Submission for OMB Review; Comment Request, 9758-9759 [2015-03670]
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9758
Federal Register / Vol. 80, No. 36 / Tuesday, February 24, 2015 / Notices
Dated at Rockville, Maryland, this 9th day
of February 2015.
For the Nuclear Regulatory Commission.
Jeffrey A. Whited,
Project Manager, Plant Licensing Branch I–
2, Division of Operating Reactor Licensing,
Office of Nuclear Reactor Regulation.
[FR Doc. 2015–03766 Filed 2–23–15; 8:45 am]
BILLING CODE 7590–01–P
Hispanic Council on Federal
Employment
U.S. Office of Personnel
Management.
ACTION: March 3, 2015 Council Meeting.
AGENCY:
The Hispanic Council on
Federal Employment (Council) meeting
will be held on Tuesday, March 3, 2014
at the location shown below at the
following time: 2:00 to 4:00 p.m.
The Council is an advisory committee
composed of representatives from
Hispanic organizations and senior
government officials. Along with its
other responsibilities, the Council shall
advise the Director of the Office of
Personnel Management on matters
involving the recruitment, hiring, and
advancement of Hispanics in the
Federal workforce. The Council is cochaired by the Director of the Office of
Personnel Management and the Chair of
the National Hispanic Leadership
Agenda (NHLA).
The meeting is open to the public.
Please contact the Office of Personnel
Management at the address shown
below if you wish to present material to
the Council at any of the meetings. The
manner and time prescribed for
presentations may be limited,
depending upon the number of parties
that express interest in presenting
information.
Location: U.S. Office of Personnel
Management, 1900 E St. NW., Executive
Conference Room, 5th Floor,
Washington, DC 20415.
FOR FURTHER INFORMATION CONTACT:
Veronica E. Villalobos, Director for the
Office of Diversity and Inclusion, Office
of Personnel Management, 1900 E St.
NW., Suite 5H35, Washington, DC
20415. Phone (202) 606–0020 FAX (202)
606–2183 or email at
veronica.villalobos@opm.gov.
tkelley on DSK3SPTVN1PROD with NOTICES
SUMMARY:
U.S. Office of Personnel Management.
Katherine L. Archuleta,
Director.
[FR Doc. 2015–03775 Filed 2–23–15; 8:45 am]
BILLING CODE 6820–B2–P
17:31 Feb 23, 2015
Submission for OMB Review;
Comment Request
Upon Written Request Copies Available
From: U.S. Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE., Washington, DC
20549–2736.
Extension:
Rule 15c2–12, SEC File No. 270–330, OMB
Control No. 3235–0372.
OFFICE OF PERSONNEL
MANAGEMENT
VerDate Sep<11>2014
SECURITIES AND EXCHANGE
COMMISSION
Jkt 235001
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 15c2–12—
Municipal Securities Disclosure (17 CFR
240.15c2–12) 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 (b) of Rule 15c2–12
requires underwriters of municipal
securities: (1) To obtain and review an
official statement ‘‘deemed final’’ by an
issuer of the securities, except for the
omission of specified information prior
to making a bid, purchase, offer, or sale
of municipal securities; (2) in noncompetitively bid offerings, to send,
upon request, a copy of the most recent
preliminary official statement (if one
exists) to potential customers; (3) to
contract with the issuer to receive,
within a specified time, sufficient
copies of the final official statement to
comply with Rule 15c2–12’s delivery
requirement and the rules of the
Municipal Securities Rulemaking Board
(‘‘MSRB’’); (4) to send, upon request, a
copy of the final official statement to
potential customers for a specified
period of time; and (5) before
purchasing or selling municipal
securities in connection with an
offering, to reasonably determine that
the issuer or the obligated person has
undertaken, in a written agreement or
contract, for the benefit of holders of
such municipal securities, to provide
certain information on a continuing
basis to the MSRB in an electronic
format as prescribed by the MSRB. The
information to be provided consists of:
(1) Certain annual financial and
operating information and audited
financial statements (‘‘annual filings’’);
(2) notices of the occurrence of any of
14 specific events (‘‘event notices’’); and
(3) notices of the failure of an issuer or
obligated person to make a submission
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Frm 00071
Fmt 4703
Sfmt 4703
required by a continuing disclosure
agreement (‘‘failure to file notices’’).
