Submission for OMB Review; Comment Request, 6799 [E6-1786]
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Federal Register / Vol. 71, No. 27 / Thursday, February 9, 2006 / Notices
Registered management investment
companies are required to send reports
to stockholders at least twice annually.
In addition, under the recently adopted
amendments to rule 30b2–1, each
registered investment company is
required to file with the Commission
new form N–CSR, certifying the
financial statements.3 The annual
burden of filing the reports is included
in the burden estimate for Form N–CSR;
however, we are requesting one burden
hour remain in inventory for
administrative purposes.
The burden estimate for rule 30b2–1
is made solely for the purposes of the
Act and is not derived from a
comprehensive or even representative
survey or study of the costs of
Commission rules and forms.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication.
Please direct your written comments
to R. Corey Booth, Director/Chief
Information Officer, Office of
Information Technology, Securities and
Exchange Commission, 100 F Street,
NE., Washington, DC, 20549.
Dated: January 26, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6–1785 Filed 2–8–06; 8:45 am]
cprice-sewell on PROD1PC66 with NOTICES
BILLING CODE 8010–01–P
3 See Release No. 34–47262, IC–25914, Jan. 27,
2003 (68 FR 5384 [Feb. 3, 2003]). (Amending rule
30b2–1(a) under the Investment Company Act;
adopting Form N–CSR). In addition, the
Commission amended new rule 30a–2 to require
both Forms N–CSR and N–SAR to include the
certification required by section 302 of the
Sarbanes-Oxley Act. No certified shareholder report
on Form N–CSR is required with respect to a report
to shareholders that is not required under rule 30e–
1 under the Investment Company Act [17 CFR
270.30e–1], e.g., voluntary quarterly reports. These
reports to shareholders continue to be filed with the
Commission as they were prior to the 2003
amendments. Rule 30b2–1(b) [17 CFR 270.30b2–
1(b)].
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13:56 Feb 08, 2006
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SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copy Available
From: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension:
Rule 34b–1; File No. 270–305; OMB
Control No. 3235–0346.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
• Rule 34b–1 (17 CFR 270.34b–1)
under the Investment Company Act of
1940, Sales Literature Deemed to be
Misleading.
Rule 34b–1 under the Investment
Company Act governs sales material
that accompanies or follows the delivery
of a statutory prospectus (‘‘sales
literature’’). Rule 34b–1 deems to be
materially misleading any investment
company sales literature, required to be
filed with the Commission by section
24(b) of the Investment Company Act
[15 U.S.C. 80a–24(b)],1 that includes
performance data unless it also includes
the appropriate uniformly computed
data and the legend disclosure required
in advertisements by rule 482 under the
Securities Act of 1933 [17 CFR 230.482].
Requiring the inclusion of such
standardized performance data in sales
literature is designed to prevent
misleading performance claims by funds
and to enable investors to make
meaningful comparisons among fund
performance claims.
The Commission estimates that 4,500
respondents file approximately 37,000
responses with the Commission, which
include the information required by rule
34b–1. The burden from rule 34b–1
requires slightly more than 2.4 hours
per response resulting from creating the
information required under rule 34b–1.2
1 Sales literature addressed to or intended for
distribution to prospective investors shall be
deemed filed with the Commission for purposes of
section 24(b) of the Investment Company Act upon
filing with a national securities association
registered under section 15A of the Securities
Exchange Act of 1934 that has adopted rules
providing standards for the investment company
advertising practices of its members and has
established and implemented procedures to review
that advertising. See Rule 24b–3 under the
Investment Company Act [17 CFR 270.24b–3].
2 The estimated burden per response is 2.9 hours
for 686 responses and 2.4 hours for the remaining,
PO 00000
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6799
The total burden hours for rule 34b–1
are 89,143 per year in the aggregate
(37,000 responses × 2.4092702 hours per
response). 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 a representative survey or study of
the costs of Commission rules and
forms.
