Federal Register #2026-14007

SEC Seeks Public Comment on Extension of Rule 30b1-10 and Form N-RN Information Collection

The Securities and Exchange Commission (SEC) is seeking public comment on the extension of information collection requirements for Rule 30b1-10 and Form N-RN. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - No OEMs or vendors are mentioned; this is not a procurement action - Products/Services Requested: - No products or services are being procured - The request concerns information collection from registered open-end management investment companies (excluding money market funds), registered closed-end funds, and business development companies - These entities are required to file Form N-RN reports on a non-public basis when certain liquidity events or compliance breaches occur - Notable Requirements: - The SEC estimates approximately 31 reports will be filed annually - The total annual burden is estimated at 124 hours and $75,020 in costs - The collection supports SEC oversight of fund liquidity events and market responses - This is strictly an information collection and comment request, not a solicitation for goods or services

Description

This notice concerns the submission for Office of Management and Budget (OMB) review of information collection activities related to Rule 30b1-10 and Form N-RN by the Securities and Exchange Commission (SEC). The rule requires certain registered investment companies to file a current report on Form N-RN on a non-public basis when specific liquidity events or compliance breaches occur. The SEC estimates receiving about 31 reports annually, with an average preparation time of 4 hours per report, resulting in an estimated total annual burden of 124 hours and costs of approximately $75,020. The collection aims to enhance SEC oversight of fund liquidity events and market responses.

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