Pursuant to 5
CFR 1320.11(c), OMB files this comment on this information
collection request (ICR). In accordance with 5 CFR 1320, OMB is
withholding approval at this time. The agency shall examine public
comment in response to the NPRM and will include in the supporting
statement of the next ICR--to be submitted to OMB at the final rule
stage--a description of how the agency has responded to any public
comments on the ICR, including comments on maximizing the practical
utility of the collection and minimizing the burden.
Inventory as of this Action
Requested
Previously Approved
02/28/2013
36 Months From Approved
02/28/2013
20,920
0
20,920
1,194,532
0
1,194,532
328,444,000
0
328,444,000
Rule 30e-1 (17 CFR 270.30e-1) under
the investment companies act of 1940 (15 U.S.C. 80a-1 et. seq)
directs registered management investment companies to include
reports, required to be transmitted to shareholders by Section
30(e) (15 U.S.C. 80a-29(e)) of the Investment Company Act,
information set out in each investment company's registration
form.
US Code:
15 USC 80a-29(e) Name of Law: Investment Company Act of
1940
Previously, the Commission
estimated an annual total hour burden of approximately 1,194,532
hours for complying with rule 30e-1. This number was based on a
yearly estimate of approximately 10,460 portfolios. The Commission
now estimates an annual total hour burden of 1,148,852 hours, which
is a decrease of 45,680 burden hours from the previous submission.
With respect to the annual total cost burden, the Commission
previously estimated a total cost burden of $328,444,000. This
number was based on an estimated cost burden of approximately
$31,400 per portfolio for 10,460 portfolios. The Commission now
estimates an annual cost burden of approximately $321,000,000,
which is a decrease of approximately $7,444,000 per year. These net
decreases are due to the decrease to 10,060 in the number of
portfolios responding to rule 30e-1, and with respect to the
external cost burden, an increase in the estimated cost burden to
$31,900 per portfolio to account for the effects of inflation since
2009. The Commission believes that the proposed amendments to Forms
N-1A, N-2, and N-3 would not affect the current burdens under rule
30e-1 because funds would remain obligated to provide a table,
chart, or graph of portfolio holding by reasonably identifiable
categories. The Commission further believes that the proposed
clarification for cases when credit ratings of the NRSRO selected
by a fund are not available for certain holdings would not impose
any additional burdens because funds typically provide this
disclosure in their shareholder reports today.
$0
No
No
No
Yes
No
Uncollected
Jane Kim 202 551-6791
No
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:
(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;
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.