The Securities and Exchange Commission (SEC) has submitted a request to the Office of Management and Budget for an extension to continue using Form N-8F, which investment companies use to request deregistration. The form asks for information about the company's identity, finances, and reasons for deregistration, taking about 5.2 hours to complete. Approximately 101 investment companies file this form annually, resulting in a total of around 525 hours of effort each year. The public can comment on this request from December 4, 2024, to January 3, 2025.
Simple Explanation
The government people want to keep using a special form that helps them know why some companies want to leave a group. This decision needs about 5 hours of work from each company that fills out the form, and everyone can say what they think about it for one month.