60 Day Notice

Federal Register / Vol. 85, No. 232 / Wednesday, December 2, 2020 / Notices
Library, U.S. DOJ—ENRD, P.O. Box
7611, Washington, DC 20044–7611.
Please enclose a check or money order
for $5 (25 cents per page reproduction
cost) payable to the United States
Treasury.
Henry S. Friedman,
Assistant Section Chief, Environmental
Enforcement Section, Environment and
Natural Resources Division.
[FR Doc. 2020–26545 Filed 12–1–20; 8:45 am]
BILLING CODE 4410–15–P

SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; 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:
Form PF, [SEC File No. 270–636, OMB
Control No. 3235–0679]

Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) (‘‘Paperwork
Reduction Act’’), the Securities and
Exchange Commission (the
‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget (‘‘OMB’’) for
extension and approval.
Rule 204(b)–1 (17 CFR 275.204(b)–1)
under the Investment Advisers Act of
1940 (15 U.S.C. 80b–1 et seq.)
implements sections 404 and 406 of the
Dodd-Frank Wall Street Reform and
Consumer Protection Act (the ‘‘DoddFrank Act’’) by requiring private fund
advisers that have at least $150 million
in private fund assets under
management to report certain
information regarding the private funds
they advise on Form PF. These advisers
are the respondents to the collection of
information.
Form PF is designed to facilitate the
Financial Stability Oversight Council’s
(‘‘FSOC’’) monitoring of systemic risk in
the private fund industry and to assist
FSOC in determining whether and how
to deploy its regulatory tools with
respect to nonbank financial companies.
The Commission and the Commodity
Futures Trading Commission may also
use information collected on Form PF in
their regulatory programs, including
examinations, investigations and
investor protection efforts relating to
private fund advisers.

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Form PF divides respondents into two
broad groups, Large Private Fund
Advisers and smaller private fund
advisers. ‘‘Large Private Fund Advisers’’
are advisers with at least $1.5 billion in
assets under management attributable to
hedge funds (‘‘large hedge fund
advisers’’), advisers that manage
‘‘liquidity funds’’ and have at least $1
billion in combined assets under
management attributable to liquidity
funds and registered money market
funds (‘‘large liquidity fund advisers’’),
and advisers with at least $2 billion in
assets under management attributable to
private equity funds (‘‘large private
equity advisers’’). All other respondents
are considered smaller private fund
advisers.
The Commission estimates that most
filers of Form PF have already made
their first filing, and so the burden
hours applicable to those filers will
reflect only ongoing burdens, and not
start-up burdens. Accordingly, the
Commission estimates the total annual
reporting and recordkeeping burden of
the collection of information for each
respondent is as follows:
(a) For smaller private fund advisers
making their first Form PF filing, an
estimated amortized average annual
burden of 23 hours for each of the first
three years;
(b) for smaller private fund advisers
that already make Form PF filings, an
estimated amortized average annual
burden of 15 hours for each of the next
three years;
(c) for large hedge fund advisers
making their first Form PF filing, an
estimated amortized average annual
burden of 658 hours for each of the first
three years;
(d) for large hedge fund advisers that
already make Form PF filings, an
estimated amortized average annual
burden of 600 hours for each of the next
three years;
(e) for large liquidity fund advisers
making their first Form PF filing, an
estimated amortized average annual
burden of 588 hours for each of the first
three years;
(f) for large liquidity fund advisers
that already make Form PF filings, an
estimated amortized average annual
burden of 280 hours for each of the next
three years;
(g) for large private equity advisers
making their first Form PF filing, an
estimated amortized average annual
burden of 133 hours for each of the first
three years; and
(h) for large private equity advisers
that already make Form PF filings, an
estimated amortized average annual
burden of 100 hours for each of the next
three years.

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With respect to annual internal costs,
the Commission estimates the collection
of information will result in 127.06
burden hours per year on average for
each respondent. With respect to
external cost burdens, the Commission
estimates a range from $0 to $50,000 per
adviser.
Estimates of average burden hours
and costs 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.
Compliance with the collection of
information requirements of Form PF is
mandatory for advisers that satisfy the
criteria described in Instruction 1 to the
Form. Responses to the collection of
information will be kept confidential to
the extent permitted by law. The
Commission does not intend to make
public information reported on Form PF
that is identifiable to any particular
adviser or private fund, although the
Commission may use Form PF
information in an enforcement action.
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 invited 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 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: November 27, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–26591 Filed 12–1–20; 8:45 am]
BILLING CODE 8011–01–P

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