83_FR_12114 83 FR 12061 - Submission for OMB Review; Comment Request

83 FR 12061 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 53 (March 19, 2018)

Page Range12061-12062
FR Document2018-05530

Federal Register, Volume 83 Issue 53 (Monday, March 19, 2018)
[Federal Register Volume 83, Number 53 (Monday, March 19, 2018)]
[Notices]
[Pages 12061-12062]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-05530]


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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,

[[Page 12062]]

100 F Street NE, Washington, DC 20549-2736

Extension:
    Form 10-D, SEC File No. 270-544, OMB Control No. 3235-0604

    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 this request for extension of the previously approved 
collection of information discussed below.
    Form 10-D is a periodic report used by asset-backed issuers to file 
distribution and pool performance information pursuant to Rule 13a-17 
(17 CFR 240.13a-17) or Rule 15d-17 (17 CFR 240.15d-17) of the 
Securities Exchange Act of 1934 (``Exchange Act'') (15 U.S.C. 78a et 
seq.). The form is required to be filed within 15 days after each 
required distribution date on the asset-backed securities, as specified 
in the governing documents for such securities. The information 
provided by Form 10-D is mandatory and all information is made 
available to the public upon request. Form 10-D takes approximately 30 
hours per response to prepare and is filed by approximately 2,169 
respondents. Each respondent files an estimated 3.8073 Form 10-Ds per 
year for a total of 8,258 responses. We estimate that 75% of the 30 
hours per response (22.5 hours) is prepared by the company for a total 
annual reporting burden of 185,805 hours (22.5 hours per response x 
8,258 responses).
    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 website, 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: 
Shagufta_Ahmed@omb.eop.gov; 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: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: March 14, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-05530 Filed 3-16-18; 8:45 am]
 BILLING CODE 8011-01-P



                                                                              Federal Register / Vol. 83, No. 53 / Monday, March 19, 2018 / Notices                                                     12061

