82 FR 44479 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 183 (September 22, 2017)

Page Range		44479-44479
FR Document		2017-20217

Federal Register, Volume 82 Issue 183 (Friday, September 22, 2017)

[Federal Register Volume 82, Number 183 (Friday, September 22, 2017)]
[Notices]
[Page 44479]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-20217]


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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:
    Rule 203-3, Form ADV-H, SEC File No. 270-481, OMB Control No. 
3235-0538

    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 (``Commission'') has submitted to the Office of Management 
and Budget (``OMB'') a request for extension of the previously approved 
collection of information discussed below.
    The title for the collection of information is ``Form ADV-H under 
the Investment Advisers Act of 1940.'' Rule 203-3 (17 CFR 275.203-3) 
under the Investment Advisers Act of 1940 (15 U.S.C. 80b) requires that 
registered advisers requesting either a temporary or continuing 
hardship exemption submit the request on Form ADV-H. Rule 204-4 (17 CFR 
275.204-4) under the Investment Advisers Act of 1940 requires that 
exempt reporting advisers requesting a temporary hardship exemption 
submit the request on Form ADV-H. The purpose of this collection of 
information is to permit advisers to obtain a hardship exemption to not 
complete an electronic filing. The temporary hardship exemption that is 
available to registered advisers under rule 203-3 and exempt reporting 
advisers under rule 204-4 permits these advisers to make late filings 
due to unforeseen computer or software problems. The continuing 
hardship exemption available to registered advisers under rule 203-3 
permits advisers to submit all required electronic filings on hard copy 
for data entry by the operator of the IARD.
    The Commission has estimated that compliance with the requirement 
to complete Form ADV-H imposes a total burden of approximately one hour 
for an adviser. Based on our experience, we estimate that we will 
receive two Form ADV-H filings annually from registered investment 
advisers and one Form ADV-H filing annually from exempt reporting 
advisers. Based on the 60 minute per respondent estimate, the 
Commission estimates a total annual burden of 3 hours for this 
collection of information.
    Rule 203-3, rule 204-4, and Form ADV-H do not require recordkeeping 
or records retention. The collection of information requirements under 
the rule and form are mandatory. The information collected pursuant to 
the rule and Form ADV-H consists of filings with the Commission. These 
filings are 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 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: September 19, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-20217 Filed 9-21-17; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 183 / Friday, September 22, 2017 / Notices 44479

