View Information Collection Request (ICR) Package
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View ICR - Agency Submission
COMMENT
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OMB Control No:
3235-0282
ICR Reference No:
202507-3235-015
Status:
Received in OIRA
Previous ICR Reference No:
198211-3235-015
Agency/Subagency:
SEC
Agency Tracking No:
IM
Title:
Rule 23c-2, Call and Redemption of Securities Issued by Registered Closed-End Companies
Type of Information Collection:
Reinstatement without change of a previously approved collection
Common Form ICR:
No
Type of Review Request:
Regular
Date Submitted to OIRA:
11/28/2025
Requested
Previously Approved
Expiration Date
36 Months From Approved
Responses
110
0
Time Burden (Hours)
165
0
Cost Burden (Dollars)
81,180
0
Abstract:
Rule 23c-2 under the Investment Company Act allows a closed-end fund to call or redeem securities it has issued but requires notice to be provided to the Commission prior to engaging in such call or redemption. The rule ensures that the call and redemption of securities issued by closed-end funds is conducted in a fair manner and that certain material information regarding such activity is made available to shareholders and other interested parties. The information required to be filed with the Commission assures the public availability of the information and is designed to enable the Commission to monitor funds’ compliance with the notification requirement.
Authorizing Statute(s):
US Code:
15 USC 80a-23(c)
Name of Law: Investment Company Act of 1940
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
90 FR 45446
09/22/2025
30-day Notice:
Federal Register Citation:
Citation Date:
90 FR 54815
11/28/2025
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
RULE 23C-2, CALL AND REDEMPTION OF SECURITIES ISSUED BY REGISTERED CLOSED-END COMPANIES
ICR Summary of Burden
Total Request
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
110
0
0
0
105
5
Annual Time Burden (Hours)
165
0
0
0
160
5
Annual Cost Burden (Dollars)
81,180
0
0
0
81,180
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
Given the amount of time that has passed since the Commission last submitted an ICR request to OMB, there is no change in burden to report currently. The Commission will submit a change in burden figure in subsequent ICR requests related to rule 23c-2.
Annual Cost to Federal Government:
$0
Does this IC contain surveys, censuses, or employ statistical methods?
No
Does this ICR request any personally identifiable information (see
OMB Circular No. A-130
for an explanation of this term)? Please consult with your agency's privacy program when making this determination.
No
Does this ICR include a form that requires a Privacy Act Statement (see
5 U.S.C. §552a(e)(3)
)? Please consult with your agency's privacy program when making this determination.
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
No
Agency Contact:
Mark Stewart 202 551-4410 stewartm@sec.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
11/28/2025
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