Federal Register 60-Day Notice

8960

Federal Register / Vol. 90, No. 22 / Tuesday, February 4, 2025 / Notices

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–440, OMB Control No.
3235–0496]

Proposed Collection; Comment
Request; Extension: Appendix F to
Rule 15c3–1

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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.) (‘‘PRA’’), the
Securities and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the existing collection of information
provided for in Appendix F to Rule
15c3–1 (‘‘Appendix F’’ or ‘‘Rule 15c3–
1f’’) (17 CFR 240.15c3–1f) under the
Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.) (‘‘Exchange Act’’).
The Commission plans to submit this
existing collection of information to the
Office of Management and Budget
(‘‘OMB’’) for extension and approval.
Appendix F applies to certain
members of a class of broker-dealers
known as over-the-counter (‘‘OTC’’)
derivatives dealers. Exchange Act Rule
15c3–1 is the Commission’s net capital
rule for broker-dealers.1 Under
Appendix F, an OTC derivatives dealer
that is not a security-based swap dealer
may apply to the Commission for
authorization to compute net capital
charges for market and credit risk in
accordance with Appendix F in lieu of
computing securities haircuts under
paragraph (c)(2)(vi) of Exchange Act
Rule 15c3–1.2
At present, two OTC derivatives
dealers have been approved to use
Appendix F. No additional OTC
derivatives dealers have applied to use
Appendix F, and the staff does not
expect that any additional OTC
derivatives dealers will apply to use
Appendix F during the next three years.
The Commission estimates that the two
approved OTC derivatives dealers will
spend an average of approximately
1,000 hours each per year reporting
information concerning their value-atrisk (‘‘VAR’’) models and internal risk
management systems, for a total annual
burden of approximately 2,000 hours.
1 17 CFR 240.15c3–1. An OTC derivatives dealer
that is also registered as a security-based swap
dealer is subject to the net capital provisions of
Exchange Act Rule 18a–1 (17 CFR 240.18a–1).
2 An OTC derivatives dealer that is also registered
as a security-based swap dealer may apply to the
Commission for authorization to compute
deductions for market and credit risk using models
under paragraph (d) of Rule 18a–1.

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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
estimates of the burden of the proposed
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
April 7, 2025.
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: Austin Gerig, Director/Chief Data
Officer, Securities and Exchange
Commission, c/o Tanya Ruttenberg, 100
F Street NE, Washington, DC 20549, or
send an email to: PRA_Mailbox@
sec.gov.
Dated: January 29, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–02165 Filed 2–3–25; 8:45 am]
BILLING CODE 8011–01–P

approval and would grant relief from
the Disclosure Requirements as they
relate to fees paid to the subadvisers.
The RBB Fund Trust and
First Eagle Investment Management,
LLC

APPLICANTS:

The application was filed
on December 19, 2024.

FILING DATES:

HEARING OR NOTIFICATION OF HEARING:

An order granting the requested relief
will be issued unless the Commission
orders a hearing. Interested persons may
request a hearing on any application by
emailing the SEC’s Secretary at
[email protected] and serving
the Applicants with a copy of the
request by email, if an email address is
listed for the relevant Applicant below,
or personally or by mail, if a physical
address is listed for the relevant
Applicant below. Hearing requests
should be received by the Commission
by 5:30 p.m. on February 24, 2025, and
should be accompanied by proof of
service on the Applicants, in the form
of an affidavit, or, for lawyers, a
certificate of service. Pursuant to rule 0–
5 under the Act, hearing requests should
state the nature of the writer’s interest,
any facts bearing upon the desirability
of a hearing on the matter, the reason for
the request, and the issues contested.
Persons who wish to be notified of a
hearing may request notification by
emailing the Commission’s Secretary.

The RBB Fund Trust and First Eagle
Investment Management, LLC

The Commission:
[email protected]. Applicants:
Jillian L. Bosmann, Esq., Faegre Drinker
Biddle & Reath LLP, jillian.bosmann@
faegredrinker.com, with a copy to
Sheelyn Michael, First Eagle Investment
Management, LLC, sheelyn.michael@
firsteagle.com.

January 29, 2025.

FOR FURTHER INFORMATION CONTACT:

SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
35462; 812–15676]

Securities and Exchange
Commission (‘‘Commission’’ or ‘‘SEC’’).
ACTION: Notice.
AGENCY:

Notice of an application under section
6(c) of the Investment Company Act of
1940 (‘‘Act’’) for an exemption from
section 15(a) of the Act, as well as from
certain disclosure requirements in rule
20a–1 under the Act, Item 19(a)(3) of
Form N–1A, Items 22(c)(1)(ii),
22(c)(1)(iii), 22(c)(8) and 22(c)(9) of
Schedule 14A under the Securities
Exchange Act of 1934, and sections 6–
07(2)(a), (b), and (c) of Regulation S–X
(‘‘Disclosure Requirements’’).
SUMMARY OF APPLICATION: The requested
exemption would permit Applicants to
enter into and materially amend
subadvisory agreements with
subadvisers without shareholder

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ADDRESSES:

Trace W. Rakestraw, Senior Special
Counsel, at (202) 551–6825 (Division of
Investment Management, Chief
Counsel’s Office).
For
Applicants’ representations, legal
analysis, and conditions, please refer to
Applicants’ application, dated
December 19, 2024, which may be
obtained via the Commission’s website
by searching for the file number at the
top of this document, or for an
Applicant using the Company name
search field on the SEC’s EDGAR
system. The SEC’s EDGAR system may
be searched at https://www.sec.gov/
edgar/searchedgar/companysearch. You
may also call the SEC’s Office of
Investor Education and Advocacy at
(202) 551–8090.

SUPPLEMENTARY INFORMATION:

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