Rule 30e-1 under the Investment Company Act of 1940, Reports to Stockholders of Management Companies

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
PRA Supporting Statement (FINAL).docx	Supporting Statement A	Uploaded 2014-02-12	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
34063	Rule 30e-1 under the Investment Company Act of 1940, Reports to Stockholders of Management Companies		Modified

ICR Details

OMB Control No: 3235-0025	ICR Reference No: 201402-3235-018
Status: Historical Inactive	Previous ICR Reference No: 201210-3235-002
Agency/Subagency: SEC	Agency Tracking No: IM-270-21
Title: Rule 30e-1 under the Investment Company Act of 1940, Reports to Stockholders of Management Companies
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: 05/06/2014
	Date Received in OIRA: 02/14/2014
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	11/30/2015	36 Months From Approved	11/30/2015
Responses	21,500	0	21,500
Time Burden (Hours)	903,000	0	903,000
Cost Burden (Dollars)	333,905,750	0	333,905,750

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Abstract: 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.

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Authorizing Statute(s): US Code: 15 USC 80a-29(e) 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:
3235-AL02	Proposed rulemaking	76 FR 12896	11/23/2012

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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 30e-1 under the Investment Company Act of 1940, Reports to Stockholders of Management Companies

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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 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. .

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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]? Yes

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: 02/14/2014

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