81 FR 68496 - Reporting and Recordkeeping Requirements Under OMB Review
SMALL BUSINESS ADMINISTRATION Federal Register Volume 81, Issue 192 (October 4, 2016)
Federal Register Volume 81, Issue 192 (October 4, 2016)
| Page Range | 68496-68497 | |
| FR Document | 2016-23765 |
[Federal Register Volume 81, Number 192 (Tuesday, October 4, 2016)] [Notices] [Pages 68496-68497] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-23765] ======================================================================= ----------------------------------------------------------------------- SMALL BUSINESS ADMINISTRATION Reporting and Recordkeeping Requirements Under OMB Review AGENCY: Small Business Administration. ACTION: 30-Day Notice. ----------------------------------------------------------------------- SUMMARY: The Small Business Administration (SBA) is publishing this notice to comply with requirements of the Paperwork Reduction Act (PRA) (44 [[Page 68497]] U.S.C. Chapter 35), which requires agencies to submit proposed reporting and recordkeeping requirements to OMB for review and approval, and to publish a notice in the Federal Register notifying the public that the agency has made such a submission. This notice also allows an additional 30 days for public comments. DATES: Submit comments on or before November 3, 2016. ADDRESSES: Comments should refer to the information collection by name and/or OMB Control Number and should be sent to: Agency Clearance Officer, Curtis Rich, Small Business Administration, 409 3rd Street SW., 5th Floor, Washington, DC 20416; and SBA Desk Officer, Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Curtis Rich, Agency Clearance Officer, (202) 205-7030 [email protected]. Copies: A copy of the Form OMB 83-1, supporting statement, and other documents submitted to OMB for review may be obtained from the Agency Clearance Officer. SUPPLEMENTARY INFORMATION: Small Business Administration SBA's Premier Certified Lenders Program (PCLP) transfers considerable authority and autonomy to Premier Certified Development Companies (Premier CDCs). The PCLP forms (Forms 2233 and 2234) collect loan information to assist the agency in carrying-out its lender, portfolio and program oversight responsibilities. Form 2233 will collect loan loss reserve information to ensure Premier CDC compliance with statutory requirements. SBA will use Form 2234 to approve loan eligibility and track portfolio performance. Solicitation of Public Comments Title: PCLP Quarterly Loan Loss Reserve Report and PCLP Guarantee Request Description of Respondents: Small Business Lending Companies Form Number's: SBA Form 2233, 2234A, 2234B, 2234C Total Estimated Annual Responses: 20 Total Estimated Annual Hour Burden: 30 Curtis B. Rich, Management Analyst. [FR Doc. 2016-23765 Filed 10-3-16; 8:45 am] BILLING CODE 8025-01-P
![68496 Federal Register / Vol. 81, No. 192 / Tuesday, October 4, 2016 / Notices
corporation, Virtus Investment the Subadvised Series with continuous amount and a percentage of the
Advisers, Inc., a Massachusetts and comprehensive investment Subadvised Series’ net assets): (a) The
corporation, and Virtus Retirement management services subject to the aggregate fees paid to the Advisor and
Investment Advisers, LLC, a Delaware supervision of, and policies established any Wholly-Owned Sub-Advisors; (b)
limited liability company, each by, each Subadvised Series’ board of the aggregate fees paid to Non-Affiliated
registered as an investment adviser trustees (the ‘‘Board’’). Each Investment Sub-Advisors; and (c) the fee paid to
under the Investment Advisers Act of Management Agreement permits the each Affiliated Sub-Advisor.
1940 (each, an ‘‘Advisor,’’ and, Advisor, subject to the approval of the 3. Applicants agree that any order
collectively with the Trusts, the Board, to delegate to one or more Sub- granting the requested relief will be
‘‘Applicants’’). Advisors the responsibility to provide subject to the terms and conditions
FILING DATES: The application was filed the day-to-day portfolio investment stated in the application. Such terms
August 21, 2015, and amended February management of each Subadvised Series, and conditions provide for, among other
12, 2016, August 9, 2016, and subject to the supervision and direction safeguards, appropriate disclosure to
September 9, 2016. of the Advisor.3 The primary Subadvised Series’ shareholders and
responsibility for managing the notification about sub-advisory changes
HEARING OR NOTIFICATION OF HEARING: An
Subadvised Series will remain vested in and enhanced Board oversight to protect
order granting the application will be
the Advisor. The Advisor will hire, the interests of the Subadvised Series’
issued unless the Commission orders a
evaluate, allocate assets to and oversee shareholders.
