[Federal Register Volume 85, Number 117 (Wednesday, June 17, 2020)]
[Notices]
[Page 36627]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-13069]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-777, OMB Control No. 3235-0729]
Proposed Collection 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:
Form N-CEN
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 for extension and approval.
The title for the collection of information is ``Form N-CEN under
the Investment Company Act of 1940.'' Form N CEN is used to collect
annual, census-type information for registered funds. Filers must
submit this report electronically using the Commission's electronic
filing system ``(EDGAR'') in Extensible Markup Language (``XML'')
format. The purpose of Form N-CEN is to satisfy the filing and
disclosure requirements of Section 30 of the Investment Company Act,
and of rule 30a-1 thereunder.
We estimate that the average annual hour burden to complete the
generally applicable items on Form N-CEN response will be 12.31 hours
per year. We estimate that the aggregate annual hour burden to complete
the generally applicable items will be 34,899 hours per year. We
therefore estimate that filers would have total average annualized
paperwork related expenses related to complete the generally applicable
items of $12,249,496.35 for reports on Form N-CEN. Additionally, we
estimate that filers will be required to file 12,365 responses related
to liquidity risk management items on Form N-CEN. We estimate that the
average annual hour burden of the liquidity risk management items on
Form N-CEN will be one hour per response per year, for an additional
average annual hour burden of 12,365 hours and average aggregate time
costs of $4,340,115. Additionally, we estimate that filers will be
required to file 9,854 responses regarding swing pricing. We estimate
that the average annual hour burden as a result of the swing pricing-
related items on Form N-CEN will be an additional 0.5 hour per fund per
year for an average annual hour burden of 4,927 hours and average
aggregate time costs of $1,729,377. We estimate that filers will be
required to file 2,091 responses regarding rule 6c-11. For these
responses related to rule 6c-11, we an average annual hour burden of
0.1 hour per response per year, for an average annual hour burden of
209.1 hours and average aggregate time costs of $73,394.1.
We estimate that the total hour burdens and time costs associated
with Form N-CEN, including the burdens associated with the liquidity-
related, swing pricing-related, and rule 6c-11-related items, will
result in an average annual hour burden of 52,397 hours and average
aggregate time costs of $18,392,382.45.
The requirements of this collection of information are mandatory.
Responses 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 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 agency, including whether the information will
have practical utility; (b) the accuracy of the agency'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 in writing within 60
days of this publication.
Please direct your written comments to 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].
Dated: June 12, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-13069 Filed 6-16-20; 8:45 am]
BILLING CODE 8011-01-P