Rule 15c2–12 is intended to enhance
disclosure in the municipal securities
market, and thereby reduce fraud, by
establishing standards for obtaining,
reviewing, and disseminating
information about municipal securities
by their underwriters.
Municipal offerings of less than $1
million are exempt from the rule, as are
offerings of municipal securities issued
in large denominations that are sold to
no more than 35 sophisticated investors
or have short-term maturities.
The Commission previously
published a 60-day notice on this
collection of information (the ‘‘60-day
Notice’’).1 Commission staff has
considered the comments received in
response to the 60-day Notice and is
revising many of the estimates included
in the 60-day Notice. In response to
previous comment solicitations in 2008
and 2009 on the PRA burdens
associated with Rule 15c2–12, the
Commission received either no
comments, or comments that did not
include any quantified alternative
estimates or that did not include any
supporting data. In contrast to those
previous comment solicitations, the
Commission received comment letters
in response to the 60-day Notice that
included comments providing specific
alternative estimates of the PRA burdens
of Rule 15c2–12 and specific data to
support the commenters’ alternative
estimates. Based on the new information
commenters provided in response to the
60-day Notice, Commission staff is
revising many of its hourly burden
estimates. It is now estimated that
approximately 20,000 issuers, 250
broker-dealers, and the MSRB will
spend a total of 621,758 hours per year
complying with Rule 15c2–12. Based on
data from the MSRB through September
2014 and annualized through December
2014, issuers will submit approximately
62,596 annual filings to the MSRB in
2014. Commission staff estimates that
an issuer will require approximately
seven hours to prepare and submit
annual filings to the MSRB. Therefore,
the total annual burden on issuers to
prepare and submit 62,596 annual
filings to the MSRB is estimated to be
438,172 hours. Based on data from the
MSRB through September 2014 and
annualized through December 2014,
issuers will submit approximately
73,480 event notices to the MSRB in
2014. Commission staff estimates that
an issuer will require approximately
two hours to prepare and submit event
1 See SEC File No. 270–330, OMB Control No.
3235–0372, 79 FR 68730.
E:\FR\FM\24FEN1.SGM
24FEN1
tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 36 / Tuesday, February 24, 2015 / Notices
notices to the MSRB. Therefore, the total
annual burden on issuers to prepare and
submit 73,480 event notices to the
MSRB is estimated to be 146,960 hours.
Based on data from the MSRB through
September 2014 and annualized through
December 2014, issuers will submit
approximately 7,063 failure to file
notices to the MSRB in 2014.
Commission staff estimates that an
issuer will require approximately two
hours to prepare and submit failure to
file notices to the MSRB. Therefore, the
total annual burden on issuers to
prepare and submit 7,063 failure to file
notices to the MSRB is estimated to be
14,126 hours. Commission staff
estimates that the total annual burden
on broker-dealers to comply with Rule
15c2–12 is 22,500 hours. Finally,
Commission staff estimates that the
MSRB will incur an annual burden of
12,699 hours to collect, index, store,
retrieve, and make available the
pertinent documents under Rule 15c2–
12.
Based on data provided by the MSRB,
the Commission estimates that up to
65% of issuers may use designated
agents to submit some or all of their
continuing disclosure documents to the
MSRB. The Commission estimates that
the average total annual cost that may be
incurred by issuers that use the services
of a designated agent will be
$9,750,000.2 The Commission estimates
that the MSRB will incur total annual
costs of $10,000 based on the MSRB’s
estimates of the hardware and software
costs for the MSRB’s Electronic
Municipal Market Access (‘‘EMMA’’)
system in the MSRB’s fiscal year 2014.
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 30 days of this
publication.
An agency may not conduct or
sponsor, and a person is not required to
2 20,000 (number of issuers) × .65 (percentage of
issuers that may use designated agents) × $750
(estimated average annual cost for issuer’s use of
designated agent) = $9,750,000.
VerDate Sep<11>2014
17:31 Feb 23, 2015
Jkt 235001
respond to, a collection of information
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
Office Building, Washington, DC 20503,
or by sending an email to: Shagufta_
Ahmed@omb.eop.gov; and (ii) Pamela
Dyson, Director/Chief Information
Officer, Securities and Exchange
Commission, c/o Remi Pavlik-Simon,
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.
