Submission for OMB Review; Comment Request, 4985-4986 [2014-01816]
Download as PDF
<![CDATA[
Federal Register / Vol. 79, No. 20 / Thursday, January 30, 2014 / Notices
possibility that the schedule for ACRS
meetings may be adjusted by the
Chairman as necessary to facilitate the
conduct of the meeting, persons
planning to attend should check with
the DFO if such rescheduling would
result in a major inconvenience.
If attending this meeting, please enter
through the One White Flint North
building, 11555 Rockville Pike,
Rockville, MD. After registering with
security, please contact Mr. Theron
Brown (240–888–9835) to be escorted to
the meeting room.
Dated: January 23, 2014.
Cayetano Santos,
Chief, Technical Support Branch, Advisory
Committee on Reactor Safeguards.
York Avenue NW., Suite 200,
Washington, DC 20268–0001, at 202–
789–6820 (for agenda-related inquiries)
and Shoshana M. Grove, Secretary of the
Commission, at 202–789–6800 or
shoshana.grove@prc.gov (for inquiries
related to meeting location, changes in
date or time of the meeting, access for
handicapped or disabled persons, the
audiocast, or similar matters). The
Commission’s Web site may also
provide information on changes in the
date or time of the meeting.
By direction of the Commission.
Shoshana M. Grove,
Secretary.
[FR Doc. 2014–02085 Filed 1–28–14; 4:15 pm]
BILLING CODE 7710–FW–P
[FR Doc. 2014–01878 Filed 1–29–14; 8:45 am]
BILLING CODE 7590–01–P
SECURITIES AND EXCHANGE
COMMISSION
POSTAL REGULATORY COMMISSION
Sunshine Act Meetings
Wednesday, February 12,
2014, at 11 a.m.
PLACE: Commission Hearing Room, 901
New York Avenue NW., Suite 200,
Washington, DC 20268–0001.
STATUS: Part of this meeting will be
open to the public. The rest of the
meeting will be closed to the public.
The open session will be audiocast. The
audiocast may be accessed via the
Commission’s Web site at https://
www.prc.gov. A period for public
comment will be offered following
consideration of the last numbered item
in the open portion.
MATTERS TO BE CONSIDERED: The agenda
for the Commission’s February 12, 2014
meeting includes the items identified
below.
PORTIONS OPEN TO THE PUBLIC:
1. Report from the Chairman on the
publication of the Annual Report and
the status of the Annual Compliance
Determination.
2. Report from the Office of Public
Affairs and Government Relations on
legislative activities and the handling of
rate and service inquiries from the
public.
3. Report from the Office of General
Counsel on the status of Commission
dockets.
4. Report from the Office of
Accountability and Compliance.
5. Report from the Office of the
Secretary and Administration.
PORTION CLOSED TO THE PUBLIC:
6. Discussion of pending litigation.
CONTACT PERSON FOR MORE INFORMATION:
Brian Corcoran, Acting General Counsel,
Postal Regulatory Commission, 901 New
mstockstill on DSK4VPTVN1PROD with NOTICES
TIME AND DATE:
VerDate Mar<15>2010
18:24 Jan 29, 2014
Jkt 232001
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 206(4)–6; OMB Control No. 3235–
0571, SEC File No. 270–513.
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
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
The title for the collection of
information is ‘‘Rule 206(4)–6’’ under
the Investment Advisers Act of 1940 (15
U.S.C. 80b–1 et seq.) (‘‘Advisers Act’’)
and the collection has been approved
under OMB Control No. 3235–0571. The
Commission adopted rule 206(4)–6 (17
CFR 275.206(4)–6), the proxy voting
rule, to address an investment adviser’s
fiduciary obligation to clients who have
given the adviser authority to vote their
securities. Under the rule, an
investment adviser that exercises voting
authority over client securities is
required to: (i) Adopt and implement
policies and procedures that are
reasonably designed to ensure that the
adviser votes securities in the best
interest of clients, including procedures
to address any material conflict that
may arise between the interest of the
adviser and the client; (ii) disclose to
clients how they may obtain
information on how the adviser has
voted with respect to their securities;
PO 00000
Frm 00122
Fmt 4703
Sfmt 4703
4985
and (iii) describe to clients the adviser’s
proxy voting policies and procedures
and, on request, furnish a copy of the
policies and procedures to the
requesting client. The rule is designed
to assure that advisers that vote proxies
for their clients vote those proxies in
their clients’ best interest and provide
clients with information about how
their proxies were voted.
