Federal Register / Vol. 89, No. 222 / Monday, November 18, 2024 / Rules and Regulations 90579 

1 15 U.S.C. 77a et seq. The Securities Act is 

available at https://www.govinfo.gov/content/pkg/ 

COMPS-1884/pdf/COMPS-1884.pdf. 

2Rule 482 is available at https://www.ecfr.gov/ 

current/title-17/chapter-II/part-230#230.482. 

3 15 U.S.C. 80a–1 et seq. Unless otherwise noted, 

all references to statutory sections are to the 

Investment Company Act, and all references to 

rules under the Investment Company Act are to title 

17, part 270 of the Code of Federal Regulations [17 

CFR part 270]. The Investment Company Act is 

available at https://www.govinfo.gov/content/pkg/ 

COMPS-1879/pdf/COMPS-1879.pdf. 

4A reference copy of Form N–1A is available at 

https://www.sec.gov/files/form-n-1a.pdf. 

5A reference copy of Form N–2 is available at 

https://www.sec.gov/files/formn-2.pdf. 

6 15 U.S.C. 78a et seq. The Exchange Act is 

available at https://www.govinfo.gov/content/pkg/ 

COMPS-1885/pdf/COMPS-1885.pdf. 

7A reference copy of Form N–CSR is available at 

https://www.sec.gov/files/formn-csr.pdf. 

8A reference copy of Form N–MFP is available at 

https://www.sec.gov/files/formn-mfp.pdf. 

9 15 U.S.C. 80b–1 et seq. The Investment Advisers 

Act is available at https://www.govinfo.gov/content/ 

pkg/COMPS-1878/pdf/COMPS-1878.pdf. 

10Rule 204–2 is available at https://www.ecfr.gov/ 

current/title-17/chapter-II/part-275/section275.204-2. 

11 17 CFR 200.800 is available at https://

www.ecfr.gov/current/title-17/chapter-II/part-200/ 

subpart-N. 

PART 71—DESIGNATION OF CLASS A, 

B, C, D, AND E AIRSPACE AREAS; AIR 

TRAFFIC SERVICE ROUTES; AND 

REPORTING POINTS 

■ 1. The authority citation for 14 CFR 

part 71 continues to read as follows: 

Authority: 49 U.S.C. 106(f), 106(g), 40103, 

40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR, 

1959–1963 Comp., p.389. 

§ 71.1 [Amended] 

■ 2. The incorporation by reference in 

14 CFR 71.1 of FAA Order JO 7400.11J, 

Airspace Designations and Reporting 

Points, dated July 31, 2024, and 

effective September 15, 2024, is 

amended as follows: 

Paragraph 6005 Class E Airspace Areas 

Extending Upward From 700 Feet or More 

Above the Surface of the Earth. 

* * * * * 

ACE KS E5 Rose Hill, KS [Establish] 

Cook Airfield, KS 

(Lat. 37°33′55′′ N, long. 097°10′29′′ W) 

That airspace extending upward from 700 

feet above the surface within a 6.6-mile 

radius of the Cook Airfield. 

* * * * * 

Issued in Fort Worth, Texas, on November 

12, 2024. 

Martin A. Skinner, 

Acting Manager, Operations Support Group, 

ATO Central Service Center. 

[FR Doc. 2024–26734 Filed 11–15–24; 8:45 am] 

BILLING CODE 4910–13–P 

SECURITIES AND EXCHANGE 

COMMISSION 

17 CFR Parts 200, 230, 274, and 275 

[Release Nos. 33–11325; 34–101540; IA– 

6767; IC–35377] 

Conforming Amendments to 

Commission Rules and Forms 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Final rule. 

SUMMARY: The Securities and Exchange 

Commission (‘‘Commission’’) is 

adopting amendments to correct certain 

errors in various rules and forms under 

the Securities Act of 1933, the Securities 

Exchange Act of 1934, the Investment 

Company Act of 1940, and the 

Investment Advisers Act of 1940. The 

Commission is also amending a rule that 

displays control numbers assigned to 

information collection requirements by 

the Office of Management and Budget 

pursuant to the Paperwork Reduction 

Act. 

DATES: This rule is effective November 

18, 2024. 

FOR FURTHER INFORMATION CONTACT: Greg 

Scopino, Senior Counsel; Blair Burnett, 

Branch Chief; or Brian McLaughlin 

Johnson, Assistant Director, Investment 

Company Regulation Office, at (202) 

551–6792, Division of Investment 

Management, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–8549. 

SUPPLEMENTARY INFORMATION: The 

Commission is amending the following 

rules and forms: 

Commission reference CFR citation 

(17 CFR) 

Securities Act of 1933 (‘‘Securities Act’’) 1 .............................................. Rule 482 2 ...................................... § 230.482. 

Securities Act and Investment Company Act of 1940 (‘‘Act’’ or ‘‘Investment Company Act’’) 3.Form N–1A4 .................................. §§ 239.15A and 274.11A. 

Form N–2 5 .................................... §§ 239.14 and 274.11a–1. 

Securities Exchange Act of 1934 (‘‘Exchange Act’’) 6 and Investment 

Company Act.

Form N–CSR 7 ............................... §§ 249.331 and 274.128. 

Investment Company Act ........................................................................ Form N–MFP8 ............................... § 274.201. 

Investment Advisers Act of 1940 (‘‘Investment Advisers Act’’) 9 ............ Rule 204–2 10 ................................ § 275.204–2. 

OMB control numbers 11 ................ § 200.800. 

Table of Contents 

I. Discussion 

A. Form N–MFP 

B. Rule 482(b)(4) 

C. Form N–1A 

D. Form N–2 

E. Form N–CSR 

F. Rule 204–2(j)(4) 

G. OMB Control Numbers 

II. Procedural and Other matters 

III. Economic Analysis 

A. Form N–MFP 

B. Rule 482(b)(4) 

C. Other Amendments 

IV. Paperwork Reduction Act 

Statutory Authority 

I. Discussion 

The Commission is adopting 

amendments to correct errors in certain 

Commission rules and forms. 

Specifically, the amendments correct 

errors in the formula for calculating 

yield data reported on Form N–MFP, 

which requires money market funds to 

report portfolio and other information to 

the Commission each month. The 

amendments also make conforming 

changes to the risk disclosure statement 

in rule 482, which requires certain 

information to be included in mutual 

fund advertisements and sales literature. 

The amendments also conform certain 

provisions of Form N–1A and Form N– 

2, forms used by open-end management 

investment companies (‘‘open-end 

funds’’) and closed-end funds, 

respectively, to register under the 

Investment Company Act and to offer 

their shares under the Securities Act. 

These amendments reflect recent rule 

changes requiring open-end funds to 

transmit more concise annual and semiannual reports to shareholders. Further, 

the amendments correct outdated crossVerDate Sep<11>2014 16:23 Nov 15, 2024 Jkt 265001 PO 00000 Frm 00033 Fmt 4700 Sfmt 4700 E:\FR\FM\18NOR1.SGM 18NOR1

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12See also infra section I.C (stating that funds 

may include the updates to Item 10(a)(1)(iii) of 

Form N–1A in their next annual prospectus update 

following the adoption of the amendments to Form 

N–1A). 

13See Items A.19 and B.8 of Form N–MFP. 

14See Money Market Fund Reforms; Form PF 

Reporting Requirements for Large Liquidity Fund 

Advisers; Technical Amendments to Form N–CSR 

and Form N–1A, Investment Company Act Release 

No. 34959 (July 12, 2023) [88 FR 51404 (Aug. 3, 

2023)] (‘‘Money Market Fund Reform Adopting 

Release’’), available at https://

www.federalregister.gov/documents/2023/08/03/ 

2023-15124/money-market-fund-reforms-form-pfreporting-requirements-for-large-liquidity-fundadvisers-technical. 

15The yield calculation formula in Items A.19 

and B.8 (by reference to Item 26(a)(1) of Form N– 

1A) includes a scaling factor of 365/7, which 

operates to annualize yields calculated over a 

period of 7 calendar days. Due to the inclusion of 

weekends and holidays, however, 7 business days 

span a longer calendar period than 7 calendar days. 

Accordingly, yields calculated over 7 business days 

but annualized over 7 calendar days would result 

in inflated annual yields. See infra footnote 45. 

16See infra footnote 45 and accompanying text. 

17See Item 26(a) of Form N–1A (requiring money 

market funds to base yield calculations on the 7 

days ended on the date of the most recent balance 

sheet included in the registration statement); Item 

24(a) of Form N–4 (at 17 CFR 239.17b and 274.11c) 

(requiring a prospectus for an account or subaccount that holds itself out as a money market 

account or sub-account to be calculated based on 

the 7 days ended on the date of the most recent 

balance sheet of the registrant included in the 

registration statement); paragraph (e)(1) of 17 CFR 

230.482 (requiring that any quotation of a money 

market fund’s yield in an advertisement be based 

on the methods of computation prescribed in Form 

N–1A or Form N–4); paragraph (b)(1)(ii) of 17 CFR 

270.34b–1 (requiring a money market fund’s sales 

literature that includes any quotation of yield or 

similar quotations purporting to demonstrate the 

income earned or distributions made by the fund 

to be accompanied by a quotation of current yield 

based on the computation method prescribed in 

Form N–1A or Form N–4). 

18See amended rule 482(b)(4). The regulations at 

17 CFR 270.34b–1 (rule 34b–1) cross reference 

paragraph (b)(4) of rule 482, so the amendments 

will update the risk statements that money market 

funds must include in sales literature under rule 

34b–1 as well. For purposes of this release, we use 

the term ‘‘advertisement’’ to include both rule 482 

advertisements and rule 34b–1 sales literature, 

unless otherwise specified. 

19See rule 482(a). 

20See rule 482(b). 

21See Item 4(b)(1)(ii) of Form N–1A. 

22See Revisions to Rules Regulating Money 

Market Funds, Investment Company Act Release 

No. 18005 (Feb. 20, 1991) [56 FR 8113 (Feb. 27, 

1991)], at text accompanying n.88, available at 

https://archives.federalregister.gov/issue_slice/ 

1991/2/27/8112-8130.pdf#page=2; New Disclosure 

Option for Open-End Management Investment 

Companies, Investment Company Act Release No. 

23065 (Mar. 13, 1998) [63 FR 13968 (Mar. 23, 

1998)], at n.72 and accompanying text, available at 

https://www.govinfo.gov/content/pkg/FR-1998-03- 

references and redesignate the 

numbering of certain paragraphs within 

Form N–CSR, a reporting form used by 

funds to file shareholder reports under 

the Investment Company Act and the 

Exchange Act. The amendments also 

correct an erroneous cross-reference in 

rule 204–2, which prescribes 

recordkeeping requirements for 

investment advisers. Finally, the 

amendments insert inadvertently 

omitted Office of Management and 

Budget (‘‘OMB’’) control numbers in 17 

CFR 200.800, which is a rule that 

displays control numbers OMB has 

assigned to existing information 

collection requirements pursuant to the 

Paperwork Reduction Act. 

Although the amendments are 

effective immediately, to the extent that 

registrants need additional time to 

conform to the amendments, they may 

take up to 90 days after the effective 

date to comply.12 Given the nature of 

the amendments, a 90-day compliance 

period gives registrants adequate time to 

review these amendments and, if 

necessary, update their practices to 

reflect the corrections. 

A. Form N–MFP 

The Commission is adopting 

amendments to correct errors in Form 

N–MFP. Money market funds use Form 

N–MFP to report portfolio and other 

information to the Commission each 

month. Among the items required by 

Form N–MFP is the reporting of a 

money market fund’s 7-day annualized 

gross and net yields. The form requires 

money market funds to report 7-day 

gross yield at the series level and 7-day 

net yield at the class level.13 These 

standardized metrics give investors the 

ability to view the yield information of 

a money market fund over a recent time 

period, allowing investors to make 

better informed decisions and, in the 

aggregate, provide the Commission with 

useful data for identifying and 

monitoring trends in the money market 

fund sector. 

