Proposed Collection; Comment Request; Extension: Rule 17f-7, 76221-76222 [2022-26961]

Download as PDF Federal Register / Vol. 87, No. 238 / Tuesday, December 13, 2022 / Notices In addition, the NRC staff will host informal discussions one hour before the start of each session at the same location. The staff will not accept formal comments on the proposed scope of the supplement 60 to the GEIS during these informal discussions. The public scoping meeting will include: (1) an overview by the NRC staff of the environmental and safety review processes, the proposed scope of the supplement 60 to the GEIS, and the proposed review schedule; and (2) the opportunity for interested government agencies, organizations, and individuals to submit comments or suggestions on environmental issues or the proposed scope of the supplement 60 to the GEIS. Persons interested in attending should monitor the NRC’s Public Meeting Schedule at https://www.nrc.gov/pmns/ mtg for additional information and agendas for the meetings. Please contact Tam Tran no later than December 21, 2022, if accommodations, including a telephone bridgeline, special equipment, or translation is needed to attend or to provide comments, so that the NRC staff can determine whether the request can be accommodated. Participation in the scoping process for the supplement 60 to the GEIS does not entitle participants to become parties to the proceeding to which the supplement 60 to the GEIS relates. Matters related to participation in any hearing are outside the scope of matters to be discussed at this public meeting. Dated: December 8, 2022. For the Nuclear Regulatory Commission. John M. Moses, Deputy Director, Division of Rulemaking, Environment, and Financial Support, Office of Nuclear Material Safety, and Safeguards. [FR Doc. 2022–27025 Filed 12–12–22; 8:45 am] BILLING CODE 7590–01–P POSTAL REGULATORY COMMISSION [Docket Nos. MC2023–74 and CP2023–74] New Postal Products Postal Regulatory Commission. Notice. AGENCY: ACTION: The Commission is noticing a recent Postal Service filing for the Commission’s consideration concerning a negotiated service agreement. This notice informs the public of the filing, invites public comment, and takes other administrative steps. DATES: Comments are due: December 14, 2022. ADDRESSES: Submit comments electronically via the Commission’s Filing Online system at https:// lotter on DSK11XQN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 16:56 Dec 12, 2022 Jkt 259001 www.prc.gov. Those who cannot submit comments electronically should contact the person identified in the FOR FURTHER INFORMATION CONTACT section by telephone for advice on filing alternatives. FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 202–789–6820. SUPPLEMENTARY INFORMATION: Table of Contents I. Introduction II. Docketed Proceeding(s) I. Introduction The Commission gives notice that the Postal Service filed request(s) for the Commission to consider matters related to negotiated service agreement(s). The request(s) may propose the addition or removal of a negotiated service agreement from the Market Dominant or the Competitive product list, or the modification of an existing product currently appearing on the Market Dominant or the Competitive product list. Section II identifies the docket number(s) associated with each Postal Service request, the title of each Postal Service request, the request’s acceptance date, and the authority cited by the Postal Service for each request. For each request, the Commission appoints an officer of the Commission to represent the interests of the general public in the proceeding, pursuant to 39 U.S.C. 505 (Public Representative). Section II also establishes comment deadline(s) pertaining to each request. The public portions of the Postal Service’s request(s) can be accessed via the Commission’s website (https:// www.prc.gov). Non-public portions of the Postal Service’s request(s), if any, can be accessed through compliance with the requirements of 39 CFR 3011.301.1 The Commission invites comments on whether the Postal Service’s request(s) in the captioned docket(s) are consistent with the policies of title 39. For request(s) that the Postal Service states