Proposed Collection; Comment Request, 4597-4598 [2015-01512]

Download as PDF Federal Register / Vol. 80, No. 18 / Wednesday, January 28, 2015 / Notices • Chief Financial Officer’s update • Committee Chairman’s closing remarks POSTAL SERVICE Product Change—Priority Mail and First-Class Package Service Negotiated Service Agreement Wednesday, February 4, 2015 Audit and Oversight Committee Postal ServiceTM. ACTION: Notice. AGENCY: Closed Session: 8:30–9:15 a.m. • Committee Chairman’s opening remarks • Approval of November 2014 closed meeting and December 2014 closed teleconference minutes • NSF relocation update • Discussion of scope of work for proposed external review of issues pertaining to cooperative agreements • Chairman’s closing remarks Committee on Science & Engineering Indicators (SEI) Open Session: 9:15–10 a.m. • Chairman’s introduction • Approval of the November 2014 meeting minutes and the January 2015 teleconference minutes • Update on Science and Engineering Indicators 2016 production • Discussion of the companion report to Indicators 2014 • Update on opportunities for outreach and engagement for the Indicators suite of products and beyond • Chairman’s closing remarks The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule’s Competitive Products List. DATES: Effective date: January 28, 2015. FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202–268–3179. SUPPLEMENTARY INFORMATION: The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on January 22, 2015, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to Add Priority Mail & First-Class Package Service Contract 2 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2015–24, CP2015–32. SUMMARY: Stanley F. Mires, Attorney, Federal Requirements. [FR Doc. 2015–01501 Filed 1–27–15; 8:45 am] Plenary BILLING CODE 7710–12–P Executive Closed Session: 10:15–10:45 a.m. • Approval of executive closed session minutes, November 2014 • Approval of Vannevar Bush award recommendation • Approval of Alan T. Waterman award recommendation • Chairman’s remarks SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Plenary Board Meeting Closed Session: 10:45– 11:45 a.m. • Approval of closed session minutes, November 2014 • Discussion of risks to NSF • Closed committee reports • Chairman’s remarks Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE., Washington, DC 20549–2736. Extension: Rule 23c–1, OMB Control No. 3235–0260, SEC File No. 270–253. mstockstill on DSK4VPTVN1PROD with NOTICES Plenary Board Meeting Open Session: 1:15–3 p.m. • Approval of open session minutes, November 2014 • Chairman’s report • Director’s report • Open committee reports • Chairman’s remarks Meeting Adjourns: 3 p.m. Ann Bushmiller, Senior Counsel to the National Science Board. [FR Doc. 2015–01695 Filed 1–26–15; 4:15 pm] BILLING CODE 7555–01–P VerDate Sep<11>2014 16:41 Jan 27, 2015 Jkt 235001 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. Rule 23c–1(a) under the Investment Company Act (17 CFR 270.23c–1(a)) permits a closed-end fund to repurchase its securities for cash if, in addition to the other requirements set forth in the rule, the following conditions are met: PO 00000 Frm 00069 Fmt 4703 Sfmt 4703 4597 (i) Payment of the purchase price is accompanied or preceded by a written confirmation of the purchase (‘‘written confirmation’’); (ii) the asset coverage per unit of the security to be purchased is disclosed to the seller or his agent (‘‘asset coverage disclosure’’); and (iii) if the security is a stock, the fund has, within the preceding six months, informed stockholders of its intention to purchase stock (‘‘six month notice’’). Commission staff estimates that 78 closed-end funds undertake a total of 702 repurchases annually under rule 23c–1.1 Staff estimates further that, with respect to each repurchase, each fund spends 2.5 hours to comply with the rule’s written confirmation, asset coverage disclosure and six month notice requirements. Thus, Commission staff estimates the total annual respondent reporting burden is 1755 hours.2 Commission staff further estimates that the cost of the hourly burden per repurchase is $295 (one half hour of a compliance attorney’s time at $334 per hour,3 and two hours of clerical time at $64 per hour 4). The total annual cost for all funds is estimated to be $207,090.5 In addition, the fund must file with the Commission a copy of any written solicitation to purchase securities given by or on behalf of the fund to 10 or more persons. The copy must be filed as an exhibit to Form N–CSR (17 CFR 249.331 and 274.128).6 The burden associated 1 The number of closed-end funds that undertake repurchases annually under rule 23c–1 is based on information provided in response to Item 9 of Form N–CSR from December 30, 2013 through December 30, 2014. Although 112 closed-end funds made disclosures regarding ‘‘publicly announced’’ repurchase plans in response to Item 9, not all repurchases are made pursuant to rule 23c–1. We estimate that approximately 30% of such closedend funds have not made repurchases pursuant to rule 23c–1. Therefore, our estimate does not include all 112 funds that made disclosures of publicly announced repurchases under Item 9, but only a subset thereof. 2 This estimate is based on the following calculation: 702 repurchases x 2.5 hours per repurchase = 1755 hours. 3 The $334/hour figure for a compliance attorney is from SIFMA’s Management & Professional Earnings in the Securities Industry 2013, modified by Commission staff to account for an 1800-hour work-year and multiplied by 5.35 to account for bonuses, firm size, employee benefits and overhead. 