In 2023, the Commission adopted a 

rulemaking that changed the frequency 

at which funds are required to report the 

7-day yield information in their 

monthly reports on Form N–MFP to 

require 7-day gross and net yield data 

for each business day of the month 

(instead of only the 7 days ended on the 

last day of the month).14

In making this frequency-related 

change, the phrase ‘‘business days’’ was 

erroneously inserted into the yield 

calculation formula in a way that 

inadvertently altered the calculation 

period from 7 calendar days to 7 

business days. A 7-business day period 

is internally inconsistent with the 

remainder of the yield calculation 

formula, which uses a scaling factor 

intended to annualize yields calculated 

over 7 calendar days. If used with a 7- 

business day period, it would result in 

the reporting of inflated annual yields 

on Form N–MFP.15 Based on a review 

of a sample of recent Form N–MFP 

filings, Commission staff has not 

observed any evidence of an increase in 

reported yield figures relative to yields 

reported in prior periods, suggesting 

that money market funds’ yield 

calculations do not reflect the error.16 In 

addition, in amending Form N–MFP in 

2023, the phrase ‘‘immediately 

preceding’’ was inadvertently inserted 

into the yield calculation formula, such 

that the reporting day would not be 

included in the calculation. The 

amendments correct these errors, 

ensuring that Form N–MFP continues to 

reflect the longstanding method money 

market funds have used to calculate and 

report yield figures (measured over 

seven calendar days) to the Commission 

in Form N–MFP and in other contexts, 

including prospectuses, advertisements, 

and sales literature.17

B. Rule 482(b)(4) 

We are amending rule 482 to correct 

outdated cross-references and conform 

the risk statements that money market 

funds must include in their 

advertisements and sales literature to 

the risk statements that money market 

funds must include in their 

prospectuses.18 Rule 482 applies to 

advertisements or other sales materials 

with respect to securities of an 

investment company registered under 

the Investment Company Act that is 

selling or proposing to sell its securities 

pursuant to a registration statement that 

has been filed under the Investment 

Company Act.19 This rule describes the 

information that is required to be 

included in an advertisement, including 

a disclosure statement that must be used 

on money market fund 

advertisements.20

In the Money Market Fund Reform 

Adopting Release, the Commission 

amended the risk statements that money 

market funds must include in their 

prospectuses to align with the changes 

to money market fund regulations 

adopted in that release (e.g., the removal 

of provisions allowing temporary 

suspensions of redemptions and 

changes to the liquidity fee framework). 

However, rule 482 was not included in 

the amendments and the statements that 

rule 482 currently requires are 

inconsistent with the recently amended 

regulatory framework for money market 

funds.21 Further, the risk statements that 

money market funds were required to 

include in prospectuses and 

advertisements have otherwise always 

been identical and the risk statements 

should not differ based on whether an 

investor is reviewing a prospectus or an 

advertisement.22


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23/pdf/98-7071.pdf; Registration Form Used by 

Open-End Management Investment Companies, 

Investment Company Act Release No. 23064 (Mar. 

13, 1998) [63 FR 13916 (Mar. 23, 1998)], at 

paragraph accompanying n.41, available at https:// 

www.govinfo.gov/content/pkg/FR-1998-03-23/pdf/ 

98-7070.pdf; Money Market Fund Reform; 

Amendments to Form PF, Investment Company Act 

Release No. 31166 (July 23, 2014) [79 FR 47736 

(Aug. 14, 2024)], at section III.E.1.a., available at 

https://www.federalregister.gov/documents/2014/ 

08/14/2014-17747/money-market-fund-reformamendments-to-form-pf. 

23For example, the amendments correct errors in 

cross references to the definitions of government 

money market fund and retail money market fund 

located in 17 CFR 270.2a–7 (rule 2a–7), as well as 

cross references to the location of liquidity fee 

provisions in that rule. 

24See Tailored Shareholder Reports for Mutual 

Funds and Exchange-Traded Funds; Fee 

Information in Investment Company 

Advertisements, Investment Company Act Release 

No. 34731 (Oct. 26, 2022) [87 FR 72758 (Nov. 25, 

2022)] (‘‘Tailored Shareholder Reports Adopting 

Release’’), available at https://

www.federalregister.gov/documents/2022/11/25/ 

2022-23756/tailored-shareholder-reports-formutual-funds-and-exchange-traded-funds-feeinformation-in. 

25See Item 10(a)(1)(iii) of Form N–1A (‘‘Include 

a statement, adjacent to the disclosure required by 

paragraph (a)(1)(ii) of this Item, that a discussion 

regarding the basis for the board of directors 

approving any investment advisory contract of the 

Fund is available in the Fund’s annual or semiannual report to shareholders, as applicable, and 

providing the period covered by the relevant annual 

or semi-annual report.’’). 

26See Form N–CSR Item 11 (Statement Regarding 

Basis for Approval of Investment Advisory 

Contract). 

27As amended, Item 10(a)(1)(iii) will read: 

‘‘Include a statement, adjacent to the disclosure 

required by paragraph (a)(1)(ii) of this Item, that a 

discussion regarding the basis for the board of 

directors approving any investment advisory 

contract of the Fund is available in the Fund’s 

reports filed on Form N–CSR, and providing the 

period covered by the most recent Form N–CSR 

report that includes this discussion.’’ 

28See Item 27A(b)(4) of Form N–1A (shareholder 

report cover page must include a website address 

where additional information about the fund, as 

required under 17 CFR 270.30e–1 (rule 30e–1), is 

available); rule 30e–1(b)(2) under the Investment 

Company Act (content requirements for additional 

information that an open-end fund must make 

available on a website, including the discussion 

regarding the basis for the board’s approval of the 

advisory contract). 

29See Tailored Shareholder Reports Adopting 

Release at amendatory instruction 17.g. 

30Listing Standards for Recovery of Erroneously 

Awarded Compensation, Investment Company Act 

Release No. 34732 (Oct. 26, 2022) [87 FR 73076 

(Nov. 28, 2022)] (‘‘Recovery of Erroneously 

Awarded Compensation Adopting Release’’), 

available at https://www.federalregister.gov/ 

documents/2022/11/28/2022-23757/listingstandards-for-recovery-of-erroneously-awardedcompensation. 

31These references appear in paragraphs (c) and 

(f) of Item 2. 

32See instruction to paragraph (b) of Item 16 of 

Form N–CSR (‘‘Until the date that the registrant has 

filed its first report on Form N–PORT (17 CFR 

270.150), the registrant’s disclosures required by 

this Item are limited to any change in the 

registrant’s internal control over financial reporting 

that occurred during the registrant’s last fiscal 

quarter that has materially affected, or is reasonably 

likely to materially affect, the registrant’s internal 

control over financial reporting.’’); see also 

instruction to paragraph (a)(3) of Item 19 on Form 

N–CSR (‘‘Until the date that the registrant has filed 

its first report on Form N–PORT (17 CFR 270.150), 

in the certification required by Item 18(a)(3), the 

registrant’s certifying officers must certify that they 

have disclosed in the report any change in the 

registrant’s internal control over financial reporting 

that occurred during the registrant’s most recent 

fiscal quarter that has materially affected, or is 

reasonably likely to materially affect, the 

registrant’s internal control over financial 

reporting.’’). 

As a result, rule 482 includes 

outdated references to concepts that 

have been removed or significantly 

modified in underlying money market 

fund regulations (e.g., allowing 

temporary suspensions of redemptions). 

The amendments to rule 482 would 

correct this error, make certain other 

conforming edits to further align the 

language of the risk statements with the 

risk statements that money market funds 

must include in their prospectuses, and 

correct inaccurate cross references to 

money market fund rules.23

C. Form N–1A 

We are amending a provision of Form 

N–1A to correct a cross reference, 

reflecting changes made in the Tailored 

Shareholder Reports Adopting 

Release.24 Specifically, we are 

amending Item 10(a)(1)(iii) of Form N– 

1A. This item requires open-end funds 

to include prospectus disclosure stating 

that a discussion regarding the basis for 

the board of directors approving any 

advisory contract of the fund is 

available in the fund’s annual or semiannual report to shareholders, as 

applicable.25 In the Tailored 

Shareholder Reports Adopting Release, 

however, the Commission adopted 

amendments requiring discussion 

regarding the basis for the board’s 

approval of the advisory contract to be 

included on Form N–CSR rather than in 

the annual or semi-annual report.26 We 

are accordingly amending Item 

10(a)(1)(iii) to reference that this 

disclosure now appears in the fund’s 

reports on Form N–CSR.27 Because this 

change simply updates a cross 

reference, funds may include the 

updated language in their next annual 

prospectus update following the 

adoption of the amendments to Form N– 

1A and we anticipate funds would 

update this disclosure at that time. In 

the interim period before funds make 

this update, an investor who wants to 

review the discussion regarding the 

basis for the board’s approval of the 

advisory contract would look in the 

fund’s shareholder report (which is 

referenced in the current prospectus 

disclosure requirement).28 While this 

discussion will no longer appear in the 

fund’s shareholder report, the report 

will include a link to additional 

information about the fund, which 

includes the discussion regarding the 

basis for the board’s approval of the 

advisory contract. 

D. Form N–2 

We are amending Instruction 8.a to 

Item 24 of Form N–2 to correct a crossreference to a provision of Form N–CSR 

that became outdated when the 

Commission adopted amendments to 

Form N–CSR in the Tailored 

Shareholder Reports Adopting Release. 

Instruction 8.a refers to Item 7 of Form 

N–CSR (‘‘Disclosure of Proxy Voting 

Policies and Procedures for Closed-End 

Management Investment Companies’’), 

which was redesignated as Item 12 (but 

not otherwise changed) in the Tailored 

Shareholder Reports Adopting 

Release.29 We are therefore amending 

the reference in Item 7 in Instruction 8.a 

to refer instead to Item 12. 

E. Form N–CSR 

We are amending Items 2, 16, and 19 

of Form N–CSR to correct outdated 

cross-references, remove unnecessary 

instructions, and redesignate the 

numbering of certain paragraphs. In the 

Recovery of Erroneously Awarded 

Compensation Adopting Release, the 

Commission added a new Item 18 

(‘‘Recovery of Erroneously Awarded 

Compensation’’) to Form N–CSR and 

redesignated then-current Item 18 

(‘‘Exhibits’’) as Item 19.30 References in 

Item 2 of Form N–CSR, however, 

erroneously still refer to Item 18.31 We 

are therefore amending Item 2 to refer to 

Item 19 instead of Item 18. 

In the Recovery of Erroneously 

Awarded Compensation Adopting 

Release, the Commission also added 

new paragraph (a)(2) to newly 

designated Item 19 (‘‘Exhibits’’) and 

redesignated paragraph (a)(2) of newly 

redesignated Item 19 as paragraph (a)(3). 

Subsequent paragraphs were not 

renumbered, however, resulting in two 

paragraphs designated (a)(3). The 

amendments would correct this error by 

redesignating existing paragraphs (a)(3) 

and (a)(4) of newly redesignated Item 19 

as paragraphs (a)(4) and (a)(5). We are 

also correcting the title for the 

instructions to Item 19, which currently 

erroneously references Item 13. In 

addition, we are removing the 

instruction to paragraph (b) of Item 16 

and the instruction to paragraph (a)(3) of 

Item 19 on Form N–CSR.32 These 

instructions were included in Form N– 

CSR pursuant to the 2016 investment 

company reporting modernization 


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33See Investment Company Reporting 

Modernization, Investment Company Act Release 

No. 32314 (Oct. 13, 2016) [81 FR 81870 (Nov. 18, 

2016)], available at https://www.federalregister.gov/ 

documents/2016/11/18/2016-25349/investmentcompany-reporting-modernization. 

34 5 U.S.C. 553(b)–(c). 

35 5 U.S.C. 553(b)(3)(B). 

36See 5 U.S.C. 553(b). 

37See 5 U.S.C. 553(d). 

38See 5 U.S.C. 808(2), allowing the rule 

amendments to become effective notwithstanding 

the requirement of 5 U.S.C. 801 (if a Federal agency 

finds that notice and public comment are 

impractical, unnecessary, or contrary to the public 

interest, a rule shall take effect at such time as the 

Federal agency promulgating the rule determines). 

39See 5 U.S.C. 604(a) (requiring a final regulatory 

flexibility analysis only for rules required by the 

APA or other law to undergo notice and comment). 

40Section 2(a) of the Securities Act, section 3(f) 

of the Exchange Act, section 2(c) of the Investment 

Company Act, and section 202(c) of the Investment 

Advisers Act require us, when engaging in 

rulemaking that requires us to consider or 

determine whether an action is necessary or 

appropriate in or consistent with the public 

interest, to consider, in addition to the protection 

of investors, whether the action will promote 

efficiency, competition, and capital formation. 

