[Federal Register Volume 74, Number 115 (Wednesday, June 17, 2009)]
[Notices]
[Pages 28733-28734]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-14190]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Request, Copies Available From: U.S. Securities and 
Exchange Commission, Office of Investor Education and Advocacy, 
Washington, DC 20549-0213.

Extension:
    Rule 35d-1; SEC File No. 270-491; OMB Control No. 3235-0548.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.) (``Act''), the Securities and 
Exchange Commission (the ``Commission'') is soliciting comments on the 
collection of information summarized below. The Commission plans to 
submit this existing collection of information to the Office of 
Management and Budget for extension and approval.
    Rule 35d-1 (17 CFR 270.35d-1) under the Investment Company Act of 
1940 (15 U.S.C. 80a-1 et seq.) generally requires that investment 
companies with certain names invest at least 80% of their assets 
according to what their names suggests. The rule provides that an 
affected investment company must either adopt this 80% requirement as a 
fundamental policy or adopt a policy to provide notice to shareholders 
at least 60 days prior to any change in its 80% investment policy. This 
preparation and delivery of the notice to existing shareholders is a 
collection of information within the meaning of the Act.
    The Commission estimates that there are 8,681 open-end and closed-
end management investment companies and series that have descriptive 
names that are governed by the rule. The Commission estimates that of 
these 8,681 investment companies, approximately 29 provide prior notice 
to their shareholders of a change in their investment policies per 
year. The Commission estimates that the annual burden associated with 
the notice requirement of the rule is 20 hours per response. The total 
burden hours for Rule 35d-1 is 580 per year in the aggregate (29 
responses x 20 hours per response). Estimates of average burden

[[Page 28734]]

hours are made solely for the purposes of the Act, and are not derived 
from a comprehensive or even a representative survey or study of the 
costs of Commission rules and forms.
    The collection of information under Rule 35d-1 is mandatory. The 
information provided under Rule 35d-1 is not kept confidential. The 
Commission 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.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information collected; and (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    Please direct your written comments to Charles Boucher, Director/
CIO, Securities and Exchange Commission, C/O Shirley Martinson, 6432 
General Green Way, Alexandria, VA 22312; or send an e-mail to: <a href="/cdn-cgi/l/email-protection#247476657b69454d48464b5c645741470a434b52"><span class="__cf_email__" data-cfemail="58080a1907153931343a3720182b3d3b763f372e">[email protected]</span></a>.

    Dated: June 9, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-14190 Filed 6-16-09; 8:45 am]
BILLING CODE 8010-01-P


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