Federal Register / Vol. 88, No. 196 / Thursday, October 12, 2023 / Notices 70691 

7The 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. 

1This estimate is based on the following 

calculation: (1.5 hours × 3 responses annually = 4.5 

hours). 

2This estimate is based on a review of Form N– 

17f–1 filings made with the Commission over the 

last three years. 

3This estimate is based on the following 

calculations: (4.5 hours × 21 funds = 94.5 total 

hours). 

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_

Mailbox@sec.gov. 

Dated: October 6, 2023. 

J. Lynn Taylor, 

Assistant Secretary. 

[FR Doc. 2023–22580 Filed 10–11–23; 8:45 am] 

BILLING CODE 8011–01–P 

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 

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_

Mailbox@sec.gov. 


ddrumheller on DSK120RN23PROD with NOTICES1
70692 Federal Register / Vol. 88, No. 196 / Thursday, October 12, 2023 / Notices 

Dated: October 6, 2023. 

J. Lynn Taylor, 

Assistant Secretary. 

[FR Doc. 2023–22578 Filed 10–11–23; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

TIME AND DATE: 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). 

PLACE: The meeting will be webcast on 

the Commission’s website at 

www.sec.gov. 

STATUS: 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. 

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: 

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 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–177, OMB Control No. 

3235–0177] 

Proposed Collection; Comment 

Request; Extension: Rule 6e–2 and 

Form N–6EI–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 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 

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_

Mailbox@sec.gov. 

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 

SUMMARY: 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 


ddrumheller on DSK120RN23PROD with NOTICES1