82 FR 20409 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 82 (May 1, 2017)

Page Range		20409-20409
FR Document		2017-08761

Federal Register, Volume 82 Issue 82 (Monday, May 1, 2017)

[Federal Register Volume 82, Number 82 (Monday, May 1, 2017)]
[Notices]
[Page 20409]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-08761]



[[Page 20409]]

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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC 
20549-2736.

Extension:
    Form N-8B-4, SEC File No. 270-180, OMB Control No. 3235-0247.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and 
Exchange Commission (``Commission'') has submitted to the Office of 
Management and Budget (``OMB'') requests for extension of the 
previously approved collection of information discussed below.
    Form N-8B-4 (17 CFR 274.14) is the form used by face-amount 
certificate companies to comply with the filing and disclosure 
requirements imposed by Section 8(b) of the Investment Company Act of 
1940 (15 U.S.C. 80a-8(b)). Among other items, Form N-8B-4 requires 
disclosure of the following information about the face-amount 
certificate company: Date and form of organization; controlling 
persons; current business and contemplated changes to the company's 
business; investment, borrowing, and lending policies, as well as other 
fundamental policies; securities issued by the company; investment 
adviser; depositaries; management personnel; compensation paid to 
directors, officers, and certain employees; and financial statements. 
The Commission uses the information provided in the collection of 
information to determine compliance with Section 8(b) of the Investment 
Company Act of 1940.
    Form N-8B-4 and the burden of compliance have not changed since the 
last approval. Each registrant files Form N-8B-4 for its initial filing 
and does not file post-effective amendments to Form N-8B-4.\1\ 
Commission staff estimates that no respondents will file Form N-8B-4 
each year. There are currently only four existing face-amount 
certificate companies, and none have filed a Form N-8B-4 in many years. 
No new face-amount certificate companies have been established since 
the last OMB information collection approval for this form, which 
occurred in 2014. Accordingly, the staff estimates that, each year, no 
face-amount certificate companies will file Form N-8B-4, and that the 
total burden for the information collection is zero hours. Although 
Commission staff estimates that there is no hour burden associated with 
Form N-8B-4, the staff is requesting a burden of one hour for 
administrative purposes. Estimates of the burden hours are made solely 
for the purposes of the PRA and are not derived from a comprehensive or 
even a representative survey or study of the costs of SEC rules and 
forms.
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    \1\ Pursuant to Section 30(b)(1) of the Act, each respondent 
keeps its registration statement current through the filing of 
periodic reports as required by Section 13 of the Securities 
Exchange Act of 1934 and the rules thereunder. Post-effective 
amendments are filed with the Commission on the face-amount 
certificate company's Form S-1. Hence, respondents only file Form N-
8B-4 for their initial registration statement and not for post-
effective amendments.
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    The information provided on Form N-8B-4 is mandatory. The 
information provided on Form N-8B-4 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 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 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: April 25, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-08761 Filed 4-28-17; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 82 / Monday, May 1, 2017 / Notices 20409

