82 FR 39144 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 158 (August 17, 2017)

Page Range		39144-39145
FR Document		2017-17408
Federal Register, Volume 82 Issue 158 (Thursday, August 17, 2017)
[Federal Register Volume 82, Number 158 (Thursday, August 17, 2017)]
[Notices]
[Pages 39144-39145]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-17408]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; 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-17f-2, SEC File No. 270-317, OMB Control No. 3235-0360

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 350l et seq.), the Securities and Exchange 
Commission (the ``Commission'') is soliciting comments on the 
collection of information summarized below. The Commission plans to 
submit this existing collection of information to the Office of 
Management and Budget for extension and approval.
    Form N-17f-2 (17 CFR 274.220) under the Investment Company Act is 
entitled ``Certificate of Accounting of Securities and Similar 
Investments in the Custody of Management Investment Companies.'' Form 
N-17f-2 is the cover sheet for the accountant examination certificates 
filed under rule 17f-2 (17 CFR 270.17f-2) by registered management 
investment companies (``funds'') maintaining custody of securities or 
other investments. Form N-17f-2 facilitates the filing of the 
accountant's examination certificates prepared under rule 17f-2. The 
use of the form allows the certificates to be filed electronically, and 
increases the accessibility of the examination certificates to both the 
Commission's examination staff and interested investors by ensuring 
that the certificates are filed under the proper Commission file number 
and the correct name of a fund.
    Commission staff estimates that it takes: A. On average 1.25 hours 
of fund accounting personnel at a total cost of $255 to prepare each 
Form N-17f-2; \1\ and B. .75 hours of administrative assistant time at 
a total cost of $57 to file the Form N-17f-2 with the Commission.\2\ 
Approximately 194 funds currently file Form N-17f-2 with the 
Commission. Commission staff estimates that on average each fund files 
Form N-17f-2 three times annually for a total annual hourly burden per 
fund of approximately 6 hours at a total cost of $918. The total annual 
hour burden for Form N-17f-2 is therefore estimated to be approximately 
1,164 hours. Based on the total annual costs per fund listed above, the 
total cost of Form N-17f-2's collection of information requirements is 
estimated to be approximately $178,092.\3\
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    \1\ This estimate is based on the following calculation: 1.25 x 
$204 (fund senior accountant's hourly rate) = $255.
    \2\ This estimate is based on the following calculation: .75 x 
$76 (administrative assistant hourly rate) = $57.
    \3\ This estimate is based on the following calculation: 194 
funds x $918 (total annual cost per fund) = $178,092.
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    The estimate of average burden hours is made solely for the 
purposes of the Paperwork Reduction Act, and is not derived from a 
comprehensive or even a representative survey or study of the costs of 
Commission rules and forms. Complying with the collections of 
information required by Form N-17f-2 is mandatory for those funds that 
maintain custody of their own assets. Responses 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 Commission requests written comments on: A. Whether the 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information has 
practical utility; B. the accuracy of the Commission's estimate of the 
burdens of the collection of information; C. ways to enhance the 
quality, utility, and clarity of the information collected; and D. ways 
to minimize the burden of the collection of information on respondents, 
including through the use of automated collection techniques or other 
forms of information technology. Consideration will be given to 
comments and suggestions submitted in writing within 60 days of this 
publication.
    Please direct your written comments to Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Remi 
Pavlik-Simon, 100 F Street NE.,

[[Page 39145]]

Washington, DC 20549; or send an email to: [email protected].

