```

[Federal Register Volume 90, Number 6 (Friday, January 10, 2025)]
[Notices]
[Pages 2048-2049]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-00249]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-437, OMB Control No. 3235-0494]

Submission for OMB Review; Comment Request; Extension: Rule 30e-2

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

    Notice is hereby given that, under the Paperwork Reduction Act of 
1995 (44 U.S.C. 3501 et seq.), (``Paperwork Reduction Act'') the 
Securities and Exchange Commission (the ``Commission'') has submitted 
to the Office of Management and Budget (``OMB'') a request for 
extension of the previously approved collection of information 
discussed below.
    Rule 30e-2 (17 CFR 270.30e-2) under the Investment Company Act of 
1940 (15 U.S.C. 80a-1 et seq.) (``Investment Company Act'') requires 
registered unit

[[Page 2049]]

investment trusts (``UITs'') that invest substantially all of their 
assets in shares of a management investment company (``fund'') to send 
their unitholders annual and semiannual reports containing financial 
information on the underlying company. Specifically, rule 30e-2 
requires that the report contain all the applicable information and 
financial statements or their equivalent, required by rule 30e-1 under 
the Investment Company Act (17 CFR 270.30e-1) to be included in reports 
of the underlying fund for the same fiscal period. Rule 30e-1 requires 
that the underlying fund's report contain, among other things, the 
information that is required to be included in such reports by the 
fund's registration statement form under the Investment Company Act. 
The purpose of this requirement is to apprise current shareholders of 
the operational and financial condition of the UIT. Absent the 
requirement to disclose all material information in reports, investors 
would be unable to obtain accurate information upon which to base 
investment decisions and consumer confidence in the securities industry 
might be adversely affected. Requiring the submission of these reports 
to the Commission permits us to verify compliance with securities law 
requirements.
    Rule 30e-2, however, permits, under certain conditions, delivery of 
a single shareholder report to investors who share an address 
(``householding''). Specifically, rule 30e-2 permits householding of 
annual and semi-annual reports by UITs to satisfy the delivery 
requirements of rule 30e-2 if, in addition to the other conditions set 
forth in the rule, the UIT has obtained from each applicable investor 
written or implied consent to the householding of shareholder reports 
at such address. The rule requires UITs that wish to household 
shareholder reports with implied consent to send a notice to each 
applicable investor stating that the investors in the household will 
receive one report in the future unless the investors provide contrary 
instructions. In addition, at least once a year, UITs relying on the 
rule for householding must explain to investors who have provided 
written or implied consent how they can revoke their consent. The 
purpose of the notice and annual explanation requirements associated 
with the householding provisions of the rule is to ensure that 
investors who wish to receive individual copies of shareholder reports 
are able to do so.
    The Commission estimates that the annual burden associated with 
rule 30e-2 is 15 hours per respondent. The Commission estimates that 
there are currently approximately 671 UITs that file 1342 reports per 
year. Therefore, the Commission estimates that the total hour burden is 
approximately 10,065 hours. In addition to the burden hours, the 
Commission estimates that the annual cost of contracting for outside 
services associated with rule 30e-2 is $6,667 per respondent, for a 
total cost of approximately $4,495,700.
    Estimates of average burden hours are made solely for the purposes 
of the Paperwork Reduction Act and are not derived from a comprehensive 
or even representative survey or study of the costs of Commission rules 
and forms. The collection of information under rule 30e-2 is mandatory. 
The information provided under rule 30e-2 will not be 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 OMB control number.
    The public may view and comment on this information collection 
request at: https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202410-3235-017 or send an email comment to 
[email protected] within 30 days of the day 
after publication of this notice by January 10, 2025.

    Dated: January 3, 2025.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2025-00249 Filed 1-8-25; 8:45 am]
BILLING CODE 8011-01-P
```