Document ID: SEC-2012-1272-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals: Rule 30e-1
Posted Date: 2012-08-06T00:00Z

[Federal Register Volume 77, Number 151 (Monday, August 6, 2012)]
[Notices]
[Page 46774]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-19083]

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SECURITIES AND EXCHANGE COMMISSION

Proposed Collection; Comment Request

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

Extension:
    Rule 30e-1, SEC File No. 270-21, OMB Control No. 3235-0025.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.) (``Paperwork Reduction 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 (``OMB'') for extension and 
approval.
    Rule 30e-1 (17 CFR 270.30e-1) under the Investment Company Act of 
1940 (15 U.S.C. 80a-1 et seq.) (``Investment Company Act'') generally 
requires a registered investment company (``fund'') to transmit to its 
shareholders, at least semi-annually, reports containing 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 the collection of information required by rule 30e-1 is 
to provide fund shareholders with current information about the 
operation of their funds in accordance with Section 30 of the 
Investment Company Act.
    Approximately 2,490 funds, with a total of approximately 10,750 
portfolios, respond to rule 30e-1 annually. Based on conversations with 
fund representatives, we estimate that it takes approximately 84 hours 
to comply with the collection of information associated with rule 30e-1 
per portfolio. This time is spent, for example, preparing, reviewing, 
and certifying the reports. Accordingly, we calculate the total 
estimated annual internal burden of responding to rule 30e-1 to be 
approximately 903,000 hours (84 hours x 10,750 portfolios). In addition 
to the burden hours, based on conversations with fund representatives, 
we estimate that the total cost burden of compliance with the 
information collection requirements of rule 30e-1 is approximately 
$31,061 per portfolio. This includes, for example, the costs for funds 
to prepare, print, and mail the reports. Accordingly, we calculate the 
total external cost burden associated with rule 30e-1 to be 
approximately $333,905,750.
    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-1 is mandatory. 
The information provided under rule 30e-1 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.
    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 Thomas Bayer, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Remi 
Pavlik-Simon, 6432 General Green Way, Alexandria, VA 22312; or send an 
email to: PRA_Mailbox@sec.gov.

    Dated: July 31, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-19083 Filed 8-3-12; 8:45 am]
BILLING CODE 8011-01-P