The RBB Fund, Inc., et al., 11497-11498 [2023-03776]
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lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 88, No. 36 / Thursday, February 23, 2023 / Notices
public and that the statement be
effective before any securities are sold,
and Section 8 of the Investment
Company Act (15 U.S.C. 80a–8) requires
a separate account to register as an
investment company.
Form N–3 also permits separate
accounts offering variable annuity
contracts which are organized as
investment companies to provide
investors with a prospectus and a
statement of additional information
covering essential information about the
separate account when it makes an
initial or additional offering of its
securities. Section 5(b) of the Securities
Act requires that investors be provided
with a prospectus containing the
information required in a registration
statement prior to the sale or at the time
of confirmation or delivery of the
securities. The form also may be used by
the Commission in its regulatory review,
inspection, and policy-making roles.
Commission staff estimates that there
will be 1 initial registration statements
over the nest three years and 6 insurer
separate accounts that file post-effective
amendments on Form N–3 per year,
with an average of 3 investment options
per post-effective amendment. The
Commission further estimates that the
hour burden for preparing and filing a
post-effective amendment on Form N–3
is 157.55 hours per portfolio. The total
annual hour burden for preparing and
filing post-effective amendments is
2,836 hours (6 post-effective
amendments × 3 investment options per
post-effective amendment × 157.55
hours per portfolio). The estimated
annual hour burden for preparing and
filing initial registration statements is
309 hours. The total annual hour burden
for Form N–3, therefore, is estimated to
be 3,145 hours (2,836 hours + 309
hours). Respondents may rely on
outside counsel or auditors in
connection with the preparation and
filing of Form N–3. Commission staff
estimates that the annual cost burden
associated with preparing and filing
Form N–3 is $139,696.
The information collection
requirements imposed by Form N–3 are
mandatory. Responses to the collection
of information 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.
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
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17:12 Feb 22, 2023
Jkt 259001
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 April 24, 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, 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: February 17, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–03771 Filed 2–22–23; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
34835; File No. 812–15352]
The RBB Fund, Inc., et al.
February 17, 2023.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice.
AGENCY:
Notice of an application under section
6(c) of the Investment Company Act of
1940 (the ‘‘Act’’) for an exemption from
sections 2(a)(32), 5(a)(1), 22(d) and 22(e)
of the Act and rule 22c–1 under the Act
and under sections 6(c) and 17(b) of the
Act for an exemption from sections
17(a)(1) and 17(a)(2) of the Act.
SUMMARY OF APPLICATION: Applicants
request an order (‘‘Order’’) that permits:
(a) The Funds (as defined in the
Applicants’ application) to issue shares
(‘‘Shares’’) redeemable in large
aggregations only (‘‘creation units’’); (b)
secondary market transactions in Shares
to occur at negotiated market prices
rather than at net asset value; (c) certain
Funds to pay redemption proceeds,
under certain circumstances, more than
seven days after the tender of Shares for
redemption; and (d) certain affiliated
persons of a Fund to deposit securities
into, and receive securities from, the
Fund in connection with the purchase
and redemption of creation units. The
relief in the Order would incorporate by
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11497
reference terms and conditions of the
same relief of a previous order granting
the same relief sought by applicants, as
that order may be amended from time to
time (‘‘Reference Order’’).1
APPLICANTS: The RBB Fund, Inc.;
Summit Global Investments, LLC; and
Quasar Distributors, LLC.
FILING DATES: The application was filed
on June 15, 2022, and amended on
September 26, 2022, November 1, 2022,
and November 29, 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 Commission’s Secretary at
Secretarys-Office@sec.gov and serving
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 March 14, 2023, 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.
ADDRESSES: The Commission:
Secretarys-Office@sec.gov. Applicants:
Steven Plump, The RBB Fund, Inc.,
splump@rbbfund.com; Jillian L.
Bosmann, Esq., Faegre Drinker Biddle &
Reath LLP, jillian.bosmann@
faegredrinker.com.
FOR FURTHER INFORMATION CONTACT:
Stephan N. Packs, Senior Counsel, or
Terri G. Jordan, Branch Chief, at (202)
551–6825 (Chief Counsel’s Office,
Division of Investment Management).