Section 23(a)(2) of the Exchange Act also requires 

us to consider the effect that the rules will have on 

competition and prohibits us from adopting any 

rule that would impose a burden on competition 

not necessary or appropriate in furtherance of the 

Exchange Act. 

41See supra section II. 

42See Form N–MFP Item A.19 for instructions on 

the calculation of 7-day gross yields at the series 

level, and Item B.8 for instructions on the 

calculation of 7-day net yields at the class level. 

43The change directed the yield calculations to be 

based on the 7 business days preceding the date for 

which the yield is reported, instead of the 7 

calendar days ended on (and including) that date. 

See supra section I.A. 

44See supra section I. 

45The scaling factor of 365/7 provided in the 

instructions to Item A.19 and B.8 (by reference to 

Item 26(a)(1) of Form N–1A) appropriately 

annualizes yields calculated over a period of 7 

calendar days, but is inconsistent with the longer 

period of 7 business days as erroneously amended. 

Specifically, because 7 business days encompasses 

a longer period than 7 calendar days, a fund that 

rulemaking to address how registrants 

should handle certain disclosures 

during the transition period before all 

registered management investment 

companies were required to file Form 

N–PORT.33 These instructions are 

unnecessary as all registered 

management investment companies are 

currently required to file Form N–PORT 

(i.e., the transition period for reporting 

on Form N–PORT has concluded). 

F. Rule 204–2(j)(4) 

We are amending rule 204–2 under 

the Investment Advisers Act to correct 

an erroneous cross reference. The 

corrected cross reference in rule 204– 

2(j)(4) will refer to 17 CFR 270.0–2(b)(2) 

(rule 0–2(b)(2)) for the definition of nonresident investment adviser (and not 

rule 0–2(d)(3) under the Investment 

Advisers Act, which does not exist). 

G. OMB Control Numbers 

Finally, we are amending 17 CFR 

200.800 to display control numbers 

OMB has assigned to certain existing 

information collection requirements 

pursuant to the Paperwork Reduction 

Act that mistakenly were not previously 

listed in that rule. 

II. Procedural and Other Matters 

The Administrative Procedure Act 

(‘‘APA’’) generally requires an agency to 

publish notice of a rulemaking in the 

Federal Register and provide an 

opportunity for public comment.34 This 

requirement does not apply, however, if 

the agency ‘‘for good cause, finds . . . 

that notice and public procedure 

thereon are impracticable, unnecessary, 

or contrary to the public interest.’’ 35

Given the nature of the amendments 

and the associated minimal exercise of 

discretion, the Commission finds that 

notice and public comment are 

unnecessary and that there is good 

cause to implement these amendments 

in a final rule. 

The amendments to Form N–MFP 

correct inadvertent errors that created 

an inconsistency in the yield calculation 

formula and represented a departure 

from the longstanding method money 

market funds have used to calculate and 

report yield figures to the Commission. 

The amendments to rule 482 conform 

the required risk disclosure to the 

recently amended regulatory framework 

for money market funds. The 

amendments to Form N–1A, Form N–2, 

Form N–CSR, and rule 204–2 are 

ministerial in nature. They update 

incorrect or outdated cross references, 

redesignate the numbering of certain 

paragraphs, or remove outdated 

information. Accordingly, we find good 

cause that publishing the amendments 

to Form N–MFP, rule 482, Form N–1A, 

Form N–2, Form N–CSR, and rule 204– 

2 for comment is unnecessary. The APA 

also provides that notice of proposed 

rulemaking is not required for ‘‘rules of 

agency organization, procedure, or 

practice.’’ 36 The amendments to 17 CFR 

200.800 pertain to agency organization, 

procedure, or practice, and therefore are 

not subject to the APA’s requirement for 

advance notice and opportunity for 

public comment prior to publication. 

The APA generally requires 

publication of a rule at least 30 days 

before its effective date. This 

requirement does not apply, however, if 

the agency finds good cause for making 

the rule effective sooner.37 For the same 

reasons we are forgoing notice and 

comment, we find good cause to make 

the amendments effective upon 

publication in the Federal Register. 

This finding that notice and public 

comment are unnecessary also satisfies 

the requirements of the Congressional 

Review Act, allowing the amendments 

to become effective at such time that the 

Commission determines.38 Pursuant to 

the Congressional Review Act, the 

Office of Information and Regulatory 

Affairs has designated these 

amendments not a ‘‘major rule,’’ as 

defined by 5 U.S.C. 804(2). The 

amendments also do not require 

analysis under the Regulatory 

Flexibility Act.39

III. Economic Analysis 

As discussed above, these 

amendments correct errors in certain 

Commission rules and forms. The 

Commission is mindful of the economic 

effects, including the benefits and costs, 

of the adopted amendments. The 

analysis below addresses the likely 

economic effects of the amendments, 

including the anticipated and estimated 

benefits and costs of the amendments 

and their likely effects on efficiency, 

competition, and capital formation.40

We analyze these effects against a 

baseline that consists of the current 

regulatory framework and current 

market practices. 

The amendments we are adopting are 

limited in nature.41 Therefore, many of 

the economic effects will be minimal or 

null. Where we are unable to quantify 

those economic effects that may exist, 

we explain why they are impracticable 

to quantify and we discuss them in 

qualitative terms. Given the nature of 

the benefits and the minimal costs 

expected to result from these 

amendments, we do not anticipate any 

changes to efficiency, competition, or 

capital formation will result from these 

amendments. 

A. Form N–MFP 

Baseline. Money market funds report 

their gross and net yields using public 

Form N–MFP filings.42 The instructions 

accompanying these yields’ calculations 

were inadvertently changed in a 2023 

rulemaking.43 The amendments to Form 

N–MFP correct this error.44

We estimate that this amendment to 

Form N–MFP will apply to 291 money 

market funds registered with the 

Commission as of December 31, 2023. 

Commission staff have not observed 

evidence of reported yield changes that 

would be expected if money market 

funds had fully implemented the 

erroneous instructions in their 

calculations of 7-day annualized gross 

and net yields.45


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annualizes its yields using a scaling factor of 365/ 

7 would overstate its annual yields relative to those 

yields reported prior to the June 11, 2024, 

compliance date. Commission staff reviewed Form 

N–MFP filings from 29 money market funds that 

filed Form N–MFP in May 2024 (representing 10% 

of money market funds and $620 billion (9.5%) of 

money market fund net assets) and did not observe 

any evidence of any such changes in yield reporting 

following this compliance date. 

46See supra footnote 17. 

47See supra footnote 45 (explaining why 

applying the incorrect formula could create 

misleading yield results). 

48See supra section I.A. See also supra footnote 

45. 

49The amendment will update risk statement 

language that also applies to sales literature under 

rule 34b–1. See supra footnote 18. 

50Specifically, Rule 482(b)(4) refers to a fund’s 

suspension of redemptions or assessment of fees 

contingent upon the fund’s available liquidity and 

regulatory minimums. These references are no 

longer applicable following the Money Market Fund 

Reform Adopting Release. The rule also includes 

outdated cross references to rule 2a–7. See supra 

footnote 23. 51See supra footnote 22 (describing 

corresponding statements). 52See supra section I.B. 53Pursuant to the Paperwork Reduction Act 

analysis, we anticipate a one-time internal time 

burden of half an hour per fund, at a cost of $21,243 

across 291 money market funds. See infra section 

IV. 

54See supra section I.C. 

55See supra footnote 28 and accompanying text. 

56See id. and accompanying text. 

Economic Effects. The amendments to 

Form N–MFP will correct errors and 

ensure that Form N–MFP continues to 

reflect the longstanding calculation 

method for money market fund yields, 

including consistency in calculation 

methods across Form N–MFP, 

prospectuses, advertisements, and sales 

literature.46 Investors will benefit to the 

extent that they would have been 

confused as to the performance of any 

money market funds that incorporate 

the errors into their yield calculations.47

The change may also provide a small 

benefit to money market funds to the 

extent that the erroneous instructions 

and departure from longstanding 

methods would otherwise complicate 

their completion of the form. 

We expect that money market funds 

will not incur significant costs 

associated with these amendments. As 

mentioned above, a review of a sample 

of Form N–MFP filings suggests that 

filers’ recent yield calculations do not 

reflect the error.48 If there are any 

money market funds that have 

implemented the erroneous 

instructions, those funds will have to 

make corrections to their internal 

processes following these amendments. 

However, we anticipate the one-time 

costs to do so will be minimal as funds 

are familiar with the correct method 

from Form N–MFP prior to the 

erroneous amendments going into effect, 

as well as from preparing their 

prospectuses, advertisements, and sales 

literature. 

B. Rule 482(b)(4) 

Baseline. Advertisements and other 

sales material for securities of a 

registered investment company that 

holds itself out to be a money market 

fund must include certain risk 

disclosures specified in paragraph (b)(4) 

of rule 482, as applicable to the fund.49

Currently, the disclosures required by 

rule 482(b)(4) do not reflect recent 

changes to 17 CFR 270.2a–7 (rule 2a– 

7).50 In addition, the required wording 

in these disclosures deviates from the 

corresponding statements that Form N– 

1A directs money market funds to 

include in their prospectuses, which 

historically had been aligned.51 The 

amendment to rule 482 corrects these 

errors by aligning the risk disclosure 

language in paragraph (b)(4) to exactly 

match the corresponding language in 

Form N–1A.52

We estimate that the amendment to 

rule 482 will apply to 291 money 

market funds registered with the 

Commission as of December 2023. 

Money market funds will have to update 

their processes for preparing 

advertisements to incorporate the 

amended language in rule 482(b)(4), to 

the extent these processes have not 

already been updated. Intermediaries 

that prepare money market fund 

advertisements are also subject to rule 

482(b)(4) and will also have to update 

their processes, if they have not already 

done so. 

Economic Effects. The amendment 

will restore the consistency of the 

aforementioned risk disclosures 

presented by money market funds 

across various channels. This change 

will principally benefit certain 

prospective investors that may use a 

fund’s advertisement to inform their 

investment decisions. Specifically, these 

investors will be presented with 

information that accurately describes 

certain requirements of amended rule 

2a–7 applicable to the fund, thereby 

eliminating any confusion stemming 

from potential inconsistencies in risk 

disclosures across these channels. 

Funds and intermediaries will incur a 

minimal cost associated with updating 

their processes for preparing money 

market fund advertisements as a result 

of this amendment because the wording 

changes are not extensive, and they may 

take up to 90 days to make the changes. 

In addition, we anticipate that funds or 

intermediaries generally will update any 

previously prepared advertisements that 

are actively in use, but that have not 

been updated to account for amended 

rule 2a–7.53 This cost will scale with the 

number of these money market fund 

advertisements maintained by a fund or 

intermediary, but we expect the costs to 

funds and intermediaries will be 

minimal because the wording changes 

are minor and precisely prescribed, and 

funds and intermediaries may take up to 

90 days to make the changes. 

C. Other Amendments 

The amendments make several 

ministerial changes to correct missing or 

erroneous paragraph numbers, crossreferences, and similar administrative 

text. These changes affect Form N–1A, 

Form N–CSR, Form N–2, rule 204– 

2(j)(4), and the OMB control numbers 

listed in 17 CFR 200.800. 

Form N–1A contains inaccurate 

language, in Item 10(a)(1)(iii), about the 

location of a discussion regarding the 

basis for the fund board’s approval of 

the fund’s advisory contract: it states the 

basis will be in the fund’s annual or 

semi-annual report to fund 

shareholders, but funds are required to 

include this basis in Form N–CSR 

filings rather than in reports.54 Openend funds use Form N–1A to register 

with the Commission and to offer their 

shares; as of December 2023, there are 

12,153 open-end funds registered with 

the Commission. 

Correcting the erroneous statement in 

Form N–1A may benefit certain 

prospective investors that are inclined 

to review a fund board’s basis for 

approving the fund’s advisory contract. 

