Submission for OMB Review; Comment Request, 71682-71683 [2021-27291]

Download as PDF 71682 Federal Register / Vol. 86, No. 240 / Friday, December 17, 2021 / Notices facilitate the meeting, which will be recorded for use by the Interagency Working Group. Participation in a listening session will imply consent to capture participant’s names, voices, and likenesses. Anything said may be recorded and transcribed for use by the Interagency Working Group and publicly released and attributed to specific participants. Moderators will manage the discussion and order of remarks. Individuals unable to attend the listening sessions or who would like to provide more detailed information may submit written comments to the Request for Comment (RFC) on the Orbital Debris Research and Development Plan that was published in the Federal Register [86 FR 61335, November 5, 2021]. Dated: December 14, 2021. Stacy Murphy, Operations Manager. [FR Doc. 2021–27331 Filed 12–16–21; 8:45 am] BILLING CODE 3271–F1–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. EBO 270–291, OMB Control No. 3235–0328] 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 jspears on DSK121TN23PROD with NOTICES1 Extension: Form ID Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) (the ‘‘Paperwork Reduction Act’’), the Securities and Exchange Commission (‘‘Commission’’) has submitted to the Office of Management and Budget a request for extension and revisions of the previously approved collection of information discussed below. Form ID (OMB Control No. 3235– 0328) must be completed and filed with the Commission by all individuals, companies, and other organizations who seek access to file electronically on the Commission’s Electronic Data Gathering, Analysis, and Retrieval system (‘‘EDGAR’’). Those seeking access to file on EDGAR typically include those who are required to make certain disclosures pursuant to the federal securities laws. The information provided on Form ID is an essential part of the security of EDGAR. Form ID is not VerDate Sep<11>2014 17:39 Dec 16, 2021 Jkt 256001 a public document because it is used solely for the purpose of screening applicants and granting access to EDGAR. Form ID must be submitted whenever an applicant seeks an EDGAR identification number (Central Index Key or CIK) and/or access codes to file on EDGAR. The Commission may consider potential technical changes to the EDGAR filer access and filer account management processes (‘‘potential access changes’’) that include the addition of individual user account credentials as well as a filer management tool on EDGAR through which filers would manage their EDGAR accounts. If the potential access changes are implemented, the Commission anticipates that it would adopt amendments to certain Commission rules and forms to reflect the potential access changes, including Form ID. The potential access changes would include a filer designating on Form ID which of its users would act as filer administrator(s) to manage the filer’s EDGAR account, analogous to the contact person listed on Form ID who currently receives access codes. The potential access changes would also include additional data fields on Form ID related to authorized individuals.1 Separately, the Commission may consider potential amendments to Form ID that would result in a more uniform and secure process for EDGAR access by requiring applicants that already have a CIK and no longer have access to EDGAR to apply for access by submitting a new Form ID, rather than by submitting a manual passphrase update request, as they do currently.2 As part of their Form ID application, these applicants would continue to provide additional documentation as currently required by the EDGAR Filer Manual for manual passphrase update requests.3 For purposes of the Paperwork Reduction Act, we currently estimate that there are 48,493 Form ID filings 1 An ‘‘authorized individual’’ for purposes of Form ID notarization process includes, for example, the Chief Executive Officer, Chief Financial Officer, partner, corporate secretary, officer, director, or treasurer of a company filer; or for individual filers, the individual filer or a person with a power of attorney from the individual filer. See EDGAR Filer Manual, Volume I, at Section 3. 2 The manual passphrase update request is submitted by filers who do not possess access codes for their existing EDGAR accounts when the contact email address on their existing account is not accurate. (If the contact email address were accurate, they would be able to receive a security token to allow them to regain access without engaging in the manual passphrase update request process.) 3 See EDGAR Filer Manual, Volume I, at Section 4. See also Adoption of Updated EDGAR Filer Manual, Release No. 33–10948 (Jun. 21, 2021) [86 FR 40308 (Jul. 28, 2021)]. PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 annually and that it takes approximately 0.15 hours per response to prepare for a total of 7,274 annual burden hours. The current burden includes the number of Form ID filings for filers without CIKs (48,089 filings) and filers with CIKs who have not filed electronically on EDGAR (404 filings).4 Filers are responsible for 100% of the total burden hours. If the potential access changes and potential Form ID amendments become effective, for purposes of the Paperwork Reduction Act, we estimate that the number of Form ID filings would increase approximately by 8,836 annually 5 and that the number of hours to prepare Form ID would increase by 0.15 hours. The current approved estimate of the annual number of Form ID filings for filers without CIKs (48,089 filings) and filers with CIKs who have not filed electronically on EDGAR (404 filings) would stay the same. Thus, for purposes of the Paperwork Reduction Act, the estimated total number of annual Form ID filings would increase from 48,493 filings to 57,329 filings.6 The estimate of 0.15 hours per response would increase to 0.30 hours per response. The estimated total annual burden would increase from 7,274 hours to 17,199 hours.7 The estimate includes the number of filers without CIKs, filers with CIKs who have not filed electronically on EDGAR, and filers with CIKs who are seeking to reaccess EDGAR. The estimate that the filers are responsible for 100% of the total burden hours would stay the same. In relation to the potential access changes described above, the Commission may consider amending Form ID to make technical modifications and clarifications. We do not believe that these technical modifications and clarifications to Form ID would make any substantive modifications to any existing collection of information requirements or impose any new substantive recordkeeping or information collection requirements within the meaning of the Paperwork Reduction Act. The estimate of average burden hours is made solely for the purposes of the Paperwork Reduction Act. The estimate is not derived from a comprehensive or 4 48,089 filings for users without CIKs + 404 filings for filers with CIKs who have not yet filed electronically on EDGAR = 48,493 filings. 5 We base this estimate on the average annual number of filings from filers with CIKs who submitted manual passphrase update requests for the past three federal fiscal years. ((6,871 filings per year + 7,978 filings per year + 11,659 filings per year)/3 years) = average of 8,836 filings per year. 6 48,493 filings + 8,836 filings = 57,329 filings. 