80 FR 31437 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 105 (June 2, 2015)

Page Range		31437-31438
FR Document		2015-13380
Federal Register, Volume 80 Issue 105 (Tuesday, June 2, 2015)
[Federal Register Volume 80, Number 105 (Tuesday, June 2, 2015)]
[Notices]
[Pages 31437-31438]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-13380]


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SECURITIES AND EXCHANGE COMMISSION

[Extension: Form N-4; OMB Control No. 3235-0318, SEC File No. 270-282]


Submission for OMB Review; Comment Request

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 et seq.), the Securities and Exchange 
Commission (the ``Commission'') has submitted to the Office of 
Management and Budget (``OMB'') a request for extension of the 
previously approved collection of information discussed below.
    The collection of information is entitled: ``Form N-4 (17 CFR 
239.17b) under the Securities Act of 1933 and (17 CFR 274.11c) under 
the Investment Company Act of 1940, registration statement of separate 
accounts organized as unit investment trust.'' Form N-4 is the form 
used by insurance company separate accounts organized as unit 
investment trusts that offer variable annuity contracts to register as 
investment companies under the Investment Company Act of 1940 (15 
U.S.C. 80a-1 et seq.) and/or to register their securities under the 
Securities Act of 1933 (15 U.S.C. 77a et seq.). Section 5 of the 
Securities Act (15 U.S.C. 77e) requires the filing of a registration 
statement prior to the offer of securities to the public and that the 
registration statement be effective before any securities are sold, and 
Section 8 of the Investment Company Act (15 U.S.C. 80a-8) provides for 
the registration of investment companies. Pursuant to Form N-4, 
separate accounts organized as unit investment trusts that offer 
variable annuity contracts provide investors with a prospectus and a 
statement of additional information covering essential information 
about a separate account. 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 or at the time of sale or 
delivery of securities.
    The purpose of Form N-4 is to meet the filing and disclosure 
requirements of the Securities Act and the Investment Company Act and 
to enable filers to provide investors with information necessary to 
evaluate an investment in a security. The information required to be 
filed with the Commission permits verification of compliance with 
securities law requirements and assures the public availability and 
dissemination of the information.
    The estimated annual number of filings on Form N-4 is 210 initial 
registration statements and 1,443 post-effective amendments. The 
estimated average number of portfolios per filing is one, both for 
initial registration statements and post-effective amendments on Form 
N-4. Accordingly, the estimated number of portfolios referenced in 
initial Form N-4 filings annually is 210 and the estimated number of 
portfolios referenced in post-effective amendment filings on Form N-4 
annually is 1,443. The estimate of the annual hour burden for Form N-4 
is approximately 278.5 hours per initial registration statement and 
197.25 hours per post-effective amendment, for a total of 343,116.75 
hours ((210 initial registration statements x 278.5 hours) + (1,443 
post-effective amendments x 197.25 hours)).
    The current estimated annual cost burden for preparing an initial 
Form N-4 filing is $23,013 per portfolio and the current estimated 
annual cost burden for preparing a post-effective amendment filing on 
Form N-4 is $21,813 per portfolio. The Commission estimates that, on an 
annual basis, 210 portfolios will be referenced in initial Form N-4 
filings and 1,443 portfolios will be referenced in post-effective 
amendment filings on Form N-4. Thus, the estimated total annual cost 
burden allocated to Form N-4 would be $36,308,889 ((210 x $23,013) + 
(1,443 x $21,813)).
    Providing the information required by Form N-4 is mandatory. 
Responses will not be kept confidential. Estimates of average burden 
hours are made solely for the purposes of the Paperwork Reduction Act, 
and are not derived from a comprehensive or even a representative 
survey or study of the costs of Commission rules and forms. 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 the background documentation for this 
information collection at the following Web site, www.reginfo.gov. 
Comments should be directed to: (i) Desk Officer for the

[[Page 31438]]

