Rule 23c-1 Repurchase of Securities of Closed-End Companies

Forms and Documents

Document	Type	Status	Availability
Rule 23c-1.doc	Supplementary Document	Uploaded 2006-08-30	Available
Securities Lawyer--Section 23 of the Act.doc	Supplementary Document	Uploaded 2006-08-30	Available
Supporting_Statement-04.doc	Supporting Statement A	Uploaded 2009-08-18	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
42990	Rule 23c-1 "Repurchase of Securities of Closed-End Companies."		Modified

ICR Details

OMB Control No: 3235-0260	ICR Reference No: 200903-3235-008
Status: Historical Active	Previous ICR Reference No: 200608-3235-003
Agency/Subagency: SEC	Agency Tracking No: IM-270-253
Title: Rule 23c-1 Repurchase of Securities of Closed-End Companies
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/18/2009
	Date Received in OIRA: 06/08/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2012	36 Months From Approved	11/30/2009
Responses	324	0	122
Time Burden (Hours)	810	0	305
Cost Burden (Dollars)	0	0	0

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Abstract: Rule 23c-1 sets forth the conditions governing the repurchase of securities by the closed-end funds that are the issuers of those securities.

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Authorizing Statute(s): US Code: 15 USC 80a Name of Law: Investment Company Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 12407	03/24/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 27208	06/08/2009
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Rule 23c-1 "Repurchase of Securities of Closed-End Companies."

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	324	122	0	0	202	0
Annual Time Burden (Hours)	810	305	0	0	505	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The increase in burden hours from 305 hours to 810 hours is a result of an increase in the number of securities repurchases made under the rule.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 06/08/2009

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