Federal Register #32350705

SEC Requests Public Comment on Extension of Rule 30b1-8 and Form N-CR Information Collection

This opportunity is a regulatory notice from the Securities and Exchange Commission (SEC) seeking public comment on extending an information collection requirement, not a procurement action. - Government Buyer: - Securities and Exchange Commission (SEC) - No OEMs or vendors are involved, as this is not a procurement or contract opportunity - Products/Services Requested: - No products or services are being requested - The notice concerns the collection of information from money market funds under Rule 30b1-8 and Form N-CR - Unique/Notable Requirements: - Money market funds must file Form N-CR in specific events (e.g., portfolio security default, affiliate financial support, significant shadow price decline) - Estimated reporting burden: 10.5 hours and $7,104 in time costs per report - The SEC is soliciting comments on the necessity, accuracy, and burden of this information collection - No contract value, period of performance, or line items are applicable

Description

This notice pertains to the Securities and Exchange Commission's proposal to extend the collection of information under Rule 30b1-8 and Form N-CR. The collection involves money market funds filing Form NCR in cases of portfolio security defaults, financial support by affiliates, or significant declines in shadow price. The SEC estimates an average of one report per year with an estimated burden of 10.5 hours and associated time costs. Public comments are invited on the necessity, accuracy, and ways to minimize the burden of this information collection.

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