MassMutual Premiere Funds, et al.; Notice of Application, 6904-6905 [2016-02489]
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Federal Register / Vol. 81, No. 26 / Tuesday, February 9, 2016 / Notices
be met and the documentation required
for a person to request reinstatement.
Analysis
Agency: Retirement Operations,
Retirement Services, Office of Personnel
Management.
Title: Annuitant’s Report of Earned
Income.
OMB Number: 3206–0034.
Frequency: On occasion.
Affected Public: Individuals or
Households.
Number of Respondents: 21,000.
Estimated Time per Respondent: 35
minutes.
Total Burden Hours: 12,250.
U.S. Office of Personnel Management.
Beth F. Cobert,
Acting Director.
[FR Doc. 2016–02615 Filed 2–8–16; 8:45 am]
BILLING CODE 6325–38–P
OFFICE OF PERSONNEL
MANAGEMENT
Submission for Review: 3206–0228,
CSRS/FERS Documentation in Support
of Disability Retirement Application,
SF 3112
U.S. Office of Personnel
Management.
ACTION: 30-Day notice and request for
comments.
AGENCY:
The Retirement Services,
Office of Personnel Management (OPM)
offers the general public and other
Federal agencies the opportunity to
comment on an extension, without
change, of a currently approved
information collection request (ICR)
3206–0228, CSRS/FERS Documentation
in Support of Disability Retirement
Application, SF 3112. As required by
the Paperwork Reduction Act of 1995
(Pub. L. 104–13, 44 U.S.C. chapter 35)
as amended by the Clinger-Cohen Act
(Pub. L. 104–106), OPM is soliciting
comments for this collection. This
information collection was previously
published in the Federal Register on
October 14, 2015 at Volume 80 FR
61852 allowing for a 60-day public
comment period. No comments were
received for this information collection.
The purpose of this notice is to allow an
additional 30 days for public comments.
The Office of Management and Budget
is particularly interested in comments
that evaluate whether the proposed
collection of information is necessary
for the proper performance of functions
of the agency, including whether the
information will have practical utility;
evaluate the accuracy of the agency’s
estimate of the burden of the proposed
mstockstill on DSK4VPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:54 Feb 08, 2016
Jkt 238001
collection of information, including the
validity of the methodology and
assumptions used; enhance the quality,
utility, and clarity of the information to
be collected; and minimize the burden
of the collection of information on those
who are to respond, including through
the use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submissions
of responses.
DATES: Comments are encouraged and
will be accepted until March 10, 2016.
This process is conducted in accordance
with 5 CFR 1320.1.
ADDRESSES: Interested persons are
invited to submit written comments on
the proposed information collection to
the Office of Information and Regulatory
Affairs, Office of Management and
Budget, 725 17th Street NW.,
Washington, DC 20503, Attention: Desk
Officer for the Office of Personnel
Management or sent via electronic mail
to oira_submission@omb.eop.gov or
faxed to (202) 395–6974.
FOR FURTHER INFORMATION CONTACT: A
copy of this ICR, with applicable
supporting documentation, may be
obtained by contacting the Office of
Information and Regulatory Affairs,
Office of Management and Budget, 725
17th Street NW., Washington, DC 20503,
Attention: Desk Officer for the Office of
Personnel Management or sent via
electronic mail to oira_submission@
omb.eop.gov or faxed to (202) 395–6974.
SUPPLEMENTARY INFORMATION: SF 3112
collects information from applicants for
disability retirement so that OPM can
determine whether to approve a
disability retirement. The applicant will
only complete Standard Forms 3112A
and 3112C. Standard Forms 3112B,
3112D and 3112E will be completed by
the immediate supervisor and the
employing agency of the applicant.
Analysis
Agency: Retirement Operations,
Retirement Services, Office of Personnel
Management.
Title: CSRS/FERS Documentation in
Support of Disability Retirement
Application.
OMB Number: 3206–0228.
Frequency: On occasion.
Affected Public: Individuals or
households.
Number of Respondents: SF 3112A =
1,350; SF 3112C = 12,100.
Estimated Time per Respondent: SF
3112A = 30 minutes; SF 3112C = 60
minutes.
Total Burden Hours: 12,775.