SECURITIES AND EXCHANGE established since the last OMB Exchange Commission (‘‘Commission’’),
COMMISSION information collection approval for this pursuant to Section 19(b)(1) of the
form, which occurred in 2014. Securities Exchange Act of 1934
Submission for OMB Review; Accordingly, the staff estimates that, (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a
Comment Request each year, no face-amount certificate proposed rule change to amend its
Upon Written Request, Copies Available companies will file Form N–8B–4, and Bylaws 3 and Certificate of
From: Securities and Exchange that the total burden for the information Incorporation.4 The Commission
Commission, Office of FOIA Services, collection is zero hours. Although published the proposed rule change for
100 F Street NE., Washington, DC Commission staff estimates that there is comment in the Federal Register on
20549–2736. no hour burden associated with Form March 13, 2017.5 The Commission
N–8B–4, the staff is requesting a burden received no comments on the proposal.
Extension: of one hour for administrative purposes.
Form N–8B–4, SEC File No. 270–180, OMB This order approves the proposed rule
Control No. 3235–0247. Estimates of the burden hours are made
change.
solely for the purposes of the PRA and
Notice is hereby given that, pursuant are not derived from a comprehensive or II. Description of the Proposed Rule
to the Paperwork Reduction Act of 1995 even a representative survey or study of Change
(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the the costs of SEC rules and forms.
Securities and Exchange Commission The information provided on Form First, the Exchange proposes to
(‘‘Commission’’) has submitted to the N–8B–4 is mandatory. The information amend its Bylaws relating to the Board
Office of Management and Budget provided on Form N–8B–4 will not be of Directors (‘‘Board’’) size range.
(‘‘OMB’’) requests for extension of the kept confidential. An agency may not Currently, Section 3.1 of the Bylaws
previously approved collection of conduct or sponsor, and a person is not provides that the Board shall consist of
information discussed below. required to respond to, a collection of not less than 12 and not more than 16
Form N–8B–4 (17 CFR 274.14) is the
information unless it displays a directors. The Exchange proposes to
form used by face-amount certificate
currently valid control number. change the Board size range such that
companies to comply with the filing and
The public may view the background the Board shall consist of no less than
disclosure requirements imposed by
documentation for this information five directors. The Exchange also
Section 8(b) of the Investment Company
collection at the following Web site, proposes to make conforming changes to
Act of 1940 (15 U.S.C. 80a–8(b)). Among
www.reginfo.gov. Comments should be its Certificate of Incorporation by
other items, Form N–8B–4 requires
directed to: (i) Desk Officer for the amending subparagraph (b) of Article
disclosure of the following information
Securities and Exchange Commission, Fifth to also provide that the Board shall
about the face-amount certificate
Office of Information and Regulatory consist of not less than five directors
company: Date and form of
organization; controlling persons; Affairs, Office of Management and and to eliminate the current referenced
current business and contemplated Budget, Room 10102, New Executive
range of 12 to 16 directors.6
changes to the company’s business; Office Building, Washington, DC 20503,
or by sending an email to: Shagufta_ Second, the Exchange proposes to
investment, borrowing, and lending eliminate the Exchange-level
policies, as well as other fundamental Ahmed@omb.eop.gov; and (ii) Pamela
Dyson, Director/Chief Information Compensation Committee. C2 is
policies; securities issued by the
Officer, Securities and Exchange proposing to delete Section 4.3 of the
company; investment adviser;
depositaries; management personnel; Commission, c/o Remi Pavlik-Simon, Bylaws, which provides for the C2
compensation paid to directors, officers, 100 F Street NE., Washington, DC 20549 Compensation Committee, and to delete
and certain employees; and financial or send an email to: PRA_Mailbox@ a reference to the C2 Compensation
statements. The Commission uses the sec.gov. Comments must be submitted to Committee in Section 4.1(a) of the
information provided in the collection OMB within 30 days of this notice. Bylaws (which lists the required Board
of information to determine compliance Dated: April 25, 2017. committees). C2 also proposes to
with Section 8(b) of the Investment Eduardo A. Aleman, eliminate the reference to the C2
Company Act of 1940. Assistant Secretary. Compensation Committee in Section
Form N–8B–4 and the burden of [FR Doc. 2017–08761 Filed 4–28–17; 8:45 am] 5.11 of the Bylaws, which provides that
compliance have not changed since the officers are entitled to salaries,
BILLING CODE 8011–01–P
last approval. Each registrant files Form compensation or reimbursement as shall
N–8B–4 for its initial filing and does not be fixed or allowed from time to time by
file post-effective amendments to Form SECURITIES AND EXCHANGE the Board unless otherwise delegated to
N–8B–4.1 Commission staff estimates COMMISSION the Board’s Compensation Committee or
that no respondents will file Form N– to senior management. The Exchange
8B–4 each year. There are currently only [Release No. 34–80522; File No. SR–C2–
2017–009] justifies eliminating the C2
four existing face-amount certificate Compensation Committee because its
companies, and none have filed a Form
Self-Regulatory Organizations; C2 functions largely are duplicative of
N–8B–4 in many years. No new face-
amount certificate companies have been Options Exchange, Incorporated;
Order Approving a Proposed Rule 1 15 U.S.C. 78s(b)(1).
1 Pursuant to Section 30(b)(1) of the Act, each
Change To Amend the Bylaws and 2 17 CFR 240.19b–4.
srobinson on DSK5SPTVN1PROD with NOTICES

respondent keeps its registration statement current Certificate of Incorporation 3 See Amended and Restated Bylaws of C2

through the filing of periodic reports as required by Options Exchange, Incorporated (‘‘Bylaws’’).
Section 13 of the Securities Exchange Act of 1934 April 25, 2017. 4 See Amended and Restated Certificate of
and the rules thereunder. Post-effective Incorporation of C2 Options Exchange, Incorporated
amendments are filed with the Commission on the I. Introduction
(‘‘Certificate of Incorporation’’).
face-amount certificate company’s Form S–1.
Hence, respondents only file Form N–8B–4 for their
On February 22, 2017, C2 Options 5 See Securities Exchange Act Release No. 80166

initial registration statement and not for post- Exchange, Incorporated (‘‘Exchange’’ or (March 7, 2017), 82 FR 13518 (‘‘Notice’’).
effective amendments. ‘‘C2’’) filed with the Securities and 6 Id.

VerDate Sep<11>2014 20:35 Apr 28, 2017 Jkt 241001 PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 E:\FR\FM\01MYN1.SGM 01MYN1

Document Created: 2017-04-29 03:16:08
Document Modified: 2017-04-29 03:16:08

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		82 FR 20409