54670 Federal Register / Vol. 62, No. 203 / Tuesday, October 21, 1997 / Notices

7 15 U.S.C. 78s(b)(3)(A)(ii).

8 17 CFR 240.19b–4(e)(2).

9???

(C) Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants or Others

No comments on the proposed rule

change were solicited or received.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

The foregoing rule change has become

effective pursuant to Section

19(b)(3)(A)(ii) 7 of the Act and pursuant

to Rule 19b–4(e)(2)8 promulgated

thereunder because the proposal

establishes or changes a due, fee, or

other charge imposed by OCC. At any

time within sixty days of the filing of

such rule change, the Commission may

summarily abrogate such rule change if

it appears to the Commission that such

action is necessary or appropriate in the

public interest, for the protection of

investors, or otherwise in furtherance of

the purposes of the Act.

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views, and

arguments concerning the foregoing.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, N.W.,

Washington, D.C. 20549. Copies of the

submission, all written statements with

respect to the proposed rule change that

are filed with the Commission, and all

written communications relating to the

proposed rule change between the

Commission and any person, other than

those that may be withheld from the

public in accordance with the

provisions of 5 U.S.C. 552, will be

available for inspection and copying in

the Commission’s Public Reference

Section, 450 Fifth Street, N.W.,

Washington, D.C. 20549. Copies of such

filing also will be available for

inspection and copying at the principal

office of OCC. All submissions should

refer to File No. SR–OCC–97–16 and

should be submitted by November 12,

1997.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.9

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–27760 Filed 10–20–97; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

Submission for OMB Review;

Comment Request

Upon written request, copies available

from: Securities and Exchange Commission,

Office of Filings and Information Services,

450 Fifth Street, N.W., Washington, D.C.

20549.

Extension: Rule 23c–1 [17 CFR 270.23c–1];

SEC File No. 270–253; OMB Control No.

3235–0260.

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 23c–1, among other things,

permits a closed-end fund to repurchase

its securities for cash if in addition to

the other requirements set forth in the

rule: (i) payment of the purchase price

is accompanied or preceded by a written

confirmation of the purchase; (ii) the

asset coverage per unit of the security to

be purchased is disclosed to the seller

or his agent; and (iii) if the security is

a stock, the fund has, within the

preceding six months, informed

stockholders of its intention to purchase

stock. The Commission estimates that

approximately 575 closed-end funds

may rely on rule 23c–1, and that on

average, a fund spends approximately

2.5 hours per year on complying with

the rule’s paperwork requirements. The

total annual burden of the rule’s

paperwork requirements thus is

estimated to be 1,438 hours.

In addition, the fund must file with

the Commission, during the calendar

month following any month in which a

purchase permitted by rule 23c–1

occurs, two copies of a report of

purchases made during the month,

together with copies of any written

solicitation to purchase securities given

on behalf of the fund to 10 or more

persons. The burden associated with

filing Form N–23C–1, the form for this

report, has been addressed in the

submission for that Form.

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 rule and forms.

Complying with the collection of

information requirements of the rule is

mandatory. The filings that the rule

requires to be made with the

Commission are available to the public.

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.

Please direct general comments

regarding the above information to the

following persons: (i) Desk Officer for

the Securities and Exchange

Commission, Office of Information and

Regulatory Affairs, Office of

Management and Budget, Room 3208,

New Executive Office Building,

Washington, D.C. 20503; and (ii)

Michael E. Bartell, Associate Executive

Director, Office of Information

Technology, Securities and Exchange

Commission, 450 Fifth Street, N.W.,

Washington, D.C. 20549. Comments

must be submitted to OMB within 30

days of this notice.

Dated: October 14, 1997.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 97–27763 Filed 10–20–97; 8:45 am]

BILLING CODE 8010–01–M

SMALL BUSINESS ADMINISTRATION

[License No. 09/79–0409]

New Vista Capital Fund, L.P.; Notice of

Issuance of a Small Business

Investment Company; License

On May 14, 1997, an application was

filed by New Vista Capital Fund, L.P.,

at 499 Hamilton Avenue, Suite 140, Palo

Alto, California 94301, with the Small

Business Administration (SBA)

pursuant to Section 107.300 of the

Regulations governing small business

investment companies (13 CFR 107.300

(1996)) for a license to operate as a small

business investment company.

Notice is hereby given that, pursuant

to Section 301(c) of the Small Business

Investment Act of 1958, as amended,

after having considered the application

and all other pertinent information, SBA

issued License No. 09/79–0409 on

September 17, 1997, to NewVista

Capital Fund, L.P. to operate as a small

business investment company.

(Catalog of Federal Domestic Assistance

Program No. 59.011, Small Business

Investment Companies)

Dated: October 10, 1997.

Don A. Christensen,

Associate Administrator for Investment.

[FR Doc. 97–27790 Filed 10–20–97; 8:45 am]

BILLING CODE 8025–01–P