hearing. Interested persons may request 4. Section 6(c) of the Act provides that
a hearing by writing to the the Sub-Advisors, including
determining whether a Sub-Advisor the Commission may exempt any
Commission’s Secretary and serving person, security, or transaction or any
should be terminated, at all times
applicants with a copy of the request, class or classes of persons, securities, or
subject to the authority of the Board.
personally or by mail. Hearing requests transactions from any provisions of the
2. Applicants request an exemption to
should be received by the Commission permit the Advisor, subject to Board Act, or any rule thereunder, if such
by 5:30 p.m. on October 24, 2016, and approval, to hire a Non-Affiliated Sub- relief is necessary or appropriate in the
should be accompanied by proof of Advisor or a Wholly-Owned Sub- public interest and consistent with the
service on the applicants, in the form of Advisor, pursuant to Sub-Advisory protection of investors and purposes
an affidavit or, for lawyers, a certificate Agreements and materially amend Sub- fairly intended by the policy and
of service. Pursuant to rule 0–5 under Advisory Agreements with Non- provisions of the Act. Applicants
the Act, hearing requests should state Affiliated Sub-Advisors and Wholly- believe that the requested relief meets
the nature of the writer’s interest, any Owned Sub-Advisors without obtaining this standard because, as further
facts bearing upon the desirability of a the shareholder approval required under explained in the application, the
hearing on the matter, the reason for the section 15(a) of the Act and rule 18f–2 Investment Management Agreements
request, and the issues contested. under the Act.4 Applicants also seek an will remain subject to shareholder
Persons who wish to be notified of a exemption from the Disclosure approval, while the role of the Sub-
hearing may request notification by Requirements to permit a Subadvised Advisors is substantially equivalent to
writing to the Commission’s Secretary. Series to disclose (as both a dollar that of individual portfolio managers, so
ADDRESSES: Secretary, U.S. Securities that requiring shareholder approval of
and Exchange Commission, 100 F Street future Series and any other existing or future Sub-Advisory Agreements would
NE., Washington, DC 20549–1090. registered open-end management investment
impose unnecessary delays and
Applicants: c/o James E. Thomas, Esq., company or series thereof that intends to rely on the
requested order in the future and that (i) is advised expenses on the Subadvised Series.
Ropes & Gray LLP, Prudential Tower, by an Advisor, its successors, and any entity Applicants believe that the requested
800 Boylston Street, Boston, MA 02199. controlling, controlled by or under common control relief from the Disclosure Requirements
FOR FURTHER INFORMATION CONTACT: with an Advisor or its successors (included in the
term ‘‘Advisor’’), (ii) uses the multi-manager meets this standard because it will
Kaitlin C. Bottock, Senior Counsel, at structure described in this application, and (iii) improve the Advisor’s ability to
(202) 551–8658, or Daniele Marchesani, complies with the terms and conditions of this negotiate fees paid to the Sub-Advisors
Branch Chief, at (202) 551–6821 application (each, a ‘‘Subadvised Series’’). For the that are more advantageous for the
(Division of Investment Management, purposes of the requested order, ‘‘successor’’ is
limited to an entity resulting from a reorganization Subadvised Series.
Chief Counsel’s Office). into another jurisdiction or a change in the type of For the Commission, by the Division of
SUPPLEMENTARY INFORMATION: The business organization. Investment Management, under delegated
3 A ‘‘Sub-Advisor’’ for a Series is (1) an indirect
following is a summary of the authority.
or direct ‘‘wholly-owned subsidiary’’ (as such term
application. The complete application is defined in the Act) of the Advisor for that Series, Robert W. Errett,
may be obtained via the Commission’s or (2) a sister company of the Advisor for that Series Deputy Secretary.
