2020-07-27 | 2020-15170

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Securities Offering Reform for Closed-End Investment Companies; Correction

The Securities and Exchange Commission issued a final rule correction to amend technical errors in the registration and offering rules for business development companies and other closed-end investment companies. The agency corrected citations to Form N-2, removed specific instructions, and renumbered subsequent provisions within 17 CFR Parts 230 and 232. These technical amendments ensure the accurate implementation of the Securities Offering Reform originally adopted in Release No. 33-10771.

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(or under a subcontract between the prime contractor of the department, agency, or instrumentality and the person described in paragraph (a) of this section), with the approval of the FAA, or under an exemption issued by the FAA. The FAA will consider requests for approval or exemption in a timely manner, with the order of preference being: First, for those operations in support of U.S. Government-sponsored activities; second, for those operations in support of government-sponsored activities of a foreign country with the support of a U.S. Government department, agency, or instrumentality; and third, for all other operations. (d) Emergency situations. In an emergency that requires immediate decision and action for the safety of the flight, the pilot in command of an aircraft may deviate from this section to the extent required by that emergency. Except for U.S. air carriers and commercial operators that are subject to the requirements of 14 CFR part 119, 121, 125, or 135, each person who deviates from this section must, within 10 days of the deviation, excluding Saturdays, Sundays, and Federal holidays, submit to the responsible Flight Standards Office a complete report of the operations of the aircraft involved in the deviation, including a description of the deviation and the reasons for it. (e) Expiration. This Special Federal Aviation Regulation (SFAR) will remain in effect until March 20, 2023. The FAA may amend, rescind, or extend this SFAR, as necessary. Issued in Washington, DC, under the authority of 49 U.S.C. 106(f) and (g), 40101(d)(1), 40105(b)(1)(A), and 44701(a)(5), on July 1, 2020. Daniel K. Elwell, Deputy Administrator. [FR Doc. 2020–14721 Filed 7–24–20; 8:45 am] BILLING CODE 4910–13–P SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 230 and 232 [Release Nos. 33–10771A; 34–88606A; IC– 33836A; File No. S7–03–19] RIN 3235–AM31 Securities Offering Reform for Closed￾End Investment Companies; Correction AGENCY: Securities and Exchange Commission. ACTION: Final rule; correction. SUMMARY: This document makes technical corrections to amendments to rules that modify the registration, communications, and offering processes for business development companies (‘‘BDCs’’) and other closed-end investment companies adopted in Release No. 33–10771 (April 8, 2020) (‘‘Adopting Release’’), which was published in the Federal Register on June 1, 2020. DATES: Effective August 1, 2020 FOR FURTHER INFORMATION CONTACT: Amy Miller, Senior Counsel, Investment Company Regulation Office, Division of Investment Management, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549. SUPPLEMENTARY INFORMATION: We are making technical amendments to correct §§ 230.497 and 232.405. Specifically, this document amends Instructions 25 and 28 published in the Adopting Release. Instruction 25.a is amended to correct a citation to Form N–2; and Instruction 25.b is removed, with subsequent instructions renumbered accordingly. Instruction 28.b is removed, with subsequent instructions renumbered accordingly; newly￾designated Instruction b is amended to correct an unneeded direction to remove a heading; and newly-redesignated Instruction 28.d is amended to redesignate Note 2 to rule 405 of Regulation S–T as Note 1 to rule 405 of Regulation S–T. ■ In FR doc. 2020–07790, which published in the Federal Register on Monday, June 1, 2020, at 85 FR 33290, the following corrections are made: § 230.497 [Corrected]

  1. On page 33356, in the third column, under ‘‘§ 230.497’’ in Instruction 25.a, ‘‘Remove from paragraphs (c) and (e) the text ‘‘Form N– 2 (§§ 239.14 and 274.11a–1 of this chapter)’’ is corrected to read ‘‘Remove from paragraphs (c) and (e) the text ‘‘§§ 239.14 and 274.11a–1 of this chapter (Form N–2)’’.
  2. On page 33356, in the third column, under ‘‘§ 230.497’’ remove Instruction 25.b.
  3. On page 33356, in the third column, under ‘‘§ 230.497’’ redesignate Instructions 25.c and d as Instructions 25.b and c, respectively. § 232.405 [Corrected]
  4. On page 33357, in the first column, under ‘‘§ 232.405’’ remove Instruction 28.b.
  5. On page 33357, in the first and second columns, under ‘‘§ 232.405’’ redesignate Instructions 28.c, d, and e, as Instructions 28.b, c, and d, respectively.
  6. On page 33357, in the first column, under ‘‘§ 232.405’’ in newly￾redesignated Instruction 28.b, ‘‘Removing the heading and revising the introductory text of paragraph (b)(1)’’ is corrected to read ‘‘Revising the introductory text of paragraph (b)(1)’’.
  7. On page 33357, in the second column, under ‘‘§ 232.405’’ in newly￾redesignated Instruction 28.d, ‘‘Redesignating the note to § 232.405 as note 2 to § 232.405 and revising the last sentence of newly redesignated note 2 to § 232.405’’ is corrected to read ‘‘Redesignating note 2 to § 232.405 as Note 1 to § 232.405 and revising the last sentence of newly redesignated Note 1 to § 232.405 ’’.
  8. On page 33357, in the second column, in ‘‘§ 232.405 Interactive Data File Submissions,’’ the introductory text ‘‘note 2 to this section’’ is corrected to read ‘‘Note 1 to this section’’.
  9. On page 33358, in the second column, in ‘‘§ 232.405 Interactive Data File Submissions,’’ ‘‘Note 2 to § 232.405’’ is corrected to read ‘‘Note 1 to § 232.405’’. Dated: July 9, 2020. Vanessa A. Countryman, Secretary. [FR Doc. 2020–15170 Filed 7–24–20; 8:45 am] BILLING CODE 8011–01–P

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