Temporary Emergency Committee of the Board of Governors; Sunshine Act Meeting, 60754 [2016-21244]

Download as PDF 60754 Federal Register / Vol. 81, No. 171 / Friday, September 2, 2016 / Notices Dated: August 31, 2016. Denise L. McGovern, Policy Coordinator, Office of the Secretary. [FR Doc. 2016–21304 Filed 8–31–16; 4:15 pm] BILLING CODE 7590–01–P POSTAL SERVICE Temporary Emergency Committee of the Board of Governors; Sunshine Act Meeting Thursday, September 15, 2016, at 10:00 a.m. PLACE: Las Vegas, Nevada. STATUS: Closed. MATTERS TO BE CONSIDERED: DATES AND TIMES: Thursday, September 15, 2016, at 10:00 a.m. 1. Strategic Issues. 2. Financial Matters. 3. Personnel Matters and Compensation Issues. 4. Executive Session—Discussion of prior agenda items and Board governance. GENERAL COUNSEL CERTIFICATION: The General Counsel of the United States Postal Service has certified that the meeting may be closed under the Government in the Sunshine Act. CONTACT PERSON FOR MORE INFORMATION: Julie S. Moore, Secretary of the Board, U.S. Postal Service, 475 L’Enfant Plaza SW., Washington, DC 20260–1000. Telephone: (202) 268–4800. Julie S. Moore, Secretary. [FR Doc. 2016–21244 Filed 8–31–16; 11:15 am] BILLING CODE 7710–12–P SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. mstockstill on DSK3G9T082PROD with NOTICES Extension: Rule 17a–6, SEC File No. 270–506, OMB Control No. 3235–0564. Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501), the Securities and Exchange Commission (the ‘‘Commission’’) is soliciting comments on the collections of information summarized below. The Commission plans to submit these existing collections of information to the Office VerDate Sep<11>2014 18:25 Sep 01, 2016 Jkt 238001 of Management and Budget (‘‘OMB’’) for extension and approval. Section 17(a) of the Investment Company Act of 1940 (the ‘‘Act’’) generally prohibits affiliated persons of a registered investment company (‘‘fund’’) from borrowing money or other property from, or selling or buying securities or other property to or from, the fund or any company that the fund controls.1 Rule 17a–6 (17 CFR 270.17a– 6) permits a fund and a ‘‘portfolio affiliate’’ (a company that is an affiliated person of the fund because the fund controls the company, or holds five percent or more of the company’s outstanding voting securities) to engage in principal transactions that would otherwise be prohibited under section 17(a) of the Act under certain conditions. A fund may not rely on the exemption in the rule to enter into a principal transaction with a portfolio affiliate if certain prohibited participants (e.g., directors, officers, employees, or investment advisers of the fund) have a financial interest in a party to the transaction. Rule 17a–6 specifies certain interests that are not ‘‘financial interests,’’ including any interest that the fund’s board of directors (including a majority of the directors who are not interested persons of the fund) finds to be not material. A board making this finding is required to record the basis for the finding in its meeting minutes. This recordkeeping requirement is a collection of information under the Paperwork Reduction Act of 1995 (‘‘PRA’’).2 The rule is designed to permit transactions between funds and their portfolio affiliates in circumstances in which it is unlikely that the affiliate would be in a position to take advantage of the fund. In determining whether a financial interest is ‘‘material,’’ the board of the fund should consider whether the nature and extent of the interest in the transaction is sufficiently small that a reasonable person would not believe that the interest affected the determination of whether to enter into the transaction or arrangement or the terms of the transaction or arrangement. The information collection requirements in rule 17a–6 are intended to ensure that Commission staff can review, in the course of its compliance and examination functions, the basis for a board of director’s finding that the financial interest of an otherwise prohibited participant in a party to a transaction with a portfolio affiliate is not material. 1 15 2 44 PO 00000 Fmt 4703 Dated: August 29, 2016. Robert W. Errett, Deputy Secretary. [FR Doc. 2016–21136 Filed 9–1–16; 8:45 am] U.S.C. 80a–17(a). U.S.C. 3501. Frm 00086 Based on staff discussions with fund representatives, we estimate that funds currently do not rely on the exemption from the term ‘‘financial interest’’ with respect to any interest that the fund’s board of directors (including a majority of the directors who are not interested persons of the fund) finds to be not material. Accordingly, we estimate that annually there will be no principal transactions under rule 17a–6 that will result in a collection of information. The Commission requests authorization to maintain an inventory of one burden hour to ease future renewals of rule 17a–6’s collection of information analysis should funds rely on this exemption to the term ‘‘financial interest’’ as defined in rule 17a–6. The estimate of burden hours is made solely for the purposes of the Paperwork Reduction Act. The estimate is not derived from a comprehensive or even a representative survey or study of the costs of Commission rules. Complying with this collection of information requirement is necessary to obtain the benefit of relying on rule 17a–6. 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. Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper 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 of 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. Please direct your written comments to 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. BILLING CODE 8011–01–P Sfmt 9990 E:\FR\FM\02SEN1.SGM 02SEN1

Agencies

[Federal Register Volume 81, Number 171 (Friday, September 2, 2016)]
[Notices]
[Page 60754]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-21244]


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POSTAL SERVICE


Temporary Emergency Committee of the Board of Governors; Sunshine 
Act Meeting

DATES AND TIMES:  Thursday, September 15, 2016, at 10:00 a.m.

PLACE:  Las Vegas, Nevada.

STATUS:  Closed.

MATTERS TO BE CONSIDERED: 

Thursday, September 15, 2016, at 10:00 a.m.

    1. Strategic Issues.
    2. Financial Matters.
    3. Personnel Matters and Compensation Issues.
    4. Executive Session--Discussion of prior agenda items and Board 
governance.

GENERAL COUNSEL CERTIFICATION:  The General Counsel of the United 
States Postal Service has certified that the meeting may be closed 
under the Government in the Sunshine Act.

CONTACT PERSON FOR MORE INFORMATION:  Julie S. Moore, Secretary of the 
Board, U.S. Postal Service, 475 L'Enfant Plaza SW., Washington, DC 
20260-1000. Telephone: (202) 268-4800.

Julie S. Moore,
Secretary.
[FR Doc. 2016-21244 Filed 8-31-16; 11:15 am]
 BILLING CODE 7710-12-P
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