[Federal Register Volume 87, Number 248 (Wednesday, December 28, 2022)]
[Notices]
[Page 79919]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-28180]



[[Page 79919]]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-180, OMB Control No. 3235-0247]


Proposed Collection; Comment Request; Extension: Form N-8B-4

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 (``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 (``OMB'') for extension and approval.
    Form N-8B-4 (17 CFR 274.14) is the form used by face-amount 
certificate companies 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)). Among other items, Form N-8B-4 requires 
disclosure of the following information about the face-amount 
certificate company: date and form of organization; controlling 
persons; current business and contemplated changes to the company's 
business; investment, borrowing, and lending policies, as well as other 
fundamental policies; securities issued by the company; investment 
adviser; depositaries; management personnel; compensation paid to 
directors, officers, and certain employees; 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 of 1940.
    Form N-8B-4 and the burden of compliance have not changed since the 
last approval. Each registrant files Form N-8B-4 for its initial filing 
and does not file post-effective amendments to Form N-8B-4.\1\ 
Commission staff estimates that no respondents will file Form N-8B-4 
each year. There is currently only one existing face-amount certificate 
company, and no face-amount certificate companies have filed a Form N-
8B-4 in many years. No new face-amount certificate companies have been 
established since the last OMB information collection approval for this 
form, which occurred in 2020. Accordingly, the staff estimates that, 
each year, no face-amount certificate companies will file Form N-8B-4, 
and that the total burden for the information collection is zero hours. 
Although Commission staff estimates that there is no hour burden 
associated with Form N-8B-4, the staff is requesting a burden of one 
hour for administrative purposes. 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.
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    \1\ Pursuant to Section 30(b)(1) of the Act (15 U.S.C. 80a-29), 
each respondent keeps its registration statement current through the 
filing of periodic reports as required by Section 13 of the 
Securities Exchange Act of 1934 (15 U.S.C. 78m) and the rules 
thereunder. Post-effective amendments are filed with the Commission 
on the face-amount certificate company's Form S-1. Hence, 
respondents only file Form N-8B-4 for their initial registration 
statement and not for post-effective amendments.
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    The information provided on Form N-8B-4 is mandatory. The 
information provided on Form N-8B-4 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.
    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 February 27, 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: [email protected].

    Dated: December 21, 2022.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2022-28180 Filed 12-27-22; 8:45 am]
BILLING CODE 8011-01-P


