Small Business Investment Company (SBIC) Program: SBA Model Form of Agreement of Limited Partnership for an SBIC Issuing Debentures Only, 22568-22569 [2014-09182]

Download as PDF 22568 Federal Register / Vol. 79, No. 77 / Tuesday, April 22, 2014 / Notices necessary or appropriate in furtherance of the purposes of the Act, as amended.5 BX notes that it operates in a highly competitive market in which market participants can readily favor over 40 different competing exchanges and alternative trading systems if they deem fee levels at a particular venue to be excessive, or rebate opportunities available at other venues to be more favorable. In such an environment, BX must continually adjust its fees to remain competitive with other exchanges and with alternative trading systems that have been exempted from compliance with the statutory standards applicable to exchanges. Because competitors are free to modify their own fees in response, and because market participants may readily adjust their order routing practices, BX believes that the degree to which fee changes in this market may impose any burden on competition is extremely limited. In this instance, the increases with respect to certain orders coupled with the easier to qualify for pricing tier for members active in the Exchange’s cash equities market enhances the Exchange’s competitiveness by reducing fees for some and raising fees modestly for others. Moreover, because there are numerous competitive alternatives to the use of the Exchange, it is likely that BX will lose market share as a result of the changes if they are unattractive to market participants. Accordingly, BX does not believe that the proposed changes will impair the ability of members or competing order execution venues to maintain their competitive standing in the financial markets. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were either solicited or received. tkelley on DSK3SPTVN1PROD with NOTICES III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing change has become effective pursuant to Section 19(b)(3)(A) of the Act 6 and paragraph (f) of Rule 19b–4 7 thereunder. At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of 5 15 U.S.C. 78f(b)(8). U.S.C. 78s(b)(3)(A). 7 17 CFR 240.19b–4(f). 6 15 VerDate Mar<15>2010 16:26 Apr 21, 2014 Jkt 232001 investors, or otherwise in furtherance of the purposes of the Act. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include File Number SR– BX–2014–018 on the subject line. Paper Comments • Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. All submissions should refer to File Number SR–BX–2014–018. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission’s Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR–BX–2014–018 and should be submitted on or before May 13, 2014. PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.8 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2014–09079 Filed 4–21–14; 8:45 am] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION [Docket No: SBA–2014–0004] Small Business Investment Company (SBIC) Program: SBA Model Form of Agreement of Limited Partnership for an SBIC Issuing Debentures Only Small Business Administration. Notice; request for comments on SBA Model Form of Agreement of Limited Partnership for an SBIC Issuing Debentures Only. AGENCY: ACTION: The Small Business Administration (SBA) intends to update the SBA Model Form of Agreement of Limited Partnership for an SBIC Issuing Debentures Only (the Model) to conform its contents to current industry norms and practices while maintaining the regulatory and policy provisions necessary to ensure that the Model remains consistent with SBA’s requirements and to minimize the risk of loss in the SBIC program. The Agency welcomes comments from the public on how to achieve this objective. DATES: This notice is effective April 22, 2014. Comment Date: Comments on the Model must be received on or before June 23, 2014. ADDRESSES: Submit your comments, identified by Docket ID No. SBA–2014– 0004, at www.regulations.gov. Comments may only be submitted at this web address; follow the instructions on the Web site for submitting comments. All comments received will be included in the public docket without change and will be available online at www.regulations.gov. All submissions, including attachments and other supporting materials, will become part of the public record and subject to public disclosure. Sensitive information and information that you consider to be Confidential Business Information or otherwise protected should not be included. Submissions will not be edited to remove any identifying or contact information. FOR FURTHER INFORMATION CONTACT: Renee Gordon, Office of General Counsel, 409 Third Street SW., Washington, DC 20416; (202) 401–2744. SUMMARY: 8 17 E:\FR\FM\22APN1.SGM CFR 200.30–3(a)(12). 22APN1 22569 Federal Register / Vol. 79, No. 77 / Tuesday, April 22, 2014 / Notices The Small Business Investment Company (SBIC) Program is one of the financial assistance programs available through SBA. The SBIC Program was established under the Small Business Investment Act of 1958, as amended. SBICs are privately owned and managed investment funds, licensed and regulated by SBA, that use their own capital plus funds borrowed with an SBA guarantee to make equity and debt investments in qualifying small businesses. The License Application for a Small Business Investment Company (SBA Form 2183) requires an applicant to submit, among other things, its organizational documents. Since the majority of applicants to the SBIC program are formed as limited partnerships, most applicants submit their limited partnership agreement as part of their application. The original version of the Model was developed in 2000 to assist applicants in producing a limited partnership agreement suitable for an SBIC and to facilitate this process by including provisions