Submission for OMB Review; Comment Request, 73521 [2020-25353]

Download as PDF Federal Register / Vol. 85, No. 223 / Wednesday, November 18, 2020 / Notices DC 20549; or send an email to: PRA_ Mailbox@sec.gov. Dated: November 12, 2020. J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–25351 Filed 11–17–20; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–186, OMB Control No. 3235–0186] 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 khammond on DSKJM1Z7X2PROD with NOTICES Revision: Form N–8B–2 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. Form N–8B–2 (17 CFR 274.12) is the form used by unit investment trusts (‘‘UITs’’) other than separate accounts that are currently issuing securities, including UITs that are issuers of periodic payment plan certificates and UITs of which a management investment company is the sponsor or depositor, to comply with the filing and disclosure requirements imposed by section 8(b) of the Investment Company Act of 1940 (15 U.S.C. 80a–8(b)). Form N–8B–2 requires disclosure about the organization of a UIT, its securities, the personnel and affiliated persons of the depositor, the distribution and redemption of securities, the trustee or custodian, and financial statements. The Commission uses the information provided in the collection of information to determine compliance with section 8(b) of the Investment Company Act. Each registrant subject to the Form N–8B–2 filing requirement files Form N–8B–2 for its initial filing and does not file post-effective amendments on Form N–8B–2.1 The Commission staff estimates that approximately one respondent files one Form N–8B–2 1 Post-effective amendments are filed with the Commission on the UIT’s Form S–6. Hence, respondents only file Form N–8B–2 for their initial registration statement and not for post-effective amendments. VerDate Sep<11>2014 17:59 Nov 17, 2020 Jkt 253001 filing annually with the Commission. Based on form amendments to include formatting and hyperlinking requirements to Form N–8B–2 arising from the adoption of the FAST Act release,2 staff estimates that the burden for compliance with Form N–8B–2 is approximately 28 hours per filing.3 The total hourly burden for the Form N–8B– 2 filing requirement therefore is 28 hours in the aggregate (1 respondent × one filing per respondent × 28 hours per filing), at an internal cost burden of $9,912, and external cost burden of $10,300. Estimates of the burden hours are made solely for the purposes of the PRA and are not derived from a comprehensive or even a representative survey or study of the costs of SEC rules and forms. The information provided on Form N–8B–2 is mandatory. The information provided on Form N–8B–2 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: Lindsay.M.Abate@omb.eop.gov; and (ii) David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549 or send an email to: PRA_ Mailbox@sec.gov. Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. 2 FAST Act Modernization and Simplification of Regulation S–K, Securities Act Release No. 10618 (March 20, 2019) [84 FR 12674 (April 2, 2019)]. 3 Staff estimates are also adjusted to reflect new disclosures for UIT ETFs arising from the adoption of the Exchange-Traded Funds release. See Exchange-Traded Funds, Investment Company Act Release No. 33646 (Sept. 25, 2019) [84 FR 57162 (Oct. 24, 2019)]. PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 73521 Dated: November 12, 2020. J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–25353 Filed 11–17–20; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Proposed Collection; 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 12d2–2 and Form 25 [SEC File No. 270–86, OMB Control No. 3235–0080] Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the collections of information provided for in Rule 12d2–2 (17 CFR 240.12d2–2) and Form 25 (17 CFR 249.25) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). The Commission plans to submit these existing collections of information to the Office of Management and Budget for extension and approval for On February 12, 1935, the Commission adopted Rule 12d2–2 1 and Form 25, under the Securities Exchange Act of 1934 (‘‘Act’’), to establish the conditions and procedures under which a security may be delisted from an exchange and withdrawn from registration under Section 12(b) of the Act.2 The Commission adopted amendments to Rule 12d2–2 and Form 25 in 2005.3 Under the amended Rule 12d2–2, all issuers and national securities exchanges seeking to delist and deregister a security in accordance with the rules of an exchange must file the adopted version of Form 25 with the Commission. The Commission also adopted amendments to Rule 19d–1 under the Act to require exchanges to file the adopted version of Form 25 as notice to the Commission under Section 19(d) of the Act. Finally, the Commission adopted amendments to exempt standardized options and security futures products from Section 12(d) of the Act. These amendments are intended to simplify the paperwork and procedure associated with a delisting 1 See Securities Exchange Act Release No. 98 (February 12, 1935). 2 See Securities Exchange Act Release No. 7011 (February 5, 1963), 28 FR 1506 (February 16, 1963). 3 See Securities Exchange Act Release No. 52029 (July 14, 2005), 70 FR 42456 (July 22, 2005). E:\FR\FM\18NON1.SGM 18NON1

