[Federal Register Volume 85, Number 42 (Tuesday, March 3, 2020)]
[Notices]
[Page 12634]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-04350]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-187, OMB Control No. 3235-0211]


Submission for OMB Review; 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:
    Rule 18f-1 and Form N-18f-1

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 350l-3520), the Securities and Exchange 
Commission (``Commission'') has submitted to the Office of Management 
and Budget a request for extension of the previously approved 
collection of information discussed below.
    Rule 18f-1 (17 CFR 270.18f-1) enables a registered open-end 
management investment company (``fund'') that may redeem its securities 
in-kind, by making a one-time election, to commit to make cash 
redemptions pursuant to certain requirements without violating section 
18(f) of the Investment Company Act of 1940 (15 U.S.C. 80a-18(f)). A 
fund relying on the rule must file Form N-18F-1 (17 CFR 274.51) to 
notify the Commission of this election. The Commission staff estimates 
that 22 funds file Form N-18F-1 annually, and that each response takes 
one hour. Based on these estimates, the total annual burden hours 
associated with the rule is estimated to be 22 hours. The estimated 
burden hours associated with rule 18f-1 and Form 18F-1 have decreased 
by 16 hours from the current allocation of 38 hours. This decrease is 
due to a decrease in the estimated number of investment companies 
filing Form N-18F-1 annually. There is no external cost associated with 
this collection of information.
    The estimate of average burden hours is made solely for the 
purposes of the Paperwork Reduction Act, and is not derived from a 
comprehensive or even a representative survey or study of the costs of 
Commission rules. The collection of information required by rule 18f-1 
is necessary to obtain the benefits of the rule. 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 control 
number.
    The public may view the background documentation for this 
information collection at the following website, www.reginfo.gov. 
Comments should be directed to: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503, or by sending an email to: 
[email protected]; and (ii) David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Cynthia 
Roscoe, 100 F Street NE, Washington, DC 20549 or send an email to: 
[email protected]. Comments must be submitted to OMB within 30 days 
of this notice.

    Dated: February 27, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-04350 Filed 3-2-20; 8:45 am]
 BILLING CODE 8011-01-P