Proposed Collection; Comment Request, 73581 [2020-25356]
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Federal Register / Vol. 85, No. 223 / Wednesday, November 18, 2020 / Notices
All submissions should refer to File
Number SR–NYSE–2020–91. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
internet website (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE,
Washington, DC 20549 on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of the
filing also will be available for
inspection and copying at the principal
office of the Exchange. All comments
received will be posted without change.
Persons submitting comments are
cautioned that we do not redact or edit
personal identifying information from
comment submissions. You should
submit only information that you wish
to make available publicly. All
submissions should refer to File
Number SR–NYSE–2020–91, and
should be submitted on or before
December 9, 2020.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.86
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–25389 Filed 11–17–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–316, OMB Control No.
3235–0359]
khammond on DSKJM1Z7X2PROD with NOTICES
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:
Form N–17f–1
86 17
1 This estimate is based on the following
calculation: (1.5 hours × 3 responses annually = 4.5
hours).
CFR 200.30–3(a)(12).
VerDate Sep<11>2014
17:59 Nov 17, 2020
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 (the
‘‘Commission’’) is soliciting comments
on the collections 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.
Form N–17f–1 (17 CFR 274.219) is
entitled ‘‘Certificate of Accounting of
Securities and Similar Investments of a
Management Investment Company in
the Custody of Members of National
Securities Exchanges.’’ The form serves
as a cover sheet to the accountant’s
certificate that is required to be filed
periodically with the Commission
pursuant to rule 17f–1 (17 CFR
270.17f–1) under the Act, entitled
‘‘Custody of Securities with Members of
National Securities Exchanges,’’ which
sets forth the conditions under which a
fund may place its assets in the custody
of a member of a national securities
exchange. Rule 17f–1 requires, among
other things, that an independent public
accountant verify the fund’s assets at the
end of every annual and semi-annual
fiscal period, and at least one other time
during the fiscal year as chosen by the
independent accountant. Requiring an
independent accountant to examine the
fund’s assets in the custody of a member
of a national securities exchange assists
Commission staff in its inspection
program and helps to ensure that the
fund assets are subject to proper
auditing procedures. The accountant’s
certificate stating that it has made an
examination, and describing the nature
and the extent of the examination, must
be attached to Form N–17f–1 and filed
with the Commission promptly after
each examination. The form facilitates
the filing of the accountant’s certificates,
and increases the accessibility of the
certificates to both Commission staff
and interested investors.
Commission staff estimates that it
takes: (i) 1 hour of clerical time to
prepare and file Form N–17f–1; and (ii)
0.5 hour for the fund’s chief compliance
officer to review Form N–17f–1 prior to
filing with the Commission, for a total
of 1.5 hours. Each fund is required to
make 3 filings annually, for a total
annual burden per fund of
approximately 4.5 hours.1 Commission
staff estimates that an average of 6 funds
currently file Form N–17f–1 with the
Commission 3 times each year, for a
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73581
total of 18 responses annually.2 The
total annual hour burden for Form
N–17f–1 is therefore estimated to be
approximately 27 hours.3
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act, and is not
derived from a comprehensive or even
a representative survey or study of the
costs of Commission rules. Compliance
with the collections of information
required by Form N–17f–1 is mandatory
for funds that place their assets in the
custody of a national securities
exchange member. Responses 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 Commission requests written
comments on: (a) Whether the
collections of information are necessary
for the proper performance of the
functions of the Commission, including
whether the information has practical
utility; (b) the accuracy of the
Commission’s estimate of the burdens 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 David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549; or send an email to: PRA_
Mailbox@sec.gov.
Dated: November 12, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–25356 Filed 11–17–20; 8:45 am]
BILLING CODE 8011–01–P
2 This estimate is based on a review of Form N–
17f–1 filings made with the Commission over the
last three years.
3 This estimate is based on the following
calculations: (4.5 hours × 6 funds = 27 total hours).
E:\FR\FM\18NON1.SGM
18NON1
]]>Agencies
[Federal Register Volume 85, Number 223 (Wednesday, November 18, 2020)]
[Notices]
[Page 73581]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-25356]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-316, OMB Control No. 3235-0359]
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:
Form N-17f-1
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 (the ``Commission'') is soliciting comments on the
collections 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.
Form N-17f-1 (17 CFR 274.219) is entitled ``Certificate of
Accounting of Securities and Similar Investments of a Management
Investment Company in the Custody of Members of National Securities
Exchanges.'' The form serves as a cover sheet to the accountant's
certificate that is required to be filed periodically with the
Commission pursuant to rule 17f-1 (17 CFR 270.17f-1) under the Act,
entitled ``Custody of Securities with Members of National Securities
Exchanges,'' which sets forth the conditions under which a fund may
place its assets in the custody of a member of a national securities
exchange. Rule 17f-1 requires, among other things, that an independent
public accountant verify the fund's assets at the end of every annual
and semi-annual fiscal period, and at least one other time during the
fiscal year as chosen by the independent accountant. Requiring an
independent accountant to examine the fund's assets in the custody of a
member of a national securities exchange assists Commission staff in
its inspection program and helps to ensure that the fund assets are
subject to proper auditing procedures. The accountant's certificate
stating that it has made an examination, and describing the nature and
the extent of the examination, must be attached to Form N-17f-1 and
filed with the Commission promptly after each examination. The form
facilitates the filing of the accountant's certificates, and increases
the accessibility of the certificates to both Commission staff and
interested investors.
Commission staff estimates that it takes: (i) 1 hour of clerical
time to prepare and file Form N-17f-1; and (ii) 0.5 hour for the fund's
chief compliance officer to review Form N-17f-1 prior to filing with
the Commission, for a total of 1.5 hours. Each fund is required to make
3 filings annually, for a total annual burden per fund of approximately
4.5 hours.\1\ Commission staff estimates that an average of 6 funds
currently file Form N-17f-1 with the Commission 3 times each year, for
a total of 18 responses annually.\2\ The total annual hour burden for
Form N-17f-1 is therefore estimated to be approximately 27 hours.\3\
---------------------------------------------------------------------------
\1\ This estimate is based on the following calculation: (1.5
hours x 3 responses annually = 4.5 hours).
\2\ This estimate is based on a review of Form N-17f-1 filings
made with the Commission over the last three years.
\3\ This estimate is based on the following calculations: (4.5
hours x 6 funds = 27 total hours).
---------------------------------------------------------------------------
The estimate of average burden hours is made solely for the
purposes of the Paperwork Reduction Act, and is not derived from a
comprehensive or even a representative survey or study of the costs of
Commission rules. Compliance with the collections of information
required by Form N-17f-1 is mandatory for funds that place their assets
in the custody of a national securities exchange member. Responses 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 Commission requests written comments on: (a) Whether the
collections of information are necessary for the proper performance of
the functions of the Commission, including whether the information has
practical utility; (b) the accuracy of the Commission's estimate of the
burdens 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 David Bottom, Director/Chief
Information Officer, Securities and Exchange Commission, C/O Cynthia
Roscoe, 100 F Street NE, Washington, DC 20549; or send an email to:
[email protected].
Dated: November 12, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-25356 Filed 11-17-20; 8:45 am]
BILLING CODE 8011-01-P
