[Federal Register Volume 69, Number 3 (Tuesday, January 6, 2004)]
[Notices]
[Page 705]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-152]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; 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.
    The title for the collection of information is ``Rule 35d-1 under 
the Investment Company Act of 1940, Investment Company Names.''
    Rule 35d-1 under the Investment Company Act of 1940 [17 CFR 
270.35d-1] 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. The 
Commission 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 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 Kenneth A. Fogash, Acting 
Associate Executive Director/CIO, Office of Information Technology, 
Securities and Exchange Commission, 450 5th Street, NW., Washington, DC 
20549.

    Dated: December 23, 2003.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 04-152 Filed 1-5-04; 8:45 am]
BILLING CODE 8010-01-P