Document ID: SEC-2023-0513-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2023-05-11T04:00Z

[Federal Register Volume 88, Number 91 (Thursday, May 11, 2023)]
[Notices]
[Pages 30361-30362]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-10000]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-21, OMB Control No. 3235-0025]

Proposed Collection; Comment Request; Extension: Rule 30e-1

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, 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 11,840 funds, respond to rule 30e-1 annually.\1\ We 
estimate that it takes approximately 147 hours to comply with the 
collection of information associated with rule 30e-1 per fund. This 
time is spent, for example, preparing, reviewing, and certifying the 
reports, as well as the website availability requirements and delivery 
of shareholder reports upon request requirements. Accordingly, we 
calculate the total estimated annual internal burden of responding to 
rule 30e-1 to be approximately 1,738,428 hours (146.8 hours x 11,840 
funds). In addition to the burden hours, we estimate that the total 
cost burden of compliance with the information collection requirements 
of rule 30e-1 is approximately $13,105 per fund. This includes, for 
example, the cost of goods and services purchased to prepare, comply 
with website availability requirements, and deliver reports upon 
request under the amendments to rule 30e-1, such as for the services of 
independent auditors and outside counsel. Accordingly, we calculate the 
total external cost burden associated with rule 30e-1 to be 
approximately $155,164,791.
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    \1\ Includes all open-end funds, including ETFs, registered on 
Form N-1A.
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    Estimates of average burden hours are made solely for the purposes 
of the Paperwork Reduction Act and are not

[[Page 30362]]

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 Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission'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 by July 10, 2023.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.
    Please direct your written comments to: David Bottom, Director/
Chief Information Officer, Securities and Exchange Commission, c/o John 
Pezzullo, 100 F Street NE, Washington, DC 20549 or send an email to: 
[email protected].

    Dated: May 5, 2023.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2023-10000 Filed 5-10-23; 8:45 am]
BILLING CODE 8011-01-P