SUPPLEMENTARY INFORMATION: For
Applicants’ representations, legal
analysis, and conditions, please refer to
Applicants’ third amended and restated
application, dated November 29, 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/
1 Natixis ETF Trust II, et al., Investment Company
Act Rel. Nos. 33684 (November 14, 2019) (notice)
and 33711 (December 10, 2019) (order).
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11498
Federal Register / Vol. 88, No. 36 / Thursday, February 23, 2023 / Notices
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.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–03776 Filed 2–22–23; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
Notice is hereby given,
pursuant to the provisions of the
Government in the Sunshine Act, Public
Law 94–409, that the Securities and
Exchange Commission Investor
Advisory Committee will hold a public
meeting on Thursday, March 2, 2023.
The meeting will begin at 10:00 a.m.
(ET) and will be open to the public.
PLACE: The meeting will be conducted
by remote means. Members of the public
may watch the webcast of the meeting
on the Commission’s website at
www.sec.gov.
STATUS: This Sunshine Act notice is
being issued because a majority of the
Commission may attend the meeting.
Public Comment: The public is
invited to submit written statements to
the Committee. Written statements
should be received on or before March
1, 2023.
Written statements may be submitted
by any of the following methods:
TIME AND DATE:
Electronic Statements
• Use the Commission’s internet
submission form (https://www.sec.gov/
rules/other.shtml); or
• Send an email message to rulescomments@sec.gov. Please include File
No. 265–28 on the subject line; or
lotter on DSK11XQN23PROD with NOTICES1
Paper Electronic Statements
• Send paper statements to Vanessa
A. Countryman, Secretary, Securities
and Exchange Commission, 100 F Street
NE, Washington, DC 20549–1090.
All submissions should refer to File No.
265–28. This file number should be
included on the subject line if email is
used. To help us process and review
your statement more efficiently, please
use only one method.
Statements also will be available for
website viewing and printing in the
Commission’s Public Reference Room,
100 F Street NE, Room 1503,
Washington, DC 20549, on official
business days between the hours of
10:00 a.m. and 3:00 p.m. All statements
VerDate Sep<11>2014
17:12 Feb 22, 2023
Jkt 259001
received will be posted without change.
Persons submitting comments are
cautioned that we do not redact or edit
personal identifying information from
comment submissions. You should
submit only information that you wish
to make available publicly.
MATTERS TO BE CONSIDERED: The agenda
for the meeting includes: welcome and
introductory remarks; opening remarks;
introduction of the new Investor
Advocate; approval of previous meeting
minutes; a panel discussion examining
the growth of private markets relative to
the public markets; a panel discussion
regarding the oversight of investment
advisers; a panel discussion regarding
the open-end fund liquidity risk
management/swing pricing rule
proposal; a discussion of a
recommendation regarding improving
customer account statements to better
serve investors; subcommittee reports;
access and inclusion working group
report, and a non-public administrative
session.
CONTACT PERSON FOR MORE INFORMATION:
For further information and to ascertain
what, if any, matters have been added,
deleted or postponed; please contact
Vanessa A. Countryman from the Office
of the Secretary at (202) 551–5400.
Authority: 5 U.S.C. 552b.
Dated: February 21, 2023.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2023–03873 Filed 2–21–23; 4:15 pm]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
34836; File No. 812–15356]
The RBB Fund, Inc., et al.
February 17, 2023.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice.
AGENCY:
Notice of an application under section
6(c) of the Investment Company Act of
1940 (the ‘‘Act’’) for an exemption from
sections 2(a)(32), 5(a)(1), 22(d) and 22(e)
of the Act and rule 22c–1 under the Act
and under sections 6(c) and 17(b) of the
Act for an exemption from sections
17(a)(1) and 17(a)(2) of the Act.
SUMMARY OF APPLICATION: Applicants
request an order (‘‘Order’’) that permits:
(a) The Funds (as defined in the
Applicants’ application) to issue shares
(‘‘Shares’’) redeemable in large
aggregations only (‘‘creation units’’); (b)
secondary market transactions in Shares
to occur at negotiated market prices
PO 00000
Frm 00096
Fmt 4703
Sfmt 4703
rather than at net asset value; (c) certain
Funds to pay redemption proceeds,
under certain circumstances, more than
seven days after the tender of Shares for
redemption; and (d) certain affiliated
persons of a Fund to deposit securities
into, and receive securities from, the
Fund in connection with the purchase
and redemption of creation units. The
relief in the Order would incorporate by
reference terms and conditions of the
same relief of a previous order granting
the same relief sought by applicants, as
that order may be amended from time to
time (‘‘Reference Order’’).1
APPLICANTS: The RBB Fund, Inc.;
Summit Global Investments, LLC; and
Quasar Distributors, LLC.
