82 FR 43278 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 177 (September 14, 2017)

[Federal Register Volume 82, Number 177 (Thursday, September 14, 2017)]
[Notices]
[Page 43278]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-19509]


-----------------------------------------------------------------------

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 30b1-8 and Form N-CR SEC File No. 270-657, OMB Control No. 
3235-0705

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (``Paperwork Reduction Act'') (44 U.S.C. 3501-3520), the 
Securities and Exchange Commission (the ``Commission'') is soliciting 
comments on the collections 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 30b1-8 under the Act [17 CFR 270.30b1-8], entitled ``Current 
Report for Money Market Funds,'' provides that every registered open-
end management investment company, or series thereof, that is regulated 
as a money market fund under rule 2a-7 [17 CFR 270.2a-7], that 
experiences any of the events specified on Form N-CR [17 CFR 274.222], 
must file with the Commission a current report on Form N-CR within the 
time period specified in that form. The information collection 
requirements for rule 30b1-8 and Form N-CR are designed to assist 
Commission staff in its oversight of money market funds and its ability 
to respond to market events. It also provides investors with better and 
timelier disclosure of potentially important events. Finally, the 
Commission is able to use the information provided on Form N-CR in its 
regulatory, disclosure review, inspection, and policymaking roles. The 
rule imposes a burden per report of approximately 8.5 hours and $840, 
so that the total annual burden for the estimated 37 reports filed per 
year on Form N-CR is 315 hours and $31,080.
    The estimate of average burden hours is made solely for the 
purposes of the Paperwork Reduction Act. The estimate is based on 
communications with industry representatives, and is not derived from a 
comprehensive or even a representative survey or study.
    The collection of information on Form N-CR is mandatory for any 
fund that holds itself out as a money market fund in reliance on rule 
2a-7. 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 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(s) 
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 Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549; or send an email 
to: [email protected].

    Dated: September 11, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-19509 Filed 9-13-17; 8:45 am]
 BILLING CODE 8011-01-P