    Dated: August 11, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-17408 Filed 8-16-17; 8:45 am]
BILLING CODE 8011-01-P
39144 Federal Register / Vol. 82, No. 158 / Thursday, August 17, 2017 / Notices

under the Securities Exchange Act of Commission, c/o Remi Pavlik-Simon, $255 to prepare each Form N–17f–2; 1
1934 (15 U.S.C. 78a et seq.). 100 F Street NE., Washington, DC and B. .75 hours of administrative
Rule 17f–2(e) requires every member 20549, or by sending an email to: PRA_ assistant time at a total cost of $57 to file
of a national securities exchange, Mailbox@sec.gov. Comments must be the Form N–17f–2 with the
broker, dealer, registered transfer agent, submitted to OMB within 30 days of Commission.2 Approximately 194 funds
and registered clearing agency (‘‘covered this notice. currently file Form N–17f-2 with the
entities’’) claiming an exemption from Commission. Commission staff
the fingerprinting requirements of Rule Dated: August 14, 2017.
estimates that on average each fund files
17f–2 to make and keep current a Eduardo A. Aleman, Form N–17f–2 three times annually for
statement entitled ‘‘Notice Pursuant to Assistant Secretary. a total annual hourly burden per fund
Rule 17f–2’’ (‘‘Notice’’) containing the [FR Doc. 2017–17406 Filed 8–16–17; 8:45 am] of approximately 6 hours at a total cost
information specified in paragraph (e)(1) BILLING CODE 8011–01–P of $918. The total annual hour burden
to support their claim of exemption. for Form N–17f–2 is therefore estimated
Rule 17f–2(e) contains no filing to be approximately 1,164 hours. Based
requirement. Instead, paragraph (e)(2) SECURITIES AND EXCHANGE on the total annual costs per fund listed
requires covered entities to keep a copy COMMISSION above, the total cost of Form N–17f–2’s
of the Notice in an easily accessible collection of information requirements
place at the organization’s principal Proposed Collection; Comment is estimated to be approximately
office and at the office employing the Request $178,092.3
persons for whom exemptions are
The estimate of average burden hours
claimed and to make the Notice Upon Written Request, Copies Available is made solely for the purposes of the
available upon request for inspection by From: Securities and Exchange Paperwork Reduction Act, and is not
the Commission, appropriate regulatory Commission, Office of FOIA Services, derived from a comprehensive or even
agency (if not the Commission), or other 100 F Street NE., Washington, DC a representative survey or study of the
designated examining authority. Notices 20549–2736
prepared pursuant to Rule 17f–2(e) must costs of Commission rules and forms.
be maintained for as long as the covered Extension: Complying with the collections of
entity claims an exemption from the Form N–17f–2, SEC File No. 270–317, OMB information required by Form N–17f–2
fingerprinting requirements of Rule 17f– Control No. 3235–0360 is mandatory for those funds that
2. The recordkeeping requirement under maintain custody of their own assets.
Notice is hereby given that, pursuant Responses will not be kept confidential.
Rule 17f–2(e) assists the Commission
to the Paperwork Reduction Act of 1995 An agency may not conduct or sponsor,
and other regulatory agencies with
(44 U.S.C. 350l et seq.), the Securities and a person is not required to respond
ensuring compliance with Rule 17f–2.
and Exchange Commission (the to, a collection of information unless it
This rule does not involve the collection
‘‘Commission’’) is soliciting comments displays a currently valid control
of confidential information.
We estimate that approximately 75 on the collection of information number.
respondents will incur an average summarized below. The Commission The Commission requests written
burden of 30 minutes per year to plans to submit this existing collection comments on: A. Whether the collection
comply with this rule, which represents of information to the Office of of information is necessary for the
the time it takes for a staff person at a Management and Budget for extension proper performance of the functions of
covered entity to properly document a and approval. the Commission, including whether the
claimed exemption from the Form N–17f–2 (17 CFR 274.220) information has practical utility; B. the
fingerprinting requirements of Rule 17f– under the Investment Company Act is accuracy of the Commission’s estimate
2 in the required Notice and to properly entitled ‘‘Certificate of Accounting of of the burdens of the collection of
retain the Notice according to the Securities and Similar Investments in information; C. ways to enhance the
entity’s record retention policies and the Custody of Management Investment quality, utility, and clarity of the
procedures. The total annual burden for Companies.’’ Form N–17f–2 is the cover information collected; and D. ways to
all covered entities is approximately 38 sheet for the accountant examination minimize the burden of the collection of
hours (75 entities × .5 hours, rounded certificates filed under rule 17f–2 (17 information on respondents, including
up). CFR 270.17f–2) by registered through the use of automated collection
An agency may not conduct or management investment companies techniques or other forms of information
sponsor, and a person is not required to (‘‘funds’’) maintaining custody of technology. Consideration will be given
respond to, a collection of information securities or other investments. Form to comments and suggestions submitted
under the PRA unless it displays a N–17f–2 facilitates the filing of the in writing within 60 days of this
currently valid OMB control number. accountant’s examination certificates publication.
The public may view background prepared under rule 17f–2. The use of Please direct your written comments
documentation for this information the form allows the certificates to be to Pamela Dyson, Director/Chief
collection at the following Web site: filed electronically, and increases the Information Officer, Securities and
www.reginfo.gov. Comments should be accessibility of the examination Exchange Commission, C/O Remi
directed to: (i) Desk Officer for the certificates to both the Commission’s Pavlik-Simon, 100 F Street NE.,
Securities and Exchange Commission, examination staff and interested
Office of Information and Regulatory
sradovich on DSK3GMQ082PROD with NOTICES