We are unaware of any data that would 

allow us to estimate the number of 

prospective investors that are inclined 

to seek out this information or the 

number of these prospective investors 

that would face difficulty obtaining this 

information in the absence of the 

technical amendment. However, any 

benefit will be small because investors 

can find this information despite the 

error.55 Similarly, the costs that funds 

will undertake to update the wording on 

Form N–1A to reference Form N–CSR 

rather than their annual or semi-annual 

report will be minimal because the 

wording changes are not extensive and 

because funds will not need to include 

the updated language until their next 

annual prospectus update following the 

adoption of the amendments to Form N– 

1A.56


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57 Item 2 and Item 19 of Form N–CSR contain 

incorrect cross-references. In addition, certain 

paragraphs in Item 19 are incorrectly numbered and 

one of the headings incorrectly refers to Item 13 

instead of Item 19. Also, instructions to Item 16(b) 

and Item(a)(3) are irrelevant, as they refer to a 2016 

rulemaking’s pre-compliance transitionary period 

that is now concluded. See supra section I.E. 

58 Instruction 8.a to Item 24 of Form N–2 refers 

to Item 7 of Form N–CSR; it should instead refer 

to Item 12. See supra section I.D. 

59Rule 204–2(j)(4) incorrectly cross-references the 

location of the definition of ‘‘non-resident 

advisers.’’ The erroneous reference does not exist, 

and the definition appears in the same section as 

the erroneous reference, so any confusion is likely 

small. See supra section I.F. 

60See supra section I.G. 

61 44 U.S.C. 3501 et seq. 

62The most recent rule 482 PRA submission was 

approved in 2022 (OMB Control No. 3235–0565). 

Form N–CSR contains incorrect crossreferences, paragraph numbering, and 

section headings.57 As of December 

2023, there are 12,851 registered 

management investment companies that 

are registered with the Commission and 

required to file Form N–CSR. Correcting 

Form N–CSR will benefit users to the 

extent they may have been confused by 

the errors. Registered management 

investment companies will not incur 

any costs as a result of the corrections, 

which impose no new obligations. 

Form N–2 contains an incorrect crossreference.58 Closed-end funds use Form 

N–2 to register with the Commission 

and to offer their shares; as of December 

2023 there are 683 closed-end funds 

registered with the Commission. There 

may be a minimal benefit to closed-end 

funds resulting from this change if fewer 

compliance resources are required to 

correctly complete the form. There will 

be no cost to closed-end funds or other 

registrants, as the change does not 

require any action. 

Rule 204–2(j)(4) contains an incorrect 

cross-reference. Rule 204–2(j)(4) sets 

books and records requirements for nonresident advisers; as of December 2023, 

there are 15,478 advisers registered with 

the Commission. There may be minimal 

benefit to advisers from this amendment 

to the extent that the erroneous cross 

reference caused confusion to some 

registrants or other individuals.59 There 

will be no costs to advisers or other 

registrants resulting from this change, as 

no new actions will be required of them. 

The table in 17 CFR 200.800 displays 

current OMB control numbers for 

information collection requirements 

codified in title 17 of the CFR, but OMB 

control numbers for several rules are 

absent from this display.60 This 

amendment may benefit the public to 

the extent the corrected table improves 

ease of reference. We expect any benefit 

to be small. The amendment has no 

costs to registrants or other market 

participants. 

IV. Paperwork Reduction Act 

Certain provisions of the rules and 

form amendments contain ‘‘collection of 

information’’ requirements within the 

meaning of the Paperwork Reduction 

Act of 1995 (‘‘PRA’’).61 Specifically, the 

amendments to rule 482(b)(4) of the 

Securities Act to revise the particular 

wording of the risk statements that 

money market funds must include in 

their advertisements modify an existing 

‘‘collection of information.’’ The title for 

the existing collection of information is 

‘‘Rule 482 under the Securities Act of 

1933, Advertising by an Investment 

Company as Satisfying Requirements of 

section 10’’ (OMB Control No. 3235– 

0565). This collection of information 

will be mandatory for money market 

funds and the information will not be 

kept confidential. An agency may not 

conduct or sponsor, and a person is not 

required to respond to, a collection of 

information unless it displays a 

currently valid OMB control number. 

We are submitting the proposed 

collections of information to the Office 

of Management and Budget for review 

in accordance with the PRA. 

In our most recent PRA submission 

for rule 482, we estimated the annual 

aggregate burden to comply with the 

collection of information requirement of 

rule 482 is 577,847 burden hours with 

an internal cost burden of 

$213,133,255.62 Given that the 

amendments are one-time updates to the 

wording of the risk statements already 

required under current rule 482(b)(4), 

we believe that, once affected funds 

have made these one-time changes, the 

amendments to rule 482(b)(4) will only 

require money market funds to incur the 

same costs and hour burdens, per fund, 

on an ongoing basis as under current 

rule 482(b)(4). 

The table below summarizes our PRA 

initial and ongoing annual burden 

estimates associated with the 

amendments to rule 482. Some money 

market funds may have already updated 

the risk statements in their 

advertisements to conform with the 

required risk statements in their 

prospectus. Accordingly, the PRA 

estimates likely overestimate the costs 

associated with the final amendments 

for those funds whose risk statements in 

their advertisements are currently in 

line with the risk statements that the 

amendments would require. 

ESTIMATES

Internal initial 

burden hours 

Internal annual 

burden hours 1 Wage rate 2 Internal time costs 1

Amended risk statement in advertisement .............................. 0.5 3 0.17 4 $429 $73 

Number of funds ...................................................................... ................................ 5 × 291 ........................ 5 × 291 

Total estimated burden ............................................................ ................................ 49 ........................ 21,243 

Current Burden Estimates ....................................................... ................................ 577,847 ........................ 213,133,255 

Revised Burden Estimates ...................................................... ................................ 577,896 ........................ 213,154,498 

1This estimate includes the initial burden and internal time costs estimates amortized over a three-year period. 

2The estimated wage figures are based on published rates for the professionals described in this chart, modified to account for an 1800-hour 

work-year and inflation. The estimated figures for the proposed burdens were multiplied by 5.35 to account for bonuses, firm size, employee benefits, and overhead. See Securities Industry and Financial Markets Association’s Report on Management & Professional Earnings in the Securities Industry 2013. 3This estimate assumes that, after the initial 0.5 hours to amend the fund’s risk statement, funds would not have an ongoing burden associated with the amendment. 4This represents a blended rate for a compliance attorney ($449) and a senior programmer ($408). 

5The number of funds estimate is based on the number of money market funds reporting to the Commission on Form N–MFP as of Dec. 

2023. 

The amendments to Form N–MFP, 

Form N–1A, Form N–2, Form N–CSR, 

and rule 204–2 do not make any 

substantive modifications to any 

existing collection of information 

requirements or impose any new 


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63See supra footnote 45 and accompanying text 

(stating that Commission staff review of a recent 

sample of Form N–MFP filings suggests that filers’ 

yield calculations do not reflect the error in the 

Money Market Fund Reform Adopting Release). See 

also supra section I.C (stating that funds may 

implement the amendments to Form N–1A in a 

fund’s next annual prospectus update following the 

adoption of these amendments). 

substantive recordkeeping or 

information collection requirements 

within the meaning of the PRA.63

Accordingly, we are not revising any 

burden and cost estimates in connection 

with these amendments. 

Statutory Authority 

The Commission is adopting these 

amendments under the authority set 

forth in the Securities Act, particularly 

sections 5, 6, 7, 10, 19, and 28 thereof 

[15 U.S.C. 77a et seq.]; the Exchange 

Act, particularly section 23 thereof [15 

U.S.C. 78a et seq.]; the Investment 

Company Act, particularly sections 8, 

24, 30, and 38 thereof [15 U.S.C. 80a et 

seq.]; the Investment Advisers Act, 

particularly sections 204 and 211 

thereof [15 U.S.C. 80b–1 et seq]; and 44 

U.S.C. 3506, 3507. 

List of Subjects 

17 CFR Part 200 

Administrative practice and 

procedure, Organization and functions 

(Government agencies). 

17 CFR Part 230 

Reporting and recordkeeping 

requirements, Securities. 

17 CFR Part 274 

Investment companies, Reporting and 

recordkeeping requirements, Securities. 

17 CFR Part 275 

Investment advisers, Reporting and 

recordkeeping requirements. 

Text of Rule and Form Amendments 

For reasons set forth in the preamble, 

the Commission is amending title 17, 

chapter II of the Code of Federal 

Regulations as follows: 

PART 200—ORGANIZATION; 

CONDUCT AND ETHICS; AND 

INFORMATION AND REQUESTS 

■ 1. The authority citation for part 200 

continues to read as follows: 

Authority: 5 U.S.C. 552, 552a, 552b, and 

557; 11 U.S.C. 901 and 1109(a); 15 U.S.C. 

77c, 77e, 77f, 77g, 77h, 77j, 77o, 77q, 77s, 

77u, 77z–3, 77ggg(a), 77hhh, 77sss, 77uuu, 

78b, 78c(b), 78d, 78d–1, 78d–2, 78e, 78f, 78g, 

78h, 78i, 78k, 78k–1, 78l, 78m, 78n, 78o, 

78o–4, 78q, 78q–1, 78w, 78t–1, 78u, 78w, 

78ll(d), 78mm, 78eee, 80a–8, 80a–20, 80a–24, 

80a–29, 80a–37, 80a–41, 80a–44(a), 80a– 

44(b), 80b–3, 80b–4, 80b–5, 80b–9, 80b–10(a), 

80b–11, 7202, and 7211 et seq.; 29 U.S.C. 

794; 44 U.S.C. 3506 and 3507; Reorganization 

Plan No. 10 of 1950 (15 U.S.C. 78d nt); sec. 

8G, Pub. L. 95–452, 92 Stat. 1101 (5 U.S.C. 

App.); sec. 913, Pub. L. 111–203, 124 Stat. 

1376, 1827; sec. 3(a), Pub. L. 114–185, 130 

Stat. 538; E.O. 11222, 30 FR 6469, 3 CFR, 

1964–1965 Comp., p. 36; E.O. 12356, 47 FR 

14874, 3 CFR, 1982 Comp., p. 166; E.O. 

12600, 52 FR 23781, 3 CFR, 1987 Comp., p. 

235; Information Security Oversight Office 

Directive No. 1, 47 FR 27836; and 5 CFR 

735.104 and 5 CFR parts 2634 and 2635, 

unless otherwise noted. 

■ 2. Revise and republish § 200.800 to 

read as follows: 

§ 200.800 OMB control numbers assigned 

pursuant to the Paperwork Reduction Act. 

(a) Purpose. This subpart collects and 

displays the control numbers assigned 

to information collection requirements 

of the Commission by the Office of 

Management and Budget pursuant to the 

Paperwork Reduction Act of 1980, 44 

U.S.C. 3500 et seq. This subpart 

displays current OMB control numbers 

for those information collection 

requirements of the Commission that are 

rules and regulations and codified in 

this title either in full text or 

incorporated by reference with the 

approval of the Director of the Office of 

the Federal Register. 

(b) Display. 

Information collection requirement 17 CFR part or section where identified and described Current OMB 

control No. 

Regulation S–X ........................................................................... Part 210 ..................................................................................... 3235–0009 

Regulation S–B ........................................................................... Part 228 ..................................................................................... 3235–0417 

Regulation S–K ........................................................................... Part 229 ..................................................................................... 3235–0071 

Rule 139b .................................................................................... 230.139b .................................................................................... 3235–0769 

Rule 154 ...................................................................................... 230.154 ...................................................................................... 3235–0495 

Rule 155 ...................................................................................... 230.155 ...................................................................................... 3235–0549 

Rule 236 ...................................................................................... 230.236 ...................................................................................... 3235–0095 

Rule 237 ...................................................................................... 230.237 ...................................................................................... 3235–0528 

Regulation A ............................................................................... 230.251 through 230.263 ........................................................... 3235–0286 

Regulation C ............................................................................... 230.400 through 230.494 ........................................................... 3235–0074 

Rule 425 ...................................................................................... 230.425 ...................................................................................... 3235–0521 

Rule 477 ...................................................................................... 230.477 ...................................................................................... 3235–0550 

Rule 482 ...................................................................................... 230.482 ...................................................................................... 3235–0565 

Rule 489 ...................................................................................... 230.489 ...................................................................................... 3235–0411 

Rule 498 ...................................................................................... 230.498 ...................................................................................... 3235–0648 

Rule 498A ................................................................................... 230.498A .................................................................................... 3235–0765 

Regulation D ............................................................................... 230.500 through 230.508 ........................................................... 3235–0076 

Regulation E ............................................................................... 230.601 through 230.610a ......................................................... 3235–0232 

Rule 604 ...................................................................................... 230.604 ...................................................................................... 3235–0232 

Rule 605 ...................................................................................... 230.605 ...................................................................................... 3235–0232 

Rule 607 ...................................................................................... 230.607 ...................................................................................... 3235–0747 

Rule 609 ...................................................................................... 230.609 ...................................................................................... 3235–0233 

Rule 701 ...................................................................................... 230.701 ...................................................................................... 3235–0522 

Regulation S ............................................................................... 230.901 through 230.905 ........................................................... 3235–0357 

Regulation S–T ........................................................................... Part 232 ..................................................................................... 3235–0424 

Form SB–1 .................................................................................. 239.9 .......................................................................................... 3235–0423 

Form SB–2 .................................................................................. 239.10 ........................................................................................ 3235–0418 

Form S–1 .................................................................................... 239.11 ........................................................................................ 3235–0065 

Form S–2 .................................................................................... 239.12 ........................................................................................ 3235–0072 

Form S–3 .................................................................................... 239.13 ........................................................................................ 3235–0073 

Form N–2 .................................................................................... 239.14 ........................................................................................ 3235–0026 

Form N–1A .................................................................................. 239.15A ...................................................................................... 3235–0307 

Form S–6 .................................................................................... 239.16 ........................................................................................ 3235–0184 


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Information collection requirement 17 CFR part or section where identified and described Current OMB 

control No. 

