Submission for OMB Review; Comment Request, 76097-76098 [2012-31022]

Download as PDF Federal Register / Vol. 77, No. 247 / Wednesday, December 26, 2012 / Notices FOR FURTHER INFORMATION CONTACT: POSTAL SERVICE Product Change—First-Class Package Service Negotiated Service Agreement Postal ServiceTM. Notice. AGENCY: ACTION: The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule’s Competitive Products List. DATES: Effective date: December 24, 2012. FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202–268–3179. SUPPLEMENTARY INFORMATION: The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on December 17, 2012, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to Add First-Class Package Service Contract 34 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2013–24, CP2013–32. SUMMARY: Stanley F. Mires, Attorney, Legal Policy & Legislative Advice. [FR Doc. 2012–30880 Filed 12–21–12; 8:45 am] BILLING CODE 7710–12–P RECOVERY ACCOUNTABILITY AND TRANSPARENCY BOARD Agency Information Collection Activities: Renewal of Currently Approved Collection; Comment Request Recovery Accountability and Transparency Board. ACTION: Notice and request for comments. AGENCY: The Recovery Accountability and Transparency Board (Board) invites comments on the proposed renewal of a currently approved information collection request (ICR) as required by the Paperwork Reduction Act of 1995 (PRA). DATES: Interested persons are invited to submit comments on or before February 22, 2013. ADDRESSES: Send comments to Atticus Reaser, Office of General Counsel, Recovery Accountability and Transparency Board, 1717 Pennsylvania Avenue NW, Suite 700, Washington, DC 20006. Alternatively, you can email comments to comments@ratb.gov. Please be sure to identify the title of the collection in the subject line. tkelley on DSK3SPTVN1PROD with SUMMARY: VerDate Mar<15>2010 06:31 Dec 22, 2012 Jkt 229001 Atticus Reaser, General Counsel, 202– 254–7900. SUPPLEMENTARY INFORMATION: The PRA and its implementing regulations, 5 CFR part 1320, require federal agencies to provide 60 days notice to the public for comment on information collection activities—including renewals of currently approved ICRs—before seeking approval of such activities by the Office of Management and Budget (OMB). Accordingly, the Board invites interested respondents to comment on the following summary of proposed information collection activities regarding (i) Whether the information collection activities are necessary for the Board to properly execute its functions; (ii) the accuracy of the Board’s estimates of the burden of the information collection activities; (iii) ways for the Board to enhance the quality, utility, and clarity of the information being collected; and (iv) ways for the Board to minimize the burden of information collection activities on the public. The Board is planning to submit the following currently approved ICR to OMB for review and approval of renewal under the PRA: Title of Collection: FederalReporting.gov Recipient Registration System. ICR Reference No.: 200912–0430–001. OMB Control No.: 043–0002. ICR Status: The approval for this ICR is scheduled to expire on 2/28/2013. Description: Section 1512 of the American Recovery and Reinvestment Act of 2009, Public Law 111–5, 123 Stat. 115 (2009) (Recovery Act), requires recipients of Recovery Act funds to report on the use of those funds. These reports are submitted to FederalReporting.gov, and certain information from these reports is then posted to the publically available Web site Recovery.gov. The FederalReporting.gov Recipient Registration System (FRRS) was developed to protect the Board and FederalReporting.gov users from individuals seeking to gain unauthorized access to user accounts on FederalReporting.gov. FRRS is used for the purpose of verifying the identity of the user; allowing users to establish an account on FederalReporting.gov; providing users access to their FederalReporting.gov account for reporting data; allowing users to customize, update, or terminate their accounts with FederalReporting.gov; and renewing or revoking a user’s account on FederalReporting.gov, thereby protecting FederalReporting.gov and FederalReporting.gov users from PO 00000 Frm 00130 Fmt 4703 Sfmt 4703 76097 potential harm caused by individuals with malicious intentions gaining unauthorized access to the system. To