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U.S. Office of Personnel Management.
Beth F. Cobert,
Acting Director.
[FR Doc. 2016–02613 Filed 2–8–16; 8:45 am]
BILLING CODE 6325–38–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
31982; 812–14376]
MassMutual Premiere Funds, et al.;
Notice of Application
February 3, 2016.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: 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, as well as from
certain disclosure requirements in rule
20a–1 under the Act, Item 19(a)(3) of
Form N–1A, Items 22(c)(1)(ii),
22(c)(1)(iii), 22(c)(8) and 22(c)(9) of
Schedule 14A under the Securities
Exchange Act of 1934, and Sections 6–
07(2)(a), (b), and (c) of Regulation S–X
(‘‘Disclosure Requirements’’). The
requested exemption would permit an
investment adviser to hire and replace
certain sub-advisers without
shareholder approval and grant relief
from the Disclosure Requirements as
they relate to fees paid to the subadvisers. The order would also
supersede a prior order.1
AGENCY:
Applicants: MassMutual Premier
Funds, MassMutual Select Funds, MML
Series Investment Fund, and MML
Series Investment Fund II, (each, a
‘‘Trust,’’ and collectively, the ‘‘Trusts’’),
each a Massachusetts business trust
registered under the Act as an open-end
management investment company with
multiple series (each a ‘‘Series’’), and
MML Investment Advisers, LLC, a
Delaware limited liability company
registered as an investment adviser
under the Investment Advisers Act of
1940 (the ‘‘Manager,’’ and collectively
with the Trusts, the ‘‘Applicants’’).
Filing Dates: The application was
filed October 17, 2014, and amended on
March 9, 2015, June 15, 2015 and
October 13, 2015.
Hearing or Notification of Hearing: An
order granting the application will be
issued unless the Commission orders a
1 MassMutual Institutional Funds et al.,
Investment Company Act Release Nos. 25211
(October 16, 2001) (notice), 25260 (November 9,
2001) (order), amended by MassMutual Institutional
Funds et al., Investment Company Release Nos.
25665 (July 17, 2002) (notice) and 25699 (August
13, 2002) (order).
E:\FR\FM\09FEN1.SGM
09FEN1
Federal Register / Vol. 81, No. 26 / Tuesday, February 9, 2016 / Notices
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 February 26, 2016, and
should be accompanied by proof of
service on the applicants, in the form of
an affidavit or, for lawyers, a certificate
of service. Pursuant to rule 0–5 under
the Act, hearing requests should state
the nature of the writer’s interest, any
facts bearing upon the desirability of a
hearing on the matter, 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 Street
NE., Washington, DC 20549–1090.
Applicants: 14376, M243, Enfield, CT
06082.
FOR FURTHER INFORMATION CONTACT:
Bruce MacNeil, Senior Counsel, at (202)
551–6817, or James M. Curtis, Branch
Chief, at (202) 551–6712 (Division of
Investment Management, Chief
Counsel’s Office).
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 an applicant using the
Company name box, at https://
www.sec.gov/search/search.htm or by
calling (202) 551–8090.
mstockstill on DSK4VPTVN1PROD with NOTICES
Summary of the Application
1. The Manager will serve as the
investment adviser to each Subadvised
Series pursuant to an investment
advisory agreement with each Trust
(each, an ‘‘Investment Management
Agreement,’’ and collectively, the
‘‘Investment Management
Agreements’’).2 The Manager will
provide the Subadvised Series with
continuous and comprehensive
investment management services subject
to the supervision of, and policies
established by, each Subadvised Series’
2 Applicants request relief with respect to the
named Applicants, any future Series of the Trusts
and any other existing or future registered open-end
management company or series thereof that intends
to rely on the requested order in the future and that:
(a) is advised by the Manager or by any entity
controlling, controlled by, or under common
control with the Manager or its successor (included
in the term ‘‘Manager’’); (b) uses the multi-manager
structure described in the application; and (c)
complies with the terms and conditions of the
application (any such series, a ‘‘Subadvised
Series’’). 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 business organization.
