Owl Rock Capital Corporation, et al., 50360-50361 [2022-17524]
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50360
Federal Register / Vol. 87, No. 157 / Tuesday, August 16, 2022 / Notices
the Exchange has incorporated by
reference.
Accordingly, it is ordered, pursuant to
Section 36 of the Exchange Act,16 that
the Exchange is exempt from the rule
filing requirements of Section 19(b) of
the Exchange Act solely with respect to
changes to the rules identified in the
Exemptive Request, provided that the
Exchange promptly provides written
notice to its applicants and members
whenever Nasdaq proposes to change a
rule that the Exchange has incorporated
by reference.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.17
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022–17530 Filed 8–15–22; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
34670; File No. 812–15341]
Owl Rock Capital Corporation, et al.
August 10, 2022.
Securities and Exchange
Commission (‘‘Commission’’ or ‘‘SEC’’).
ACTION: Notice.
lotter on DSK11XQN23PROD with NOTICES1
AGENCY:
Notice of application for an order
(‘‘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 amend a previous
order granted by the Commission that
permits certain business development
companies (‘‘BDCs’’) and closed-end
management investment companies to
co-invest in portfolio companies with
each other and with certain affiliated
investment entities.
APPLICANTS: Owl Rock Capital
Corporation, Owl Rock Capital
Corporation II, Owl Rock Capital
Corporation III, Owl Rock Core Income
Corp., Owl Rock Technology Finance
Corp., Owl Rock Technology Finance
Corp. II, Owl Rock Technology Income
Corp., Owl Rock Capital Advisors LLC,
Owl Rock Technology Advisors LLC,
Owl Rock Technology Advisors II LLC,
Owl Rock Capital Private Fund Advisors
LLC, Owl Rock Diversified Advisors
LLC, Owl Rock First Lien Master Fund,
16 15
17 17
U.S.C. 78mm.
CFR 200.30–3(a)(76).
VerDate Sep<11>2014
18:35 Aug 15, 2022
Jkt 256001
L.P., Owl Rock First Lien Sub-Master
Fund 2, L.P., Owl Rock First Lien SubMaster Fund Zero, L.P., Parliament
Funding I LLC, Owl Rock First Lien
Master Fund II, L.P., Owl Rock
Diversified Lending 2020 Master Fund,
L.P., Owl Rock Unlevered Diversified
Lending 2020 Master Fund L.P., Owl
Rock Unlevered Diversified Lending
Sub-Master Fund 1, L.P., Owl Rock
Unlevered Diversified Lending SubMaster Fund 2, L.P., Parliament
Funding III LLC, Owl Rock US Direct
Lending SMA 2019 LP, OR
Opportunistic DL (C), L.P., Owl Rock
Opportunistic Master Fund I, L.P., Owl
Rock Opportunistic Master Fund II, L.P,
OR Opportunistic I (H), L.P., Owl Rock
Access Fund, L.P., OR Opportunistic
Co-Invest II (A), L.P., ORO II Master
Fund I, L.P., ORO II Master Fund II,
L.P., OR Lending LLC, ORCC Financing
II LLC, ORCC Financing III LLC, ORCC
Financing IV LLC, Owl Rock CLO I,
LLC, Owl Rock CLO I, LTD, Owl Rock
CLO II, LLC, Owl Rock CLO II, LTD,
Owl Rock CLO III, LTD, Owl Rock CLO
IV, LTD, Owl Rock CLO V, LTD, Owl
Rock CLO VI, LTD, OR AH I LLC, OR
DH I LLC, OR GH I LLC, OR MH I LLC,
OR HH I LLC, OR HEH I LLC, OR PCF