7 57,329 filings × 0.30 hours/filing = 17,199 hours. E:\FR\FM\17DEN1.SGM 17DEN1 Federal Register / Vol. 86, No. 240 / Friday, December 17, 2021 / Notices 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 Form ID. 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 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: Shagufta_ Ahmed@omb.eop.gov; and (ii) David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/o John R. Pezzullo, 100 F Street NE, Washington, DC 20549, or by sending an email to: PRA_Mailbox@ sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: December 13, 2021. J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2021–27291 Filed 12–16–21; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 34438; File No. 812–15256] Fairway Private Equity & Venture Capital Opportunities Fund, et al. December 13, 2021. Securities and Exchange Commission (‘‘Commission’’). ACTION: Notice. jspears on DSK121TN23PROD with NOTICES1 AGENCY: Notice of application for an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 (the ‘‘Act’’) and rule 17d–1 under the Act to permit certain joint transactions otherwise prohibited by sections 17(d) and 57(a)(4) of the Act and rule 17d–1 under the Act. SUMMARY OF APPLICATION: Applicants request an order to permit a closed-end management investment company to coinvest in portfolio companies with affiliated investment funds. APPLICANTS: Fairway Private Equity & Venture Capital Opportunities Fund (the ‘‘Fund’’), Fairway Capital Management, LLC (‘‘Fairway’’), Fairway VerDate Sep<11>2014 17:39 Dec 16, 2021 Jkt 256001 Venture Capital Fund, L.P. and Fairway US Equity, LP. FILING DATES: The application was filed on August 16, 2021, and amended on November 24, 2021. HEARING OR NOTIFICATION OF HEARING: An order granting the requested relief will be issued unless the Commission orders a hearing. Interested persons may request a hearing by emailing the Commission’s Secretary at SecretarysOffice@sec.gov and serving applicants with a copy of the request, by email. Hearing requests should be received by the Commission by 5:30 p.m. on January 7, 2022, and should be accompanied by proof of service on the applicants, in the form of an affidavit, or for lawyers, a certificate of service. Pursuant to rule 0– 5 under the Act, hearing requests should state the nature of the writer’s interest, any facts bearing upon the desirability of a hearing on the matter, the reason for the request, and the issues contested. Persons who wish to be notified of a hearing may request notification by emailing the Commission’s Secretary at Secretarys-Office@sec.gov. ADDRESSES: The Commission: Secretarys-Office@sec.gov. Applicants: Attn: Kevin T. Callahan, KCallahan@ fairwaycapm.com; Gregory C. Davis, Esq., gregory.davis@ropesgray.com; Nathan D. Somogie, Esq., nathan.somogie@ropesgray.com. FOR FURTHER INFORMATION CONTACT: Deepak T. Pai, Senior Counsel, at (202) 551–6876 or Trace Rakestraw, Branch Chief, at (202) 551–6825 (Division of Investment Management, Chief Counsel’s Office). SUPPLEMENTARY INFORMATION: The following is a summary of the application. The complete application may be obtained via the Commission’s website by searching for the file number, or for an applicant using the Company name box, at https:// www.sec.gov/search/search.htm or by calling (202) 551–8090. Introduction 1. The Applicants request an order of the Commission under sections 17(d) and 57(i) and rule 17d–1 thereunder (the ‘‘Order’’) to permit, subject to the terms and conditions set forth in the application (the ‘‘Conditions’’), a Regulated Fund 1 and one or more other 1 ‘‘Regulated Funds’’ means the Fund and any Future Regulated Funds. ‘‘Future Regulated Fund’’ means a closed-end management investment company (a) that is registered under the Act or has elected to be regulated as a business development company (‘‘BDC’’); (b) whose investment adviser is an Adviser; and (c) that intends to participate in the co-investment program. ‘‘Adviser’’ means Fairway and any other investment adviser that is (i) PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 71683 Regulated Funds and/or one or more Affiliated Funds 2 to enter into CoInvestment Transactions with each other. ‘‘Co-Investment Transaction’’ means any transaction in which one or more Regulated Funds (or its WhollyOwned Investment Sub (as defined below)) participated together with one or more Affiliated Funds and/or one or more other Regulated Funds in reliance on the Order. ‘‘Potential Co-Investment Transaction’’ means any investment opportunity in which a Regulated Fund (or its Wholly-Owned Investment Sub) could not participate together with one or more Affiliated Funds and/or one or more other Regulated Funds without obtaining and relying on the Order.3 Applicants 2. The Fund was organized under the Delaware Statutory Trust Act and is a closed-end management investment company registered under the Act. The Fund’s Board 4 will comprise a majority of members who are Independent Trustees.5 3. Fairway, a Delaware limited liability company that is registered under the Advisers Act, serves as the investment adviser to the Fund. 4. Fairway also serves as the investment adviser to each of the controlling, under common control with, or controlled by Fairway, (ii) registered as an investment adviser under the Investment Advisers Act of 1940 (the ‘‘Advisers Act’’), and (iii) not a Regulated Fund or a subsidiary of a Regulated Fund. Section 2(a)(48) defines a BDC to be any closed-end investment company that operates for the purpose of making investments in securities described in section 55(a)(1) through 55(a)(3) and makes available significant managerial assistance with respect to the issuers of such securities. 2 ‘‘Affiliated Fund’’ means the Existing Affiliated Funds, any Future Affiliated Fund or any Fairway Proprietary Account. ‘‘Existing Affiliated Funds’’ means the investment vehicles identified in Schedule A of the application. ‘‘Future Affiliated Fund’’ means any entity (a) whose investment adviser is an Adviser; (b) that would be an investment company but for section 3(c)(1), 3(c)(5)(C) or 3(c)(7) of the Act; and (c) that intends to participate in the co-investment program. ‘‘Fairway Proprietary Account’’ means any account of an Adviser or its affiliates or any company that is a direct or indirect, wholly- or majority-owned subsidiary of the Adviser or its affiliates, which, from time to time, may hold various financial assets in a principal capacity. 3 All existing entities that currently intend to rely on the Order have been named as applicants and any existing or future entities that may rely on the Order in the future will comply with the terms and conditions of the application. 4 ‘‘Board’’ means the board of trustees (or the equivalent) of a Regulated Fund. 5 ‘‘Independent Trustee’’ means a member of the Board of any relevant entity who is not an ‘‘interested person’’ as defined in section 2(a)(19) of the Act. No Independent Trustee of a Regulated Fund will have a direct or indirect financial interest in any Co-Investment Transaction or any interest in any portfolio company, other than indirectly through share ownership in one of the Regulated Funds. E:\FR\FM\17DEN1.SGM 17DEN1

