30-Day FRN

860

Federal Register / Vol. 79, No. 4 / Tuesday, January 7, 2014 / Notices
Week of February 10, 2014—Tentative

NUCLEAR REGULATORY
COMMISSION
[NRC–2014–0001]

Sunshine Act Meeting
Weeks of January 6, 13, 20, 27,
February 3, 10, 2014.

DATE:

Commissioners’ Conference
Room, 11555 Rockville Pike, Rockville,
Maryland.

PLACE:

STATUS:

Public and Closed.

Week of January 6, 2014
Monday, January 6, 2014
9:00 a.m. Briefing on Spent Fuel Pool
Safety and Consideration of
Expedited Transfer of Spent Fuel to
Dry Casks (Public Meeting)
(Contact: Kevin Witt, 301–415–
2145)
This meeting will be webcast live at
the Web address—http://www.nrc.gov/.
1:30 p.m. Briefing on Flooding and
Other Extreme Weather Events
(Public Meeting) (Contact: George
Wilson, 301–415–1711)
This meeting will be webcast live at
the Web address—http://www.nrc.gov/.
Friday, January 10, 2014
9:00 a.m. Briefing on the NRC Staff’s
Recommendations to Disposition
Fukushima Near-Term Task Force
(NTTF) Recommendation 1 on
Improving NRC’s Regulatory
Framework (Public Meeting)
(Contact: Dick Dudley, 301–415–
1116)
This meeting will be webcast live at
the Web address—http://www.nrc.gov/.
There are no meetings scheduled for
the week of January 13, 2014.
Week of January 20, 2014—Tentative
There are no meetings scheduled for
the week of January 20, 2014.
Week of January 27, 2014—Tentative

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9:30 a.m. Briefing on Equal
Employment Opportunity and Civil
Rights Outreach (Public Meeting)
(Contact: Larniece McKoy Moore,
301–415–1942)
This meeting will be webcast live at
the Web address—http://www.nrc.gov/.
Week of February 3, 2014—Tentative
There are no meetings scheduled for
the week of February 3, 2014.

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[FR Doc. 2014–00103 Filed 1–3–14; 4:15 pm]

OFFICE OF PERSONNEL
MANAGEMENT
Submission for Review: Designation of
Beneficiary: Federal Employees’ Group
Life Insurance
U.S. Office of Personnel
Management.
ACTION: 30-Day Notice and request for
comments.
AGENCY:

Wednesday, January 29, 2014

13:46 Jan 06, 2014

Dated: January 2, 2014.
Rochelle C. Bavol,
Policy Coordinator, Office of the Secretary.
BILLING CODE 7590–01–P

Week of January 13, 2014—Tentative

VerDate Mar<15>2010

There are no meetings scheduled for
the week of February 10, 2014.
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The schedule for Commission
meetings is subject to change on short
notice. To verify the status of meetings,
call (recording)—301–415–1292.
Contact person for more information:
Rochelle Bavol, 301–415–1651.
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The NRC Commission Meeting
Schedule can be found on the Internet
at: http://www.nrc.gov/public-involve/
public-meetings/schedule.html.
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The NRC provides reasonable
accommodation to individuals with
disabilities where appropriate. If you
need a reasonable accommodation to
participate in these public meetings, or
need this meeting notice or the
transcript or other information from the
public meetings in another format (e.g.
braille, large print), please notify
Kimberly Meyer, NRC Disability
Program Manager, at 301–287–0727, or
by email at Kimberly.Meyer-Chambers@
nrc.gov. Determinations on requests for
reasonable accommodation will be
made on a case-by-case basis.
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Members of the public may request to
receive this information electronically.
If you would like to be added to the
distribution, please contact the Office of
the Secretary, Washington, DC 20555
(301–415–1969), or send an email to
[email protected].

