80 FR 61512 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 197 (October 13, 2015)

Page Range		61512-61513
FR Document		2015-25868
Federal Register, Volume 80 Issue 197 (Tuesday, October 13, 2015)
[Federal Register Volume 80, Number 197 (Tuesday, October 13, 2015)]
[Notices]
[Pages 61512-61513]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-25868]


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SECURITIES AND EXCHANGE COMMISSION


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.

Extension:
    Form N-8A. SEC File No. 270-135, OMB Control No. 3235-0175.

    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 Investment Company Act of 1940 (``Investment Company Act'') (15 
U.S.C. 80a-1 et seq.) requires investment companies to register with 
the Commission before they conduct any business in interstate commerce. 
Section 8(a) of the Investment Company Act provides that an investment 
company shall be deemed to be registered upon receipt by the Commission 
of a notification of registration in such form as the Commission 
prescribes. Form N-8A (17 CFR 274.10) is the form for notification of 
registration that the Commission has adopted under section 8(a). The 
purpose of such notification of registration provided on Form N-8A is 
to notify the Commission of the existence of investment companies 
required to be registered under the Investment Company Act and to 
enable the Commission to administer the provisions of the Investment 
Company Act with respect to those companies. After an investment 
company has filed its notification of registration under section 8(a), 
the company is then subject to the provisions of the Investment Company 
Act which govern certain aspects of its organization and activities, 
such as the composition of its board of directors and the issuance of 
senior securities. Form N-8A requires an investment company to provide 
its name, state of organization, form of organization, classification, 
the name and address of each investment adviser of the investment 
company, the current value of its total assets, and certain other 
information readily available to the investment company. If the 
investment company is filing a registration statement as required by 
Section 8(b) of the Investment Company Act concurrently with its 
notification of registration, Form N-8A requires only that the 
registrant file the cover page (giving its name, address, and agent for 
service of process) and sign the form in order to effect registration.
    Based on recent filings of notifications of registration on Form N-
8A, we estimate that about 92 investment companies file such 
notifications each year. An investment company must only file a 
notification of registration on Form N-8A once. The currently approved 
average hour burden per investment company of preparing and filing a 
notification of registration on Form N-8A is one hour. Based on the 
Commission staff's experience with the requirements of Form N-8A and 
with disclosure documents generally--and considering that investment 
companies that are filing notifications of registration on Form N-8A 
simultaneously with the registration statement under the Investment 
Company Act are only required by Form N-8A to file a signed cover 
page--we continue to believe that this estimate is appropriate. 
Therefore, we estimate that the total annual hour burden to prepare and 
file notifications of registration on Form N-8A is 92 hours. The 
currently approved cost burden of Form N-8A is $443 per filing. We are 
updating the estimated cost burden to $449 to account for the effects 
of inflation. Therefore, we estimate that the total annual cost burden 
to associated with preparing and filing notifications of registration 
on Form N-8A is about $41,308.
    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-8A 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: 
[email protected]; and (ii) Pamela Dyson, Director/Chief 
Information

[[Page 61513]]

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: October 6, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-25868 Filed 10-9-15; 8:45 am]
BILLING CODE 8011-01-P
61512 Federal Register / Vol. 80, No. 197 / Tuesday, October 13, 2015 / Notices

