60 Day Notice

7320

Federal Register / Vol. 86, No. 16 / Wednesday, January 27, 2021 / Notices

information from comment submissions.
You should submit only information
that you wish to make available
publicly.
All submissions should refer to File
Number SR–OCC–2021–002 and should
be submitted on or before February 17,
2021.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.28
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021–01729 Filed 1–26–21; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–182, OMB Control No.
3235–0237]

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

khammond on DSKJM1Z7X2PROD with NOTICES

Extension:
Form N–54A

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
(‘‘Commission’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
Under the Investment Company Act
of 1940 (15 U.S.C. 80a–1 et seq.) (the
‘‘Investment Company Act’’), certain
investment companies can elect to be
regulated as business development
companies, as defined in Section
2(a)(48) of the Investment Company Act
(15 U.S.C. 80a–2(a)(48)). Under Section
54(a) of the Investment Company Act
(15 U.S.C. 80a–53(a)), any company
defined in Section 2(a)(48)(A) and (B)
may elect to be subject to the provisions
of Sections 55 through 65 of the
Investment Company Act (15 U.S.C.
80a–54 to 80a–64) by filing with the
Commission a notification of election, if
such company has: (1) A class of equity
securities registered under Section 12 of
the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.) (‘‘Exchange Act’’); or
(2) filed a registration statement
pursuant to Section 12 of the Exchange
Act for a class of its equity securities.
The Commission adopted Form N–54A
(17 CFR 274.53) as the form for

notification of election to be regulated
as a business development company.
The purpose of Form N–54A is to
notify the Commission that the
investment company making the
notification elects to be subject to
Sections 55 through 65 of the
Investment Company Act, enabling the
Commission to administer those
provisions of the Investment Company
Act to such companies.
The Commission estimates that on
average approximately 7 business
development companies file these
notifications each year. Each of those
business development companies need
only make a single filing of Form N–
54A. The Commission further estimates
that this information collection imposes
a burden of 0.5 hours, resulting in a
total annual PRA burden of 3.5 hours.
Based on the estimated wage rate, the
total cost to the business development
company industry of the hour burden
for complying with Form N–54A would
be approximately $1,288.
The collection of information under
Form N–54A 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)
David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
[email protected]. Written comments
and recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice 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: January 21, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021–01655 Filed 1–26–21; 8:45 am]

28 17

CFR 200.30–3(a)(12).

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BILLING CODE 8011–01–P

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SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–524, OMB Control No.
3235–0582]

Proposed Collection; 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–PX

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’’) 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 30b1–4 (17 CFR 270.30b1–4)
under the Investment Company Act of
1940 (15 U.S.C. 80a–1 et seq.) requires
every registered management
investment company, other than a small
business investment company registered
on Form N–5 (‘‘funds’’), to file a report
on Form N–PX not later than August 31
of each year. Funds use Form N–PX to
file annual reports with the Commission
containing their complete proxy voting
record for the most recent twelve-month
period ended June 30.
The Commission estimates that there
are approximately 2,207 funds
registered with the Commission,
representing approximately 11,890 fund
portfolios that are required to file Form
N–PX reports. The 11,890 portfolios are
comprised of approximately 6,392
portfolios holding equity securities,
2,857 portfolios holding no equity
securities, and 1,476 portfolios holding
fund securities (i.e., fund of funds).1 The
currently approved burden of Form N–
PX for portfolios holding equity
1 The estimate of 2,207 funds is based on the
number of management investment companies
currently registered with the Commission. The
Commission staff estimates that there are
approximately 6,392 portfolios that invest primarily
in equity securities, 804 ‘‘hybrid’’ or bond portfolios
that may hold some equity securities, 2,857 bond
portfolios that hold no equity securities, and 361
money market fund portfolios, and 1,476 fund of
funds, for a total of 11,890 portfolios required to file
Form N–PX reports. The staff has based its portfolio
estimates on a number of publications. See
Investment Company Institute, Trends in Mutual
Fund Investing (February 2020); Investment
Company Institute, Closed-End Fund Assets and
Net Issuance (Fourth Quarter 2019); Investment
Company Institute, ETF Assets and Net Issuance
(February 2020).

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