82 FR 42194 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

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

Page Range		42194-42195
FR Document		2017-18859

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

[Federal Register Volume 82, Number 171 (Wednesday, September 6, 2017)]
[Notices]
[Pages 42194-42195]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-18859]


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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-6F, SEC File No. 270-185, OMB Control No. 3235-0238

    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.
    The title for the collection of information is ``Form N-6F (17 CFR 
274.15), Notice of Intent to Elect to be Subject to Sections 55 through 
65 of the Investment Company Act of 1940.'' The purpose of Form N-6F is 
to notify the Commission of a company's intent to file a notification 
of election to become

[[Page 42195]]

subject to Sections 55 through 65 of the Investment Company Act of 1940 
(15 U.S.C. 80a-1 et seq.) (``1940 Act''). Certain companies may have to 
make a filing with the Commission before they are ready to elect to be 
regulated as a business development company.\1\ A company that is 
excluded from the definition of ``investment company'' by Section 
3(c)(1) because it has fewer than one hundred shareholders and is not 
making a public offering of its securities may lose such an exclusion 
solely because it proposes to make a public offering of securities as a 
business development company. Such company, under certain conditions, 
would not lose its exclusion if it notifies the Commission on Form N-6F 
of its intent to make an election to be regulated as a business 
development company. The company only has to file a Form N-6F once.
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    \1\ A company might not be prepared to elect to be subject to 
Sections 55 through 65 of the 1940 Act because its capital structure 
or management compensation plan is not yet in compliance with the 
requirements of those sections.
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    The Commission estimates that on average approximately 12 companies 
file these notifications each year. Each of those companies need only 
make a single filing of Form N-6F. The Commission further estimates 
that this information collection imposes burden of 0.5 hours, resulting 
in a total annual PRA burden of 6 hours. Based on the estimated wage 
rate, the total cost to the industry of the hour burden for complying 
with Form N-6F would be approximately $2,070.
    The collection of information under Form N-6F is mandatory. The 
information provided under 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. 2017-18859 Filed 9-5-17; 8:45 am]
 BILLING CODE 8011-01-P

42194 Federal Register / Vol. 82, No. 171 / Wednesday, September 6, 2017 / Notices

and designed to protect investors and appropriate in furtherance of the Commission, and all written
the public interest.63 The Exchange purposes of the Act. The proposed rule communications relating to the
believes that conforming its governance change relates to the corporate proposed rule change between the
documents based on the documents of governance of BZX and not the Commission and any person, other than
the CBOE and C2 exchanges would operations of the Exchange. This is not those that may be withheld from the
streamline the CBOE Holdings’ U.S. a competitive filing and, therefore, public in accordance with the
securities exchanges’ governance imposes no burden on competition. provisions of 5 U.S.C. 552, will be
process, create equivalent governing available for Web site viewing and
standards among the exchanges and also C. Self-Regulatory Organization’s printing in the Commission’s Public
provide clarity to its members, which is Statement on Comments on the Reference Room, 100 F Street NE.,
beneficial to both investors and the Proposed Rule Change Received From Washington, DC 20549 on official
public interest. Members, Participants or Others business days between the hours of
To the extent there are differences The Exchange neither solicited nor 10:00 a.m. and 3:00 p.m. Copies of the
between the current CBOE and C2 received comments on the proposed filing will also be available for
framework and the proposed Exchange rule change. inspection and copying at the principal
framework, the Exchange believes the office of the Exchange. All comments
III. Date of Effectiveness of the
differences are reasonable. First, the received will be posted without change;
Exchange believes it’s reasonable to Proposed Rule Change and Timing for
the Commission does not edit personal
provide that in Run-Off Elections, each Commission Action
identifying information from
Exchange Member shall have one (1) Within 45 days of the date of submissions. You should submit only
vote for each Representative Director publication of this notice in the Federal information that you wish to make
position to be filled that year instead of Register or within such longer period available publicly. All submissions
one vote per Trading Permit held, up to 90 days (i) as the Commission may should refer to File No. SR–BatsBZX–
because the Exchange, unlike CBOE and designate if it finds such longer period 2017–55 and should be submitted on or
C2, does not have Trading Permits and to be appropriate and publishes its before September 27, 2017.
because other exchanges have similar reasons for so finding or (ii) as to which For the Commission, by the Division of
practices 64 The Exchange believes it’s the Exchange consents, the Commission Trading and Markets, pursuant to delegated
also reasonable not to require the will: (a) By order approve or disapprove authority.65
establishment of an Advisory Board, as such proposed rule change, or (b) Eduardo A. Aleman,
the Exchange desires flexibility in institute proceedings to determine Assistant Secretary.
maintaining such a Committee, and is whether the proposed rule change [FR Doc. 2017–18791 Filed 9–5–17; 8:45 am]
not statutorily required to maintain such should be disapproved.
BILLING CODE 8011–01–P
a committee. Additionally, the
IV. Solicitation of Comments
Exchange notes that it currently does
not have an Advisory Board. Lastly, the Interested persons are invited to
SECURITIES AND EXCHANGE
Exchange notes that it is reasonable to submit written data, views and
COMMISSION
not require a standing exchange-level arguments concerning the foregoing,
Appeals Committee because the Board including whether the proposal is Proposed Collection; Comment
still has the authority to appoint an consistent with the Act. Comments may Request
Appeals Committee in the future as be submitted by any of the following
needed pursuant to its powers under methods: Upon Written Request, Copies Available
Article IV, Section 4.1 of the proposed From: Securities and Exchange
Electronic Comments Commission; Office of FOIA Services;
Bylaws and because an Appeals
Committee is not statutorily required. • Use the Commission’s Internet 100 F Street NE.; Washington, DC
Finally, the proposed amendments to comment form (http://www.sec.gov/ 20549–2736
the rules as discussed above are non- rules/sro.shtml); or Extension:
substantive changes meant to merely • Send an email to rule-comments@ Form N–6F, SEC File No. 270–185, OMB
update the Rules in light of the sec.gov. Please include File No. SR– Control No. 3235–0238
proposed changes to the current Bylaws BatsBZX–2017–55 on the subject line. Notice is hereby given that, pursuant
and to relocate certain provisions to Paper Comments to the Paperwork Reduction Act of 1995
better conform the Exchange’s (44 U.S.C. 3501 et seq.) the Securities
governance documents to those of CBOE • Send paper comments in triplicate
and Exchange Commission (the
and C2. to Secretary, Securities and Exchange ‘‘Commission’’) is soliciting comments
Commission, 100 F Street NE., on the collection of information
B. Self-Regulatory Organization’s Washington, DC 20549–1090.
Statement on Burden on Competition summarized below. The Commission
All submissions should refer to File No. plans to submit this existing collection
The Exchange does not believe the SR–BatsBZX–2017–55. This file number of information to the Office of
proposed rule change will impose any should be included on the subject line Management and Budget for extension
burden on competition not necessary or if email is used. To help the and approval.
Commission process and review your The title for the collection of
asabaliauskas on DSKBBXCHB2PROD with NOTICES