Rule 206(4)–6 contains ‘‘collection of
information’’ requirements within the
meaning of the Paperwork Reduction
Act. 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 collection is
mandatory and responses to the
disclosure requirement are not kept
confidential.
The respondents are investment
advisers registered with the Commission
that vote proxies with respect to clients’
securities. Advisory clients of these
investment advisers use the information
required by the rule to assess
investment advisers’ proxy voting
policies and procedures and to monitor
the advisers’ performance of their proxy
voting activities. The information
required by Rule 206(4)–6 also is used
by the Commission staff in its
examination and oversight program.
Without the information collected under
the rule, advisory clients would not
have information they need to assess the
adviser’s services and monitor the
adviser’s handling of their accounts, and
the Commission would be less efficient
and effective in its programs.
The estimated number of investment
advisers subject to the collection of
information requirements under the rule
is 9,650. It is estimated that each of
these advisers is required to spend on
average 10 hours annually documenting
its proxy voting procedures under the
requirements of the rule, for a total
burden of 96,500 hours. We further
estimate that on average, approximately
139 clients of each adviser would
request copies of the underlying policies
and procedures. We estimate that it
would take these advisers 0.1 hours per
client to deliver copies of the policies
and procedures, for a total burden of
134,135 hours. Accordingly, we
estimate that rule 206(4)–6 results in an
annual aggregate burden of collection
for SEC-registered investment advisers
of a total of 230,635 hours.
Records related to an adviser’s proxy
voting policies and procedures and
proxy voting history are separately
required under the Advisers Act
recordkeeping rule 204–2 (17 CFR
275.204–2). The standard retention
period required for books and records
E:\FR\FM\30JAN1.SGM
30JAN1
4986
Federal Register / Vol. 79, No. 20 / Thursday, January 30, 2014 / Notices
under rule 204–2 is five years, in an
easily accessible place, the first two
years in an appropriate office of the
investment adviser. OMB has previously
approved the collection with this
retention period.
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, 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.
Comments must be submitted to OMB
within 30 days of this notice.
Dated: January 24, 2014.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–01816 Filed 1–29–14; 8:45 am]
BILLING CODE 8011–01–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.
mstockstill on DSK4VPTVN1PROD with NOTICES
Extension:
Rule 18f–1 and Form N–18f–1; OMB
Control No. 3235–0211, SEC File No.
270–187.
18:24 Jan 29, 2014
Jkt 232001
Dated: January 24, 2014.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–01815 Filed 1–29–14; 8:45 am]
BILLING CODE 8011–01–P
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501–3520), the Securities
and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
Rule 18f–1 (17 CFR 270.18f–1)
enables a registered open-end
management investment company
(‘‘fund’’) that may redeem its securities
in-kind, by making a one-time election,
to commit to make cash redemptions
pursuant to certain requirements
without violating section 18(f) of the
Investment Company Act of 1940 (15
U.S.C. 80a–18(f)). A fund relying on the
rule must file Form N–18F–1 (17 CFR
274.51) to notify the Commission of this
VerDate Mar<15>2010
election. The Commission staff
estimates that 26 funds file Form N–
18F–1 annually, and that each response
takes one hour. Based on these
estimates, the total annual burden hours
associated with the rule is estimated to
be 26 hours.
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act, and is not
derived from a comprehensive or even
a representative survey or study of the
costs of Commission rules. The
collection of information required by
rule 18f–1 is necessary to obtain the
benefits of the rule. Responses to the
collection of information will not be
kept confidential. 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 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, 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.
Comments must be submitted to OMB
within 30 days of this notice.
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
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 17a–2,
SEC File No. 270–189 OMB Control No.
3235–0201.
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’’) has submitted to the
Office of Management and Budget
PO 00000
Frm 00123
Fmt 4703
Sfmt 4703
(‘‘OMB’’) a request for approval of
extension of the previously approved
collection of information provided for in
Rule 17a–2 (17 CFR 240.17a–2), under
the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.).
Rule 17a–2 requires underwriters to
maintain information regarding
stabilizing activities conducted in
accordance with Rule 104 of Regulation
M. The collections of information under
Regulation M and Rule 17a–2 are
necessary for covered persons to obtain
certain benefits or to comply with
certain requirements. The collections of
information are necessary to provide the
Commission with information regarding
syndicate covering transactions and
penalty bids. The Commission may
review this information during periodic
examinations or with respect to
investigations. Except for the
information required to be kept under
Rule 104(i) (17 CFR 242.104(i)) and Rule
17a–2(c), none of the information
required to be collected or disclosed for
PRA purposes will be kept confidential.