Agencies

[Federal Register Volume 86, Number 240 (Friday, December 17, 2021)]
[Notices]
[Pages 71682-71683]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-27291]


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-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[SEC File No. EBO 270-291, OMB Control No. 3235-0328]


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 ID

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.) (the ``Paperwork Reduction Act''), 
the Securities and Exchange Commission (``Commission'') has submitted 
to the Office of Management and Budget a request for extension and 
revisions of the previously approved collection of information 
discussed below.
    Form ID (OMB Control No. 3235-0328) must be completed and filed 
with the Commission by all individuals, companies, and other 
organizations who seek access to file electronically on the 
Commission's Electronic Data Gathering, Analysis, and Retrieval system 
(``EDGAR''). Those seeking access to file on EDGAR typically include 
those who are required to make certain disclosures pursuant to the 
federal securities laws. The information provided on Form ID is an 
essential part of the security of EDGAR. Form ID is not a public 
document because it is used solely for the purpose of screening 
applicants and granting access to EDGAR. Form ID must be submitted 
whenever an applicant seeks an EDGAR identification number (Central 
Index Key or CIK) and/or access codes to file on EDGAR. The Commission 
may consider potential technical changes to the EDGAR filer access and 
filer account management processes (``potential access changes'') that 
include the addition of individual user account credentials as well as 
a filer management tool on EDGAR through which filers would manage 
their EDGAR accounts. If the potential access changes are implemented, 
the Commission anticipates that it would adopt amendments to certain 
Commission rules and forms to reflect the potential access changes, 
including Form ID. The potential access changes would include a filer 
designating on Form ID which of its users would act as filer 
administrator(s) to manage the filer's EDGAR account, analogous to the 
contact person listed on Form ID who currently receives access codes. 
The potential access changes would also include additional data fields 
on Form ID related to authorized individuals.\1\
---------------------------------------------------------------------------

