Notice2022-05679
Submission for OMB Review; Comment Request; Extension: Form N-CSR
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 17, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 52 (Thursday, March 17, 2022)</title>
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[Federal Register Volume 87, Number 52 (Thursday, March 17, 2022)]
[Notices]
[Pages 15282-15283]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-05679]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-512, OMB Control No. 3235-0570]
Submission for OMB Review; Comment Request; Extension: Form N-CSR
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
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'') has submitted to the Office of
Management and Budget (``OMB'') a request for extension of the
previously approved collection of information discussed below.
Form N-CSR (17 CFR 249.331 and 274.128) is a combined reporting
form used by registered management investment companies (``funds'') to
file certified shareholder reports under the Investment Company Act of
1940 (15 U.S.C. 80a-1 et seq.) (``Investment Company Act'') and the
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange
Act''). Specifically, Form N-CSR is to be used for reports under
section 30(b)(2) of the Investment Company Act (15 U.S.C. 80a-29(b)(2))
and section 13(a) or 15(d) of the Exchange Act (15 U.S.C. 78m(a) and
78o(d)), filed pursuant to rule 30b2-1(a) under the Investment Company
Act (17 CFR 270.30b2-1(a)). Reports on Form N-CSR are to be filed with
the Securities and Exchange Commission (``Commission'') no later than
10 days after the transmission to stockholders of any report that is
required to be transmitted to stockholders under rule 30e-1 under the
Investment Company Act (17 CFR 270.30e-1). The information filed with
the Commission permits the verification of compliance with securities
law requirements and assures the public availability and dissemination
of the information.
The following estimates of average burden hours and costs are made
solely for purposes of the Paperwork Reduction Act of 1995 \1\ and are
not derived from a comprehensive or even representative survey or study
of the cost of Commission rules and forms. Compliance with Form N-CSR
is mandatory. Responses to the collection of information will not be
kept confidential.
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\1\ 44 U.S.C. 3501 et seq.
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The current total annual burden hour inventory for Form N-CSR is
181,167 hours.\2\ The hour burden estimates for preparing and filing
reports on Form N-CSR are based on the Commission's experience with the
contents of the form. The number of burden hours may vary depending on,
among other things, the complexity of the filing and whether
preparation of the reports is performed by internal staff or outside
counsel.
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\2\ This estimate is based on the following calculation: 179,443
(previous burden estimate) + 1,724.5 (additional internal burden) =
181,167.5 hours.
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The Commission's new estimate of burden hours that will be imposed
by Form N-CSR is as follows:
[[Page 15283]]
Table 1--Summary of Revised Burden Hours for Reports on Form N-CSR
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Funds and filings Annual time burden (hours)
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Number of Number of total Hour burden per Total annual
Number of funds annual filings filings fund per filing hour burden
(A) (B) (C) = (A) x (B)(D) (E) = (C) x (D)
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Form N-CSR......................................................... 14,654 \3\ 2 29,308 7.75 227,137
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In total, the Commission estimates it will take 227,137 burden
hours per year for all funds to prepare and file reports on Form N-CSR.
Commission staff estimates that the annual cost of outside services
associated with Form N-CSR is approximately $203 per fund and the total
annual external cost burden for Form N-CSR is $5,949,524.\4\
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\3\ This estimate is based on the number of registered
management companies as calculated by the filing type: 1,403 N-1A
registrants (13,248 funds); 693 N-2 registrants (691 funds); 5 N-3
registrants (14 funds); 417 N-4 registrants (418 funds); 235 N-6
registrants (236 funds); 47 N-8B-2 registrants (47 funds).
\4\ This estimate is based on the following calculation: 14,654
funds x $203 per filing x 2 filings per year = $5,949,524.
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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-CSR 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.
The public may view the background documentation for this
information collection at the following website, <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
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:
<a href="/cdn-cgi/l/email-protection#b6fadfd8d2c5d7cf98fb98f7d4d7c2d3f6d9dbd498d3d9c698d1d9c0"><span class="__cf_email__" data-cfemail="e8a481868c9b8991c6a5c6a98a899c8da887858ac68d8798c68f879e">[email protected]</span></a>; and (ii) David Bottom, Director/Chief
Information Officer, Securities and Exchange Commission, c/o John R.
Pezzullo 100 F Street NE, Washington, DC 20549 or send an email to:
<a href="/cdn-cgi/l/email-protection#a9f9fbe8f6e4c8c0c5cbc6d1e9daccca87cec6df"><span class="__cf_email__" data-cfemail="ce9e9c8f9183afa7a2aca1b68ebdabade0a9a1b8">[email protected]</span></a>. Written comments and recommendations for the
proposed information collection should be sent within 30 days of
publication of this notice April 18, 2022 to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular information collection by selecting
``Currently under 30-day Review--Open for Public Comments'' or by using
the search function.
Dated: March 14, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-05679 Filed 3-16-22; 8:45 am]
BILLING CODE 8011-01-P
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