UV Partners IV Financial Institutions Fund, LP; Surrender of License of Small Business Investment Company, 65636 [2022-23603]

Download as PDF khammond on DSKJM1Z7X2PROD with NOTICES 65636 Federal Register / Vol. 87, No. 209 / Monday, October 31, 2022 / Notices securities not in their possession, but subject to the broker-dealer’s control or direction. Any discrepancies between the broker-dealer’s securities count and the firm’s records must be noted and, within seven days, the unaccounted for difference must be recorded in the firm’s records. Rule 17a–13(c) (17 CFR 240.17a–13(c)) provides that under specified conditions, the count, examination, and verification of the broker-dealer’s entire list of securities may be conducted on a cyclical basis rather than on a certain date. Although Rule 17a–13 does not require brokerdealers to file a report with the Commission, discrepancies between a broker-dealer’s records and the securities counts may be required to be reported, for example, as a loss on Form X–17a–5 (17 CFR 248.617), which must be filed with the Commission under Exchange Act Rule 17a–5 (17 CFR 240.17a–5). Rule 17a–13 exempts broker-dealers that limit their business to the sale and redemption of securities of registered investment companies and interests or participation in an insurance company separate account and those who solicit accounts for federally insured savings and loan associations, provided that such persons promptly transmit all funds and securities and hold no customer funds and securities. Rule 17a–13 also does not apply to certain broker-dealers required to register only because they effect transactions in securities futures products. Rule 17a–13 requires the recording of only those differences in the brokerdealer’s records that remain unresolved seven business days after the date of the examination, count, and verification. The Commission or the self-regulatory organization (‘‘SRO’’) designated as the broker-dealer’s examining authority may examine these recorded discrepancies in a broker-dealer’s records to determine whether they are the result of the firm’s inability to maintain control of its business. The information obtained from Rule 17a–13 is used as an inventory control device to monitor a broker-dealer’s ability to account for all securities held in transfer, in transit, pledged, loaned, borrowed, deposited, or otherwise subject to the firm’s control or direction. Discrepancies between the securities counts and the broker-dealer’s records alert the Commission and the selfregulatory organizations (‘‘SROs’’) to those firms experiencing back-office operational issues. As of August 2022, there were approximately 3,532 active brokerdealers registered with the Commission. However, given the variability in their VerDate Sep<11>2014 17:15 Oct 28, 2022 Jkt 259001 businesses, it is difficult to quantify how many hours per year each brokerdealer spends complying with Rule 17a–13. As noted, Rule 17a–13 requires a broker-dealer to account for all securities in its possession or subject to its control or direction. Many brokerdealers hold few, if any, securities, while others hold large quantities. Therefore, the time burden of complying with Rule 17a–13 will depend on respondent-specific factors, including size, number of customers, and proprietary trading activity. The staff estimates that the average time spent per respondent is 100 hours per year on an ongoing basis to maintain the records required under Rule 17a–13. This estimate takes into account the fact that more than half of the 3,532 respondents—according to financial reports filed with the Commission—may spend little or no time complying with Rule 17a–13, given that they do not do a public securities business or do not hold inventories of securities. For these reasons, the staff estimates that the total recordkeeping burden per year is approximately 353,200 hours (3,532 respondents × 100 hours/respondent) The records required to be made by Rule 17a–13 are available only to Commission examination staff, state securities authorities, and applicable SROs. Subject to the provisions of the Freedom of Information Act, 5 U.S.C. 522, and the Commission’s rules thereunder (17 CFR 200.80(b)(4)(iii)), the Commission does not generally publish or make available information contained in any reports, summaries, analyses, letters, or memoranda arising out of, in anticipation of, or in connection with an examination or inspection of the books and records of any person or any other investigation. 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 November 30, 2022 to (i) www.reginfo.gov/public/do/PRAMain 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. PO 00000 Frm 00069 Fmt 4703 Sfmt 9990 Dated: October 25, 2022. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2022–23571 Filed 10–28–22; 8:45 am] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION [License No. 04/04–0302] BB&T Capital Partners II, L.L.C.; Surrender of License of Small Business Investment Company Pursuant to the authority granted to the United States Small Business Administration under the Small Business Investment Act of 1958, as amended, under Section 309, and the Small Business Administration Rules and Regulations (13 CFR 107.1900) to function as a small business investment company under the Small Business Investment Company License No. 04/ 04–0302 issued to BB&T Capital Partners II, L.L.C., said license is hereby declared null and void. Bailey DeVries, Associate Administrator, Office of Investment and Innovation, United States Small Business Administration. [FR Doc. 2022–23606 Filed 10–28–22; 8:45 am] BILLING CODE P SMALL BUSINESS ADMINISTRATION [License No. 08/08–0172] UV Partners IV Financial Institutions Fund, LP; Surrender of License of Small Business Investment Company Pursuant to the authority granted to the United States Small Business Administration under the Small Business Investment Act of 1958, as amended, under Section 309, and the Small Business Administration Rules and Regulations (13 CFR 107.1900) to function as a small business investment company under the Small Business Investment Company License No. 08/ 08–0172 issued to UV Partners IV Financial Institutions Fund, LP, said license is hereby declared null and void. Bailey DeVries, Associate Administrator, Office of Investment and Innovation, United States Small Business Administration. [FR Doc. 2022–23603 Filed 10–28–22; 8:45 am] BILLING CODE P E:\FR\FM\31OCN1.SGM 31OCN1

Agencies

[Federal Register Volume 87, Number 209 (Monday, October 31, 2022)]
[Notices]
[Page 65636]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-23603]


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SMALL BUSINESS ADMINISTRATION

[License No. 08/08-0172]


UV Partners IV Financial Institutions Fund, LP; Surrender of 
License of Small Business Investment Company

    Pursuant to the authority granted to the United States Small 
Business Administration under the Small Business Investment Act of 
1958, as amended, under Section 309, and the Small Business 
Administration Rules and Regulations (13 CFR 107.1900) to function as a 
small business investment company under the Small Business Investment 
Company License No. 08/08-0172 issued to UV Partners IV Financial 
Institutions Fund, LP, said license is hereby declared null and void.

Bailey DeVries,
Associate Administrator, Office of Investment and Innovation, United 
States Small Business Administration.
[FR Doc. 2022-23603 Filed 10-28-22; 8:45 am]
BILLING CODE P
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