Submission for OMB Review; Comment Request, 3458-3459 [2018-01338]
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Federal Register / Vol. 83, No. 17 / Thursday, January 25, 2018 / Notices
6:30 p.m. Panel working Dinner—Closed
Session
STATUS:
February 21, 2018; 8:30 a.m.–6:00 p.m.
08:30 a.m.–10:00 a.m. PI’s present
responses to panel questions
10:00 a.m.–10:30 a.m. Break
10:30 a.m.–3:00 p.m. Panel working
session—Closed Session
Reason for Closing: Topics to be discussed
and evaluated during the site review will
include information of a proprietary or
confidential nature, including technical
information and information on personnel.
These matters are exempt under 5 U.S.C.
552b(c), (4) and (6) of the Government in the
Sunshine Act.
MATTERS TO BE CONSIDERED:
57292 Aircraft Accident Report—
Uncontained Engine Failure and
Subsequent Fire, American Airlines
Flight 383, Boeing 767–323,
N345AN, Chicago, Illinois, October
28, 2016.
NEWS MEDIA CONTACT: Telephone: (202)
314–6100.
The press and public may enter the
NTSB Conference Center one hour prior
to the meeting for set up and seating.
Individuals requesting specific
accommodations should contact
Rochelle McCallister at (202) 314–6305
or by email at Rochelle.McCallister@
ntsb.gov by Wednesday, January 24,
2018.
The public may view the meeting via
a live or archived webcast by accessing
a link under ‘‘News & Events’’ on the
NTSB home page at www.ntsb.gov.
Schedule updates, including weatherrelated cancellations, are also available
at www.ntsb.gov.
FOR MORE INFORMATION CONTACT: Candi
Bing at (202) 314–6403 or by email at
bingc@ntsb.gov.
FOR MEDIA INFORMATION CONTACT: Peter
Knudson at (202) 314–6100 or by email
at peter.knudson@ntsb.gov.
Dated: January 19, 2018.
Suzanne Plimpton,
Acting Committee Management Officer.
[FR Doc. 2018–01325 Filed 1–24–18; 8:45 am]
BILLING CODE 7555–01–P
NATIONAL TRANSPORTATION
SAFETY BOARD
Sunshine Act Meeting Cancellation
The National Transportation Safety
Board has cancelled the Sunshine Act
meeting previously scheduled for
Tuesday, January 23, 2017, at the NTSB
Conference Center, 429 L’Enfant Plaza,
SW, Washington, DC. The matter
scheduled to be considered at the
Sunshine Act meeting concerned
Aircraft Accident Report—Uncontained
Engine Failure and Subsequent Fire,
American Airlines Flight 383, Boeing
767–323, N345AN, Chicago, Illinois,
October 28, 2016. This meeting is
rescheduled for January 30, 2018.
NEWS MEDIA CONTACT: Telephone: (202)
314–6100.
FOR MORE INFORMATION CONTACT: Candi
Bing, (202) 314–6403 or by email at
bingc@ntsb.gov.
[FR Doc. 2018–01423 Filed 1–23–18; 11:15 am]
BILLING CODE 7533–01–P
NATIONAL TRANSPORTATION
SAFETY BOARD
Sunshine Act Meeting
9:30 a.m., Tuesday,
January 30, 2018.
PLACE: NTSB Conference Center, 429
L’Enfant Plaza SW, Washington, DC
20594.
sradovich on DSK3GMQ082PROD with NOTICES
TIME AND DATE:
17:37 Jan 24, 2018
Dated: January 23, 2018.
Candi R. Bing,
Federal Register Liaison Officer.
[FR Doc. 2018–01431 Filed 1–23–18; 11:15 am]
BILLING CODE 7533–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–512, OMB Control No.
3235–0570]
Submission for OMB Review;
Comment Request
Dated: January 23, 2017.
Candi R. Bing,
Federal Register Liaison Officer.
VerDate Sep<11>2014
The one item is open to the
public.
Jkt 244001
Upon Written Request, Copy Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736.
Extension:
Form N–CSR.
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
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Sfmt 4703
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.
The current total annual burden hour
inventory for Form N–CSR is 172,899
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.
The Commission’s new estimate of
burden hours that will be imposed by
Form N–CSR is as follows:
1 44
U.S.C. 3501 et seq.
estimate is based on the following
calculations: 172,899 hours = (11,856 management
investment companies × 14.52 hour burden per
fund per year) + 750 additional hours for closedend funds.