concern Market Dominant product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3622, 39 U.S.C. 3642, 39 CFR part 3030, and 39 CFR part 3040, subpart B. For request(s) that the Postal Service states concern Competitive product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 U.S.C. 3642, 39 CFR part 3035, and 1 See Docket No. RM2018–3, Order Adopting Final Rules Relating to Non-Public Information, June 27, 2018, Attachment A at 19–22 (Order No. 4679). PO 00000 Frm 00048 Fmt 4703 Sfmt 4703 76221 39 CFR part 3040, subpart B. Comment deadline(s) for each request appear in section II. II. Docketed Proceeding(s) 1. Docket No(s).: MC2023–74 and CP2023–74; Filing Title: USPS Request to Add Priority Mail Contract 772 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: December 6, 2022; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Christopher C. Mohr; Comments Due: December 14, 2022. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2022–26945 Filed 12–12–22; 8:45 am] BILLING CODE 7710–FW–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–470, OMB Control No. 3235–0529] Proposed Collection; Comment Request; Extension: Rule 17f–7 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. 3501–3521) (‘‘Paperwork Reduction Act’’), the Securities and Exchange Commission (the ‘‘Commission’’) is soliciting comments on the collections of information summarized below. The Commission plans to submit these existing collections of information to the Office of Management and Budget (‘‘OMB’’) for extension and approval. Rule 17f–7 (17 CFR 270.17f–7) permits a fund under certain conditions to maintain its foreign assets with an eligible securities depository, which has to meet minimum standards for a depository. The fund or its investment adviser generally determines whether the depository complies with those requirements based on information provided by the fund’s primary custodian (a bank that acts as global custodian). The depository custody arrangement also must meet certain conditions. The fund or its adviser must receive from the primary custodian (or its agent) an initial risk analysis of the depository arrangements, and the fund’s contract with its primary custodian must state that the custodian will E:\FR\FM\13DEN1.SGM 13DEN1 76222 Federal Register / Vol. 87, No. 238 / Tuesday, December 13, 2022 / Notices lotter on DSK11XQN23PROD with NOTICES1 monitor risks and promptly notify the fund or its adviser of material changes in risks. The primary custodian and other custodians also are required to agree to exercise at least reasonable care, prudence, and diligence. The collection of information requirements in rule 17f–7 are intended to provide workable standards that protect funds from the risks of using foreign securities depositories while assigning appropriate responsibilities to the fund’s primary custodian and investment adviser based on their capabilities. The requirement that the foreign securities depository meet specified minimum standards is intended to ensure that the depository is subject to basic safeguards deemed appropriate for all depositories. The requirement that the fund or its adviser must receive from the primary custodian (or its agent) an initial risk analysis of the depository arrangements, and that the fund’s contract with its primary custodian must state that the custodian will monitor risks and promptly notify the fund or its adviser of material changes in risks, is intended to provide essential information about custody risks to the fund’s investment adviser as necessary for it to approve the continued use of the depository. The requirement that the primary custodian agree to exercise reasonable care is intended to provide assurances that its services and the information it provides will meet an appropriate standard of care. The staff estimates that each of approximately 1,445 investment advisers 1 will make an average of 8 responses annually under the rule to address depository compliance with minimum requirements, any indemnification or insurance arrangements, and reviews of risk analyses or notifications.2 The staff estimates each response will take 6 hours, requiring a total of approximately 48 hours for each adviser.3 Thus the total annual burden associated with these requirements of the rule is approximately 69,360.4 In addition, based on public filings made with the Commission, we estimate that there are approximately 38 global 1 From a review of the Form ADV filings and Form N–CEN filings, respectively, as of December 31, 2021 and for filings received through August 31, 2022, Commission staff estimated that 1,445 registered investment advisers managed or sponsored open-end registered funds (including exchange-traded funds) and closed-end registered funds. 