15282 Federal Register / Vol. 87, No. 52 / Thursday, March 17, 2022 / Notices 

24For purposes only of waiving the 30-day 

operative delay, the Commission has also 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. See 

15 U.S.C. 78c(f). 25 17 CFR 200.30–3(a)(12). 

1 44 U.S.C. 3501 et seq. 

2This estimate is based on the following 

calculation: 179,443 (previous burden estimate) + 

1,724.5 (additional internal burden) = 181,167.5 

hours. 

proposed rule change to make the Pilot 

Rules permanent. Therefore, the 

Commission hereby waives the 30-day 

operative delay and designates the 

proposed rule change as operative upon 

filing.24

At any time within 60 days of the 

filing of the proposed rule change, the 

Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. If the 

Commission takes such action, the 

Commission shall institute proceedings 

to determine whether the proposed rule 

should be approved or disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

LTSE–2022–01 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–LTSE–2022–01. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

internet website (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for website viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE, 

Washington, DC 20549 on official 

business days between the hours of 

10:00 a.m. and 3:00 p.m. Copies of the 

filing also will be available for 

inspection and copying at the principal 

office of LTSE and on its internet 

website at https://longtermstock

exchange.com/. 

All comments received will be posted 

without change; the Commission does 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. All 

submissions should refer to File 

Number SR–LTSE–2022–01 and should 

be submitted on or before April 7, 2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.25

Eduardo Aleman, 

Assistant Secretary. 

[FR Doc. 2022–05594 Filed 3–16–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–512, OMB Control No. 

3235–0570] 

Submission for OMB Review; 

Comment Request; Extension: Form 

N–CSR 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.), the Securities 

and Exchange Commission (the 

‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for extension of the 

previously approved collection of 

information discussed below. 

Form N–CSR (17 CFR 249.331 and 

274.128) is a combined reporting form 

used by registered management 

investment companies (‘‘funds’’) to file 

certified shareholder reports under the 

Investment Company Act of 1940 (15 

U.S.C. 80a–1 et seq.) (‘‘Investment 

Company Act’’) and the Securities 

Exchange Act of 1934 (15 U.S.C. 78a et 

seq.) (‘‘Exchange Act’’). Specifically, 

Form N–CSR is to be used for reports 

under section 30(b)(2) of the Investment 

Company Act (15 U.S.C. 80a–29(b)(2)) 

and section 13(a) or 15(d) of the 

Exchange Act (15 U.S.C. 78m(a) and 

78o(d)), filed pursuant to rule 30b2–1(a) 

under the Investment Company Act (17 

CFR 270.30b2–1(a)). Reports on Form 

N–CSR are to be filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) no later than 10 days 

after the transmission to stockholders of 

any report that is required to be 

transmitted to stockholders under rule 

30e–1 under the Investment Company 

Act (17 CFR 270.30e–1). The 

information filed with the Commission 

permits the verification of compliance 

with securities law requirements and 

assures the public availability and 

dissemination of the information. 

The following estimates of average 

burden hours and costs are made solely 

for purposes of the Paperwork 

Reduction Act of 1995 1 and are not 

derived from a comprehensive or even 

representative survey or study of the 

cost of Commission rules and forms. 

Compliance with Form N–CSR is 

mandatory. Responses to the collection 

of information will not be kept 

confidential. 

The current total annual burden hour 

inventory for Form N–CSR is 181,167 

hours.2 The hour burden estimates for 

preparing and filing reports on Form 

N–CSR are based on the Commission’s 

experience with the contents of the 

form. The number of burden hours may 

vary depending on, among other things, 

the complexity of the filing and whether 

preparation of the reports is performed 

by internal staff or outside counsel. 

The Commission’s new estimate of 

burden hours that will be imposed by 

Form N–CSR is as follows: 


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Federal Register / Vol. 87, No. 52 / Thursday, March 17, 2022 / Notices 15283 

3This estimate is based on the number of 

registered management companies as calculated by 

the filing type: 1,403 N–1A registrants (13,248 

funds); 693 N–2 registrants (691 funds); 5 N–3 

registrants (14 funds); 417 N–4 registrants (418 

funds); 235 N–6 registrants (236 funds); 47 

N–8B–2 registrants (47 funds). 

