Submission for OMB Review; Comment Request; Extension: Form N-8F, 95842 [2024-28260]

Download as PDF 95842 Federal Register / Vol. 89, No. 232 / Tuesday, December 3, 2024 / Notices submissions should refer to file number SR–BOX–2024–29 and should be submitted on or before December 24, 2024. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.68 Stephanie J. Fouse, Assistant Secretary. [FR Doc. 2024–28341 Filed 12–2–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–136, OMB Control No. 3235–0157] lotter on DSK11XQN23PROD with NOTICES1 Submission for OMB Review; Comment Request; Extension: Form N–8F 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’’) has submitted to the Office of Management and Budget a request for extension of the previously approved collection of information discussed below. Form N–8F (17 CFR 274.218) is the form prescribed for use by registered investment companies in certain circumstances to request orders of the Commission declaring that the registration of that investment company cease to be in effect. The form requests information about: (i) the investment company’s identity, (ii) the investment company’s distributions, (iii) the investment company’s assets and liabilities, (iv) the events leading to the request to deregister, and (v) the conclusion of the investment company’s business. The information is needed by the Commission to determine whether an order of deregistration is appropriate. The Form takes approximately 5.2 hours on average to complete. It is estimated that approximately 101 investment companies file Form N–8F annually, so the total annual burden for the form is estimated to be approximately 525 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. Commission staff continues to believe 68 17 CFR 200.30–3(a)(12), (59). VerDate Sep<11>2014 17:09 Dec 02, 2024 Jkt 265001 that there is no cost burden for completing and filing Form N–8F. The collection of information on Form N–8F is not mandatory. The information provided on Form N–8F 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 OMB control number. The 30-day public comment period for this information collection request opens on December 4, 2024 and closes on January 3, 2025. The public may view the full information request and submit comments at https:// www.reginfo.gov/public/do/ PRAViewICR?ref_nbr=202408-3235-028 or email comments to MBX.OMB.OIRA.SEC_desk_officer@ omb.eop.gov. Dated: November 26, 2024. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–28260 Filed 12–2–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–261, OMB Control No. 3235–0274] Proposed Collection; Comment Request; Extension: Rule 17Ad–11 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 (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the existing collection of information provided for in Rule 17Ad–11 (17 CFR 240.17Ad–11), under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). The Commission plans to submit this existing collection of information to the Office of Management and Budget (‘‘OMB’’) for extension and approval. Rule 17Ad–11 requires every registered recordkeeping transfer agent to report certain information to issuers and its appropriate regulatory agency in the event that the aggregate market value of an ‘‘aged record difference’’ exceeds certain thresholds. A ‘‘record difference’’ occurs when the number of shares or principal dollar amount of securities in an issuer’s records do not equal those in the master securityholder file as indicated, for instance, on certificates presented to the transfer agent for purchase, redemption, or PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 transfer. An ‘‘aged record difference’’ is a record difference that has existed for more than 30 calendar days. In addition, the rule requires every registered recordkeeping transfer agent to report certain information to issuers and its appropriate regulatory agency concerning buy-ins of all issues for which it acts as recordkeeping transfer agent. Further, the rule requires every registered recordkeeping transfer agent to report to its appropriate regulatory agency when it has failed to post certificate detail to the master securityholder file within five business days of the time required by Rule 17Ad– 10 (17 CFR 240.17Ad–10). Transfer agents must also maintain a copy of any report required under Rule 17Ad–11 for a period of not less than three years following the date of the report, the first year in an easily accessible place. Because the information required by Rule 17Ad–11 is already available to transfer agents, any collection burden for small transfer agents is minimal. Based on a review of the number of Rule 17Ad–11 reports the Commission, the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the ‘‘appropriate regulatory agencies’’) received since 2019, the Commission staff estimates that 8 respondents will file a total of approximately 1 report annually. The Commission staff estimates that, on average, each report can be completed in 30 minutes. Therefore, the total annual time burden for the entire transfer agent industry is approximately .5 hours (0.5 hours × 1 report). Assuming an average hourly rate of $78 for a compliance staff employee at a transfer agent, the average total internal cost of compliance for each report is $39. The total annual internal cost of compliance for the estimated 8 respondents is thus approximately $39 ($39 per report × 1 report). The retention period for the recordkeeping requirement under Rule 17Ad–11 is not less than three years following the date of a report prepared pursuant to the rule. The recordkeeping requirement under Rule 17Ad–11 is mandatory to assist the Commission and other regulatory agencies in monitoring transfer agents who are not performing their functions promptly and accurately. This rule does not involve the collection of confidential information. 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; E:\FR\FM\03DEN1.SGM 03DEN1

Agencies

[Federal Register Volume 89, Number 232 (Tuesday, December 3, 2024)]
[Notices]
[Page 95842]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-28260]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-136, OMB Control No. 3235-0157]


Submission for OMB Review; Comment Request; Extension: Form N-8F

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'') has submitted to the Office of 
Management and Budget a request for extension of the previously 
approved collection of information discussed below.
    Form N-8F (17 CFR 274.218) is the form prescribed for use by 
registered investment companies in certain circumstances to request 
orders of the Commission declaring that the registration of that 
investment company cease to be in effect. The form requests information 
about: (i) the investment company's identity, (ii) the investment 
company's distributions, (iii) the investment company's assets and 
liabilities, (iv) the events leading to the request to deregister, and 
(v) the conclusion of the investment company's business. The 
information is needed by the Commission to determine whether an order 
of deregistration is appropriate.
    The Form takes approximately 5.2 hours on average to complete. It 
is estimated that approximately 101 investment companies file Form N-8F 
annually, so the total annual burden for the form is estimated to be 
approximately 525 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. 
Commission staff continues to believe that there is no cost burden for 
completing and filing Form N-8F.
    The collection of information on Form N-8F is not mandatory. The 
information provided on Form N-8F 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 OMB 
control number.
    The 30-day public comment period for this information collection 
request opens on December 4, 2024 and closes on January 3, 2025. The 
public may view the full information request and submit comments at 
https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202408-3235-028 or 
email comments to [email protected].

    Dated: November 26, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-28260 Filed 12-2-24; 8:45 am]
BILLING CODE 8011-01-P
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