[Federal Register Volume 83, Number 165 (Friday, August 24, 2018)]
[Notices]
[Pages 42948-42949]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-18362]
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SECURITIES AND EXCHANGE COMMISSION
60 Day Notice--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 N-Q, SEC File No. 270-519, OMB Control No. 3235-0578
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.) (``Paperwork Reduction Act''), 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 for extension and approval.
Form N-Q (17 CFR 249.332 and 274.130) is a reporting form used by
registered management investment companies, other than small business
investment companies registered on Form N-5 (``funds''), under Section
30(b) of the Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.)
(``Investment Company Act'') and Sections 13(a) or 15(d) of the
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). Pursuant to
Rule 30b1-5 under the
[[Page 42949]]
Investment Company Act (270 CFR 270.30b1-5), funds are required to file
quarterly reports with the Commission on Form N-Q not more than 60 days
after the close of the first and third quarters of each fiscal year
containing their complete portfolio holdings. Additionally, fund
management is required to evaluate the effectiveness of the fund's
disclosure controls and procedures within the 90-day period prior to
the filing of a report on Form N-Q, and such report must also be signed
and certified by the fund's principal executive and financial officers.
We estimate that there are 11,960 funds required to file reports on
Form N-Q. Based on staff experience and conversations with industry
representatives, we estimate that it takes approximately 26 hours per
fund to prepare reports on Form N-Q annually. Accordingly, we estimate
that the total annual burden associated with Form N Q is 310,960 hours
(26 hours per fund x 11,960 funds) per year.
The 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 cost of
Commission rules and forms. The collection of information under Form N-
Q is mandatory. The information provided by the form is not 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 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, Director/Chief
Information Officer, Securities and Exchange Commission, C/O Candace
Kenner, 100 F Street NE, Washington, DC 20549; or send an email to:
[email protected].
Dated: August 21, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-18362 Filed 8-23-18; 8:45 am]
BILLING CODE 8011-01-P