Submission for OMB Review; Comment Request, 28928 [2016-10886]
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28928
Federal Register / Vol. 81, No. 90 / Tuesday, May 10, 2016 / Notices
12. The expenses, if any, associated
with acquiring, holding or disposing of
any securities acquired in a CoInvestment Transaction (including,
without limitation, the expenses of the
distribution of any such securities
registered for sale under the Securities
Act) will, to the extent not payable by
the Advisers under their respective
investment advisory agreements with
Affiliated Funds and the Regulated
Funds, be shared by the Regulated
Funds and the Affiliated Funds in
proportion to the relative amounts of the
securities held or to be acquired or
disposed of, as the case may be.
13. Any transaction fee 12 (including
break-up or commitment fees but
excluding broker’s fees contemplated
section 17(e) or 57(k) of the Act, as
applicable), received in connection with
a Co-Investment Transaction will be
distributed to the participating
Regulated Funds and Affiliated Funds
on a pro rata basis based on the amounts
they invested or committed, as the case
may be, in such Co-Investment
Transaction. If any transaction fee is to
be held by an Adviser pending
consummation of the transaction, the
fee will be deposited into an account
maintained by such Adviser at a bank or
banks having the qualifications
prescribed in section 26(a)(1) of the Act,
and the account will earn a competitive
rate of interest that will also be divided
pro rata among the participating
Regulated Funds and Affiliated Funds
based on the amounts they invest in
such Co-Investment Transaction. None
of the Affiliated Funds, the Advisers,
the other Regulated Funds or any
affiliated person of the Regulated Funds
or Affiliated Funds will receive
additional compensation or
remuneration of any kind as a result of
or in connection with a Co-Investment
Transaction (other than (a) in the case
of the Regulated Funds and the
Affiliated Funds, the pro rata
transaction fees described above and
fees or other compensation described in
condition 2(c)(iii)(C); and (b) in the case
of an Adviser, investment advisory fees
paid in accordance with the agreement
between the Adviser and the Regulated
Fund or Affiliated Fund.
14. If the Holders own in the aggregate
more than 25% of the Shares of a
Regulated Fund, then the Holders will
vote such Shares as directed by an
independent third party when voting on
(1) the election of directors; (2) the
removal of one or more directors; or (3)
12 Applicants are not requesting and the staff is
not providing any relief for transaction fees
received in connection with any Co-Investment
Transaction.
VerDate Sep<11>2014
17:33 May 09, 2016
Jkt 238001
any other matter under either the Act or
applicable State law affecting the
Board’s composition, size or manner of
election.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–10889 Filed 5–9–16; 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,
100 F Street NE., Washington, DC
20549–2736.
Extension:
Rule 19b–4(e) and Form 19b–4(e); SEC File
No. 270–447, OMB Control No. 3235–
0504.
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 approval of
extension of the previously approved
collection of information provided for in
Rule 19b–4(e) (17 CFR 240.19b–4(e))
under the Securities Exchange Act of
1934 (15 U.S.C 78a et seq.) (the ‘‘Act’’).
Rule 19b–4(e) permits a selfregulatory organization (‘‘SRO’’) to list
and trade a new derivative securities
product without submitting a proposed
rule change pursuant to Section 19(b) of
the Act (15 U.S.C. 78s(b)), so long as
such product meets the criteria of Rule
19b–4(e) under the Act. However, in
order for the Commission to maintain an
accurate record of all new derivative
securities products traded on the SROs,
Rule 19b–4(e) requires an SRO to file a
summary form, Form 19b–4(e), to notify
the Commission when the SRO begins
trading a new derivative securities
product that is not required to be
submitted as a proposed rule change to
the Commission. Form 19b–4(e) should
be submitted within five business days
after an SRO begins trading a new
derivative securities product that is not
required to be submitted as a proposed
rule change. In addition, Rule 19b–4(e)
requires an SRO to maintain, on-site, a
copy of Form 19b–4(e) for a prescribed
period of time.
