 204A-1 under the Investment
Advisers Act of 1940 (15 U.S.C. 80b), avoiding duplicative reporting,
and modifying certain definitions and time restrictions.\3\ Section
17(j) makes it unlawful for persons affiliated with a registered
investment company (``fund'') or with the fund's investment adviser or
principal underwriter (each a ``17j-1 organization''), in connection
with the purchase or sale of securities held or to be acquired by the
investment company, to engage in any fraudulent, deceptive, or
manipulative act or practice in contravention of the Commission's rules
and regulations. Section 17(j) also authorizes the Commission to
promulgate rules requiring 17j-1 organizations to adopt codes of
ethics.
---------------------------------------------------------------------------
\1\ Prevention of Certain Unlawful Activities with Respect to
Registered Investment Companies, Investment Company Act Release No.
11421 (Oct. 31, 1980) (45 FR 73915 (Nov. 7, 1980)).
\2\ Personal Investment Activities of Investment Company
Personnel, Investment Company Act Release No. 23958 (Aug. 20, 1999)
(64 FR 46821-01 (Aug. 27, 1999)).
\3\ Investment Adviser Codes of Ethics, Investment Advisers Act
Release No. 2256 (Jul. 2, 2004) (69 FR 41696 (Jul. 9, 2004)).
---------------------------------------------------------------------------
In order to implement section 17(j), rule 17j-1 imposes certain
requirements on 17j-1 organizations and ``Access Persons'' \4\ of those
organizations. The rule prohibits fraudulent, deceptive or manipulative
acts by persons affiliated with a 17j-1 organization in connection with
their personal securities transactions in securities held or to be
acquired by the fund. The rule requires each 17j-1 organization, unless
it is a money market fund or a fund that does not invest in Covered
Securities,\5\ to: (i) Adopt a written codes of ethics, (ii) submit the
code and any material changes to the code, along with a certification
that it has adopted procedures reasonably necessary to prevent Access
Persons from violating the code of ethics, to the fund board for
approval, (iii) use reasonable diligence and institute procedures
reasonably necessary to prevent violations of the code, (iv) submit a
written report to the fund describing any issues arising under the code
and procedures and certifying that the 17j-1 entity has adopted
procedures reasonably necessary to prevent Access Persons form
violating the code, (v) identify Access Persons and notify them of
their reporting obligations, and (vi) maintain and make available to
the Commission for review certain records related to the code of ethics
and transaction reporting by Access Persons.
---------------------------------------------------------------------------
\4\ Rule 17j-1(a)(1) defines an ``access person'' as ``Any
Advisory Person of a Fund or of a Fund's investment adviser. If an
investment adviser's primary business is advising Funds or other
advisory clients, all of the investment adviser's directors,
officers, and general partners are presumed to be Access Persons of
any Fund advised by the investment adviser. All of a Fund's
directors, officers, and general partners are presumed to be Access
Persons of the Fund.'' The definition of Access Person also includes
``Any director, officer or general partner of a principal
underwriter who, in the ordinary course of business, makes,
participates in or obtains information regarding, the purchase or
sale of Covered Securities by the Fund for which the principal
underwriter acts, or whose functions or duties in the ordinary
course of business relate to the making of any recommendation to the
Fund regarding the purchase or sale of Covered Securities.'' Rule
17j-1(a)(1).
\5\ A ``Covered Security'' is any security that falls within the
definition in section 2(a)(36) of the Act, except for direct
obligations of the U.S. Government, bankers' acceptances, bank
certificates of deposit, commercial paper and high quality short-
term debt instruments, including repurchase agreements, and shares
issued by open-end funds. Rule 17j-1(a)(4).
---------------------------------------------------------------------------
The rule requires each Access Person of a fund (other than a money
market fund or a fund that does not invest in Covered Securities) and
of an investment adviser or principal underwriter of the fund, who is
not subject to an exception,\6\ to file: (i) Within 10 days of becoming
an Access Person, a dated initial holdings report that sets forth
certain information with respect to the Access Person's securities and
accounts; (ii) dated quarterly transaction reports within 30 days of
the end of each calendar quarter providing certain information with
respect to any securities transactions during the quarter and any
account established by the Access Person in which any securities were
held during the quarter; and (iii) dated annual holding reports
[[Page 69511]]
providing information with respect to each Covered Security the Access
Person beneficially owns and accounts in which securities are held for
his or her benefit. In addition, rule 17j-1 requires investment
personnel of a fund or its investment adviser, before acquiring
beneficial ownership in securities through an initial public offering
(IPO) or in a private placement, to obtain approval from the fund or
the fund's investment adviser.