4 The $64/hour figure for a compliance clerk is from SIFMA’s Office Salaries in the Securities Industry 2013, modified by Commission staff to account for an 1800-hour work-year and multiplied by 2.93 to account for bonuses, firm size, employee benefits and overhead. 5 This estimate is based on the following calculation: 702 repurchases x $295 per repurchase = $207,090. 6 In addition, Item 9 of Form N–CSR requires closed-end funds to disclose information similar to the information that was required in Form N–23C– 1, which was discontinued in 2004. E:\FR\FM\28JAN1.SGM 28JAN1 4598 Federal Register / Vol. 80, No. 18 / Wednesday, January 28, 2015 / Notices with filing Form N–CSR is addressed in the submission related to that form. 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 and forms. 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 has practical utility; (b) the accuracy of the Commission’s estimate of the burden of the 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. Please direct your written comments to Pamela Dyson, Acting 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: January 22, 2015. Brent Fields, Secretary. [FR Doc. 2015–01512 Filed 1–27–15; 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 FOIA Services, Washington, DC 20549–2736. mstockstill on DSK4VPTVN1PROD with NOTICES Extension: Rule 17Ac2–1, SEC File No. 270–95, OMB Control No. 3235–0084. 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 (‘‘OMB’’) a request for approval of extension of the existing collection of information provided for in Rule 17Ac2–1 (17 CFR 240.17Ac2–1) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (‘‘Exchange Act’’). VerDate Sep<11>2014 16:41 Jan 27, 2015 Jkt 235001 Rule 17Ac2–1, pursuant to Section 17A(c) of the Exchange Act, generally requires transfer agents for whom the Commission is the transfer agent’s Appropriate Regulatory Agency (‘‘ARA’’), to file an application for registration with the Commission on Form TA–1 and to amend their registrations under certain circumstances. Specifically, Rule 17Ac2–1 requires transfer agents to file a Form TA–1 application for registration with the Commission where the Commission is their ARA. Such transfer agents must also amend their Form TA–1 if the existing information on their Form TA– 1 becomes inaccurate, misleading, or incomplete within 60 days following the date the information became inaccurate, misleading or incomplete. Registration filings on Form TA–1 and amendments thereto must be filed with the Commission electronically, absent an exemption, on EDGAR pursuant to Regulation S–T (17 CFR 232). The Commission annually receives approximately 174 filings on Form TA– 1 from transfer agents required to register as such with the Commission. Included in this figure are approximately 164 amendments made annually by transfer agents to their Form TA–1 as required by Rule 17Ac2– 1(c) to address information that has become inaccurate, misleading, or incomplete and approximately 10 new applications by transfer agents for registration on Form TA–1 as required by Rule 17Ac2–1(a). Based on past submissions, the staff estimates that on average approximately twelve hours are required for initial completion of Form TA–1 and that on average one and onehalf hours are required for an amendment to Form TA–1 by each such firm. Thus, the subtotal burden for new applications for registration filed on Form TA–1 each year is 120 hours (12 hours times 10 filers) and the subtotal burden for amendments to Form TA–1 filed each year is 246 hours (1.5 hours times 164 filers). The cumulative total is 366 burden hours per year (120 hours plus 246 hours). 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: 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 PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 Office Building, Washington, DC 20503 or by sending an email to: Shagufta_ Ahmed@omb.eop.gov; and (ii) Pamela Dyson, Acting Director/Chief Information Officer, Securities and Exchange Commission, c/o Remi PavlikSimon, 100 F Street NE., Washington, DC 20549, or by sending an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: January 22, 2015. Brent J. Fields, Secretary. [FR Doc. 2015–01511 Filed 1–27–15; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–74111; File No. SR–BYX– 2015–05] Self-Regulatory Organizations; BATS Y-Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Pilot Period for BATS Y-Exchange, Inc.’s Retail Price Improvement (‘‘RPI’’) Program for 12 Months, To Expire on January 31, 2016 January 22, 2015. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on January 16, 2015, BATS Y-Exchange, Inc. (the ‘‘Exchange’’ or ‘‘BYX’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Exchange has designated this proposal as a ‘‘noncontroversial’’ proposed rule change pursuant to Section 19(b)(3)(A) of the Act 3 and Rule 19b–4(f)(6)(iii) thereunder,4 which renders it effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of the Substance of the Proposed Rule Change The Exchange filed a proposal to extend the pilot period for the Exchange’s Retail Price Improvement (‘‘RPI’’) Program (the ‘‘Program’’), which is currently set to expire on January 31, 2015, for 12 months, to expire on January 31, 2016. 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A). 4 17 CFR 240.19b–4(f)(6)(iii). 2 17 E:\FR\FM\28JAN1.SGM 28JAN1