investors by ensuring that the 1 This estimate is based on the following
Affairs, Office of Management and certificates are filed under the proper calculation: 1.25 × $204 (fund senior accountant’s
Budget, Room 10102, New Executive Commission file number and the correct
hourly rate) = $255.
Office Building, Washington, DC 20503, 2 This estimate is based on the following
name of a fund. calculation: .75 × $76 (administrative assistant
or by sending an email to: Shagufta_
Commission staff estimates that it hourly rate) = $57.
Ahmed@omb.eop.gov; and (ii) Pamela 3 This estimate is based on the following
Dyson, Director/Chief Information takes: A. On average 1.25 hours of fund calculation: 194 funds × $918 (total annual cost per
Officer, Securities and Exchange accounting personnel at a total cost of fund) = $178,092.

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Federal Register / Vol. 82, No. 158 / Thursday, August 17, 2017 / Notices 39145

Washington, DC 20549; or send an email All submissions should refer to File No. (‘‘Commission’’) the proposed rule
to: PRA_Mailbox@sec.gov. 265–27. This file number should be change as described in Items I and II
Dated: August 11, 2017. included on the subject line if email is below, which Items have been prepared
Eduardo A. Aleman,
used. To help us process and review by the Exchange. The Commission is
your statement more efficiently, please publishing this notice to solicit
Assistant Secretary.
use only one method. The Commission comments on the proposed rule change
[FR Doc. 2017–17408 Filed 8–16–17; 8:45 am]
will post all statements on the Advisory from interested persons.
BILLING CODE 8011–01–P Committee’s Web site (https://
www.sec.gov/info/smallbus/ I. Self-Regulatory Organization’s
acsec.shtml). Statement of the Terms of Substance of
SECURITIES AND EXCHANGE Statements also will be available for the Proposed Rule Change
COMMISSION Web site viewing and printing in the
The Exchange proposes to further
Commission’s Public Reference Room,
[Release Nos. 33–10399; 34–81389; File No. clarify when the Exchange will utilize
100 F Street NE., Washington, DC
265–27] the Secondary Source of data pursuant
20549, on official business days
to Rule 4759.
between the hours of 10:00 a.m. and
SEC Advisory Committee on Small and 3:00 p.m. All statements received will The text of the proposed rule change
Emerging Companies be posted without change; we do not is available on the Exchange’s Web site
AGENCY: Securities and Exchange edit personal identifying information at http://nasdaqbx.cchwallstreet.com/,
Commission. from submissions. You should submit at the principal office of the Exchange,
only information that you wish to make and at the Commission’s Public
ACTION: Notice of meeting.
available publicly. Reference Room.
SUMMARY: The Securities and Exchange FOR FURTHER INFORMATION CONTACT: Julie II. Self-Regulatory Organization’s
Commission Advisory Committee on Z. Davis, Senior Special Counsel, at Statement of the Purpose of, and
Small and Emerging Companies is (202) 551–3460, Office of Small Statutory Basis for, the Proposed Rule
providing notice that it will hold a Business Policy, Division of Corporation Change
public meeting on Wednesday, Finance, Securities and Exchange
September 13, 2017, in Multi-Purpose Commission, 100 F Street NE., In its filing with the Commission, the
Room LL–006 at the Commission’s Washington, DC 20549–3628. Exchange included statements
headquarters, 100 F Street NE., SUPPLEMENTARY INFORMATION: In concerning the purpose of and basis for
