88 FR 172 pgs. 61655-61656 - Proposed Collection; Comment Request; Extension: Form N-17F-2
Type: NOTICEVolume: 88Number: 172Pages: 61655 - 61656
Pages: 61655, 61656Docket number: [SEC File No. 270-317, OMB Control No. 3235-0360]
FR document: [FR Doc. 2023-19246 Filed 9-6-23; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-317, OMB Control No. 3235-0360]
Proposed Collection; Comment Request; Extension: Form N-17F-2
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. 350l 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.
[top] Form N-17f-2 (17 CFR 274.220) under the Investment Company Act is entitled "Certificate of Accounting of
Commission staff estimates that it takes: (i) on average 1.25 hours of fund accounting personnel at a total cost of $315 to prepare each Form N-17f-2;? 1 and (ii) .75 hours of administrative assistant time at a total cost of $70.50 to file the Form N-17f-2 with the Commission. 2 Approximately 165 funds currently file Form N-17f-2 with the Commission. Commission staff estimates that on average each fund files Form N-17f-2 three times annually for a total annual hourly burden per fund of approximately 6 hours at a total cost of $1,156.50. The total annual hour burden for Form N-17f-2 is therefore estimated to be approximately 990 hours at a total cost of approximately $190,822.50. 3 Form N-17f-2 does not impose any paperwork related cost burdens other than this internal hour cost.
Footnotes:
1 ?This estimate is based on the following calculation: 1.25 × $252 (fund senior accountant's hourly rate) = $315.
2 ?This estimate is based on the following calculation: .75 × $94 (administrative assistant hourly rate) $70.50.
3 ?This estimate is based on the following calculation: 165 funds × $1,156.50 (total annual cost per fund) = $190,822.50.
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 of the costs of Commission rules and forms. Complying with the collections of information required by Form N-17f-2 is mandatory for those funds that maintain custody of their own assets. 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 Commission, including whether the information shall have practical utility; (b) the accuracy of the Commission'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 by November 6, 2023.
An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information under the PRA unless it displays a currently valid OMB control number.
Please direct your written comments to: David Bottom, Acting Director/Chief Information Officer, Securities and Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC 20549 or send an email to: PRA_Mailbox@sec.gov .
Dated: August 31, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-19246 Filed 9-6-23; 8:45 am]
BILLING CODE 8011-01-P