83 FR 14534 - Submission for OMB Review; Comment Request
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 65 (April 4, 2018)
Federal Register Volume 83, Issue 65 (April 4, 2018)
| Page Range | 14534-14534 | |
| FR Document | 2018-06855 |
[Federal Register Volume 83, Number 65 (Wednesday, April 4, 2018)] [Notices] [Page 14534] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-06855] ----------------------------------------------------------------------- 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 35d-1, SEC File No. 270-491, OMB Control No. 3235-0548. 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 (``OMB'') a request for extension of the previously approved collection of information discussed below. Rule 35d-1 (17 CFR 270.35d-1) under the Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) defines as ``materially deceptive and misleading'' for purposes of Section 35(d), among other things, a name suggesting that a registered investment company or series thereof (a ``fund'') focuses its investments in a particular type of investment or investments, in investments in a particular industry or group of industries, or in investments in a particular country or geographic region, unless, among other things, the fund adopts a certain investment policy. Rule 35d-1 further requires either that the investment policy is fundamental or that the fund has adopted a policy to provide its shareholders with at least 60 days prior notice of any change in the investment policy (``notice to shareholders''). The rule's notice to shareholders provision is intended to ensure that when shareholders purchase shares in a fund based, at least in part, on its name, and with the expectation that it will follow the investment policy suggested by that name, they will have sufficient time to decide whether to redeem their shares in the event that the fund decides to pursue a different investment policy. The Commission estimates that there are approximately 9,939 open- end and closed-end funds that have names that are covered by the rule. The Commission estimates that of these 9,939 funds, approximately 33 will provide prior notice to shareholders pursuant to a policy adopted in accordance with this rule per year. The Commission estimates that the annual burden associated with the notice to shareholders requirement of the rule is 20 hours per response, for annual total of 660 hours per year. Estimates of average burden hours are made solely for the purposes of the Paperwork Reduction Act and are not derived from a comprehensive or even representative survey or study of the costs of Commission rules and forms. The collection of information under rule 35d-1 is mandatory. The information provided under rule 35d-1 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 OMB 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 30, 2018. Eduardo Aleman, Assistant Secretary. [FR Doc. 2018-06855 Filed 4-3-18; 8:45 am] BILLING CODE 8011-01-P
![14534 Federal Register / Vol. 83, No. 65 / Wednesday, April 4, 2018 / Notices
Dated: March 29, 2018. pursuant to a policy adopted in Securities and Exchange Commission
Eduardo Aleman, accordance with this rule per year. The (‘‘Commission’’) the proposed rule
Assistant Secretary. Commission estimates that the annual change as described in Items I and II
[FR Doc. 2018–06854 Filed 4–3–18; 8:45 am] burden associated with the notice to below, which Items have been prepared
BILLING CODE 8011–01–P shareholders requirement of the rule is by the Exchange. The Commission is
20 hours per response, for annual total publishing this notice to solicit
of 660 hours per year. comments on the proposed rule change
SECURITIES AND EXCHANGE Estimates of average burden hours are from interested persons.
COMMISSION made solely for the purposes of the I. Self-Regulatory Organization’s
Paperwork Reduction Act and are not Statement of the Terms of Substance of
Submission for OMB Review; derived from a comprehensive or even
Comment Request the Proposed Rule Change
representative survey or study of the
costs of Commission rules and forms. The Exchange proposes to amend
Upon Written Request, Copies Available Rule 7034, as described below.
From: Securities and Exchange The collection of information under rule
35d–1 is mandatory. The information The text of the proposed rule change
Commission, Office of FOIA Services, is available on the Exchange’s website at
100 F Street NE, Washington, DC provided under rule 35d–1 will not be
kept confidential. An agency may not http://nasdaq.cchwallstreet.com, at the
20549–2736. principal office of the Exchange, and at
conduct or sponsor, and a person is not
Extension:
required to respond to, a collection of the Commission’s Public Reference
Rule 35d–1, SEC File No. 270–491, OMB Room.
