80 FR 31441 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

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

Page Range		31441-31441
FR Document		2015-13453

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

[Federal Register Volume 80, Number 105 (Tuesday, June 2, 2015)]
[Notices]
[Page 31441]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-13453]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    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 will hold a Closed Meeting on Thursday, June 4, 
2015 at 2 p.m.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the Closed Meeting. 
Certain staff members who have an interest in the matters also may be 
present.
    The General Counsel of the Commission, or her designee, has 
certified that, in her opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR 
200.402(a)(3), (a)(5), (a)(7), (a)(9)(ii) and (a)(10), permit 
consideration of the scheduled matter at the closed meeting.
    Commissioner Gallagher, as duty officer, voted to consider the 
items listed for the Closed Meeting in closed session.
    The subject matter of the Closed Meeting will be:
    Institution and settlement of injunctive actions;
    Institution and settlement of administrative proceedings;
    Litigation matter; and
    Other matters relating to enforcement proceedings.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.
    For further information and to ascertain what, if any, matters have 
been added, deleted or postponed, please contact the Office of the 
Secretary at (202) 551-5400.

    Dated: May 28, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-13453 Filed 5-29-15; 11:15 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 105 / Tuesday, June 2, 2015 / Notices 31441

provide that the fidelity insurance paperwork burden associated with rule SECURITIES AND EXCHANGE
company will provide all funds covered 17g–1’s requirements is two hours, one COMMISSION
by the bond with a copy of the hour each for a compliance attorney and
agreement, a copy of any claim on the the board of directors as a whole. The Sunshine Act Meeting
bond, and notification of the terms of time spent by a compliance attorney Notice is hereby given, pursuant to
the settlement of any claim prior to includes time spent filing reports with the provisions of the Government in the
execution of that settlement. Finally, a the Commission for fidelity losses (if Sunshine Act, Public Law 94–409, that
fund that is insured by a joint bond any) as well as paperwork associated the Securities and Exchange
must enter into an agreement with all with any notices to directors, and Commission will hold a Closed Meeting
other parties insured by the joint bond managing any updates to the bond and on Thursday, June 4, 2015 at 2 p.m.
regarding recovery under the bond. the joint agreement (if one exists). The Commissioners, Counsel to the
Filings With the Commission time spent by the board of directors as Commissioners, the Secretary to the
Upon the execution of a fidelity bond a whole includes any time spent Commission, and recording secretaries
or any amendment thereto, a fund must initially establishing the bond, as well will attend the Closed Meeting. Certain
file with the Commission within 10 as time spent on annual updates and staff members who have an interest in
days: (i) A copy of the executed bond or approvals. The Commission staff the matters also may be present.
any amendment to the bond, (ii) the therefore estimates the total ongoing The General Counsel of the
independent directors’ resolution paperwork burden hours per year for all Commission, or her designee, has
approving the bond, and (iii) a funds required by rule 17g–1 to be 6,638 certified that, in her opinion, one or
statement as to the period for which hours (3,319 funds x 2 hours = 6,638 more of the exemptions set forth in 5
premiums have been paid on the bond. hours). U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
In the case of a joint insured bond, a and 17 CFR 200.402(a)(3), (a)(5), (a)(7),
These estimates of average burden (a)(9)(ii) and (a)(10), permit
fund must also file: (i) A statement hours are made solely for the purposes
showing the amount the fund would consideration of the scheduled matter at
of the Paperwork Reduction Act. These the closed meeting.
have been required to maintain under estimates are not derived from a
the rule if it were insured under a single Commissioner Gallagher, as duty
comprehensive or even a representative officer, voted to consider the items
insured bond; and (ii) the agreement
survey or study of Commission rules. listed for the Closed Meeting in closed
between the fund and all other insured
The collection of information required session.
parties regarding recovery under the
by Rule 17g–1 is mandatory and will not The subject matter of the Closed
bond. A fund must also notify the
Commission in writing within five days be kept confidential. An agency may not Meeting will be:
of any claim or settlement on a claim conduct or sponsor, and a person is not Institution and settlement of
under the fidelity bond. required to respond to, a collection of injunctive actions;
information unless it displays a Institution and settlement of
Notices to Directors currently valid control number. administrative proceedings;
A fund must notify by registered mail The public may view the background Litigation matter; and
each member of its board of directors of: Other matters relating to enforcement
documentation for this information
(i) Any cancellation, termination, or proceedings.
collection at the following Web site:
modification of the fidelity bond at least At times, changes in Commission
www.reginfo.gov. Comments should be
45 days prior to the effective date; and priorities require alterations in the
directed to: (i) Desk Officer for the scheduling of meeting items.
(ii) the filing or settlement of any claim Securities and Exchange Commission,
under the fidelity bond when For further information and to
Office of Information and Regulatory ascertain what, if any, matters have been
notification is filed with the
Affairs, Office of Management and added, deleted or postponed, please
Commission.
Budget, Room 10102, New Executive contact the Office of the Secretary at
Rule 17g–1’s independent directors’
annual review requirements, fidelity Office Building, Washington, DC 20503, (202) 551–5400.
bond content requirements, joint bond or by sending an email to: Shagufta_
Dated: May 28, 2015.
agreement requirement, and the Ahmed@omb.eop.gov; and (ii) Pamela
Brent J. Fields,
required notices to directors are Dyson, Director/Chief Information
Secretary.
designed to ensure the safety of fund Officer, Securities and Exchange
[FR Doc. 2015–13453 Filed 5–29–15; 11:15 am]
assets against losses due to the conduct Commission, c/o Remi Pavlik-Simon,
BILLING CODE 8011–01–P
of persons who may obtain access to 100 F Street NE., Washington, DC
those assets. These requirements also 20549. Or, commenters may send an
seek to facilitate oversight of a fund’s email to: PRA_Mailbox@sec.gov.
fidelity bond. The rule’s required filings Comments must be submitted to OMB SMALL BUSINESS ADMINISTRATION
with the Commission are designed to within 30 days of this notice. [Disaster Declaration # 14299 and # 14300]
assist the Commission in monitoring Dated: May 28, 2015.
funds’ compliance with the fidelity Kentucky Disaster Number KY–00052
Robert W. Errett,
bond requirements.
U.S. Small Business
asabaliauskas on DSK5VPTVN1PROD with NOTICES

Deputy Secretary. AGENCY:
Based on conversations with
representatives in the fund industry, the [FR Doc. 2015–13382 Filed 6–1–15; 8:45 am] Administration.
Commission staff estimates that for each BILLING CODE 8011–01–P ACTION: Amendment 1.
of the estimated 3,319 active funds
SUMMARY: This is an amendment of the
(respondents),1 the average annual
Presidential declaration of a major
1 Based on statistics compiled by Commission disaster for Public Assistance Only for
staff, we estimate that there are approximately 3,319 information under rule 17g–1 and have made a the Commonwealth of Kentucky
funds that must comply with the collections of filing within the last 12 months. (FEMA–4217–DR), dated 05/01/2015.

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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 31441