Proposed Collection; Comment Request, 77174-77175 [2013-30273]

Download as PDF 77174 Federal Register / Vol. 78, No. 245 / Friday, December 20, 2013 / Notices emcdonald on DSK4SPTVN1PROD with NOTICES financial reports filed with the Commission—may spend little or no time complying with the rule, given that they do not do a public securities business or do not hold inventories of securities. For these reasons, the staff estimates that the total compliance burden per year is 446,200 hours (4,462 respondents × 100 hours/respondent). The records required to be made by Rule 17a–13 are available only to Commission examination staff, state securities authorities, and applicable SROs. Subject to the provisions of the Freedom of Information Act, 5 U.S.C. 522, and the Commission’s rules thereunder (17 CFR 200.80(b)(4)(iii)), the Commission does not generally publish or make available information contained in any reports, summaries, analyses, letters, or memoranda arising out of, in anticipation of, or in connection with an examination or inspection of the books and records of any person or any other investigation. Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information has practical utility; (b) the accuracy of the Commission’s estimates of the burden of the proposed 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. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information under the PRA unless it displays a currently valid OMB control number. Please direct your written comments to: Thomas Bayer, Director/Chief Information Officer, Securities and Exchange Commission, c/o Remi PavlikSimon, 100 F Street NE., Washington, DC 20549, or send an email to: PRA_ Mailbox@sec.gov. Dated: December 16, 2013. Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2013–30274 Filed 12–19–13; 8:45 am] BILLING CODE 8011–01–P VerDate Mar<15>2010 16:44 Dec 19, 2013 Jkt 232001 SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon Written Request Copies Available From: U.S. Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. Extension: Rule 15Ba2–6T; SEC File No. 270–618, OMB Control No. 3235–0659. Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the existing collection of information provided for in Rule 15Ba2–6T— Temporary Registration as a Municipal Advisor; Required Amendments; and Withdrawal from Temporary Registration (17 CFR 240.15Ba2–6T) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (‘‘Exchange Act’’). The Commission plans to submit this existing collection of information to the Office of Management and Budget (‘‘OMB’’) for extension and approval. Paragraph (a) of Rule 15Ba2–6T requires municipal advisors, as defined in Section 15B(e)(4) of the Exchange Act (15 U.S.C. 78o–4(e)(4)), to electronically file with the Commission on the Commission’s Web site at the following link, Municipal Advisor Registration, the information set forth in Form MA– T (17 CFR 249.1300T) to temporarily register or withdraw from temporary registration. Paragraph (b)(1) of Rule 15Ba2–6T requires municipal advisors to promptly amend their temporary registration whenever information concerning Items 1 (Identifying Information) or 3 (Disciplinary Information) of Form MA– T becomes inaccurate in any way. Paragraph (b)(2) of Rule 15Ba2–6T requires municipal advisors to promptly amend their temporary registration whenever they wish to withdraw from registration. Paragraph (c) of Rule 15Ba2–6T provides that every initial registration, amendment to registration, or withdrawal from registration filed pursuant to this rule constitutes a ‘‘report’’ within the meaning of applicable provisions of the Exchange Act. Paragraph (d) of Rule 15Ba2–6T provides that every Form MA–T, including every amendment to or withdrawal from registration, is considered filed with the Commission when the electronic form on the Commission’s Web site is completed PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 and the Commission has sent confirmation to the municipal advisor that the form was filed. Paragraph (e) of Rule 15Ba2–6T provides that all temporary registrations of municipal advisors will expire on the earlier of: (1) The date that the municipal advisor’s permanent registration, submitted pursuant to the Exchange Act and the rules thereunder, is approved or disapproved by the Commission; (2) the date on which the municipal advisor’s temporary registration is rescinded by the Commission; (3) for a municipal advisor that has not applied for permanent registration with the Commission in accordance with the Exchange Act and the rules thereunder, forty-five days after the compliance date of such rules for the municipal advisor; or (4) December 31, 2014. Paragraph (f) of Rule 15Ba2–6T provides that Rule 15Ba2–6T will expire on December 31, 2014. The primary purpose of Rule 15Ba2– 6T is to provide information about municipal advisors to investors and issuers, as well as the Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Commission staff estimates that approximately 100 new municipal advisors will file Form MA–T during the period January 1, 2014 through December 31, 2014. Commission staff estimates that each of the approximately 100 new municipal advisors will spend an average of 2.5 hours preparing each Form MA–T. Therefore the estimated total reporting burden associated with completing Form MA–T is 250 hours. Additionally, Commission staff estimates that approximately 1,150 municipal advisors currently registered with the Commission and the estimated 100 new municipal advisors will amend (or withdraw) their Form MA–T once during the period from January 1, 2014 through December 31, 2014, and that it will take approximately 30 minutes to amend (or withdraw) their form, which means the total burden associated with amending Form MA–T is 625 hours. Therefore, the total annual burden associated with completing and amending Form MA–T is 875 hours. The Commission believes that some municipal advisors will seek outside counsel to help them comply with the requirements of Rule 15Ba2–6T and Form MA–T, and assumes that 100 municipal advisors will consult outside counsel for one hour for this purpose. The Commission estimates the total cost for these 100 municipal advisors to hire outside counsel to review their compliance with the requirements of E:\FR\FM\20DEN1.SGM 20DEN1 Federal Register / Vol. 78, No. 245 / Friday, December 20, 2013 / Notices Rule 15Ba2–6T and Form MA–T to be approximately $37,900. Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; (b) the accuracy of the Commission’s estimates of the burden of the proposed collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be 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. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information under the PRA unless it displays a currently valid OMB control number. Please direct your written comments to: Thomas Bayer, Director/Chief Information Officer, Securities and Exchange Commission, c/o Remi PavlikSimon, 100 F Street NE., Washington, DC 20549, or send an email to: PRA_ Mailbox@sec.gov. Dated: December 16, 2013. Kevin M. O’Neill, Deputy Secretary. on June 20, 2013 and November 12, 2013. 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, personally or by mail. Hearing requests should be received by the Commission by 5:30 p.m. on January 10, 2014, 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: Adviser, 22 High Street, Huntington, NY 11743 and the Trust, 4020 South 147th Street, Suite 2, Omaha, Nebraska 68137. FOR FURTHER INFORMATION CONTACT: Jaea F. Hahn, Senior Counsel, at (202) 551– 6970, or Mary Kay Frech, Branch Chief, at (202) 551–6821 (Chief Counsel’s Office). 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 http:// www.sec.gov/search/search.htm or by calling (202) 551–8090. SUPPLEMENTARY INFORMATION: [FR Doc. 2013–30273 Filed 12–19–13; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 30832; 812–14101] Applicants’ Representations Catalyst Capital Advisors LLC and Mutual Fund Series Trust; Notice of Application December 16, 2013. 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. ACTION: Summary of Application: Applicants request an order that would permit them to enter into and materially amend subadvisory agreements without shareholder approval. APPLICANTS: Catalyst Capital Advisors LLC (‘‘CCA’’ or the ‘‘Adviser’’) and Mutual Fund Series Trust (formerly Catalyst Funds) (the ‘‘Trust’’). DATES: Filing Dates: The application was filed on December 7, 2012 and amended emcdonald on DSK4SPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 16:44 Dec 19, 2013 Jkt 232001 1. The Trust is organized as an Ohio business trust and is registered as an open-end management investment company with multiple series. Each series of the Trust has its own investment objective, policies and restrictions, and each is managed by the Adviser and may be managed by various subadvisers.1 1 Applicants request relief with respect to any existing or future series of the Trust and any other existing or future registered open-end management investment company or series thereof that (a) is advised by CCA, including any entity controlling, controlled by or under common control with CCA or its successors (included in the term ‘‘Adviser’’); (b) uses the manager-of-managers structure described in the application (‘‘Manager of Managers Structure’’); and (c) complies with the terms and conditions of the application (each a ‘‘Fund’’ and together, the ‘‘Funds’’). The only existing investment company that currently intends to rely on the requested order is named as an applicant. PO 00000 Frm 00082 Fmt 4703 Sfmt 4703 77175 2. CCA is a New York limited liability company registered as an investment adviser under the Investment Advisers Act of 1940 (‘‘Advisers Act’’). CCA provides investment management services to the Funds under an investment advisory agreement with the Trust (the ‘‘Advisory Agreement’’).2 The terms of each Advisory Agreement comply or will comply with section 15(a) of the Act. Each Advisory Agreement was or will be approved by the board of trustees of the relevant Fund (the board of trustees of any Fund, a ‘‘Board’’), including by a majority of the trustees who are not ‘‘interested persons’’ (as defined in section 2(a)(19) of the Act) of the Trust or Adviser (the ‘‘Independent Trustees’’), and by the shareholders of the respective Fund in the manner required by sections 15(a) and (c) of the Act and rule 18f–2 thereunder.3 3. Under the terms of each Advisory Agreement, CCA is responsible for the overall management of the business affairs of the Funds’ business affairs and selecting investments in accordance with the Funds’ respective investment objectives, policies and restrictions. For the investment management services that it provides to the Funds, the Adviser receives the fee specified in the Advisory Agreements. In addition, pursuant to each Advisory Agreement, CCA may retain one or more subadvisers for the purpose of managing all or a portion of the assets of the Funds. Pursuant to this authority, the Adviser intends to enter into subadvisory agreements with certain unaffiliated subadvisers (‘‘Subadvisers’’, and such agreements, ‘‘Subadvisory Agreements’’) to provide investment advisory services to the Funds. Each Subadviser to a Fund will be an ‘‘investment adviser’’ as defined in section 2(a)(20)(B) of the Act and registered as an investment adviser under the Advisers Act or not subject to such registration.4 The Adviser will supervise and monitor the Subadvisers, allocate Fund assets to the Subadvisers and periodically recommend to the 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 organization. 2 CCA or another Adviser will enter into substantially similar investment advisory agreements to provide investment management services to each future Fund (each included in the term ‘‘Advisory Agreement’’). Each other Adviser will also be registered as an investment adviser under the Advisers Act. 3 Applicants are not seeking any exemptions with respect to the Advisory Agreements. 4 If the name of any Fund contains the name of a Subadviser, the name of the Adviser will precede the name of the Subadviser. E:\FR\FM\20DEN1.SGM 20DEN1

Agencies

[Federal Register Volume 78, Number 245 (Friday, December 20, 2013)]
[Notices]
[Pages 77174-77175]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-30273]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Request Copies Available From: U.S. Securities and 
Exchange Commission, Office of Investor Education and Advocacy, 
Washington, DC 20549-0213.

