Document ID: SEC-2017-1956-0004
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2021-05-17T04:00Z

[Federal Register Volume 86, Number 93 (Monday, May 17, 2021)]
[Notices]
[Pages 26758-26759]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-10319]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-305, OMB Control No. 3235-0346]

Submission for OMB Review; Comment Request

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

Extension:
    Rule 34b-1

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (the ``Commission'') has submitted to the Office of 
Management and Budget a request for extension of the previously 
approved collection of information discussed below.
    Rule 34b-1 under the Investment Company Act (17 CFR 270.34b-1) 
governs sales material that accompanies or follows the delivery of a 
statutory prospectus (``sales literature''). Rule 34b-1 deems to be 
materially misleading any investment company (``fund'') sales 
literature required to be filed with the Securities and Exchange 
Commission (``Commission'') by Section 24(b) of the Investment Company 
Act (15 U.S.C. 80a-24(b)) that includes performance data, unless the 
sales literature also includes the appropriate uniformly computed data 
and the legend disclosure required in investment company advertisements 
by rule 482 under the Securities Act of 1933 (17 CFR 230.482). 
Requiring the inclusion of such standardized performance data in sales 
literature is designed to prevent misleading performance claims by 
funds and to enable investors to make meaningful comparisons among 
funds.
    The Commission estimates that on average approximately 351 
respondents file 7,362 \1\ responses that include the information 
required by rule 34b-1 each year. The burden resulting from the 
collection of information requirements of rule 34b-1 is estimated to be 
6 hours per response. The total hourly burden for rule 34b-1 is 
approximately 46,278 hours per year in the aggregate.\2\
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    \1\ The estimated number of responses to rule 34b-1 is composed 
of 7362 responses filed with FINRA and 351 responses filed with the 
Commission in 2019.
    \2\ 7713 responses x 6 hours per response = 46,278 hours.
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    The collection of information under rule 34b-1 is mandatory. The 
information provided under rule 34b-1 is not 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 control number. The public may view background documentation for 
this information collection at the following website: www.reginfo.gov. 
Find this particular information collection by selecting ``Currently 
under 30-day Review--Open for Public Comments'' or by using the search 
function. Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to (i) www.reginfo.gov/public/do/PRAMain and (ii) David 
Bottom, Director/Chief Information Officer, Securities and Exchange 
Commission, c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, 
or by sending an email to: PRA_Mailbox@sec.gov.

[[Page 26759]]

    Dated: May 12, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-10319 Filed 5-14-21; 8:45 am]
BILLING CODE 8011-01-P