assist in this goal, FRRS will collect a registrant’s name, email address, telephone number and extension, three security questions and answers, and, by way of a DUNS number, organization information. The person registering for FederalReporting.gov will generate a self-assigned password that will be stored on the FRRS, but will only be accessible to the registering individual. Affected Public: Private sector, and state, local, and tribal governments. Total Estimated Number of Respondents: 1000. Frequency of Responses: Once. Total Estimated Annual Burden Hours: 83. Dated: December 19, 2012. Atticus Reaser, General Counsel. [FR Doc. 2012–30952 Filed 12–21–12; 8:45 am] BILLING CODE 6820–GA–P SECURITIES AND EXCHANGE COMMISSION Submission for OMB Review; Comment Request Upon Written Request Copies Available From: Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. Extension: Form N–MFP, OMB Control No. 3235– 0657, SEC File No. 270–604. 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 a request for extension of the previously approved collection of information discussed below. Section 30(b) of the Investment Company Act of 1940 [15 U.S.C. 80a30(b)] (‘‘Act’’) provides that ‘‘[e]very registered investment company shall file with the Commission…such information, documents, and reports (other than financial statements), as the Commission may require to keep reasonably current the information and documents contained in the registration statement of such company….’’ Rule 30b1–7 under the Act [17 CFR 270.30b1–7], entitled ‘‘Monthly Report for Money Market Funds,’’ provides that every registered investment company, or series thereof, that is regulated as a money market fund under rule 2a-7 [17 E:\FR\FM\26DEN1.SGM 26DEN1 tkelley on DSK3SPTVN1PROD with 76098 Federal Register / Vol. 77, No. 247 / Wednesday, December 26, 2012 / Notices CFR 270.2a-7] must file with the Commission a monthly report of portfolio holdings on Form N–MFP [17 CFR 274.201] no later than the fifth business day of each month. Form N– MFP sets forth the specific disclosure items that money market funds must provide. The report must be filed electronically using the Commission’s electronic filing system (‘‘EDGAR’’) in eXtensible Markup Language (‘‘XML’’) format. Certain provisions of the rule and form contain ‘‘collection of information’’ requirements. We estimate that 684 money market funds are required by rule 30b1–7 to file, on a monthly basis, a complete report on Form N–MFP disclosing certain information regarding the fund and its portfolio holdings. We further estimate that an additional ten new money market funds will file reports on Form N–MFP each year. For purposes of this Paperwork Reduction Act analysis, the burden associated with the requirements of rule 30b1–7 is included in the collection of information requirements of Form N–MFP, rather than the rule. Based on conversations with industry participants, we estimate that money market funds prepare and file their reports on Form N–MFP by either (1) licensing a software solution and preparing and filing the report in house, or (2) retaining a service provider to provide data aggregation and validation services as part of the preparation and filing of reports on Form N–MFP on behalf of the fund. We estimate that 35% of money market funds (239 funds) license a software solution and file reports on Form N–MFP in house; we further estimate that each fund that files reports on Form N–MFP in house requires an average of approximately 42 burden hours to compile (including review of the information), tag, and electronically file the Form N–MFP for the first time and an average of approximately 8 burden hours for subsequent filings. Therefore, we estimate the per fund average annual hour burden is 96 hours for existing funds and 130 hours for new money market funds. Based on an estimate of 239 existing fund filers and 4 new fund filers each year, we estimate that filing reports on Form N–MFP in house takes 23,464 hours per year. We estimate that 65% of money market funds (445 funds) retain the services of a third party to provide data aggregation and validation services as part of the preparation and filing of reports on Form N–MFP on the fund’s behalf; we further estimate that each fund requires an average of approximately 21 burden hours to VerDate Mar<15>2010 06:31 Dec 22, 2012 Jkt 229001 