Federal Register / Vol. 79, No. 245 / Monday, December 22, 2014 / Notices 76409 

1 15 U.S.C. 78m(f). 

2 15 U.S.C. 78a et seq. 

3 17 CFR 240.13f–1. 

4 17 CFR 249.325. 

The Council is an advisory body 

composed of representatives of Federal 

employee organizations, Federal 

management organizations, and senior 

Government officials. The Council was 

established by Executive Order 13522, 

entitled, ‘‘Creating Labor-Management 

Forums to Improve Delivery of 

Government Services,’’ which was 

signed by the President on December 9, 

2009. Along with its other 

responsibilities, the Council assists in 

the implementation of Labor 

Management Forums throughout the 

Government and makes 

recommendations to the President on 

innovative ways to improve delivery of 

services and products to the public 

while cutting costs and advancing 

employee interests. The Council is cochaired by the Director of the Office of 

Personnel Management and the Deputy 

Director for Management of the Office of 

Management and Budget. 

At its meetings, the Council will 

continue its work in promoting 

cooperative and productive 

relationships between labor and 

management in the executive branch, by 

carrying out the responsibilities and 

functions listed in Section 1(b) of the 

Executive Order. The meetings are open 

to the public. Please contact the Office 

of Personnel Management at the address 

shown below if you wish to present 

material to the Council at the meeting. 

The manner and time prescribed for 

presentations may be limited, 

depending upon the number of parties 

that express interest in presenting 

information. 

FOR FURTHER INFORMATION CONTACT: Tim 

Curry, Deputy Associate Director for 

Partnership and Labor Relations, Office 

of Personnel Management, 1900 E Street 

NW., Room 7H28, Washington, DC 

20415. Phone (202) 606–2930 or email 

at PLR@opm.gov. 

For the National Council. 

Katherine Archuleta, 

Director. 

[FR Doc. 2014–29938 Filed 12–19–14; 8:45 am] 

BILLING CODE 6325–39–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE., Washington, DC 

20549–2736. 

Extension: 

Form 13F. 

OMB Control No. 3235–0006, SEC File No. 

270–22. 

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 (‘‘OMB’’) for 

extension and approval. 

Section 13(f) 1 of the Securities 

Exchange Act of 1934 2 (the ‘‘Exchange 

Act’’) empowers the Commission to: (1) 

Adopt rules that create a reporting and 

disclosure system to collect specific 

information; and (2) disseminate such 

information to the public. Rule 13f–1 3

under the Exchange Act requires 

institutional investment managers that 

exercise investment discretion over 

accounts that have in the aggregate a fair 

market value of at least $100,000,000 of 

certain U.S. exchange-traded equity 

securities, as set forth in rule 13f–1(c), 

to file quarterly reports with the 

Commission on Form 13F.4

The information collection 

requirements apply to institutional 

investment managers that meet the $100 

million reporting threshold. Section 

13(f)(6) of the Exchange Act defines an 

‘‘institutional investment manager’’ as 

any person, other than a natural person, 

investing in or buying and selling 

securities for its own account, and any 

person exercising investment discretion 

with respect to the account of any other 

person. Rule 13f–1(b) under the 

Exchange Act defines ‘‘investment 

discretion’’ for purposes of Form 13F 

reporting. 

The reporting system required by 

Section 13(f) of the Exchange Act is 

intended, among other things, to create 

in the Commission a central repository 

of historical and current data about the 

investment activities of institutional 

investment managers, and to improve 

the body of factual data available to 

regulators and the public. 

The Commission staff estimates that 

5,044 respondents make approximately 

20,176 responses under the rule each 

year. The staff estimates that on average, 

Form 13F filers spend 80.8 hours/year 

to prepare and submit the report. In 

addition, the staff estimates that 204 

respondents file approximately 816 

amendments each year. The staff 

estimates that on average, Form 13F 

filers spend 4 hours/year to prepare and 

submit amendments to Form 13F. The 

total annual burden of the rule’s 

requirements for all respondents 

therefore is estimated to be 408,371 

hours [(407,555 hours (5,044 filers × 

80.8 hours)) + (816 hours (204 filers × 

4 hours))]. 

The estimate of average burden hours 

is made solely for the purposes of the 

Paperwork Reduction Act. The estimate 

is not derived from a comprehensive or 

even a representative survey or study of 

the costs of Commission rules. 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 collections of information 

are necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information has practical utility; (b) the 

accuracy of the Commission’s estimate 

of the burdens of the collections of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burdens of the collections 

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 in writing within 

60 days of this publication. 

Please direct your written comments 

to Pamela Dyson, Acting Chief 

Information Officer, Securities and 

Exchange Commission, c/o Remi PavlikSimon, 100 F Street NE., Washington, 

DC 20549; or send an email to: PRA_

Mailbox@sec.gov. 