As a result of these changes, the Postal SECURITIES AND EXCHANGE registration, Form N–8A requires only
Service claims that IMRS–FPO COMMISSION that the registrant file the cover page
agreements will now ‘‘automatically (giving its name, address, and agent for
terminate’’ should the rates in the Submission for OMB Review; service of process) and sign the form in
agreement fall outside the IMRS–FPO Comment Request order to effect registration.
rate range most recently approved by Based on recent filings of notifications
Upon Written Request, Copy Available
the Commission. Id. at 1–2. The Postal of registration on Form N–8A, we
From: Securities and Exchange
Service asserts that the revisions to the estimate that about 92 investment
Commission, Office of FOIA Services,
model agreement are consistent with companies file such notifications each
100 F Street NE., Washington, DC
Order No. 2639. Id. at 1. year. An investment company must only
20549–2736.
file a notification of registration on
II. Notice of Commission Action Extension: Form N–8A once. The currently
In Order No. 2639, the Commission Form N–8A. SEC File No. 270–135, OMB approved average hour burden per
Control No. 3235–0175.
stated that once the Postal Service filed investment company of preparing and
a revised model agreement it would Notice is hereby given that, pursuant filing a notification of registration on
‘‘notice that filing for comment.’’ Order to the Paperwork Reduction Act of 1995 Form N–8A is one hour. Based on the
No. 2639 at 8. Accordingly, the (44 U.S.C. 3501 et seq.), the Securities Commission staff’s experience with the
Commission invites comments on and Exchange Commission (the requirements of Form N–8A and with
whether the Postal Service’s revised ‘‘Commission’’) has submitted to the disclosure documents generally—and
model agreement is consistent with the Office of Management and Budget considering that investment companies
Commission’s directive. Interested (‘‘OMB’’) a request for extension of the that are filing notifications of
persons, including the Public previously approved collection of registration on Form N–8A
Representative, may submit comments information discussed below. simultaneously with the registration
on the information in the Postal The Investment Company Act of 1940 statement under the Investment
Service’s Response no later than (‘‘Investment Company Act’’) (15 U.S.C. Company Act are only required by Form
October 15, 2015. James F. Callow will 80a–1 et seq.) requires investment N–8A to file a signed cover page—we
continue to serve as Public companies to register with the continue to believe that this estimate is
Representative in these proceedings. Commission before they conduct any appropriate. Therefore, we estimate that
business in interstate commerce. the total annual hour burden to prepare
III. Request for Supplemental Section 8(a) of the Investment Company and file notifications of registration on
Information Act provides that an investment Form N–8A is 92 hours. The currently
Article 9 of the revised model company shall be deemed to be approved cost burden of Form N–8A is
agreement states that, in the event that registered upon receipt by the $443 per filing. We are updating the
the prices in the agreement no longer Commission of a notification of estimated cost burden to $449 to
fall within the range most recently registration in such form as the account for the effects of inflation.
approved by the Commission, the Commission prescribes. Form N–8A (17 Therefore, we estimate that the total
agreement ‘‘shall expire sixty (60) days CFR 274.10) is the form for notification annual cost burden to associated with
after the effective date of the new rate of registration that the Commission has preparing and filing notifications of
range. . . .’’ Response, Attachment 1 at adopted under section 8(a). The purpose registration on Form N–8A is about
3. The Commission requests that the of such notification of registration $41,308.
Postal Service explain why IMRS–FPO provided on Form N–8A is to notify the Estimates of average burden hours
agreements cannot terminate sooner Commission of the existence of and costs are made solely for the
than sixty days after the effective date investment companies required to be purposes of the Paperwork Reduction
of a new rate range. The Postal Service’s registered under the Investment Act, and are not derived from a
response is due no later than October Company Act and to enable the comprehensive or even representative
13, 2015. Commission to administer the survey or study of the costs of
provisions of the Investment Company Commission rules and forms.
IV. Ordering Paragraphs Act with respect to those companies. Compliance with the collection of
It is ordered: After an investment company has filed information requirements of Form N–8A
1. Comments on the information in its notification of registration under is mandatory. Responses to the
the Postal Service’s Response are due no section 8(a), the company is then subject collection of information will not be
later than October 15, 2015. to the provisions of the Investment kept confidential. An agency may not
2. The Postal Service’s response to the Company Act which govern certain conduct or sponsor, and a person is not
request for supplemental information is aspects of its organization and activities, required to respond to, a collection of
due no later than October 13, 2015. such as the composition of its board of information unless it displays a
3. James F. Callow will continue to directors and the issuance of senior currently valid OMB control number.
serve as an officer of the Commission securities. Form N–8A requires an The public may view the background
(Public Representative) to represent the investment company to provide its documentation for this information
interests of the general public in these name, state of organization, form of collection at the following Web site,
proceedings. organization, classification, the name www.reginfo.gov. Comments should be
4. The Secretary shall arrange for and address of each investment adviser directed to: (i) Desk Officer for the
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publication of this order in the Federal of the investment company, the current Securities and Exchange Commission,
Register. value of its total assets, and certain Office of Information and Regulatory
other information readily available to Affairs, Office of Management and
By the Commission. the investment company. If the Budget, Room 10102, New Executive
Ruth Ann Abrams, investment company is filing a Office Building, Washington, DC 20503,
Acting Secretary. registration statement as required by or by sending an email to: Shagufta_
[FR Doc. 2015–25915 Filed 10–9–15; 8:45 am] Section 8(b) of the Investment Company Ahmed@omb.eop.gov; and (ii) Pamela
BILLING CODE 7710–FW–P Act concurrently with its notification of Dyson, Director/Chief Information

