60 Day Notice

3235-0178 60 Day Notice.pdf

Rule 31a-1 under the Investment Company Act of 1940 (17 CFR 270.31a-1)

60 Day Notice

OMB: 3235-0178

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Federal Register / Vol. 85, No. 190 / Wednesday, September 30, 2020 / Notices
FOR FURTHER INFORMATION CONTACT:

Sean Robinson, 202–268–8405.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on September 22,
2020, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 664 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2020–253, CP2020–283.
Sean Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2020–21642 Filed 9–29–20; 8:45 am]
BILLING CODE 7710–12–P

Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES: Date of required notice:
September 30, 2020.
FOR FURTHER INFORMATION CONTACT:
Sean Robinson, 202–268–8405.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on September 15,
2020, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 659 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2020–245, CP2020–275.
Sean Robinson,
Attorney, Corporate and Postal Business Law.

POSTAL SERVICE

[FR Doc. 2020–21635 Filed 9–29–20; 8:45 am]
BILLING CODE 7710–12–P

Product Change—Priority Mail and
First-Class Package Service
Negotiated Service Agreement

POSTAL SERVICE

Postal ServiceTM.
ACTION: Notice.
AGENCY:

Product Change—Priority Mail
Negotiated Service Agreement

The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES: Date of required notice:
September 30, 2020.
FOR FURTHER INFORMATION CONTACT:
Sean Robinson, 202–268–8405.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on September 22,
2020, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail & First-Class Package
Service Contract 168 to Competitive
Product List. Documents are available at
www.prc.gov, Docket Nos. MC2020–254,
CP2020–284.
SUMMARY:

Sean Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2020–21643 Filed 9–29–20; 8:45 am]

Postal ServiceTM.
ACTION: Notice.
AGENCY:

The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES: Date of required notice:
September 30, 2020.
FOR FURTHER INFORMATION CONTACT:
Sean Robinson, 202–268–8405.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on September 16,
2020, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 660 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2020–246, CP2020–276.
SUMMARY:

Sean Robinson,
Attorney, Corporate and Postal Business Law.

BILLING CODE 7710–12–P

[FR Doc. 2020–21636 Filed 9–29–20; 8:45 am]
BILLING CODE 7710–12–P

POSTAL SERVICE
Product Change—Priority Mail
Negotiated Service Agreement

SECURITIES AND EXCHANGE
COMMISSION

Postal ServiceTM.
Notice.

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AGENCY:
ACTION:

[OMB Control No. 3235–0178, SEC File No.
270–173]

The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service

SUMMARY:

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17:36 Sep 29, 2020

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Proposed Collection; Comment
Request
Extension:
Rule 31a–1

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Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501–3520), the Securities
and Exchange Commission
(‘‘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 for
extension.
Rule 31a–1 (17 CFR 270.31a–1) under
the Investment Company Act of 1940
(the ‘‘Act’’) (15 U.S.C. 80a) is entitled
‘‘Records to be maintained by registered
investment companies, certain majorityowned subsidiaries thereof, and other
persons having transactions with
registered investment companies.’’ Rule
31a–1 requires registered investment
companies (‘‘funds’’), and every
underwriter, broker, dealer, or
investment adviser that is a majorityowned subsidiary of a fund, to maintain
and keep current accounts, books, and
other documents which constitute the
record forming the basis for financial
statements required to be filed pursuant
to section 31 of the Act (15 U.S.C. 80a–
30) and of the auditor’s certificates
relating thereto. The rule lists specific
records to be maintained by funds. The
rule also requires certain underwriters,
brokers, dealers, depositors, and
investment advisers to maintain the
records that they are required to
maintain under federal securities laws.
There are approximately 3,964
investment companies registered with
the Commission, all of which are
required to comply with rule 31a–1. For
purposes of determining the burden
imposed by rule 31a–1, the Commission
staff estimates that each fund is divided
into approximately four series, on
average, and that each series is required
to comply with the recordkeeping
requirements of rule 31a–1. Based on
conversations with fund representatives,
it is estimated that rule 31a–1 imposes
an average burden of approximately
1,750 hours annually per series for a
total of 7,000 annual hours per fund.
The estimated total annual burden for
all 3,964 funds subject to the rule
therefore is approximately 27,748,000
hours. Based on conversations with
fund representatives, however, the
Commission staff estimates that even
absent the requirements of rule 31a–1,
90 percent of the records created
pursuant to the rule are the type that
generally would be created as a matter
of normal business practice and to
prepare financial statements. Thus, the
Commission staff estimates that the total
annual burden associated with rule 31a–
1 is 2,774,800 hours.

