[Federal Register Volume 85, Number 223 (Wednesday, November 18, 2020)]
[Notices]
[Page 73521]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-25353]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-186, OMB Control No. 3235-0186]


Submission 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

Revision:
    Form N-8B-2

    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-8B-2 (17 CFR 274.12) is the form used by unit investment 
trusts (``UITs'') other than separate accounts that are currently 
issuing securities, including UITs that are issuers of periodic payment 
plan certificates and UITs of which a management investment company is 
the sponsor or depositor, 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)). Form N-8B-2 requires disclosure about the 
organization of a UIT, its securities, the personnel and affiliated 
persons of the depositor, the distribution and redemption of 
securities, the trustee or custodian, 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.
    Each registrant subject to the Form N-8B-2 filing requirement files 
Form N-8B-2 for its initial filing and does not file post-effective 
amendments on Form N-8B-2.\1\ The Commission staff estimates that 
approximately one respondent files one Form N-8B-2 filing annually with 
the Commission. Based on form amendments to include formatting and 
hyperlinking requirements to Form N-8B-2 arising from the adoption of 
the FAST Act release,\2\ staff estimates that the burden for compliance 
with Form N-8B-2 is approximately 28 hours per filing.\3\ The total 
hourly burden for the Form N-8B-2 filing requirement therefore is 28 
hours in the aggregate (1 respondent x one filing per respondent x 28 
hours per filing), at an internal cost burden of $9,912, and external 
cost burden of $10,300.
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    \1\ Post-effective amendments are filed with the Commission on 
the UIT's Form S-6. Hence, respondents only file Form N-8B-2 for 
their initial registration statement and not for post-effective 
amendments.
    \2\ FAST Act Modernization and Simplification of Regulation S-K, 
Securities Act Release No. 10618 (March 20, 2019) [84 FR 12674 
(April 2, 2019)].
    \3\ Staff estimates are also adjusted to reflect new disclosures 
for UIT ETFs arising from the adoption of the Exchange-Traded Funds 
release. See Exchange-Traded Funds, Investment Company Act Release 
No. 33646 (Sept. 25, 2019) [84 FR 57162 (Oct. 24, 2019)].
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    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. The 
information provided on Form N-8B-2 is mandatory. The information 
provided on Form N-8B-2 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.
    The public may view the background documentation for this 
information collection at the following website, www.reginfo.gov. 
Comments should be directed to: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503, or by sending an email to: 
Lindsay.M.Abate@omb.eop.gov; and (ii) 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: 
PRA_Mailbox@sec.gov. Written comments and recommendations for the 
proposed information collection should be sent within 30 days of 
publication of this notice to www.reginfo.gov/public/do/PRAMain. Find 
this particular information collection by selecting ``Currently under 
30-day Review--Open for Public Comments'' or by using the search 
function.

    Dated: November 12, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-25353 Filed 11-17-20; 8:45 am]
BILLING CODE 8011-01-P


