Document ID: SEC-2007-0055-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2007-01-12T05:00Z

[Federal Register: January 12, 2007 (Volume 72, Number 8)]
[Notices]               
[Page 1565-1566]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12ja07-111]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: U.S. Securities and 
Exchange Commission, Office of Filing and Information Services, 
Washington, DC 20549.

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 (``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 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 7,200 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 7,200 investment companies, approximately 24 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 affected investment 
company or series. The total burden hours for Rule 35d-1 is 480 per 
year in the aggregate (24 responses x 20 hours per response). Estimates 
of average burden 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. An 
agency may not conduct or sponsor, and a person is not required to 
respond to a

[[Page 1566]]

collection of information unless it displays a currently valid control 
number.
    General comments regarding the above information should be directed 
to the following persons: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503 or e-mail to David_Rostker@omb.eop.gov; 
and (ii) R. Corey Booth, Director/Chief Information Officer, Securities 
and Exchange Commission, C/O Shirley Martinson 6432 General Green Way, 
Alexandria, VA, 22312; or send an e-mail to: PRA_Mailbox@sec.gov. 
Comments must be submitted to OMB within 30 days of this notice.

    January 3, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-301 Filed 1-11-07; 8:45 am]

BILLING CODE 8011-01-P