83 FR 14073 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 63 (April 2, 2018)

Page Range		14073-14074
FR Document		2018-06658

Federal Register, Volume 83 Issue 63 (Monday, April 2, 2018)

[Federal Register Volume 83, Number 63 (Monday, April 2, 2018)]
[Notices]
[Pages 14073-14074]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-06658]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-267, OMB Control No. 3235-0272]


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 11a-2

    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'') has submitted to the Office of 
Management and Budget a request for extension of the previously 
approved collection of information discussed below.
    Rule 11a-2 (17 CFR 270.11a-2) under the Investment Company Act of 
1940 (15 U.S.C. 80a-1 et seq.) permits certain registered insurance 
company separate accounts, subject to certain conditions, to make 
exchange offers without prior approval by the Commission of the terms 
of those offers. Rule 11a-2 requires disclosure, in certain 
registration statements filed pursuant to the Securities Act of 1933 
(15 U.S.C. 77a et seq.) of any administrative fee or sales load imposed 
in connection with an exchange offer.
    There are currently 673 registrants governed by Rule 11a-2. The

[[Page 14074]]

Commission includes the estimated burden of complying with the 
information collection required by Rule 11a-2 in the total number of 
burden hours estimated for completing the relevant registration 
statements and reports the burden of Rule 11a-2 in the separate 
Paperwork Reduction Act (``PRA'') submissions for those registration 
statements (see the separate PRA submissions for Form N-3 (17 CFR 
274.11b), Form N-4 (17 CFR 274.11c) and Form N-6 (17 CFR 274.11d). The 
Commission is requesting a burden of one hour for Rule 11a-2 for 
administrative purposes.
    The estimate of average burden hours is made solely for the 
purposes of the PRA, and is not derived from a comprehensive or even a 
representative survey or study of the costs of Commission rules or 
forms. With regard to Rule 11a-2, the Commission includes the estimate 
of burden hours in the total number of burden hours estimated for 
completing the relevant registration statements and reported on the 
separate PRA submissions for those statements (see the separate PRA 
submissions for Form N-3, Form N-4 and Form N-6).
    The information collection requirements imposed by Rule 11a-2 are 
mandatory. Responses to the collection of information 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 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: 
[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: March 27, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-06658 Filed 3-30-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 63 / Monday, April 2, 2018 / Notices 14073

5. Each Fund’s Board, including a apply to Aberdeen China A Fund Series in leverage or borrow except that an
majority of the Independent Board invested in exclusively by Other Aberdeen China A Fund Series may
Members, will determine initially and Accounts except insofar as necessary for borrow in amounts not exceeding 5% of
no less frequently than annually that the the Aberdeen China A Fund Series its total assets for temporary or
Fund’s investment in the Aberdeen invested in by a Fund to comply with emergency purposes or for the clearance
China A Fund Series is, and continues this condition. of transactions, but not for speculative
to be, in the best interests of the Fund The Advisers will adopt procedures investment purposes, and may pledge
and the Fund’s shareholders. As part of designed to ensure that each Aberdeen its assets to secure such borrowings.
this determination, each Fund’s Board China A Fund Series complies with the 10. A Sub-Advised Fund may not
will consider the custody arrangements aforementioned sections of the Act and invest in an Aberdeen China A Fund
for the Aberdeen China A Fund Series’ rules under the Act. The Advisers will Series in reliance on the order unless
foreign securities (under rule 17f–5) and periodically review and periodically the Sub-Advised Fund’s Unaffiliated
the bonding arrangements in place for update as appropriate such procedures Manager has executed an agreement
certain of the Aberdeen China A Fund and will maintain books and records with the Aberdeen China A Fund Series
Series’ officers and employees (under describing such procedures, and stating that the Unaffiliated Manager
rule 17g–1). maintain the records required by rules understands the terms and conditions of
6. The Advisers will make the 31d–1(b)(1), 31d–1(b)(2)(ii) and 31d– the order and agrees to comply with
accounts, books and other records of 1(b)(9) under the Act. In addition, in conditions 1, 2, 3, 4, 5 and 8 of the
each Aberdeen China A Fund Series connection with the determination order.
available for inspection by the required by condition 5 above, the
For the Commission, by the Division of
Commission staff and, if requested, will Advisers will provide annually to each Investment Management, under delegated
furnish copies of those records to the Fund’s Board a written report about the authority.
Commission staff. Advisers’ and the Aberdeen China A Jill Peterson,
7. Each Aberdeen China A Fund Fund Series’ compliance with this
Assistant Secretary.
Series will comply with the following condition.
All books and records required to be [FR Doc. 2018–06567 Filed 3–30–18; 8:45 am]
sections of the Act as if the Aberdeen
China A Fund Series were an open-end made pursuant to this condition will be BILLING CODE 8011–01–P

