Submission for OMB Review; Comment Request, 53517 [2016-19183]
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Federal Register / Vol. 81, No. 156 / Friday, August 12, 2016 / Notices
years from the end of the fiscal year in
which any transaction by it under the
InterFund Program occurred, the first
two years in an easily accessible place,
written records of all such transactions
setting forth a description of the terms
of the transaction, including the
amount, the maturity and the InterFund
Loan Rate, the rate of interest available
at the time each InterFund Loan is made
on overnight repurchase agreements and
bank borrowings, and such other
information presented to the Boards of
the Funds in connection with the
review required by conditions 13 and
14.
16. In the event an InterFund Loan is
not paid according to its terms and the
default is not cured within two business
days from its maturity or from the time
the lending Fund makes a demand for
payment under the provisions of the
interfund lending agreement, the
Adviser to the lending Fund promptly
will refer the loan for arbitration to an
independent arbitrator selected by the
Board of any Fund involved in the loan
who will serve as arbitrator of disputes
concerning InterFund Loans.3 The
arbitrator will resolve any problem
promptly, and the arbitrator’s decision
will be binding on both Funds. The
arbitrator will submit, at least annually,
a written report to the Board of each
Fund setting forth a description of the
nature of any dispute and the actions
taken by the Funds to resolve the
dispute.
17. The Advisers will prepare and
submit to the Board for review an initial
report describing the operations of the
InterFund Program and the procedures
to be implemented to ensure that all
Funds are treated fairly. After the
commencement of the InterFund
Program, the Advisers will report on the
operations of the InterFund Program at
each Board’s quarterly meetings. Each
Fund’s chief compliance officer, as
defined in rule 38a–1(a)(4) under the
Act, shall prepare an annual report for
its Board each year that the Fund
participates in the InterFund Program,
that evaluates the Fund’s compliance
with the terms and conditions of the
application and the procedures
established to achieve such compliance.
Each Fund’s chief compliance officer
will also annually file a certification
pursuant to Item 77Q3 of Form N–SAR
as such Form may be revised, amended
or superseded from time to time, for
each year that the Fund participates in
the InterFund Program, that certifies
3 If the dispute involves Funds that do not have
a common Board, the Board of each affected Fund
will select an independent arbitrator that is
satisfactory to each Fund.
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18:42 Aug 11, 2016
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that the Fund and its Adviser have
implemented procedures reasonably
designed to achieve compliance with
the terms and conditions of the order. In
particular, such certification will
address procedures designed to achieve
the following objectives:
(a) That the InterFund Loan Rate will
be higher than the Repo Rate but lower
than the Bank Loan Rate;
(b) compliance with the collateral
requirements as set forth in the
application;
(c) compliance with the percentage
limitations on interfund borrowing and
lending;
(d) allocation of interfund borrowing
and lending demand in an equitable
manner and in accordance with
procedures established by the Board;
and
(e) that the InterFund Loan Rate does
not exceed the interest rate on any third
party borrowings of a borrowing Fund at
the time of the InterFund Loan.
Additionally, each Fund’s
independent registered public
accountants, in connection with their
audit examination of the Fund, will
review the operation of the InterFund
Program for compliance with the
conditions of the application and their
review will form the basis, in part, of
the auditor’s report on internal
accounting controls in Form N–SAR.
18. No Fund will participate in the
InterFund Program, upon receipt of
requisite regulatory approval, unless it
has fully disclosed in its prospectus
and/or statement of additional
information all material facts about its
intended participation.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–19184 Filed 8–11–16; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget this
request for extension of the previously
approved collection of information
discussed below.
Rules 7a–15 through 7a–37 (17 CFR
260.7a–15—260.7a–37) under the Trust
Indenture Act of 1939 (15 U.S.C. 77aaa
et seq.) set forth the general
requirements as to form and content of
applications, statements and reports that
must be filed under the Trust Indenture
Act. The respondents are persons and
entities subject to the requirements of
the Trust Indenture Act. Trust Indenture
Act Rules 7a–15 through 7a–37 are
disclosure guidelines and do not
directly result in any collection of
information. The rules are assigned only
one burden hour for administrative
convenience.
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
control number.
The public may view the 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: August 5, 2016.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–19183 Filed 8–11–16; 8:45 am]
BILLING CODE 8011–01–P
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:
Rules 7a–15 through 7a–37, SEC File No.
270–115, OMB Control No. 3235–0132.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
PO 00000
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[Federal Register Volume 81, Number 156 (Friday, August 12, 2016)]
[Notices]
[Page 53517]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-19183]
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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:
Rules 7a-15 through 7a-37, SEC File No. 270-115, OMB Control No.
3235-0132.
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 this request for extension of the previously approved
collection of information discussed below.
Rules 7a-15 through 7a-37 (17 CFR 260.7a-15--260.7a-37) under the
Trust Indenture Act of 1939 (15 U.S.C. 77aaa et seq.) set forth the
general requirements as to form and content of applications, statements
and reports that must be filed under the Trust Indenture Act. The
respondents are persons and entities subject to the requirements of the
Trust Indenture Act. Trust Indenture Act Rules 7a-15 through 7a-37 are
disclosure guidelines and do not directly result in any collection of
information. The rules are assigned only one burden hour for
administrative convenience.
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 control number.
The public may view the 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: August 5, 2016.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-19183 Filed 8-11-16; 8:45 am]
BILLING CODE 8011-01-P
