Document ID: SEC-2010-1254-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2010-08-17T04:00Z

[Federal Register: August 17, 2010 (Volume 75, Number 158)]
[Notices]               
[Page 50784-50785]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr17au10-84]                         

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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: Form N-CSR; SEC File No. 270-512; OMB Control No. 3235-0570.

    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'') 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.
    Form N-CSR (17 CFR 249.331 and 274.128) is a combined reporting 
form used by management investment companies to file certified 
shareholder reports under the Investment Company Act of 1940 (15 U.S.C. 
80a-1 et seq.) (``Investment Company Act'') and under the Securities 
Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange Act''). Form 
N-CSR is to be used for reports under Section 30(b)(2) of the 
Investment Company Act and Section 13(a) or 15(d) of the Exchange Act, 
filed pursuant to rule 30b2-1(a) under the Investment Company Act (17 
CFR 270.30b2-1(a)). Reports on Form N-CSR are to be filed with the 
Commission not later than 10 days after the transmission to 
stockholders of any report that is required to be transmitted to 
stockholders under rule 30e-1 under the Investment Company Act (17 CFR 
270.30e-1).
    The Commission estimates that there are 6,640 reports filed on Form 
N-CSR annually and that the average number of

[[Page 50785]]

portfolios referenced in each filing is 3.75. The Commission further 
estimates that the hour burden for preparing and filing a report on 
Form N-CSR is 7.62 hours per portfolio. Given that filings on Form N-
CSR are filed semi-annually, filings on Form N-CSR require 15.24 hours 
per portfolio each year. The total annual hour burden for Form N-CSR, 
therefore, is estimated to be 154,686 hours.
    The current total annual cost burden to respondents for outside 
professionals associated with the collection of data relating to Form 
N-CSR is currently $1,119,001 and the new total annual cost burden to 
respondents is estimated to be $1,556,401, representing an increase of 
$437,400.
    The collection of information under Form N-CSR is mandatory. 
Responses to the collection of information 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 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: PRA_
Mailbox@sec.gov.

    Dated: August 10, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-20258 Filed 8-16-10; 8:45 am]
BILLING CODE 8010-01-P