80 FR 36030 - Submission for OMB Review; Comment Request
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 120 (June 23, 2015)
Federal Register Volume 80, Issue 120 (June 23, 2015)
| Page Range | 36030-36031 | |
| FR Document | 2015-15379 |
[Federal Register Volume 80, Number 120 (Tuesday, June 23, 2015)] [Notices] [Pages 36030-36031] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-15379] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Extension: Form N-5; OMB Control No. 3235-0169, SEC File No. 270-172] Submission for OMB Review; Comment Request Upon Written Request, Copy 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. Form N-5 (17 CFR 239.24 and 274.5) is the form used by small business investment companies (``SBICs'') to register their securities under the Securities Act of 1933 (15 U.S.C. 77a et seq.) (``Securities Act'') and the Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) (``Investment Company Act''). Form N-5 is the registration statement form adopted by the Commission for use by an SBIC that has been licensed as such under the Small Business Investment Act of 1958 or which has received the preliminary approval of the Small Business Administration (``SBA'') and has been notified by the SBA that the company may submit a license application Form N-5 is an integrated registration form and may be used as the registration statement under both the Securities Act and the Investment Company Act. The purpose of Form N-5 is to meet the filing and disclosure requirements of both the Securities Act and Investment Company Act, and to provide investors with information sufficient to evaluate an investment in an SBIC. The information that is 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 Commission has received one filing on Form N-5 in the last three years, and we therefore estimate that SBICs will file about 0.333 filings on Form N-5 per year. The currently approved burden of Form N-5 is 352 hours per response. Therefore, the number of currently approved aggregate burden hours, when calculated using the current estimate for number of filings is about 117 hours per year. The currently approved cost burden of Form [[Page 36031]] N-5 is $30,000 per filing. We continue to believe this estimate for Form N-5's cost burden is appropriate. Therefore, we estimate that the aggregate cost burden, when calculated using the Commission's estimate of 0.333 filings per year, is about $10,000 in external costs per year. Estimates of average burden hours and costs are made solely for the purposes of the Paperwork Reduction Act, and are not derived from a comprehensive or even representative survey or study of the costs of Commission rules and forms. Compliance with the collection of information requirements of Form N-5 is 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 OMB 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 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: Shagufta_Ahmed@omb.eop.gov; and (ii) Pamela Dyson, Chief Information Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: June 18, 2015. Brent Fields, Secretary. [FR Doc. 2015-15379 Filed 6-22-15; 8:45 am] BILLING CODE 8011-01-P
![36030 Federal Register / Vol. 80, No. 120 / Tuesday, June 23, 2015 / Notices
parties and intend to consider this reasonable. Permitting the SROs to SECURITIES AND EXCHANGE
factor, among others, in determining accept revised Bids prior to Commission COMMISSION
when to narrow the list of Shortlisted approval of the CAT NMS Plan, and to
Bidders.27 [Extension: Form N–5; OMB Control No.
narrow the number of Shortlisted Bids
The SROs concur with FIF in the 3235–0169, SEC File No. 270–172]
prior to Commission approval of the
significance of retiring overlapping and CAT NMS Plan,30 will allow the SROs Submission for OMB Review;
redundant systems, but do not see this to position themselves to avoid any Comment Request
as linked to the proposed amendment to delays in selecting the CAT Plan
the Selection Plan. The SROs reiterate Upon Written Request, Copy Available
Processor,31 thus removing any
their commitment to the retirement of From: Securities and Exchange
impediments to meeting the additional
systems as provided in the CAT NMS Commission, Office of FOIA Services,
Plan,28 noting that the Plan describes deadlines set forth in Rule 613(a)(3).32
100 F Street NE., Washington, DC
the major data attributes that will be Regarding FIF’s recommendation that, 20549–2736.
required to retire such systems. Going prior to any Bid revisions, the SROs Notice is hereby given that, pursuant
forward, as additional technical provide Bidders with detailed to the Paperwork Reduction Act of 1995
specifications are developed in functional requirements concerning (44 U.S.C. 3501 et seq.), the Securities
accordance with milestones included in OATS, EBS, and Large Trader to and Exchange Commission (the
the CAT NMS Plan, the SROs will facilitate retirement of those systems, ‘‘Commission’’) has submitted to the
provide this information to Bidders. the Commission notes that the SROs’ Office of Management and Budget
IV. Discussion Response Letter outlines the steps taken (‘‘OMB’’) a request for extension of the
to date by the SROs to furnish pertinent previously approved collection of
After careful review of Amendment
information to assist in eliminating information discussed below.