Web site by searching for the file that is an indirect or direct ‘‘wholly-owned [FR Doc. 2016–23911 Filed 10–3–16; 8:45 am]
number, or an applicant using the subsidiary’’ (as such term is defined in the Act) of
the same company that, indirectly or directly, BILLING CODE 8011–01–P
Company name box, at http:// wholly owns the Advisor (each of (1) and (2) a
www.sec.gov/search/search.htm or by ‘‘Wholly-Owned Sub-Advisor’’), or (3) an
calling (202) 551–8090. investment sub-adviser for that Series that is not an
‘‘affiliated person’’ (as such term is defined in SMALL BUSINESS ADMINISTRATION
Summary of the Application Section 2(a)(3) of the Act) of the Series or the
Advisor, except to the extent that an affiliation Reporting and Recordkeeping
1. An Advisor will serve as the arises solely because the Sub-Advisor serves as a Requirements Under OMB Review
mstockstill on DSK3G9T082PROD with NOTICES
investment adviser to the Subadvised sub-adviser to one or more Series (each a ‘‘Non-
Series pursuant to an investment Affiliated Sub-Advisor’’) . AGENCY: Small Business Administration.
advisory agreement with the Trust 4 The requested relief will not extend to any sub-
ACTION: 30-Day Notice.
(each, an ‘‘Investment Management adviser, other than a Wholly-Owned Sub-Advisor,
who is an affiliated person, as defined in section SUMMARY: The Small Business
Agreement’’).2 The Advisor will provide 2(a)(3) of the Act, of the Subadvised Series or the
Manager, other than by reason of serving as a sub-
Administration (SBA) is publishing this
2 Applicants request that the relief sought herein adviser to one or more of the Subadvised Series notice to comply with requirements of
apply to the named Applicants, as well as to any (‘‘Affiliated Sub-Advisor’’). the Paperwork Reduction Act (PRA) (44
VerDate Sep<11>2014 19:01 Oct 03, 2016 Jkt 241001 PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 E:\FR\FM\04OCN1.SGM 04OCN1](https://thefederalregister.org/doc/81_FR_68688/page/1.svg)
![Federal Register / Vol. 81, No. 192 / Tuesday, October 4, 2016 / Notices 68497
U.S.C. Chapter 35), which requires SMALL BUSINESS ADMINISTRATION Annual Burden: 14,846.
agencies to submit proposed reporting
Curtis Rich,
and recordkeeping requirements to Reporting and Recordkeeping
OMB for review and approval, and to Requirements Under OMB Review Management Analyst.
publish a notice in the Federal Register [FR Doc. 2016–23732 Filed 10–3–16; 8:45 am]
notifying the public that the agency has AGENCY: Small Business Administration. BILLING CODE 8025–01–P
made such a submission. This notice ACTION: Notice of 30-day Reporting
also allows an additional 30 days for Requirements Submitted for OMB
public comments. SMALL BUSINESS ADMINISTRATION
Review.
Submit comments on or before
DATES: Reporting and Recordkeeping
November 3, 2016. SUMMARY: Under the provisions of the Requirements Under OMB Review
Paperwork Reduction Act (44 U.S.C.
ADDRESSES: Comments should refer to Chapter 35), agencies are required to AGENCY: Small Business Administration.
the information collection by name and/ submit proposed reporting and ACTION: 30-Day notice.
or OMB Control Number and should be recordkeeping requirements to OMB for
sent to: Agency Clearance Officer, Curtis review and approval, and to publish a SUMMARY: The Small Business
Rich, Small Business Administration, notice in the Federal Register notifying Administration (SBA) is publishing this
409 3rd Street SW., 5th Floor, the public that the agency has made notice to comply with requirements of
Washington, DC 20416; and SBA Desk such a submission. the Paperwork Reduction Act (PRA) (44
Officer, Office of Information and U.S.C. Chapter 35), which requires
Regulatory Affairs, Office of DATES: Submit comments on or before agencies to submit proposed reporting
Management and Budget, New November 3, 2016. If you intend to and recordkeeping requirements to
Executive Office Building, Washington, comment but cannot prepare comments OMB for review and approval, and to
DC 20503. promptly, please advise the OMB publish a notice in the Federal Register
Reviewer and the Agency Clearance notifying the public that the agency has
FOR FURTHER INFORMATION CONTACT: Officer before the deadline. made such a submission. This notice
Curtis Rich, Agency Clearance Officer,
ADDRESSES: Address all comments also allows an additional 30 days for
(202) 205–7030 curtis.rich@sba.gov.
concerning this notice to: Agency public comments.
