The Securities and Exchange Commission (SEC) is requesting an extension from the Office of Management and Budget (OMB) for a collection of information related to Form N-8A. This form is used by investment companies to notify the SEC of their registration under the Investment Company Act of 1940. The SEC estimates that around 99 investment companies file this form every year, with a burden of about 99 hours in total time and $55,638 in costs. The SEC invites public comments on this request to assist in improving the process and minimizing the burden for respondents.
Simple Explanation
The SEC wants permission from another agency to keep using a form that helps them know about companies that manage people's money. They're asking people what they think about this plan and how it could be made easier to use.