(each, a ‘‘Subadvisory Agreement’’ and For the Commission, by the Division of investment advisers and one Form
collectively, the ‘‘Subadvisory Investment Management, under delegated ADV–H filing annually from exempt
authority. reporting advisers. Based on the 60
Agreements’’) and materially amend
Subadvisory Agreements without Eduardo A. Aleman, minute per respondent estimate, the
obtaining the shareholder approval Assistant Secretary. Commission estimates a total annual
required under section 15(a) of the Act [FR Doc. 2017–20176 Filed 9–21–17; 8:45 am] burden of 3 hours for this collection of
and rule 18f–2 under the Act.4 BILLING CODE 8011–01–P information.
Applicants also seek an exemption from Rule 203–3, rule 204–4, and Form
the Disclosure Requirements to permit a ADV–H do not require recordkeeping or
SECURITIES AND EXCHANGE records retention. The collection of
Subadvised Fund to disclose (as both a COMMISSION information requirements under the rule
dollar amount and a percentage of the
and form are mandatory. The
Subadvised Fund’s net assets): (a) The Submission for OMB Review; information collected pursuant to the
aggregate fees paid to the Adviser and Comment Request rule and Form ADV–H consists of filings
any Wholly-Owned Subadvisers; (b) the with the Commission. These filings are
Upon Written Request, Copies Available
aggregate fees paid to Non-Affiliated not kept confidential. An agency may
From: Securities and Exchange
Subadvisers, and (c) the fee paid to each not conduct or sponsor, and a person is
Commission, Office of FOIA Services,
Affiliated Subadviser. 100 F Street NE., Washington, DC not required to respond to, a collection
3. Applicants agree that any order 20549–2736 of information unless it displays a
granting the requested relief will be Extension: currently valid control number.
subject to the terms and conditions Rule 203–3, Form ADV–H, SEC File No. The public may view the background
stated in the application. Such terms 270–481, OMB Control No. 3235–0538 documentation for this information
and conditions provide for, among other collection at the following Web site,
Notice is hereby given that, pursuant
safeguards, appropriate disclosure to www.reginfo.gov. Comments should be
to the Paperwork Reduction Act of 1995
Subadvised Fund’s shareholders and directed to: (i) Desk Officer for the
(44 U.S.C. 3501 et seq.), the Securities
notification about subadvisory changes Securities and Exchange Commission,
and Exchange Commission
and enhanced Board oversight to protect Office of Information and Regulatory
(‘‘Commission’’) has submitted to the
Affairs, Office of Management and
the interests of the Subadvised Fund’s Office of Management and Budget
Budget, Room 10102, New Executive
shareholders. (‘‘OMB’’) a request for extension of the
Office Building, Washington, DC 20503,
4. Section 6(c) of the Act provides that previously approved collection of
or by sending an email to: Shagufta_
the Commission may exempt any information discussed below.
The title for the collection of Ahmed@omb.eop.gov; and (ii) Pamela
person, security, or transaction or any Dyson, Director/Chief Information
information is ‘‘Form ADV–H under the
class or classes of persons, securities, or Officer, Securities and Exchange
Investment Advisers Act of 1940.’’ Rule
transactions from any provisions of the 203–3 (17 CFR 275.203–3) under the Commission, c/o Remi Pavlik-Simon,
Act, or any rule thereunder, if such Investment Advisers Act of 1940 (15 100 F Street NE., Washington, DC 20549
relief is necessary or appropriate in the U.S.C. 80b) requires that registered or send an email to: PRA_Mailbox@
public interest and consistent with the advisers requesting either a temporary sec.gov. Comments must be submitted to
protection of investors and purposes or continuing hardship exemption OMB within 30 days of this notice.
fairly intended by the policy and submit the request on Form ADV–H. Dated: September 19, 2017.
provisions of the Act. Applicants Rule 204–4 (17 CFR 275.204–4) under Eduardo A. Aleman,
believe that the requested relief meets the Investment Advisers Act of 1940 Assistant Secretary.
this standard because, as further requires that exempt reporting advisers [FR Doc. 2017–20217 Filed 9–21–17; 8:45 am]
explained in the application, the requesting a temporary hardship BILLING CODE 8011–01–P
Investment Advisory Agreements will exemption submit the request on Form
remain subject to shareholder approval, ADV–H. The purpose of this collection
while the role of the Subadvisers is of information is to permit advisers to SECURITIES AND EXCHANGE
substantially equivalent to that of obtain a hardship exemption to not COMMISSION
individual portfolio managers, so that complete an electronic filing. The
requiring shareholder approval of temporary hardship exemption that is Submission for OMB Review;
Subadvisory Agreements would impose available to registered advisers under Comment Request
unnecessary delays and expenses on the rule 203–3 and exempt reporting
Upon Written Request, Copies Available
Subadvised Fund. Applicants believe advisers under rule 204–4 permits these
From: Securities and Exchange
that the requested relief from the advisers to make late filings due to
Commission, Office of FOIA Services,
Disclosure Requirements meets this unforeseen computer or software
100 F Street NE., Washington, DC
standard because it will improve the problems. The continuing hardship
20549–2736
exemption available to registered
Adviser’s ability to negotiate fees paid Extension:
advisers under rule 203–3 permits
to the Subadvisers that are more Rule 17Ab2–1, Form CA–1, SEC File No.
advisers to submit all required
advantageous for the Subadvised Fund. 270–203, OMB Control No. 3235–0195
electronic filings on hard copy for data
entry by the operator of the IARD. Notice is hereby given that pursuant
The Commission has estimated that to the Paperwork Reduction Act of 1995
4 The requested relief will not extend to any
compliance with the requirement to (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
subadviser, other than a Wholly-Owned Subadviser,
complete Form ADV–H imposes a total Securities and Exchange Commission
who is an affiliated person, as defined in section
2(a)(3) of the Act, of the Subadvised Fund or of the
burden of approximately one hour for (‘‘Commission’’) has submitted to the
Adviser, other than by reason of serving as a an adviser. Based on our experience, we Office of Management and Budget
subadviser to one or more of the Subadvised Funds estimate that we will receive two Form (‘‘OMB’’) a request for approval of
(‘‘Affiliated Subadviser’’). ADV–H filings annually from registered extension of the previously approved

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Document Created: 2017-09-22 01:52:58
Document Modified: 2017-09-22 01:52:58

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 44479