compile and review the information with the service provider prior to electronically filing the report for the first time and an average of approximately 4 burden hours for subsequent filings. Therefore, we estimate the per fund average annual hour burden is 48 hours for existing funds and 65 hours for new money market funds. Based on an estimate of 445 existing fund filers and 6 new fund filers each year, we estimate that filing reports on Form N–MFP using a service provider takes 21,750 hours per year. In sum, we estimate that filing reports on Form N–MFP imposes a total annual hour burden of 45,214 on all money market funds. In addition to the costs associated with the hours burdens discussed above, money market funds incur other external costs. Based on discussions with industry participants, we estimate that money market funds that file reports on Form N–MFP in house license a third-party software solution to assist in filing their reports at an average cost of $3,360 per fund per year. In addition, we estimate that money market funds that use a service provider to prepare and file reports on Form N– MFP pay an average fee of $8,000 per fund per year. In sum, we estimate that all money market funds incur on average, in the aggregate, external annual costs of $4,424,480.1 This estimate is based on the following calculation: (243 money market funds (239 existing funds + 4 new funds) that file reports on Form N–MFP in house x $3,360 per fund, per year) + (451 money market funds (445 existing funds + 6 new funds) that file reports on Form N– MFP using a service provider x $8,000 per fund, per year) = $4,424,480. The public may view the background documentation for this information collection at the following Web site: https://www.reginfo.gov. Please direct general comments regarding the above information to the following persons: (i) Desk Officer for the Securities and Exchange Commission, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503 or send an email to Shagufta Ahmed at Shagufta_Ahmed@omb.eop.gov; and (ii) Thomas Bayer, Director/CIO, Securities 1 The estimate of burden hours and costs are made solely for the purposes of the Paperwork Reduction Act. The estimates are not derived from a comprehensive or even a representative survey or study of the costs of Commission rules. The collection of information under Form N–MFP is mandatory. The information provided by the form is not 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. PO 00000 Frm 00131 Fmt 4703 Sfmt 4703 and Exchange Commission, c/o Remi Pavlik-Simon, 6432 General Green Way, Alexandria, VA 22312; or send an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: December 18, 2012. Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2012–31022 Filed 12–21–12; 4:15 pm] BILLING CODE 8011–01– SECURITIES AND EXCHANGE COMMISSION [OMB Control No. 3235–0586, SEC File No. 270–522] Submission for OMB Review; Comment Request Upon Written Request Copies Available From: Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. Extension: Rule 38a–1. 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 a request for extension of the previously approved collection of information discussed below. Rule 38a–1 (17 CFR 270.38a–1) under the Investment Company Act of 1940 (15 U.S.C. 80a) (‘‘Investment Company Act’’) is intended to protect investors by fostering better fund compliance with securities laws. The rule requires every registered investment company and business development company (‘‘fund’’) to: (i) Adopt and implement written policies and procedures reasonably designed to prevent violations of the federal securities laws by the fund, including procedures for oversight of compliance by each investment adviser, principal underwriter, administrator, and transfer agent of the fund; (ii) obtain the fund board of directors’ approval of those policies and procedures; (iii) annually review the adequacy of those policies and procedures and the policies and procedures of each investment adviser, principal underwriter, administrator, and transfer agent of the fund, and the effectiveness of their implementation; (iv) designate a chief compliance officer to administer the fund’s policies and procedures and prepare an annual report to the board that addresses certain specified items relating to the policies and procedures; and (v) E:\FR\FM\26DEN1.SGM 26DEN1