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Federal Register / Vol. 85, No. 190 / Wednesday, September 30, 2020 / Notices

The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act, and is not
derived from a comprehensive or even
a representative survey or study. 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.
Written comments are requested on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information has practical utility; (b) the
accuracy of the Commission’s estimate
of the burden(s) of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication.
Please direct your written comments
to David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549; or send an email to: PRA_
[email protected].
Dated: September 24, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–21541 Filed 9–29–20; 8:45 am]

SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
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 Fixed Income
Market Structure Advisory Committee
will hold a public meeting on October
5, 2020, at 9:30 a.m. (ET).
PLACE: The meeting will be conducted
by remote means. Members of the public
may watch the webcast of the meeting
on the Commission’s website at
www.sec.gov.
STATUS: The meeting will begin at 9:30
a.m. and will be open to the public via
webcast. The Sunshine Act notice is
being issued because a majority of the
Commission may attend the meeting.
MATTERS TO BE CONSIDERED: On
September 15, 2020, the Commission

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TIME AND DATE:

17:36 Sep 29, 2020

Dated: September 28, 2020.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2020–21725 Filed 9–28–20; 4:15 pm]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–89994; File No. SR–MSRB–
2020–06]

Self-Regulatory Organizations;
Municipal Securities Rulemaking
Board; Notice of Filing and Immediate
Effectiveness of a Proposed Rule
Change Consisting of Amendments to
the MSRB’s Amended and Restated
Articles of Incorporation
September 24, 2020.

BILLING CODE 8011–01–P

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issued notice of the Committee meeting
(Release No. 34–89868), indicating that
the meeting is open to the public and
inviting the public to submit written
comments to the Committee.
The agenda for the meeting will
include a potential recommendation
concerning TRACE identification of
electronic trades, subcommittee
observations and lessons learned in the
corporate bond market, the bond fund
and ETF market, the technology and etrading markets, and the municipal
securities markets, as well as member
observations of the fixed income
markets.
CONTACT PERSON FOR MORE INFORMATION:
For further information, please contact
Vanessa A. Countryman from the Office
of the Secretary at (202) 551–5400.

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Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (‘‘Act’’
or ‘‘Exchange Act’’) 1 and Rule 19b–4
thereunder,2 notice is hereby given that
on September 15, 2020 the Municipal
Securities Rulemaking Board (‘‘MSRB’’)
filed with the Securities and Exchange
Commission (‘‘SEC’’ or ‘‘Commission’’)
the proposed rule change as described
in Items I, II, and III below, which Items
have been prepared by the MSRB. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The MSRB filed with the Commission
a proposed rule change consisting of
amendments to its Amended and
Restated Articles of Incorporation
(‘‘Articles of Incorporation’’) to conform
the Articles of Incorporation to recently1 15
2 17

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U.S.C. 78s(b)(1).
CFR 240.19b–4.

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amended MSRB Rule A–3, on Board
membership (‘‘Rule A–3’’) (the
‘‘proposed rule change’’). The MSRB has
designated the proposed rule change as
‘‘concerned solely with the
administration of the self regulatory
organization’’ under Section
19(b)(3)(A)(iii) 3 of the Act and Rule
19b-4(f)(3) 4 thereunder, which renders
the proposal effective upon filing with
the Commission.
The text of the proposed rule change
is available on the MSRB’s website at
www.msrb.org/Rules-andInterpretations/SEC-Filings/2020Filings.aspx, at the MSRB’s principal
office, and at the Commission’s Public
Reference Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
MSRB included statements concerning
the purpose of and basis for the
proposed rule change and discussed any
comments it received on the proposed
rule change. The text of these statements
may be examined at the places specified
in Item IV below. The MSRB has
prepared summaries, set forth in
Sections A, B, and C below, of the most
significant aspects of such statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
On August 5, 2020, the Commission
approved a proposed rule change that
included amendments to Rule A–3.5
Among other things, the amendments
reduced the Board’s size from 21 to 15
members through a transition plan,6
modified the Board’s class structure to
reflect the reduction in Board size, and
permitted a Board member filling a
vacancy to serve for any part of an
unexpired term, rather than requiring
such a Board member to serve for the
entire unexpired portion.
The Articles of Incorporation include
provisions relating to Board size, class
structure, and Board terms, which the
proposed rule change would amend to
conform to amended Rule A–3. To
reflect the reduced Board size and
modified class structure, the proposed
rule change would amend the Articles
3 15

U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(3).
5 Exchange Act Release No. 89484 (Aug. 5, 2020),
85 FR 48579 (Aug. 11, 2020) (File No. SR–MSRB–
2020–04).
6 Pursuant to the transition plan, the Board will
include 17 members during fiscal year 2021 and 15
members thereafter.
4 17

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