The Office of Personnel
Management’s (OPM) Retirement
Services offers the general public and
other Federal agencies the opportunity
to comment on a revised information
collection request (ICR) 3206–0136,
Designation of Beneficiary: Federal
Employees’ Group Life Insurance, SF
2823. As required by the Paperwork

SUMMARY:

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Reduction Act of 1995, (Pub. L. 104–13,
44 U.S.C. chapter 35) as amended by the
Clinger-Cohen Act (Pub. L. 104–106),
OPM is soliciting comments for this
collection. The information collection
was previously published in the Federal
Register on August 2, 2013, at Volume
78 FR 47017, allowing for a 60-day
public comment period. No comments
were received for this information
collection. The purpose of this notice is
to allow an additional 30 days for public
comments. The Office of Management
and Budget is particularly interested in
comments that:
1. Evaluate whether the proposed
collection of information is necessary
for the proper performance of functions
of OPM, including whether the
information will have practical utility;
2. Evaluate the accuracy of OPM’s
estimate of the burden of the proposed
collection of information, including the
validity of the methodology and
assumptions used;
3. Enhance the quality, utility, and
clarity of the information to be
collected; and
4. Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submissions
of responses.
DATES: Comments are encouraged and
will be accepted until February 6, 2014.
This process is conducted in accordance
with 5 CFR 1320.1.
ADDRESSES: Interested persons are
invited to submit written comments on
the proposed information collection to
Office of Information and Regulatory
Affairs, Office of Management and
Budget, 725 17th Street NW.,
Washington, DC 20503, Attention: Desk
Officer for the Office of Personnel
Management or sent by email to oira_
[email protected] or faxed to
(202) 395–6974.
FOR FURTHER INFORMATION CONTACT: A
copy of this ICR, with applicable
supporting documentation, may be
obtained by contacting the Office of
Information and Regulatory Affairs,
Office of Management and Budget, 725
17th Street NW., Washington, DC 20503,
Attention: Desk Officer for the Office of
Personnel Management or sent by email
to [email protected] or
faxed to (202) 395–6974.
SUPPLEMENTARY INFORMATION: Standard
Form 2823 is used by any Federal
employee or retiree covered by the
Federal Employees’ Group Life
Insurance (FEGLI) Program, or by an

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Federal Register / Vol. 79, No. 4 / Tuesday, January 7, 2014 / Notices
assignee who owns an insured’s
coverage, to instruct the Office of
Federal Employees’ Group Life
Insurance how to distribute the
proceeds of the FEGLI coverage when
the statutory order of precedence does
not meet his or her needs. OPM is
revising the form to clarify its policy
regarding the filing of court orders used
for the payment of FEGLI benefits. In
addition, OPM is making some minor
textual changes to explain how and to
whom proceeds can be designated, and
to emphasize that the insured
individual keep the designation updated
as needs change.
Analysis
Agency: Retirement Operations,
Retirement Services, Office of Personnel
Management.
Title: Designation of Beneficiary:
Federal Employees’ Group Life
Insurance.
OMB Number: 3206–0136.
Frequency: On occasion.
Affected Public: Individuals or
Households.
Number of Respondents: 48,000.
Estimated Time per Respondent: 15
minutes.
Total Burden Hours: 12,000.
U.S. Office of Personnel Management.
Katherine Archuleta,
Director.
[FR Doc. 2013–31503 Filed 1–6–14; 8:45 am]
BILLING CODE 6325–38–P

SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.

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Extension:
Rule 17a–10 OMB Control No. 3235–0563,
SEC File No. 270–507.

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’’) is soliciting comments
on the collections of information
summarized below. The Commission
plans to submit these existing
collections of information to the Office
of Management and Budget (‘‘OMB’’) for
extension and approval.
Section 17(a) of the Investment
Company Act of 1940 (the ‘‘Act’’),
generally prohibits affiliated persons of
a registered investment company