Securities and Exchange Commission, Office of Information and 
Regulatory Affairs, Office of Management and Budget, Room 10102, New 
Executive Office Building, Washington, DC 20503, or by sending an email 
to: [email protected]; and (ii) Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send an email 
to: [email protected]. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: May 28, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-13380 Filed 6-1-15; 8:45 am]
 BILLING CODE 8011-01-P
Federal Register / Vol. 80, No. 105 / Tuesday, June 2, 2015 / Notices 31437

excluding broker’s fees contemplated by For the Commission, by the Division of The purpose of Form N–4 is to meet
section 17(e) or 57(k) of the Act, as Investment Management, under delegated the filing and disclosure requirements of
applicable), received in connection with authority. the Securities Act and the Investment
a Co-Investment Transaction will be Robert W. Errett, Company Act and to enable filers to
distributed to the participating Deputy Secretary. provide investors with information
Regulated Funds and Affiliated Funds [FR Doc. 2015–13321 Filed 6–1–15; 8:45 am] necessary to evaluate an investment in
on a pro rata basis based on the amounts BILLING CODE 8011–01–P a security. The information required to
they invested or committed, as the case be filed with the Commission permits
may be, in such Co-Investment verification of compliance with
Transaction. If any transaction fee is to SECURITIES AND EXCHANGE securities law requirements and assures
be held by an Adviser pending COMMISSION the public availability and
consummation of the transaction, the dissemination of the information.
fee will be deposited into an account [Extension: Form N–4; OMB Control No. The estimated annual number of
maintained by such Adviser at a bank or 3235–0318, SEC File No. 270–282] filings on Form N–4 is 210 initial
banks having the qualifications registration statements and 1,443 post-
Submission for OMB Review; effective amendments. The estimated
prescribed in section 26(a)(1) of the Act,
and the account will earn a competitive Comment Request average number of portfolios per filing
rate of interest that will also be divided Upon Written Request, Copies Available is one, both for initial registration
pro rata among the participating From: Securities and Exchange statements and post-effective
Regulated Funds and Affiliated Funds Commission, Office of FOIA Services, amendments on Form N–4.
based on the amounts they invest in 100 F Street NE., Washington, DC Accordingly, the estimated number of
such Co-Investment Transaction. None 20549–2736. portfolios referenced in initial Form N–
of the Affiliated Funds, the Advisers, 4 filings annually is 210 and the
Notice is hereby given that, pursuant
the other Regulated Funds or any estimated number of portfolios
to the Paperwork Reduction Act of 1995
affiliated person of the Regulated Funds referenced in post-effective amendment
(44 U.S.C. 3501 et seq.), the Securities
or Affiliated Funds will receive filings on Form N–4 annually is 1,443.
and Exchange Commission (the
additional compensation or The estimate of the annual hour burden
‘‘Commission’’) has submitted to the
remuneration of any kind as a result of for Form N–4 is approximately 278.5
Office of Management and Budget hours per initial registration statement
or in connection with a Co-Investment
(‘‘OMB’’) a request for extension of the and 197.25 hours per post-effective
Transaction (other than (a) in the case
previously approved collection of amendment, for a total of 343,116.75
of the Regulated Funds and Affiliated
information discussed below. hours ((210 initial registration
Funds, the pro rata transaction fees
The collection of information is statements × 278.5 hours) + (1,443 post-
described above and fees or other
entitled: ‘‘Form N–4 (17 CFR 239.17b) effective amendments × 197.25 hours)).
compensation described in condition
under the Securities Act of 1933 and (17 The current estimated annual cost
2(c)(iii)(C), and (b) in the case of an
CFR 274.11c) under the Investment burden for preparing an initial Form
Adviser, investment advisory fees paid
in accordance with the agreement Company Act of 1940, registration N–4 filing is $23,013 per portfolio and
between the Adviser and the Regulated statement of separate accounts the current estimated annual cost
Fund or Affiliated Fund). organized as unit investment trust.’’ burden for preparing a post-effective
14. The Advisers will maintain Form N–4 is the form used by insurance amendment filing on Form N–4 is
written policies and procedures company separate accounts organized as $21,813 per portfolio. The Commission
reasonably designed to ensure unit investment trusts that offer variable estimates that, on an annual basis, 210
compliance with the foregoing annuity contracts to register as portfolios will be referenced in initial
conditions. These policies and investment companies under the Form N–4 filings and 1,443 portfolios
procedures will require, among other Investment Company Act of 1940 (15 will be referenced in post-effective
things, that GBA will be notified of all U.S.C. 80a–1 et seq.) and/or to register amendment filings on Form N–4. Thus,
Potential Co-Investment Transactions their securities under the Securities Act the estimated total annual cost burden
that fall within Griffin BSP’s then- of 1933 (15 U.S.C. 77a et seq.). Section allocated to Form N–4 would be
current Objectives and Strategies and 5 of the Securities Act (15 U.S.C. 77e) $36,308,889 ((210 × $23,013) + (1,443 ×
will be given sufficient information to requires the filing of a registration $21,813)).
make its independent determination statement prior to the offer of securities Providing the information required by
and recommendations under conditions to the public and that the registration Form N–4 is mandatory. Responses will
1, 2(a), 7 and 8. statement be effective before any not be kept confidential. Estimates of
15. If the Holders own in the aggregate securities are sold, and Section 8 of the average burden hours are made solely
more than 25% of the outstanding Investment Company Act (15 U.S.C. for the purposes of the Paperwork
Shares of a Regulated Fund, then the 80a–8) provides for the registration of Reduction Act, and are not derived from
Holders will vote such Shares as investment companies. Pursuant to a comprehensive or even a
directed by an independent third party Form N–4, separate accounts organized representative survey or study of the
(such as the trustee of a voting trust or as unit investment trusts that offer costs of Commission rules and forms.
a proxy adviser) when voting on (1) the variable annuity contracts provide An agency may not conduct or sponsor,
investors with a prospectus and a and a person is not required to respond
asabaliauskas on DSK5VPTVN1PROD with NOTICES

