Search Results for keywords:"R. N. Gupta

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Search Results: keywords:"R. N. Gupta

  • Type:Notice
    Citation:89 FR 99319
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) is requesting public comments on the necessity and efficiency of the information collected through Form N-8A, which investment companies use to register under the Investment Company Act of 1940. This form is critical for the SEC's oversight and involves a modest annual time and cost burden on companies. The commission is particularly interested in opinions on the relevance of the information collected, as well as suggestions for reducing the burden of submission through technology. Comments are open until February 10, 2025.

    Simple Explanation

    In this notice, the Securities and Exchange Commission (SEC) asks people for their thoughts on a form that businesses fill out to follow the rules and share important information. They also want ideas on making the form easier to fill out using computers and technology.

  • Type:Rule
    Citation:90 FR 16812
    Reading Time:about 15 minutes

    The Securities and Exchange Commission (SEC) is delaying the effective and compliance dates for changes to Form N-PORT reporting requirements. Originally set to take effect in November 2025, these amendments will now be effective in November 2027 for larger funds and May 2028 for smaller ones. The delay is due to ongoing reviews triggered by a Presidential Memorandum and a related court case. This allows more time for potential adjustments and reduces immediate costs for funds that would need to comply with these updates. The timetable for changes to Form N-CEN remains unchanged, with a compliance date of November 2025.

    Simple Explanation

    The SEC is giving big funds more time until 2027 and smaller ones until 2028 to complete some paperwork they were supposed to finish by 2025; this helps them save money and have more time to prepare. Meanwhile, another form's deadline stays the same in 2025.

  • Type:Notice
    Citation:90 FR 10744
    Reading Time:about 3 minutes

    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.

  • Type:Notice
    Citation:86 FR 8933
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget (OMB) to continue collecting information through Form N-14 under the Paperwork Reduction Act. Form N-14 is used by investment companies and business development companies for registering securities during certain business transactions. The SEC estimates that about 253 filings are made each year, with considerable internal efforts and costs involved in preparing these forms. Amendments to Form N-14 aim to reduce the burden and costs for certain companies by allowing them to incorporate information by reference. Public comments on this information collection are encouraged and can be submitted within 30 days.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants to keep using a special form to help companies share important information when they are working with new partners or getting bigger. They're asking for public thoughts on how this form can be better and easier for companies to fill out.

  • Type:Notice
    Citation:86 FR 7320
    Reading Time:about 5 minutes

    The Securities and Exchange Commission (SEC) is requesting public comments on the necessity and impact of its collection of information through Form N-PX, as part of the requirements under the Paperwork Reduction Act. Form N-PX is used by registered management investment companies to report their proxy voting records annually. The SEC estimates that the cost and time burden for filing this form is approximately $17.66 million and 47,984 hours for all affected funds. They invite written comments on ways to improve or reduce the burden of this data collection within 60 days.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants people to tell them if filling out a form about how investment companies vote is too hard or costs too much money. They think doing this takes a lot of time and money, so they want ideas on how to make it better.

  • Type:Notice
    Citation:86 FR 7918
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget for the collection of information through Form N-6F. This form is used by companies to notify the SEC of their intention to register as a business development company under the Investment Company Act of 1940. The SEC estimates that about four companies file this form each year, with each filing taking approximately 0.5 hours to complete, resulting in a total cost of $736 to the industry annually. The information provided on Form N-6F is mandatory and not confidential, and the public can view related documents on the website www.reginfo.gov.

    Simple Explanation

    The SEC wants permission to keep using a form that helps them know when a company plans to become a special type of investment business. It doesn’t cost much for companies to fill out, and anyone can see the information online.

  • Type:Notice
    Citation:86 FR 3225
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget (OMB) to continue the use of Form N-54C under the Paperwork Reduction Act of 1995. This form allows business development companies to officially notify their withdrawal from being subject to specific regulations. The SEC estimates that around eight companies file this form annually, taking about one hour per submission. The total estimated cost for these filings, including outside professional fees, is about $3,504 annually. The public can view and comment on this information collection online.

    Simple Explanation

    The SEC wants to keep using a form that helps certain companies say, "We don't need to follow these rules anymore," with permission from another group called the OMB. This process might cost businesses a lot of money, and some people think the costs could be too high or out of date.

  • Type:Notice
    Citation:86 FR 7137
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has asked the Office of Management and Budget (OMB) for an extension to collect information related to Rule 30b1-8 and Form N-CR. This rule requires money market funds to report important events to the SEC, which helps them oversee these funds and keep investors informed. The reporting process is estimated to take about 8.5 hours and cost $1018.5 per report, with six reports expected annually. Public comments on this information collection are invited and should be submitted within 30 days of the notice's publication.

    Simple Explanation

    The SEC wants to keep an eye on money market funds by having them tell about important things that happen. They asked another group if they can keep doing this, and they think it takes a bit of time and money to do the reports. They want people to say what they think before a month is up!

  • Type:Notice
    Citation:86 FR 7320
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has requested an extension for the information collection of Form N-54A, which investment companies use to notify the SEC of their election to be regulated as business development companies. This form is mandatory and aims to help the SEC administer specific provisions of the Investment Company Act of 1940. On average, about seven companies file this notification annually, with a total burden of 3.5 hours and an estimated cost of $1,288 to the industry. Public comments on the information collection are invited and can be submitted via the provided contact details.

    Simple Explanation

    The SEC wants to keep using a form that lets certain companies tell them they want to be part of a special group that follows certain rules. This form takes a little bit of time and money to fill out, and people can say what they think about it.

  • Type:Proposed Rule
    Citation:90 FR 12118
    Reading Time:about 17 minutes

    The Coast Guard is proposing to remove a security zone regulation for Rattlesnake, Tampa, FL, because the Chemical Formulators Chlorine Facility there is no longer operating. This change would lift existing restrictions on vessel movement in the area. The public is invited to share their comments on the proposal by April 14, 2025, through the Federal Decision-Making Portal. The proposal aims to update the security measures to reflect current needs, with no significant economic impact expected on small entities.

    Simple Explanation

    The Coast Guard wants to stop the special rules for an area in Tampa, Florida, because there’s no more chemical factory there. Now, boats can go through that area freely, and people can tell the Coast Guard what they think about this change.

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