Extension:
    Rule 15Ba2-6T; SEC File No. 270-618, OMB Control No. 3235-0659.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the existing 
collection of information provided for in Rule 15Ba2-6T--Temporary 
Registration as a Municipal Advisor; Required Amendments; and 
Withdrawal from Temporary Registration (17 CFR 240.15Ba2-6T) under the 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange 
Act''). The Commission plans to submit this existing collection of 
information to the Office of Management and Budget (``OMB'') for 
extension and approval.
    Paragraph (a) of Rule 15Ba2-6T requires municipal advisors, as 
defined in Section 15B(e)(4) of the Exchange Act (15 U.S.C. 78o-
4(e)(4)), to electronically file with the Commission on the 
Commission's Web site at the following link, Municipal Advisor 
Registration, the information set forth in Form MA-T (17 CFR 249.1300T) 
to temporarily register or withdraw from temporary registration.
    Paragraph (b)(1) of Rule 15Ba2-6T requires municipal advisors to 
promptly amend their temporary registration whenever information 
concerning Items 1 (Identifying Information) or 3 (Disciplinary 
Information) of Form MA-T becomes inaccurate in any way.
    Paragraph (b)(2) of Rule 15Ba2-6T requires municipal advisors to 
promptly amend their temporary registration whenever they wish to 
withdraw from registration.
    Paragraph (c) of Rule 15Ba2-6T provides that every initial 
registration, amendment to registration, or withdrawal from 
registration filed pursuant to this rule constitutes a ``report'' 
within the meaning of applicable provisions of the Exchange Act.
    Paragraph (d) of Rule 15Ba2-6T provides that every Form MA-T, 
including every amendment to or withdrawal from registration, is 
considered filed with the Commission when the electronic form on the 
Commission's Web site is completed and the Commission has sent 
confirmation to the municipal advisor that the form was filed.
    Paragraph (e) of Rule 15Ba2-6T provides that all temporary 
registrations of municipal advisors will expire on the earlier of: (1) 
The date that the municipal advisor's permanent registration, submitted 
pursuant to the Exchange Act and the rules thereunder, is approved or 
disapproved by the Commission; (2) the date on which the municipal 
advisor's temporary registration is rescinded by the Commission; (3) 
for a municipal advisor that has not applied for permanent registration 
with the Commission in accordance with the Exchange Act and the rules 
thereunder, forty-five days after the compliance date of such rules for 
the municipal advisor; or (4) December 31, 2014.
    Paragraph (f) of Rule 15Ba2-6T provides that Rule 15Ba2-6T will 
expire on December 31, 2014.
    The primary purpose of Rule 15Ba2-6T is to provide information 
about municipal advisors to investors and issuers, as well as the 
Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer 
Protection Act.
    Commission staff estimates that approximately 100 new municipal 
advisors will file Form MA-T during the period January 1, 2014 through 
December 31, 2014. Commission staff estimates that each of the 
approximately 100 new municipal advisors will spend an average of 2.5 
hours preparing each Form MA-T. Therefore the estimated total reporting 
burden associated with completing Form MA-T is 250 hours. Additionally, 
Commission staff estimates that approximately 1,150 municipal advisors 
currently registered with the Commission and the estimated 100 new 
municipal advisors will amend (or withdraw) their Form MA-T once during 
the period from January 1, 2014 through December 31, 2014, and that it 
will take approximately 30 minutes to amend (or withdraw) their form, 
which means the total burden associated with amending Form MA-T is 625 
hours. Therefore, the total annual burden associated with completing 
and amending Form MA-T is 875 hours.
    The Commission believes that some municipal advisors will seek 
outside counsel to help them comply with the requirements of Rule 
15Ba2-6T and Form MA-T, and assumes that 100 municipal advisors will 
consult outside counsel for one hour for this purpose. The Commission 
estimates the total cost for these 100 municipal advisors to hire 
outside counsel to review their compliance with the requirements of

[[Page 77175]]

Rule 15Ba2-6T and Form MA-T to be approximately $37,900.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be 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.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.
    Please direct your written comments to: Thomas Bayer, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or send an email 
to: PRA_Mailbox@sec.gov.

    Dated: December 16, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-30273 Filed 12-19-13; 8:45 am]
BILLING CODE 8011-01-P