Document ID: SEC-2012-1577-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2012-09-25T04:00Z

[Federal Register Volume 77, Number 186 (Tuesday, September 25, 2012)]
[Notices]
[Page 59027]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-23541]

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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 Investor Education and Advocacy, Washington, DC 
20549-0213.

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

    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'') is soliciting comments on the 
collection of information summarized below. The Commission plans to 
submit this existing collection of information to the Office of 
Management and Budget for extension and approval.
    Form N-Q (17 CFR 249.332 and 274.130) is a combined reporting form 
that is used for reports of registered management investment companies 
(``funds''), other than small business investment companies registered 
on Form N-5, under Section 30(b) of the Investment Company Act of 1940 
(15 U.S.C. 80a-1 et seq.) (``Investment Company Act'') and Section 
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 with the Commission quarterly reports 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.
    Form N-Q contains collection of information requirements. The 
respondents to this information collection are management investment 
companies subject to Rule 30b1-5 under the Investment Company Act. We 
estimate that there are 10,453 portfolios required to file reports on 
Form N-Q. Based on conversations with industry representatives, we 
estimate that it takes approximately 21 hours per portfolio to prepare 
Form N-Q. Accordingly, we estimate that the total annual burden 
estimated associated with Form N-Q is 219,513 hours (21 hours per 
portfolio x 10,453 portfolios) per year. The estimates of average 
burden hours are made solely for the purposes of the Paperwork 
Reduction Act of 1995 (44 U.S.C. 3501 et seq.) 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.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information collected; and (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    Please direct your written comments to Thomas Bayer, Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 6432 General Green Way, Alexandria, VA 22312; or send an 
email to: PRA_Mailbox@sec.gov.

    Dated: September 19, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-23541 Filed 9-24-12; 8:45 am]
BILLING CODE 8011-01-P