                                                SECURITIES AND EXCHANGE                                 other parties insured by the joint bond                 with any notices to directors, and
                                                COMMISSION                                              regarding recovery under the bond.                      managing any updates to the bond and
                                                                                                                                                                the joint agreement (if one exists). The
                                                [SEC File No. 270–208, OMB Control No.                  Filings With the Commission
                                                3235–0213]
                                                                                                                                                                time spent by the board of directors as
                                                                                                           Upon the execution of a fidelity bond                a whole includes any time spent
                                                                                                        or any amendment thereto, a fund must                   initially establishing the bond, as well
                                                Proposed Collection; Comment
                                                                                                        file with the Commission within 10                      as time spent on annual updates and
                                                Request
                                                                                                        days: (i) A copy of the executed bond or                approvals. The Commission staff
                                                Upon Written Request, Copies Available                  any amendment to the bond, (ii) the                     therefore estimates the total ongoing
                                                 From: Securities and Exchange                          independent directors’ resolution                       paperwork burden hours per year for all
                                                 Commission, Office of FOIA Services,                   approving the bond, and (iii) a                         funds required by rule 17g–1 to be 6,346
                                                 100 F Street NE, Washington, DC                        statement as to the period for which                    hours (3,173 funds × 2 hours = 6,346
                                                 20549–2736                                             premiums have been paid on the bond.                    hours).
                                                Extension:
                                                                                                        In the case of a joint insured bond, a                     These estimates of average burden
                                                  Rule 17g–1                                            fund must also file: (i) A statement                    hours are made solely for the purposes
                                                                                                        showing the amount the fund would                       of the Paperwork Reduction Act. These
                                                   Notice is hereby given that, pursuant                have been required to maintain under
                                                to the Paperwork Reduction Act of 1995                                                                          estimates are not derived from a
                                                                                                        the rule if it were insured under a single              comprehensive or even a representative
                                                (44 U.S.C. 3501–3520), the Securities                   insured bond; and (ii) the agreement
                                                and Exchange Commission (the                                                                                    survey or study of Commission rules.
                                                                                                        between the fund and all other insured                  The collection of information required
                                                ‘‘Commission’’) is soliciting comments                  parties regarding recovery under the
                                                on the collection of information                                                                                by rule 17g–1 is mandatory and will not
                                                                                                        bond. A fund must also notify the
                                                summarized below. The Commission                                                                                be kept confidential. An agency may not
                                                                                                        Commission in writing within five days
                                                plans to submit this existing collection                                                                        conduct or sponsor, and a person is not
                                                                                                        of any claim or settlement on a claim
                                                of information to the Office of                                                                                 required to respond to, a collection of
                                                                                                        under the fidelity bond.
                                                Management and Budget for extension                                                                             information unless it displays a
                                                and approval.                                           Notices to Directors                                    currently valid control number.
                                                   Rule 17g–1 (17 CFR 270.17g–1) under                     A fund must notify by registered mail                   Written comments are requested on:
                                                the Investment Company Act of 1940                      each member of its board of directors of:               (i) Whether the collection of information
                                                (the ‘‘Act’’) (15 U.S.C. 80a–17(g))                     (i) Any cancellation, termination, or                   is necessary for the proper performance
                                                governs the fidelity bonding of officers                modification of the fidelity bond at least              of the functions of the Commission,
                                                and employees of registered                             45 days prior to the effective date; and                including whether the information has
                                                management investment companies                         (ii) the filing or settlement of any claim              practical utility; (ii) the accuracy of the
                                                (‘‘funds’’) and their advisers. Rule 17g–               under the fidelity bond when                            Commission’s estimate of the burden of
                                                1 requires, in part, the following:                     notification is filed with the                          the collection of information; (iii) ways
                                                                                                        Commission.                                             to enhance the quality, utility and
                                                Independent Directors’ Approval                            Rule 17g–1’s independent directors’                  clarity of the information collected; and
                                                  The form and amount of the fidelity                   annual review requirements, fidelity                    (iv) ways to minimize the burden of the
                                                bond must be approved by a majority of                  bond content requirements, joint bond                   collection of information on
                                                the fund’s independent directors at least               agreement requirement, and the                          respondents, including through the use
                                                once annually, and the amount of any                    required notices to directors are                       of automated collection techniques or
                                                premium paid by the fund for any ‘‘joint                designed to ensure the safety of fund                   other forms of information technology.
                                                insured bond,’’ covering multiple funds                 assets against losses due to the conduct                Consideration will be given to
                                                or certain affiliates, must be approved                 of persons who may obtain access to                     comments and suggestions submitted in
                                                by a majority of the fund’s independent                 those assets. These requirements also                   writing within 60 days of this
                                                directors.                                              seek to facilitate oversight of a fund’s                publication.
                                                                                                        fidelity bond. The rule’s required filings                 Please direct your written comments
                                                Terms and Provisions of the Bond                        with the Commission are designed to                     to Pamela Dyson, Director/Chief
                                                  The amount of the bond may not be                     assist the Commission in monitoring                     Information Officer, Securities and
                                                less than the minimum amounts of                        funds’ compliance with the fidelity                     Exchange Commission, C/O Remi
                                                coverage set forth in a schedule based                  bond requirements.                                      Pavlik-Simon, 100 F Street NE,
                                                on the fund’s gross assets. The bond                       Based on conversations with                          Washington, DC 20549; or send an email
                                                must provide that it shall not be                       representatives in the fund industry, the               to: PRA_Mailbox@sec.gov.
                                                cancelled, terminated, or modified                      Commission staff estimates that for each
                                                                                                                                                                  Dated: March 13, 2018.
                                                except upon 60-days written notice to                   of the estimated 3,173 active funds
                                                                                                                                                                Eduardo A. Aleman,
                                                the affected party and to the                           (respondents),1 the average annual
                                                                                                        paperwork burden associated with rule                   Assistant Secretary.
                                                Commission. In the case of a joint
                                                                                                        17g–1’s requirements is two hours, one                  [FR Doc. 2018–05431 Filed 3–16–18; 8:45 am]
                                                insured bond, 60-days written notice
                                                must also be given to each fund covered                 hour each for a compliance attorney and                 BILLING CODE 8011–01–P

                                                by the bond. A joint insured bond must                  the board of directors as a whole. The
                                                provide that the fidelity insurance                     time spent by a compliance attorney
                                                                                                        includes time spent filing reports with                 SECURITIES AND EXCHANGE
                                                company will provide all funds covered
sradovich on DSK3GMQ082PROD with NOTICES