The recordkeeping requirement of Rule
17a–2 requires the information be
maintained in a separate file, or in a
separately retrievable format, for a
period of three years, the first two years
in an easily accessible place, consistent
with the requirements of Exchange Act
Rule 17a–4(f) (17 CFR 240.17a–4(f)).
There are approximately 795
respondents per year that require an
aggregate total of 3,975 hours to comply
with this rule. Each respondent makes
an estimated 1 annual response. Each
response takes approximately 5 hours to
complete. Thus, the total compliance
burden per year is 3,975 burden hours.
The total internal compliance cost for
the respondents is approximately
$250,425.00, resulting in a cost of
compliance for each respondent per
response of approximately $315.00 (i.e.,
$250,425.00/795 responses).
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.
The public may view background
documentation for this information
collection at the following Web site:
https://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,
E:\FR\FM\30JAN1.SGM
30JAN1
]]>Agencies
[Federal Register Volume 79, Number 20 (Thursday, January 30, 2014)]
[Notices]
[Pages 4985-4986]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-01816]
=======================================================================
-----------------------------------------------------------------------
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 206(4)-6; OMB Control No. 3235-0571, SEC File No. 270-513.
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
(``OMB'') a request for extension of the previously approved collection
of information discussed below.
The title for the collection of information is ``Rule 206(4)-6''
under the Investment Advisers Act of 1940 (15 U.S.C. 80b-1 et seq.)
(``Advisers Act'') and the collection has been approved under OMB
Control No. 3235-0571. The Commission adopted rule 206(4)-6 (17 CFR
275.206(4)-6), the proxy voting rule, to address an investment
adviser's fiduciary obligation to clients who have given the adviser
authority to vote their securities. Under the rule, an investment
adviser that exercises voting authority over client securities is
required to: (i) Adopt and implement policies and procedures that are
reasonably designed to ensure that the adviser votes securities in the
best interest of clients, including procedures to address any material
conflict that may arise between the interest of the adviser and the
client; (ii) disclose to clients how they may obtain information on how
the adviser has voted with respect to their securities; and (iii)
describe to clients the adviser's proxy voting policies and procedures
and, on request, furnish a copy of the policies and procedures to the
requesting client. The rule is designed to assure that advisers that
vote proxies for their clients vote those proxies in their clients'
best interest and provide clients with information about how their
proxies were voted.
Rule 206(4)-6 contains ``collection of information'' requirements
within the meaning of the Paperwork Reduction Act. 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 collection is mandatory and responses to the disclosure
requirement are not kept confidential.
The respondents are investment advisers registered with the
Commission that vote proxies with respect to clients' securities.
Advisory clients of these investment advisers use the information
required by the rule to assess investment advisers' proxy voting
policies and procedures and to monitor the advisers' performance of
their proxy voting activities. The information required by Rule 206(4)-
6 also is used by the Commission staff in its examination and oversight
program. Without the information collected under the rule, advisory
clients would not have information they need to assess the adviser's
services and monitor the adviser's handling of their accounts, and the
Commission would be less efficient and effective in its programs.
The estimated number of investment advisers subject to the
collection of information requirements under the rule is 9,650. It is
estimated that each of these advisers is required to spend on average
10 hours annually documenting its proxy voting procedures under the
requirements of the rule, for a total burden of 96,500 hours. We
further estimate that on average, approximately 139 clients of each
adviser would request copies of the underlying policies and procedures.
We estimate that it would take these advisers 0.1 hours per client to
deliver copies of the policies and procedures, for a total burden of
134,135 hours. Accordingly, we estimate that rule 206(4)-6 results in
an annual aggregate burden of collection for SEC-registered investment
advisers of a total of 230,635 hours.
Records related to an adviser's proxy voting policies and
procedures and proxy voting history are separately required under the
Advisers Act recordkeeping rule 204-2 (17 CFR 275.204-2). The standard
retention period required for books and records
[[Page 4986]]
under rule 204-2 is five years, in an easily accessible place, the
first two years in an appropriate office of the investment adviser. OMB
has previously approved the collection with this retention period.
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, 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.
Comments must be submitted to OMB within 30 days of this notice.
Dated: January 24, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-01816 Filed 1-29-14; 8:45 am]
BILLING CODE 8011-01-P
