60 Day Notice

3235-0359.pdf

Investment Company Act Form N-17f-1, Certificate of Accounting of Securities and similar Investments of a Management Investment Company in the Custody of Members of National Securities Exchanges

60 Day Notice

OMB: 3235-0359

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Federal Register / Vol. 88, No. 196 / Thursday, October 12, 2023 / Notices
with this rule is approximately
$194,485. To calculate this total annual
cost, the Commission staff assumed that
approximately two-thirds of the total
annual hour burden (485 hours) would
be incurred by a compliance manager
with an average hourly wage rate of
$360 per hour,7 and one-third of the
annual hour burden (242.5 hours)
would be incurred by compliance clerk
with an average hourly wage rate of $82
per hour.8
The estimates of average burden hours
are made solely for the purposes of the
Paperwork Reduction Act. These
estimates are not derived from a
comprehensive or even a representative
survey or study of the costs of
Commission rules.
Written comments are invited on: (a)
whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have 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
by December 11, 2023.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
under the PRA unless it displays a
currently valid OMB control number.
Please direct your written comments
to: David Bottom, Acting Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
[email protected].
Dated: October 6, 2023.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 2023–22580 Filed 10–11–23; 8:45 am]

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BILLING CODE 8011–01–P
7 The estimated hourly wages used in this PRA
analysis were derived from the Securities Industry
and Financial Markets Association’s Reports on
Management and Professional Earnings in the
Securities Industry (2013) (modified to account for
an 1,800-hour work year and multiplied by 5.35 to
account for bonuses, firm size, employee benefits
and overhead) (adjusted for inflation), and Office
Salaries in the Securities Industry (2013) (modified
to account for an 1,800-hour work year and
multiplied by 2.93 to account for bonuses, firm size,
employee benefits and overhead) (adjusted for
inflation).
8 (485 × $360/hour) + (242.5 × $82/hour) =
$194,485.

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SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–316, OMB Control No.
3235–0359]

Proposed Collection; Comment
Request; Extension: Form N–17f–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 et seq.), the Securities
and Exchange Commission (the
‘‘Commission’’) is soliciting comments
on the collections of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Form N–17f–1 (17 CFR 274.219) is
entitled ‘‘Certificate of Accounting of
Securities and Similar Investments of a
Management Investment Company in
the Custody of Members of National
Securities Exchanges.’’ The form serves
as a cover sheet to the accountant’s
certificate that is required to be filed
periodically with the Commission
pursuant to rule 17f–1 (17 CFR 270.17f–
1) under the Act, entitled ‘‘Custody of
Securities with Members of National
Securities Exchanges,’’ which sets forth
the conditions under which a fund may
place its assets in the custody of a
member of a national securities
exchange. Rule 17f–1 requires, among
other things, that an independent public
accountant verify the fund’s assets at the
end of every annual and semi-annual
fiscal period, and at least one other time
during the fiscal year as chosen by the
independent accountant. Requiring an
independent accountant to examine the
fund’s assets in the custody of a member
of a national securities exchange assists
Commission staff in its inspection
program and helps to ensure that the
fund assets are subject to proper
auditing procedures. The accountant’s
certificate stating that it has made an
examination, and describing the nature
and the extent of the examination, must
be attached to Form N–17f–1 and filed
with the Commission promptly after
each examination. The form facilitates
the filing of the accountant’s certificates,
and increases the accessibility of the
certificates to both Commission staff
and interested investors.
Commission staff estimates that it
takes: (i) 1 hour of clerical time to
prepare and file Form N–17f–1; and (ii)
0.5 hour for the fund’s chief compliance

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70691

officer to review Form N–17f–1 prior to
filing with the Commission, for a total
of 1.5 hours. Each fund is required to
make 3 filings annually, for a total
annual burden per fund of
approximately 4.5 hours.1 Commission
staff estimates that an average of 21
funds currently file Form N–17f–1 with
the Commission 3 times each year, for
a total of 64 responses annually.2 The
total annual hour burden for Form N–
17f–1 is therefore estimated to be
approximately 95 hours.3
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 of the
costs of Commission rules. Compliance
with the collections of information
required by Form N–17f–1 is mandatory
for funds that place their assets in the
custody of a national securities
exchange member. Responses 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 control number.
Written comments are invited on: (a)
whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have 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
by December 11, 2023.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
under the PRA unless it displays a
currently valid OMB control number.
Please direct your written comments
to: David Bottom, Acting Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
[email protected].
1 This estimate is based on the following
calculation: (1.5 hours × 3 responses annually = 4.5
hours).
2 This estimate is based on a review of Form N–
17f–1 filings made with the Commission over the
last three years.
3 This estimate is based on the following
calculations: (4.5 hours × 21 funds = 94.5 total
hours).

