The Securities and Exchange Commission has requested an extension for the approval of information collection under Form 24F-2, as required by the Paperwork Reduction Act of 1995. This form is used by certain investment funds to report securities sold during a fiscal year and calculate registration fees. The SEC estimates that about 6,794 funds complete this form annually, with an average time burden of four hours per fund. Public comments on this request can be submitted to the Office of Management and Budget or the SEC within 30 days of the notice publication.
Simple Explanation
The Securities and Exchange Commission wants to keep using a form that helps them know how much money some funds make from selling pieces of ownership each year. They think it takes around four hours to fill out this form, and they are asking people to share their thoughts about it.