Federal Register / Vol. 82, No. 183 / Friday, September 22, 2017 / Notices 44473 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3Securities Exchange Act Release No. 34–81029 

(June 27, 2017), 82 FR 30931 (July 3, 2017) (SR– 

ICC–2017–008) (‘‘Notice’’). 

4Securities Exchange Act Release No. 34–81413 

(August 17, 2017), 82 FR 40026 

(August 23, 2017) (SR–ICC–2017–008). 

DATES: Comments are encouraged and 

will be accepted until November 21, 

2017. 

ADDRESSES: Interested persons are 

invited to submit written comments on 

the proposed information collection to 

Human Resources Strategy and 

Evaluation Solutions, Office of 

Personnel Management, 1900 E Street 

NW., Washington, DC 20415, Attention: 

Coty Hoover, or via email to 

Organizational_Assessment@opm.gov. 

FOR FURTHER INFORMATION CONTACT: A 

copy of this ICR, with applicable 

supporting documentation, may be 

obtained by contacting Human 

Resources Strategy and Evaluation 

Solutions, Office of Personnel 

Management, 1900 E Street NW., 

Washington, DC 20415, Attention: Coty 

Hoover, or via email to Organizational_

Assessment@opm.gov. 

SUPPLEMENTARY INFORMATION: As 

required by the Paperwork Reduction 

Act of 1995, (Pub. L. 104–13, 44 U.S.C. 

chapter 35) as amended by the ClingerCohen Act (Pub. L. 104–106), OPM is 

soliciting comments for this collection. 

The previous collection (OMB No. 

3206–0236, published in the Federal 

Register on December 26, 2013 at 78 FR 

248) has an emergency clearance 

(published in the Federal Register on 

May 5, 2017 at 82 FR 21273) that 

expires January 31, 2018. Comments are 

particularly invited on: 

1. 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; 

2. Whether our estimate of the public 

burden of this collection is accurate, and 

based on valid assumptions and 

methodology; and 

3. Ways in which we can minimize the 

burden of the collection of information on 

those who are to respond, through the use of 

the appropriate technological collection 

techniques or other forms of information 

technology. 

OPM’s Human Resources Strategy and 

Evaluation Solutions performs 

assessment and related consultation 

activities for Federal agencies on a 

reimbursable basis. The assessment is 

authorized by various statutes and 

regulations: Section 4702 of Title 5, 

U.S.C.; E.O. 12862; E.O. 13715; Section 

1128 of the National Defense 

Authorization Act for Fiscal Year 2004, 

Public Law 108–136; 5 U.S.C. 1101 note, 

1103(a)(5), 1104, 1302, 3301, 3302, 

4702, 7701 note; E.O. 13197, 66 FR 

7853, 3 CFR 748 (2002); E.O. 10577, 12 

FR 1259, 3 CFR, 1954–1958 Comp., p. 

218; and Section 4703 of Title 5, United 

States Code. 

This collection request includes 

surveys we currently use and plan to 

use during the next three years to 

measure agency performance in 

providing services to meet customer 

needs. These surveys consist of Likerttype, mark-one, and mark-all-that-apply 

items, and may include a small number 

of open-ended comment items. 

Administration of OPM’s Customer 

Satisfaction Surveys (OMB No. 3206– 

0236) typically consists of 

approximately 15–20 standard items 

drawn from an item bank of 

approximately 50 items; client agencies 

usually add a small number of custom 

items to assess satisfaction with specific 

products and services. The survey is 

almost always administered 

electronically. 

Analysis 

Agency: Human Resources Strategy 

and Evaluation Solutions, Office of 

Personnel Management. 

Title: Customer Satisfaction Surveys. 

OMB Number: 3206–0236. 

Frequency: On occasion. 

Affected Public: Individuals and 

businesses. 

Number of Respondents: 

Approximately 180,000. 

Estimated Time per Respondent: 7 

minutes. 

Total Burden Hours: 21,000 hours. 

U.S. Office of Personnel Management. 

Kathleen M. McGettigan, 

Acting Director. 

[FR Doc. 2017–20260 Filed 9–21–17; 8:45 am] 

BILLING CODE 6325–43–P 

POSTAL SERVICE 

Temporary Emergency Committee of 

the Board of Governors; Sunshine Act 

Meeting 

DATES AND TIMES: Monday, September 

25, 2017, at 1:00 p.m. 

