Federal Register 30-Day Submission Notice

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Federal Register / Vol. 91, No. 207 / Wednesday, October 28, 2026 / Notices
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.
ADDRESSES: The Commission:
[email protected]. Applicants:
Kate A. McCurry, KMcCurry@
ktslaw.com, Kilpatrick Townsend &
Stockton LLP, 1001 West Fourth Street,
Winston-Salem, NC 27101.
FOR FURTHER INFORMATION CONTACT: Erin
Loomis Moore, Senior Counsel, or
Matthew Cook, Branch Chief, at (202)
551–6720 or [email protected] (Division
of Investment Management, Chief
Counsel’s Office).
SUPPLEMENTARY INFORMATION: For
Applicants’ representations, legal
analysis, and conditions, please refer to
Applicants’ second amended
application, dated September 25, 2026,
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/search-filings. You
may also call the SEC’s Office of
Investor Education and Assistance at
(202) 551–8090.
For the Commission, by the Division of
Investment Management, under delegated
authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–22011 Filed 10–27–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
36369; File No. 813–00404]

The Carlyle Group Inc. and CP VIII
Coinvestment B, L.P.
October 23, 2026.
AGENCY: Securities and Exchange

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Commission (‘‘Commission’’ or ‘‘SEC’’).
ACTION: Notice.

Notice of application for an order
(‘‘Order’’) under sections 6(b) and 6(e) of
the Investment Company Act of 1940
(the ‘‘Act’’) granting an exemption from
all provisions of the Act, except sections
9, 17, 30, and 36 through 53, and the
rules and regulations under the Act (the

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‘‘Rules and Regulations’’). With respect
to sections 17(a), (d), (e), (f), (g), and (j)
of the Act, sections 30(a), (b), (e), and (h)
of the Act and the Rules and
Regulations and rule 38a–1 under the
Act, Applicant requests a limited
exemption as set forth in the
application.
SUMMARY OF APPLICATION: Applicants
request an order to exempt certain
limited partnerships, limited liability
companies, corporations, business or
statutory trusts or other entities
(‘‘Partnerships’’) formed for the benefit
of eligible employees of Applicants and
their affiliates from certain provisions of
the Act. Each Partnership, and each
Series thereof, will be an ‘‘employees’
securities company’’ within the
meaning of section 2(a)(13) of the Act.
APPLICANTS: The Carlyle Group Inc. and
CP VIII Coinvestment B, L.P.
FILING DATES: The application was filed
on December 28, 2021, and amended on
May 20, 2022, December 1, 2022, July
29, 2025, and October 22, 2026.
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
Applicant with a copy of the request by
email, if an email address is listed for
Applicant below, or personally or by
mail, if a physical address is listed for
Applicant below. The email should
include the file number referenced
above. Hearing requests should be
received by the Commission by 5:30
p.m., Eastern time, on November 17,
2026, and should be accompanied by
proof of service on Applicant, 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.
ADDRESSES: The Commission:
[email protected]. Applicant:
Jeffrey W. Furgeson, The Carlyle Group
Inc., Kate Heinzelman; and Rajib
Chanda, [email protected], and
Neesa Sood, [email protected],
Simpson Thacher & Bartlett LLP.
FOR FURTHER INFORMATION CONTACT:
Stephan N. Packs, Senior Counsel, or
Matthew Cook, Branch Chief, at (202)
551–6720 or [email protected] (Division
of Investment Management, Chief
Counsel’s Office).

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SUPPLEMENTARY INFORMATION: For

Applicant’s representations, legal
analysis, and conditions, please refer to
Applicant’s fourth amended
application, dated October 22, 2026,
which may be obtained via the
Commission’s website by searching for
the file number at the top of this
document, or for 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/search-filings. You
may also call the SEC’s Office of
Investor Education and Assistance at
(202) 551–8090.
For the Commission, by the Division of
Investment Management, under delegated
authority.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2026–21933 Filed 10–27–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0237]

Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Extension:
Form N–54A
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
(‘‘Commission’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
Under the Investment Company Act
of 1940 (15 U.S.C. 80a–1 et seq.) (the
‘‘Investment Company Act’’), certain
investment companies can elect to be
regulated as business development
companies, as defined in Section
2(a)(48) of the Investment Company Act
(15 U.S.C. 80a–2(a)(48)). Under Section
54(a) of the Investment Company Act
(15 U.S.C. 80a–53(a)), any company
defined in Section 2(a)(48)(A) and (B)
may elect to be subject to the provisions
of Sections 55 through 65 of the
Investment Company Act (15 U.S.C.
80a–54 to 80a–64) by filing with the
Commission a notification of election, if
such company has: (1) a class of equity
securities registered under Section 12 of
the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.) (‘‘Exchange Act’’); or