Dated: December 16, 2014. 

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–29812 Filed 12–19–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE., Washington, DC 

20549–2736. 

Extension: 

Rule 35d–1. 

OMB Control No. 3235–0548, SEC File No. 

270–491. 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 


tkelley on DSK3SPTVN1PROD with NOTICES
76410 Federal Register / Vol. 79, No. 245 / Monday, December 22, 2014 / Notices 

(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 (‘‘OMB’’) for 

extension and approval. 

Rule 35d–1 (17 CFR 270.35d-1) under 

the Investment Company Act of 1940 

(15 U.S.C. 80a–1 et seq.) defines as 

‘‘materially deceptive and misleading’’ 

for purposes of Section 35(d), among 

other things, a name suggesting that a 

registered investment company or series 

thereof (a ‘‘fund’’) focuses its 

investments in a particular type of 

investment or investments, in 

investments in a particular industry or 

group of industries, or in investments in 

a particular country or geographic 

region, unless, among other things, the 

fund adopts a certain investment policy. 

Rule 35d–1 further requires either that 

the investment policy is fundamental or 

that the fund has adopted a policy to 

provide its shareholders with at least 60 

days prior notice of any change in the 

investment policy (‘‘notice to 

shareholders’’). The rule’s notice to 

shareholders provision is intended to 

ensure that when shareholders purchase 

shares in a fund based, at least in part, 

on its name, and with the expectation 

that it will follow the investment policy 

suggested by that name, they will have 

sufficient time to decide whether to 

redeem their shares in the event that the 

fund decides to pursue a different 

investment policy. 

The Commission estimates that there 

are approximately 11,400 open-end and 

closed-end funds that have names that 

are covered by the rule. The 

Commission estimates that of these 

11,400 funds, approximately 32 will 

provide prior notice to shareholders 

pursuant to a policy adopted in 

accordance with this rule per year. The 

Commission estimates that the annual 

burden associated with the notice to 

shareholders requirement of the rule is 

20 hours per response, for annual total 

of 640 hours per year. 

Estimates of average burden hours are 

made solely for the purposes of the 

Paperwork Reduction Act and are not 

derived from a comprehensive or even 

representative survey or study of the 

costs of Commission rules and forms. 

The collection of information under rule 

35d–1 is mandatory. The information 

provided under rule 35d–1 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 OMB 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 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’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 

in writing within 60 days of this 

publication. 

Please direct your written comments 

to Pamela Dyson, Acting Director/Chief 

Information Officer, Securities and 

Exchange Commission, C/O Remi 

Pavlik-Simon, 100 F Street NE., 

Washington, DC 20549; or send an email 

to: PRA_Mailbox@sec.gov. 

Dated: December 16, 2014. 

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–29811 Filed 12–19–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE., Washington, DC 

20549–2736. 

Extension: 

Rule 19d–2. 

OMB Control No. 3235–0205, SEC File No. 

270–204. 

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’’) is soliciting comments 

on the existing collection of information 

provided for in Rule 19d–2— 

Applications for Stays of Final 

Disciplinary Sanction (17 CFR 240.19d– 

2) under the Securities Exchange Act of 

1943 (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. 

Rule 19d–2 under the Exchange Act 

prescribes the form and content of 

applications to the Commission by 

persons desiring stays of final 

disciplinary sanctions and summary 

action of self-regulatory organizations 

(‘‘SROs’’) for which the Commission is 

the appropriate regulatory agency. 

It is estimated that approximately 

three respondents will utilize this 

application procedure annually, with a 

total burden of nine hours, based upon 

past submissions. The staff estimates 

that the average number of hours 

necessary to comply with the 

requirements of Rule 19d–2 is 3 hours. 

Based on the most recent available 

information, the Commission staff 

estimates that the internal labor cost to 

respondents of complying with the 

requirements of Rule 19d–2 is $990 per 

response. Therefore, the Commission 

staff estimates that the total internal 

labor cost per respondent is $990 (1 

response/respondent/year × $990 cost/

response), for a total annual internal 

labor cost to all respondents of $2,970 

($990 cost/respondent × 3 respondents). 

Written comments are invited on: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’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 

in writing within 60 days of this 

publication. 

The Commission may not conduct or 

sponsor a collection of information 

unless it displays a currently valid 

control number. No person shall be 

subject to any penalty for failing to 

comply with a collection of information 

subject to the PRA that does not display 

a valid Office of Management and 

Budget control number. 

Please direct your written comments 

to: Pamela Dyson, Acting Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Remi PavlikSimon, 100 F Street NE., Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. 

Dated: December 16, 2014. 

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–29810 Filed 12–19–14; 8:45 am] 

BILLING CODE 8011–01–P 


tkelley on DSK3SPTVN1PROD with NOTICES