PLACE: Washington, DC. 

STATUS: Closed. 

MATTERS TO BE CONSIDERED: 

Monday, September 25, 2017, at 1:00 

p.m. 

1. Strategic Issues. 

2. Pricing. 

3. Executive Session—Discussion of 

prior agenda items and Temporary 

Emergency Committee governance. 

GENERAL COUNSEL CERTIFICATION: The 

General Counsel of the United States 

Postal Service has certified that the 

meeting may be closed under the 

Government in the Sunshine Act. 

CONTACT PERSON FOR MORE INFORMATION: 

Julie S. Moore, Secretary of the Board, 

U.S. Postal Service, 475 L’Enfant Plaza 

SW., Washington, DC 20260–1000. 

Telephone: (202) 268–4800. 

Julie S. Moore. 

Secretary. 

[FR Doc. 2017–20394 Filed 9–20–17; 4:15 pm] 

BILLING CODE 7710–12–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81644; File No. SR–ICC– 

2017–008] 

Self-Regulatory Organizations; ICE 

Clear Credit LLC; Order Approving 

Proposed Rule Change Relating to the 

Clearance of Additional Credit Default 

Swap Contracts 

September 18, 2017. 

I. Introduction 

On June 13, 2017, ICE Clear Credit 

LLC (‘‘ICC’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’), pursuant to Section 

19(b)(1) of the Securities Exchange Act 

of 1934 (‘‘Act’’) 1 and Rule 19b–4 

thereunder,2 a proposed rule change to 

revise the ICC Rulebook (the ‘‘Rules’’) in 

order to provide for the clearance of 

additional Standard Emerging Market 

Sovereign CDS contracts (together, ‘‘EM 

Contracts’’). The proposed rule change 

was published for comment in the 

Federal Register on July 3, 2017.3 The 

Commission did not receive comments 

on the proposed rule change. On August 

17, 2017, the Commission designated a 

longer period for Commission action on 

the proposed rule change.4 For the 

reasons discussed below, the 

Commission is approving the proposed 

rule change. 

II. Description of the Proposed Rule 

Change 

The purpose of this rule change is to 

provide the basis for ICC to clear 

additional credit default swap contracts. 

Specifically, ICC has proposed 

amending Subchapter 26D of its Rules 

to provide for the clearance of 

additional EM Contracts by including 

the Kingdom of Saudi Arabia and the 

Republic of Kazakhstan in the list of 

specific Eligible SES Reference Entities 

in Rule 26D–102. ICC represents that 

these additional EM Contracts have 

44474 Federal Register / Vol. 82, No. 183 / Friday, September 22, 2017 / Notices 

5Notice, 82 FR at 30931. 

6 Id. at 30931–32. 

7 15 U.S.C. 78s(b)(2)(C). 

8 15 U.S.C. 78q–1(b)(3)(F). 

9 15 U.S.C. 78q–1. 

10Notice, 82 FR at 30932. 

11 15 U.S.C. 78q–1(b)(3)(F). 

12 15 U.S.C. 78q–1. 

13 15 U.S.C. 78s(b)(2). 

14 In approving the proposed rule change, the 

Commission considered the proposal’s impact on 

efficiency, competition and capital formation. 15 

U.S.C. 78c(f). 

15 17 CFR 200.30–3(a)(12). 

terms consistent with the other EM 

Contracts approved for clearing at ICC 

and governed by Subchapter 26D of the 

Rules.5 ICC has also represented that 

clearing of the additional EM Contracts 

will not require any changes to ICC’s 

Risk Management Framework or other 

policies and procedures constituting 

rules within the meaning of the Act.6

III. Discussion and Commission 

Findings 

Section 19(b)(2)(C) of the Act directs 

the Commission to approve a proposed 

rule change of a self-regulatory 

organization if the Commission finds 

that the proposed rule change is 

consistent with the requirements of the 

Act and the rules and regulations 

thereunder applicable to such selfregulatory organization.7 Section 

17A(b)(3)(F) of the Act 8 requires that, 

among other things, that the rules of a 

clearing agency be designed to promote 

the prompt and accurate clearance and 

settlement of securities transactions 

and, to the extent applicable, derivative 

agreements, contracts, and transactions, 

to assure the safeguarding of securities 

and funds which are in the custody or 

control of the clearing agency or for 

which it is responsible and, in general, 

to protect investors and the public 

interest. 

The Commission finds that the rule 

change is consistent with the 

requirements of Section 17A of the Act 9

and the rules and regulations 

thereunder applicable to ICC. The 

Commission has reviewed the terms and 

conditions of these contracts and has 

determined that they are substantially 

similar to the other contracts listed in 

Subchapter 26D of the ICC Rules, all of 

which ICC currently clears, the key 

difference being that the underlying 

reference obligations will be issuances 

by the Kingdom of Saudi Arabia and the 

Republic of Kazakhstan, the new 

Eligible SES Reference Entities. 

Moreover, the Commission has 

reviewed the Notice and ICC’s Rules, 

policies and procedures, which provide 

that the additional EM Contracts will be 

cleared pursuant to ICC’s existing 

clearing arrangements and related 

financial safeguards, protections and 

risk management procedures.10 In 

addition, the Commission has evaluated 

information submitted by ICC, including 

data on volume, open interest, and the 

number of ICC clearing participants 

(‘‘CPs’’) that currently trade in the 

additional EM Contracts as well as 

certain model parameters for the 

additional EM Contracts. Based on this 

review, the Commission finds that ICC’s 

rules, policies, and procedures are 

reasonably designed to price and 

measure the potential risk presented by 

these products; collect financial 

resources in proportion to such risk; and 

liquidate these products in the event of 

a CP default. Thus, the Commission 

finds that acceptance of the additional 

EM Contracts, on the terms and 

conditions set out in ICC’s Rules, is 

consistent with the prompt and accurate 

clearance of and settlement of securities 

transactions and derivative agreements, 

contracts and transactions cleared by 

ICC, the safeguarding of securities and 

funds in the custody or control of ICC, 

and the protection of investors and the 

public interest, within the meaning of 

Section 17A(b)(3)(F) of the Act.11

IV. Conclusion 

On the basis of the foregoing, the 

Commission finds that the proposal is 

consistent with the requirements of the 

Act and in particular with the 

requirements of Section 17A of the 

Act 12 and the rules and regulations 

thereunder. 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,13 that the 

proposed rule change (File No. SR–ICC– 

2017–008) be, and hereby is, 

approved.14

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.15

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–20203 Filed 9–21–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

32821; File No. 812–14741] 

AQR Funds, et al. 

September 18, 2017. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice. 

Notice of an application for an order 

pursuant to: (a) Section 6(c) of the 

Investment Company Act of 1940 

(‘‘Act’’) granting an exemption from 

sections 18(f) and 21(b) of the Act; (b) 

section 12(d)(1)(J) of the Act granting an 

exemption from section 12(d)(1) of the 

Act; (c) sections 6(c) and 17(b) of the 

Act granting an exemption from sections 

17(a)(1), 17(a)(2) and 17(a)(3) of the Act; 

and (d) section 17(d) of the Act and rule 

17d–1 under the Act to permit certain 

joint arrangements and transactions. 

Applicants request an order that would 

permit certain registered open-end 

management investment companies to 

participate in a joint lending and 

borrowing facility. 

Applicants: AQR Funds (the ‘‘Trust’’), 

registered under the Act as an open-end 

management investment company, and 

AQR Capital Management, LLC 

(‘‘AQR’’), registered as an investment 

adviser under the Investment Advisers 

Act of 1940. 

Filing Dates: The application was 

filed on February 2, 2017 and amended 

on July 6, 2017. 

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 by writing to the 

Commission’s Secretary and serving 

applicants with a copy of the request, 

personally or by mail. Hearing requests 

should be received by the Commission 

by 5:30 p.m. on October 13, 2017 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 

writing to the Commission’s Secretary. 

ADDRESSES: Secretary, U.S. Securities 

and Exchange Commission, 100 F Street 

NE., Washington, DC 20549–1090; 

Applicants: AQR Capital Management, 

LLC, Two Greenwich Plaza, 4th Floor, 

Greenwich, CT 06830. 

FOR FURTHER INFORMATION CONTACT: 

James Maclean, Senior Counsel, at (202) 

551–7794, or Robert Shapiro, Branch 

Chief, at (202) 551–7758 (Division of 

Investment Management, Chief 

Counsel’s Office). 

SUPPLEMENTARY INFORMATION: The 

following is a summary of the 

application. The complete application 

may be obtained via the Commission’s 

Web site by searching for the file 

number, or an applicant using the 

Company name box, at http://