Sunshine Act Meetings, 84001 [2023-26547]

Download as PDF Federal Register / Vol. 88, No. 230 / Friday, December 1, 2023 / Notices lotter on DSK11XQN23PROD with NOTICES1 information reported on Form N–RN regards events for certain open-end funds under which a fund’s holdings in assets that are highly liquid investments fall below the fund’s highly liquid investment minimum defined in rule 22e–4 for more than 7 consecutive calendar days. The third category of information reported on Form N–RN regards information about a fund’s breaches of the VaR test under rule 18f– 4. A report on Form N–RN is required to be filed, as applicable, within one business day of the occurrence of one or more of these events. In addition, a fund is in certain cases required to file a second Form N–RN when it is no longer in breach of the applicable limit. Based on historical filing data and projected estimates of the annual number of VAR-based filings, the staff estimates that the Commission will receive roughly 66 reports per year on Form N–RN on average When filing a report on Form N–RN, staff estimates that a fund will spend on average approximately 3 hours of a in house compliance attorney’s time and 1 hour of a senior programmer time to prepare, review, and submit Form NRN at a total time cost of $1,661.1 Accordingly, in the aggregate, staff estimates that compliance with rule 30b1–10 and Form N–LIQUID will result in a total annual burden of approximately 264 burden hours and total annual time costs of approximately $109,626.2 Compliance with rule 30b1–10 is mandatory for all funds. Responses to the disclosure requirements will be kept confidential. The estimate of average burden hours is made solely for the purposes of the PRA. The estimate is not derived from a comprehensive or even a representative survey or study of the costs of Commission rules. Complying with this collection of information requirement is necessary to enable the 1 This estimate is based on the following calculations: (3 hours × $425/hour for an in house compliance attorney = $1,275 plus (1 hour × $386/ hour for a senior programmer = $386, for a combined total of 4 hours at total time costs of $1,661. The estimates concerning the wage rates for an in house compliance attorney and a senior programmer time are based on salary information for the securities industry compiled by the Securities Industry and Financial Markets Association. The estimated wage figure is based on published rates for in-house compliance attorneys and senior programmers, modified to account for a 1,800-hour work-year and inflation, and multiplied by 5.35 to account for bonuses, firm size, employee benefits, and overhead. See Securities Industry and Financial Markets Association, Report on Management & Professional Earnings in the Securities Industry 2013. 2 This estimate is based on the following calculations: 66 reports filed per year × 4 hours per report = approximately 264 total annual burden hours. 66 reports filed per year × $1,661 in costs per report = $109,626 total annual costs. VerDate Sep<11>2014 18:47 Nov 30, 2023 Jkt 262001 Commission to receive information on fund liquidity events more uniformly and efficiently, and to enhance the Commission’s oversight of funds when significant liquidity events occur and its ability to respond to market events. 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. 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 within 30 days of publication of this notice by January 2, 2024 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: November 27, 2023. Christina Z. Milnor, Assistant Secretary. [FR Doc. 2023–26406 Filed 11–30–23; 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, December 7, 2023. The meeting will begin at 10:30 a.m. (ET) and will be open to the public. 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. PLACE: This Sunshine Act notice is being issued because a majority of the Commission may attend the meeting. STATUS: The public is invited to submit written statements to the Committee. Written statements should be received on or before December 6, 2023. Written statements may be submitted by any of the following methods: PO 00000 Frm 00106 Fmt 4703 Sfmt 9990 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 Paper Electronic Statements • Paper 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. The Commission will post all statements on the Commission’s website. 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. Operating conditions may limit access to the Commission’s Public Reference Room. Do not include personal information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright. The agenda for the meeting includes: welcome and introductory remarks; opening remarks; approval of previous meeting minutes; a panel discussion regarding practical applications for enhancing financial literacy; a panel discussion examining the use of complex investment products and strategies by self-directed investors—is the current approach working; a discussion of a recommendation regarding digital engagement practices; subcommittee and working group reports; and a nonpublic administrative session. MATTERS TO BE CONSIDERED: TIME AND DATE: PUBLIC COMMENT: 84001 CONTACT PERSON FOR MORE INFORMATION: For further information, please contact Vanessa A. Countryman from the Office of the Secretary at (202) 551–5400. Authority: 5 U.S.C. 552b. Dated: November 29, 2023. Vanessa A. Countryman, Secretary. [FR Doc. 2023–26547 Filed 11–29–23; 4:15 pm] BILLING CODE 8011–01–P E:\FR\FM\01DEN1.SGM 01DEN1

Agencies

[Federal Register Volume 88, Number 230 (Friday, December 1, 2023)]
[Notices]
[Page 84001]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-26547]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meetings

TIME AND DATE: 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, December 7, 2023. The meeting will 
begin at 10:30 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 
December 6, 2023.
    Written statements may be submitted by any of the following 
methods:

Electronic Statements

     Use the Commission's internet submission form (https://www.sec.gov/rules/other.shtml); or
     Send an email message to [email protected]. Please 
include File No. 265-28 on the subject line; or

Paper Electronic Statements

     Paper 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.
    The Commission will post all statements on the Commission's 
website. 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. Operating conditions may limit access 
to the Commission's Public Reference Room. Do not include personal 
information in submissions; you should submit only information that you 
wish to make available publicly. We may redact in part or withhold 
entirely from publication submitted material that is obscene or subject 
to copyright.

MATTERS TO BE CONSIDERED: The agenda for the meeting includes: welcome 
and introductory remarks; opening remarks; approval of previous meeting 
minutes; a panel discussion regarding practical applications for 
enhancing financial literacy; a panel discussion examining the use of 
complex investment products and strategies by self-directed investors--
is the current approach working; a discussion of a recommendation 
regarding digital engagement practices; subcommittee and working group 
reports; and a non-public administrative session.

CONTACT PERSON FOR MORE INFORMATION: For further information, please 
contact Vanessa A. Countryman from the Office of the Secretary at (202) 
551-5400.
    Authority: 5 U.S.C. 552b.

    Dated: November 29, 2023.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2023-26547 Filed 11-29-23; 4:15 pm]
BILLING CODE 8011-01-P
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