Form S–8 .................................................................................... 239.16b ...................................................................................... 3235–0066 

Form N–3 .................................................................................... 239.17a ...................................................................................... 3235–0316 

Form N–4 .................................................................................... 239.17b ...................................................................................... 3235–0318 

Form S–11 .................................................................................. 239.18 ........................................................................................ 3235–0067 

Form N–14 .................................................................................. 239.23 ........................................................................................ 3235–0336 

Form N–5 .................................................................................... 239.24 ........................................................................................ 3235–0169 

Form S–4 .................................................................................... 239.25 ........................................................................................ 3235–0324 

Form F–1 .................................................................................... 239.31 ........................................................................................ 3235–0258 

Form F–2 .................................................................................... 239.32 ........................................................................................ 3235–0257 

Form F–3 .................................................................................... 239.33 ........................................................................................ 3235–0256 

Form F–4 .................................................................................... 239.34 ........................................................................................ 3235–0325 

Form F–6 .................................................................................... 239.36 ........................................................................................ 3235–0292 

Form F–7 .................................................................................... 239.37 ........................................................................................ 3235–0383 

Form F–8 .................................................................................... 239.38 ........................................................................................ 3235–0378 

Form F–10 .................................................................................. 239.40 ........................................................................................ 3235–0380 

Form F–80 .................................................................................. 239.41 ........................................................................................ 3235–0404 

Form F–X .................................................................................... 239.42 ........................................................................................ 3235–0379 

Form F–N .................................................................................... 239.43 ........................................................................................ 3235–0411 

Form ID ....................................................................................... 239.63 ........................................................................................ 3235–0328 

Form SE ...................................................................................... 239.64 ........................................................................................ 3235–0327 

Form TH ...................................................................................... 239.65 ........................................................................................ 3235–0425 

Form 1–A .................................................................................... 239.90 ........................................................................................ 3235–0286 

Form 2–A .................................................................................... 239.91 ........................................................................................ 3235–0286 

Form 144 ..................................................................................... 239.144 ...................................................................................... 3235–0101 

Form 1–E .................................................................................... 239.200 ...................................................................................... 3235–0232 

Form CB ...................................................................................... 239.800 ...................................................................................... 3235–0518 

Rule 6a–1 .................................................................................... 240.6a–1 .................................................................................... 3235–0017 

Rule 6a–3 .................................................................................... 240.6a–3 .................................................................................... 3235–0021 

Rule 6a–4 .................................................................................... 240.6a–4 .................................................................................... 3235–0554 

Rule 6h–1 .................................................................................... 240.6h–1 .................................................................................... 3235–0555 

Rule 8c–1 .................................................................................... 240.8c–1 .................................................................................... 3235–0514 

Rule 9b–1 .................................................................................... 240.9b–1 .................................................................................... 3235–0480 

Rule 10a–1 .................................................................................. 240.10a–1 .................................................................................. 3235–0475 

Rule 10b–10 ................................................................................ 240.10b–10 ................................................................................ 3235–0444 

Rule 10b–17 ................................................................................ 240.10b–17 ................................................................................ 3235–0476 

Rule 10b–18 ................................................................................ 240.10b–18 ................................................................................ 3235–0474 

Rule 10A–1 ................................................................................. 240.10A–1 .................................................................................. 3235–0468 

Rule 11a1–1(T) ........................................................................... 240.11a1–1(T) ............................................................................ 3235–0478 

Rule 12a–5 .................................................................................. 240.12a–5 .................................................................................. 3235–0079 

Regulation 12B ........................................................................... 240.12b–1 through 240.12b–36 ................................................. 3235–0062 

Rule 12d1–3 ................................................................................ 240.12d1–3 ................................................................................ 3235–0109 

Rule 12d2–1 ................................................................................ 240.12d2–1 ................................................................................ 3235–0081 

Rule 12d2–2 ................................................................................ 240.12d2–2 ................................................................................ 3235–0080 

Rule 12f–1 ................................................................................... 240.12f–1 ................................................................................... 3235–0128 

Rule 13a–16 ................................................................................ 240.13a–16 ................................................................................ 3235–0116 

Regulation 13D/G ....................................................................... 240.13d–1 through 240.13d–7 ................................................... 3235–0145 

Schedule 13D ............................................................................. 240.13d–101 .............................................................................. 3235–0145 

Schedule 13G ............................................................................. 240.13d–102 .............................................................................. 3235–0145 

Rule 13e–1 .................................................................................. 240.13e–1 .................................................................................. 3235–0305 

Rule 13e–3 .................................................................................. 240.13e–3 .................................................................................. 3235–0007 

Schedule 13E–3 .......................................................................... 240.13e–100 .............................................................................. 3235–0007 

Schedule 13e–4F ........................................................................ 240.13e–101 .............................................................................. 3235–0375 

Regulation 14A ........................................................................... 240.14a–1 through 240.14a–12 ................................................. 3235–0059 

Schedule 14A .............................................................................. 240.14a–101 .............................................................................. 3235–0059 

Regulation 14C ........................................................................... 240.14c–1 .................................................................................. 3235–0057 

Schedule 14C ............................................................................. 240.14c–101 .............................................................................. 3235–0057 

Regulation 14D ........................................................................... 240.14d–1 through 240.14d–9 ................................................... 3235–0102 

Schedule TO ............................................................................... 240.14d–100 .............................................................................. 3235–0515 

Schedule 14D–1 ......................................................................... 240.14d–101 .............................................................................. 3235–0102 

Schedule 14D–9 ......................................................................... 240.14d–101 .............................................................................. 3235–0102 

Schedule 14D–1F ....................................................................... 240.14d–102 .............................................................................. 3235–0376 

Schedule 14D–9F ....................................................................... 240.14d–103 .............................................................................. 3235–0382 

Regulation 14E ........................................................................... 240.14e–1 through 240.14e–2 ................................................... 3235–0102 

Rule 14f–1 ................................................................................... 240.14f–1 ................................................................................... 3235–0108 

Rule 15a–4 .................................................................................. 240.15a–4 .................................................................................. 3235–0010 

Rule 15a–6 .................................................................................. 240.15a–6 .................................................................................. 3235–0371 

Rule 15b1–1 ................................................................................ 240.15b1–1 ................................................................................ 3235–0012 

Rule 15b6–1(a) ........................................................................... 240.15b6–1(a) ............................................................................ 3235–0018 

Rule 15c1–5 ................................................................................ 240.15c1–5 ................................................................................ 3235–0471 

Rule 15c1–6 ................................................................................ 240.15c1–6 ................................................................................ 3235–0472 

Rule 15c1–7 ................................................................................ 240.15c1–7 ................................................................................ 3235–0134 

Rule 15c2–1 ................................................................................ 240.15c2–1 ................................................................................ 3235–0485 

Rule 15c2–5 ................................................................................ 240.15c2–5 ................................................................................ 3235–0198 


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Rule 15c2–7 ................................................................................ 240.15c2–7 ................................................................................ 3235–0479 

Rule 15c2–8 ................................................................................ 240.15c2–8 ................................................................................ 3235–0481 

Rule 15c2–11 .............................................................................. 240.15c2–11 .............................................................................. 3235–0202 

Rule 15c2–12 .............................................................................. 240.15c2–12 .............................................................................. 3235–0372 

Rule 15c3–1 ................................................................................ 240.15c3–1 ................................................................................ 3235–0200 

Rule 15c3–1(c)(13) ..................................................................... 240.15c3–1(c)(13) ...................................................................... 3235–0499 

Appendix F to Rule 15c3–1 ........................................................ 240.15c–1f ................................................................................. 3235–0496 

Rule 15c3–3 ................................................................................ 240.15c3–3 ................................................................................ 3235–0078 

Rule 15c3–4 ................................................................................ 240.15c3–4 ................................................................................ 3235–0497 

Rule 15d–16 ................................................................................ 240.15d–16 ................................................................................ 3235–0116 

Rule 15g–2 .................................................................................. 240.15g–2 .................................................................................. 3235–0434 

Rule 15g–3 .................................................................................. 240.15g–3 .................................................................................. 3235–0392 

Rule 15g–4 .................................................................................. 240.15g–4 .................................................................................. 3235–0393 

Rule 15g–5 .................................................................................. 240.15g–5 .................................................................................. 3235–0394 

Rule 15g–6 .................................................................................. 240.15g–6 .................................................................................. 3235–0395 

Rule 15g–9 .................................................................................. 240.15g–9 .................................................................................. 3235–0385 

Rule 15Aj–1 ................................................................................ 240.15Aj–1 ................................................................................. 3235–0044 

Rule 15Ba2–1 ............................................................................. 240.15Ba2–1 .............................................................................. 3235–0083 

Rule 15Ba2–5 ............................................................................. 240.15Ba2–5 .............................................................................. 3235–0088 

Rule 15Bc3–1 ............................................................................. 240.15Bc3–1 .............................................................................. 3235–0087 

Rule 17a–1 .................................................................................. 240.17a–1 .................................................................................. 3235–0208 

Rule 17a–2 .................................................................................. 240.17a–2 .................................................................................. 3235–0201 

Rule 17a–3 .................................................................................. 240.17a–3 .................................................................................. 3235–0033 

Rule 17a–3(a)(16) ....................................................................... 240.17a–3(a)(16) ....................................................................... 3235–0508 

Rule 17a–4 .................................................................................. 240.17a–4 .................................................................................. 3235–0279 

Rule 17a–4(b)(10) ....................................................................... 240.17a–4(b)(10) ....................................................................... 3235–0506 

Rule 17a–5 .................................................................................. 240.17a–5 .................................................................................. 3235–0123 

Rule 17a–5(c) ............................................................................. 240.17a–5(c) .............................................................................. 3235–0199 

Rule 17a–6 .................................................................................. 240.17a–6 .................................................................................. 3235–0489 

Rule 17a–7 .................................................................................. 240.17a–7 .................................................................................. 3235–0131 

Rule 17a–8 .................................................................................. 240.17a–8 .................................................................................. 3235–0092 

Rule 17a–9T ............................................................................... 240.17a–9T ................................................................................ 3235–0524 

Rule 17a–10 ................................................................................ 240.17a–10 ................................................................................ 3235–0122 

Rule 17a–11 ................................................................................ 240.17a–11 ................................................................................ 32350085 

Rule 17a–12 ................................................................................ 240.17a–12 ................................................................................ 3235–0498 

Rule 17a–13 ................................................................................ 240.17a–13 ................................................................................ 3235–035 

Rule 17a–19 ................................................................................ 240.17a–19 ................................................................................ 3235–0133 

Rule 17a–22 ................................................................................ 240.17a–22 ................................................................................ 3235–0196 

Rule 17a–25 ................................................................................ 240.17a–25 ................................................................................ 3235–0540 

Rule 17f–1(b) .............................................................................. 240.17f–1(b) ............................................................................... 3235–0032 

Rule 17f–1(c) .............................................................................. 240.17f–1(c) ............................................................................... 3235–0037 