The collection of information under
rule 34b–1 is mandatory. The
information provided under rule 34b–1
is not 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 control number.
General comments regarding the
above information should be directed to
the following persons: (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 e-mail to:
David_Rostker@omb.eop.gov; and (ii) R.
Corey Booth, Director/Chief Information
Officer, Office of Information
Technology, Securities and Exchange
Commission, 100 F Street, NE.,
Washington, DC 20549. Comments must
be submitted to OMB within 30 days of
this notice.
Dated: January 30, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6–1786 Filed 2–8–06; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings Notice
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold the following
meeting during the week of February 13,
2006:
An Open Meeting will be held on Monday,
February 13, 2006 at 10 a.m. in the
Auditorium, Room L–002, and a Closed
Meeting will be held on Wednesday,
February 15, 2006 at 10 a.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the Closed Meeting. Certain
staff members who have an interest in
the matters may also be present.
giving a more exact weighted average burden per
response of approximately 2.4092702.
E:\FR\FM\09FEN1.SGM
09FEN1
]]>Agencies
[Federal Register Volume 71, Number 27 (Thursday, February 9, 2006)]
[Notices]
[Page 6799]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-1786]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon Written Request, Copy Available From: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549.
Extension:
Rule 34b-1; File No. 270-305; OMB Control No. 3235-0346.
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') has submitted to the Office of Management
and Budget (``OMB'') a request for extension of the previously approved
collection of information discussed below.
Rule 34b-1 (17 CFR 270.34b-1) under the Investment Company
Act of 1940, Sales Literature Deemed to be Misleading.
Rule 34b-1 under the Investment Company Act governs sales material
that accompanies or follows the delivery of a statutory prospectus
(``sales literature''). Rule 34b-1 deems to be materially misleading
any investment company sales literature, required to be filed with the
Commission by section 24(b) of the Investment Company Act [15 U.S.C.
80a-24(b)],\1\ that includes performance data unless it also includes
the appropriate uniformly computed data and the legend disclosure
required in advertisements by rule 482 under the Securities Act of 1933
[17 CFR 230.482]. Requiring the inclusion of such standardized
performance data in sales literature is designed to prevent misleading
performance claims by funds and to enable investors to make meaningful
comparisons among fund performance claims.
---------------------------------------------------------------------------
\1\ Sales literature addressed to or intended for distribution
to prospective investors shall be deemed filed with the Commission
for purposes of section 24(b) of the Investment Company Act upon
filing with a national securities association registered under
section 15A of the Securities Exchange Act of 1934 that has adopted
rules providing standards for the investment company advertising
practices of its members and has established and implemented
procedures to review that advertising. See Rule 24b-3 under the
Investment Company Act [17 CFR 270.24b-3].
---------------------------------------------------------------------------
The Commission estimates that 4,500 respondents file approximately
37,000 responses with the Commission, which include the information
required by rule 34b-1. The burden from rule 34b-1 requires slightly
more than 2.4 hours per response resulting from creating the
information required under rule 34b-1.\2\ The total burden hours for
rule 34b-1 are 89,143 per year in the aggregate (37,000 responses x
2.4092702 hours per response). 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 a representative survey or
study of the costs of Commission rules and forms.
---------------------------------------------------------------------------
\2\ The estimated burden per response is 2.9 hours for 686
responses and 2.4 hours for the remaining, giving a more exact
weighted average burden per response of approximately 2.4092702.
---------------------------------------------------------------------------
The collection of information under rule 34b-1 is mandatory. The
information provided under rule 34b-1 is not 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 control number.
General comments regarding the above information should be directed
to the following persons: (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 e-mail to: David--
Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief
Information Officer, Office of Information Technology, Securities and
Exchange Commission, 100 F Street, NE., Washington, DC 20549. Comments
must be submitted to OMB within 30 days of this notice.
Dated: January 30, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-1786 Filed 2-8-06; 8:45 am]
BILLING CODE 8010-01-P