2 1,445 advisers × 8 responses = 11,560 responses. 3 8 responses per adviser × 6 hours per response = 48 hours per adviser. 4 1,445 advisers × 48 hours per adviser = 69,360 hours. VerDate Sep<11>2014 16:56 Dec 12, 2022 Jkt 259001 custodians that are engaged to perform global custodial services to funds and thus subject to the provisions of rule 17f–7.5 This estimate is based on information that is publicly available on Form N–CEN filings.6 The staff further estimates that during each year, each of approximately 38 global custodians will make an average of 4 responses to analyze custody risks and provide notice of any material changes to custody risk under the rule.7 The staff estimates that each response will take 260 hours, requiring approximately 1,040 hours annually per global custodian.8 Thus the total annual burden associated with this specific aspect of the rule is approximately 39,520 hours.9 The staff estimates that the total annual hour burden associated with all collection of information requirements of the rule is therefore 108,880 hours.10 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 and forms. Compliance with the collection of information requirements of the rule is necessary to obtain the benefit of relying on the rule’s permission for funds to maintain their assets in foreign custodians. The information provided under rule 17f–7 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 OMB control number. Written comments are invited on: (a) whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; (b) the accuracy of the Commission’s estimate of the burden 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 5 We analyzed Form N–CEN filings for registrants as of December 31, 2021 and based on these filings, we estimated the number of global custodians that have been retained by funds and are subject to the provisions of rule 17f–7 to be 38. 6 See Item C.12.a.vii.7 of Form N–CEN. 7 38 custodians × 4 responses = 152 responses. 8 260 hours per response × 4 responses per global custodian = 1,040 hours per global custodian. 9 38 global custodians × 1,040 hours per global custodian = 39,520 hours. 10 69,360 hours + 39,520 hours = 108,880 hours. PO 00000 Frm 00049 Fmt 4703 Sfmt 4703 to comments and suggestions submitted by February 13, 2023. 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. Please direct your written comments to: David Bottom, Acting Director/Chief Information Officer, Securities and Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC 20549 or send an email to: PRA_ Mailbox@sec.gov. Dated: December 7, 2022. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2022–26961 Filed 12–12–22; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–96460; File No. SR–IEX– 2022–12] Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Supplementary Material .15 of IEX Rule 5.110 (Supervision) To Extend the Temporary Remote Inspection Relief to IEX Members for Calendar Year 2022 December 7, 2022. Pursuant to Section 19(b)(1) 1 of the Securities Exchange Act of 1934 (‘‘Act’’) 2 and Rule 19b–4 thereunder, 3 notice is hereby given that, on November 30, 2022, the Investors Exchange LLC (‘‘IEX’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by IEX. IEX has designated the proposed rule change as constituting a ‘‘non-controversial’’ rule change under Section 19(b)(3)(A) 4 of the Act and Rule 19b–4(f)(6) 5 thereunder, which renders the proposal effective upon receipt of this filing by the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. 1 15 U.S.C. 78s(b)(1). U.S.C. 78a. 3 17 CFR 240.19b–4. 4 15 U.S.C. 78s(b)(3)(A). 5 17 CFR 240.19b–4(f)(6). 2 15 E:\FR\FM\13DEN1.SGM 13DEN1

