Submission for OMB Review; Comment Request, 20409 [2017-08761]

Download as PDF Federal Register / Vol. 82, No. 82 / Monday, May 1, 2017 / Notices 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: Form N–8B–4, SEC File No. 270–180, OMB Control No. 3235–0247. srobinson on DSK5SPTVN1PROD with NOTICES Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) (‘‘PRA’’), the Securities and Exchange Commission (‘‘Commission’’) has submitted to the Office of Management and Budget (‘‘OMB’’) requests for extension of the previously approved collection of information discussed below. Form N–8B–4 (17 CFR 274.14) is the form used by face-amount certificate companies to comply with the filing and disclosure requirements imposed by Section 8(b) of the Investment Company Act of 1940 (15 U.S.C. 80a–8(b)). Among other items, Form N–8B–4 requires disclosure of the following information about the face-amount certificate company: Date and form of organization; controlling persons; current business and contemplated changes to the company’s business; investment, borrowing, and lending policies, as well as other fundamental policies; securities issued by the company; investment adviser; depositaries; management personnel; compensation paid to directors, officers, and certain employees; and financial statements. The Commission uses the information provided in the collection of information to determine compliance with Section 8(b) of the Investment Company Act of 1940. Form N–8B–4 and the burden of compliance have not changed since the last approval. Each registrant files Form N–8B–4 for its initial filing and does not file post-effective amendments to Form N–8B–4.1 Commission staff estimates that no respondents will file Form N– 8B–4 each year. There are currently only four existing face-amount certificate companies, and none have filed a Form N–8B–4 in many years. No new faceamount certificate companies have been 1 Pursuant to Section 30(b)(1) of the Act, each respondent keeps its registration statement current through the filing of periodic reports as required by Section 13 of the Securities Exchange Act of 1934 and the rules thereunder. Post-effective amendments are filed with the Commission on the face-amount certificate company’s Form S–1. Hence, respondents only file Form N–8B–4 for their initial registration statement and not for posteffective amendments. VerDate Sep<11>2014 20:35 Apr 28, 2017 Jkt 241001 established since the last OMB information collection approval for this form, which occurred in 2014. Accordingly, the staff estimates that, each year, no face-amount certificate companies will file Form N–8B–4, and that the total burden for the information collection is zero hours. Although Commission staff estimates that there is no hour burden associated with Form N–8B–4, the staff is requesting a burden of one hour for administrative purposes. Estimates of the burden hours are made solely for the purposes of the PRA and are not derived from a comprehensive or even a representative survey or study of the costs of SEC rules and forms. The information provided on Form N–8B–4 is mandatory. The information provided on Form N–8B–4 will not be kept confidential. 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: April 25, 2017. Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–08761 Filed 4–28–17; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–80522; File No. SR–C2– 2017–009] Self-Regulatory Organizations; C2 Options Exchange, Incorporated; Order Approving a Proposed Rule Change To Amend the Bylaws and Certificate of Incorporation April 25, 2017. I. Introduction On February 22, 2017, C2 Options Exchange, Incorporated (‘‘Exchange’’ or ‘‘C2’’) filed with the Securities and PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 20409 Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to amend its Bylaws 3 and Certificate of Incorporation.4 The Commission published the proposed rule change for comment in the Federal Register on March 13, 2017.5 The Commission received no comments on the proposal. This order approves the proposed rule change. II. Description of the Proposed Rule Change First, the Exchange proposes to amend its Bylaws relating to the Board of Directors (‘‘Board’’) size range. Currently, Section 3.1 of the Bylaws provides that the Board shall consist of not less than 12 and not more than 16 directors. The Exchange proposes to change the Board size range such that the Board shall consist of no less than five directors. The Exchange also proposes to make conforming changes to its Certificate of Incorporation by amending subparagraph (b) of Article Fifth to also provide that the Board shall consist of not less than five directors and to eliminate the current referenced range of 12 to 16 directors.6 Second, the Exchange proposes to eliminate the Exchange-level Compensation Committee. C2 is proposing to delete Section 4.3 of the Bylaws, which provides for the C2 Compensation Committee, and to delete a reference to the C2 Compensation Committee in Section 4.1(a) of the Bylaws (which lists the required Board committees). C2 also proposes to eliminate the reference to the C2 Compensation Committee in Section 5.11 of the Bylaws, which provides that officers are entitled to salaries, compensation or reimbursement as shall be fixed or allowed from time to time by the Board unless otherwise delegated to the Board’s Compensation Committee or to senior management. The Exchange justifies eliminating the C2 Compensation Committee because its functions largely are duplicative of 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Amended and Restated Bylaws of C2 Options Exchange, Incorporated (‘‘Bylaws’’). 4 See Amended and Restated Certificate of Incorporation of C2 Options Exchange, Incorporated (‘‘Certificate of Incorporation’’). 5 See Securities Exchange Act Release No. 80166 (March 7, 2017), 82 FR 13518 (‘‘Notice’’). 6 Id. 2 17 E:\FR\FM\01MYN1.SGM 01MYN1