February 18, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015–03670 Filed 2–23–15; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–31457; File No. 812–14330]
Eagle Point Credit Company Inc., et al.;
Notice of Application
February 18, 2015.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of application for an
order under section 17(d) of the
Investment Company Act of 1940 (the
‘‘Act’’) and rule 17d–1 under the Act to
permit certain joint transactions
otherwise prohibited by section 17(d) of
the Act and rule 17d–1 under the Act.
AGENCY:
9759
Hearing or Notification of Hearing: An
order granting the requested relief 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 March 16, 2015, and
should be accompanied by proof of
service on 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: Secretary, U.S. Securities
and Exchange Commission, 100 F St.
NE., Washington, DC 20549–1090.
Applicants: 20 Horseneck Lane,
Greenwich, CT 06830.
FOR FURTHER INFORMATION CONTACT:
Vanessa M. Meeks, Senior Counsel, or
Melissa R. Harke, Branch Chief, at (202)
551–6825 (Chief Counsel’s Office,
Division of Investment Management).
SUPPLEMENTARY INFORMATION: 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 for an applicant using the
Company name box, at https://
www.sec.gov/search/search.htm or by
calling (202) 551–8090.
Applicants’ Representations
1. EPCC (formerly Eagle Point Credit
Company LLC) is a Delaware
corporation that is registered as a
closed-end management investment
company under the Act. EPCC’s primary
investment objective is to generate high
current income, with a secondary
objective to generate capital
SUMMARY: Summary of Application:
appreciation. EPCC seeks to achieve its
Applicants request an order to permit
investment objectives by investing
Eagle Point Credit Company Inc. to coprimarily in equity and junior debt
invest in portfolio companies with
tranches of collateralized loan
certain affiliated investment funds.
obligations (‘‘CLOs’’) that are
Applicants: Eagle Point Credit
collateralized by a diverse portfolio
Company Inc. (‘‘EPCC’’), Eagle Point
consisting primarily of below
Credit Management LLC (‘‘EPCM’’),
investment grade U.S. senior secured
Eagle Point Credit Partners LP (‘‘EPCP’’), loans. The board of directors of EPCC is
Eagle Point Credit GP I LP (‘‘General
currently comprised of six directors,
Partner’’), Eagle Point Credit Company
four of whom are not ‘‘interested
Sub LLC (‘‘EPCC Sub’’), Eagle Point
persons,’’ within the meaning of section
Credit Partners Sub Ltd. (‘‘EPCP Sub’’),
2(a)(19) of the Act (the ‘‘Non-Interested
and Eagle Point Credit Partners Sub III
Directors’’), of EPCC.
Ltd. (‘‘EPCP Sub III’’).
2. EPCP is a Cayman Islands
DATES: Filing Dates: The application was exempted limited partnership that
would be an investment company under
filed on July 10, 2014, and amended on
the 1940 Act but for Section 3(c)(7) of
November 20, 2014 and January 30,
the 1940 Act. EPCP’s investment
2015.
PO 00000
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Fmt 4703
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]]>Agencies
[Federal Register Volume 80, Number 36 (Tuesday, February 24, 2015)]
[Notices]
[Pages 9758-9759]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-03670]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon Written Request Copies Available From: U.S. Securities and
Exchange Commission, Office of FOIA Services, 100 F Street NE.,
Washington, DC 20549-2736.
Extension:
Rule 15c2-12, SEC File No. 270-330, OMB Control No. 3235-0372.
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 15c2-12--Municipal
Securities Disclosure (17 CFR 240.15c2-12) 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 (b) of Rule 15c2-12 requires underwriters of municipal
securities: (1) To obtain and review an official statement ``deemed
final'' by an issuer of the securities, except for the omission of
specified information prior to making a bid, purchase, offer, or sale
of municipal securities; (2) in non-competitively bid offerings, to
send, upon request, a copy of the most recent preliminary official
statement (if one exists) to potential customers; (3) to contract with
the issuer to receive, within a specified time, sufficient copies of
the final official statement to comply with Rule 15c2-12's delivery
requirement and the rules of the Municipal Securities Rulemaking Board
(``MSRB''); (4) to send, upon request, a copy of the final official
statement to potential customers for a specified period of time; and
(5) before purchasing or selling municipal securities in connection
with an offering, to reasonably determine that the issuer or the
obligated person has undertaken, in a written agreement or contract,
for the benefit of holders of such municipal securities, to provide
certain information on a continuing basis to the MSRB in an electronic
format as prescribed by the MSRB. The information to be provided
consists of: (1) Certain annual financial and operating information and
audited financial statements (``annual filings''); (2) notices of the
occurrence of any of 14 specific events (``event notices''); and (3)
notices of the failure of an issuer or obligated person to make a
submission required by a continuing disclosure agreement (``failure to
file notices'').