2 This
E:\FR\FM\25JAN1.SGM
25JAN1
Federal Register / Vol. 83, No. 17 / Thursday, January 25, 2018 / Notices
HOUR BURDEN FOR REPORTS ON
FORM N–CSR
Number of funds .......................
Number of filings per fund per
year .......................................
Hour burden per fund per filing
Hour burden per fund per year
(7.31 hours per filing × 2 filings per year) ........................
Additional aggregate annual
burden for closed-end funds
3 11,856
Total annual hour burden ..
5 174,085
2
7.31
14.62
4 750
sradovich on DSK3GMQ082PROD with NOTICES
In total, the Commission estimates it
will take 174,085 burden hours per year
for all funds to prepare and file reports
on Form N–CSR. Based on the
Commission’s estimate of 174,085
burden hours and an estimated wage
rate of approximately $324 per hour,6
the total internal annual cost to
registrants of the hour burden for
complying with Form N–CSR
requirements is approximately $56
million.7
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
3 This estimate is based on the following
calculation: 11,856 management investment
companies = (1,594 exchange-traded funds ¥ eight
organized as unit investment trusts + 750 closedend funds + 481 money market funds + 9,039 other
mutual funds).
4 This estimate is based on the following
calculation: 750 hours = (750 closed-end funds × 1
hour per closed-end fund).
5 This estimate is based on the following
calculation: 174,085 hours = 750 hours + (11,856
funds × 14.62 burden hours per fund per year).
6 The Commission’s estimate concerning the wage
rate is based on salary information for the securities
industry compiled by the Securities Industry and
Financial Markets Association. The estimated wage
figure is based on published rates for compliance
attorneys and senior programmers, modified to
account for an 1,800-hour work year and inflation;
multiplied by 5.35 to account for bonuses, firm size,
employee benefits, and overhead; and adjusted to
account for the effects of inflation, yielding effective
hourly rates of $340 and $308, respectively. See
Securities Industry and Financial Markets
Association, Report on Management & Professional
Earnings in the Securities Industry 2013. We
estimate that compliance attorneys and senior
programmers would divide their time equally,
yielding an estimated hourly wage rate of $324.
($340 per hour for compliance attorneys + $308 per
hour for senior programmers) ÷ 2 = $324 per hour.
7 174,085 hours × $324 per hour = $56,403,540
per year.
VerDate Sep<11>2014
17:37 Jan 24, 2018
Jkt 244001
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,
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: Shagufta_
Ahmed@omb.eop.gov; and (ii) Pamela
Dyson, Director/Chief Information
Officer, Securities and Exchange
Commission, c/o Remi Pavlik-Simon,
100 F Street NE, Washington, DC 20549
or send an email to: PRA_Mailbox@
sec.gov. Comments must be submitted to
OMB within 30 days of this notice.
Dated: January 19, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–01338 Filed 1–24–18; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–173, OMB Control No.
3235–0178]
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 31a–1.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501–3520), 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 31a–1 (17 CFR 270.31a–1) under
the Investment Company Act of 1940
(the ‘‘Act’’) (15 U.S.C. 80a) is entitled
‘‘Records to be maintained by registered
investment companies, certain majorityowned subsidiaries thereof, and other
persons having transactions with
registered investment companies.’’ Rule
31a–1 requires registered investment
companies (‘‘funds’’), and every
underwriter, broker, dealer, or
investment adviser that is a majorityowned subsidiary of a fund, to maintain
and keep current accounts, books, and
other documents which constitute the
record forming the basis for financial
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Fmt 4703
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3459
statements required to be filed pursuant
to section 31 of the Act (15 U.S.C. 80a–
30) and of the auditor’s certificates
relating thereto. The rule lists specific
records to be maintained by funds. The
rule also requires certain underwriters,
brokers, dealers, depositors, and
investment advisers to maintain the
records that they are required to
maintain under federal securities laws.
The Commission periodically inspects
the operations of funds to insure their
compliance with the provisions of the
Act and the rules thereunder. The books
and records required to be maintained
by rule 31a–1 constitute a major focus
of the Commission’s inspection
program.
There are approximately 4029
investment companies registered with
the Commission, all of which are
required to comply with rule 31a–1. For
purposes of determining the burden
imposed by rule 31a–1, the Commission
staff estimates that each fund is divided
into approximately four series, on
average, and that each series is required
to comply with the recordkeeping
requirements of rule 31a–1. Based on
conversations with fund representatives,
it is estimated that rule 31a–1 imposes
an average burden of approximately
1750 hours annually per series for a
total of 7000 annual hours per fund. The
estimated total annual burden for all
4029 funds subject to the rule therefore
is approximately 28,203,000 hours.
