[Federal Register Volume 83, Number 181 (Tuesday, September 18, 2018)]
[Notices]
[Page 47218]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-20279]
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SECURITIES AND EXCHANGE COMMISSION
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-8A, SEC File No. 270-135, OMB Control No. 3235-0175.
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), 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 (``OMB'') for extension and approval.
The Investment Company Act of 1940 (``Investment Company Act'') (15
U.S.C. 80a-1 et seq.) requires investment companies to register with
the Commission before they conduct any business in interstate commerce.
Section 8(a) of the Investment Company Act provides that an investment
company shall be deemed to be registered upon receipt by the Commission
of a notification of registration in such form as the Commission
prescribes. Form N-8A (17 CFR 274.10) is the form for notification of
registration that the Commission has adopted under section 8(a). The
purpose of such notification of registration provided on Form N-8A is
to notify the Commission of the existence of investment companies
required to be registered under the Investment Company Act and to
enable the Commission to administer the provisions of the Investment
Company Act with respect to those companies. After an investment
company has filed its notification of registration under section 8(a),
the company is then subject to the provisions of the Investment Company
Act which govern certain aspects of its organization and activities,
such as the composition of its board of directors and the issuance of
senior securities. Form N-8A requires an investment company to provide
its name, state of organization, form of organization, classification,
the name and address of each investment adviser of the investment
company, the current value of its total assets, and certain other
information readily available to the investment company. If the
investment company is filing a registration statement as required by
Section 8(b) of the Investment Company Act concurrently with its
notification of registration, Form N-8A requires only that the
registrant file the cover page (giving its name, address, and agent for
service of process) and sign the form in order to effect registration.
Based on recent filings of notifications of registration on Form N-
8A, we estimate that about 96 investment companies file such
notifications each year. An investment company must only file a
notification of registration on Form N-8A once. The currently approved
average hour burden per investment company of preparing and filing a
notification of registration on Form N-8A is one hour. Based on the
Commission staff's experience with the requirements of Form N-8A and
with disclosure documents generally--and considering that investment
companies that are filing notifications of registration on Form N-8A
simultaneously with the registration statement under the Investment
Company Act are only required by Form N-8A to file a signed cover
page--we continue to believe that this estimate is appropriate.
Therefore, we estimate that the total annual hour burden to prepare and
file notifications of registration on Form N-8A is 96 hours. The
currently approved cost burden of Form N-8A is $449. We continue to
believe that this estimate is appropriate. Therefore, we estimate that
the total annual cost burden to associated with preparing and filing
notifications of registration on Form N-8A is about $43,104.
Estimates of average burden hours and costs 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 costs of
Commission rules and forms. Compliance with the collection of
information requirements of Form N-8A is mandatory. Responses to the
collection of information will not be 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 OMB
control number.
Written comments are invited on: (a) Whether the collection of
information is necessary for the proper performance of the functions of
the Commission, including whether the information has practical
utility; (b) the accuracy of the Commission'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: September 12, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-20279 Filed 9-17-18; 8:45 am]
BILLING CODE 8011-01-P