management investment company maintained and preserved for a period
registered under the Act, except as of not less than six years from the end
of the fiscal year in which any SECURITIES AND EXCHANGE
noted: Section 9; section 12 (except that COMMISSION
each Aberdeen China A Fund Series transaction occurred, the first two years
shall be permitted to sell Interests to in an easily accessible place, and will be [SEC File No. 270–267, OMB Control No.
Funds in excess of the limits set out in subject to examination by the 3235–0272]
section 12(d)(1)(B)); section 13 (the Commission and its staff.
For purpose of implementing Submission for OMB Review;
Interests issued by the Aberdeen China
condition 7, any action that the above- Comment Request
A Fund Series will be regarded as voting
securities under section 2(a) (42) of the referenced statutory and regulatory Upon Written Request, Copies Available
Act for purposes of applying this provisions require to be taken by the From: Securities and Exchange
condition and the offering directors, officers and/or employees of a Commission, Office of FOIA Services,
memorandum utilized by the Aberdeen registered investment company will be 100 F Street NE, Washington, DC
China A Fund Series to offer and sell performed by AAMI (or its successor) 14 20549–2736
Interests will be regarded as a as the managing member of the
Commingled LLC, except to the extent Extension:
registration statement for purposes of Rule 11a–2
applying this condition); section 17(a) that the order requires the Funds’
Boards to exercise oversight or take Notice is hereby given that, pursuant
(except as described in the application);
action with respect to the Aberdeen to the Paperwork Reduction Act of 1995
section 17(d) (except as described in the
China A Fund Series as an extension of (44 U.S.C. 3501 et seq.), the Securities
application); section 17(e); section 17(f);
such Boards’ duties to the Funds. and Exchange Commission (the
section 17(h), section 18 (the Interests
8. To engage in Cross Transactions, ‘‘Commission’’) has submitted to the
issued by the Aberdeen China A Fund
the Funds will comply with rule 17a– Office of Management and Budget a
Series will be regarded as voting
7 under the Act in all respects other request for extension of the previously
securities under section 2(a)(42) of the
than the requirement that the parties to approved collection of information
Act for purposes of applying this
the transaction be affiliated persons (or discussed below.
condition); section 21; section 36; and Rule 11a–2 (17 CFR 270.11a–2) under
affiliated persons of affiliated persons)
sections 37–53. In addition, the the Investment Company Act of 1940
of each other solely by reason of having
Aberdeen China A Fund Series will (15 U.S.C. 80a–1 et seq.) permits certain
a common investment adviser or
comply with the rules under section registered insurance company separate
investment advisers which are affiliated
17(f) 13 and section 17(g) of the Act, and accounts, subject to certain conditions,
persons of each other, common officers,
rule 22c–1 under the Act as if the to make exchange offers without prior
and/or common directors, solely
Aberdeen China A Fund Series were an approval by the Commission of the
because a Fund and Other Vehicle
open-end management investment terms of those offers. Rule 11a–2
might become affiliated persons within
company registered under the Act. This requires disclosure, in certain
the meaning of section 2(a)(3)(A), (B) or
daltland on DSKBBV9HB2PROD with NOTICES

condition 7 will apply only to Aberdeen registration statements filed pursuant to
(C) of the Act because of their
China A Fund Series in which a Fund the Securities Act of 1933 (15 U.S.C. 77a
investments in an Aberdeen China A
has invested; this condition 7 will not et seq.) of any administrative fee or sales
Fund Series.
13 The Applicants note that they will operate each
9. An Aberdeen China A Fund Series load imposed in connection with an
Aberdeen China A Fund Series such that rule 17f– in which a Fund invests will not engage exchange offer.
1, rule 17f–2, and rule 17f–3 will not be applicable There are currently 673 registrants
to it. 14 See supra, footnote 1. governed by Rule 11a–2. The

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14074 Federal Register / Vol. 83, No. 63 / Monday, April 2, 2018 / Notices

