Submission for OMB Review; Comment Request, 19984 [2019-09283]
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19984
Federal Register / Vol. 84, No. 88 / Tuesday, May 7, 2019 / Notices
Board, will (i) set the Subadvised
Fund’s overall investment strategies, (ii)
evaluate, select, and recommend
Subadvisers for all or a portion of the
Subadvised Fund’s assets, (iii) allocate
and, when appropriate, reallocate the
Subadvised Fund’s assets among
Subadvisers, (iv) monitor and evaluate
the Subadvisers’ performance, and (v)
implement procedures reasonably
designed to ensure that Subadvisers
comply with the Subadvised Fund’s
investment objective, policies and
restrictions.
4. Subadvised Funds will inform
shareholders of the hiring of a new
Subadviser within 90 days after the
hiring of the new Subadviser pursuant
to the Modified Notice and Access
Procedures.
5. At all times, at least a majority of
the Board will be Independent Trustees,
and the selection and nomination of
new or additional Independent Trustees
will be placed within the discretion of
the then-existing Independent Trustees.
6. Independent Legal Counsel, as
defined in Rule 0–1(a)(6) under the Act,
will be engaged to represent the
Independent Trustees. The selection of
such counsel will be within the
discretion of the then-existing
Independent Trustees.
7. Whenever a Subadviser is hired or
terminated, the Adviser will provide the
Board with information showing the
expected impact on the profitability of
the Adviser.
8. The Board must evaluate any
material conflicts that may be present in
a subadvisory arrangement. Specifically,
whenever a subadviser change is
proposed for a Subadvised Fund
(‘‘Subadviser Change’’) or the Board
considers an existing Subadvisory
Agreement as part of its annual review
process (‘‘Subadviser Review’’):
(a) The Adviser will provide the
Board, to the extent not already being
provided pursuant to section 15(c) of
the Act, with all relevant information
concerning:
(i) Any material interest in the
proposed new Subadviser, in the case of
a Subadviser Change, or the Subadviser
in the case of a Subadviser Review, held
directly or indirectly by the Adviser or
a parent or sister company of the
Adviser, and any material impact the
proposed Subadvisory Agreement may
have on that interest;
(ii) Any arrangement or
understanding in which the Adviser or
any parent or sister company of the
Adviser is a participant that (A) may
have had a material effect on the
proposed Subadviser Change or
Subadviser Review, or (B) may be
materially affected by the proposed
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Subadviser Change or Subadviser
Review;
(iii) Any material interest in a
Subadviser held directly or indirectly by
an officer or Trustee of the Subadvised
Fund, or an officer or board member of
the Adviser (other than through a
pooled investment vehicle not
controlled by such person); and
(iv) Any other information that may
be relevant to the Board in evaluating
any potential material conflicts of
interest in the proposed Subadviser
Change or Subadviser Review.
(b) The Board, including a majority of
the Independent Trustees, will make a
separate finding, reflected in the Board
minutes, that the Subadviser Change or
continuation after Subadviser Review is
in the best interests of the Subadvised
Fund and its shareholders and, based on
the information provided to the Board,
does not involve a conflict of interest
from which the Adviser, a Subadviser,
any officer or Trustee of the Subadvised
Fund, or any officer or board member of
the Adviser derives an inappropriate
advantage.
9. Each Subadvised Fund will
disclose in its registration statement the
Aggregate Fee Disclosure.
10. In the event that the Commission
adopts a rule under the Act providing
substantially similar relief to that in the
order requested in the Application, the
requested order will expire on the
effective date of that rule.
11. Any new Subadvisory Agreement
or any amendment to an existing
Investment Advisory Agreement or
Subadvisory Agreement that directly or
indirectly results in an increase in the
aggregate advisory fee rate payable by
the Subadvised Fund will be submitted
to the Subadvised Fund’s shareholders
for approval.
By the Commission.
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019–09334 Filed 5–6–19; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–658, OMB Control No.
3235–0716]
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
Frm 00086
Dated: May 2, 2019.
Vanessa A. Countryman,
Acting Secretary.
[FR Doc. 2019–09283 Filed 5–6–19; 8:45 am]
Extension:
Form C
PO 00000
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.
Form C (17 CFR 239.900) is used by
issuers offering securities in reliance on
the crowdfunding exemption in Section
4(a)(6) (15 U.S.C. 77d(a)(6)) of the
Securities Act of 1933 (‘‘Securities Act’’)
(15 U.S.C. 77a et seq.) Form C will also
be used by issuers that have completed
transactions in reliance on Section
4(a)(6) to file annual reports or to
provide notice of the termination of
reporting obligations.. The information
collected is intended to create a
framework for the filing and disclosure
requirements of Title III Section 4A of
the Jumpstart Our Business Startups Act
(Pub. L. 112–106, 126 Stat. 306) to
implement the exemption from
Securities Act registration for offerings
made in reliance on Section 4(a)(6).
Form C takes approximately 48.96969
hours per response and is filed by
approximately 5,852 respondents. We
estimate that 75% of the 48.96969 hours
per response (36.72727 hours) is
prepared by the issuer for a total annual
reporting burden of 214,928 hours
(36.72727 hours per response × 5,852
responses).
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 website,
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:
Lindsay.M.Abate@omb.eop.gov; and (ii)
Charles Riddle, Acting Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Candace
Kenner, 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.
BILLING CODE 8011–01–P
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[Federal Register Volume 84, Number 88 (Tuesday, May 7, 2019)]
[Notices]
[Page 19984]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-09283]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-658, OMB Control No. 3235-0716]
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 C
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.
Form C (17 CFR 239.900) is used by issuers offering securities in
reliance on the crowdfunding exemption in Section 4(a)(6) (15 U.S.C.
77d(a)(6)) of the Securities Act of 1933 (``Securities Act'') (15
U.S.C. 77a et seq.) Form C will also be used by issuers that have
completed transactions in reliance on Section 4(a)(6) to file annual
reports or to provide notice of the termination of reporting
obligations.. The information collected is intended to create a
framework for the filing and disclosure requirements of Title III
Section 4A of the Jumpstart Our Business Startups Act (Pub. L. 112-106,
126 Stat. 306) to implement the exemption from Securities Act
registration for offerings made in reliance on Section 4(a)(6). Form C
takes approximately 48.96969 hours per response and is filed by
approximately 5,852 respondents. We estimate that 75% of the 48.96969
hours per response (36.72727 hours) is prepared by the issuer for a
total annual reporting burden of 214,928 hours (36.72727 hours per
response x 5,852 responses).
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 website, 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:
[email protected]; and (ii) Charles Riddle, Acting Director/
Chief Information Officer, Securities and Exchange Commission, c/o
Candace Kenner, 100 F Street NE, Washington, DC 20549 or send an email
to: [email protected]. Comments must be submitted to OMB within 30
days of this notice.
Dated: May 2, 2019.
Vanessa A. Countryman,
Acting Secretary.
[FR Doc. 2019-09283 Filed 5-6-19; 8:45 am]
BILLING CODE 8011-01-P