VerDate Sep<11>2014
17:54 Feb 08, 2016
Jkt 238001
board of directors (‘‘Board’’). The
Management Agreements permit the
Manager, subject to the approval of the
Board, to delegate to one or more SubAdvisers the responsibility to provide
the day-to-day portfolio investment
management of each Subadvised Series,
subject to the supervision and direction
of the Manager.3 The primary
responsibility for managing the
Subadvised Series will remain vested in
the Manager. The Manager will hire,
evaluate, allocate assets to and oversee
the Sub-Advisers, including
determining whether a Sub-Adviser
should be terminated, at all times
subject to the authority of the Board.
2. Applicants request an exemption to
permit the Manager, subject to Board
approval, to hire a Non-Affiliated SubAdviser or a Wholly-Owned SubAdviser, pursuant to Sub-Advisory
Agreements and materially amend SubAdvisory Agreements with NonAffiliated Sub-Advisers and WhollyOwned Sub-Advisers without obtaining
the shareholder approval required under
section 15(a) of the Act and rule 18f–2
under the Act.4 Applicants also seek an
exemption from the Disclosure
Requirements to permit a Subadvised
Series to disclose (as both a dollar
amount and a percentage of the
Subadvised Series’ net assets): (a) The
aggregate fees paid to the Manager and
any Wholly-Owned Sub-Advisers; (b)
the aggregate fees paid to Non-Affiliated
Sub-Advisers, and (c) the fee paid to
each Affiliated Sub-Adviser.
3. Applicants agree that any order
granting the requested relief will be
subject to the terms and conditions
stated in the Application. Such terms
and conditions provide for, among other
safeguards, appropriate disclosure to
Subadvised Series’ shareholders and
notification about sub-advisory changes
3 A ‘‘Sub-Adviser’’ for a Series is (1) an indirect
or direct ‘‘wholly owned subsidiary’’ (as such term
is defined in the Act) of the Manager for that Series,
or (2) a sister company of the Manager for that
Series that is an indirect or direct ‘‘wholly-owned
subsidiary’’ (as such term is defined in the Act) of
the same company that, indirectly or directly,
wholly owns the Manager (each of (1) and (2) a
‘‘Wholly-Owned Sub Adviser’’ and collectively, the
‘‘Wholly-Owned Sub-Advisers’’), or (3) an
investment sub-adviser for that Series that is not an
‘‘affiliated person’’ (as such term is defined in
Section 2(a)(3) of the Act) of the Series or the
Adviser, except to the extent that an affiliation
arises solely because the sub-Adviser serves as a
sub-adviser to one or more Series (each a ‘‘NonAffiliated Sub-Adviser’’ and collectively, the ‘‘NonAffiliated Sub-Advisers’’) .
4 The requested relief will not extend to any subadviser, other than a Wholly-Owned Sub-Adviser,
who is an affiliated person, as defined in section
2(a)(3) of the Act, of the Subadvised Series or the
Manager, other than by reason of serving as a subadviser to one or more of the Subadvised Series
(‘‘Affiliated Sub-Adviser’’).
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6905
and enhanced Board oversight to protect
the interests of the Subadvised Series’
shareholders.
4. Section 6(c) of the Act provides that
the Commission may exempt any
person, security, or transaction or any
class or classes of persons, securities, or
transactions from any provisions of the
Act, or any rule thereunder, if such
relief is necessary or appropriate in the
public interest and consistent with the
protection of investors and purposes
fairly intended by the policy and
provisions of the Act. Applicants
believe that the requested relief meets
this standard because, as further
explained in the Application, the
Investment Management Agreements
will remain subject to shareholder
approval, while the role of the SubAdvisers is substantially equivalent to
that of individual portfolio managers, so
that requiring shareholder approval of
Sub-Advisory Agreements would
impose unnecessary delays and
expenses on the Subadvised Series.
Applicants believe that the requested
relief from the Disclosure Requirements
meets this standard because it will
improve the Manager’s ability to
negotiate fees paid to the Sub-Advisers
that are more advantageous for the
Subadvised Series.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–02489 Filed 2–8–16; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
31980; 812–14433]
Medallion Financial Corp.; Notice of
Application
February 3, 2016.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of an application for an
order under section 6(c) of the
Investment Company Act of 1940 (the
‘‘Act’’) for an exemption from sections
23(a), 23(b) and 63 of the Act, and under
sections 57(a)(4) and 57(i) of the Act and
rule 17d–1 under the Act permitting
certain joint transactions otherwise
prohibited by section 57(a)(4) of the Act.
