[Federal Register Volume 77, Number 198 (Friday, October 12, 2012)]
[Notices]
[Pages 62271-62272]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-25089]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; 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, under the Paperwork Reduction Act of 
1995 (44 U.S.C. 3501 et seq.) (``Paperwork Reduction Act''), the 
Securities and Exchange Commission (the ``Commission'') has submitted 
to the Office of Management and Budget (``OMB'') a request for 
extension of the previously approved collection of information 
discussed below.
    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 2,490 funds, with a total of approximately 10,750 
portfolios, respond to rule 30e-1 annually. Based on conversations with 
fund representatives, we estimate that it takes approximately 84 hours 
to comply with the collection of information associated with rule 30e-1 
per portfolio. This time is spent, for example, preparing, reviewing, 
and certifying the reports. Accordingly, we calculate the total 
estimated annual internal burden of responding to rule 30e-1 to be 
approximately 903,000 hours (84 hours x 10,750 portfolios). In addition 
to the burden hours, based on conversations with fund representatives, 
we estimate that the total cost burden of compliance with the 
information collection requirements of rule 30e-1 is approximately 
$31,061 per portfolio. This includes, for example, the costs for funds 
to prepare, print, and mail the reports. Accordingly, we calculate the 
total external cost burden associated with rule 30e-1 to be 
approximately $333,905,750.
    Estimates of the 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.
    The public may view the background documentation for this 
information collection at the following Web site: www.reginfo.gov. 
Comments should be directed to: (i) Desk Officer for the

[[Page 62272]]

Securities and Exchange Commission, Office of Information and 
Regulatory Affairs, Office of Management and Budget, Room 10102, New 
Executive Office Building, Washington, DC 20503, or by sending an email 
to: [email protected]; and (ii) Thomas Bayer, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 6432 General Green Way, Alexandria, VA 22312; or send an 
email to: [email protected]. Comments must be submitted to OMB 
within 30 days of this notice.

     Dated: October 5, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-25089 Filed 10-11-12; 8:45 am]
BILLING CODE 8011-01-P