This collection of information is
designed to allow the Commission to
maintain an accurate record of all new
PO 00000
Frm 00111
Fmt 4703
Sfmt 4703
derivative securities products traded on
the SROs that are not deemed to be
proposed rule changes and to determine
whether an SRO has properly availed
itself of the permission granted by Rule
19b–4(e). The Commission reviews SRO
compliance with Rule 19b-4(e) through
its routine inspections of the SROs.
The respondents to the collection of
information are SROs (as defined by the
Act), all of which are national securities
exchanges. As of January, 2016 there are
eighteen entities registered as national
securities exchanges with the
Commission. The Commission receives
an average total of 2,088 responses per
year, which corresponds to an estimated
annual response burden of 2,088 hours.
At an average hourly cost of $64, the
aggregate related internal cost of
compliance with Rule 19b–4(e) is
$133,632 (2,088 burden hours
multiplied by $64/hour).
Compliance with Rule 19b-4(e) is
mandatory. Information received in
response to Rule 19b-4(e) shall not be
kept confidential; the information
collected is public information.
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
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 send an email to: PRA_Mailbox@
sec.gov. Comments must be submitted to
OMB within 30 days of this notice.
Dated: May 4, 2016.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–10886 Filed 5–9–16; 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,
E:\FR\FM\10MYN1.SGM
10MYN1
]]>Agencies
[Federal Register Volume 81, Number 90 (Tuesday, May 10, 2016)]
[Notices]
[Page 28928]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-10886]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; 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 19b-4(e) and Form 19b-4(e); SEC File No. 270-447, OMB
Control No. 3235-0504.
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 approval of extension of the previously
approved collection of information provided for in Rule 19b-4(e) (17
CFR 240.19b-4(e)) under the Securities Exchange Act of 1934 (15 U.S.C
78a et seq.) (the ``Act'').
Rule 19b-4(e) permits a self-regulatory organization (``SRO'') to
list and trade a new derivative securities product without submitting a
proposed rule change pursuant to Section 19(b) of the Act (15 U.S.C.
78s(b)), so long as such product meets the criteria of Rule 19b-4(e)
under the Act. However, in order for the Commission to maintain an
accurate record of all new derivative securities products traded on the
SROs, Rule 19b-4(e) requires an SRO to file a summary form, Form 19b-
4(e), to notify the Commission when the SRO begins trading a new
derivative securities product that is not required to be submitted as a
proposed rule change to the Commission. Form 19b-4(e) should be
submitted within five business days after an SRO begins trading a new
derivative securities product that is not required to be submitted as a
proposed rule change. In addition, Rule 19b-4(e) requires an SRO to
maintain, on-site, a copy of Form 19b-4(e) for a prescribed period of
time.
This collection of information is designed to allow the Commission
to maintain an accurate record of all new derivative securities
products traded on the SROs that are not deemed to be proposed rule
changes and to determine whether an SRO has properly availed itself of
the permission granted by Rule 19b-4(e). The Commission reviews SRO
compliance with Rule 19b-4(e) through its routine inspections of the
SROs.
The respondents to the collection of information are SROs (as
defined by the Act), all of which are national securities exchanges. As
of January, 2016 there are eighteen entities registered as national
securities exchanges with the Commission. The Commission receives an
average total of 2,088 responses per year, which corresponds to an
estimated annual response burden of 2,088 hours. At an average hourly
cost of $64, the aggregate related internal cost of compliance with
Rule 19b-4(e) is $133,632 (2,088 burden hours multiplied by $64/hour).
Compliance with Rule 19b-4(e) is mandatory. Information received in
response to Rule 19b-4(e) shall not be kept confidential; the
information collected is public information.
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 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 send an email
to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30
days of this notice.
Dated: May 4, 2016.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-10886 Filed 5-9-16; 8:45 am]
BILLING CODE 8011-01-P