AGENCY:
Summary of the Application:
Applicant, Medallion Financial Corp.
(the ‘‘Company’’), requests an order to
permit it to issue restricted shares of its
common stock to its officers and
SUMMARY:
E:\FR\FM\09FEN1.SGM
09FEN1
]]>Agencies
[Federal Register Volume 81, Number 26 (Tuesday, February 9, 2016)]
[Notices]
[Pages 6904-6905]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-02489]
=======================================================================
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 31982; 812-14376]
MassMutual Premiere Funds, et al.; Notice of Application
February 3, 2016.
AGENCY: Securities and Exchange Commission (``Commission'').
ACTION: 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, as well as from certain
disclosure requirements in rule 20a-1 under the Act, Item 19(a)(3) of
Form N-1A, Items 22(c)(1)(ii), 22(c)(1)(iii), 22(c)(8) and 22(c)(9) of
Schedule 14A under the Securities Exchange Act of 1934, and Sections 6-
07(2)(a), (b), and (c) of Regulation S-X (``Disclosure Requirements'').
The requested exemption would permit an investment adviser to hire and
replace certain sub-advisers without shareholder approval and grant
relief from the Disclosure Requirements as they relate to fees paid to
the sub-advisers. The order would also supersede a prior order.\1\
-----------------------------------------------------------------------
---------------------------------------------------------------------------
\1\ MassMutual Institutional Funds et al., Investment Company
Act Release Nos. 25211 (October 16, 2001) (notice), 25260 (November
9, 2001) (order), amended by MassMutual Institutional Funds et al.,
Investment Company Release Nos. 25665 (July 17, 2002) (notice) and
25699 (August 13, 2002) (order).
---------------------------------------------------------------------------
Applicants: MassMutual Premier Funds, MassMutual Select Funds, MML
Series Investment Fund, and MML Series Investment Fund II, (each, a
``Trust,'' and collectively, the ``Trusts''), each a Massachusetts
business trust registered under the Act as an open-end management
investment company with multiple series (each a ``Series''), and MML
Investment Advisers, LLC, a Delaware limited liability company
registered as an investment adviser under the Investment Advisers Act
of 1940 (the ``Manager,'' and collectively with the Trusts, the
``Applicants'').
Filing Dates: The application was filed October 17, 2014, and
amended on March 9, 2015, June 15, 2015 and October 13, 2015.
Hearing or Notification of Hearing: An order granting the
application will be issued unless the Commission orders a
[[Page 6905]]
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 February 26, 2016, and should be
accompanied by proof of service on the applicants, in the form of an
affidavit or, for lawyers, a certificate of service. Pursuant to rule
0-5 under the Act, hearing requests should state the nature of the
writer's interest, any facts bearing upon the desirability of a hearing
on the matter, 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
Street NE., Washington, DC 20549-1090. Applicants: 14376, M243,
Enfield, CT 06082.
FOR FURTHER INFORMATION CONTACT: Bruce MacNeil, Senior Counsel, at
(202) 551-6817, or James M. Curtis, Branch Chief, at (202) 551-6712
(Division of Investment Management, Chief Counsel's Office).
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 an applicant
using the Company name box, at https://www.sec.gov/search/search.htm or
by calling (202) 551-8090.
Summary of the Application
1. The Manager will serve as the investment adviser to each
Subadvised Series pursuant to an investment advisory agreement with
each Trust (each, an ``Investment Management Agreement,'' and
collectively, the ``Investment Management Agreements'').\2\ The Manager
will provide the Subadvised Series with continuous and comprehensive
investment management services subject to the supervision of, and
policies established by, each Subadvised Series' board of directors
(``Board''). The Management Agreements permit the Manager, subject to
the approval of the Board, to delegate to one or more Sub-Advisers the
responsibility to provide the day-to-day portfolio investment
management of each Subadvised Series, subject to the supervision and
direction of the Manager.\3\ The primary responsibility for managing
the Subadvised Series will remain vested in the Manager. The Manager
will hire, evaluate, allocate assets to and oversee the Sub-Advisers,
including determining whether a Sub-Adviser should be terminated, at
all times subject to the authority of the Board.