Rule 17f–1(g) .............................................................................. 240.17f–1(g) ............................................................................... 3235–0290 

Rule 17f–2(a) .............................................................................. 240.17f–2(a) ............................................................................... 3235–0034 

Rule 17f–2(c) .............................................................................. 240.17f–2(c) ............................................................................... 3235–0029 

Rule 17f–2(d) .............................................................................. 240.17f–2(d) ............................................................................... 3235–0028 

Rule 17f–2(e) .............................................................................. 240.17f–2(e) ............................................................................... 3235–0031 

Rule 17f–5 ................................................................................... 240.17f–5 ................................................................................... 3235–0269 

Rule 17h–1T ............................................................................... 240.17h–1T ................................................................................ 3235–0410 

Rule 17h–2T ............................................................................... 240.17h–2T ................................................................................ 3235–0410 

Rule 17Ab2–1 ............................................................................. 240.17Ab2–1 .............................................................................. 3235–0195 

Rule 17Ac2–1 ............................................................................. 240.17Ac2–1 .............................................................................. 3235–0084 

Rule 17Ad–2(c), (d), and (h) ....................................................... 240.17Ad–2(c), (d), and (h) ....................................................... 3235–0130 

Rule 17Ad–3(b) ........................................................................... 240.17Ad–3(b) ........................................................................... 3235–0473 

Rule 17Ad–4(b) and (c) .............................................................. 240.17Ad–4(b) and (c) ............................................................... 3235–0341 

Rule 17Ad–6 ............................................................................... 240.17Ad–6 ................................................................................ 3235–0291 

Rule 17Ad–7 ............................................................................... 240.17Ad–7 ................................................................................ 3235–0291 

Rule 17Ad–10 ............................................................................. 240.17Ad–10 .............................................................................. 3235–0273 

Rule 17Ad–11 ............................................................................. 240.17Ad–11 .............................................................................. 3235–0274 

Rule 17Ad–13 ............................................................................. 240.17Ad–13 .............................................................................. 3235–0275 

Rule 17Ad–15 ............................................................................. 240.17Ad–15 .............................................................................. 3235–0409 

Rule 17Ad–16 ............................................................................. 240.17Ad–16 .............................................................................. 3235–0413 

Rule 17Ad–17 ............................................................................. 240.17Ad–17 .............................................................................. 3235–0469 

Rule 19b–1 .................................................................................. 240.19b–1 .................................................................................. 3235–0354 

Rule 19b–4 .................................................................................. 240.19b–4 .................................................................................. 3235–0045 

Rule 19b–4(e) ............................................................................. 240.19b–4(e) .............................................................................. 3235–0504 

Rule 19b–5 .................................................................................. 240.19b–5 .................................................................................. 3235–0507 

Rule 19b–7 .................................................................................. 240.19b–7 .................................................................................. 3235–0553 

Rule 19d–1 .................................................................................. 240.19d–1 .................................................................................. 3235–0206 

Rule 19d–2 .................................................................................. 240.19d–2 .................................................................................. 3235–0205 

Rule 19d–3 .................................................................................. 240.19d–3 .................................................................................. 3235–0204 

Rule 19h–1 .................................................................................. 240.19h–1 .................................................................................. 3235–0259 

Rule 24b–1 .................................................................................. 240.24b–1 .................................................................................. 3235–0194 

Rule 101 ...................................................................................... 242.101 ...................................................................................... 3235–0464 


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Rule 102 ...................................................................................... 242.102 ...................................................................................... 3235–0467 

Rule 103 ...................................................................................... 242.103 ...................................................................................... 3235–0466 

Rule 104 ...................................................................................... 242.104 ...................................................................................... 3235–0465 

Rule 301 ...................................................................................... 242.301 ...................................................................................... 3235–0509 

Rule 302 ...................................................................................... 242.302 ...................................................................................... 3235–0510 

Rule 303 ...................................................................................... 242.303 ...................................................................................... 3235–0505 

Rule 604 ...................................................................................... 242.604 ...................................................................................... 3235–0462 

Rule 605 ...................................................................................... 242.605 ...................................................................................... 3235–0542 

Rule 606 ...................................................................................... 242.606 ...................................................................................... 3235–0541 

Rule 607 ...................................................................................... 242.607 ...................................................................................... 3235–0435 

Rule 608 ...................................................................................... 242.608 ...................................................................................... 3235–0500 

Rule 609 ...................................................................................... 242.609 ...................................................................................... 3235–0043 

Rule 611 ...................................................................................... 242.611 ...................................................................................... 3235–0600 

Regulation S–P ........................................................................... Part 248 ..................................................................................... 3235–0537 

Rule 248.30 ................................................................................. 248.30 ........................................................................................ 3235–0610 

Regulation S–ID .......................................................................... 248.201 ...................................................................................... 3235–0692 

Form 1 ......................................................................................... 249.1 .......................................................................................... 3235–0017 

Form 1–N .................................................................................... 249.10 ........................................................................................ 3235–0554 

Form 25 ....................................................................................... 249.25 ........................................................................................ 3235–0080 

Form 26 ....................................................................................... 249.26 ........................................................................................ 3235–0079 

Form 3 ......................................................................................... 249.103 ...................................................................................... 3235–0104 

Form 4 ......................................................................................... 249.104 ...................................................................................... 3235–0287 

Form 5 ......................................................................................... 249.105 ...................................................................................... 3235–0362 

Form 8–A .................................................................................... 249.208a .................................................................................... 3235–0056 

Form 10 ....................................................................................... 249.210 ...................................................................................... 3235–0064 

Form 10–SB ................................................................................ 249.210b .................................................................................... 3235–0419 

Form 18 ....................................................................................... 249.218 ...................................................................................... 3235–0121 

Form 20–F .................................................................................. 249.220f ..................................................................................... 3235–0288 

Form 40–F .................................................................................. 249.240f ..................................................................................... 3235–0381 

Form 6–K .................................................................................... 249.306 ...................................................................................... 3235–0116 

Form 8–K .................................................................................... 249.308 ...................................................................................... 3235–0060 

Form 10–Q .................................................................................. 249.308a .................................................................................... 3235–0070 

Form 10–QSB ............................................................................. 249.308b .................................................................................... 3235–0416 

Form 10–K .................................................................................. 249.310 ...................................................................................... 3235–0063 

Form 10–KSB ............................................................................. 249.310b .................................................................................... 3235–0420 

Form 11–K .................................................................................. 249.311 ...................................................................................... 3235–0082 

Form 18–K .................................................................................. 249.318 ...................................................................................... 3235–0120 

Form 12B–25 .............................................................................. 249.322 ...................................................................................... 3235–0058 

Form 15 ....................................................................................... 249.323 ...................................................................................... 3235–0167 

Form 13F .................................................................................... 249.325 ...................................................................................... 3235–0006 

Form SE ...................................................................................... 249.444 ...................................................................................... 3235–0327 

Form ID ....................................................................................... 249.446 ...................................................................................... 3235–0328 

Form DF ...................................................................................... 249.448 ...................................................................................... 3235–0482 

Form BD ...................................................................................... 249.501 ...................................................................................... 3235–0012 

Form BDW .................................................................................. 249.501a .................................................................................... 3235–0018 

Form BD–N ................................................................................. 249.501b .................................................................................... 3235–0556 

Form X–17A–5 ............................................................................ 249.617 ...................................................................................... 3235–0123 

Form X–17A–19 .......................................................................... 249.635 ...................................................................................... 3235–0133 

Form ATS .................................................................................... 249.637 ...................................................................................... 3235–0509 

Form ATS–R ............................................................................... 249.638 ...................................................................................... 3235–0509 

Form CRS ................................................................................... 249.640 ...................................................................................... 3235–0766 

Form X–15AJ–1 .......................................................................... 249.802 ...................................................................................... 3235–0044 

Form X–15AJ–2 .......................................................................... 249.803 ...................................................................................... 3235–0044 

Form 19b–4 ................................................................................. 249.819 ...................................................................................... 3235–0045 

Form 19b–4(e) ............................................................................ 249.820 ...................................................................................... 3235–0504 

Form Pilot .................................................................................... 249.821 ...................................................................................... 3235–0507 

Form SIP ..................................................................................... 249.1001 .................................................................................... 3235–0043 

Form MSD ................................................................................... 249.1100 .................................................................................... 3235–0083 

Form MSDW ............................................................................... 249.1110 .................................................................................... 3235–0087 

Form X–17F–1A .......................................................................... 249.1200 .................................................................................... 3235–0037 

Form TA–1 .................................................................................. 249b.100 .................................................................................... 3235–0084 

Form TA–W ................................................................................. 249b.101 .................................................................................... 3235–0151 

Form TA–2 .................................................................................. 249b.102 .................................................................................... 3235–0337 

Form CA–1 .................................................................................. 249b.200 .................................................................................... 3235–0195 

Rules 7a–15 through 7a–37 ....................................................... 260.7a–15 through 260.7a–37 ................................................... 3235–0132 

Form T–1 .................................................................................... 269.1 .......................................................................................... 3235–0110 

Form T–2 .................................................................................... 269.2 .......................................................................................... 3235–0111 

Form T–3 .................................................................................... 269.3 .......................................................................................... 3235–0105 

Form T–4 .................................................................................... 269.4 .......................................................................................... 3235–0107 

Form ID ....................................................................................... 269.7 .......................................................................................... 3235–0328 

Form SE ...................................................................................... 269.8 .......................................................................................... 3235–0327 

Form T–6 .................................................................................... 269.9 .......................................................................................... 3235–0391 

Rule 0–1 ...................................................................................... 270.0–1 ...................................................................................... 3235–0531 


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Rule 0–2 ...................................................................................... 270.0–2 ...................................................................................... 3235–0636 

Rule 0–4 ...................................................................................... 270.0–4 ...................................................................................... 3235–0633 

Rule 0–5 ...................................................................................... 270.0–5 ...................................................................................... 3235–0780 

Rule 2a–5 .................................................................................... 270.2a–5 .................................................................................... 3235–0779 

Rule 2a–7 .................................................................................... 270.2a–7 .................................................................................... 3235–0268 

Rule 2a19–1 ................................................................................ 270.2a19–1 ................................................................................ 3235–0332 

Rule 3a–4 .................................................................................... 270.3a–4 .................................................................................... 3235–0459 

Rule 3a–8 .................................................................................... 270.3a–8 .................................................................................... 3235–0574 

Rule 6c–7 .................................................................................... 270.6c–7 .................................................................................... 3235–0276 

Rule 6e–2 .................................................................................... 270.6e–2 .................................................................................... 3235–0177 

Rule 6c–11 .................................................................................. 270.6c–11 .................................................................................. 3235–0764 

Rule 7d–1 .................................................................................... 270.7d–1 .................................................................................... 3235–0311 

Rule 7d–2 .................................................................................... 270.7d–2 .................................................................................... 3235–0527 

Section 8(b) of the Investment Company Act of 1940 ............... 270.8b–1 through 270.8b–32 ..................................................... 3235–0176 

Rule 10f–3 ................................................................................... 270.10f–3 ................................................................................... 3235–0226 

Rule 11a–2 .................................................................................. 270.11a–2 .................................................................................. 3235–0272 

Rule 11a–3 .................................................................................. 270.11a–3 .................................................................................. 3235–0358 

Rule 12b–1 .................................................................................. 270.12b–1 .................................................................................. 3235–0212 

Rule 12d1–1 ................................................................................ 270.12d1–1 ................................................................................ 3235–0584 

Rule 12d1–4 ................................................................................ 270.12d1–4 ................................................................................ 3235–0639 

Rule 12d3–1 ................................................................................ 270.12d3–1 ................................................................................ 3235–0561 

Rule 17a–6 .................................................................................. 270.17a–6 .................................................................................. 3235–0564 

Rule 17a–7 .................................................................................. 270.17a–7 .................................................................................. 3235–0214 

Rule 17a–8 .................................................................................. 270.17a–8 .................................................................................. 3235–0235 

Rule 17a–10 ................................................................................ 270.17a–10 ................................................................................ 3235–0563 

Rule 17d–1 .................................................................................. 270.17d–1 .................................................................................. 3235–0562 

Rule 17e–1 .................................................................................. 270.17e–1 .................................................................................. 3235–0217 