No. 1, the comment received, and the
SROs’ response, the Commission finds redundant systems and contains Form N–5 (17 CFR 239.24 and 274.5)
that Amendment No. 1 is necessary or commitments to supplement that is the form used by small business
appropriate in the public interest, for material in the future as outlined in the investment companies (‘‘SBICs’’) to
the protection of investors and the CAT NMS Plan. register their securities under the
maintenance of fair and orderly markets, Securities Act of 1933 (15 U.S.C. 77a et
IV. Conclusion seq.) (‘‘Securities Act’’) and the
and to remove impediments to, and
perfect the mechanisms of, a national For the reasons discussed above, the Investment Company Act of 1940 (15
market system. The Commission Commission finds that Amendment No. U.S.C. 80a–1 et seq.) (‘‘Investment
believes Amendment No. 1 would 1 is necessary or appropriate in the Company Act’’). Form N–5 is the
provide the SROs with additional registration statement form adopted by
public interest, for the protection of
flexibility with respect to the process of the Commission for use by an SBIC that
investors and the maintenance of fair
reviewing Shortlisted Bids and selecting has been licensed as such under the
and orderly markets, and to remove
the CAT Plan Processor. Such Small Business Investment Act of 1958
impediments to, and perfect the or which has received the preliminary
additional flexibility is aimed at mechanisms of, a national market
allowing the SROs to be more efficient approval of the Small Business
system, or otherwise in furtherance of Administration (‘‘SBA’’) and has been
in selecting the CAT Plan Processor, the purposes of the Act.
which is particularly important given notified by the SBA that the company
additional deadlines contained in Rule It is therefore ordered, pursuant to may submit a license application Form
613(a)(3).29 The Commission believes section 11A of the Act,33 and the rules N–5 is an integrated registration form
that the SROs’ explanation that they thereunder, that Amendment No. 1 to and may be used as the registration
prefer to retain flexibility in the process the Selection Plan be, and it hereby is, statement under both the Securities Act
to select the Plan Processor, without any approved. and the Investment Company Act. The
additional conditions or restrictions, in purpose of Form N–5 is to meet the
By the Commission.
response to FIF’s suggestion that they filing and disclosure requirements of
Brent J. Fields, both the Securities Act and Investment
narrow the list of Bidders before
allowing Bidders to revise their Bids, is Secretary. Company Act, and to provide investors
[FR Doc. 2015–15365 Filed 6–22–15; 8:45 am] with information sufficient to evaluate
27 Id. BILLING CODE 8011–01–P an investment in an SBIC. The
28 Rule 613(a)(viii) requires ‘‘a plan to eliminate information that is required to be filed
existing audit trail rules and systems (or with the Commission permits
components thereof) that will be rendered verification of compliance with
duplicative by the consolidated audit trail,
including identification of such audit trail rules and securities law requirements and assures
systems (or components thereof); to the extent that the public availability and
any existing audit trail rules or systems provide dissemination of the information.
information that is not rendered duplicative by the The Commission has received one
consolidated audit trail, an analysis of whether
collection of such information continues to be filing on Form N–5 in the last three
appropriate and, if so, whether such information
30 See Notice of Amendment No. 1, supra note 4,
years, and we therefore estimate that
could instead be incorporated into the consolidated at 7655, 57. SBICs will file about 0.333 filings on
audit trail; the steps the plan sponsors propose to 31 Rule 613(a)(3)(i) requires the Participants to
mstockstill on DSK4VPTVN1PROD with NOTICES
Form N–5 per year. The currently
take to seek Commission approval for the select the CAT Plan Processor within two months
elimination of such audit trail rules and systems (or approved burden of Form N–5 is 352
after effectiveness of the CAT NMS Plan. 17 CFR
components thereof); and a timetable for such 242.613(a)(3)(i).
hours per response. Therefore, the
elimination, including a description of how the 32 See, e.g., Rule 613(a)(3)(iii), which requires number of currently approved aggregate
plan sponsors propose to phase in the consolidated burden hours, when calculated using
audit trail and phase out such existing audit trail Participants to begin providing data to the central
rules and systems (or components thereof)[.]’’ 17 repository within one year after effectiveness of the the current estimate for number of
CFR 242.613(a)(viii). CAT NMS Plan. filings is about 117 hours per year. The
29 17 CFR 242.613(a)(3). 33 15 U.S.C. 78k–1. currently approved cost burden of Form
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![Federal Register / Vol. 80, No. 120 / Tuesday, June 23, 2015 / Notices 36031
N–5 is $30,000 per filing. We continue Avenue, Suite 206, Wayne, PA 19087, SSA is soliciting comments on the
to believe this estimate for Form N–5’s Federal Licensees under the Small accuracy of the agency’s burden
cost burden is appropriate. Therefore, Business Investment Act of 1958, as estimate; the need for the information;
we estimate that the aggregate cost amended (‘‘the Act’’), in connection its practical utility; ways to enhance its
burden, when calculated using the with the financing of a small concern, quality, utility, and clarity; and ways to
Commission’s estimate of 0.333 filings has sought an exemption under section minimize burden on respondents,
per year, is about $10,000 in external 312 of the Act and section 107.730, including the use of automated
costs per year. Financings which Constitute Conflicts collection techniques or other forms of
Estimates of average burden hours of Interest of the Small Business information technology. Mail, email, or
and costs are made solely for the Administration (‘‘SBA’’) Rules and fax your comments and
purposes of the Paperwork Reduction Regulations (13 CFR 107.730). recommendations on the information
Act, and are not derived from a Boathouse Capital II, L.P. provided collection(s) to the OMB Desk Officer
comprehensive or even representative financing to AvidXchange, Inc., 4421 and SSA Reports Clearance Officer at
survey or study of the costs of Stuart Andrew Boulevard, Suite 200, the following addresses or fax numbers.
