Document ID: SEC-2018-1699-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2018-11-02T04:00Z

[Federal Register Volume 83, Number 213 (Friday, November 2, 2018)]
[Notices]
[Pages 55221-55222]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-23959]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-519, OMB Control No. 3235-0578]

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

    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 (17 CFR 270.30b1-5), 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 11,960 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 310,960 hours 
(26 hours per fund x 11,960 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

[[Page 55222]]

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 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: 
[email protected]; and (ii) Charles Riddle, Acting Director/
Chief Information Officer, Securities and Exchange Commission, c/o 
Candace Kenner, 100 F Street NE, Washington, DC 20549 or send an email 
to: [email protected]. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: October 29, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-23959 Filed 11-1-18; 8:45 am]
 BILLING CODE 8011-01-P