30 Day Notice

3235-0179.pdf

Rule 31a-2: Records to be preserved by registered investment companies, certain majority-owned subsidiaries thereof, and other persons having transactions with registered investment companies.

30 Day Notice

OMB: 3235-0179

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Federal Register / Vol. 87, No. 191 / Tuesday, October 4, 2022 / Notices

solutions be shared equitably? How
should we engage communities in local
implementation? How should we ensure
that ocean-based climate solutions are
implemented in ways that do not harm
underserved communities? What
opportunities exist for training and
employing a diverse and inclusive blue
workforce in implementing ocean-based
climate solutions?
5. Partnerships and Collaboration.
What solutions can/should come from
outside of government? Where and how
can the Federal government partner
with external stakeholders across
regions and sectors to effectively
mitigate and adapt to climate change
through ocean-based climate solutions?
6. Additional Comments: Please
provide any other input that you believe
is pertinent to this RFI, within the page
limit.
Please note that the OCAP will also
inform the OPC’s work to develop a
National Strategy for a Sustainable
Ocean Economy (National Strategy),
which will describe a vision and set
high-level goals for the sustainable
management of the Nation’s ocean,
coasts, and Great Lakes, and frame
development of a national plan towards
a sustainable ocean economy. For more
information, see https://www.noaa.gov/
interagency-ocean-policy. OSTP and
CEQ will solicit public comment on the
National Strategy through public notice
in the Federal Register.
Dated: September 29, 2022.
Stacy Murphy,
Operations Manager.
[FR Doc. 2022–21480 Filed 10–3–22; 8:45 am]
BILLING CODE 3270–F8–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–174, OMB Control No.
3235–0179]

khammond on DSKJM1Z7X2PROD with NOTICES

Submission for OMB Review;
Comment Request; Extension: Rule
31a–2
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736.
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.

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Section 31(a)(1) of the Investment
Company Act of 1940 (15 U.S.C. 80a–1
et seq.) (the ‘‘Act’’) requires registered
investment companies (‘‘funds’’) and
certain underwriters, broker-dealers,
investment advisers, and depositors to
maintain and preserve records as
prescribed by Commission rules. Rule
31a–1 (17 CFR 270.31a–1) under the Act
specifies the books and records that
each of these entities must maintain.
Rule 31a–2 (17 CFR 270.31a–2) under
the Act specifies the time periods that
entities must retain certain books and
records, including those required to be
maintained under rule 31a–1.
The retention of records, as required
by the rule, is necessary to ensure access
to material business and financial
information about funds and certain
related entities. We periodically inspect
the operations of funds to ensure they
are in compliance with the Act and
regulations under the Act. Due to the
limits on our resources, however, each
fund may only be inspected at intervals
of several years. In addition, the
prosecution of persons who have
engaged in certain violations of the
federal securities laws may not be
limited by timing restrictions. For these
reasons, we often need information
relating to events or transactions that
occurred years ago. Without the
requirement to preserve books, records,
and other documents, our staff would
have difficulty determining whether the
fund was in compliance with the law in
such areas as valuation of its portfolio
securities, computation of the prices
investors paid, and, when purchasing
and selling fund shares, types and
amounts of expenses the fund incurred,
kinds of investments the fund
purchased, actions of affiliated persons,
or whether the fund had engaged in any
illegal or fraudulent activities. As part of
our examinations of funds, our staff also
reviews the materials that directors
consider in approving the advisory
contract.
There are 2,754 funds currently
operating as of December 31, 2021, all
of which are required to comply with
rule 31a–2. The Commission staff
estimates that, on average, a fund
spends 220.4 hours annually to comply
with the rule. The Commission therefore
estimates the total annual hour burden
of the rule’s and form’s paperwork
requirements to be 606,981.60 hours. In
addition to the burden hours, the
Commission staff estimates that the
average yearly cost to each fund that is
subject to rule 31a–2 is about
$40,577.95. The Commission estimates
total annual cost is therefore about
$111.8 million.

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Estimates of average burden hours
and costs are made solely for 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 the rule
is mandatory. Responses to the
disclosure requirements 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 background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice by November 3, 2022 to (i)
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov and (ii) David Bottom,
Director/Chief Information Officer,
Securities and Exchange Commission, c/
o John Pezzullo, 100 F Street NE,
Washington, DC 20549, or by sending an
email to: [email protected].
Dated: September 28, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022–21445 Filed 10–3–22; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–95937; File No. SR–FINRA–
2022–025]

Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc.; Notice of Designation
of a Longer Period for Commission
Action on a Proposed Rule Change To
Amend FINRA Rule 11880 (Settlement
of Syndicate Accounts) To Revise the
Syndicate Account Settlement
Timeframe for Corporate Debt
Offerings
September 28, 2022.

On August 5, 2022, the Financial
Industry Regulatory Authority, Inc.
(‘‘FINRA’’) filed with the Securities and
Exchange Commission (‘‘Commission’’),
pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a
1 15
2 17

E:\FR\FM\04OCN1.SGM

U.S.C. 78s(b)(1).
CFR 240.19b–4.

04OCN1


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