Commission rules and forms. Charlotte, NC 28217. The financing was (OMB); Office of Management and
Compliance with the collection of contemplated for the acquisition of Budget, Attn: Desk Officer for SSA,
information requirements of Form N–5 Strongroom Solutions, Inc. and working Fax: 202–395–6974, Email address:
is mandatory. Responses to the capital purposes. OIRA_Submission@omb.eop.gov.
collection of information will not be The financing is brought within the
(SSA); Social Security Administration,
kept confidential. An agency may not purview of § 107.730(a)(1) of the
OLCA, Attn: Reports Clearance
conduct or sponsor, and a person is not Regulations because Boathouse Capital,
Director, 3100 West High Rise, 6401
required to respond to, a collection of L.P., an Associate of Boathouse Capital
Security Blvd., Baltimore, MD 21235,
information unless it displays a II, L.P., has the potential to own more
Fax: 410–966–2830, Email address:
currently valid OMB control number. than ten percent of AvidXchange.
The public may view the background OR.Reports.Clearance@ssa.gov.
Therefore, this transaction is considered
documentation for this information a financing of an Associate requiring an Or you may submit your comments
collection at the following Web site, exemption. online through www.regulations.gov,
www.reginfo.gov. Comments should be Notice is hereby given that any referencing Docket ID Number [SSA–
directed to: (i) Desk Officer for the interested person may submit written 2015–0035].
Securities and Exchange Commission, comments on the transaction within I. The information collections below
Office of Information and Regulatory fifteen days of the date of this are pending at SSA. SSA will submit
Affairs, Office of Management and publication to the Acting Associate them to OMB within 60 days from the
Budget, Room 10102, New Executive Administrator for Investment, U.S. date of this notice. To be sure we
Office Building, Washington, DC 20503, Small Business Administration, 409 consider your comments, we must
or by sending an email to: Shagufta_ Third Street SW., Washington, DC receive them no later than August 24,
Ahmed@omb.eop.gov; and (ii) Pamela 20416. 2015. Individuals can obtain copies of
Dyson, Chief Information Officer, the collection instruments by writing to
Javier Saade,
Securities and Exchange Commission, c/ the above email address.
Associate Administrator, Office of Investment
o Remi Pavlik-Simon, 100 F Street NE., 1. Physician’s/Medical Officer’s
& Innovation.
Washington, DC 20549 or send an email Statement of Patient’s Capability to
[FR Doc. 2015–15349 Filed 6–22–15; 8:45 am]
to: PRA_Mailbox@sec.gov. Comments Manage Benefits—20 CFR 404.2015 and
BILLING CODE P
must be submitted to OMB within 30 416.615—0960–0024. SSA appoints a
days of this notice. representative payee in cases where we
Dated: June 18, 2015. determine beneficiaries are not capable
SOCIAL SECURITY ADMINISTRATION
Brent Fields, of managing their own benefits. In those
Secretary. [Docket No: SSA–2015–0035] instances, we require medical evidence
[FR Doc. 2015–15379 Filed 6–22–15; 8:45 am] to determine the beneficiaries’
Agency Information Collection capability of managing or directing their
BILLING CODE 8011–01–P
Activities: Proposed Request and benefit payments. SSA collects medical
Comment Request evidence on Form SSA–787 to (1)
The Social Security Administration determine beneficiaries’ capability or
SMALL BUSINESS ADMINISTRATION
(SSA) publishes a list of information inability to handle their own benefits,
[License No. 03/03–0264] collection packages requiring clearance and (2) assist in determining the
by the Office of Management and beneficiaries’ need for a representative
Boathouse Capital II, L.P.; Notice payee. The respondents are
Budget (OMB) in compliance with
Seeking Exemption Under Section 312 beneficiaries’ physicians, or medical
Public Law 104–13, the Paperwork
of the Small Business Investment Act, officers of the institution in which the
Reduction Act of 1995, effective October
Conflicts of Interest beneficiary resides.
1, 1995. This notice includes revisions
Notice is hereby given that Boathouse and extensions of OMB-approved Type of Request: Revision of an OMB-
Capital II, L.P., 200 West Lancaster information collections. approved information collection.
mstockstill on DSK4VPTVN1PROD with NOTICES
Average Estimated total
Number of Frequency of burden per
Modality of completion annual burden
respondents response response (hours)
(minutes)
SSA–787 .......................................................................................................... 120,000 1 10 20,000
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Document Created: 2018-02-22 11:15:25
Document Modified: 2018-02-22 11:15:25
| 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 36030 |
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