82 FR 42180 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 171 (September 6, 2017)

Page Range		42180-42181
FR Document		2017-18860
Federal Register, Volume 82 Issue 171 (Wednesday, September 6, 2017)
[Federal Register Volume 82, Number 171 (Wednesday, September 6, 2017)]
[Notices]
[Pages 42180-42181]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-18860]


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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-54C, SEC File No. 270-184, OMB Control No. 3235-0236.

    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'') 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.
    Certain investment companies can elect to be regulated as business 
development companies, as defined in section 2(a)(48) of the Investment 
Company Act of 1940 (``Investment Company Act''), under sections 55 
through 65 of the Investment Company Act. Under section 54(a) of the 
Investment Company Act,\1\ any company defined in section 2(a)(48)(A) 
and (B) of the Investment Company Act may, if it meets certain 
enumerated eligibility requirements, elect to be subject to the 
provisions of Sections 55 through 65 of the Investment Company Act by 
filing with the Commission a notification of election. Under section 
54(c) of the Investment Company Act,\2\ any business development 
company may voluntarily withdraw its election under section 54(a) of 
the Investment Company Act by filing a notice of withdrawal of election 
with the Commission. The Commission has adopted Form N-54C as the form 
for the notification of withdrawal of election to be subject to 
Sections 55 through 65 of the Investment Company Act. The purpose of 
Form N-54C is to notify the Commission that the business development 
company withdraws its election to be subject to Sections 55

[[Page 42181]]

through 65 of the Investment Company Act.
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    \1\ 15 U.S.C. 80a-53(a).
    \2\ 15 U.S.C. 80a-53(c).
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    The Commission estimates that on average approximately four 
business development companies file notifications on Form N-54C each 
year. Each of those business development companies need only make a 
single filing of Form N-54C. The Commission further estimates that this 
information collection imposes a burden of one hour, resulting in a 
total annual burden of four hours. Based on the estimated wage rate, 
the total cost to the business development company industry of the hour 
burden for complying with Form N-54C would be approximately $1,380.\3\
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    \3\ The industry burden is calculated by multiplying the total 
annual hour burden to prepare Form N-54C (four) by the estimated 
hourly wage rate of $345 for a compliance attorney or other 
similarly situated business development company employee. The 
estimated wage figure is based on published rates for compliance 
attorneys from the Securities Industry and Financial Markets 
Association's Report on Management & Professional Earnings in the 
Securities Industry 2013, modified by Commission staff to account 
for an 1800 hour work-year and inflation, and multiplied by 5.35 to 
account for bonuses, firm size, employee benefits and overhead, 
yielding an effective hourly rate of $1,380.
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    The collection of information under Form N-54C is mandatory. The 
information provided by the form is not 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.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden 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., Washington, DC 20549; or send an email 
to: [email protected].

    Dated: August 31, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-18860 Filed 9-5-17; 8:45 am]
 BILLING CODE 8011-01-P
42180 Federal Register / Vol. 82, No. 171 / Wednesday, September 6, 2017 / Notices