                                                                                                        the Commission for fidelity losses (if                  COMMISSION
                                                by the bond with a copy of the
                                                agreement, a copy of any claim on the                   any) as well as paperwork associated
                                                                                                                                                                Submission for OMB Review;
                                                bond, and notification of the terms of                                                                          Comment Request
                                                                                                          1 Based  on statistics compiled by Commission
                                                the settlement of any claim prior to
                                                                                                        staff, we estimate that there are approximately 3,173
                                                execution of that settlement. Finally, a                funds that must comply with the collections of
                                                                                                                                                                Upon Written Request Copies Available
                                                fund that is insured by a joint bond                    information under rule 17g–1 and have made a             From: Securities and Exchange
                                                must enter into an agreement with all                   filing within the last 12 months.                        Commission, Office of FOIA Services,


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                                                12062                         Federal Register / Vol. 83, No. 53 / Monday, March 19, 2018 / Notices

                                                   100 F Street NE, Washington, DC                        Dated: March 14, 2018.                              Dyson, Director/Chief Information
                                                   20549–2736                                           Eduardo A. Aleman,                                    Officer, Securities and Exchange
                                                Extension:                                              Assistant Secretary.                                  Commission, c/o Remi Pavlik-Simon,
                                                  Form 10–D, SEC File No. 270–544, OMB                  [FR Doc. 2018–05530 Filed 3–16–18; 8:45 am]           100 F Street NE, Washington, DC 20549
                                                    Control No. 3235–0604                               BILLING CODE 8011–01–P                                or send an email to: PRA_Mailbox@
                                                                                                                                                              sec.gov. Comments must be submitted to
                                                   Notice is hereby given that, pursuant                                                                      OMB within 30 days of this notice.
                                                to the Paperwork Reduction Act of 1995                  SECURITIES AND EXCHANGE                                 Dated: March 14, 2018.
                                                (44 U.S.C. 3501 et seq.), the Securities                COMMISSION                                            Eduardo A. Aleman,
                                                and Exchange Commission                                                                                       Assistant Secretary.
                                                (‘‘Commission’’) has submitted to the                   Submission for OMB Review;
                                                                                                        Comment Request                                       [FR Doc. 2018–05531 Filed 3–16–18; 8:45 am]
                                                Office of Management and Budget this                                                                          BILLING CODE 8011–01–P
                                                request for extension of the previously                 Upon Written Request Copies Available
                                                approved collection of information                       From: Securities and Exchange
                                                discussed below.                                         Commission, Office of FOIA Services,                 SECURITIES AND EXCHANGE
                                                   Form 10–D is a periodic report used                   100 F Street NE, Washington, DC                      COMMISSION
                                                                                                         20549–2736.
                                                by asset-backed issuers to file
                                                                                                        Extension:                                            Submission for OMB Review;
                                                distribution and pool performance
                                                                                                          Form SF–3 SEC File No. 270–638, OMB                 Comment Request
                                                information pursuant to Rule 13a–17 (17
                                                                                                            Control No. 3235–0690
                                                CFR 240.13a–17) or Rule 15d–17 (17                                                                            Upon Written Request Copies Available
                                                CFR 240.15d–17) of the Securities                          Notice is hereby given that, pursuant               From: Securities and Exchange
                                                Exchange Act of 1934 (‘‘Exchange Act’’)                 to the Paperwork Reduction Act of 1995                 Commission, Office of FOIA Services,
                                                (15 U.S.C. 78a et seq.). The form is                    (44 U.S.C. 3501 et seq.), the Securities               100 F Street NE, Washington, DC
                                                required to be filed within 15 days after               and Exchange Commission                                20549–2736.
                                                                                                        (‘‘Commission’’) has submitted to the
                                                each required distribution date on the                                                                        Extension:
                                                                                                        Office of Management and Budget this
                                                asset-backed securities, as specified in                request for extension of the previously
                                                                                                                                                                Form 15, SEC File No. 270–170, OMB
                                                the governing documents for such                                                                                  Control No. 3235–0167.
                                                                                                        approved collection of information
                                                securities. The information provided by                 discussed below.                                         Notice is hereby given that, pursuant
