Rule Text

Securities and Exchange Commission

§ 270.30b1–5

(d) The term internal control over financial reporting is defined as a process
designed by, or under the supervision
of, the registered management investment company’s principal executive
and principal financial officers, or persons performing similar functions, and
effected by the company’s board of directors, management, and other personnel, to provide reasonable assurance
regarding the reliability of financial
reporting and the preparation of financial statements for external purposes
in accordance with generally accepted
accounting principles and includes
those policies and procedures that:
(1) Pertain to the maintenance of
records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of
the investment company;
(2) Provide reasonable assurance that
transactions are recorded as necessary
to permit preparation of financial
statements in accordance with generally accepted accounting principles,
and that receipts and expenditures of
the investment company are being
made only in accordance with authorizations of management and directors
of the investment company; and
(3) Provide reasonable assurance regarding prevention or timely detection
of unauthorized acquisition, use, or disposition of the investment company’s
assets that could have a material effect
on the financial statements.
[68 FR 36671, June 18, 2003, as amended at 69
FR 11264, Mar. 9, 2004]

wwoods2 on DSKDVH8Z91PROD with CFR

§ 270.30b1–1 Semi-annual report for
registered management investment
companies.
Every registered management investment company shall file a semi-annual
report on Form N-SAR (§ 274.101 of this
chapter) not more than sixty calendar
days after the close of each fiscal year
and fiscal second quarter. A registered
management investment company that
has filed a registration statement with
the Commission registering its securities for the first time under the Securities Act of 1933 is relieved of this reporting obligation with respect to any
reporting period or portion thereof
prior to the date on which that reg-

istration statement becomes effective
or is withdrawn.
[68 FR 5365, Feb. 3, 2003]

§ 270.30b1–2 Semi-annual report for totally-owned registered management
investment company subsidiary of
registered management investment
company.
Notwithstanding the provisions of
rules 30a–1 and 30b1–1, a registered investment company that is a totallyowned subsidiary of a registered management investment company need not
file a semi-annual report on Form NSAR if financial information with respect to that subsidiary is reported in
the parent’s semi-annual report on
Form N-SAR.
[54 FR 10321, Mar. 13, 1989]

§ 270.30b1–3 Transition reports.
Every registered management investment company filing reports on Form
N-SAR that changes its fiscal year end
shall file a report on Form N-SAR not
more than 60 calendar days after the
later of either the close of the transition period or the date of the determination to change the fiscal year end
which report shall not cover a period
longer than six months.
[68 FR 5365, Feb. 3, 2003]

§ 270.30b1–4 Report of proxy voting
record.
Every registered management investment company, other than a small
business investment company registered on Form N–5 (§§ 239.24 and 274.5
of this chapter), shall file an annual report on Form N-PX (§ 274.129 of this
chapter) not later than August 31 of
each year, containing the registrant’s
proxy voting record for the most recent
twelve-month period ended June 30.
[68 FR 6581, Feb. 7, 2003]

§ 270.30b1–5 Quarterly report.
Every registered management investment company, other than a small
business investment company registered on Form N–5 (§§ 239.24 and 274.5
of this chapter), shall file a quarterly
report on Form N-Q (§§ 249.332 and
274.130 of this chapter) not more than
60 days after the close of the first and
third quarters of each fiscal year. A

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§ 270.30b1–6T

17 CFR Ch. II (4–1–10 Edition)

registered management investment
company that has filed a registration
statement with the Commission registering its securities for the first time
under the Securities Act of 1933 is relieved of this reporting obligation with
respect to any reporting period or portion thereof prior to the date on which
that registration statement becomes
effective or is withdrawn.

wwoods2 on DSKDVH8Z91PROD with CFR

[69 FR 11264, Mar. 9, 2004]

§ 270.30b1–6T Weekly portfolio report
for certain money market funds.
(a) Notice and portfolio reports. If the
market-based NAV of a money market
fund on any business day (‘‘report
date’’) is less than 99.75 percent of the
fund’s stable net asset value per share
or stable price per share pursuant to
§ 270.2a–7(c)(1) (‘‘stable NAV’’), the fund
must, by electronic mail sent to the
electronic
address
[email protected]:
(1) Notify the Commission that its
NAV is less than 99.75 percent of its
stable NAV, and provide the Commission with a portfolio schedule as of the
report date, promptly but in no event
later than the next business day after
the report date (unless the fund is currently submitting reports pursuant to
this section); and
(2) Provide the Commission a portfolio schedule as of the last business
day of each week, no later than the
second business day of the following
week, until the fund’s market-based
NAV as of such day is 99.75 percent of
its stable NAV or greater.
(b) Definitions. For purposes of this
section:
(1) Market-based NAV means a money
market fund’s net asset value per share
calculated using available market
quotations or an appropriate substitute
approved by the fund’s board of directors as specified in the procedures that
the fund has adopted in accordance
with § 270.2a–7(c)(7) or, if the fund does
not value securities using the amortized cost method, the fund’s current
net asset value per share calculated in
accordance with § 270.2a–4 (without regard to § 270.2a–7).
(2) Money market fund means an openend management investment company
or series thereof that is registered
under the Investment Company Act

and is regulated as a money market
fund under § 270.2a–7.
(3) Portfolio schedule means a document prepared in Microsoft Excel format that contains the following information:
(i) With respect to each money market fund and class thereof,
(A) Name of the money market fund
and class;
(B) SEC file number of the money
market fund;
(C) Net asset value per share used to
effect shareholder transactions;
(D) Most recent market-based net
asset value (including the value of any
capital support agreement);
(E) Most recent market-based net
asset value (excluding the value of any
capital support agreement);
(F) Date as of which the most recent
market-based net asset value was calculated;
(G) Total assets of the fund;
(H) Total net assets of the fund; and
(I) Number of shares outstanding;
and
(ii) With respect to each security
held by the money market fund:
(A) Name of the security;
(B) CUSIP number (if any);
(C) Principal amount;
(D) Maturity date as determined
under § 270.2a–7;
(E) Final maturity date, if different
from the maturity date as determined
under § 270.2a–7;
(F) Categorization of the security’s
status as a ‘‘First Tier Security,’’
‘‘Second Tier Security’’ or a security
that is no longer an ‘‘Eligible Security’’ under § 270.2a–7;
(G) The most recent market-based
price (including the value of any capital support agreement), or appropriate
substitute for such price, in which case
the portfolio schedule or an exhibit to
it must describe with reasonable specificity the appropriate substitute;
(H) The most recent market-based
price (excluding the value of any capital support agreement), or appropriate
substitute for such price, in which case
the portfolio schedule or an exhibit to
it must describe with reasonable specificity the appropriate substitute;
(I) The amortized cost value; and

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