83 FR 56124 - Sunshine Act Meeting
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 218 (November 9, 2018)
Federal Register Volume 83, Issue 218 (November 9, 2018)
| Page Range | 56124-56124 | |
| FR Document | 2018-24632 |
[Federal Register Volume 83, Number 218 (Friday, November 9, 2018)] [Notices] [Page 56124] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-24632] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meeting TIME AND DATE: Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Public Law 94-409, that the Securities and Exchange Commission staff will hold a public roundtable on Thursday, November 15, 2018 at 9:30 a.m. PLACE: The roundtable will be held in the Auditorium at the Commission's headquarters, 100 F Street NE, Washington, DC. STATUS: The meeting will begin at 9:30 a.m. and will be open to the public. Seating will be on a first-come, first-served basis. Doors will open at 9:00 a.m. Visitors will be subject to security checks. The meeting will be webcast on the Commission's website at www.sec.gov. MATTERS TO BE CONSIDERED: The Commission staff will host a roundtable on the proxy process. The roundtable is open to the public and the public is invited to submit written comments. This Sunshine Act notice is being issued because a majority of the Commission may attend the roundtable. The agenda for the roundtable will focus on key aspects of the U.S. proxy system, including proxy voting mechanics and technology, the shareholder proposal process, and the role and regulation of proxy advisory firms. CONTACT PERSON FOR MORE INFORMATION: For further information, please contact Brent J. Fields from the Office of the Secretary at (202) 551- 5400. Dated: November 6, 2018. Brent J. Fields, Secretary. [FR Doc. 2018-24632 Filed 11-7-18; 11:15 am] BILLING CODE 8011-01-P
![56124 Federal Register / Vol. 83, No. 218 / Friday, November 9, 2018 / Notices
$0.0000009 per dollar of assets under market funds regarding assets under Exchange Commission staff will hold a
management for large funds, the staff management, as well as deducting the public roundtable on Thursday,
estimates compliance with the record $38.1 million 11 in capital and November 15, 2018 at 9:30 a.m.
storage requirements of rule 2a–7 costs preservation costs a money market fund PLACE: The roundtable will be held in
the fund industry approximately $35.31 would incur absent the requirements of the Auditorium at the Commission’s
million per year.5 rule 2a–7. headquarters, 100 F Street NE,
Based on responses from individuals These estimates of burden hours and Washington, DC.
in the money market fund industry, the costs are made solely for the purposes STATUS: The meeting will begin at 9:30
staff estimates that some of the largest of the Paperwork Reduction Act. The a.m. and will be open to the public.
fund complexes have created computer estimates are not derived from a Seating will be on a first-come, first-
programs for maintaining and comprehensive or even a representative served basis. Doors will open at 9:00
preserving compliance records for rule survey or study of Commission rules. a.m. Visitors will be subject to security
2a–7. Based on a cost of $0.0000132 per The collections of information checks. The meeting will be webcast on
dollar of assets under management for required by rule 2a–7 are necessary to the Commission’s website at
large funds, the staff estimates that total obtain the benefits described above. www.sec.gov.
annualized capital/startup costs range Notices to the Commission will not be MATTERS TO BE CONSIDERED: The
from $0 for small funds to $40.9 million kept confidential. An agency may not Commission staff will host a roundtable
for all large funds.6 Commission staff conduct or sponsor, and a person is not on the proxy process. The roundtable is
further estimates that, even absent the required to respond to, a collection of open to the public and the public is
requirements of rule 2a–7, money information unless it displays a invited to submit written comments.
market funds would spend at least half currently valid control number. This Sunshine Act notice is being
of the amount for capital costs ($20.45 Written comments are invited on: (a) issued because a majority of the
million) 7 and for record preservation Whether the proposed collection of Commission may attend the roundtable.
($17.65 million) 8 to establish and information is necessary for the proper The agenda for the roundtable will
maintain these records and the systems performance of the functions of the focus on key aspects of the U.S. proxy
for preserving them as a part of sound agency, including whether the system, including proxy voting
business practices to ensure information will have practical utility; mechanics and technology, the
diversification and minimal credit risk (b) the accuracy of the agency’s estimate shareholder proposal process, and the
in a portfolio for a fund that seeks to of the burden of the collection of role and regulation of proxy advisory
maintain a stable price per share. information; (c) ways to enhance the firms.