I LLC, ORCC BC 2 LLC, ORCC BC 3 LLC,
ORCC BC 4 LLC, ORCC BC 5 LLC, ORCC
BC 6 LLC, ORCC BC 7 LLC, ORCC BC
8 LLC, OR Atlanta MH LLC, OR Garden
State MH LLC, OR Jemico MH LLC, OR
Long Island MH LLC, OR Midwest MH
LLC, OR Toronto MH LLC, OR Lending
II LLC, ORCC II Financing LLC, ORCC
II Financing II LLC, OR DH II LLC, OR
MH II LLC, OR HH II LLC, OR HEH II
LLC, OR Long Island MH II LLC, OR
Garden State MH II LLC, OR Toronto
MH II LLC, OR Midwest MH II LLC, OR
Jemico MH II LLC, OR Atlanta MH II
LLC, OR PCF II LLC, OR GH II LLC, OR
AH II LLC, ORCC II BC 2 LLC, ORCC II
BC 3 LLC, ORCC II BC 4 LLC, ORCC II
BC 5 LLC, ORCC II BC 6 LLC, ORCC II
BC 7 LLC, ORCC II BC 8 LLC, OR
Lending III LLC, ORCC III Financing
LLC, ORCC III Financing II LLC, OR PCF
III LLC, OR AH III LLC, ORCC III BC 2
LLC, ORCC III BC 3 LLC, ORCC III BC
4 LLC, ORCC III BC 5 LLC, ORCC III BC
6 LLC, ORCC III BC 7 LLC, ORCC III BC
8 LLC, ORCIC AH LLC, ORCIC BC 2
LLC, ORCIC BC 3 LLC, ORCIC BC 4
LLC, ORCIC BC 5 LLC, ORCIC BC 6
LLC, OR Lending IC LLC, ORCIC PCF
LLC, Core Income Funding I LLC, Core
Income Funding II LLC, Core Income
Funding III LLC, Core Income Funding
IV LLC, OR Tech Lending LLC, OR Tech
Financing I LLC, Owl Rock Technology
Financing 2020–1, Owl Rock
Technology Financing 2020–1 LLC,
ORTF Funding I LLC, ORT KB LLC,
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Fmt 4703
Sfmt 4703
ORTF BC 1 LLC, ORTF BC 2 LLC, ORTF
BC 3 LLC, ORTF BC 4 LLC, OR Tech
Lending II LLC, ORTF II BC 1 LLC,
ORTF II BC 2 LLC, OR Tech Lending IC
LLC, ORTIC BC 1 LLC, ORTIC BC 2
LLC, Tech Income Funding I LLC,
ORCIC BC 7 LLC, ORCIC BC 8 LLC,
ORCIC BC 9 LLC, Owl Rock CLO VII
LLC, ORCIC BC 10 LLC, ORCIC BC 11
LLC, ORCIC BC 12 LLC, ORCIC JV WH
LLC, ORCIC JV WH II LLC, ORTF II BC
3 LLC, ORTF II BC 4 LLC, ORTF II BC
5 LLC, Athena Funding I LLC, Athena
Funding II LLC, Athena Funding III
LLC, ORCC BC 9 LLC, ORCC BC 10 LLC,
ORCC BC 11 LLC, ORCC II BC 9 LLC,
ORCC II BC 10 LLC, ORCC II BC 11 LLC,
ORCC III BC 9 LLC, ORCC III BC 10
LLC, ORTF BC 5 LLC, ORTF BC 6 LLC,
and OR Diversified Lending (CP), L.P.
FILING DATES: The application was filed
on May 24, 2022, and amended on July
20, 2022.
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 on any application by
emailing the SEC’s Secretary at
Secretarys-Office@sec.gov and serving
the Applicants with a copy of the
request by email, if an email address is
listed for the relevant Applicant below,
or personally or by mail, if a physical
address is listed for the relevant
Applicant below. Hearing requests
should be received by the Commission
by 5:30 p.m. on, September 6, 2022, and
should be accompanied by proof of
service on 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:
Neena Reddy, Vice President and
Secretary, Owl Rock Capital
Corporation, at neena.reddy@
blueowl.com, and Cynthia M. Krus, Esq.,
and Anne G. Oberndorf, Esq., Eversheds
Sutherland (US) LLP, at
anneoberndorf@evershedssutherland.us.
FOR FURTHER INFORMATION CONTACT:
Kieran G. Brown, Senior Counsel, or
Terri Jordan, Branch Chief, at (202) 551–
6825 (Division of Investment
Management, Chief Counsel’s Office).