required by the regulations governing the SBIC Program (13 CFR Part 107) and other SBA policy requirements designed to minimize the risk of loss to SBA in providing financial assistance to SBICs. The SBA Model Form of Agreement of Limited Partnership for an SBIC Issuing Debentures Only is available at https:// www.sba.gov/content/modelpartnership-agreement. To further assist applicants, the required provisions are shown in the Model in bold Arial typeface. Applicants to the SBIC Program are not required to use the Model and are permitted to submit any form of limited partnership agreement; however, those applicants that do not use the Model must either include in their limited partnership agreement the bold Arial typeface provisions from the Model or attach an annex to their limited partnership agreement with the bold Arial typeface provisions from the Model. As a result, for many applicants, the Model provides an efficient tool in SUPPLEMENTARY INFORMATION: preparing a limited partnership agreement. Since the Model was developed in 2000, changes have occurred both in the structure and operation of limited partnerships and in the venture capital industry. SBA is soliciting comments and recommendations from the public on updating the Model and will consider such comments when revising it. The SBA will not issue another notice in the Federal Register but will post the final revised version of the Model on the SBIC Web site at https:// www.sba.gov/category/lendernavigation/sba-loan-programs/sbicprogram-0. Authority: 15 U.S.C. 681. Dated: April 17, 2014. Javier Saade, Associate Administrator for Investment and Innovation. [FR Doc. 2014–09182 Filed 4–21–14; 8:45 am] BILLING CODE 8025–01–P SOCIAL SECURITY ADMINISTRATION Agency Information Collection Activities: Proposed Request and Comment Request The Social Security Administration (SSA) publishes a list of information collection packages requiring clearance by the Office of Management and Budget (OMB) in compliance with Public Law 104–13, the Paperwork Reduction Act of 1995, effective October 1, 1995. This notice includes revisions of OMB-approved information collections. SSA is soliciting comments on the accuracy of the agency’s burden estimate; the need for the information; its practical utility; ways to enhance its quality, utility, and clarity; and ways to minimize burden on respondents, including the use of automated collection techniques or other forms of information technology. Mail, email, or fax your comments and recommendations on the information collection(s) to the OMB Desk Officer and SSA Reports Clearance Officer at the following addresses or fax numbers. (OMB) Office of Management and Budget, Attn: Desk Officer for SSA, Fax: 202–395– 6974, Email address: OIRA_ Submission@omb.eop.gov. (SSA) Social Security Administration, OLCA, Attn: Reports Clearance Director, 3100 West High Rise, 6401 Security Blvd., Baltimore, MD 21235, Fax: 410–966– 2830, Email address: OR.Reports.Clearance@ssa.gov. I. The information collections below are pending at SSA. SSA will submit them to OMB within 60 days from the date of this notice. To be sure we consider your comments, we must receive them no later than June 23, 2014. Individuals can obtain copies of the collection instruments by writing to the above email address. 1. Statement Regarding Contributions—20 CFR 404.360–404.366 and 404.736–0960–0020. SSA uses the SSA–783 to collect information regarding a child’s current sources of support when determining the child’s entitlement to Social Security benefits. We request this information from adults acting on behalf of the child claimants who can provide SSA with any sources of support or substantial contributions for the child. These adults inform the claims representative of these sources and contributions as part of the initial claims process. If the individual capable of providing the information does not accompany the child claimant, we mail the SSA–783 to the individual for completion, or if the person has access to a computer, we will refer them to SSA’s Web site where they can download a copy of the form for completion and submission. The respondents are individuals providing information about a child’s sources of support. Type of Request: Revision of an OMBapproved information collection. Number of respondents Frequency of response Average burden per response (minutes) Estimated total annual burden (hours) SSA–783 .......................................................................................................... tkelley on DSK3SPTVN1PROD with NOTICES Modality of completion 30,000 1 17 8,500 2. Railroad Employment Questionnaire—20CFR 404.1401, 404.1406–404.1408–0960–0078. Railroad workers, their dependents, or their survivors can concurrently apply for railroad retirement and Social VerDate Mar<15>2010 16:26 Apr 21, 2014 Jkt 232001 Security benefits at SSA if the number holder, or claimant on the number holder’s Social Security number, worked in the railroad industry. SSA uses the SSA–671 to coordinate Social Security claims processing with the PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 Railroad Retirement Board and to determine benefit entitlement and amount. The respondents are Social Security benefit applicants previously employed by a railroad or the dependents of railroad workers. E:\FR\FM\22APN1.SGM 22APN1

Agencies

[Federal Register Volume 79, Number 77 (Tuesday, April 22, 2014)]
[Notices]
[Pages 22568-22569]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-09182]


=======================================================================
-----------------------------------------------------------------------

SMALL BUSINESS ADMINISTRATION

[Docket No: SBA-2014-0004]


Small Business Investment Company (SBIC) Program: SBA Model Form 
of Agreement of Limited Partnership for an SBIC Issuing Debentures Only

AGENCY: Small Business Administration.

ACTION: Notice; request for comments on SBA Model Form of Agreement of 
Limited Partnership for an SBIC Issuing Debentures Only.

-----------------------------------------------------------------------

SUMMARY: The Small Business Administration (SBA) intends to update the 
SBA Model Form of Agreement of Limited Partnership for an SBIC Issuing 
Debentures Only (the Model) to conform its contents to current industry 
norms and practices while maintaining the regulatory and policy 
provisions necessary to ensure that the Model remains consistent with 
SBA's requirements and to minimize the risk of loss in the SBIC 
program. The Agency welcomes comments from the public on how to achieve 
this objective.

DATES: This notice is effective April 22, 2014.
    Comment Date: Comments on the Model must be received on or before 
June 23, 2014.

ADDRESSES: Submit your comments, identified by Docket ID No. SBA-2014-
0004, at www.regulations.gov. Comments may only be submitted at this 
web address; follow the instructions on the Web site for submitting 
comments.
    All comments received will be included in the public docket without 
change and will be available online at www.regulations.gov. All 
submissions, including attachments and other supporting materials, will 
become part of the public record and subject to public disclosure. 
Sensitive information and information that you consider to be 
Confidential Business Information or otherwise protected should not be 
included. Submissions will not be edited to remove any identifying or 
contact information.

FOR FURTHER INFORMATION CONTACT: Renee Gordon, Office of General 
Counsel, 409 Third Street SW., Washington, DC 20416; (202) 401-2744.

[[Page 22569]]


SUPPLEMENTARY INFORMATION: The Small Business Investment Company (SBIC) 
Program is one of the financial assistance programs available through 
SBA. The SBIC Program was established under the Small Business 
Investment Act of 1958, as amended. SBICs are privately owned and 
managed investment funds, licensed and regulated by SBA, that use their 
own capital plus funds borrowed with an SBA guarantee to make equity 
and debt investments in qualifying small businesses.
    The License Application for a Small Business Investment Company 
(SBA Form 2183) requires an applicant to submit, among other things, 
its organizational documents. Since the majority of applicants to the 
SBIC program are formed as limited partnerships, most applicants submit 
their limited partnership agreement as part of their application. The 
original version of the Model was developed in 2000 to assist 
applicants in producing a limited partnership agreement suitable for an 
SBIC and to facilitate this process by including provisions required by 
the regulations governing the SBIC Program (13 CFR Part 107) and other 
SBA policy requirements designed to minimize the risk of loss to SBA in 
providing financial assistance to SBICs. The SBA Model Form of 
Agreement of Limited Partnership for an SBIC Issuing Debentures Only is 
available at https://www.sba.gov/content/model-partnership-agreement. To 
further assist applicants, the required provisions are shown in the 
Model in bold Arial typeface. Applicants to the SBIC Program are not 
required to use the Model and are permitted to submit any form of 
limited partnership agreement; however, those applicants that do not 
use the Model must either include in their limited partnership 
agreement the bold Arial typeface provisions from the Model or attach 
an annex to their limited partnership agreement with the bold Arial 
typeface provisions from the Model. As a result, for many applicants, 
the Model provides an efficient tool in preparing a limited partnership 
agreement.
    Since the Model was developed in 2000, changes have occurred both 
in the structure and operation of limited partnerships and in the 
venture capital industry. SBA is soliciting comments and 
recommendations from the public on updating the Model and will consider 
such comments when revising it. The SBA will not issue another notice 
in the Federal Register but will post the final revised version of the 
Model on the SBIC Web site at https://www.sba.gov/category/lender-navigation/sba-loan-programs/sbic-program-0.

    Authority:  15 U.S.C. 681.

    Dated: April 17, 2014.
Javier Saade,
Associate Administrator for Investment and Innovation.
[FR Doc. 2014-09182 Filed 4-21-14; 8:45 am]
BILLING CODE 8025-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.