As a result, the estimated total annual quality, utility, and clarity of the
cost is being decreased from $92.9 CONTACT PERSON FOR MORE INFORMATION:
information collected; and (d) ways to For further information, please contact
million to $38.11 million.9 This net minimize the burden of the collection of
decrease of $54.79 million 10 is Brent J. Fields from the Office of the
information on respondents, including Secretary at (202) 551–5400.
attributable to a reduction in the through the use of automated collection
number of money market mutual funds, techniques or other forms of information Dated: November 6, 2018.
updated information from money technology. Consideration will be given Brent J. Fields,
to comments and suggestions submitted Secretary.
5 The staff estimated the annual cost of preserving
in writing within 60 days of this [FR Doc. 2018–24632 Filed 11–7–18; 11:15 am]
the required books and records by identifying the
annual costs incurred by several funds and then publication. BILLING CODE 8011–01–P
relating this total cost to the average net assets of Please direct your written comments
these funds during the year. With a total of $403.6 to Charles Riddle, Acting Director/Chief
million under management in small funds, $60.4 SECURITIES AND EXCHANGE
billion under management in medium funds and Information Officer, Securities and
$3.1 trillion under management in large funds, the Exchange Commission, C/O Candace COMMISSION
costs of preservation were estimated as follows: Kenner, 100 F Street NE, Washington, [Release No. 34–84539; File No. SR–ISE–
((0.0051295 × $403.6 million) + (0.0005041 × $60.4
billion) + (0.0000009 × $3.1 trillion) = $35.31
DC 20549; or send an email to: PRA_ 2018–88]
million. For purposes of this PRA submission, Mailbox@sec.gov.
Commission staff used the following categories for Self-Regulatory Organizations; Nasdaq
Dated: November 6, 2018.
fund sizes: (i) Small—money market funds with $50 ISE, LLC; Notice of Filing and
million or less in assets under management; (ii) Eduardo A. Aleman,
Immediate Effectiveness of Proposed
medium—money market funds with more than $50 Assistant Secretary.
million up to and including $1 billion in assets Rule Change To Amend ISE Rule
under management; and (iii) large—money market [FR Doc. 2018–24575 Filed 11–8–18; 8:45 am] 2008(g), Pricing When Primary Market
funds with more than $1 billion in assets under BILLING CODE 8011–01–P Does Not Open
management.
6 This estimate is based on the following November 5, 2018.
calculation: $0.0000132 × $3.1 trillion in assets SECURITIES AND EXCHANGE Pursuant to Section 19(b)(1) of the
under management for large funds = $40.9 million.
7 This estimate is based on the following COMMISSION Securities Exchange Act of 1934
calculation: $40.9 million in capital costs/2 = (‘‘Act’’) 1 and Rule 19b–4 thereunder,2
$20.45 million. Sunshine Act Meeting notice is hereby given that on October
8 This estimate is based on the following
23, 2018, Nasdaq ISE, LLC (‘‘ISE’’ or the
calculation: $35.31 million in record preservation TIME AND DATE: Notice is hereby given, ‘‘Exchange’’) filed with the Securities
costs/2 = $17.65 million pursuant to the provisions of the
khammond on DSK30JT082PROD with NOTICES
9 This estimate is based on the following and Exchange Commission (‘‘SEC’’ or
Government in the Sunshine Act, Public ‘‘Commission’’) the proposed rule
calculation: $35.31 million in record preservation
costs + $40.9 million in capital costs¥$17.65 Law 94–409, that the Securities and change as described in Items I and II
million in record preservation costs absent rule 2a– below, which Items have been prepared
7 requirements¥$20.45 million in capital costs 11 This estimate is based on the following
absent rule 2a–7 requirements = $38.11 million. calculation if rule 2a–7 compliance was not
by the Exchange. The Commission is
10 This estimate is based on the following required for a money market fund: $20.45 million
1 15 U.S.C. 78s(b)(1).
calculation: $92.9 million¥$38.11 million = $54.79 in capital costs + $17.65 million in record
million. preservation = $38.1 million. 2 17 CFR 240.19b–4.
VerDate Sep<11>2014 17:36 Nov 08, 2018 Jkt 247001 PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 E:\FR\FM\09NON1.SGM 09NON1](https://thefederalregister.org/doc/83_FR_56342/page/1.svg)
Document Created: 2018-11-09 03:34:33
Document Modified: 2018-11-09 03:34:33
| 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 | |
| Dates | Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Public Law 94-409, that the Securities and Exchange Commission staff will hold a public roundtable on Thursday, November 15, 2018 at 9:30 a.m. | |
| FR Citation | 83 FR 56124 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR