[Federal Register Volume 83, Number 233 (Tuesday, December 4, 2018)]
[Rules and Regulations]
[Pages 62454-62455]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-26335]
[[Page 62454]]
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SECURITIES AND EXCHANGE COMMISSION
17 CFR Parts 239 and 274
[Release Nos. 33-10577, IC-33308; File Nos. S7-08-15; S7-04-18]
Form N-1A; Correction
AGENCY: Securities and Exchange Commission.
ACTION: Final rule; technical correction.
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SUMMARY: This document makes technical corrections to several
amendments to Form N-1A, which the Commission adopted as part of three
rulemakings: Investment Company Reporting Modernization, which was
published in the Federal Register on November 18, 2016; Optional
Internet Availability of Investment Company Shareholder Reports, which
was published in the Federal Register on June 22, 2018; and Investment
Company Liquidity Disclosure, which was published in the Federal
Register on July 10, 2018. This document is being published to correct
the paragraph designations that appeared in the amendatory instructions
preceding certain of the form amendments that the Commission adopted as
part of each of these rulemakings. This document makes technical
corrections only to the paragraph designations that appear in the
amendatory instructions preceding these form amendments. This document
does not make any substantive changes (i.e., changes except corrections
to typographical errors) to the text of the form amendments themselves.
DATES: Effective December 4, 2018, except:
The revisions to Item 27(d)(3) of Form N-1A are effective
May 1, 2020;
Item 27(d)(7) of Form N-1A (referenced in 17 CFR 239.15A
and 274.11A) is effective January 1, 2019, through December 31, 2021;
and
Item 27(d)(7) is removed effective January 1, 2022.
FOR FURTHER INFORMATION CONTACT: James Maclean, Senior Counsel, or
Amanda Hollander Wagner, Branch Chief, Investment Company Regulation
Office, at (202) 551-6792, Division of Investment Management,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549-8549.
SUPPLEMENTARY INFORMATION: We are making a technical amendment to Item
27 of Form N-1A under 17 CFR 239.15A and 274.11A.
List of Subjects
17 CFR Part 239
Reporting and recordkeeping requirements, Securities.
17 CFR Part 274
Investment companies, Reporting and recordkeeping requirements,
Securities.
Statutory Authority and Text of Amendments
For the reasons set out above, title 17, chapter II of the Code of
Federal Regulations is amended as follows:
PART 239--FORMS PRESCRIBED UNDER THE SECURITIES ACT OF 1933
0
1. The authority citation for part 239 continues to read in part as
follows:
Authority: 15 U.S.C. 77c, 77f, 77g, 77h, 77j, 77s, 77z-2, 77z-3,
77sss, 78c, 78l, 78m,78n, 78o(d), 78o-7 note, 78u-5, 78w(a), 78ll,
78mm, 80a-2(a), 80a-3, 80a-8, 80a-9, 80a-10, 80a-13, 80a-24, 80a-26,
80a-29, 80a-30, and 80a-37; and sec. 107, Pub. L. 112-106, 126 Stat.
312, unless otherwise noted.
* * * * *
PART 274--FORMS PRESCRIBED UNDER THE INVESTMENT COMPANY ACT OF 1940
0
2. The authority citation for part 274 continues to read in part as
follows:
Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 77s, 78c(b), 78l, 78m,
78n, 78o(d), 80a-8, 80a-24, 80a-26, 80a-29, and Pub. L. 111-203,
sec. 939A, 124 Stat. 1376 (2010), unless otherwise noted.
* * * * *
0
3. Form N-1A (referenced in Sec. Sec. 239.15A and 274.11A), Item 27,
is amended by:
0
a. Revising paragraph (d)(3);
0
b. Redesignating paragraph (d)(6) as (d)(6)(i);
0
c. Adding new paragraph (d)(6)(ii);
0
d. Adding paragraph (d)(7); and
0
e. Removing paragraph (d)(7).
The revisions and additions read as follows:
Note: The text of Form N-1A does not, and this amendment will
not, appear in the Code of Federal Regulations.
Form N-1A
* * * * *
Item 27. Financial Statements
* * * * *
(d) * * *
(3) Statement Regarding Availability of Quarterly Portfolio
Schedule. A statement that: (i) The Fund files its complete schedule of
portfolio holdings with the Commission for the first and third quarters
of each fiscal year as an exhibit to its reports on Form N-PORT; (ii)
the Fund's Form N-PORT reports are available on the Commission's
website at http://www.sec.gov; and (iii) if the Fund makes the
information on Form N-PORT available to shareholders on its website or
upon request, a description of how the information may be obtained from
the Fund.
* * * * *
(6) Board Approvals and Liquidity Reviews.
(i) Statement Regarding Basis for Approval of Investment Advisory
Contract. * * *
(ii) Statement Regarding Liquidity Risk Management Program. If the
board of directors reviewed the Fund's liquidity risk management
program pursuant to rule 22e-4(b)(2)(iii) of the Act [17 CFR 270.22e-
4(b)(2)(iii)] during the Fund's most recent fiscal half-year, briefly
discuss the operation and effectiveness of the Fund's liquidity risk
management program over the past year.
Instruction
If the board reviews the liquidity risk management program more
frequently than annually, a fund may choose to include the discussion
of the program's operation and effectiveness over the past year in one
of either the fund's annual or semi-annual reports, but does not need
to include it in both reports.
(7) Front Cover Page or Beginning of Annual and Semi-Annual Report.
Include on the front cover page or at the beginning of the annual or
semi-annual report a statement to the following effect, if applicable:
Beginning on [date], as permitted by regulations adopted by the
Securities and Exchange Commission, paper copies of the Fund's
shareholder reports like this one will no longer be sent by mail,
unless you specifically request paper copies of the reports from the
Fund [or from your financial intermediary, such as a broker-dealer or
bank]. Instead, the reports will be made available on a website, and
you will be notified by mail each time a report is posted and provided
with a website link to access the report.
If you already elected to receive shareholder reports
electronically, you will not be affected by this change and you need
not take any action. You may elect to receive shareholder reports and
other communications from the Fund [or your financial intermediary]
electronically by [insert instructions].
You may elect to receive all future reports in paper free of
charge. You can inform the Fund [or your financial intermediary] that
you wish to continue receiving paper copies of your shareholder reports
by [insert instructions]. Your election to receive reports in paper
will apply to all funds held with [the fund complex/your financial
intermediary].
* * * * *
[[Page 62455]]
Dated: November 29, 2018.
Brent J. Fields,
Secretary.
[FR Doc. 2018-26335 Filed 12-3-18; 8:45 am]
BILLING CODE 8011-01-P