SUPPLEMENTARY INFORMATION: For
Applicants’ representations, legal
E:\FR\FM\16AUN1.SGM
16AUN1
Federal Register / Vol. 87, No. 157 / Tuesday, August 16, 2022 / Notices
analysis, and conditions, please refer to
Applicants’ first amended and restated
application, dated July 20, 2022, which
may be obtained via the Commission’s
website by searching for the file number
at the top of this document, or for an
Applicant using the Company name
search field, on the SEC’s EDGAR
system. The SEC’s EDGAR system may
be searched at, https://www.sec.gov/
edgar/searchedgar/legacy/
companysearch.html. You may also call
the SEC’s Public Reference Room at
(202) 551–8090.
For the Commission, by the Division of
Investment Management, under delegated
authority.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022–17524 Filed 8–15–22; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–482, OMB Control No.
3235–0540]
lotter on DSK11XQN23PROD with NOTICES1
Submission for OMB Review;
Comment Request; Extension: Rule
17a–25
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
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’’) a request for approval of
extension of the existing collection of
information provided for in Rule 17a–25
(17 CFR 204.17a–25) under the
Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.).
Paragraph (a)(1) of Rule 17a–25
requires registered broker-dealers to
electronically submit securities
transaction information, including
identifiers for prime brokerage
arrangements, average price accounts,
and depository institutions, in a
standardized format when requested by
the Commission staff. In addition,
Paragraph (c) of Rule 17a–25 requires
broker-dealers to submit, and keep
current, contact person information for
electronic blue sheets (‘‘EBS’’) requests.
The Commission uses the information
for enforcement inquiries or
investigations and trading
reconstructions, as well as for
inspections and examinations.
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18:35 Aug 15, 2022
Jkt 256001
The Commission estimates that it
sends approximately 13,558 electronic
blue sheet requests per year to clearing
broker-dealers that in turn submit an
average 223,057 responses.1 It is
estimated that each broker-dealer that
responds electronically will take 8
minutes, and each broker-dealer that
responds manually will take 11⁄2 hours
to prepare and submit the securities
trading data requested by the
Commission. The annual aggregate hour
burden for electronic and manual
response firms is estimated to be 29,924
(223,057 × 8 ÷ 60 = 29,741 hours) + (122
× 1.5 = 183 hours), respectively.2
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
under the PRA unless it displays a
currently valid OMB control number.
The public may view background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent by
September 15, 2022 to (i)
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov and (ii) David Bottom,
Director/Chief Information Officer,
Securities and Exchange Commission,
c/o John Pezzullo, 100 F Street NE,
Washington, DC 20549, or by sending an
email to: PRA_Mailbox@sec.gov.
Dated: August 10, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022–17527 Filed 8–15–22; 8:45 am]
BILLING CODE 8011–01–P
1 A single EBS request has a unique number
assigned to each request (e.g., ’’0900001’’).
However, the number of broker-dealer responses
generated from one EBS request can range from one
to several thousand. EBS requests are sent directly
to clearing firms, as the clearing firm is the
repository for trading data for securities
transactions information provided by the clearing
firm and the correspondent firms. Clearing brokers
respond for themselves and other firms they clear
for. There were 446,113 responses during the 24month period, for an average of 223,057 annual
responses.
2 Few respondents submit manual EBS responses.
The small percentage of respondents that submit
manual responses do so by hand, via email,
spreadsheet, disk, or other electronic media. Thus,
the number of manual submissions (approximately
122 per year) has minimal effect on the total annual
burden hours.
PO 00000
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50361
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–507, OMB Control No.
3235–0563]
Submission for OMB Review;
Comment Request; Extension: Rule
17a–10
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736.
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’’) a request for extension of the
previously approved collection of
information discussed below.
Section 17(a) of the Investment
Company Act of 1940 (15 U.S.C. 80a–1
et seq.) (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
Section 2(a)(3) of the Act defines
‘‘affiliated person’’ of a fund to include
its investment advisers.2 Rule 17a–10
(17 CFR 270.17a–10) permits (i) a
subadviser 3 of a fund to enter into
transactions with funds the subadviser
does not advise but that are affiliated
persons of a fund that it does advise
(e.g., other funds in the fund complex),
and (ii) a subadviser (and its affiliated
persons) to enter into transactions and
arrangements with funds the subadviser
does advise, but only with respect to
discrete portions of the subadvised fund
for which the subadviser does not
provide investment advice.