    \1\ An ``authorized individual'' for purposes of Form ID 
notarization process includes, for example, the Chief Executive 
Officer, Chief Financial Officer, partner, corporate secretary, 
officer, director, or treasurer of a company filer; or for 
individual filers, the individual filer or a person with a power of 
attorney from the individual filer. See EDGAR Filer Manual, Volume 
I, at Section 3.
---------------------------------------------------------------------------

    Separately, the Commission may consider potential amendments to 
Form ID that would result in a more uniform and secure process for 
EDGAR access by requiring applicants that already have a CIK and no 
longer have access to EDGAR to apply for access by submitting a new 
Form ID, rather than by submitting a manual passphrase update request, 
as they do currently.\2\ As part of their Form ID application, these 
applicants would continue to provide additional documentation as 
currently required by the EDGAR Filer Manual for manual passphrase 
update requests.\3\
---------------------------------------------------------------------------

    \2\ The manual passphrase update request is submitted by filers 
who do not possess access codes for their existing EDGAR accounts 
when the contact email address on their existing account is not 
accurate. (If the contact email address were accurate, they would be 
able to receive a security token to allow them to regain access 
without engaging in the manual passphrase update request process.)
    \3\ See EDGAR Filer Manual, Volume I, at Section 4. See also 
Adoption of Updated EDGAR Filer Manual, Release No. 33-10948 (Jun. 
21, 2021) [86 FR 40308 (Jul. 28, 2021)].
---------------------------------------------------------------------------

    For purposes of the Paperwork Reduction Act, we currently estimate 
that there are 48,493 Form ID filings annually and that it takes 
approximately 0.15 hours per response to prepare for a total of 7,274 
annual burden hours. The current burden includes the number of Form ID 
filings for filers without CIKs (48,089 filings) and filers with CIKs 
who have not filed electronically on EDGAR (404 filings).\4\ Filers are 
responsible for 100% of the total burden hours.
---------------------------------------------------------------------------

    \4\ 48,089 filings for users without CIKs + 404 filings for 
filers with CIKs who have not yet filed electronically on EDGAR = 
48,493 filings.
---------------------------------------------------------------------------

    If the potential access changes and potential Form ID amendments 
become effective, for purposes of the Paperwork Reduction Act, we 
estimate that the number of Form ID filings would increase 
approximately by 8,836 annually \5\ and that the number of hours to 
prepare Form ID would increase by 0.15 hours. The current approved 
estimate of the annual number of Form ID filings for filers without 
CIKs (48,089 filings) and filers with CIKs who have not filed 
electronically on EDGAR (404 filings) would stay the same.
---------------------------------------------------------------------------

    \5\ We base this estimate on the average annual number of 
filings from filers with CIKs who submitted manual passphrase update 
requests for the past three federal fiscal years. ((6,871 filings 
per year + 7,978 filings per year + 11,659 filings per year)/3 
years) = average of 8,836 filings per year.
---------------------------------------------------------------------------

    Thus, for purposes of the Paperwork Reduction Act, the estimated 
total number of annual Form ID filings would increase from 48,493 
filings to 57,329 filings.\6\ The estimate of 0.15 hours per response 
would increase to 0.30 hours per response. The estimated total annual 
burden would increase from 7,274 hours to 17,199 hours.\7\ The estimate 
includes the number of filers without CIKs, filers with CIKs who have 
not filed electronically on EDGAR, and filers with CIKs who are seeking 
to reaccess EDGAR. The estimate that the filers are responsible for 
100% of the total burden hours would stay the same.
---------------------------------------------------------------------------

    \6\ 48,493 filings + 8,836 filings = 57,329 filings.
    \7\ 57,329 filings x 0.30 hours/filing = 17,199 hours.
---------------------------------------------------------------------------

    In relation to the potential access changes described above, the 
Commission may consider amending Form ID to make technical 
modifications and clarifications. We do not believe that these 
technical modifications and clarifications to Form ID would make any 
substantive modifications to any existing collection of information 
requirements or impose any new substantive recordkeeping or information 
collection requirements within the meaning of the Paperwork Reduction 
Act.
    The estimate of average burden hours is made solely for the 
purposes of the Paperwork Reduction Act. The estimate is not derived 
from a comprehensive or

[[Page 71683]]

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 Form ID. 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 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) David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o John R. 
Pezzullo, 100 F Street NE, Washington, DC 20549, or by sending an email 
to: [email protected]. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: December 13, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-27291 Filed 12-16-21; 8:45 am]
BILLING CODE 8011-01-P
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