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Federal Register / Vol. 88, No. 196 / Thursday, October 12, 2023 / Notices

Dated: October 6, 2023.
J. Lynn Taylor,
Assistant Secretary.

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–177, OMB Control No.
3235–0177]

[FR Doc. 2023–22578 Filed 10–11–23; 8:45 am]
BILLING CODE 8011–01–P

Proposed Collection; Comment
Request; Extension: Rule 6e–2 and
Form N–6EI–1

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 will hold an
Open Meeting on Friday, October 13,
2023 at 9:30 a.m. (ET).

TIME AND DATE:

The meeting will be webcast on
the Commission’s website at
www.sec.gov.

PLACE:

This meeting will begin at 9:30
a.m. (ET) and will be open to the public
via webcast on the Commission’s
website at www.sec.gov.

STATUS:

MATTERS TO BE CONSIDERED:

1. The Commission will consider
whether to adopt a rule under the
Securities Exchange Act of 1934
(‘‘Exchange Act’’) to increase the
transparency and efficiency of the
securities lending market.
2. The Commission will consider
whether to adopt a rule under the
Exchange Act that is designed to
provide greater transparency to
investors and other market participants
by increasing the public availability of
short sale-related data and whether to
approve a proposed amendment to the
national market system plan governing
the consolidated audit trail (‘‘CAT’’)
created pursuant to the Exchange Act to
require a CAT reporting firm that is
reporting short sales to indicate whether
such firm is asserting use of the bona
fide market making exception under
Rule 203(b) of Regulation SHO.
CONTACT PERSON FOR MORE INFORMATION:

ddrumheller on DSK120RN23PROD with NOTICES1

For further information and to ascertain
what, if any, matters have been added,
deleted or postponed, please contact
Vanessa A. Countryman from the Office
of the Secretary at (202) 551–5400.
(Authority: 5 U.S.C. 552b)
Dated: October 6, 2023.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 2023–22619 Filed 10–10–23; 11:15 am]
BILLING CODE 8011–01–P

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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’’) 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 for extension
and approval.
Rule 6e–2 (17 CFR 270.6e–2) under
the Investment Company Act of 1940
(‘‘Act’’) (15 U.S.C. 80a) is an exemptive
rule that provides separate accounts
formed by life insurance companies to
fund certain variable life insurance
products, exemptions from certain
provisions of the Act, subject to
conditions set forth in the rule.
Rule 6e–2 provides a separate account
with an exemption from the registration
provisions of section 8(a) of the Act if
the account files with the Commission
Form N–6EI–1 (17 CFR 274.301), a
notification of claim of exemption.
The rule also exempts a separate
account from a number of other sections
of the Act, provided that the separate
account makes certain disclosure in its
registration statements (in the case of
those separate accounts that elect to
register), reports to contractholders,
proxy solicitations, and submissions to
state regulatory authorities, as
prescribed by the rule.
Since 2008, there have been no filings
of Form N–6EI–1 by separate accounts.
Therefore, there has been no cost or
burden to the industry since that time.
The Commission requests authorization
to maintain an inventory of one burden
hour for administrative purposes.
Written comments are invited on: (a)
whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have 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

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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
by December 11, 2023.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
under the PRA unless it displays a
currently valid OMB control number.
Please direct your written comments
to: David Bottom, Acting Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
[email protected].
Dated: October 6, 2023.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 2023–22579 Filed 10–11–23; 8:45 am]
BILLING CODE 8011–01–P

DEPARTMENT OF STATE
[Public Notice: 12217]

Notice of Determinations; Culturally
Significant Objects Being Imported for
Exhibition—Determinations: ‘‘Monet
and His Modern Legacy’’ Exhibition
Notice is hereby given of the
following determinations: I hereby
determine that certain objects being
imported from abroad pursuant to an
agreement with their foreign owner or
custodian for temporary display in the
exhibition ‘‘Monet and his Modern
Legacy’’ at the Nelson-Atkins Museum
of Art, Kansas City, Missouri; the
Cleveland Museum of Art, Cleveland,
Ohio; and at possible additional
exhibitions or venues yet to be
determined, are of cultural significance,
and, further, that their temporary
exhibition or display within the United
States as aforementioned is in the
national interest. I have ordered that
Public Notice of these determinations be
published in the Federal Register.
FOR FURTHER INFORMATION CONTACT:
Reed Liriano, Program Coordinator,
Office of the Legal Adviser, U.S.
Department of State (telephone: 202–
632–6471; email: section2459@
state.gov). The mailing address is U.S.
Department of State, L/PD, 2200 C Street
NW (SA–5), Suite 5H03, Washington,
DC 20522–0505.
SUPPLEMENTARY INFORMATION: The
foregoing determinations were made
pursuant to the authority vested in me
by the Act of October 19, 1965 (79 Stat.
985; 22 U.S.C. 2459), Executive Order
SUMMARY:

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