FILING DATES: The application was filed
on June 22, 2022, and amended on
September 26, 2022, November 1, 2022,
and November 29, 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 Commission’s Secretary at
Secretarys-Office@sec.gov and serving
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 March 14, 2023, 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.
ADDRESSES: The Commission:
Secretarys-Office@sec.gov. Applicants:
Steven Plump, The RBB Fund, Inc.,
splump@rbbfund.com; Jillian L.
Bosmann, Esq., Faegre Drinker Biddle &
Reath LLP, jillian.bosmann@
faegredrinker.com.
FOR FURTHER INFORMATION CONTACT:
Stephan N. Packs, Senior Counsel, or
Terri G. Jordan, Branch Chief, at (202)
551–6825 (Chief Counsel’s Office,
Division of Investment Management).
SUPPLEMENTARY INFORMATION: For
Applicants’ representations, legal
1 Blue Tractor ETF Trust and Blue Tractor Group,
LLC, Investment Company Act Rel. Nos. 33682
(Nov. 14, 2019) (notice) and 33710 (Dec. 10, 2019)
(order).
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]]>Agencies
[Federal Register Volume 88, Number 36 (Thursday, February 23, 2023)]
[Notices]
[Pages 11497-11498]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-03776]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 34835; File No. 812-15352]
The RBB Fund, Inc., et al.
February 17, 2023.
AGENCY: Securities and Exchange Commission (``Commission'').
ACTION: Notice.
-----------------------------------------------------------------------
Notice of an application under section 6(c) of the Investment
Company Act of 1940 (the ``Act'') for an exemption from sections
2(a)(32), 5(a)(1), 22(d) and 22(e) of the Act and rule 22c-1 under the
Act and under sections 6(c) and 17(b) of the Act for an exemption from
sections 17(a)(1) and 17(a)(2) of the Act.
SUMMARY OF APPLICATION: Applicants request an order (``Order'') that
permits: (a) The Funds (as defined in the Applicants' application) to
issue shares (``Shares'') redeemable in large aggregations only
(``creation units''); (b) secondary market transactions in Shares to
occur at negotiated market prices rather than at net asset value; (c)
certain Funds to pay redemption proceeds, under certain circumstances,
more than seven days after the tender of Shares for redemption; and (d)
certain affiliated persons of a Fund to deposit securities into, and
receive securities from, the Fund in connection with the purchase and
redemption of creation units. The relief in the Order would incorporate
by reference terms and conditions of the same relief of a previous
order granting the same relief sought by applicants, as that order may
be amended from time to time (``Reference Order'').\1\
---------------------------------------------------------------------------
\1\ Natixis ETF Trust II, et al., Investment Company Act Rel.
Nos. 33684 (November 14, 2019) (notice) and 33711 (December 10,
2019) (order).
APPLICANTS: The RBB Fund, Inc.; Summit Global Investments, LLC; and
---------------------------------------------------------------------------
Quasar Distributors, LLC.
FILING DATES: The application was filed on June 15, 2022, and amended
on September 26, 2022, November 1, 2022, and November 29, 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 Commission's Secretary at [email protected] and serving
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 March 14,
2023, 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.
ADDRESSES: The Commission: [email protected]. Applicants:
Steven Plump, The RBB Fund, Inc., [email protected]; Jillian L.
Bosmann, Esq., Faegre Drinker Biddle & Reath LLP,
[email protected].
FOR FURTHER INFORMATION CONTACT: Stephan N. Packs, Senior Counsel, or
Terri G. Jordan, Branch Chief, at (202) 551-6825 (Chief Counsel's
Office, Division of Investment Management).
SUPPLEMENTARY INFORMATION: For Applicants' representations, legal
analysis, and conditions, please refer to Applicants' third amended and
restated application, dated November 29, 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/
[[Page 11498]]
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.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-03776 Filed 2-22-23; 8:45 am]
BILLING CODE 8011-01-P
