PGIM Investments LLC and PGIM Private Credit Fund, 32261 [2023-10782]
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Federal Register / Vol. 88, No. 97 / Friday, May 19, 2023 / Notices
information submitted to the Central
Repository and whether the correction
of certain data fields over others should
be prioritized from the Participants; 13
(3) a one-time report on the impact of
tiered fees on market liquidity,
including an analysis of the impact of
the tiered-fee structure on Industry
Members provision of liquidity from the
Participants; 14 and (4) an assessment of
the projected impact of any Material
Systems Change on the Maximum Error
Rate, prior to the implementation of
such Material Systems Change from the
Participants; 15
The Commission believes that the
CAT NMS Plan, once fully
implemented, will improve the quality
of the data available to regulators in four
areas that affect the ultimate
effectiveness of core regulatory efforts—
completeness, accuracy, accessibility
and timeliness.16 The improvements in
these data qualities would substantially
improve regulators’ ability to perform
analysis and reconstruction of market
events, and market analysis and
research to inform policy decisions, as
well as perform regulatory activities, in
particular market surveillance,
examinations, investigations, and other
enforcement functions.
The Commission estimates that 1375
respondents 17 will require an aggregate
total of approximately 4,931,332 hours
per year to comply with the collection
of information. The Commission further
estimates that the aggregate cost to
comply with the collection of
information will be approximately
$328,627,524 per year.
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
estimates of the burden of the proposed
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
13 Id.
ddrumheller on DSK120RN23PROD with NOTICES1
14 Id.
at 84941–84942.
15 Id. at 84942. The Commission believes that four
assessments would be filed annually.
16 See CAT NMS Plan Order, supra note 3, at
45727 (discussing four ‘‘qualities’’ of trade and
order data that impact the effectiveness of core
Participant and Commission regulatory efforts:
accuracy, completeness, accessibility, and
timeliness).
17 The Commission notes that 25 Participants (the
24 national securities exchanges and one national
securities association) and 1,350 broker-dealers
subject to information collections requirements
pursuant to Rule 613 and the CAT NMS Plan.
VerDate Sep<11>2014
18:30 May 18, 2023
Jkt 259001
32261
of automated collection techniques or
other forms of information technology.
Consideration will be given to
comments and suggestions submitted by
July 18, 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.
address is listed for the relevant
Applicant below. Hearing requests
should be received by the Commission
by 5:30 p.m. on June 12, 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.
Dated: May 16, 2023.
Sherry R. Haywood,
Assistant Secretary.
ADDRESSES:
[FR Doc. 2023–10781 Filed 5–18–23; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
34917; File No. 812–15401]
PGIM Investments LLC and PGIM
Private Credit Fund
Securities and Exchange
Commission (‘‘Commission’’ or ‘‘SEC’’).
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 18(a)(2), 18(c), 18(i) and section
61(a) of the Act.
SUMMARY OF APPLICATION: Applicants
request an order to permit certain
closed-end management investment
companies that have elected to be
regulated as business development
companies to issue multiple classes of
shares with varying sales loads and
asset-based distribution and/or service
fees.
APPLICANTS: PGIM Investments LLC and
PGIM Private Credit Fund.
FILING DATES: The application was filed
on November 1, 2022, and amended on
May 5, 2023.
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
Frm 00086
FOR FURTHER INFORMATION CONTACT:
Stephan N. Packs, Senior Counsel, or
Terri G. Jordan, Branch Chief, at (202)
551–6825 (Division of Investment
Management, Chief Counsel’s Office).
For
Applicants’ representations, legal
analysis, and condition, please refer to
Applicants’ amended and restated
application, dated May 5, 2023, 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.
SUPPLEMENTARY INFORMATION:
May 16, 2023.
PO 00000
The Commission:
Secretarys-Office@sec.gov. The
Applicants: Claudia DiGiacomo,
claudia.digiacomo@pgim.com; Debra
Rubano, debra.rubano@prudential.com;
Benjamin C. Wells, bwells@stblaw.com;
and Ryan Brizek, ryan.brizek@
stblaw.com.
Fmt 4703
Sfmt 9990
For the Commission, by the Division of
Investment Management, under delegated
authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–10782 Filed 5–18–23; 8:45 am]
BILLING CODE 8011–01–P
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[Federal Register Volume 88, Number 97 (Friday, May 19, 2023)]
[Notices]
[Page 32261]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-10782]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 34917; File No. 812-15401]
PGIM Investments LLC and PGIM Private Credit Fund
May 16, 2023.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
-----------------------------------------------------------------------
Notice of an application under section 6(c) of the Investment
Company Act of 1940 (the ``Act'') for an exemption from sections
18(a)(2), 18(c), 18(i) and section 61(a) of the Act.
Summary of Application: Applicants request an order to permit certain
closed-end management investment companies that have elected to be
regulated as business development companies to issue multiple classes
of shares with varying sales loads and asset-based distribution and/or
service fees.
Applicants: PGIM Investments LLC and PGIM Private Credit Fund.
Filing Dates: The application was filed on November 1, 2022, and
amended on May 5, 2023.
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 June 12,
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]. The Applicants:
Claudia DiGiacomo, [email protected]; Debra Rubano,
[email protected]; Benjamin C. Wells, [email protected]; and
Ryan Brizek, [email protected].
FOR FURTHER INFORMATION CONTACT: Stephan N. Packs, Senior Counsel, or
Terri G. Jordan, Branch Chief, at (202) 551-6825 (Division of
Investment Management, Chief Counsel's Office).
SUPPLEMENTARY INFORMATION: For Applicants' representations, legal
analysis, and condition, please refer to Applicants' amended and
restated application, dated May 5, 2023, 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.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-10782 Filed 5-18-23; 8:45 am]
BILLING CODE 8011-01-P