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Federal Register / Vol. 91, No. 207 / Wednesday, October 28, 2026 / Notices

khammond on DSK9W7S144PROD with NOTICE

(2) filed a registration statement
pursuant to Section 12 of the Exchange
Act for a class of its equity securities.
The Commission adopted Form N–54A
(17 CFR 274.53) as the form for
notification of election to be regulated
as a business development company.
The purpose of Form N–54A is to
notify the Commission that the
investment company making the
notification elects to be subject to
Sections 55 through 65 of the
Investment Company Act, enabling the
Commission to administer those
provisions of the Investment Company
Act to such companies.
The Commission staff estimates that
on average approximately 25 business
development companies file these
notifications each year.1 Each of those
business development companies need
only make a single filing of Form N–
54A. The Commission staff further
estimates that such business
development companies will each
spend 0.5 hours at a cost of $470.5 per
hour preparing the form, resulting in a
total annual time burden of 12.5 hours.
Based on the estimated wage rate, the
total cost to the business development
company industry of the hour burden
for complying with Form N–54A would
be approximately $5,881.25.
The Commission staff estimates that
there is no additional cost burden
associated with the form other than the
cost of the burdens identified above.
The collection of information under
Form N–54A is mandatory. The
information provided by the form is not
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 and comment
on this information collection request
at: https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202608-3235-012
or email comment to
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov within 30 days of the day
after publication of this notice, by
November 30, 2026.
Dated: October 26, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–22002 Filed 10–27–26; 8:45 am]
BILLING CODE 8011–01–P
1 This number is based on the average annual
number of Form N–54A filings with the
Commission from January 1, 2023 through
December 31, 2025.

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SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0222]

Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Extension:
Rule 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’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
Rule 17f–1 (17 CFR 270.17f–1) under
the Investment Company Act of 1940
(the ‘‘Act’’) (15 U.S.C. 80a) is entitled:
‘‘Custody of securities with members of
national securities exchanges.’’ Rule
17f–1 provides that any registered
management investment company
(‘‘fund’’) that wishes to place its assets
in the custody of a national securities
exchange member may do so only under
a written contract that must be ratified
initially and approved annually by a
majority of the fund’s board of directors.
The written contract also must contain
certain specified provisions. In addition,
the rule requires an independent public
accountant to examine the fund’s assets
in the custody of the exchange member
at least three times during the fund’s
fiscal year. The rule requires the written
contract and the certificate of each
examination to be transmitted to the
Commission. The purpose of the rule is
to ensure the safekeeping of fund assets.
Commission staff estimate that each
fund makes 1 response and spends an
average of 3.5 hours annually in
complying with the rule’s requirements.
Commission staff estimate that on an
annual basis it takes: (i) 0.5 hours for the
board of directors 1 to review and ratify
the custodial contracts; and (ii) 3 hours
for the fund’s controller to assist the
fund’s independent public auditors in
verifying the fund’s assets.
Approximately 4 funds rely on the rule
1 Estimates of the number of hours are based on
conversations with representatives of mutual funds
that comply with the rule. The actual number of
hours may vary significantly depending on
individual fund assets. The hour burden for rule
17f–1 does not include preparing the custody
contract because that would be part of customary
and usual business practice.

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annually, with a total of 4 responses.2
Thus, the total annual internal hour
burden for rule 17f–1 is approximately
14 hours.3
Funds that rely on rule 17f–1
generally use a lawyer to prepare the
custodial contract for the board’s review
and to transmit the contract to the
Commission. Commission staff estimate
the cost of a lawyer to perform these
tasks for a fund each year is $1,548.4
Funds also must have an independent
public accountant verify the fund’s
assets three times each year and prepare
the certificate of examination.
Commission staff estimates the annual
cost for an independent public
accountant to perform this service is
$11,550.5 Therefore, the total annual
cost burden for a fund that relies on rule
17f–1 would be approximately $13,098.6
As noted above, the staff estimates that
4 funds rely on rule 17f–1 each year, for
an estimated total annualized external
cost burden of $52,392.7
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 rule 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
2 This estimate is based on a review of Form N–
17f–1 filings over the last three years. In 2023 there
were six unique filers, in 2024 there were three
unique filers, and in 2025 there were four unique
filers. (6 + 3 + 4)/3 = 4.33 funds, rounded down to
an estimated 4 funds. 4 funds × 1 response per filer
= 4 responses.
3 This estimate is based on the following
calculation: (4 respondents × 3.5 hours = 14 hours).
The annual burden for rule 17f–1 does not include
time spent preparing Form N–17f–1. The burden for
Form N–17f–1 is included in a separate collection
of information.
4 This estimate is based on the following
calculation: (2 hours of outside counsel time × $774
= $1,548). To calculate the occupational hourly
rates used in this release, the Commission uses
occupational mean hourly wage data from the
Occupational Employment and Wage Statistics
(‘‘OEWS’’) program of the Bureau of Labor Statistics
(‘‘BLS’’) for ‘‘Securities, Commodity Contracts, and
Other Financial Investments and Related
Activities’’ (‘‘NAICS 523’’).
5 Commission staff estimates that this would
require approximately 35 hours for an accountant
to complete at a cost of approximately $330 per
hour. 35 hours × $330 = $11,550. The occupational
wage rate was derived using wage data from the
OEWS program of BLS for NAICS 523.
6 This estimate is based on the following
calculation: $1,548 + $11,550 = $13,098.
7 This estimate is based on the following
calculation: 4 funds × $13,098 = $52,392.

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