Form T-6 30 Day Federal Register Notice

29410

Federal Register / Vol. 87, No. 93 / Friday, May 13, 2022 / Notices

lotter on DSK11XQN23PROD with NOTICES1

management for medium funds, and
$0.0000009 per dollar of assets under
management for large funds, the staff
estimates compliance with the record
storage requirements of rule 2a–7 costs
the fund industry approximately $33.0
million per year.3
Based on responses from individuals
in the money market fund industry, the
staff estimates that some of the largest
fund complexes have created computer
programs for maintaining and
preserving compliance records for rule
2a–7. Based on a cost of $0.0000132 per
dollar of assets under management for
large funds, the staff estimates that total
annualized capital/startup costs range
from $0 for small funds to $71.6 million
for all large funds.4 Commission staff
further estimates that, even absent the
requirements of rule 2a–7, money
market funds would spend at least half
of the amount for capital costs ($35.8
million) 5 and for record preservation
($16.5 million) 6 to establish and
maintain these records and the systems
for preserving them as a part of sound
business practices to ensure
diversification and minimal credit risk
in a portfolio for a fund that seeks to
maintain a stable price per share.
These estimates of burden hours and
costs are made solely for the purposes
of the Paperwork Reduction Act. The
estimates are not derived from a
comprehensive or even a representative
survey or study of Commission rules.
The collection of information under
Rule 2a–7 is mandatory. The
information provided by the rule is not
kept confidential. An agency may not
conduct or sponsor, and a person is not
required to respond to, a collection of
3 The staff estimated the annual cost of preserving
the required books and records by identifying the
annual costs incurred by several funds and then
relating this total cost to the average net assets of
these funds during the year. With a total of $328.5
million under management in small funds, $52.4
billion under management in medium funds and
$5.4 trillion under management in large funds, the
costs of preservation were estimated as follows:
((0.0051295 × $328.5 million) + (0.0005041 × $52.4
billion) + (0.0000009 × $5.4 trillion) = $33.0
million. For purposes of this PRA submission,
Commission staff used the following categories for
fund sizes: (i) small–money market funds with $50
million or less in assets under management; (ii)
medium–money market funds with more than $50
million up to and including $1 billion in assets
under management; and (iii) large–money market
funds with more than $1 billion in assets under
management.
4 This estimate is based on the following
calculation: $0.0000132 × $5.4 trillion in assets
under management for large funds = $71.6 million.
5 This estimate is based on the following
calculation: $71.6 million in capital costs/2 = $35.8
million.
6 This estimate is based on the following
calculation: $33.0 million in record preservation
costs/2 = $16.5 million.

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information unless it displays a
currently valid control number.
The public may view background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice by June 13, 2022 to (i)
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov and (ii) David Bottom,
Director/Chief Information Officer,
Securities and Exchange Commission,
c/o John Pezzullo, 100 F Street NE,
Washington, DC 20549, or by sending an
email to: [email protected].
Dated: May 9, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–10299 Filed 5–12–22; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–344, OMB Control No.
3235–0391]

annually. We estimate that 25% of the
17 hours (4.25 hours) is prepared by the
filer for an annual reporting burden of
4 hours (4.25 hours per response × 1
response).
An agency may 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 background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice by June 13, 2022 to (i)
www.reginfo.gov/public/do/PRAMain
and (ii) David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549, or by sending an email to:
[email protected].
Dated: May 9, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–10297 Filed 5–12–22; 8:45 am]

Submission for OMB Review;
Comment Request

BILLING CODE 8011–01–P

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

SECURITIES AND EXCHANGE
COMMISSION

Extension:
Form T–6

Submission for OMB Review;
Comment Request

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 this
request for extension of the previously
approved collection of information
discussed below.
Form T–6 (17 CFR 269.9) is an
application for eligibility and
qualification for a foreign person or
corporation under the Trust Indenture
Act of 1939 (15 U.S.C. 77aaa et seq.).
Form T–6 provides the basis for
determining whether a foreign person or
corporation is eligible to serve as a
trustee for qualified indenture. Form T–
6 is filed on occasion. The information
collected must be filed with the
Commission and is publicly available.
Form T–6 takes approximately 17
burden hours per response and is filed
by approximately one respondent

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

PO 00000

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[SEC File No. 270–330, OMB Control No.
3235–0645]

Extension:
Interactive Data

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 this
request for extension of the previously
approved collection of information
discussed below.
The ‘‘Interactive Data’’ collection of
information requires issuers filing
registration statements under the
Securities Act of 1933 (15 U.S.C. 77a et
seq.) and reports under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.) to submit specified financial

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