Notice2023-11200
Proposed Collection; Comment Request; Extension: Rule 30e-1
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 25, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 101 (Thursday, May 25, 2023)</title>
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[Federal Register Volume 88, Number 101 (Thursday, May 25, 2023)]
[Notices]
[Pages 33950-33951]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-11200]
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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
[[Page 33951]]
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 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 24, 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:
<a href="/cdn-cgi/l/email-protection#94c4c6d5cbd9f5fdf8f6fbecd4e7f1f7baf3fbe2"><span class="__cf_email__" data-cfemail="326260736d7f535b5e505d4a724157511c555d44">[email protected]</span></a>.
Dated: May 22, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-11200 Filed 5-24-23; 8:45 am]
BILLING CODE 8011-01-P
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