election of directors; (2) the removal of
one or more directors; or (3) any matters statement of additional information to, a collection of information unless it
requiring approval by the vote of a covering essential information about a displays a currently valid control
majority of the outstanding voting separate account. Section 5(b) of the number.
securities, as defined in section 2(a)(42) Securities Act requires that investors be The public may view the background
of the Act. provided with a prospectus containing documentation for this information
the information required in a collection at the following Web site,
transaction fees received in connection with any registration statement prior to or at the www.reginfo.gov. Comments should be
Co-Investment Transaction. time of sale or delivery of securities. directed to: (i) Desk Officer for the

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31438 Federal Register / Vol. 80, No. 105 / Tuesday, June 2, 2015 / Notices

Securities and Exchange Commission, The text of the proposed rule change is its Charter and By-Laws to effectuate its
Office of Information and Regulatory available on the Exchange’s Web site at name change to Nasdaq, Inc. The
Affairs, Office of Management and http://nasdaq.cchwallstreet.com, at the Exchange believes that the changes will
Budget, Room 10102, New Executive principal office of the Exchange, and at protect investors and the public interest
Office Building, Washington, DC 20503, the Commission’s Public Reference by eliminating confusion that may exist
or by sending an email to: Shagufta_ Room. because of differences between the
Ahmed@omb.eop.gov; and (ii) Pamela II. Self-Regulatory Organization’s Company’s corporate name and its
Dyson, Director/Chief Information Statement of the Purpose of, and current global branding.
Officer, Securities and Exchange Statutory Basis for, the Proposed Rule B. Self-Regulatory Organization’s
Commission, c/o Remi Pavlik-Simon, Change Statement on Burden on Competition
100 F Street NE., Washington, DC 20549
or send an email to: PRA_Mailbox@ In its filing with the Commission, the Because the proposed rule change
sec.gov. Comments must be submitted to Exchange included statements relates to the governance of NASDAQ
OMB within 30 days of this notice. concerning the purpose of and basis for OMX and not to the operations of the
the proposed rule change and discussed Exchange, the Exchange does not
Dated: May 28, 2015. any comments it received on the believe that the proposed rule change
Robert W. Errett, proposed rule change. The text of these will impose any burden on competition
Deputy Secretary. statements may be examined at the not necessary or appropriate in
[FR Doc. 2015–13380 Filed 6–1–15; 8:45 am] places specified in Item IV below. The furtherance of the purposes of the Act.
BILLING CODE 8011–01–P Exchange has prepared summaries, set
forth in sections A, B, and C below, of C. Self-Regulatory Organization’s
the most significant aspects of such Statement on Comments on the
SECURITIES AND EXCHANGE statements. Proposed Rule Change Received From
COMMISSION Members, Participants, or Others
A. Self-Regulatory Organization’s
[Release No. 34–75052; File No. SR– Statement of the Purpose of, and No written comments were either
NASDAQ–2015–058] Statutory Basis for, the Proposed Rule solicited or received.
Change III. Date of Effectiveness of the
Self-Regulatory Organizations; The Proposed Rule Change and Timing for
NASDAQ Stock Market LLC; Notice of 1. Purpose
Commission Action
Filing of Proposed Rule Change To As part of an ongoing global
Amend the Amended and Restated rebranding initiative, the Company has Within 45 days of the date of
Certificate of Incorporation and By- begun to refer to itself, both internally publication of this notice in the Federal