Copies: A copy of the Form OMB 83– Clearance Officer, Curtis Rich, Small DATES: Submit comments on or before
1, supporting statement, and other Business Administration, 409 3rd Street November 3, 2016.
documents submitted to OMB for SW., 5th Floor, Washington, DC 20416; ADDRESSES: Comments should refer to
review may be obtained from the and OMB Reviewer, Office of the information collection by name and/
Agency Clearance Officer. Information and Regulatory Affairs, or OMB Control Number and should be
SUPPLEMENTARY INFORMATION: Office of Management and Budget, New sent to: Agency Clearance Officer, Curtis
Small Business Administration SBA’s Executive Office Building, Washington, Rich, Small Business Administration,
Premier Certified Lenders Program DC 20503. 409 3rd Street SW., 5th Floor,
(PCLP) transfers considerable authority FOR FURTHER INFORMATION CONTACT: Washington, DC 20416; and SBA Desk
and autonomy to Premier Certified Curtis Rich, Agency Clearance Officer, Officer, Office of Information and
Development Companies (Premier (202) 205–7030 curtis.rich@sba.gov. Regulatory Affairs, Office of
CDCs). The PCLP forms (Forms 2233 Management and Budget, New
SUPPLEMENTARY INFORMATION:
and 2234) collect loan information to Executive Office Building, Washington,
assist the agency in carrying-out its Copies: Request for clearance (OMB DC 20503.
lender, portfolio and program oversight 83–1), supporting statement, and other FOR FURTHER INFORMATION CONTACT:
responsibilities. Form 2233 will collect documents submitted to OMB for Curtis Rich, Agency Clearance Officer,
loan loss reserve information to ensure review may be obtained from the (202) 205–7030 curtis.rich@sba.gov
Premier CDC compliance with statutory Agency Clearance Officer.
SUPPLEMENTARY INFORMATION:
requirements. SBA will use Form 2234 Abstract: In accordance with Title 13 Respondent are applicants for a
to approve loan eligibility and track of the Code of Federal Regulations, Certified Development Company (CDC)
portfolio performance. Section 124.403, each 8(a) participant loan (or 504 loan) and the CDC’s
must annually review its business plan certified by SBA to issue such loans.
Solicitation of Public Comments with the assigned Business Opportunity The information is necessary for the
Title: PCLP Quarterly Loan Loss Specialist (BOS) and modify the plan, as Small Business Administration (SBA) to
Reserve Report and PCLP Guarantee appropriate, within 30 days after the determine whether applicants meet the
Request close of each program year. The Agency’s criteria for eligibility,
Participant must also submit a statement creditworthiness, and repayment ability,
Description of Respondents: Small
describing its current contract and also whether to approve CDC’s
Business Lending Companies
performance capabilities as part of its request for debenture guarantees.
Form Number’s: SBA Form 2233, update business plan. SBA uses the Copies: A copy of the Form OMB 83–
2234A, 2234B, 2234C information collected to assess the 1, supporting statement, and other
Total Estimated Annual Responses: participant’s financial condition and documents submitted to OMB for
20 continued eligibility.
mstockstill on DSK3G9T082PROD with NOTICES
review may be obtained from the
Total Estimated Annual Hour Burden: Title: 8(a) Annual Update. Agency Clearance Officer.
30 Frequency: On Occasion. Solicitation of Public Comments
Curtis B. Rich, SBA Form Number: 1450.
Title: Application for Section 504
Management Analyst. Description of Respondents: 8(a) Loans.
[FR Doc. 2016–23765 Filed 10–3–16; 8:45 am] Participants. Description of Respondents: Small
BILLING CODE 8025–01–P Responses: 7,814. Business Lending Companies.
VerDate Sep<11>2014 19:01 Oct 03, 2016 Jkt 241001 PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 E:\FR\FM\04OCN1.SGM 04OCN1](https://thefederalregister.org/doc/81_FR_68688/page/2.svg)
Document Created: 2016-10-04 03:03:11
Document Modified: 2016-10-04 03:03:11
| 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 | |
| Action | 30-Day Notice. | |
| Dates | Submit comments on or before November 3, 2016. | |
| Contact | Curtis Rich, Agency Clearance Officer, (202) 205-7030 [email protected] | |
| FR Citation | 81 FR 68496 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR