30 Day Notice

3235-0758.pdf

Rule 30e-3 (17 CFR 270.30e-3) under the Investment Company Act of 1940, "Internet availability of reports to shareholders"

30 Day Notice

OMB: 3235-0758

Document [pdf]
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Federal Register / Vol. 87, No. 71 / Wednesday, April 13, 2022 / Notices
At any time within 60 days of the
filing of the proposed rule change, the
Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:

jspears on DSK121TN23PROD with NOTICES1

Electronic Comments
• Use the Commission’s internet
comment form (http://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
NYSEArca–2022–17 on the subject line.
Paper Comments
• Send paper comments in triplicate
to: Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–NYSEArca–2022–17. This
file number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
internet website (http://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE,
Washington, DC 20549 on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of the
filing also will be available for
inspection and copying at the principal
office of the Exchange. All comments
received will be posted without change.
Persons submitting comments are
cautioned that we do not redact or edit
personal identifying information from
comment submissions. You should
submit only information that you wish
to make available publicly. All

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submissions should refer to File
Number SR–NYSEArca–2022–17 and
should be submitted on or before May
4, 2022.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.32
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–07852 Filed 4–12–22; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–802, OMB Control No.
3235–0758]

Submission for OMB Review;
Comment Request; Extension: Rule
30e–3
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that, under the
Paperwork Reduction Act of 1995 (44
U.S.C. 3501 et seq.), (‘‘Paperwork
Reduction Act’’) the Securities and
Exchange Commission (the
‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
Section 30(e) of the Investment
Company Act of 1940 (15 U.S.C. 80a–1
et seq.) (‘‘Investment Company Act’’)
requires a registered investment
company (‘‘fund’’) to transmit to its
shareholders, at least semi-annually,
reports containing financial statements
and other financial information as the
Commission may prescribe by rules and
regulations. Rules 30e–1 (17 CFR
270.30e–1) and 30e–2 (17 CFR 270.30e–
2) under the Investment Company Act
require most funds to send their
shareholders annual and semiannual
reports containing financial information
on the fund.
Rule 30e–3 (17 CFR 270.30e–3) under
the Investment Company Act (15 U.S.C.
80a–1 et seq.) provides certain funds
and unit investment trusts with an
optional method to satisfy shareholder
report transmission requirements by
making such reports and certain other
materials publicly accessible on a
website, as long as they satisfy certain
other conditions of the rule regarding:
(a) Availability of the report and other
materials; (b) notice to investors of the
website availability of the report; and (c)

22001

delivery of paper copies of materials
upon request. Reliance on the rule is
voluntary. Responses to the disclosure
requirements are not kept confidential.
The Commission estimates that
13,079 funds could rely on rule 30e–3.
Of these funds, we estimate that 90% (or
11,771 funds) are currently relying on
rule 30e–3. With respect to these 11,771
funds, we estimate that 90% (or 10,594
funds) already post shareholder reports
on their websites for other purposes. In
total, rule 30e 3 will impose an average
total annual hour burden of 24,719
hours on applicable funds. Based on the
Commission’s estimate of 24,719 hours
and an estimated wage rate of about
$362 per hour, the total annual cost to
registrants of the hour burden for
complying with rule 30–3 is about $8.9
million.
Estimates of average burden hours are
made solely for the purposes of the
Paperwork Reduction Act and are not
derived from a comprehensive or even
representative survey or study of the
costs of Commission rules and forms.
The collection of information under rule
30e–3 is mandatory. The information
provided under rule 30e–3 will not be
kept confidential. An agency may not
conduct or sponsor, and a person is not
required to respond to, a collection of
information unless it displays a
currently valid OMB control number.
The public may view the background
documentation for this information
collection at the following website,
www.reginfo.gov. Comments should be
directed to: (i) Desk Officer for the
Securities and Exchange Commission,
Office of Information and Regulatory
Affairs, Office of Management and
Budget, Room 10102, New Executive
Office Building, Washington, DC 20503,
or by sending an email to:
[email protected]; and (ii)
David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John R.
Pezzullo, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
[email protected]. Written comments
and recommendations for the proposed
information collection should be sent
within 30 days May 13, 2022 of
publication of this notice to
www.reginfo.gov/public/do/PRAMain.
Find this particular information
collection by selecting ‘‘Currently under
30-day Review—Open for Public
Comments’’ or by using the search
function.
Dated: April 7, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–07832 Filed 4–12–22; 8:45 am]

32 17

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CFR 200.30–3(a)(12).

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