30 Day Notice

3235-0411.pdf

Rule 489 (17 CFR 230.489) under the Securities Act of 1933 and Form F-N

30 Day Notice

OMB: 3235-0411

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Federal Register / Vol. 88, No. 244 / Thursday, December 21, 2023 / Notices
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.

SUMMARY:

Date of required notice:
December 21, 2023.

DATES:

Sean C. Robinson, 202–268–8405.
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on December 12,
2023, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Express, Priority Mail &
USPS Ground Advantage® Contract 34
to Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2024–112, CP2024–117.
SUPPLEMENTARY INFORMATION:

Sean C. Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2023–28049 Filed 12–20–23; 8:45 am]
BILLING CODE 7710–12–P

POSTAL SERVICE
Product Change—Priority Mail and
USPS Ground Advantage® Negotiated
Service Agreement
AGENCY:
ACTION:

Postal

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.

FOR FURTHER INFORMATION CONTACT:

Sean Robinson, 202–268–8405.
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on December 13,
2023, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail & USPS Ground
Advantage® Contract 143 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2024–118, CP2024–124.
SUPPLEMENTARY INFORMATION:

khammond on DSKJM1Z7X2PROD with NOTICES

BILLING CODE 7710–12–P

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:
December 21, 2023.
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 December 14,
2023, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail & USPS Ground
Advantage® Contract 147 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2024–123, CP2024–129.
Sean Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2023–28062 Filed 12–20–23; 8:45 am]

Sean C. Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2023–28058 Filed 12–20–23; 8:45 am]
BILLING CODE 7710–12–P

Jkt 262001

Product Change—Priority Mail and
USPS Ground Advantage® Negotiated
Service Agreement

POSTAL SERVICE
Product Change—Priority Mail and
USPS Ground Advantage® Negotiated
Service Agreement
Postal ServiceTM.
Notice.

AGENCY:
ACTION:

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:
December 21, 2023.
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 December 11,
2023, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail & USPS Ground
Advantage® Contract 138 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2024–108, CP2024–112.
SUMMARY:

Sean C. Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2023–28053 Filed 12–20–23; 8:45 am]
BILLING CODE 7710–12–P

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:
December 21, 2023.
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 December 13,
2023, it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail & USPS Ground
Advantage® Contract 144 to
Competitive Product List. Documents
SUMMARY:

Date of required notice:
December 21, 2023.

DATES:

Sean C. Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2023–28059 Filed 12–20–23; 8:45 am]

Postal ServiceTM.
ACTION: Notice.
AGENCY:

POSTAL SERVICE

SUMMARY:

18:15 Dec 20, 2023

Product Change—Priority Mail and
USPS Ground Advantage® Negotiated
Service Agreement

BILLING CODE 7710–12–P

ServiceTM.

Notice.

VerDate Sep<11>2014

are available at www.prc.gov, Docket
Nos. MC2024–119, CP2024–125.

POSTAL SERVICE

SUMMARY:

FOR FURTHER INFORMATION CONTACT:

88427

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SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–361, OMB Control No.
3235–0411]

Submission for OMB Review;
Comment Request; Extension: Rule
489 and Form F–N
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.) (‘‘Paperwork
Reduction Act’’), the Securities and
Exchange Commission (the
‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension of the

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khammond on DSKJM1Z7X2PROD with NOTICES

88428

Federal Register / Vol. 88, No. 244 / Thursday, December 21, 2023 / Notices

previously approved collection of
information discussed below.
Rule 489 (17 CFR 230.489) under the
Securities Act of 1933 (15 U.S.C. 77a et
seq.) requires foreign banks and foreign
insurance companies and holding
companies and finance subsidiaries of
foreign banks and foreign insurance
companies that are exempted from the
definition of ‘‘investment company’’ by
virtue of rules 3a–1 (17 CFR 270.3a–1),
3a–5 (17 CFR 270.3a–5), and 3a–6 (17
CFR 270.3a–6) under the Investment
Company Act of 1940 (15 U.S.C. 80a–1
et seq.) to file Form F–N (17 CFR
239.43) to appoint an agent for service
of process when making a public
offering of securities in the United
States. The information is collected so
that the Commission and private
plaintiffs may serve process on foreign
entities in actions and administrative
proceedings arising out of or based on
the offer or sales of securities in the
United States by such foreign entities.
The Commission received an average
of 25 Form F–N filings per year over the
last three years (2020–2022). The
Commission has previously estimated
that the total annual burden associated
with information collection and Form
F–N preparation and submission is one
hour per filing. Based on the
Commission’s experience with
disclosure documents generally, the
Commission continues to believe that
this estimate is appropriate. Thus the
estimated total annual burden for rule
489 and Form F–N is 25 hours.
Estimates of the average burden hours
are made solely for the purposes of the
Paperwork Reduction Act and are not
derived from a comprehensive or even
a representative survey or study of the
costs of Commission rules and forms.
Compliance with the collection of
information requirements of rule 489
and Form F–N is mandatory to obtain
the benefit of the exemption. Responses
to the collection of information 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 January 22, 2024 to (i)
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov and (ii) David Bottom,

