Investment Company Act of 1940; Release No. 32242/August 29, 2016; Order Under Sections 26(c) and 17(b) of the Investment Company Act of 1940 (“Act”), 60755 [2016-21134]
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Federal Register / Vol. 81, No. 171 / Friday, September 2, 2016 / Notices
SECURITIES AND EXCHANGE
COMMISSION
Investment Company Act of 1940;
Release No. 32242/August 29, 2016;
Order Under Sections 26(c) and 17(b)
of the Investment Company Act of
1940 (‘‘Act’’)
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In the Matter of:
Allianz Life Insurance Company of North
America
Allianz Life Variable Account A
Allianz Life Variable Account B
Allianz Variable Insurance Products Trust
5701 Golden Hills Dr.
Minneapolis, MN 55416–1297
Allianz Life Insurance Company of New York
Allianz Life of NY Variable Account C
28 Liberty Street, 38th Floor
New York, NY 10005–1423
(812–14580):
Allianz Life Insurance Company of
North America, Allianz Life Variable
Account A, Allianz Life Variable
Account B, Allianz Life Insurance
Company of New York, Allianz Life of
NY Variable Account C (collectively, the
‘‘Section 26 Applicants’’); and Allianz
Variable Insurance Products Trust
(together with the Section 26
Applicants, the ‘‘Section 17
Applicants’’) filed an application on
November 16, 2015, and an amended
and restated application on June 27,
2016. The Section 26 Applicants
requested an order pursuant to section
26(c) of the Act to approve the
substitutions of shares of certain
registered management investment
companies with shares of certain other
registered management investment
companies (‘‘Substitutions’’). The
Section 17 Applicants requested an
order under section 17(b) of the Act
exempting them from section 17(a) of
the Act to the extent necessary to permit
them to engage in certain in-kind
transactions in connection with the
Substitutions.
On August 3, 2016, a notice of the
filing of the application was issued
(Investment Company Act Release No.
32207). The notice gave interested
persons an opportunity to request a
hearing and stated that an order
disposing of the application would be
issued unless a hearing was ordered. No
request for a hearing has been filed, and
the Commission has not ordered a
hearing.
The matter has been considered, and
it is found that the Substitutions are
consistent with the protection of
investors and the purposes fairly
intended by the policy and provisions of
the Act.
It is also found that the terms of the
proposed transactions, including the
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18:25 Sep 01, 2016
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consideration to be paid or received, are
reasonable and fair and do not involve
overreaching on the part of any person
concerned, and that the proposed
transactions are consistent with the
policy of each registered investment
company concerned, as recited in its
registration statement and reports filed
under the Act, and with the general
purposes of the Act.
Accordingly, in the matter of Allianz
Life Insurance Company of North
America, et al. (File No. 812–14580),
It is ordered, under section 26(c) of
the Act, that the proposed Substitutions
are approved, effective immediately,
subject to the conditions contained in
the application, as amended.
It is further ordered, under section
17(b) of the Act, that the requested
exemption from section 17(a) of the Act
is granted, effective immediately,
subject to the conditions contained in
the application, as amended.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–21134 Filed 9–1–16; 8:45 am]
BILLING CODE 8011–01–P
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 12h–1(f), SEC File No. 270–570, OMB
Control No. 3235–0632.
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’’) 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 12h–1(f) (17 CFR 240.12h–1(f))
under the Securities Exchange Act of
1934 (‘‘Exchange Act’’) provides an
exemption from the Exchange Act
Section 12(g) registration requirements
for compensatory employee stock
options of issuers that are not required
to file periodic reports under the
Exchange Act. The information required
under Exchange Act Rule 12h–1 is not
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60755
filed with the Commission. Exchange
Act Rule 12h–1(f) permits issuers to
provide the required information to the
option holders either by: (i) Physical or
electronic delivery of the information;
or (ii) written notice to the option
holders of the availability of the
information on a password-protected
Internet site. We estimate that it takes
approximately 2 burden hours per
response to prepare and provide the
information required under Rule 12h–
1(f) and that the information is prepared
and provided by approximately 40
respondents. We estimate that 25% of
the 2 hours per response (0.5 hours per
response) is prepared by the company
for a total annual reporting burden of 20
hours (0.5 hours per response × 40
responses).
Written comments are invited on: (a)
Whether this proposed collection of
information is necessary for the
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden imposed by 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.
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.
Please direct your written comment to
Pamela Dyson, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 100 F Street NE., Washington,
DC 20549 or send an email to: PRA_
Mailbox@sec.gov.
Dated: August 29, 2016.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–21135 Filed 9–1–16; 8:45 am]
BILLING CODE 8011–01–P
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[Federal Register Volume 81, Number 171 (Friday, September 2, 2016)]
[Notices]
[Page 60755]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-21134]
[[Page 60755]]
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SECURITIES AND EXCHANGE COMMISSION
Investment Company Act of 1940; Release No. 32242/August 29,
2016; Order Under Sections 26(c) and 17(b) of the Investment Company
Act of 1940 (``Act'')
In the Matter of:
Allianz Life Insurance Company of North America
Allianz Life Variable Account A
Allianz Life Variable Account B
Allianz Variable Insurance Products Trust
5701 Golden Hills Dr.
Minneapolis, MN 55416-1297
Allianz Life Insurance Company of New York
Allianz Life of NY Variable Account C
28 Liberty Street, 38th Floor
New York, NY 10005-1423
(812-14580):
Allianz Life Insurance Company of North America, Allianz Life
Variable Account A, Allianz Life Variable Account B, Allianz Life
Insurance Company of New York, Allianz Life of NY Variable Account C
(collectively, the ``Section 26 Applicants''); and Allianz Variable
Insurance Products Trust (together with the Section 26 Applicants, the
``Section 17 Applicants'') filed an application on November 16, 2015,
and an amended and restated application on June 27, 2016. The Section
26 Applicants requested an order pursuant to section 26(c) of the Act
to approve the substitutions of shares of certain registered management
investment companies with shares of certain other registered management
investment companies (``Substitutions''). The Section 17 Applicants
requested an order under section 17(b) of the Act exempting them from
section 17(a) of the Act to the extent necessary to permit them to
engage in certain in-kind transactions in connection with the
Substitutions.
On August 3, 2016, a notice of the filing of the application was
issued (Investment Company Act Release No. 32207). The notice gave
interested persons an opportunity to request a hearing and stated that
an order disposing of the application would be issued unless a hearing
was ordered. No request for a hearing has been filed, and the
Commission has not ordered a hearing.
The matter has been considered, and it is found that the
Substitutions are consistent with the protection of investors and the
purposes fairly intended by the policy and provisions of the Act.
It is also found that the terms of the proposed transactions,
including the consideration to be paid or received, are reasonable and
fair and do not involve overreaching on the part of any person
concerned, and that the proposed transactions are consistent with the
policy of each registered investment company concerned, as recited in
its registration statement and reports filed under the Act, and with
the general purposes of the Act.
Accordingly, in the matter of Allianz Life Insurance Company of
North America, et al. (File No. 812-14580),
It is ordered, under section 26(c) of the Act, that the proposed
Substitutions are approved, effective immediately, subject to the
conditions contained in the application, as amended.
It is further ordered, under section 17(b) of the Act, that the
requested exemption from section 17(a) of the Act is granted, effective
immediately, subject to the conditions contained in the application, as
amended.
For the Commission, by the Division of Investment Management,
under delegated authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-21134 Filed 9-1-16; 8:45 am]
BILLING CODE 8011-01-P