Rule 17f–1 ................................................................................... 270.17f–1 ................................................................................... 3235–0222 

Rule 17f–2 ................................................................................... 270.17f–2 ................................................................................... 3235–0223 

Rule 17f–4 ................................................................................... 270.17f–4 ................................................................................... 3235–0225 

Rule 17f–6 ................................................................................... 270.17f–6 ................................................................................... 3235–0447 

Rule 17f–7 ................................................................................... 270.17f–7 ................................................................................... 3235–0529 

Rule 17g–1(g) ............................................................................. 270.17g–1(g) .............................................................................. 3235–0213 

Rule 17j–1 ................................................................................... 270.17j–1 ................................................................................... 3235–0224 

Rule 18f–1 ................................................................................... 270.18f–1 ................................................................................... 3235–0211 

Rule 18f–3 ................................................................................... 270.18f–3 ................................................................................... 3235–0441 

Rule 18f–4 ................................................................................... 270.18f–4 ................................................................................... 3235–0776 

Rule 19a–1 .................................................................................. 270.19a–1 .................................................................................. 3235–0216 

Rule 20a–1 .................................................................................. 270.20a–1 .................................................................................. 3235–0158 

Rule 22c–1 .................................................................................. 270.22c–1 .................................................................................. 3235–0734 

Rule 22c–2 .................................................................................. 270.22c–2 .................................................................................. 3235–0620 

Rule 22d–1 .................................................................................. 270.22d–1 .................................................................................. 3235–0310 

Rule 22e–3 .................................................................................. 270.22e–3 .................................................................................. 3235–0658 

Rule 22e–4 .................................................................................. 270.22e–4 .................................................................................. 3235–0737 

Rule 23c–1 .................................................................................. 270.23c–1 .................................................................................. 3235–0260 

Rule 23c–3 .................................................................................. 270.23c–3 .................................................................................. 3235–0422 

Rule 27e–1 .................................................................................. 270.27e–1 .................................................................................. 3235–0545 

Rule 30b2–1 ................................................................................ 270.30b2–1 ................................................................................ 3235–0220 

Rule 30e–2 .................................................................................. 270.30e–2 .................................................................................. 3235–0494 

Rule 30e–1 .................................................................................. 270.30e–1 .................................................................................. 3235–0025 

Rule 30e–3 .................................................................................. 270.30e–3 .................................................................................. 3235–0758 

Rule 31a–1 .................................................................................. 270.31a–1 .................................................................................. 3235–0178 

Rule 31a–2 .................................................................................. 270.31a–2 .................................................................................. 3235–0179 

Rule 31a–4 .................................................................................. 270.31a–4 .................................................................................. 3235–0783 

Rule 32a–4 .................................................................................. 270.32a–4 .................................................................................. 3235–0530 

Rule 34b–1 .................................................................................. 270.34b–1 .................................................................................. 3235–0346 

Rule 35d–1 .................................................................................. 270.35d–1 .................................................................................. 3235–0548 

Rule 38a–1 .................................................................................. 270.38a–1 .................................................................................. 3235–0586 

Investment Company Interactive Data ....................................... Part 274 ..................................................................................... 3235–0642 

Form N–5 .................................................................................... 274.5 .......................................................................................... 3235–0169 

Form N–8A .................................................................................. 274.10 ........................................................................................ 3235–0175 

Form N–2 .................................................................................... 274.11a–1 .................................................................................. 3235–0026 

Form N–3 .................................................................................... 274.11b ...................................................................................... 3235–0316 

Form N–4 .................................................................................... 274.11c ...................................................................................... 3235–0318 

Form N–6 .................................................................................... 274.11d ...................................................................................... 3235–0503 

Form N–8B–2 .............................................................................. 274.12 ........................................................................................ 3235–0186 

Form N–8B–4 .............................................................................. 274.14 ........................................................................................ 3235–0247 

Form N–6F .................................................................................. 274.15 ........................................................................................ 3235–0238 

Form 24F–2 ................................................................................ 274.24 ........................................................................................ 3235–0456 

Form N–18F–1 ............................................................................ 274.51 ........................................................................................ 3235–0211 

Form N–54A ................................................................................ 274.53 ........................................................................................ 3235–0237 

Form N–54C ............................................................................... 274.54 ........................................................................................ 3235–0236 

Form N–CEN .............................................................................. 274.101 ...................................................................................... 3235–0729 


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Form N–27E–1 ............................................................................ 274.127e–1 ................................................................................ 3235–0545 

Form N–27F–1 ............................................................................ 274.127f–1 ................................................................................. 3235–0546 

Form N–CSR .............................................................................. 274.128 ...................................................................................... 3235–0570 

Form N–PX ................................................................................. 274.129 ...................................................................................... 3235–0582 

Form N–PORT ............................................................................ 274.150 ...................................................................................... 3235–0730 

Form N–17D–1 ........................................................................... 274.200 ...................................................................................... 3235–0229 

Form N–MFP .............................................................................. 274.201 ...................................................................................... 3235–0657 

Form N–8F .................................................................................. 274.218 ...................................................................................... 3235–0157 

Form N–17F–1 ............................................................................ 274.219 ...................................................................................... 3235–0359 

Form N–17F–2 ............................................................................ 274.220 ...................................................................................... 3235–0360 

Form N–23c–3 ............................................................................ 274.221 ...................................................................................... 3235–0422 

Form N–CR ................................................................................. 274.222 ...................................................................................... 3235–0705 

Form N–RN ................................................................................. 274.223 ...................................................................................... 3235–0754 

Form ID ....................................................................................... 274.402 ...................................................................................... 3235–0328 

Form SE ...................................................................................... 274.403 ...................................................................................... 3235–0327 

Rule 0–2 ...................................................................................... 275.0–2 ...................................................................................... 3235–0240 

Rule 203–3 .................................................................................. 275.203–3 .................................................................................. 3235–0538 

Rule 203A–2(d) ........................................................................... 275.203A–2(d) ........................................................................... 3235–0689 

Rule 203A–2(e) ........................................................................... 275.203A–2(e) ........................................................................... 3235–0559 

Rule 204–2 .................................................................................. 275.204–2 .................................................................................. 3235–0278 

Rule 204–3 .................................................................................. 275.204–3 .................................................................................. 3235–0047 

Rule 204–5 .................................................................................. 275.204–5 .................................................................................. 3235–0767 

Rule 204A–1 ............................................................................... 275.204A–1 ................................................................................ 3235–0596 

Rule 206(3)–2 ............................................................................. 275.206(3)–2 .............................................................................. 3235–0243 

Rule 206(4)–1 ............................................................................. 275.206(4)–1 .............................................................................. 3235–0784 

Rule 206(4)–2 ............................................................................. 275.206(4)–2 .............................................................................. 3235–0241 

Rule 206(4)–3 ............................................................................. 275.206(4)–3 .............................................................................. 3235–0242 

Rule 206(4)–6 ............................................................................. 275.206(4)–6 .............................................................................. 3235–0571 

Rule 206(4)–7 ............................................................................. 275.206(4)–7 .............................................................................. 3235–0585 

Form ADV ................................................................................... 279.1 .......................................................................................... 3235–0049 

Schedule I to Form ADV ............................................................. 279.1 .......................................................................................... 3235–0490 

Form ADV–W .............................................................................. 279.2 .......................................................................................... 3235–0313 

Form ADV–H ............................................................................... 279.3 .......................................................................................... 3235–0538 

Form 4–R .................................................................................... 279.4 .......................................................................................... 3235–0240 

Form 5–R .................................................................................... 279.5 .......................................................................................... 3235–0240 

Form 6–R .................................................................................... 279.6 .......................................................................................... 3235–0240 

Form 7–R .................................................................................... 279.7 .......................................................................................... 3235–0240 

Form ADV–E ............................................................................... 279.8 .......................................................................................... 3235–0361 

Form PF ...................................................................................... 279.9 .......................................................................................... 3235–0679 

PART 230—GENERAL RULES AND 

REGULATIONS, SECURITIES ACT OF 

1933 

■ 3. The authority citation for part 230 

continues to read, in part, as follows: 

Authority: 15 U.S.C. 77b, 77b note, 77c, 

77d, 77f, 77g, 77h, 77j, 77r, 77s, 77z–3, 77sss, 

78c, 78d, 78j, 78l, 78m, 78n, 78o, 78o–7 note, 

78t, 78w, 78ll(d), 78mm, 80a–8, 80a–24, 80a– 

28, 80a–29, 80a–30, and 80a–37, and Pub. L. 

112–106, sec. 201(a), sec. 401, 126 Stat. 313 

(2012), unless otherwise noted. 

* * * * * 

Sections 230.400 to 230.499 issued under 

secs. 6, 8, 10, 19, 48 Stat. 78, 79, 81, and 85, 

as amended (15 U.S.C. 77f, 77h, 77j, 77s). 

* * * * * 

■ 4. Amend § 230.482 by revising 

paragraph (b)(4) to read as follows: 

§ 230.482 Advertising by an investment 

company as satisfying requirements of 

section 10. 

* * * * * 

(b) * * * 

(4) Money market funds. (i) An 

advertisement for an investment 

company that holds itself out to be a 

money market fund, that is not a 

government money market fund, as 

defined in § 270.2a–7(a)(14) of this 

chapter, or a retail money market fund, 

as defined in § 270.2a–7(a)(21) of this 

chapter, must include the following 

statement: 

You could lose money by investing in the 

Fund. Because the share price of the Fund 

will fluctuate, when you sell your shares they 

may be worth more or less than what you 

originally paid for them. The Fund may 

impose a fee upon sale of your shares. The 

Fund generally must impose a fee when net 

sales of Fund shares exceed certain levels. 

An investment in the Fund is not a bank 

account and is not insured or guaranteed by 

the Federal Deposit Insurance Corporation or 

any other government agency. The Fund’s 

sponsor is not required to reimburse the 

Fund for losses, and you should not expect 

that the sponsor will provide financial 

support to the Fund at any time, including 

during periods of market stress. 

(ii) An advertisement for an 

investment company that holds itself 

out to be a money market fund, that is 

a government money market fund, as 

defined in § 270.2a–7(a)(14) of this 

chapter, or a retail money market fund, 

as defined in § 270.2a–7(a)(21) of this 

chapter, and that is subject to the 

requirements of § 270.2a–7(c)(2)(i) of 

this chapter (or is not subject to the 

requirements of § 270.2a–7(c)(2)(i) of 

this chapter pursuant to § 270.2a– 

7(c)(2)(i)(B) of this chapter, but has 

chosen to rely on the ability to impose 

liquidity fees consistent with the 

requirements of § 270.2a–7(c)(2)(i)), 

must include the following statement: 

You could lose money by investing in the 

Fund. Although the Fund seeks to preserve 

the value of your investment at $1.00 per 

share, it cannot guarantee it will do so. The 

Fund may impose a fee upon sale of your 

shares. An investment in the Fund is not a 

bank account and is not insured or 

guaranteed by the Federal Deposit Insurance 

Corporation or any other government agency. 

The Fund’s sponsor is not required to 

reimburse the Fund for losses, and you 

should not expect that the sponsor will 

provide financial support to the Fund at any 

time, including during periods of market 

stress. 

(iii) An advertisement for an 

investment company that holds itself 


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Federal Register / Vol. 89, No. 222 / Monday, November 18, 2024 / Rules and Regulations 90591 

out to be a money market fund, that is 

a government money market fund, as 

defined in § 270.2a–7(a)(14) of this 

chapter, that is not subject to the 

requirements of § 270.2a–7(c)(2)(i) of 

this chapter pursuant to § 270.2a– 

7(c)(2)(i)(B) of this chapter, and that has 

not chosen to rely on the ability to 

impose liquidity fees consistent with 

the requirements of § 270.2a–7(c)(2)(i), 

must include the following statement: 

You could lose money by investing in the 

Fund. Although the Fund seeks to preserve 

the value of your investment at $1.00 per 

share, it cannot guarantee it will do so. An 

investment in the Fund is not a bank account 

and is not insured or guaranteed by the 

Federal Deposit Insurance Corporation or any 

other government agency. The Fund’s 

sponsor is not required to reimburse the 

Fund for losses, and you should not expect 

that the sponsor will provide financial 

support to the Fund at any time, including 

during periods of market stress. 

