Notice2024-28875
Proposed Collection; Comment Request; Extension: Form N-8A
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
December 10, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 237 (Tuesday, December 10, 2024)</title>
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[Federal Register Volume 89, Number 237 (Tuesday, December 10, 2024)]
[Notices]
[Pages 99319-99320]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-28875]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-135, OMB Control No. 3235-0175]
Proposed Collection; Comment Request; Extension: Form N-8A
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'') 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
[[Page 99320]]
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 99 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 99 hours. The
currently approved cost burden of Form N-8A is $496. We are updating
the estimated costs burden to $562 to account for the effects of
inflation. Therefore, we estimate that the total annual cost burden
associated with preparing and filing notifications of registration on
Form N-8A is about $55,638.
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 proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have 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 by February 10, 2025.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information under the PRA unless it
displays a currently valid OMB control number.
Please direct your written comments to: Austin Gerig, Director/
Chief Data Officer, Securities and Exchange Commission, c/o Tanya
Ruttenberg, 100 F Street NE, Washington, DC 20549 or send an email to:
<a href="/cdn-cgi/l/email-protection#a0f0f2e1ffedc1c9ccc2cfd8e0d3c5c38ec7cfd6"><span class="__cf_email__" data-cfemail="b2e2e0f3edffd3dbded0ddcaf2c1d7d19cd5ddc4">[email protected]</span></a>.
Dated: December 4, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-28875 Filed 12-9-24; 8:45 am]
BILLING CODE 8011-01-P
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