                                                Form 10–D is mandatory and all                             Form SF–3 (17 CFR 239.45) is a short               to the Paperwork Reduction Act of 1995
                                                information is made available to the                    form registration statement used for                  (44 U.S.C. 3501 et seq.), the Securities
                                                public upon request. Form 10–D takes                    non-shelf issuers of asset-backed                     and Exchange Commission
                                                approximately 30 hours per response to                  securities to register a public offering of           (‘‘Commission’’) has submitted to the
                                                prepare and is filed by approximately                   their securities under the Securities Act             Office of Management and Budget this
                                                2,169 respondents. Each respondent                      of 1933 (15 U.S.C. 77a et seq.). Form                 request for extension of the previously
                                                files an estimated 3.8073 Form 10–Ds                    SF–3 takes approximately 1,380 hours                  approved collection of information
                                                per year for a total of 8,258 responses.                per response and is filed by                          discussed below.
                                                We estimate that 75% of the 30 hours                    approximately 71 issuers annually. The                   Form 15 (17 CFR 249.323) is a
                                                per response (22.5 hours) is prepared by                information collected is intended to                  certification of termination of a class of
                                                the company for a total annual reporting                ensure that the information required to               security under Section 12(g) or notice of
                                                burden of 185,805 hours (22.5 hours per                 be filed by the Commission permits                    suspension of duty to file reports
                                                                                                        verification of compliance with                       pursuant to Sections 13 and 15(d) of the
                                                response × 8,258 responses).
                                                                                                        securities law requirements and assures               Securities Exchange Act of 1934 (15
                                                   An agency may not conduct or                         the public availability of such                       U.S.C. 78a et seq.). All information is
                                                sponsor, and a person is not required to                information in the asset-backed                       provided to the public for review. We
                                                respond to, a collection of information                 securities market. We estimate that 25%               estimate that approximately 1,062
                                                unless it displays a currently valid                    of the 1,380 hours per response (345                  issuers file Form 15 annually and it
                                                control number.                                         hours) is prepared by the issuer for a                takes approximately 1.5 hours per
                                                   The public may view the background                   total annual reporting burden of 24,495               response to prepare for a total of 1,593
                                                documentation for this information                      hours (345 hours per response × 71                    annual burden hours (1.5 hours per
                                                collection at the following website,                    responses).                                           response × 1,062 responses).
                                                www.reginfo.gov. Comments should be                        An agency may not conduct or                          An agency may not conduct or
                                                                                                        sponsor, and a person is not required to              sponsor, and a person is not required to
                                                directed to: (i) Desk Officer for the
                                                                                                        respond to, a collection of information               respond to, a collection of information
                                                Securities and Exchange Commission,
                                                                                                        unless it displays a currently valid                  unless it displays a currently valid
                                                Office of Information and Regulatory                                                                          control number.
                                                                                                        control number.
                                                Affairs, Office of Management and                          The public may view the background                    The public may view the background
                                                Budget, Room 10102, New Executive                       documentation for this information                    documentation for this information
                                                Office Building, Washington, DC 20503,                  collection at the following website,                  collection at the following website,
                                                or by sending an email to: Shagufta_                    www.reginfo.gov. Comments should be                   www.reginfo.gov . Comments should be
                                                Ahmed@omb.eop.gov; and (ii) Pamela                      directed to: (i) Desk Officer for the                 directed to: (i) Desk Officer for the
sradovich on DSK3GMQ082PROD with NOTICES




                                                Dyson, Director/Chief Information                       Securities and Exchange Commission,                   Securities and Exchange Commission,
                                                Officer, Securities and Exchange                        Office of Information and Regulatory                  Office of Information and Regulatory
                                                Commission, c/o Remi Pavlik-Simon,                      Affairs, Office of Management and                     Affairs, Office of Management and
                                                100 F Street NE, Washington, DC 20549                   Budget, Room 10102, New Executive                     Budget, Room 10102, New Executive
                                                or send an email to: PRA_Mailbox@                       Office Building, Washington, DC 20503,                Office Building, Washington, DC 20503,
                                                sec.gov. Comments must be submitted to                  or by sending an email to: Shagufta_                  or by sending an email to: Shagufta_
                                                OMB within 30 days of this notice.                      Ahmed@omb.eop.gov; and (ii) Pamela                    Ahmed@omb.eop.gov; and (ii) Pamela


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Document Created: 2018-03-17 04:25:05
Document Modified: 2018-03-17 04:25:05
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation83 FR 12061 

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