[Federal Register Volume 84, Number 248 (Friday, December 27, 2019)]
[Notices]
[Page 71519]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-27852]


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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 18f-1 and Form N-18f-1; SEC File No. 270-187, OMB Control 
No. 3235-0211

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 350l-3520), the Securities and Exchange 
Commission (``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.
    Rule 18f-1 (17 CFR 270.18f-1) enables a registered open-end 
management investment company (``fund'') that may redeem its securities 
in-kind, by making a one-time election, to commit to make cash 
redemptions pursuant to certain requirements without violating section 
18(f) of the Investment Company Act of 1940 (15 U.S.C. 80a-18(f)). A 
fund relying on the rule must file Form N-18F-1 (17 CFR 274.51) to 
notify the Commission of this election. The Commission staff estimates 
that 22 funds file Form N-18F-1 annually, and that each response takes 
one hour. Based on these estimates, the total annual burden hours 
associated with the rule is estimated to be 22 hours. The estimated 
burden hours associated with rule 18f-1 and Form 18F-1 have decreased 
by 16 hours from the current allocation of 38 hours. This decrease is 
due to a decrease in the estimated number of investment companies 
filing Form N-18F-1 annually. There is no external cost associated with 
this collection of information.
    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. 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.
    Written comments are invited on: (a) Whether the collection of 
information is necessary for the proper performance of the functions of 
the Commission, including whether the information has 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 in writing within 60 days of this 
publication.
    Please direct your written comments to Charles Riddle, Acting 
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.

    Dated: December 19, 2019.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2019-27852 Filed 12-26-19; 8:45 am]
 BILLING CODE 8011-01-P