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Federal Register / Vol. 80, No. 197 / Tuesday, October 13, 2015 / Notices 61513

Officer, Securities and Exchange of those statements may be examined at trading in symbols migrated to the Pillar
Commission, c/o Remi Pavlik-Simon, the places specified in Item IV below. platform. In addition, the proposed new
100 F Street NE., Washington, DC 20549 The Exchange has prepared summaries, rules to support Pillar in this filing
or send an email to: PRA_Mailbox@ set forth in sections A, B, and C below, would use the terms and definitions
sec.gov. Comments must be submitted to of the most significant parts of such approved in the Pillar I Filing and
OMB within 30 days of this notice. statements. proposed in the Pillar II Filing and
Dated: October 6, 2015. A. Self-Regulatory Organization’s Pillar III Filing.8
Robert W. Errett, In this filing, the Exchange proposes
Statement of the Purpose of, and the
new Pillar Rule 7.35P relating to
Deputy Secretary. Statutory Basis for, the Proposed Rule
Change auctions. The Exchange also proposes to
[FR Doc. 2015–25868 Filed 10–9–15; 8:45 am]
change definitions in Rule 1.1.
BILLING CODE 8011–01–P
1. Purpose
Rule 1.1 Definitions
On April 30, 2015, the Exchange filed
its first rule filing relating to the Rule 1.1 sets forth definitions. In the
SECURITIES AND EXCHANGE Pillar I Filing, the Exchange amended
COMMISSION implementation of Pillar, which is an
integrated trading technology platform specified definitions and, in the Pillar II
[Release No. 34–76085; File No. SR– designed to use a single specification for Filing and the Pillar III Filing, proposed
NYSEARCA–2015–86] additional amendments to Rule 1.1.9 In
connecting to the equities and options
markets operated by NYSE Arca and its this filing, the Exchange proposes to
Self-Regulatory Organizations; NYSE amend Rules 1.1(r) and (s) to specify
Arca, Inc.; Notice of Filing of Proposed affiliates, New York Stock Exchange
LLC (‘‘NYSE’’) and NYSE MKT LLC that these definitions would be
Rule Change for New Equity Trading applicable only for auctions conducted
Rules Relating to Auctions for Pillar, (‘‘NYSE MKT’’).4 The Pillar I Filing,
which was approved on July 20, 2015, on the current trading platform.
the Exchange’s New Trading Current Rule 1.1(r) defines an
Technology Platform adopted new rules for Trading Sessions,
Order Ranking and Display, and Order Imbalance for the purposes of the
October 6, 2015. Execution.5 The second rule filing Opening Auction, the Market Order
Pursuant to Section 19(b)(1) 1 of the relating to the implementation of Pillar Auction, the Closing Auction, and the
Securities Exchange Act of 1934 (the proposes to adopt new rules for Orders Trading Halt Auction. Current Rule
‘‘Act’’) 2 and Rule 19b–4 thereunder,3 and Modifiers and the Retail Liquidity 1.1(s) defines the Indicative Match Price
notice is hereby given that, on Program.6 The third rule filing relating for the Opening Auction, the Market
September 22, 2015, NYSE Arca, Inc. to the implementation of Pillar proposes Order Auction, the Closing Auction, and
(the ‘‘Exchange’’ or ‘‘NYSE Arca’’) filed to adopt new rules for Trading Halts, the Trading Halt Auction. As discussed
with the Securities and Exchange Short Sales, Limit Up-Limit Down, and below, the Exchange proposes to define
Commission (the ‘‘Commission’’) the Odd Lots and Mixed Lots.7 the terms ‘‘Imbalance’’ and ‘‘Indicative
proposed rule change as described in This filing is the fourth and final set Match Price’’ for Pillar in Rule 7.35P,
Items I, II, and III below, which Items of proposed rule changes to support and therefore would not use these terms
have been prepared by the self- Pillar implementation and is intended as defined in current Rules 1.1(r) and