Agencies

[Federal Register Volume 82, Number 82 (Monday, May 1, 2017)]
[Notices]
[Page 20409]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-08761]



[[Page 20409]]

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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:
    Form N-8B-4, SEC File No. 270-180, OMB Control No. 3235-0247.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and 
Exchange Commission (``Commission'') has submitted to the Office of 
Management and Budget (``OMB'') requests for extension of the 
previously approved collection of information discussed below.
    Form N-8B-4 (17 CFR 274.14) is the form used by face-amount 
certificate companies to comply with the filing and disclosure 
requirements imposed by Section 8(b) of the Investment Company Act of 
1940 (15 U.S.C. 80a-8(b)). Among other items, Form N-8B-4 requires 
disclosure of the following information about the face-amount 
certificate company: Date and form of organization; controlling 
persons; current business and contemplated changes to the company's 
business; investment, borrowing, and lending policies, as well as other 
fundamental policies; securities issued by the company; investment 
adviser; depositaries; management personnel; compensation paid to 
directors, officers, and certain employees; and financial statements. 
The Commission uses the information provided in the collection of 
information to determine compliance with Section 8(b) of the Investment 
Company Act of 1940.
    Form N-8B-4 and the burden of compliance have not changed since the 
last approval. Each registrant files Form N-8B-4 for its initial filing 
and does not file post-effective amendments to Form N-8B-4.\1\ 
Commission staff estimates that no respondents will file Form N-8B-4 
each year. There are currently only four existing face-amount 
certificate companies, and none have filed a Form N-8B-4 in many years. 
No new face-amount certificate companies have been established since 
the last OMB information collection approval for this form, which 
occurred in 2014. Accordingly, the staff estimates that, each year, no 
face-amount certificate companies will file Form N-8B-4, and that the 
total burden for the information collection is zero hours. Although 
Commission staff estimates that there is no hour burden associated with 
Form N-8B-4, the staff is requesting a burden of one hour for 
administrative purposes. Estimates of the burden hours are made solely 
for the purposes of the PRA and are not derived from a comprehensive or 
even a representative survey or study of the costs of SEC rules and 
forms.
---------------------------------------------------------------------------

    \1\ Pursuant to Section 30(b)(1) of the Act, each respondent 
keeps its registration statement current through the filing of 
periodic reports as required by Section 13 of the Securities 
Exchange Act of 1934 and the rules thereunder. Post-effective 
amendments are filed with the Commission on the face-amount 
certificate company's Form S-1. Hence, respondents only file Form N-
8B-4 for their initial registration statement and not for post-
effective amendments.
---------------------------------------------------------------------------

    The information provided on Form N-8B-4 is mandatory. The 
information provided on Form N-8B-4 will not be kept confidential. 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: April 25, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-08761 Filed 4-28-17; 8:45 am]
 BILLING CODE 8011-01-P