To qualify for the exemptions in rule
17a–10, the subadvisory relationship
must be the sole reason why section
17(a) prohibits the transaction. In
addition, the advisory contracts of the
subadviser entering into the transaction,
and any subadviser that is advising the
purchasing portion of the fund, must
prohibit the subadvisers from consulting
with each other concerning securities
transactions of the fund, and limit their
responsibility to providing advice with
respect to discrete portions of the fund’s
portfolio.4 This requirement regarding
1 15
U.S.C. 80a–17(a).
U.S.C. 80a–2(a)(3)(E).
3 As defined in rule 17a–10(b)(2). 17 CFR
270.17a–10(b)(2).
4 17 CFR 270.17a–10(a)(2).
2 15
E:\FR\FM\16AUN1.SGM
16AUN1
Agencies
[Federal Register Volume 87, Number 157 (Tuesday, August 16, 2022)]
[Notices]
[Pages 50360-50361]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-17524]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 34670; File No. 812-15341]
Owl Rock Capital Corporation, et al.
August 10, 2022.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
-----------------------------------------------------------------------
Notice of application for an order (``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 amend a previous
order granted by the Commission that permits certain business
development companies (``BDCs'') and closed-end management investment
companies to co-invest in portfolio companies with each other and with
certain affiliated investment entities.
Applicants: Owl Rock Capital Corporation, Owl Rock Capital Corporation
II, Owl Rock Capital Corporation III, Owl Rock Core Income Corp., Owl
Rock Technology Finance Corp., Owl Rock Technology Finance Corp. II,
Owl Rock Technology Income Corp., Owl Rock Capital Advisors LLC, Owl
Rock Technology Advisors LLC, Owl Rock Technology Advisors II LLC, Owl
Rock Capital Private Fund Advisors LLC, Owl Rock Diversified Advisors
LLC, Owl Rock First Lien Master Fund, L.P., Owl Rock First Lien Sub-
Master Fund 2, L.P., Owl Rock First Lien Sub-Master Fund Zero, L.P.,
Parliament Funding I LLC, Owl Rock First Lien Master Fund II, L.P., Owl
Rock Diversified Lending 2020 Master Fund, L.P., Owl Rock Unlevered
Diversified Lending 2020 Master Fund L.P., Owl Rock Unlevered
Diversified Lending Sub-Master Fund 1, L.P., Owl Rock Unlevered
Diversified Lending Sub-Master Fund 2, L.P., Parliament Funding III
LLC, Owl Rock US Direct Lending SMA 2019 LP, OR Opportunistic DL (C),
L.P., Owl Rock Opportunistic Master Fund I, L.P., Owl Rock
Opportunistic Master Fund II, L.P, OR Opportunistic I (H), L.P., Owl
Rock Access Fund, L.P., OR Opportunistic Co-Invest II (A), L.P., ORO II
Master Fund I, L.P., ORO II Master Fund II, L.P., OR Lending LLC, ORCC
Financing II LLC, ORCC Financing III LLC, ORCC Financing IV LLC, Owl
Rock CLO I, LLC, Owl Rock CLO I, LTD, Owl Rock CLO II, LLC, Owl Rock
CLO II, LTD, Owl Rock CLO III, LTD, Owl Rock CLO IV, LTD, Owl Rock CLO
V, LTD, Owl Rock CLO VI, LTD, OR AH I LLC, OR DH I LLC, OR GH I LLC, OR
MH I LLC, OR HH I LLC, OR HEH I LLC, OR PCF I LLC, ORCC BC 2 LLC, ORCC
BC 3 LLC, ORCC BC 4 LLC, ORCC BC 5 LLC, ORCC BC 6 LLC, ORCC BC 7 LLC,
ORCC BC 8 LLC, OR Atlanta MH LLC, OR Garden State MH LLC, OR Jemico MH
LLC, OR Long Island MH LLC, OR Midwest MH LLC, OR Toronto MH LLC, OR
Lending II LLC, ORCC II Financing LLC, ORCC II Financing II LLC, OR DH
II LLC, OR MH II LLC, OR HH II LLC, OR HEH II LLC, OR Long Island MH II
