80 FR 67819 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 212 (November 3, 2015)

Page Range		67819-67819
FR Document		2015-28027

Federal Register, Volume 80 Issue 212 (Tuesday, November 3, 2015)

[Federal Register Volume 80, Number 212 (Tuesday, November 3, 2015)]
[Notices]
[Page 67819]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-28027]


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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, 
November 5, 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), (5), (7), 9(ii) and (10), permit consideration of the 
scheduled matter at the Closed Meeting.
    Commissioner Piwowar, 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;
    Adjudicatory matters;
    Resolution of litigation claims; 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: October 29, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-28027 Filed 10-30-15; 11:15 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 212 / Tuesday, November 3, 2015 / Notices 67819

provided for in Rule 17Ad–16 (17 CFR under the PRA unless it displays a SECURITIES AND EXCHANGE
240.17Ad–16) under the Securities currently valid OMB control number. COMMISSION
Exchange Act of 1934 (15 U.S.C. 78a et Please direct your written comments
seq.). The Commission plans to submit to: Pamela Dyson, Director/Chief Proposed Collection; Comment
this existing collection of information to Information Officer, Securities and Request
the Office of Management and Budget Exchange Commission, c/o Remi Pavlik-
Upon Written Request, Copies Available
(‘‘OMB’’) for extension and approval. Simon, 100 F Street NE., Washington,
From: Securities and Exchange
Rule 17Ad–16 requires a registered DC 20549, or send an email to: PRA_
Commission, Office of FOIA Services,
transfer agent to provide written notice Mailbox@sec.gov.
100 F Street NE., Washington, DC
to the appropriate qualified registered Dated: October 28, 2015. 20549–2736.
securities depository when assuming or Robert W. Errett,
terminating transfer agent services on Extension: Rule 206(4)–2; SEC File No. 270–
Deputy Secretary. 217, OMB Control No. 3235–0241.
behalf of an issuer or when changing its
[FR Doc. 2015–27905 Filed 11–2–15; 8:45 am]
name or address. In addition, transfer Notice is hereby given that pursuant
BILLING CODE 8011–01–P
agents that provide such notice shall to the Paperwork Reduction Act of 1995
maintain such notice for a period of at (44 U.S.C. 3501 et seq.), the Securities
least two years in an easily accessible and Exchange Commission
SECURITIES AND EXCHANGE
place. This rule addresses the problem (‘‘Commission’’) is soliciting comments
COMMISSION
of certificate transfer delays caused by on the collection of information
transfer requests that are directed to the Sunshine Act Meeting summarized below. The Commission
wrong transfer agent or the wrong plans to submit this collection of
address. Notice is hereby given, pursuant to information to the Office of
We estimate that the transfer agent the provisions of the Government in the Management and Budget (‘‘OMB’’) for
industry submits 6,970 Rule 17Ad–16 Sunshine Act, Public Law 94–409, that extension and approval.
notices to appropriate qualified the Securities and Exchange Rule 206(4)–2 (17 CFR 275.206(4)–2)
registered securities depositories. The Commission will hold a Closed Meeting under the Investment Advisers Act of
staff estimates that the average amount on Thursday, November 5, 2015 at 2 1940 (15 U.S.C. 80b–1 et seq.) governs
of time necessary to create and submit p.m. the custody of funds or securities of
each notice is approximately 15 minutes Commissioners, Counsel to the clients by Commission-registered
per notice. Accordingly, the estimated Commissioners, the Secretary to the investment advisers. Rule 206(4)–2
total industry burden is 1,743 hours per Commission, and recording secretaries requires each registered investment
year (15 minutes multiplied by 6,970 will attend the Closed Meeting. Certain adviser that has custody of client funds
notices filed annually). staff members who have an interest in or securities to maintain those client
Because the information needed by the matters also may be present. funds or securities with a broker-dealer,
transfer agents to properly notify the The General Counsel of the bank or other ‘‘qualified custodian.’’ 1
appropriate registered securities Commission, or her designee, has The rule requires the adviser to
depository is readily available to them certified that, in her opinion, one or promptly notify clients as to the place
and the report is simple and more of the exemptions set forth in 5 and manner of custody, after opening an
straightforward, the cost is relatively U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) account for the client and following any
minimal. The average internal and 17 CFR 200.402(a)(3), (5), (7), 9(ii) changes.2 If an adviser sends account
compliance cost to prepare and send a and (10), permit consideration of the statements to its clients, it must insert
notice is approximately $7.50 (15 scheduled matter at the Closed Meeting. a legend in the notice and in subsequent
minutes at $30 per hour). This yields an Commissioner Piwowar, as duty account statements sent to those clients
industry-wide internal compliance cost officer, voted to consider the items urging them to compare the account
estimate of $52,275 (6,970 notices listed for the Closed Meeting in closed statements from the custodian with
multiplied by $7.50 per notice). session. those from the adviser.3 The adviser
Written comments are invited on: (a) The subject matter of the Closed also must have a reasonable basis, after
whether the proposed collection of Meeting will be: due inquiry, for believing that the
information is necessary for the proper Institution and settlement of
qualified custodian maintaining client
performance of the functions of the injunctive actions;
Institution and settlement of funds and securities sends account
Commission, including whether the statements directly to the advisory
information shall have practical utility; administrative proceedings;
Adjudicatory matters; clients, and undergo an annual surprise
(b) the accuracy of the Commission’s examination by an independent public
Resolution of litigation claims; and
estimates of the burden of the proposed accountant to verify client assets
Other matters relating to enforcement
collection of information; (c) ways to pursuant to a written agreement with
proceedings.
enhance the quality, utility, and clarity At times, changes in Commission the accountant that specifies certain
of the information collected; and (d) priorities require alterations in the duties.4 Unless client assets are
ways to minimize the burden of the scheduling of meeting items. maintained by an independent
collection of information on For further information and to custodian (i.e., a custodian that is not
respondents, including through the use ascertain what, if any, matters have been the adviser itself or a related person),
of automated collection techniques or added, deleted or postponed, please the adviser also is required to obtain or
mstockstill on DSK4VPTVN1PROD with NOTICES

other forms of information technology. contact the Office of the Secretary at receive a report of the internal controls
Consideration will be given to (202) 551–5400. relating to the custody of those assets
comments and suggestions submitted in from an independent public accountant
Dated: October 29, 2015.
writing within 60 days of this
publication. Robert W. Errett, 1 Rule 206(4)–2(a)(1).
An agency may not conduct or Deputy Secretary. 2 Rule 206(4)–2(a)(2).
sponsor, and a person is not required to [FR Doc. 2015–28027 Filed 10–30–15; 11:15 am] 3 Rule 206(4)–2(a)(2).

respond to, a collection of information BILLING CODE 8011–01–P 4 Rule 206(4)–2(a)(3), (4).

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Document Created: 2018-03-01 11:32:08
Document Modified: 2018-03-01 11:32:08

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 67819