that retirement could not be permitted All submissions should refer to any For the Commission, by the Division of
to occur until it is confirmed that (1) of: File Numbers SR–BatsBZX–2017–37, Trading and Markets, pursuant to delegated
there are no material issues in CAT that authority.150
SR–BatsEDGX–2017–23, SR–BOX–
have not been corrected, (2) the CAT 2017–17, SR–BX–2017–027, SR–C2– Eduardo A. Aleman,
includes all data necessary to allow the 2017–018, SR–CBOE–2017–041, SR– Assistant Secretary.
SROs to continue to meet their FINRA–2017–013, SR–IEX–2017–18, [FR Doc. 2017–18793 Filed 9–5–17; 8:45 am]
surveillance obligations, and (3) the SR–ISE–2017–46, SR–MIAX–2017–20, BILLING CODE 8011–01–P
Plan Processor is sufficiently meeting all SR–NASDAQ–2017–055, SR–PEARL–
of its obligations under the CAT NMS 2017–23, SR–NYSE–2017–23, SR–
Plan? Why or why not? What are the SECURITIES AND EXCHANGE
NYSEArca–2017–57, SR–NYSEArca– COMMISSION
costs and benefits of the proposed 2017–59, SR–NYSEMKT–2017–29, SR–
approach versus an alternative NYSEMKT–2017–30, or SR–Phlx–2017–
approach, which may include not Proposed Collection; Comment
43, as appropriate. The file number Request
having any additional qualitative
should be included on the subject line
considerations? Upon Written Request, Copies Available
if email is used. To help the
14. To what extent should the SROs From: Securities and Exchange
Commission process and review your
consider CAT performance regarding Commission, Office of FOIA Services,
functions and data elements not present comments more efficiently, please use 100 F Street NE., Washington, DC
within existing audit trail systems when only one method. The Commission will 20549–2736.
determining when to allow retirement of post all comments on the Commission’s
Internet Web site (http://www.sec.gov/ Extension:
those existing systems? What are the Form N–54C, SEC File No. 270–184, OMB
costs and benefits of the proposed rules/sro.shtml). Copies of the Control No. 3235–0236.
approach versus any alternative submission, all subsequent
amendments, all written statements Notice is hereby given that, pursuant
approach that you would recommend? to the Paperwork Reduction Act of 1995
Do you believe that the Systems with respect to the proposed rule
change that are filed with the (44 U.S.C. 3501 et seq.), the Securities
Retirement Proposals will promote and Exchange Commission (the
efficiency, competition, and capital Commission, and all written
‘‘Commission’’) is soliciting comments
formation? Please submit any data or communications relating to the
on the collection of information
information that would assist the proposed rule change between the
summarized below. The Commission
Commission in considering these issues. Commission and any person, other than plans to submit this existing collection
15. Do you agree with the length of those that may be withheld from the of information to the Office of
the assessment period proposed by the public in accordance with the Management and Budget for extension
SROs? Why or why not? If not, what provisions of 5 U.S.C. 552, will be and approval.
alternative do you believe would be available for Web site viewing and Certain investment companies can
more appropriate and why? What are printing in the Commission’s Public elect to be regulated as business
the costs and benefits of the proposed Reference Room, 100 F Street NE., development companies, as defined in
approach versus any alternative Washington, DC 20549, on official section 2(a)(48) of the Investment
approach that you would recommend? business days between the hours of Company Act of 1940 (‘‘Investment
To the extent possible, please provide 10:00 a.m. and 3:00 p.m. Copies of the Company Act’’), under sections 55
specific data, analyses, or studies for filing also will be available for through 65 of the Investment Company
support. inspection and copying at the principal Act. Under section 54(a) of the
Comments may be submitted by any office of the SRO. All comments Investment Company Act,1 any
of the following methods: received will be posted without change; company defined in section 2(a)(48)(A)
Electronic Comments the Commission does not edit personal and (B) of the Investment Company Act
identifying information from may, if it meets certain enumerated
• Use the Commission’s Internet submissions. You should submit only eligibility requirements, elect to be
comment form (http://www.sec.gov/ information that you wish to make subject to the provisions of Sections 55
rules/sro.shtml); or available publicly. through 65 of the Investment Company
• Send an email to rule-comments@ Act by filing with the Commission a
sec.gov. Please include any of File All submissions should refer to any of
notification of election. Under section
Numbers SR–BatsBZX–2017–37, SR– File Numbers SR–BatsBZX–2017–37,
54(c) of the Investment Company Act,2
BatsEDGX–2017–23, SR–BOX–2017–17, SR–BatsEDGX–2017–23, SR–BOX–
any business development company
SR–BX–2017–027, SR–C2–2017–018, 2017–17, SR–BX–2017–027, SR–C2– may voluntarily withdraw its election
SR–CBOE–2017–041, SR–FINRA–2017– 2017–018, SR–CBOE–2017–041, SR– under section 54(a) of the Investment
013, SR–IEX–2017–18, SR–ISE–2017– FINRA–2017–013, SR–IEX–2017–18, Company Act by filing a notice of
46, SR–MIAX–2017–20, SR–NASDAQ– SR–ISE–2017–46, SR–MIAX–2017–20, withdrawal of election with the
2017–055, SR–PEARL–2017–23, SR– SR–NASDAQ–2017–055, SR–PEARL– Commission. The Commission has
NYSE–2017–23, SR–NYSEArca–2017– 2017–23, SR–NYSE–2017–23, SR– adopted Form N–54C as the form for the
57, SR–NYSEArca–2017–59, SR– NYSEArca–2017–57, SR–NYSEArca– notification of withdrawal of election to
2017–59, SR–NYSEMKT–2017–29, SR–
asabaliauskas on DSKBBXCHB2PROD with NOTICES

