Search Results for citation:"86 FR 7320"

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Search Results: citation:"86 FR 7320"

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  • 2021-01655 — Submission for OMB Review; Comment Request
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    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.

  • 2021-01667 — Proposed Collection; Comment Request
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    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.