LLC, OR Garden State MH II LLC, OR Toronto MH II LLC, OR Midwest MH II
LLC, OR Jemico MH II LLC, OR Atlanta MH II LLC, OR PCF II LLC, OR GH II
LLC, OR AH II LLC, ORCC II BC 2 LLC, ORCC II BC 3 LLC, ORCC II BC 4
LLC, ORCC II BC 5 LLC, ORCC II BC 6 LLC, ORCC II BC 7 LLC, ORCC II BC 8
LLC, OR Lending III LLC, ORCC III Financing LLC, ORCC III Financing II
LLC, OR PCF III LLC, OR AH III LLC, ORCC III BC 2 LLC, ORCC III BC 3
LLC, ORCC III BC 4 LLC, ORCC III BC 5 LLC, ORCC III BC 6 LLC, ORCC III
BC 7 LLC, ORCC III BC 8 LLC, ORCIC AH LLC, ORCIC BC 2 LLC, ORCIC BC 3
LLC, ORCIC BC 4 LLC, ORCIC BC 5 LLC, ORCIC BC 6 LLC, OR Lending IC LLC,
ORCIC PCF LLC, Core Income Funding I LLC, Core Income Funding II LLC,
Core Income Funding III LLC, Core Income Funding IV LLC, OR Tech
Lending LLC, OR Tech Financing I LLC, Owl Rock Technology Financing
2020-1, Owl Rock Technology Financing 2020-1 LLC, ORTF Funding I LLC,
ORT KB LLC, ORTF BC 1 LLC, ORTF BC 2 LLC, ORTF BC 3 LLC, ORTF BC 4 LLC,
OR Tech Lending II LLC, ORTF II BC 1 LLC, ORTF II BC 2 LLC, OR Tech
Lending IC LLC, ORTIC BC 1 LLC, ORTIC BC 2 LLC, Tech Income Funding I
LLC, ORCIC BC 7 LLC, ORCIC BC 8 LLC, ORCIC BC 9 LLC, Owl Rock CLO VII
LLC, ORCIC BC 10 LLC, ORCIC BC 11 LLC, ORCIC BC 12 LLC, ORCIC JV WH
LLC, ORCIC JV WH II LLC, ORTF II BC 3 LLC, ORTF II BC 4 LLC, ORTF II BC
5 LLC, Athena Funding I LLC, Athena Funding II LLC, Athena Funding III
LLC, ORCC BC 9 LLC, ORCC BC 10 LLC, ORCC BC 11 LLC, ORCC II BC 9 LLC,
ORCC II BC 10 LLC, ORCC II BC 11 LLC, ORCC III BC 9 LLC, ORCC III BC 10
LLC, ORTF BC 5 LLC, ORTF BC 6 LLC, and OR Diversified Lending (CP),
L.P.
Filing Dates: The application was filed on May 24, 2022, and amended on
July 20, 2022.
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 on any application by emailing
the SEC's Secretary at [email protected] and serving the
Applicants with a copy of the request by email, if an email address is
listed for the relevant Applicant below, or personally or by mail, if a
physical address is listed for the relevant Applicant below. Hearing
requests should be received by the Commission by 5:30 p.m. on,
September 6, 2022, and should be accompanied by proof of service on
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
[email protected].
ADDRESSES: The Commission: [email protected]. Applicants: Neena
Reddy, Vice President and Secretary, Owl Rock Capital Corporation, at
[email protected], and Cynthia M. Krus, Esq., and Anne G.
Oberndorf, Esq., Eversheds Sutherland (US) LLP, at
[email protected].
FOR FURTHER INFORMATION CONTACT: Kieran G. Brown, Senior Counsel, or
Terri Jordan, Branch Chief, at (202) 551-6825 (Division of Investment
Management, Chief Counsel's Office).
SUPPLEMENTARY INFORMATION: For Applicants' representations, legal
[[Page 50361]]
analysis, and conditions, please refer to Applicants' first amended and
restated application, dated July 20, 2022, which may be obtained via
the Commission's website by searching for the file number at the top of
this document, or for an Applicant using the Company name search field,
on the SEC's EDGAR system. The SEC's EDGAR system may be searched at,
https://www.sec.gov/edgar/searchedgar/legacy/companysearch.html. You may
also call the SEC's Public Reference Room at (202) 551-8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-17524 Filed 8-15-22; 8:45 am]
BILLING CODE 8011-01-P