Washington, DC. The meeting will begin accordance with Section 10(a) of the the proposed rule change and discussed
at 9:30 a.m. (ET) and will be open to the Federal Advisory Committee Act, 5 any comments it received on the
public. The meeting will be webcast on U.S.C.-App. 1, and the regulations proposed rule change. The text of these
the Commission’s Web site at thereunder, William H. Hinman, statements may be examined at the
www.sec.gov. Persons needing special Designated Federal Officer of the places specified in Item IV below. The
accommodations to take part because of Committee, has ordered publication of Exchange has prepared summaries, set
a disability should notify the contact this notice. forth in sections A, B, and C below, of
person listed below. The public is Dated: August 14, 2017. the most significant aspects of such
invited to submit written statements to statements.
Brent J. Fields,
the Committee. The agenda for the
meeting includes matters relating to Committee Management Officer. A. Self-Regulatory Organization’s
rules and regulations affecting small and [FR Doc. 2017–17409 Filed 8–16–17; 8:45 am] Statement of the Purpose of, and
emerging companies under the federal BILLING CODE 8011–01–P Statutory Basis for, the Proposed Rule
securities laws. Change
DATES: The public meeting will be held 1. Purpose
SECURITIES AND EXCHANGE
on Wednesday, September 13, 2017. COMMISSION
Written statements should be received The purpose of the proposed rule
on or before September 11, 2017. [Release No. 34–81381; File No. SR–BX– change is to clarify when the Exchange
ADDRESSES: The meeting will be held at
2017–037] will utilize the Secondary Source of
the Commission’s headquarters, 100 F data pursuant to Rule 4759. Rule 4759
Self-Regulatory Organizations; lists the proprietary and network
Street NE., Washington, DC. Written NASDAQ BX, Inc.; Notice of Filing and
statements may be submitted by any of processor feeds that are utilized for the
Immediate Effectiveness of Proposed handling, routing, and execution of
the following methods: Rule Change To Further Clarify When orders, as well as for the regulatory
Electronic Statements the Exchange Will Utilize the compliance processes related to those
Secondary Source of Data Pursuant to functions. Rule 4759 also lists
• Use the Commission’s Internet Rule 4759
submission form (http://www.sec.gov/ Secondary Sources of data that are
info/smallbus/acsec.shtml); or August 11, 2017. utilized in emergency market
• Send an email message to rule- Pursuant to Section 19(b)(1) of the conditions, and only until those
comments@sec.gov. Please include File Securities Exchange Act of 1934 emergency conditions are resolved. The
Exchange proposes to amend this rule to
sradovich on DSK3GMQ082PROD with NOTICES

Number 265–27 on the subject line; or (‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on August 2, describe how the BX trading system
Paper Statements decides when to use the Primary or
2017, NASDAQ BX, Inc. (‘‘BX’’ or
• Send paper statements to Brent J. ‘‘Exchange’’) filed with the Securities Secondary Source of data. Specifically,
Fields, Federal Advisory Committee and Exchange Commission the Exchange proposes to amend Rule
Management Officer, Securities and 4759 to clarify that the Primary Source
Exchange Commission, 100 F Street NE., 1 15 U.S.C. 78s(b)(1). of data is used unless it is delayed by
Washington, DC 20549–1090. 2 17 CFR 240.19b–4. a configurable amount compared to the

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Document Created: 2017-08-17 01:42:51
Document Modified: 2017-08-17 01:42:51
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 39144