Rule 482 under the Securities Act of 1933 Advertising by an Investment Company as Satisfying Requirements of Section 10

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Rule_482_SUPPORTING_STATEMENT_2013[1].pdf	Supporting Statement A	Uploaded 2013-06-24	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
35403	Rule 482 under the Securities Act of 1933 Advertising by an Investment Company as Satisfying Requirements of Section 10		Modified

ICR Details

OMB Control No: 3235-0565	ICR Reference No: 201306-3235-010
Status: Historical Inactive	Previous ICR Reference No: 201103-3235-032
Agency/Subagency: SEC	Agency Tracking No: IM-270-508
Title: Rule 482 under the Securities Act of 1933 Advertising by an Investment Company as Satisfying Requirements of Section 10
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 08/28/2013
	Date Received in OIRA: 06/24/2013
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR. The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2014	36 Months From Approved	07/31/2014
Responses	58,368	0	58,368
Time Burden (Hours)	301,179	0	301,179
Cost Burden (Dollars)	0	0	0

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Abstract: Rule 482 permits registered investment companies and business development companies to advertise generally, without having to qualify the advertisement as a prospectus under Section 10(a) of the Securities Act of 1933, as amended, or to accompany or precede the advertisement with such a prospectus.

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Authorizing Statute(s): US Code: 15 USC 77j Name of Law: Securities Act of 1933
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AK61	Proposed rulemaking	78 FR 36833	06/19/2013

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Federal Register Notices & Comments

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 482 under the Securities Act of 1933 Advertising by an Investment Company as Satisfying Requirements of Section 10

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Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: Previously, the Commission estimated an annual total hour burden of approximately 301,179 hours for complying with rule 482. This number was based on a yearly estimate of 58,368 responses filed by 3,540 investment companies offering approximately 16,225 portfolios with an estimated burden of 5.16 hours per response. The Commission now estimates 302,205 total burden hours each year, a net increase of 1,026 burden hours each year for complying with rule 482 from the previous submission. This increase is due to the staff's estimates of the time costs that would result from our proposed amendments.

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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: 06/24/2013

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