Note 3 to paragraph (b)(4). If an affiliated 

person, promoter, or principal underwriter of 

the Fund, or an affiliated person of such a 

person, has contractually committed to 

provide financial support to the Fund, the 

statement may omit the last sentence (‘‘The 

Fund’s sponsor is not required to reimburse 

the Fund for losses, and you should not 

expect that the sponsor will provide financial 

support to the Fund at any time, including 

during periods of market stress.’’) for the 

term of the agreement. For purposes of this 

note, the term ‘‘financial support’’ includes 

any capital contribution, purchase of a 

security from the Fund in reliance on 

§ 270.17a–9 of this chapter, purchase of any 

defaulted or devalued security at par, 

execution of letter of credit or letter of 

indemnity, capital support agreement 

(whether or not the Fund ultimately received 

support), performance guarantee, or any 

other similar action reasonably intended to 

increase or stabilize the value or liquidity of 

the fund’s portfolio; however, the term 

‘‘financial support’’ excludes any routine 

waiver of fees or reimbursement of fund 

expenses, routine inter-fund lending, routine 

inter-fund purchases of fund shares, or any 

action that would qualify as financial support 

as defined in this note, that the board of 

directors has otherwise determined not to be 

reasonably intended to increase or stabilize 

the value or liquidity of the fund’s portfolio. 

* * * * * 

PART 274—FORMS PRESCRIBED 

UNDER THE INVESTMENT COMPANY 

ACT OF 1940 

■ 5. The authority citation for part 274 

continues to read as follows: 

Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 77s, 

78c(b), 78l, 78m, 78n, 78n–1, 78o(d), 80a–8, 

80a–24, 80a–26, 80a–29, and sec. 939A, Pub. 

L. 111–203, 124 Stat. 1376, unless otherwise 

noted. 

■ 6. Amend Form N–1A (referenced in 

§§ 239.15A and 274.11A) by revising 

Item 10. 

Note: Form N–1A is attached as Appendix 

A to this document. Form N–1A will not 

appear in the Code of Federal Regulations. 

■ 7. Amend Form N–2 (referenced in 

§§ 239.14 and 274.11a–1) by revising 

Instruction 8.a to Item 24. 

Note: Form N–2 is attached as Appendix B 

to this document. Form N–2 will not appear 

in the Code of Federal Regulations. 

■ 8. Revise Form N–CSR (referenced in 

§§ 249.331 and 274.128) by: 

■ a. In Items 2(c) and (f), removing the 

text ‘‘Item 18(a)(1)’’ and adding, in its 

place, the text ‘‘Item 19(a)(1)’’; 

■ b. In Item 16, removing the instruction 

to paragraph (b); and 

■ c. In Item 19: 

■ i. Removing the instruction to 

paragraph (a)(3); 

■ ii. Redesignating the instructions to 

Item 13 as instructions to Item 19; and 

■ iii. Redesignating Items 19(a)(3) and 

(4) as Items 19(a)(4) and (5), 

respectively. 

■ 9. Amend Form N–MFP (referenced in 

§ 274.201) by revising Items A.19 and 

B.8. 

Note: Form N–MFP is attached as 

Appendix C to this document. Form N–MFP 

will not appear in the Code of Federal 

Regulations. 

PART 275—RULES AND 

REGULATIONS, INVESTMENT 

ADVISERS ACT OF 1940 

■ 10. The authority citation for part 275 

continues to read, in part, as follows: 

Authority: 15 U.S.C. 80b–2(a)(11)(G), 80b– 

2(a)(11)(H), 80b–2(a)(17), 80b–3, 80b–4, 80b– 

4a, 80b–6(4), 80b–6a, 80b–11, 1681w(a)(1), 

6801–6809, and 6825, unless otherwise 

noted. 

* * * * * 

Section 275.204–2 is also issued under 15 

U.S.C. 80b–6. 

* * * * * 

■ 11. Amend § 275.204–2 by revising 

paragraph (j)(4) to read as follows: 

§ 275.204–2 Books and records to be 

maintained by investment advisers. 

* * * * * 

(j) * * * 

(4) For purposes of this paragraph (j) 

the term non-resident investment 

adviser shall have the same meaning set 

out in § 275.0–2(b)(2). 

* * * * * 

By the Commission. 

Dated: November 7, 2024. 

Vanessa A. Countryman, 

Secretary. 

Note: The following appendices will not 

appear in the Code of Federal Regulations. 

Appendix A—Form N–1A 

Form N–1A 

* * * * * 

Item 10. Management, Organization, and 

Capital Structure 

(a) * * * 

(1) * * * 

(iii) Include a statement, adjacent to the 

disclosure required by paragraph (a)(1)(ii) of 

this Item, that a discussion regarding the 

basis for the board of directors approving any 

investment advisory contract of the Fund is 

available in the Fund’s reports filed on Form 

N–CSR, and providing the period covered by 

the most recent Form N–CSR report that 

includes this discussion. 

* * * * * 

Appendix B—Form N–2 

Form N–2 

* * * * * 

Item 24. Financial Statements 

* * * * * 

Instructions 

* * * * * 

8. a. When a Registrant (or financial 

intermediary through which shares of the 

Registrant may be purchased or sold) receives 

a request for a description of the policies and 

procedures that the Registrant uses to 

determine how to vote proxies, the Registrant 

(or financial intermediary) must send the 

information most recently disclosed in 

response to Item 18.16 of this Form or Item 

12 of Form N–CSR within 3 business days of 

receipt of the request, by first-class mail or 

other means designed to ensure equally 

prompt delivery. 

* * * * * 

Appendix C—Form N–MFP 

Form N–MFP 

* * * * * 

Item A.19. 7-day gross yield. For each 

business day, based on the 7 days ended on 

that business day, calculate the fund’s yield 

by determining the net change, exclusive of 

capital changes and income other than 

investment income, in the value of a 

hypothetical pre-existing account having a 

balance of one share at the beginning of the 

period and dividing the difference by the 

value of the account at the beginning of the 

base period to obtain the base period return, 

and then multiplying the base period return 

by (365/7) with the resulting yield figure 

carried to at least the nearest hundredth of 

one percent. The 7-day gross yield should not 

reflect a deduction of shareholder fees and 

fund operating expenses. For master funds 

and feeder funds, report the 7-day gross yield 

at the master-fund level. 

a. 7-day gross yield lllllllllll


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90592 Federal Register / Vol. 89, No. 222 / Monday, November 18, 2024 / Rules and Regulations 

b. Date lllllllllllllllll

* * * * * 

Item B.8. 7-day net yield for each business 

day of the month reported, as calculated 

under Item 26(a)(1) of Form N–1A (§ 274.11A 

of this chapter) except based on the 7 days 

ended on that business day. 

a. 7-day net yield llllllllllll

b. Date lllllllllllllllll

* * * * * 

[FR Doc. 2024–26387 Filed 11–15–24; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF THE TREASURY 

Office of Investment Security 

31 CFR Part 802 

RIN 1505–AC88 

Definition of Military Installation and 

the List of Military Installations in the 

Regulations Pertaining to Certain 

Transactions by Foreign Persons 

Involving Real Estate in the United 

States 

Correction 

In rule document 2024–25773 

beginning on page 88128 in the issue of 

Thursday, November 7, 2024, make the 

following correction: 

On page 88133, in the second column, 

in § 802.104 (d), in the third line 

‘‘November 8, 2024’’ should read 

‘‘November 7, 2024’’. 

[FR Doc. C1–2024–25773 Filed 11–15–24; 8:45 am] 

BILLING CODE 0099–10–D 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 100 

[Docket No. USCG–2024–0878] 

Special Local Regulations; San Diego 

Parade of Lights, San Diego, CA 

AGENCY: Coast Guard, DHS. 

ACTION: Notification of enforcement of 

regulation. 

SUMMARY: The Coast Guard will enforce 

the San Diego Parade of Lights special 

local regulations on the waters of San 

Diego Bay, California on December 8, 

2024, and December 15, 2024. These 

special local regulations are necessary to 

provide for the safety of the 

participants, crew, spectators, sponsor 

vessels, and general users of the 

waterway. During the enforcement 

period, persons and vessels are 

prohibited from anchoring, blocking, 

loitering, or impeding within this 

regulated area unless authorized by the 

Captain of the Port Sector San Diego or 

a designated representative. 

DATES: The regulations in 33 CFR 

100.1101 will be enforced from 5 p.m. 

through 8 p.m. on December 8, 2024, 

and from 5 p.m. through 8 p.m. on 

December 15, 2024, for Item 5 in Table 

1 of Section 100.1101. 

FOR FURTHER INFORMATION CONTACT: If 

you have questions about this 

publication of enforcement, call or 

email Lieutenant Shelley Turner, 

Waterways Management, U.S. Coast 

Guard Sector San Diego, CA; telephone 

(619) 278–7656, email 

MarineEventsSD@uscg.mil. 

SUPPLEMENTARY INFORMATION: The Coast 

Guard will enforce the special local 

regulations in 33 CFR 100.1101 for the 

San Diego Parade of Lights in San Diego 

Bay, CA in 33 CFR 100.1101, Table 1, 

Item 5 of that section from 5 p.m. until 

8 p.m. on December 8, 2024, and on 

December 15, 2024. This enforcement 

action is being taken to provide for the 

safety of life on navigable waterways 

during the event. The Coast Guard’s 

regulation for recurring marine events in 

the San Diego Captain of the Port Zone 

identifies the regulated entities and area 

for this event. During the enforcement 

periods and under the provisions of 33 

CFR 100.1101, persons and vessels are 

prohibited from anchoring, blocking, 

loitering, or impeding within this 

regulated area, unless authorized by the 

Captain of the Port, or his designated 

representative. The Coast Guard may be 

assisted by other Federal, State, or local 

law enforcement agencies in enforcing 

this regulation. 

In addition to this notification of 

enforcement in the Federal Register, the 

Coast Guard will provide the maritime 

community with advance notification of 

this enforcement period via the Local 

Notice to Mariners, marine information 

broadcasts, and local advertising by the 

event sponsor. 

P.C. Dill, 

Captain, U.S. Coast Guard, Captain of the 

Port Sector San Diego. 

[FR Doc. 2024–26848 Filed 11–15–24; 8:45 am] 

BILLING CODE 9110–04–P 

ENVIRONMENTAL PROTECTION 

AGENCY 

40 CFR Part 52 

[EPA–R10–OAR–2024–0449; FRL–12269– 

01–R10] 

Air Plan Approval; ID; Update to 

Materials Incorporated by Reference 

AGENCY: Environmental Protection 

Agency (EPA). 

ACTION: Final rule; administrative 

change. 

SUMMARY: The Environmental Protection 

Agency (EPA) is updating the materials 

that are incorporated by reference (IBR) 

into the Idaho State Implementation 

Plan (SIP). The regulations affected by 

this update have been previously 

submitted by Idaho and approved by the 

EPA. In this final rule, the EPA is also 

notifying the public of corrections and 

clarifying changes in the Code of 

Federal Regulations (CFR) tables that 

identify the materials incorporated by 

reference into the Idaho SIP. This 

update affects the materials that are 

available for public inspection at the 

National Archives and Records 

Administration (NARA) and the EPA 

Regional Office. 

DATES: This action is effective 

November 18, 2024. 

ADDRESSES: The SIP materials for which 

incorporation by reference into 40 CFR 

part 52 is finalized through this action 

are available for inspection at the 

following locations: Environmental 

Protection Agency, Region 10, 1200 

Sixth Avenue, Suite 155, Seattle, WA 

98101; and www.regulations.gov. To 

view the materials at the Region 10 

Office, the EPA requests that you email 

the contact listed in the FOR FURTHER

INFORMATION CONTACT section to 

schedule your inspection. The Regional 

Office’s official hours of business are 

Monday through Friday 8:30 a.m. to 

4:30 p.m., excluding Federal holidays. 

FOR FURTHER INFORMATION CONTACT: 

Kristin Hall, EPA Region 10, 1200 Sixth 

Avenue—Suite 155, Seattle, WA 98101, 

at (206) 553–6357, or hall.kristin@

epa.gov. 

SUPPLEMENTARY INFORMATION: 

I. Background 

Each state has a SIP containing the 

control measures and strategies used to 

attain and maintain the national 

ambient air quality standards (NAAQS). 

The SIP is extensive, containing such 

elements as air pollution control 

regulations, emission inventories, 

monitoring networks, attainment 


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