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13:46 Jan 06, 2014

Jkt 232001

(‘‘fund’’) from borrowing money or other
property from, or selling or buying
securities or other property to or from,
the fund or any company that the fund
controls.1 Section 2(a)(3) of the Act
defines ‘‘affiliated person’’ of a fund to
include its investment advisers.2 Rule
17a–10 (17 CFR 270.17a–10) permits (i)
a subadviser 3 of a fund to enter into
transactions with funds the subadviser
does not advise but that are affiliated
persons of a fund that it does advise
(e.g., other funds in the fund complex),
and (ii) a subadviser (and its affiliated
persons) to enter into transactions and
arrangements with funds the subadviser
does advise, but only with respect to
discrete portions of the subadvised fund
for which the subadviser does not
provide investment advice.
To qualify for the exemptions in rule
17a–10, the subadvisory relationship
must be the sole reason why section
17(a) prohibits the transaction. In
addition, the advisory contracts of the
subadviser entering into the transaction,
and any subadviser that is advising the
purchasing portion of the fund, must
prohibit the subadvisers from consulting
with each other concerning securities
transactions of the fund, and limit their
responsibility to providing advice with
respect to discrete portions of the fund’s
portfolio.4 Section 17(a) of the
Investment Company Act of 1940 (the
‘‘Act’’), generally prohibits affiliated
persons of a registered investment
company (‘‘fund’’) from borrowing
money or other property from, or selling
or buying securities or other property to
or from, the fund or any company that
the fund controls. Section 2(a)(3) of the
Act defines ‘‘affiliated person’’ of a fund
to include its investment advisers. Rule
17a–10 permits (i) a subadviser of a
fund to enter into transactions with
funds the subadviser does not advise
but that are affiliated persons of a fund
that it does advise (e.g., other funds in
the fund complex), and (ii) a subadviser
(and its affiliated persons) to enter into
transactions and arrangements with
funds the subadviser does advise, but
only with respect to discrete portions of
the subadvised fund for which the
subadviser does not provide investment
advice.
To qualify for the exemptions in rule
17a–10, the subadvisory relationship
must be the sole reason why section
17(a) prohibits the transaction. In
addition, the advisory contracts of the
subadviser entering into the transaction,
1 15

U.S.C. 80a–17(a).
U.S.C. 80a–2(a)(3)(E).
3 As defined in rule 17a–10(b)(2). 17 CFR
270.17a–10(b)(2).
4 17 CFR 270.17a–10(a)(2).
2 15

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861

and any subadviser that is advising the
purchasing portion of the fund, must
prohibit the subadvisers from consulting
with each other concerning securities
transactions of the fund, and limit their
responsibility to providing advice with
respect to discrete portions of the fund’s
portfolio. This requirement regarding
the prohibitions and limitations in
advisory contracts of subadvisers
relying on the rule constitutes a
collection of information under the
Paperwork Reduction Act of 1995
(‘‘PRA’’).5
The staff assumes that all existing
funds with subadvisory contracts
amended those contracts to comply with
the adoption of rule 17a–10 in 2003,
which conditioned certain exemptions
upon these contractual alterations, and
therefore there is no continuing burden
for those funds.6 However, the staff
assumes that all newly formed
subadvised funds, and funds that enter
into new contracts with subadvisers,
will incur the one-time burden by
amending their contracts to add the
terms required by the rule.
Based on an analysis of fund filings,
the staff estimates that approximately
775 fund portfolios enter into new
subadvisory agreements each year.
Based on discussions with industry
representatives, the staff estimates that
it will require approximately 3 attorney
hours to draft and execute additional
clauses in new subadvisory contracts in
order for funds and subadvisers to be
able to rely on the exemptions in rule
17a–10. Because these additional
clauses are identical to the clauses that
a fund would need to insert in their
subadvisory contracts to rely on rules
10f–3, 12d3–1, and 17e–1, and because
we believe that funds that use one such
rule generally use all of these rules, we
apportion this 3 hour time burden
equally among all four rules. Therefore,
we estimate that the burden allocated to
rule 17a–10 for this contract change
would be 0.75 hours.7 Assuming that all
775 funds that enter into new
subadvisory contracts each year make
the modification to their contract
required by the rule, we estimate that
the rule’s contract modification
requirement will result in 581 burden
5 44

U.S.C. 3501.
of Investment Companies With
Portfolio and Subadviser Affiliates, Investment
Company Act Release No. 25888 (Jan. 14, 2003) [68
FR 3153, (Jan. 22, 2003)]. We assume that funds
formed after 2003 that intended to rely on rule 17a–
10 would have included the required provision as
a standard element in their initial subadvisory
contracts.
7 This estimate is based on the following
calculation: 3 hours ÷ 4 rules = 0.75 hours.
6 Transactions

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