Agencies

[Federal Register Volume 80, Number 18 (Wednesday, January 28, 2015)]
[Notices]
[Pages 4597-4598]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-01512]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

    Upon Written Request, Copies Available From: Securities and 
Exchange Commission, Office of FOIA Services, 100 F Street NE., 
Washington, DC 20549-2736.

Extension:
    Rule 23c-1, OMB Control No. 3235-0260, SEC File No. 270-253.

    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.
    Rule 23c-1(a) under the Investment Company Act (17 CFR 270.23c-
1(a)) permits a closed-end fund to repurchase its securities for cash 
if, in addition to the other requirements set forth in the rule, the 
following conditions are met: (i) Payment of the purchase price is 
accompanied or preceded by a written confirmation of the purchase 
(``written confirmation''); (ii) the asset coverage per unit of the 
security to be purchased is disclosed to the seller or his agent 
(``asset coverage disclosure''); and (iii) if the security is a stock, 
the fund has, within the preceding six months, informed stockholders of 
its intention to purchase stock (``six month notice''). Commission 
staff estimates that 78 closed-end funds undertake a total of 702 
repurchases annually under rule 23c-1.\1\ Staff estimates further that, 
with respect to each repurchase, each fund spends 2.5 hours to comply 
with the rule's written confirmation, asset coverage disclosure and six 
month notice requirements. Thus, Commission staff estimates the total 
annual respondent reporting burden is 1755 hours.\2\ Commission staff 
further estimates that the cost of the hourly burden per repurchase is 
$295 (one half hour of a compliance attorney's time at $334 per 
hour,\3\ and two hours of clerical time at $64 per hour \4\). The total 
annual cost for all funds is estimated to be $207,090.\5\
---------------------------------------------------------------------------

    \1\ The number of closed-end funds that undertake repurchases 
annually under rule 23c-1 is based on information provided in 
response to Item 9 of Form N-CSR from December 30, 2013 through 
December 30, 2014. Although 112 closed-end funds made disclosures 
regarding ``publicly announced'' repurchase plans in response to 
Item 9, not all repurchases are made pursuant to rule 23c-1. We 
estimate that approximately 30% of such closed-end funds have not 
made repurchases pursuant to rule 23c-1. Therefore, our estimate 
does not include all 112 funds that made disclosures of publicly 
announced repurchases under Item 9, but only a subset thereof.
    \2\ This estimate is based on the following calculation: 702 
repurchases x 2.5 hours per repurchase = 1755 hours.
    \3\ The $334/hour figure for a compliance attorney is from 
SIFMA's Management & Professional Earnings in the Securities 
Industry 2013, modified by Commission staff to account for an 1800-
hour work-year and multiplied by 5.35 to account for bonuses, firm 
size, employee benefits and overhead.
    \4\ The $64/hour figure for a compliance clerk is from SIFMA's 
Office Salaries in the Securities Industry 2013, modified by 
Commission staff to account for an 1800-hour work-year and 
multiplied by 2.93 to account for bonuses, firm size, employee 
benefits and overhead.
    \5\ This estimate is based on the following calculation: 702 
repurchases x $295 per repurchase = $207,090.
---------------------------------------------------------------------------

    In addition, the fund must file with the Commission a copy of any 
written solicitation to purchase securities given by or on behalf of 
the fund to 10 or more persons. The copy must be filed as an exhibit to 
Form N-CSR (17 CFR 249.331 and 274.128).\6\ The burden associated

[[Page 4598]]

with filing Form N-CSR is addressed in the submission related to that 
form.
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    \6\ In addition, Item 9 of Form N-CSR requires closed-end funds 
to disclose information similar to the information that was required 
in Form N-23C-1, which was discontinued in 2004.
---------------------------------------------------------------------------

    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 and forms.
    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 has practical 
utility; (b) the accuracy of the Commission's estimate of the burden of 
the 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.
    Please direct your written comments to Pamela Dyson, Acting 
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: January 22, 2015.
 Brent Fields,
 Secretary.
[FR Doc. 2015-01512 Filed 1-27-15; 8:45 am]
BILLING CODE 8011-01-P
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