Laws of The NASDAQ OMX Group, Inc. and externally, as Nasdaq, rather than Register or within such longer period (i)
NASDAQ OMX. For purposes of as the Commission may designate up to
May 27, 2015. 90 days of such date if it finds such
consistency with its marketing,
Pursuant to section 19(b)(1) of the communications and other materials, longer period to be appropriate and
Securities Exchange Act of 1934 (the the Company has decided to change the publishes its reasons for so finding or
‘‘Act’’),1 and Rule 19b–4 thereunder,2 legal names of NASDAQ OMX and (ii) as to which the Exchange consents,
notice is hereby given that on May 19, certain of its subsidiaries to eliminate the Commission shall: (a) By order
2015, The NASDAQ Stock Market LLC references to OMX. The Company approve or disapprove such proposed
(‘‘NASDAQ’’ or ‘‘Exchange’’) filed with therefore proposes to amend its Charter rule change, or (b) institute proceedings
the Securities and Exchange and By-Laws to change its legal name to determine whether the proposed rule
Commission (‘‘SEC’’ or ‘‘Commission’’) from The NASDAQ OMX Group, Inc. to change should be disapproved.
the proposed rule change as described Nasdaq, Inc.
in Items I, II, and III below, which Items IV. Solicitation of Comments
Specifically, the Company proposes to
have been prepared by the Exchange. file a Certificate of Amendment to its Interested persons are invited to
The Commission is publishing this Charter with the Secretary of State of the submit written data, views, and
notice to solicit comments on the State of Delaware to amend Article First arguments concerning the foregoing,
proposed rule change from interested of the Charter to reflect the new name. including whether the proposed rule
persons. In addition, the Company proposes to change is consistent with the Act.
amend the title and Article I(f) of the Comments may be submitted by any of
I. Self-Regulatory Organization’s the following methods:
Statement of the Terms of Substance of By-Laws to reflect the new name.
the Proposed Rule Change 2. Statutory Basis Electronic Comments
The Exchange is filing this proposed The Exchange believes that its • Use the Commission’s Internet
rule change with respect to amendments proposal is consistent with section 6(b) comment form (http://www.sec.gov/
of the Amended and Restated Certificate of the Act,3 in general, and furthers the rules/sro.shtml); or
of Incorporation (the ‘‘Charter’’) and By- objectives of section 6(b)(5) of the Act,4 • Send an email to rule-comments@
Laws (the ‘‘By-Laws’’) of its parent in particular, in that it is designed to sec.gov. Please include File Number
corporation, The NASDAQ OMX Group, promote just and equitable principles of SR–NASDAQ–2015–058 on the subject
line.
asabaliauskas on DSK5VPTVN1PROD with NOTICES

Inc. (‘‘NASDAQ OMX’’ or the trade, to remove impediments to and
‘‘Company’’), to change the name of the perfect the mechanism of a free and Paper Comments
Company to Nasdaq, Inc. The proposed open market and a national market
amendments will be implemented on a system, and, in general to protect • Send paper comments in triplicate
date designated by NASDAQ OMX investors and the public interest. The to Brent J. Fields, Secretary, Securities
following approval by the Commission. Company is proposing amendments to and Exchange Commission, 100 F Street
NE., Washington, DC 20549–1090.
1 15 U.S.C. 78s(b)(1). 3 15 U.S.C. 78f(b). All submissions should refer to File
2 17 CFR 240.19b–4. 4 15 U.S.C. 78f(b)(5). Number SR–NASDAQ–2015–058. This

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Document Created: 2015-12-15 15:12:24
Document Modified: 2015-12-15 15:12:24
Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		80 FR 31437