Agencies

[Federal Register Volume 85, Number 223 (Wednesday, November 18, 2020)]
[Notices]
[Page 73521]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-25353]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-186, OMB Control No. 3235-0186]


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

Revision:
    Form N-8B-2

    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.
    Form N-8B-2 (17 CFR 274.12) is the form used by unit investment 
trusts (``UITs'') other than separate accounts that are currently 
issuing securities, including UITs that are issuers of periodic payment 
plan certificates and UITs of which a management investment company is 
the sponsor or depositor, to comply with the filing and disclosure 
requirements imposed by section 8(b) of the Investment Company Act of 
1940 (15 U.S.C. 80a-8(b)). Form N-8B-2 requires disclosure about the 
organization of a UIT, its securities, the personnel and affiliated 
persons of the depositor, the distribution and redemption of 
securities, the trustee or custodian, and financial statements. The 
Commission uses the information provided in the collection of 
information to determine compliance with section 8(b) of the Investment 
Company Act.
    Each registrant subject to the Form N-8B-2 filing requirement files 
Form N-8B-2 for its initial filing and does not file post-effective 
amendments on Form N-8B-2.\1\ The Commission staff estimates that 
approximately one respondent files one Form N-8B-2 filing annually with 
the Commission. Based on form amendments to include formatting and 
hyperlinking requirements to Form N-8B-2 arising from the adoption of 
the FAST Act release,\2\ staff estimates that the burden for compliance 
with Form N-8B-2 is approximately 28 hours per filing.\3\ The total 
hourly burden for the Form N-8B-2 filing requirement therefore is 28 
hours in the aggregate (1 respondent x one filing per respondent x 28 
hours per filing), at an internal cost burden of $9,912, and external 
cost burden of $10,300.
---------------------------------------------------------------------------

    \1\ Post-effective amendments are filed with the Commission on 
the UIT's Form S-6. Hence, respondents only file Form N-8B-2 for 
their initial registration statement and not for post-effective 
amendments.
    \2\ FAST Act Modernization and Simplification of Regulation S-K, 
Securities Act Release No. 10618 (March 20, 2019) [84 FR 12674 
(April 2, 2019)].
    \3\ Staff estimates are also adjusted to reflect new disclosures 
for UIT ETFs arising from the adoption of the Exchange-Traded Funds 
release. See Exchange-Traded Funds, Investment Company Act Release 
No. 33646 (Sept. 25, 2019) [84 FR 57162 (Oct. 24, 2019)].
---------------------------------------------------------------------------

    Estimates of the burden hours are made solely for the purposes of 
the PRA and are not derived from a comprehensive or even a 
representative survey or study of the costs of SEC rules and forms. The 
information provided on Form N-8B-2 is mandatory. The information 
provided on Form N-8B-2 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) David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Cynthia 
Roscoe, 100 F Street NE, Washington, DC 20549 or send an email to: 
[email protected]. Written comments and recommendations for the 
proposed information collection should be sent within 30 days of 
publication of this notice to www.reginfo.gov/public/do/PRAMain. Find 
this particular information collection by selecting ``Currently under 
30-day Review--Open for Public Comments'' or by using the search 
function.

    Dated: November 12, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-25353 Filed 11-17-20; 8:45 am]
BILLING CODE 8011-01-P
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