Based on conversations with fund
representatives, however, the
Commission staff estimates that even
absent the requirements of rule 31a–1,
90 percent of the records created
pursuant to the rule are the type that
generally would be created as a matter
of normal business practice and to
prepare financial statements. Thus, the
Commission staff estimates that the total
annual burden associated with rule 31a–
1 is 2,820,300 hours.
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. The
collection of information required by
rule 31a–1 is mandatory. Responses will
not be kept confidential. The records
required by rule 31a–1 are required to
be preserved pursuant to rule 31a–2
under the Investment Company Act (17
CFR 270.31a–2). Rule 31a–2 requires
that certain of these records be
preserved permanently, and that others
be preserved six years from the end of
the fiscal year in which any transaction
occurred. In both cases, the records
should be kept in an easily accessible
place for the first two years. An agency
may not conduct or sponsor, and a
E:\FR\FM\25JAN1.SGM
25JAN1
]]>Agencies
[Federal Register Volume 83, Number 17 (Thursday, January 25, 2018)]
[Notices]
[Pages 3458-3459]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-01338]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-512, OMB Control No. 3235-0570]
Submission for OMB Review; Comment Request
Upon Written Request, Copy Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736.
Extension:
Form N-CSR.
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.
---------------------------------------------------------------------------
\1\ 44 U.S.C. 3501 et seq.
---------------------------------------------------------------------------
The current total annual burden hour inventory for Form N-CSR is
172,899 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.
---------------------------------------------------------------------------
\2\ This estimate is based on the following calculations:
172,899 hours = (11,856 management investment companies x 14.52 hour
burden per fund per year) + 750 additional hours for closed-end
funds.
---------------------------------------------------------------------------
The Commission's new estimate of burden hours that will be imposed
by Form N-CSR is as follows:
[[Page 3459]]
Hour Burden for Reports on Form N-CSR
------------------------------------------------------------------------
------------------------------------------------------------------------
Number of funds............................................ \3\ 11,856
Number of filings per fund per year........................ 2
Hour burden per fund per filing............................ 7.31
Hour burden per fund per year (7.31 hours per filing x 2 14.62
filings per year).........................................
Additional aggregate annual burden for closed-end funds.... \4\ 750
------------
Total annual hour burden............................... \5\ 174,085
------------------------------------------------------------------------
In total, the Commission estimates it will take 174,085 burden
hours per year for all funds to prepare and file reports on Form N-CSR.
Based on the Commission's estimate of 174,085 burden hours and an
estimated wage rate of approximately $324 per hour,\6\ the total
internal annual cost to registrants of the hour burden for complying
with Form N-CSR requirements is approximately $56 million.\7\
---------------------------------------------------------------------------
\3\ This estimate is based on the following calculation: 11,856
management investment companies = (1,594 exchange-traded funds -
eight organized as unit investment trusts + 750 closed-end funds +
481 money market funds + 9,039 other mutual funds).
\4\ This estimate is based on the following calculation: 750
hours = (750 closed-end funds x 1 hour per closed-end fund).
\5\ This estimate is based on the following calculation: 174,085
hours = 750 hours + (11,856 funds x 14.62 burden hours per fund per
year).
\6\ The Commission's estimate concerning the wage rate is based
on salary information for the securities industry compiled by the
Securities Industry and Financial Markets Association. The estimated
wage figure is based on published rates for compliance attorneys and
senior programmers, modified to account for an 1,800-hour work year
and inflation; multiplied by 5.35 to account for bonuses, firm size,
employee benefits, and overhead; and adjusted to account for the
effects of inflation, yielding effective hourly rates of $340 and
$308, respectively. See Securities Industry and Financial Markets
Association, Report on Management & Professional Earnings in the
Securities Industry 2013. We estimate that compliance attorneys and
senior programmers would divide their time equally, yielding an
estimated hourly wage rate of $324. ($340 per hour for compliance
attorneys + $308 per hour for senior programmers) / 2 = $324 per
hour.
\7\ 174,085 hours x $324 per hour = $56,403,540 per year.
---------------------------------------------------------------------------
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, 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) Pamela Dyson, Director/Chief
Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 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: January 19, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-01338 Filed 1-24-18; 8:45 am]
BILLING CODE 8011-01-P