---------------------------------------------------------------------------
\6\ Rule 17j-1(d)(2) contains the following exceptions: (i) An
Access Person need not file a report for transactions effected for,
and securities held in, any account over which the Access Person
does not have control; (ii) an independent director of the fund, who
would otherwise be required to report solely by reason of being a
fund director and who does not have information with respect to the
fund's transactions in a particular security, does not have to file
an initial holdings report or a quarterly transaction report; (iii)
an Access Person of a principal underwriter of the fund does not
have to file reports if the principal underwriter is not affiliated
with the fund (unless the fund is a unit investment trust) or any
investment adviser of the fund and the principal underwriter of the
fund does not have any officer, director, or general partner who
serves in one of those capacities for the fund or any investment
adviser of the fund; (iv) an Access Person to an investment adviser
need not make quarterly reports if the report would duplicate
information provided under the reporting provisions of the
Investment Adviser's Act of 1940; (v) an Access Person need not make
quarterly transaction reports if the information provided in the
report would duplicate information received by the 17j-1
organization in the form of broker trade confirmations or account
statements or information otherwise in the records of the 17j-1
organization; and (vi) an Access Person need not make quarterly
transaction reports with respect to transactions effected pursuant
to an Automatic Investment Plan.
---------------------------------------------------------------------------
The requirements that the management of a rule 17j-1 organization
provide the fund's board with new and amended codes of ethics and an
annual issues and certification report are intended to enhance board
oversight of personal investment policies applicable to the fund and
the personal investment activities of Access Persons. The requirements
that Access Persons provide initial holdings reports, quarterly
transaction reports, and annual holdings reports and request approval
for purchases of securities through IPOs and private placements are
intended to help fund compliance personnel and the Commission's
examinations staff monitor potential conflicts of interest and detect
potentially abusive activities. The requirement that each rule 17j-1
organization maintain certain records is intended to assist the
organization and the Commission's examinations staff in determining if
there have been violations of rule 17j-1.
We estimate that annually there are approximately 75,496
respondents under rule 17j-1, of which 5,496 are rule 17j-1
organizations and 70,000 are Access Persons. In the aggregate, these
respondents make approximately 107,780 responses annually. We estimate
that the total annual burden of complying with the information
collection requirements in rule 17j-1 is approximately 387,599 hours.
This hour burden represents time spent by Access Persons that must file
initial and annual holdings reports and quarterly transaction reports,
investment personnel that must obtain approval before acquiring
beneficial ownership in any securities through an IPO or private
placement, and the responsibilities of rule 17j-1 organizations arising
from information collection requirements under rule 17j-1. These
include notifying Access Persons of their reporting obligations,
preparing an annual rule 17j-1 report and certification for the board,
documenting their approval or rejection of IPO and private placement
requests, maintaining annual rule 17j-1 records, maintaining electronic
reporting and recordkeeping systems, amending their codes of ethics as
necessary, and, for new fund complexes, adopting a code of ethics.
We estimate that there is an annual cost burden of approximately
$5,000 per fund complex, for a total of $4,160,000, associated with
complying with the information collection requirements in rule 17j-1.
This represents the costs of purchasing and maintaining computers and
software to assist funds in carrying out rule 17j-1 recordkeeping.
These burden hour and cost estimates are based upon the Commission
staff's experience and discussions with the fund industry. The
estimates of average burden hours and costs are made solely for the
purposes of the Paperwork Reduction Act. These estimates are not
derived from a comprehensive or even a representative survey or study
of the costs of Commission rules.
Compliance with the collection of information requirements of the
rule is mandatory and is necessary to comply with the requirements of
the rule in general. 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. Rule 17j-1 requires that
records be maintained for at least five years in an easily accessible
place.\7\
---------------------------------------------------------------------------
\7\ If information collected pursuant to the rule is reviewed by
the Commission's examination staff, it will be accorded the same
level of confidentiality accorded to other responses provided to the
Commission in the context of its examination and oversight program.
See section 31(c) of the Investment Company Act (15 U.S.C. 80a-
30(c)).
---------------------------------------------------------------------------
Written comments are invited on: (a) Whether the collection of
information is necessary for the proper performance of the functions of
the Commission, including whether the information will have practical
utility; (b) the accuracy of the Commission's estimate of the burden of
the collections of information; (c) ways to enhance the quality,
utility, and clarity of the information collected; and (d) ways to
minimize the burdens 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 Thomas Bayer, 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.
Dated: November 13, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-28016 Filed 11-16-12; 8:45 am]
BILLING CODE 8011-01-P