Agencies

[Federal Register Volume 77, Number 247 (Wednesday, December 26, 2012)]
[Notices]
[Pages 76097-76098]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-31022]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Form N-MFP, OMB Control No. 3235-0657, SEC File No. 270-604.

    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 a request for extension of the previously 
approved collection of information discussed below.
    Section 30(b) of the Investment Company Act of 1940 [15 U.S.C. 80a-
30(b)] (``Act'') provides that ``[e]very registered investment company 
shall file with the Commission[hellip]such information, documents, and 
reports (other than financial statements), as the Commission may 
require to keep reasonably current the information and documents 
contained in the registration statement of such company[hellip].'' Rule 
30b1-7 under the Act [17 CFR 270.30b1-7], entitled ``Monthly Report for 
Money Market Funds,'' provides that every registered investment 
company, or series thereof, that is regulated as a money market fund 
under rule 2a-7 [17

[[Page 76098]]

CFR 270.2a-7] must file with the Commission a monthly report of 
portfolio holdings on Form N-MFP [17 CFR 274.201] no later than the 
fifth business day of each month. Form N-MFP sets forth the specific 
disclosure items that money market funds must provide. The report must 
be filed electronically using the Commission's electronic filing system 
(``EDGAR'') in eXtensible Markup Language (``XML'') format.
    Certain provisions of the rule and form contain ``collection of 
information'' requirements. We estimate that 684 money market funds are 
required by rule 30b1-7 to file, on a monthly basis, a complete report 
on Form N-MFP disclosing certain information regarding the fund and its 
portfolio holdings. We further estimate that an additional ten new 
money market funds will file reports on Form N-MFP each year. For 
purposes of this Paperwork Reduction Act analysis, the burden 
associated with the requirements of rule 30b1-7 is included in the 
collection of information requirements of Form N-MFP, rather than the 
rule. Based on conversations with industry participants, we estimate 
that money market funds prepare and file their reports on Form N-MFP by 
either (1) licensing a software solution and preparing and filing the 
report in house, or (2) retaining a service provider to provide data 
aggregation and validation services as part of the preparation and 
filing of reports on Form N-MFP on behalf of the fund.
    We estimate that 35% of money market funds (239 funds) license a 
software solution and file reports on Form N-MFP in house; we further 
estimate that each fund that files reports on Form N-MFP in house 
requires an average of approximately 42 burden hours to compile 
(including review of the information), tag, and electronically file the 
Form N-MFP for the first time and an average of approximately 8 burden 
hours for subsequent filings. Therefore, we estimate the per fund 
average annual hour burden is 96 hours for existing funds and 130 hours 
for new money market funds. Based on an estimate of 239 existing fund 
filers and 4 new fund filers each year, we estimate that filing reports 
on Form N-MFP in house takes 23,464 hours per year.
    We estimate that 65% of money market funds (445 funds) retain the 
services of a third party to provide data aggregation and validation 
services as part of the preparation and filing of reports on Form N-MFP 
on the fund's behalf; we further estimate that each fund requires an 
average of approximately 21 burden hours to compile and review the 
information with the service provider prior to electronically filing 
the report for the first time and an average of approximately 4 burden 
hours for subsequent filings. Therefore, we estimate the per fund 
average annual hour burden is 48 hours for existing funds and 65 hours 
for new money market funds. Based on an estimate of 445 existing fund 
filers and 6 new fund filers each year, we estimate that filing reports 
on Form N-MFP using a service provider takes 21,750 hours per year. In 
sum, we estimate that filing reports on Form N-MFP imposes a total 
annual hour burden of 45,214 on all money market funds.
    In addition to the costs associated with the hours burdens 
discussed above, money market funds incur other external costs. Based 
on discussions with industry participants, we estimate that money 
market funds that file reports on Form N-MFP in house license a third-
party software solution to assist in filing their reports at an average 
cost of $3,360 per fund per year. In addition, we estimate that money 
market funds that use a service provider to prepare and file reports on 
Form N-MFP pay an average fee of $8,000 per fund per year. In sum, we 
estimate that all money market funds incur on average, in the 
aggregate, external annual costs of $4,424,480.\1\ This estimate is 
based on the following calculation: (243 money market funds (239 
existing funds + 4 new funds) that file reports on Form N-MFP in house 
x $3,360 per fund, per year) + (451 money market funds (445 existing 
funds + 6 new funds) that file reports on Form N-MFP using a service 
provider x $8,000 per fund, per year) = $4,424,480.
---------------------------------------------------------------------------

    \1\ The estimate of burden hours and costs are made solely for 
the purposes of the Paperwork Reduction Act. The estimates are not 
derived from a comprehensive or even a representative survey or 
study of the costs of Commission rules. The collection of 
information under Form N-MFP is mandatory. The information provided 
by the form is not 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 Web site: https://www.reginfo.gov. Please direct general comments regarding the above 
information to the following persons: (i) Desk Officer for the 
Securities and Exchange Commission, Office of Management and Budget, 
Room 10102, New Executive Office Building, Washington, DC 20503 or send 
an email to Shagufta Ahmed at Shagufta_Ahmed@omb.eop.gov; and (ii) 
Thomas Bayer, Director/CIO, Securities and Exchange Commission, c/o 
Remi Pavlik-Simon, 6432 General Green Way, Alexandria, VA 22312; or 
send an email to: PRA_Mailbox@sec.gov. Comments must be submitted to 
OMB within 30 days of this notice.

    Dated: December 18, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-31022 Filed 12-21-12; 4:15 pm]
BILLING CODE 8011-01-
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