Rule 23c-3 (17 CFR 270.23-3) under the Investment Company Act of 1940, Repurchase Offers by Closed-End Companies and Form N-23c-3 (17 CFR 274.221) under the Investment Company Act of 1940,

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form SEC-2380 Rule 23c-3 (17 CFR 270.23-3) under the Investment Company Act of 1940, Repurchase Offers by Closed-End Companies and Form N-23c-3 (17 CFR 274.221) under the Investment Company Act of 1940,	Form	Modified	Available
Form N-23c-3 Supporting Statement - 2012.pdf	Supporting Statement A	Uploaded 2012-11-21	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
35073	Rule 23c-3 (17 CFR 270.23-3) under the Investment Company Act of 1940, Repurchase Offers by Closed-End Companies and Form N-23c-3 (17 CFR 274.221) under the Investment Company Act of 1940,	Form	Modified

ICR Details

OMB Control No: 3235-0422	ICR Reference No: 201211-3235-009
Status: Historical Active	Previous ICR Reference No: 200911-3235-015
Agency/Subagency: SEC	Agency Tracking No: IM-270-373
Title: Rule 23c-3 (17 CFR 270.23-3) under the Investment Company Act of 1940, Repurchase Offers by Closed-End Companies and Form N-23c-3 (17 CFR 274.221) under the Investment Company Act of 1940,
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: 12/30/2012
	Date Received in OIRA: 11/21/2012
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2015	36 Months From Approved	03/31/2013
Responses	80	0	311
Time Burden (Hours)	1,836	0	2,787
Cost Burden (Dollars)	599,330	0	928,962

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Abstract: Rule 23c-3 permits a closed-end investment company to make repurchase offers at net asset value. It requires the investment company to provide notification of offers to share-holders, file copies of the shareholder notifications with the Commission, file Form N-23c-3 with the Commission as a cover sheet for the shareholder notifications, state information about repurchase offers in the annual report to shareholders, adopt and review written procedures concerning liquidity, and file copies of sales literature.

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Authorizing Statute(s): US Code: 15 USC 80a-23(c) Name of Law: Investment Company Act of 1940
  

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:
	77 FR 52076	08/28/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 66881	11/07/2012
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Rule 23c-3 (17 CFR 270.23-3) under the Investment Company Act of 1940, Repurchase Offers by Closed-End Companies and Form N-23c-3 (17 CFR 274.221) under the Investment Company Act of 1940,	SEC-2380	N-23c-3

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ICR Summary of Burden

table that charts list 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	80	311	0	0	-231	0
Annual Time Burden (Hours)	1,836	2,787	0	0	-951	0
Annual Cost Burden (Dollars)	599,330	928,962	0	0	-329,632	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 total annual time burden of 1,836 hours represents a decrease of 951 hours from the prior estimate of 2,787 hours. The decrease principally results from a decrease in the number of funds relying on rule 23c-3. The total annual cost burden of $599,330 in printing and mailing costs represents a decrease of $329,632 from the last approved cost burden of $928,962. This decrease principally results from a decrease in the number of funds relying on rule 23c-3.

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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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

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: 11/21/2012

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