Rule 34b-1 (17 CFR 270.34b-1)
under the Investment Company Act of 1940, Sales Literature Deemed
to be Misleading.
Revision of a currently approved collection
No
Regular
11/17/2020
Requested
Previously Approved
36 Months From Approved
05/31/2021
337
13,004
29,378
26,008
0
0
Rule 34b-1 deems to be materially
misleading any investment company sales literature required to be
filed with the Securities and Exchange Commission by Section 24(b)
of the Investment Company Act that includes performance data,
unless the sales literature also includes the appropriate uniformly
computed data and the legend disclosure required in investment
company advertisements by rule 482 under the Securities
Act.
The increase in burden hours
for complying with rule 34b-1 is attributable to a increase in the
number of hours estimated to comply with rule 34b-1 from 26,008
hours to 29,387 hours, resulting in an increase of approximately
3,370 hours. The estimated internal cost burden associated with
rule 34b-1 would increase from $7,300,000 to 8,432,320 (an increase
of $1,132,320). The Commission continues to estimate that there is
no external cost burden associated with this rule.
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.