NYSEMKT–2017–29, SR–NYSEMKT– be subject to Sections 55 through 65 of
2017–30, or SR–Phlx–2017–43, as NYSEMKT–2017–30, or SR–Phlx–2017– the Investment Company Act. The
appropriate, on the subject line. 43, as appropriate, and should be purpose of Form N–54C is to notify the
submitted by September 27, 2017. Commission that the business
Paper Comments
Rebuttal comments should be submitted development company withdraws its
• Send paper comments in triplicate by October 11, 2017. election to be subject to Sections 55
to Secretary, Securities and Exchange
Commission, 100 F Street NE., 150 17 CFR 200.30–3(a)(12); 17 CFR 200.30– 1 15 U.S.C. 80a–53(a).
Washington, DC 20549–1090. 3(a)(57). 2 15 U.S.C. 80a–53(c).

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Federal Register / Vol. 82, No. 171 / Wednesday, September 6, 2017 / Notices 42181

through 65 of the Investment Company Dated: August 31, 2017. forth in Sections A, B, and C below, of
Act. Eduardo A. Aleman, the most significant parts of such
The Commission estimates that on Assistant Secretary. statements.
average approximately four business [FR Doc. 2017–18860 Filed 9–5–17; 8:45 am] A. Self-Regulatory Organization’s
development companies file BILLING CODE 8011–01–P Statement of the Purpose of, and
notifications on Form N–54C each year. Statutory Basis for, the Proposed Rule
Each of those business development Change
SECURITIES AND EXCHANGE
companies need only make a single 1. Purpose
COMMISSION
filing of Form N–54C. The Commission
further estimates that this information [Release No. 34–81497; File No. SR– BZX submits this rule filing to the
collection imposes a burden of one BatsBZX–2017–55] Securities and Exchange Commission
hour, resulting in a total annual burden (the ‘‘Commission’’) in connection with
Self-Regulatory Organizations; Bats a corporate transaction (the
of four hours. Based on the estimated BZX Exchange, Inc.; Notice of Filing of ‘‘Transaction’’) involving, among other
wage rate, the total cost to the business a Proposed Rule Change, as Modified things, the recent acquisition of BZX,
development company industry of the by Amendment No. 1, To Harmonize along with Bats BYX Exchange, Inc.
hour burden for complying with Form the Corporate Governance Framework (‘‘Bats BYX’’), Bats EDGX Exchange, Inc.
N–54C would be approximately $1,380.3 With That of Chicago Board Options (‘‘Bats EDGX’’), and Bats EDGA
The collection of information under Exchange, Incorporated and C2 Exchange, Inc. (‘‘Bats EDGA’’ and,
Form N–54C is mandatory. The Options Exchange Incorporated together with Bats BZX, Bats BYX, and
information provided by the form is not Bats EDGX, the ‘‘Bats Exchanges’’) by
August 30, 2017.
kept confidential. An agency may not CBOE Holdings, Inc. (‘‘CBOE
Pursuant to Section 19(b)(1) of the
conduct or sponsor, and a person is not Holdings’’). CBOE Holdings is also the
Securities Exchange Act of 1934 (the
required to respond to, a collection of parent of Chicago Board Options
‘‘Act’’),1 and Rule 19b–4 thereunder,2
information unless it displays a Exchange, Incorporated (‘‘CBOE’’) and
notice is hereby given that on August
currently valid OMB control number. C2 Options Exchange, Incorporated
23, 2017, Bats BZX Exchange, Inc.
(‘‘C2’’). This filing proposes to amend
Written comments are invited on: (a) (‘‘Exchange’’ or ‘‘BZX’’) filed with the
and restate the bylaws (and amend the
Whether the proposed collection of Securities and Exchange Commission
rules, accordingly) and the certificate of
information is necessary for the proper (‘‘Commission’’) the proposed rule
incorporation of the Exchange based on
performance of the functions of the change as described in Items I and II
the bylaws and certificates of
agency, including whether the below, which Items have been prepared
incorporation of CBOE and C2.
information will have practical utility; by the Exchange. On August 25, 2017, Specifically, the Exchange proposes to