63 See e.g., Securities Exchange Act Release No.
comments more efficiently, please use information is ‘‘Form N–6F (17 CFR
62158 (May 24, 2010), 75 FR 30082 (May 28, 2010) only one method. The Commission will
(SR–CBOE–2008–088); Securities Exchange Act 274.15), Notice of Intent to Elect to be
Release No. 64127 (March 25, 2011), 76 FR 17974 post all comments on the Commission’s Subject to Sections 55 through 65 of the
(March 31, 2011) (SR–CBOE–2011–010); and Internet Web site (http://www.sec.gov/ Investment Company Act of 1940.’’ The
Securities Exchange Act Release No. 80523 (April rules/sro.shtml). Copies of the purpose of Form N–6F is to notify the
25, 2017), 82 FR 20399 (May 1, 2017) (SR–CBOE– submission, all subsequent
2017–017).
Commission of a company’s intent to
64 See e.g., Amended and Restated By-Laws of amendments, all written statements file a notification of election to become
Miami International Securities Exchange, LLC, with respect to the proposed rule
Article II, Section 2.4(f). change that are filed with the 65 17 CFR 200.30–3(a)(12).

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Federal Register / Vol. 82, No. 171 / Wednesday, September 6, 2017 / Notices 42195

subject to Sections 55 through 65 of the Please direct your written comments Reference Room and also on the
Investment Company Act of 1940 (15 to Pamela Dyson, Director/Chief Exchange’s Internet Web site at http://
U.S.C. 80a–1 et seq.) (‘‘1940 Act’’). Information Officer, Securities and boxexchange.com.
Certain companies may have to make a Exchange Commission, C/O Remi
II. Self-Regulatory Organization’s
filing with the Commission before they Pavlik-Simon, 100 F Street NE.,
Washington, DC 20549; or send an email Statement of the Purpose of, and
are ready to elect to be regulated as a
to: PRA_Mailbox@sec.gov. Statutory Basis for, the Proposed Rule
business development company.1 A
Change
company that is excluded from the Dated: August 31, 2017.
definition of ‘‘investment company’’ by In its filing with the Commission, the
Eduardo A. Aleman,
Section 3(c)(1) because it has fewer than Exchange included statements
Assistant Secretary.
one hundred shareholders and is not concerning the purpose of and basis for
[FR Doc. 2017–18859 Filed 9–5–17; 8:45 am] the proposed rule change and discussed
making a public offering of its securities
BILLING CODE 8011–01–P any comments it received on the
may lose such an exclusion solely
because it proposes to make a public proposed rule change. The text of these
offering of securities as a business statements may be examined at the
SECURITIES AND EXCHANGE
development company. Such company, places specified in Item IV below. The
COMMISSION
under certain conditions, would not Exchange has prepared summaries, set
lose its exclusion if it notifies the [Release No. 34–81504; File No. SR–BOX– forth in Sections A, B, and C below, of
Commission on Form N–6F of its intent 2017–28] the most significant aspects of such
to make an election to be regulated as statements.
Self-Regulatory Organizations; BOX
a business development company. The A. Self-Regulatory Organization’s
Options Exchange LLC; Notice of
company only has to file a Form N–6F Filing and Immediate Effectiveness of Statement of the Purpose of, and
once. a Proposed Rule Change To Establish Statutory Basis for, the Proposed Rule
The Commission estimates that on Fees and Rebates for the Trading Floor Change
average approximately 12 companies on the BOX Market LLC (‘‘BOX’’)
file these notifications each year. Each 1. Purpose
Options Facility
of those companies need only make a The Exchange proposes to amend the
single filing of Form N–6F. The August 30, 2017. Fee Schedule for trading on BOX to
Commission further estimates that this Pursuant to Section 19(b)(1) of the create a new fee and rebate structure for
information collection imposes burden Securities Exchange Act of 1934 (the manual transactions initiated from the
of 0.5 hours, resulting in a total annual ‘‘Act’’),1 and Rule 19b–4 thereunder,2 BOX Trading Floor. The Exchange
PRA burden of 6 hours. Based on the notice is hereby given that on August recently adopted rules to allow for an
