BB&T Capital Partners, LLC; Surrender of License of Small Business Investment Company, 65842 [2022-23667]

Download as PDF 65842 Federal Register / Vol. 87, No. 210 / Tuesday, November 1, 2022 / Notices lotter on DSK11XQN23PROD with NOTICES1 Thus, the Commission expects the aggregate cost to the nine respondents over the three-year period will be $18,000, or $6,000 per year when annualized over three years. The Commission expects the total labor cost per respondent will be approximately $666.67 when annualized over three years. b. Representations Regarding U.S.Person Status Pursuant to Rule 3a71–3(a)(4)(iv), persons may rely on representations from a counterparty that the counterparty does not satisfy the criteria defining U.S. person set forth in Rule 3a71–3(a)(4)(i), unless such person knows or has reason to know that the representation is not accurate. Commission staff has estimated, based on its understanding of OTC derivatives markets, including the domiciles of counterparties that are active in the market, that approximately 3,000 entities will provide representations that they do not meet the criteria necessary to be U.S. persons. As with representations regarding whether a transaction is conducted through a foreign branch, the Commission estimates the maximum total third-party disclosure burden associated with developing new representations will be, for each counterparty that will make such representations, no more than five hours and up to $2,000 for the services of outside professionals. Across the 3,000 respondents, this aggregates to a maximum of approximately 15,000 hours, or 5,000 hours per year when annualized over three years. This estimate assumes little or no reliance on standardized disclosure language. The Commission expects that the majority of the burden associated with the disclosure requirements will be experienced during the first year as language is developed and trading documentation is amended. After the new representations are developed and incorporated into trading documentation, the Commission believes that the annual third-party disclosure burden associated with this requirement will be no more than approximately 10 hours per counterparty for verifying representations with existing counterparties and onboarding new counterparties. Across the 3,000 respondents, this aggregates to a maximum of approximately 30,000 hours. The Commission believes that some of the entities that comply with Rule 3a71– 3 will seek outside counsel to help them develop new representations. For PRA VerDate Sep<11>2014 17:11 Oct 31, 2022 Jkt 259001 purposes, the Commission assumes that all 3,000 respondents will seek outside legal for the first year only and will, on average, consult with outside counsel for a cost of up to $2,000. The Commission also assumes that none of those 3,000 respondents will seek outside legal services for year two or year three. Thus, the Commission expects that the aggregate cost over those 3,000 respondents over the threeyear period will be $6 million, or $2 million per year when annualized over three years. The Commission expects the total labor cost per respondent will be approximately $666.67 when annualized over three years. 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 December 1, 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: October 26, 2022. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2022–23693 Filed 10–31–22; 8:45 am] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION Partners, LLC, said license is hereby declared null and void. Bailey DeVries, Associate Administrator, Office of Investment and Innovation, United States Small Business Administration. [FR Doc. 2022–23667 Filed 10–31–22; 8:45 am] BILLING CODE 8026–09–P SMALL BUSINESS ADMINISTRATION [Disaster Declaration #17616 and #17617; ARIZONA Disaster Number AZ–00086] Presidential Declaration Amendment of a Major Disaster for Public Assistance Only for the State of Arizona U.S. Small Business Administration. AGENCY: ACTION: Amendment 1. This is an amendment of the Presidential declaration of a major disaster for Public Assistance Only for the State of Arizona (FEMA–4668–DR), dated 09/02/2022. Incident: Severe Storms. Incident Period: 07/17/2022 through 07/18/2022. SUMMARY: Issued on 10/21/2022. Physical Loan Application Deadline Date: 11/03/2022. Economic Injury (EIDL) Loan Application Deadline Date: 06/02/2023. DATES: Submit completed loan applications to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. ADDRESSES: A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street SW, Suite 6050, Washington, DC 20416, (202) 205–6734. FOR FURTHER INFORMATION CONTACT: The notice of the President’s major disaster declaration for Private Non-Profit organizations in the State of Arizona, dated 09/02/2022, is hereby amended to extend the deadline for filing applications for physical damage as a result of this disaster to 11/03/2022. All other information in the original declaration remains unchanged. SUPPLEMENTARY INFORMATION: [License No. 04/04–0271] BB&T Capital Partners, LLC; 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/ 04–0271 issued to BB&T Capital PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 (Catalog of Federal Domestic Assistance Number 59008) Rafaela Monchek, Acting Associate Administrator for Disaster Assistance. [FR Doc. 2022–23704 Filed 10–31–22; 8:45 am] BILLING CODE 8026–09–P E:\FR\FM\01NON1.SGM 01NON1

Agencies

[Federal Register Volume 87, Number 210 (Tuesday, November 1, 2022)]
[Notices]
[Page 65842]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-23667]


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SMALL BUSINESS ADMINISTRATION

[License No. 04/04-0271]


BB&T Capital Partners, LLC; 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. 04/04-0271 issued to BB&T Capital Partners, LLC, 
said license is hereby declared null and void.

Bailey DeVries,
Associate Administrator, Office of Investment and Innovation, United 
States Small Business Administration.
[FR Doc. 2022-23667 Filed 10-31-22; 8:45 am]
BILLING CODE 8026-09-P
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