regulatory organization. The to be read together with the rules (s).
Commission is publishing this notice to approved in the Pillar I Filing, and the In order to specify that the current
solicit comments on the proposed rule proposed rule changes in the Pillar II Rules 1.1(r) and (s) definitions would be
change from interested persons. Filing and the Pillar III Filing. As applicable only to trading on the current
described in the Pillar I Filing, new trading platform, the Exchange proposes
I. Self-Regulatory Organization’s to specify that each definition is for
rules to govern trading on Pillar will
Statement of the Terms of Substance of purposes of Rule 7.35 and delete the
have the same numbering as current
the Proposed Rule Change clause in each definition that provides
rules, but with the modifier ‘‘P’’
The Exchange proposes new equity appended to the rule number. For ‘‘the Opening Auction, the Market Order
trading rules relating to auctions for example, Rule 7.35, governing auctions, Auction, the Closing Auction, and the
Pillar, the Exchange’s new trading would remain unchanged and continue trading Auction, as the case may be.’’
technology platform. The text of the to apply to any trading in symbols on Because Rule 7.35 governs auctions on
proposed rule change is available on the the current trading platform. Proposed the current trading platform, by
Exchange’s Web site at www.nyse.com, Rule 7.35P would govern auctions for specifying that these definitions are for
at the principal office of the Exchange, purposes of Rule 7.35, these definitions
and at the Commission’s Public 4 See Securities Exchange Act Release No. 74951 would not be applicable to Rule 7.35P,
Reference Room. (May 13, 2015), 80 FR 28721 (May 19, 2015) (SR– which will govern auctions on Pillar.
NYSEArca–2015–38) (Notice of Filing) (‘‘Pillar I
II. Self-Regulatory Organization’s Filing’’). In the Pillar I Filing, the Exchange Proposed New Rule 7.35P—Auctions
Statement of the Purpose of, and described its proposed implementation of Pillar,
including that it would be submitting more than The Exchange proposes new Rule
Statutory Basis for, the Proposed Rule one rule filing to correspond to the anticipated 7.35P to describe auctions on the Pillar
Change phased migration to Pillar. trading platform and is based on current
5 See Securities Exchange Act Release No. 75494
In its filing with the Commission, the Rule 7.35 and Rules 1.1(r) and (s).
(July 20, 2015), 80 FR 44170 (July 24, 2015) (SR–
self-regulatory organization included NYSEArca–2015–38) (Pillar I Filing Approval Auctions in Pillar would function
mstockstill on DSK4VPTVN1PROD with NOTICES

statements concerning the purpose of, Order).
and basis for, the proposed rule change 6 See Securities Exchange Act Release No. 75497 8 Capitalized terms not proposed to be defined in

and discussed any comments it received (July 21, 2015), 80 FR 45022 (July 28, 2015) (SR– this filing are the defined terms set forth in the
NYSEArca–2015–56) (Notice of Filing) (‘‘Pillar II Pillar I Filing, Pillar II Filing, Pillar III Filing, or in
on the proposed rule change. The text Filing’’). Exchange rules.
7 See Securities Exchange Act Release No. 75467 9 As discussed in the Pillar I Filing, supra note
1 15 U.S.C. 78s(b)(1). (July 16, 2015), 80 FR 43515 (July 22, 2015) (SR– 4, the Exchange appended the letter ‘‘P’’ for
2 15 U.S.C. 78a. NYSE–2015–58) (Notice of Filing) (‘‘Pillar III definitions that only would be applicable for
3 17 CFR 240.19b–4. Filing’’). symbols trading on the Pillar trading platform.

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Document Created: 2018-02-27 08:48:08
Document Modified: 2018-02-27 08:48:08
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 61512