Rule 15c2-12 is intended to enhance disclosure in the municipal
securities market, and thereby reduce fraud, by establishing standards
for obtaining, reviewing, and disseminating information about municipal
securities by their underwriters.
Municipal offerings of less than $1 million are exempt from the
rule, as are offerings of municipal securities issued in large
denominations that are sold to no more than 35 sophisticated investors
or have short-term maturities.
The Commission previously published a 60-day notice on this
collection of information (the ``60-day Notice'').\1\ Commission staff
has considered the comments received in response to the 60-day Notice
and is revising many of the estimates included in the 60-day Notice. In
response to previous comment solicitations in 2008 and 2009 on the PRA
burdens associated with Rule 15c2-12, the Commission received either no
comments, or comments that did not include any quantified alternative
estimates or that did not include any supporting data. In contrast to
those previous comment solicitations, the Commission received comment
letters in response to the 60-day Notice that included comments
providing specific alternative estimates of the PRA burdens of Rule
15c2-12 and specific data to support the commenters' alternative
estimates. Based on the new information commenters provided in response
to the 60-day Notice, Commission staff is revising many of its hourly
burden estimates. It is now estimated that approximately 20,000
issuers, 250 broker-dealers, and the MSRB will spend a total of 621,758
hours per year complying with Rule 15c2-12. Based on data from the MSRB
through September 2014 and annualized through December 2014, issuers
will submit approximately 62,596 annual filings to the MSRB in 2014.
Commission staff estimates that an issuer will require approximately
seven hours to prepare and submit annual filings to the MSRB.
Therefore, the total annual burden on issuers to prepare and submit
62,596 annual filings to the MSRB is estimated to be 438,172 hours.
Based on data from the MSRB through September 2014 and annualized
through December 2014, issuers will submit approximately 73,480 event
notices to the MSRB in 2014. Commission staff estimates that an issuer
will require approximately two hours to prepare and submit event
[[Page 9759]]
notices to the MSRB. Therefore, the total annual burden on issuers to
prepare and submit 73,480 event notices to the MSRB is estimated to be
146,960 hours. Based on data from the MSRB through September 2014 and
annualized through December 2014, issuers will submit approximately
7,063 failure to file notices to the MSRB in 2014. Commission staff
estimates that an issuer will require approximately two hours to
prepare and submit failure to file notices to the MSRB. Therefore, the
total annual burden on issuers to prepare and submit 7,063 failure to
file notices to the MSRB is estimated to be 14,126 hours. Commission
staff estimates that the total annual burden on broker-dealers to
comply with Rule 15c2-12 is 22,500 hours. Finally, Commission staff
estimates that the MSRB will incur an annual burden of 12,699 hours to
collect, index, store, retrieve, and make available the pertinent
documents under Rule 15c2-12.
---------------------------------------------------------------------------
\1\ See SEC File No. 270-330, OMB Control No. 3235-0372, 79 FR
68730.
---------------------------------------------------------------------------
Based on data provided by the MSRB, the Commission estimates that
up to 65% of issuers may use designated agents to submit some or all of
their continuing disclosure documents to the MSRB. The Commission
estimates that the average total annual cost that may be incurred by
issuers that use the services of a designated agent will be
$9,750,000.\2\ The Commission estimates that the MSRB will incur total
annual costs of $10,000 based on the MSRB's estimates of the hardware
and software costs for the MSRB's Electronic Municipal Market Access
(``EMMA'') system in the MSRB's fiscal year 2014.
---------------------------------------------------------------------------
\2\ 20,000 (number of issuers) x .65 (percentage of issuers that
may use designated agents) x $750 (estimated average annual cost for
issuer's use of designated agent) = $9,750,000.
---------------------------------------------------------------------------
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 30 days of this publication.
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 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) Pamela Dyson, Director/Chief
Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 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.
February 18, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-03670 Filed 2-23-15; 8:45 am]
BILLING CODE 8011-01-P
