0001080084-24-000012.txt : 20240529
0001080084-24-000012.hdr.sgml : 20240529
20240529115404
ACCESSION NUMBER: 0001080084-24-000012
CONFORMED SUBMISSION TYPE: 40-17F2
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20240529
DATE AS OF CHANGE: 20240529
EFFECTIVENESS DATE: 20240529
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: BNY Mellon Opportunistic Municipal Securities Fund
CENTRAL INDEX KEY: 0000797923
ORGANIZATION NAME:
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FISCAL YEAR END: 0430
FILING VALUES:
FORM TYPE: 40-17F2
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-04764
FILM NUMBER: 24995827
BUSINESS ADDRESS:
STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC.
STREET 2: 240 GREENWICH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10286
BUSINESS PHONE: 2129226400
MAIL ADDRESS:
STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC.
STREET 2: 240 GREENWICH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10286
FORMER COMPANY:
FORMER CONFORMED NAME: DREYFUS MUNICIPAL BOND OPPORTUNITY FUND
DATE OF NAME CHANGE: 20081201
FORMER COMPANY:
FORMER CONFORMED NAME: DREYFUS PREMIER MUNICIPAL BOND FUND
DATE OF NAME CHANGE: 19970605
FORMER COMPANY:
FORMER CONFORMED NAME: PREMIER MUNICIPAL BOND FUND
DATE OF NAME CHANGE: 19920703
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: BNY Mellon Opportunistic Municipal Securities Fund
CENTRAL INDEX KEY: 0000797923
STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000]
ORGANIZATION NAME:
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FISCAL YEAR END: 0430
FILING VALUES:
FORM TYPE: 40-17F2
BUSINESS ADDRESS:
STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC.
STREET 2: 240 GREENWICH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10286
BUSINESS PHONE: 2129226400
MAIL ADDRESS:
STREET 1: C/O BNY MELLON INVESTMENT ADVISER, INC.
STREET 2: 240 GREENWICH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10286
FORMER COMPANY:
FORMER CONFORMED NAME: DREYFUS MUNICIPAL BOND OPPORTUNITY FUND
DATE OF NAME CHANGE: 20081201
FORMER COMPANY:
FORMER CONFORMED NAME: DREYFUS PREMIER MUNICIPAL BOND FUND
DATE OF NAME CHANGE: 19970605
FORMER COMPANY:
FORMER CONFORMED NAME: PREMIER MUNICIPAL BOND FUND
DATE OF NAME CHANGE: 19920703
40-17F2
1
ckpmb04-16.txt
FEBRUARY 29, 2024 FILING
Independent Accountant's Report
The Board of Trustees of
BNY Mellon Opportunistic Municipal Securities Fund
We have examined management's assertion, included
in the accompanying Report of Management on Compliance
with Certain Provisions of the Investment
Company Act of 1940, that
BNY Mellon Opportunistic Municipal Securities Fund
(the Company)
complied with the requirements of
subsections (b) and (c) of Rule 17f-2 under the Investment
Company Act of 1940 (the Act) as of February 29, 2024.
Management is responsible for its assertion about compliance
with the requirements of subsections (b) and (c) of Rule 17f-2
of the Act (the specified requirements). Our responsibility is
to express an opinion on management's assertion about the Company's
compliance with the specified requirements based on our examination.
Our examination was conducted in accordance with the
attestation standards established by the American Institute
of Certified Public Accountants ("AICPA").
Those standards require that we
plan and perform the examination to obtain reasonable assurance about
whether management's assertion about compliance with the
specified requirements is fairly stated, in all material
respects. An examination involves performing procedures to
obtain evidence about whether management's assertion is
fairly stated, in all material respects. The nature, timing,
and extent of the procedures selected depend on our judgment,
including an assessment of the risks of material misstatement of
management's assertion, whether due to fraud or error.
We believe that the evidence we obtained is sufficient
and appropriate to provide a reasonable basis for our opinion.
We are required to be independent of
BNY Mellon Opportunistic Municipal Securities Fund
and to meet our other ethical responsibilities, as applicable for
examination engagements set forth in the Preface: Applicable
to All Members and Part 1 : Members in Public Practice of the
Code of Professional Conduct established by the AICPA.
Included among our procedures were the
following tests performed as of February 29, 2024 (the examination
date we selected without prior notice to management)
and with respect to agreement of security
purchases and sales or maturities, for the period from
August 1, 2023 (the immediate date after our last examination), through
February 29, 2024:
Confirmation of all securities held by institutions in
book entry form (e.g., the Federal Reserve Bank of Kansas City,
the Depository Trust Company and various sub-custodians);
Confirmation of all securities hypothecated, pledged, placed
in escrow or out for transfer with brokers, pledgees, transfer
agents or securities lending administrators;
Reconciliation of all such securities
to the books and records of the Company and
The Bank of New York Mellon (the Custodian);
Confirmation of all repurchase agreements with brokers/banks
and agreement of underlying collateral with
The Bank of New York Mellon (the Custodian) records, if any; and
Agreement of 5 security purchases and 5 security sales
or maturities, if occurred, since our last report
from the books and records
of the Company to corresponding bank statements.
We believe that our examination provides a reasonable
basis for our opinion. Our examination does not provide
a legal determination on the Company's compliance with
specified requirements.
In our opinion, management's assertion that
BNY Mellon Opportunistic Municipal Securities Fund
complied with the requirements of subsections (b) and (c) of
Rule 17f-2 of the Act as of February 29, 2024,
with respect to securities reflected in the
investment account of the
Company is fairly stated, in all material respects.
This report is intended solely for the information and use of
management and the Board of Trustees of
BNY Mellon Opportunistic Municipal Securities Fund
and the Securities and Exchange Commission and is not
intended to be and should not be
used by anyone other than these specified parties.
/s/ERNST & YOUNG LLP
New York, New York
May 28, 2024
Report of Management on Compliance with
Certain Provisions
of the Investment Company Act of 1940
May 28, 2024
We, as members of management of
BNY Mellon Opportunistic Municipal Securities Fund
(the Company),
are responsible for complying with the
requirements of subsections (b) and (c) of Rule 17f-2,
"Custody of Investments by Registered Management
Investment Companies," of the Investment Company
Act of 1940 ("the Act"). We are also responsible for establishing
and maintaining effective internal controls over compliance
with those requirements. We have performed an
evaluation of the Company's compliance with the
requirements of subsections (b) and (c) of Rule 17f-2
as of February 29, 2024 and from August 1, 2023
through February 29, 2024.
Based on this evaluation, we assert that the Company
was in compliance with the requirements of subsections
(b) and (c) of Rule 17f-2 of the Act
as of February 29, 2024 and from
August 1, 2023 through February 29, 2024, with respect to securities
reflected in the investment account of the Company.
BNY Mellon Opportunistic Municipal Securities Fund
By:
/s/Jim Windels
Jim Windels,
Treasurer
BNY Mellon Investment Adviser, Inc.