Document ID: SEC-2015-1273-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2015-07-31T04:00Z

[Federal Register Volume 80, Number 147 (Friday, July 31, 2015)]
[Notices]
[Page 45693]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-18766]

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SECURITIES AND EXCHANGE COMMISSION

Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC 
20549-2736.

    Extension:
     Form N-Q SEC, File No. 270-519, OMB Control No. 3235-0578.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.) (``Paperwork Reduction Act''), the 
Securities and Exchange Commission (the ``Commission'') has submitted 
to the Office of Management and Budget a request for extension of the 
previously approved collection of information discussed below.
    Form N-Q (17 CFR 249.332 and 274.130) is a reporting form used by 
registered management investment companies, other than small business 
investment companies registered on Form N-5 (``funds''), under Section 
30(b) of the Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) 
(``Investment Company Act'') and Sections 13(a) or 15(d) of the 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). Pursuant to 
Rule 30b1-5 under the Investment Company Act, funds are required to 
file quarterly reports with the Commission on Form N-Q not more than 60 
days after the close of the first and third quarters of each fiscal 
year containing their complete portfolio holdings. Additionally, fund 
management is required to evaluate the effectiveness of the fund's 
disclosure controls and procedures within the 90-day period prior to 
the filing of a report on Form N-Q, and such report must also be signed 
and certified by the fund's principal executive and financial officers.
    We estimate that there are 11,348 funds required to file reports on 
Form N-Q. Based on staff experience and conversations with industry 
representatives, we estimate that it takes approximately 26 hours per 
fund to prepare reports on Form N-Q annually. Accordingly, we estimate 
that the total annual burden associated with Form N-Q is 295,048 hours 
(26 hours per fund x 11,348 funds) per year.
    The estimates of average burden hours 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 cost of 
Commission rules and forms. The collection of information under Form N-
Q is mandatory. The information provided by the form is not 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 control number.
    The public may view the background documentation for this 
information collection at the following Web site, 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: 
Shagufta_Ahmed@omb.eop.gov; and (ii) Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send an email 
to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: July 27, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-18766 Filed 7-30-15; 8:45 am]
 BILLING CODE 8011-01-P