4This estimate is based on the following 

calculation: 14,654 funds × $203 per filing × 2 

filings per year = $5,949,524. 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 93273 

(October 7, 2021), 86 FR 57237 (October 14, 2021) 

(SR–CboeBZX–2021–063) (Notice and Immediate 

Effectiveness of a Proposed Rule Change To List 

and Trade Shares of Hartford Large Cap Growth 

ETF, a Series of Hartford Funds Exchange-Traded 

Trust, Under Rule 14.11(m), Tracking Fund Shares 

(the ‘‘Original Filing’’)). Rule 14.11(m)(3)(A) 

provides that ‘‘[t]he term ‘‘Tracking Fund Share’’ 

means a security that (i) represents an interest in 

an investment company registered under the 

Continued 

TABLE 1—SUMMARY OF REVISED BURDEN HOURS FOR REPORTS ON FORM N–CSR 

Funds and filings Annual time burden (hours) 

Number of 

funds 

Number of 

annual filings 

Number of 

total filings 

Hour burden 

per fund per 

filing 

Total annual 

hour burden 

(A) (B) (C) = (A) × (B) (D) (E) = (C) × (D) 

Form N–CSR ....................................................................... 14,654 3 2 29,308 7.75 227,137 

In total, the Commission estimates it 

will take 227,137 burden hours per year 

for all funds to prepare and file reports 

on Form N–CSR. Commission staff 

estimates that the annual cost of outside 

services associated with Form N–CSR is 

approximately $203 per fund and the 

total annual external cost burden for 

Form N–CSR is $5,949,524.4

Estimates of average burden hours 

and costs are made solely for the 

purposes of the Paperwork Reduction 

Act, and are not derived from a 

comprehensive or even representative 

survey or study of the costs of 

Commission rules and forms. 

Compliance with the collection of 

information requirements of Form N– 

CSR is mandatory. Responses to the 

collection of 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. 

The public may view the background 

documentation for this information 

collection at the following website, 

www.reginfo.gov. Comments should be 

directed to: (i) Desk Officer for the 

Securities and Exchange Commission, 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Room 10102, New Executive 

Office Building, Washington, DC 20503, 

or by sending an email to: 

Lindsay.M.Abate@omb.eop.gov; and (ii) 

David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John R. 

Pezzullo 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. Written comments 

and recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice April 18, 2022 to 

www.reginfo.gov/public/do/PRAMain. 

Find this particular information 

collection by selecting ‘‘Currently under 

30-day Review—Open for Public 

Comments’’ or by using the search 

function. 

Dated: March 14, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–05679 Filed 3–16–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94402; File No. SR– 

CboeBZX–2022–016] 

Self-Regulatory Organizations; Cboe 

BZX Exchange, Inc.; Notice of Filing 

and Immediate Effectiveness of 

Proposed Rule Change To Reflect a 

Modification to the Permitted 

Components of the Tracking Basket of 

the Hartford Large Cap Growth ETF, 

and To Permit the Use of Custom 

Baskets by the Hartford Large Cap 

Growth ETF, the Invesco US Large Cap 

Core ETF, and the Invesco Real Assets 

ESG ETF 

March 11, 2022. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on March 4, 

2022, Cboe BZX Exchange, Inc. filed 

with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I and II below, which Items have 

been prepared by the Exchange. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

Cboe BZX Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘BZX’’) proposes to (i) 

permit the Hartford Large Cap Growth 

ETF (the ‘‘Fund’’), shares of which are 

listed and traded on the Exchange under 

BZX Rule 14.11(m), to include select 

securities from which a Fund’s 

investments are selected such as a 

broad-based market index (‘‘Investment 

Universe’’) in the Fund’s Tracking 

Basket, and (ii) permit the Fund and 

certain other series of Tracking Fund 

Shares that are listed and traded on the 

Exchange to use Custom Baskets. 

The text of the proposed rule change 

is also available on the Exchange’s 

website (http://markets.cboe.com/us/ 

equities/regulation/rule_filings/bzx/), at 

the Exchange’s Office of the Secretary, 

and at the Commission’s Public 

Reference Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 

proposed rule change. The text of these 

statements may be examined at the 

places specified in Item IV below. The 

Exchange has prepared summaries, set 

forth in sections A, B, and C below, of 

the most significant aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange adopted BZX Rule 

14.11(m) for the purpose of permitting 

the listing and trading, or pursuant to 

unlisted trading privileges (‘‘UTP’’), of 

Tracking Fund Shares, which are 

securities issued by an actively managed 

open-end management investment 

company.3 Exchange Rule 


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