Document ID: SEC-2009-1428-0001
Agency: sec
Document Type: Notice
Title: Proposed Collection; Comment Request
Posted Date: 2009-10-08T04:00Z

[Federal Register: October 8, 2009 (Volume 74, Number 194)]
[Notices]               
[Page 51885-51886]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08oc09-87]                         

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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.), 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.
    This notice supersedes the notice regarding the comment request on 
the collection of information, ``Rule 30e-1 (CFR 270.30e-1) under the 
Investment Company Act of 1940, (15 U.S.C. 80a-1 et seq.) Reports to 
Stockholders of Management Companies'' published in the Federal 
Register on July 30, 2009 (74 FR 38065) because the methodology of 
calculating the burden of the collection of information has been 
revised.
    The title for the collection of information is: ``Rule 30e-1 under 
the Investment Company Act of 1940, Reports to Stockholders of 
Management Companies.'' Section 30(e) (15 U.S.C. 80a-29(e)) of the 
Investment Company Act of 1940 (``Investment Company Act'') requires a 
registered investment company (``fund'') to transmit to its 
shareholders, at least semi-annually, reports containing financial 
statements and other financial information as the Commission may 
prescribe by rules and regulations. In addition, Section 30(f) permits 
the Commission to require by rule that semi-annual reports include such 
other information as the Commission deems necessary or

[[Page 51886]]

appropriate in the public interest or for the protection of investors. 
Rule 30e-1 generally requires a 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. Failure to require the 
collection of this information would seriously impede the amount of 
current information available to shareholders and the public about 
funds and would prevent the Commission from implementing the regulatory 
program required by statute. Approximately 2,800 funds, with a total of 
approximately 10,460 portfolios, respond to rule 30e-1 annually. The 
estimate of the total annual reporting burden of the collection of 
information is approximately 114.2 hours per portfolio, and the total 
estimated annual burden for the industry is 1,194,532 hours (114.2 
hours x 10,460 portfolios). Providing the information required by rule 
30e-1 is mandatory. Responses will not be kept confidential. Estimates 
of the burden hours are made solely for the purposes of the Paperwork 
Reduction Act, and are not derived from a comprehensive or even a 
representative survey or study of the costs of SEC rules and forms.
    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: October 2, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-24269 Filed 10-7-09; 8:45 am]

BILLING CODE 8011-01-P