[Federal Register Volume 74, Number 164 (Wednesday, August 26, 2009)]
[Notices]
[Pages 43171-43172]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-20528]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

Upon written request, copies available from: U.S. Securities and 
Exchange Commission, Office of Investor

[[Page 43172]]

Education and Advocacy, Washington, DC 20549-0213.

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 (the ``Commission'') has submitted to the Office of 
Management and Budget a request for extension of the previously 
approved collection of information discussed below.
    Rule 35d-1 (17 CFR 270.35d-1) under the Investment Company Act of 
1940 (15 U.S.C. 80a-1 et seq.) 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 8,681 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 8,681 investment companies, approximately 29 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 response. The total 
burden hours for Rule 35d-1 is 580 per year in the aggregate (29 
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. 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.
    Please direct general comments regarding the above information to 
the following persons: (i) Desk Officer for the Securities and Exchange 
Commission, Office of Management and Budget, Room 10102, New Executive 
Office Building, Washington, DC 20503 or send an e-mail to Shagufta 
Ahmed at [email protected]; and (ii) 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: [email protected]. Comments must be submitted to OMB within 
30 days of this notice.

    Dated: August 18, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-20528 Filed 8-25-09; 8:45 am]
BILLING CODE 8010-01-P