[Federal Register Volume 64, Number 157 (Monday, August 16, 1999)]
[Notices]
[Page 44558]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-21189]
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SECURITIES AND EXCHANGE COMMISSION
Existing Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549
Extension:
Rule 18f-1, Form N-18F-1, SEC File No. 270-187; OMB Control No.
3235-0211
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501-3520), the Securities and Exchange
Commission (``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 (``OMB'') for extension and approval.
Rule 18f-1 [17 CFR 270.18f-1] enables a registered open-end
management investment company (``fund'') that may redeem its securities
in kind, by making a one-time election, to commit to make cash
redemptions pursuant to certain requirements without violating section
18(f) of the Investment Company Act of 1940. A fund relying on the rule
must file Form N-18F-1 [17 CFR 274.51] to notify the Commission of this
election. The Commission staff estimates that approximately 106 funds
file the Form annually, and that each response takes approximately one
hour. Based on these estimates, the total annual burden hours
associated with the rule is estimated to be 106 hours.
The estimate of average burden hours is made solely for the
purposes of the Paperwork Reduction Act, and is not derived from a
comprehensive or even a representative survey or study of the costs of
Commission rules. 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.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information has
practical utility; (b) the accuracy of the Commission'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 Michael E. Bartell,
Associate Executive Director, Office of Information Technology,
Securities and Exchange Commission, 450 5th Street, N.W., Washington,
DC 20549.
Dated: August 10, 1999.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc 99-21189 Filed 8-13-99; 8:45 am]
BILLING CODE 8010-01-M