(b) the accuracy of the agency’s estimate the Exchange filed Amendment No. 1 to replace the certificate of incorporation
of the burden of the collection of the proposed rule change. The of Bats BZX Exchange, Inc., (the
information; (c) ways to enhance the Commission is publishing this notice to ‘‘current Certificate’’) in its entirety with
quality, utility, and clarity of the solicit comments on the proposed rule the Amended and Restated Certificate of
information collected; and (d) ways to change, as modified by Amendment No. Incorporation of Bats BZX Exchange,
1, from interested persons. Inc. (the ‘‘proposed Certificate’’).
minimize the burden of the collection of
information on respondents, including I. Self-Regulatory Organization’s Additionally, the Exchange proposes to
through the use of automated collection Statement of the Terms of Substance of replace the Fifth Amended and Restated
techniques or other forms of information the Proposed Rule Change Bylaws of Bats BZX Exchange, Inc. (the
technology. Consideration will be given The Exchange filed a proposal to ‘‘current Bylaws’’) in its entirety with
to comments and suggestions submitted amend and restate its certificate of the Sixth Amended and Restated
in writing within 60 days of this incorporation and bylaws, as well as Bylaws of Bats BZX Exchange, Inc. (the
publication. amend its Rules. ‘‘proposed Bylaws’’). The Exchange
The text of the proposed rule change believes that it is important for each of
Please direct your written comments CBOE Holdings’ six U.S. securities
to Pamela Dyson, Director/Chief is available at the Exchange’s Web site
at www.bats.com, at the principal office exchanges to have a consistent, uniform
Information Officer, Securities and approach to corporate governance.
of the Exchange, and at the
Exchange Commission, C/O Remi Therefore, to simplify and unify the
Commission’s Public Reference Room.
Pavlik-Simon, 100 F Street NE., governance and corporate practices of
Washington, DC 20549; or send an email II. Self-Regulatory Organization’s these six exchanges, the Exchange
to: PRA_Mailbox@sec.gov. Statement of the Purpose of, and proposes to revise the current Certificate
Statutory Basis for, the Proposed Rule and current Bylaws to conform them to
3 The industry burden is calculated by Change the certificates of incorporation and
multiplying the total annual hour burden to prepare In its filing with the Commission, the bylaws of the CBOE and C2 exchanges
Form N–54C (four) by the estimated hourly wage (i.e., the Third Amended and Restated
rate of $345 for a compliance attorney or other
Exchange included statements
concerning the purpose of and basis for Certificate of Incorporation of Chicago
similarly situated business development company
asabaliauskas on DSKBBXCHB2PROD with NOTICES

employee. The estimated wage figure is based on the proposed rule change and discussed Board Options Exchange, Incorporated
published rates for compliance attorneys from the any comments it received on the and the Fourth Amended and Restated
Securities Industry and Financial Markets proposed rule change. The text of these Certificate of C2 Options Exchange,
Association’s Report on Management & Professional statements may be examined at the Incorporated (collectively referred to
Earnings in the Securities Industry 2013, modified herein as the ‘‘CBOE Certificate’’) and
by Commission staff to account for an 1800 hour
places specified in Item IV below. The
Exchange has prepared summaries, set the Eighth Amended and Restated
work-year and inflation, and multiplied by 5.35 to
account for bonuses, firm size, employee benefits Bylaws of Chicago Board Options
and overhead, yielding an effective hourly rate of 1 15 U.S.C. 78s(b)(1). Exchange, Incorporated and the Eighth
$1,380. 2 17 CFR 240.19b–4. Amended and Restated Bylaws of C2

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Document Created: 2017-09-06 00:56:30
Document Modified: 2017-09-06 00:56:30
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 42180