Control No. 3235–0548. information unless it displays a
currently valid OMB control number. II. Self-Regulatory Organization’s
Notice is hereby given that, pursuant The public may view the background Statement of the Purpose of, and
to the Paperwork Reduction Act of 1995 documentation for this information Statutory Basis for, the Proposed Rule
(44 U.S.C. 3501 et seq.), the Securities collection at the following website, Change
and Exchange Commission (the www.reginfo.gov. Comments should be
‘‘Commission’’) has submitted to the In its filing with the Commission, the
directed to: (i) Desk Officer for the Exchange included statements
Office of Management and Budget Securities and Exchange Commission,
(‘‘OMB’’) a request for extension of the concerning the purpose of and basis for
Office of Information and Regulatory the proposed rule change and discussed
previously approved collection of Affairs, Office of Management and
information discussed below. any comments it received on the
Budget, Room 10102, New Executive proposed rule change. The text of these
Rule 35d–1 (17 CFR 270.35d–1) under
Office Building, Washington, DC 20503, statements may be examined at the
the Investment Company Act of 1940
or by sending an email to: Shagufta_ places specified in Item IV below. The
(15 U.S.C. 80a–1 et seq.) defines as
Ahmed@omb.eop.gov; and (ii) Pamela Exchange has prepared summaries, set
‘‘materially deceptive and misleading’’
Dyson, Director/Chief Information forth in sections A, B, and C below, of
for purposes of Section 35(d), among
Officer, Securities and Exchange the most significant aspects of such
other things, a name suggesting that a
Commission, c/o Remi Pavlik-Simon, statements.
registered investment company or series
thereof (a ‘‘fund’’) focuses its 100 F Street NE, Washington, DC 20549
or send an email to: PRA_Mailbox@ A. Self-Regulatory Organization’s
investments in a particular type of Statement of the Purpose of, and
investment or investments, in sec.gov. Comments must be submitted to
OMB within 30 days of this notice. Statutory Basis for, the Proposed Rule
investments in a particular industry or Change
group of industries, or in investments in Dated: March 30, 2018.
a particular country or geographic Eduardo Aleman, 1. Purpose
region, unless, among other things, the Assistant Secretary. The Exchange proposes to amend
fund adopts a certain investment policy. [FR Doc. 2018–06855 Filed 4–3–18; 8:45 am] Rule 7034 pertaining to colocation
Rule 35d–1 further requires either that BILLING CODE 8011–01–P services and fees to harmonize it with
the investment policy is fundamental or the rules of Nasdaq BX, Inc. (‘‘BX’’).
that the fund has adopted a policy to The Exchange first proposes to amend
provide its shareholders with at least 60 SECURITIES AND EXCHANGE Rule 7034(b), under the heading
days prior notice of any change in the COMMISSION ‘‘Market Data Connectivity,’’ to re-
investment policy (‘‘notice to categorize and to update references to
shareholders’’). The rule’s notice to [Release No. 34–82964; File No. SR– the CBOE/Bats/Direct Edge data feeds to
NASDAQ–2018–022]
shareholders provision is intended to reflect their current names. Similarly,
ensure that when shareholders purchase Self-Regulatory Organizations; The the Exchange proposes to delete a
shares in a fund based, at least in part, Nasdaq Stock Market LLC; Notice of $1,000 installation fee that presently
on its name, and with the expectation Filing and Immediate Effectiveness of applies to the Direct Edge feeds because
that it will follow the investment policy Proposed Rule Change To Amend the Direct Edge feeds are now offerings
suggested by that name, they will have Exchange Rule 7034 of CBOE, along with the BZX and BYX
sufficient time to decide whether to feeds. Going forward, a single, one-time
redeem their shares in the event that the March 29, 2018. $1,000 installation fee will apply to
fund decides to pursue a different Pursuant to Section 19(b)(1) of the subscribers to any or all of the CBOE
investment policy. Securities Exchange Act of 1934 data feeds. The Exchange also proposes
amozie on DSK30RV082PROD with NOTICES
The Commission estimates that there (‘‘Act’’),1 and Rule 19b–4 thereunder,2 to correct a typographical error in the
are approximately 9,939 open-end and notice is hereby given that on March 16, name of the TSXV Level 2 Feed. The
closed-end funds that have names that 2018, The Nasdaq Stock Market LLC Exchange notes that this proposal will
are covered by the rule. The (‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the render this paragraph of Rule 7034(b)
Commission estimates that of these consistent with BX Rule 7034(b).
9,939 funds, approximately 33 will 1 15 U.S.C. 78s(b)(1). Second, the Exchange proposes to
provide prior notice to shareholders 2 17 CFR 240.19b–4. amend Rule 7034(b), under the heading
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Document Created: 2018-11-01 09:11:13
Document Modified: 2018-11-01 09:11:13
| 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 14534 |
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