VerDate Sep<11>2014

18:15 Dec 20, 2023

Jkt 262001

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: December 18, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–28117 Filed 12–20–23; 8:45 am]
BILLING CODE P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–240, OMB Control No.
3235–0216]

Submission for OMB Review;
Comment Request; Extension: Rule
19a–1
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. 3501–3520), the Securities
and Exchange Commission (the
‘‘Commission’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
Section 19(a) (15 U.S.C. 80a–19(a)) of
the Investment Company Act of 1940
(the ‘‘Act’’) (15 U.S.C. 80a) makes it
unlawful for any registered investment
company to pay any dividend or similar
distribution from any source other than
the company’s net income, unless the
payment is accompanied by a written
statement to the company’s
shareholders which adequately
discloses the sources of the payment.
Section 19(a) authorizes the
Commission to prescribe the form of
such statement by rule.
Rule 19a–1 (17 CFR 270. 19a–1) under
the Act, entitled ‘‘Written Statement to
Accompany Dividend Payments by
Management Companies,’’ sets forth
specific requirements for the
information that must be included in
statements made pursuant to section
19(a) by or on behalf of management
companies.1 The rule requires that the
statement indicate what portions of
distribution payments are made from
net income, net profits from the sale of
a security or other property (‘‘capital
gains’’) and paid-in capital. When any
part of the payment is made from capital
1 Section 4(3) of the Act (15 U.S. C. 80a–4(3))
defines ‘‘management company’’ as ‘‘any
investment company other than a face amount
certificate company or a unit investment trust.’’

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gains, rule 19a–1 also requires that the
statement disclose certain other
information relating to the appreciation
or depreciation of portfolio securities. If
an estimated portion is subsequently
determined to be significantly
inaccurate, a correction must be made
on a statement made pursuant to section
19(a) or in the first report to
shareholders following the discovery of
the inaccuracy.
The purpose of rule 19a–1 is to afford
fund shareholders adequate disclosure
of the sources from which distribution
payments are made. The rule is
intended to prevent shareholders from
confusing income dividends with
distributions made from capital sources.
Absent rule 19a–1, shareholders might
receive a false impression of fund gains.
Based on a review of filings made
with the Commission, the staff estimates
that approximately 12,900 series of
registered investment companies that
are management companies may be
subject to rule 19a–1 each year,2 and
that each portfolio on average mails two
statements per year to meet the
requirements of the rule.3 The staff
further estimates that the time needed to
make the determinations required by the
rule and to prepare the statement
required under the rule is
approximately 1 hour per statement.
The total annual burden for all
portfolios therefore is estimated to be
approximately 25,800 burden hours.4
The staff estimates that approximately
one-third of the total annual burden
(8,600 hours) would be incurred by a
paralegal with an average hourly wage
rate of approximately $253 per hour,5
and approximately two-thirds of the
annual burden (17,200 hours) would be
incurred by a compliance clerk with an
average hourly wage rate of $82 per
2 This estimate is as of December 2022 and is
based on the Commission staff’s review of EDGAR
filings through July 31, 2023; the number of
management investment company portfolios that
make distributions for which compliance with rule
19a–1 is required depends on a wide range of
factors and can vary greatly across years; therefore,
the calculation of estimated burden hours below is
based on the total number of management
investment company portfolios, each of which may
be subject to rule 19a–1.
3 A few portfolios make monthly distributions
from sources other than net income, so the rule
requires them to send out a statement 12 times a
year; other portfolios never make such
distributions.
4 This estimate is based on the following
calculation: 12,900 management investment
company portfolios × 2 statements per year × 1 hour
per statement = 25,800 burden hours.
5 Hourly rates are derived from the Securities
Industry and Financial Markets Association
(‘‘SIFMA’’), Management and Professional Earnings
in the Securities Industry 2013, modified to account
for an 1800-hour work-year and inflation, and
multiplied by 5.35 to account for bonuses, firm size,
employee benefits, and overhead.

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