Notice2023-01741
Submission for OMB Review; Comment Request; Extension: Rule 18f-1 and Form N-18f-1
Primary source
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Published
January 30, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 19 (Monday, January 30, 2023)</title>
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[Federal Register Volume 88, Number 19 (Monday, January 30, 2023)]
[Notices]
[Page 5952]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-01741]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-187, OMB Control No. 3235-0211]
Submission for OMB Review; Comment Request; Extension: Rule 18f-1
and Form N-18f-1
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. 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 12 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 12 hours. The estimated
burden hours associated with rule 18f-1 and Form 18F-1 have decreased
by 10 hours from the current allocation of 22 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 background documentation for this information
collection at the following website: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
by March 1, 2023 to (i) <a href="/cdn-cgi/l/email-protection#b8f5fae096f7f5fa96f7f1eaf996ebfdfbe7dcddcbd3e7d7deded1dbddcaf8d7d5da96ddd7c896dfd7ce"><span class="__cf_email__" data-cfemail="f3beb1abddbcbeb1ddbcbaa1b2dda0b6b0ac97968098ac9c95959a909681b39c9e91dd969c83dd949c85">[email protected]</span></a> and
(ii) David Bottom, Director/Chief Information Officer, Securities and
Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC
20549, or by sending an email to: <a href="/cdn-cgi/l/email-protection#a3f3f1e2fceec2cacfc1ccdbe3d0c6c08dc4ccd5"><span class="__cf_email__" data-cfemail="e7b7b5a6b8aa868e8b85889fa7948284c9808891">[email protected]</span></a>.
Dated: January 24, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-01741 Filed 1-27-23; 8:45 am]
BILLING CODE 8011-01-P
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