Commission includes the estimated SECURITIES AND EXCHANGE Sections A, B, and C below, of the most
burden of complying with the COMMISSION significant aspects of such statements.
information collection required by Rule A. Self-Regulatory Organization’s
11a–2 in the total number of burden [Release No. 34–82948; File No. SR–IEX– Statement of the Purpose of, and
hours estimated for completing the 2018–06] Statutory Basis for, the Proposed Rule
relevant registration statements and Change
reports the burden of Rule 11a–2 in the Self-Regulatory Organizations;
separate Paperwork Reduction Act Investors Exchange LLC; Notice of 1. Purpose
(‘‘PRA’’) submissions for those Filing of Proposed Rule Change To (1) Overview
registration statements (see the separate Establish a New Optional Listing
Category on the Exchange, ‘‘LTSE On June 17, 2016, the Commission
PRA submissions for Form N–3 (17 CFR
Listings on IEX’’ granted the Exchange’s application for
274.11b), Form N–4 (17 CFR 274.11c)
registration as a national securities
and Form N–6 (17 CFR 274.11d). The March 27, 2018. exchange under Section 6 of the Act,6
Commission is requesting a burden of Pursuant to Section 19(b)(1) 1 of the including approval of rules applicable
one hour for Rule 11a–2 for Securities Exchange Act of 1934 (the to the qualification, listing and delisting
administrative purposes. ‘‘Act’’),2 and Rule 19b–4 thereunder,3 of companies on the Exchange. The
The estimate of average burden hours notice is hereby given that, on March Exchange has since adopted additional
is made solely for the purposes of the 15, 2018, the Investors Exchange LLC rules to create a listing venue to provide
PRA, and is not derived from a (‘‘IEX’’ or the ‘‘Exchange’’) filed with the a new alternative for companies seeking
comprehensive or even a representative Securities and Exchange Commission to list their securities for trading on a
survey or study of the costs of (the ‘‘SEC’’ or ‘‘Commission’’) the registered national securities exchange.7
Commission rules or forms. With regard proposed rule change as described in The Exchange is proposing to adopt
Items I and II below, which Items have rules to facilitate the creation of a new
to Rule 11a–2, the Commission includes
been prepared by the self-regulatory optional listing category on the
the estimate of burden hours in the total
organization. The Commission is Exchange for common equity securities,
number of burden hours estimated for publishing this notice to solicit
completing the relevant registration referred to as the ‘‘LTSE Listings on
comments on the proposed rule change IEX’’ or ‘‘LTSE Listings.’’ The proposed
statements and reported on the separate from interested persons.
PRA submissions for those statements rules for LTSE Listings, to be contained
(see the separate PRA submissions for I. Self-Regulatory Organization’s in new Chapter 14A of the Exchange’s
Form N–3, Form N–4 and Form N–6). Statement of the Terms of Substance of rules (the ‘‘LTSE Listings Rules’’), were
the Proposed Rule Change initially developed by LTSE Holdings,
The information collection Inc. (together with its affiliates,
requirements imposed by Rule 11a–2 Pursuant to the provisions of Section
‘‘LTSE’’), and provide a differentiated
are mandatory. Responses to the 19(b)(1) under the Act of 1934,4 and
choice for issuers and investors that
collection of information will not be Rule 19b–4 thereunder,5 IEX is filing
prefer listing standards explicitly
kept confidential. An agency may not with the Commission a proposed rule
designed to promote long-term value
conduct or sponsor, and a person is not change to establish a new optional
creation. The Exchange understands
required to respond to, a collection of listing category on the Exchange, which
that LTSE anticipates separately
provides a differentiated choice for
information unless it displays a registering a subsidiary as a national
issuers and investors that prefer listing
currently valid control number. securities exchange in the future, but
standards explicitly designed to
The public may view the background has entered into an arrangement with
promote long-term value creation. The
documentation for this information the Exchange in order to make the LTSE
text of the proposed rule change is
collection at the following website, Listings Rules available to potential
available at the Exchange’s website at
interested companies in advance of its
www.reginfo.gov. Comments should be www.iextrading.com, at the principal
own subsidiary’s registration as a
directed to: (i) Desk Officer for the office of the Exchange, and at the
national securities exchange.
Securities and Exchange Commission, Commission’s Public Reference Room.
Becoming subject to the LTSE Listings
Office of Information and Regulatory II. Self-Regulatory Organization’s Rules would be an optional election.
Affairs, Office of Management and Statement of the Purpose of, and the Companies listed on the Exchange that
Budget, Room 10102, New Executive Statutory Basis for, the Proposed Rule do not elect to be subject to the LTSE
Office Building, Washington, DC 20503, Change Listings Rules would not be required to
or by sending an email to: Shagufta_ comply with Chapter 14A. However,
Ahmed@omb.eop.gov; and (ii) Pamela In its filing with the Commission, the
self-regulatory organization included companies that list on LTSE Listings
Dyson, Director/Chief Information (‘‘LTSE Listings Issuers’’) would be
Officer, Securities and Exchange statements concerning the purpose of
and basis for the proposed rule change subject to the LTSE Listings Rules, as
Commission, c/o Remi Pavlik-Simon, well as the quantitative listing
and discussed any comments it received
100 F Street NE, Washington, DC 20549 requirements set forth in IEX Rule
on the proposed rule change. The text
or send an email to: PRA_Mailbox@ of these statements may be examined at Series 14.300, and all other applicable
sec.gov. Comments must be submitted to the places specified in Item IV below. listing rules of the Exchange set forth in
OMB within 30 days of this notice. The self-regulatory organization has Chapter 14 of the IEX Rulebook, except
daltland on DSKBBV9HB2PROD with NOTICES

Dated: March 27, 2018. prepared summaries, set forth in
6 15 U.S.C. 78f.
Eduardo A. Aleman, 7 See,
1 15 e.g., Securities Exchange Act Release No.
Assistant Secretary. U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
80453 (April 13, 2017), 82 FR 18507 (April 19,
[FR Doc. 2018–06658 Filed 3–30–18; 8:45 am] 2017); Securities Exchange Act Release No. 81316
3 17 CFR 240.19b–4.
(August 4, 2017), 82 FR 37474 (August 10, 2017);
BILLING CODE 8011–01–P 4 15 U.S.C. 78s(b)(1).
Securities Exchange Act Release No. 80905 (June
5 17 CFR 240.19b–4. 12, 2017), 82 FR 27748 (June 16, 2017).

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Document Created: 2018-11-01 09:08:58
Document Modified: 2018-11-01 09:08:58

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		83 FR 14073