estimated wage rate, the total cost to the 21, 2017, BOX Options Exchange LLC open outcry Trading Floor.5
industry of the hour burden for (the ‘‘Exchange’’) filed with the The Exchange represented in its filing
complying with Form N–6F would be Securities and Exchange Commission with the Securities and Exchange
approximately $2,070. (‘‘Commission’’) the proposed rule Commission (‘‘SEC’’ or the
The collection of information under change as described in Items I, II, and ‘‘Commission’’) to establish the Trading
Form N–6F is mandatory. The III below, which Items have been Floor that, ‘‘the Exchange has not yet
information provided under the form is prepared by the Exchange. The determined the fees for transactions
not kept confidential. An agency may Exchange filed the proposed rule change executed on the Trading Floor. Prior to
not conduct or sponsor, and a person is pursuant to Section 19(b)(3)(A)(ii) of the commencing trading on the Trading
not required to respond to, a collection Act,3 and Rule 19b–4(f)(2) thereunder,4 Floor, the Exchange will file proposed
of information unless it displays a which renders the proposal effective fees with the Commission.’’ 6 As the
currently valid OMB control number. upon filing with the Commission. The Exchange intends to begin trading on
Written comments are invited on: (a) Commission is publishing this notice to the Trading Floor on August 22, 2017,
Whether the proposed collection of solicit comments on the proposed rule it is submitting this filing to describe the
information is necessary for the proper change from interested persons. fees that will be applicable to
performance of the functions of the I. Self-Regulatory Organization’s transactions presented on the Trading
agency, including whether the Statement of the Terms of the Substance Floor.
information will have practical utility; of the Proposed Rule Change
(b) the accuracy of the agency’s estimate Section I. Exchange Fees
of the burden of the collection of The Exchange is filing with the The Exchange proposes to amend the
information; (c) ways to enhance the Securities and Exchange Commission language to the title of Section I. to
quality, utility, and clarity of the (‘‘Commission’’) a proposed rule change differentiate between electronic
information collected; and (d) ways to to amend the Fee Schedule to establish transaction fees and manual transaction
minimize the burden of the collection of fees and rebates for the Trading Floor on fees. Currently, the Exchange assesses
information on respondents, including the BOX Market LLC (‘‘BOX’’) options Exchange Fees based on transaction
through the use of automated collection facility. While changes to the fee types and account types. The Exchange
techniques or other forms of information schedule pursuant to this proposal will proposes to add ‘‘Electronic
technology. Consideration will be given be effective upon filing, the changes will Transaction’’ and remove ‘‘Exchange’’ to
asabaliauskas on DSKBBXCHB2PROD with NOTICES

to comments and suggestions submitted become operative on August 22, 2017. the title of Section I to distinguish that
in writing within 60 days of this The text of the proposed rule change is Section I fees only apply to transactions
publication. available from the principal office of the that are initiated electronically through
Exchange, at the Commission’s Public
1 A company might not be prepared to elect to be 5 See Securities Exchange Release No. 81292
1 15 U.S.C. 78s(b)(1).
subject to Sections 55 through 65 of the 1940 Act (August 2, 2017), 82 FR 37144 (August 8,
2 17 CFR 240.19b–4.
because its capital structure or management 2017)(Order Approving SR–BOX–2016–48 as
3 15 U.S.C. 78s(b)(3)(A)(ii). modified by Amendment Nos. 1 and 2).
compensation plan is not yet in compliance with
the requirements of those sections. 4 17 CFR 240.19b–4(f)(2). 6 Id.

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Document Created: 2017-09-06 00:56:41
Document Modified: 2017-09-06 00:56:41

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 42194