---------------------------------------------------------------------------
\2\ Applicants request relief with respect to the named
Applicants, any future Series of the Trusts and any other existing
or future registered open-end management company or series thereof
that intends to rely on the requested order in the future and that:
(a) is advised by the Manager or by any entity controlling,
controlled by, or under common control with the Manager or its
successor (included in the term ``Manager''); (b) uses the multi-
manager structure described in the application; and (c) complies
with the terms and conditions of the application (any such series, a
``Subadvised Series''). 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
business organization.
\3\ A ``Sub-Adviser'' for a Series is (1) an indirect or direct
``wholly owned subsidiary'' (as such term is defined in the Act) of
the Manager for that Series, or (2) a sister company of the Manager
for that Series that is an indirect or direct ``wholly-owned
subsidiary'' (as such term is defined in the Act) of the same
company that, indirectly or directly, wholly owns the Manager (each
of (1) and (2) a ``Wholly-Owned Sub Adviser'' and collectively, the
``Wholly-Owned Sub-Advisers''), or (3) an investment sub-adviser for
that Series that is not an ``affiliated person'' (as such term is
defined in Section 2(a)(3) of the Act) of the Series or the Adviser,
except to the extent that an affiliation arises solely because the
sub-Adviser serves as a sub-adviser to one or more Series (each a
``Non-Affiliated Sub-Adviser'' and collectively, the ``Non-
Affiliated Sub-Advisers'') .
---------------------------------------------------------------------------
2. Applicants request an exemption to permit the Manager, subject
to Board approval, to hire a Non-Affiliated Sub-Adviser or a Wholly-
Owned Sub-Adviser, pursuant to Sub-Advisory Agreements and materially
amend Sub-Advisory Agreements with Non-Affiliated Sub-Advisers and
Wholly-Owned Sub-Advisers without obtaining the shareholder approval
required under section 15(a) of the Act and rule 18f-2 under the
Act.\4\ Applicants also seek an exemption from the Disclosure
Requirements to permit a Subadvised Series to disclose (as both a
dollar amount and a percentage of the Subadvised Series' net assets):
(a) The aggregate fees paid to the Manager and any Wholly-Owned Sub-
Advisers; (b) the aggregate fees paid to Non-Affiliated Sub-Advisers,
and (c) the fee paid to each Affiliated Sub-Adviser.
---------------------------------------------------------------------------
\4\ The requested relief will not extend to any sub-adviser,
other than a Wholly-Owned Sub-Adviser, who is an affiliated person,
as defined in section 2(a)(3) of the Act, of the Subadvised Series
or the Manager, other than by reason of serving as a sub-adviser to
one or more of the Subadvised Series (``Affiliated Sub-Adviser'').
---------------------------------------------------------------------------
3. Applicants agree that any order granting the requested relief
will be subject to the terms and conditions stated in the Application.
Such terms and conditions provide for, among other safeguards,
appropriate disclosure to Subadvised Series' shareholders and
notification about sub-advisory changes and enhanced Board oversight to
protect the interests of the Subadvised Series' shareholders.
4. Section 6(c) of the Act provides that the Commission may exempt
any person, security, or transaction or any class or classes of
persons, securities, or transactions from any provisions of the Act, or
any rule thereunder, if such relief is necessary or appropriate in the
public interest and consistent with the protection of investors and
purposes fairly intended by the policy and provisions of the Act.
Applicants believe that the requested relief meets this standard
because, as further explained in the Application, the Investment
Management Agreements will remain subject to shareholder approval,
while the role of the Sub-Advisers is substantially equivalent to that
of individual portfolio managers, so that requiring shareholder
approval of Sub-Advisory Agreements would impose unnecessary delays and
expenses on the Subadvised Series. Applicants believe that the
requested relief from the Disclosure Requirements meets this standard
because it will improve the Manager's ability to negotiate fees paid to
the Sub-Advisers that are more advantageous for the Subadvised Series.
For the Commission, by the Division of Investment Management,
under delegated authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-02489 Filed 2-8-16; 8:45 am]
BILLING CODE 8011-01-P