Agencies

[Federal Register Volume 87, Number 238 (Tuesday, December 13, 2022)]
[Notices]
[Pages 76221-76222]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-26961]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-470, OMB Control No. 3235-0529]


Proposed Collection; Comment Request; Extension: Rule 17f-7

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. 3501-3521) (``Paperwork Reduction Act''), the 
Securities and Exchange Commission (the ``Commission'') is soliciting 
comments on the collections of information summarized below. The 
Commission plans to submit these existing collections of information to 
the Office of Management and Budget (``OMB'') for extension and 
approval.
    Rule 17f-7 (17 CFR 270.17f-7) permits a fund under certain 
conditions to maintain its foreign assets with an eligible securities 
depository, which has to meet minimum standards for a depository. The 
fund or its investment adviser generally determines whether the 
depository complies with those requirements based on information 
provided by the fund's primary custodian (a bank that acts as global 
custodian). The depository custody arrangement also must meet certain 
conditions. The fund or its adviser must receive from the primary 
custodian (or its agent) an initial risk analysis of the depository 
arrangements, and the fund's contract with its primary custodian must 
state that the custodian will

[[Page 76222]]

monitor risks and promptly notify the fund or its adviser of material 
changes in risks. The primary custodian and other custodians also are 
required to agree to exercise at least reasonable care, prudence, and 
diligence.
    The collection of information requirements in rule 17f-7 are 
intended to provide workable standards that protect funds from the 
risks of using foreign securities depositories while assigning 
appropriate responsibilities to the fund's primary custodian and 
investment adviser based on their capabilities. The requirement that 
the foreign securities depository meet specified minimum standards is 
intended to ensure that the depository is subject to basic safeguards 
deemed appropriate for all depositories. The requirement that the fund 
or its adviser must receive from the primary custodian (or its agent) 
an initial risk analysis of the depository arrangements, and that the 
fund's contract with its primary custodian must state that the 
custodian will monitor risks and promptly notify the fund or its 
adviser of material changes in risks, is intended to provide essential 
information about custody risks to the fund's investment adviser as 
necessary for it to approve the continued use of the depository. The 
requirement that the primary custodian agree to exercise reasonable 
care is intended to provide assurances that its services and the 
information it provides will meet an appropriate standard of care.
    The staff estimates that each of approximately 1,445 investment 
advisers \1\ will make an average of 8 responses annually under the 
rule to address depository compliance with minimum requirements, any 
indemnification or insurance arrangements, and reviews of risk analyses 
or notifications.\2\ The staff estimates each response will take 6 
hours, requiring a total of approximately 48 hours for each adviser.\3\ 
Thus the total annual burden associated with these requirements of the 
rule is approximately 69,360.\4\
---------------------------------------------------------------------------

    \1\ From a review of the Form ADV filings and Form N-CEN 
filings, respectively, as of December 31, 2021 and for filings 
received through August 31, 2022, Commission staff estimated that 
1,445 registered investment advisers managed or sponsored open-end 
registered funds (including exchange-traded funds) and closed-end 
registered funds.
    \2\ 1,445 advisers x 8 responses = 11,560 responses.
    \3\ 8 responses per adviser x 6 hours per response = 48 hours 
per adviser.
    \4\ 1,445 advisers x 48 hours per adviser = 69,360 hours.
---------------------------------------------------------------------------

    In addition, based on public filings made with the Commission, we 
estimate that there are approximately 38 global custodians that are 
engaged to perform global custodial services to funds and thus subject 
to the provisions of rule 17f-7.\5\ This estimate is based on 
information that is publicly available on Form N-CEN filings.\6\ The 
staff further estimates that during each year, each of approximately 38 
global custodians will make an average of 4 responses to analyze 
custody risks and provide notice of any material changes to custody 
risk under the rule.\7\ The staff estimates that each response will 
take 260 hours, requiring approximately 1,040 hours annually per global 
custodian.\8\ Thus the total annual burden associated with this 
specific aspect of the rule is approximately 39,520 hours.\9\ The staff 
estimates that the total annual hour burden associated with all 
collection of information requirements of the rule is therefore 108,880 
hours.\10\
---------------------------------------------------------------------------

    \5\ We analyzed Form N-CEN filings for registrants as of 
December 31, 2021 and based on these filings, we estimated the 
number of global custodians that have been retained by funds and are 
subject to the provisions of rule 17f-7 to be 38.
    \6\ See Item C.12.a.vii.7 of Form N-CEN.
    \7\ 38 custodians x 4 responses = 152 responses.
    \8\ 260 hours per response x 4 responses per global custodian = 
1,040 hours per global custodian.
    \9\ 38 global custodians x 1,040 hours per global custodian = 
39,520 hours.
    \10\ 69,360 hours + 39,520 hours = 108,880 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 and forms. Compliance with the collection of 
information requirements of the rule is necessary to obtain the benefit 
of relying on the rule's permission for funds to maintain their assets 
in foreign custodians. The information provided under rule 17f-7 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 OMB control number.
    Written comments are invited on: (a) whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimate of the burden 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 by February 13, 2023.
    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.
    Please direct your written comments to: David Bottom, Acting 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o John Pezzullo, 100 F Street NE, Washington, DC 20549 or send an 
email to: [email protected].

    Dated: December 7, 2022.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2022-26961 Filed 12-12-22; 8:45 am]
BILLING CODE 8011-01-P
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