Submission for OMB Review; Comment Request, 9453 [2010-4238]
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Federal Register / Vol. 75, No. 40 / Tuesday, March 2, 2010 / Notices
requirements in Regulation R, Rule 701
are 500 1 hours for brokers or dealers.
Please note that 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.
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 e-mail to:
Shagufta_Ahmed@comb.eop.gov; and
(ii) Charles Boucher, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Shirley
Martinson, 6432 General Green Way,
Alexandria, Virginia 22312 or send an email to PRA_Mailbox@sec.gov.
Comments must be submitted to OMB
within 30 days of this notice.
Dated: February 19, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–4239 Filed 3–1–10; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
WReier-Aviles on DSKGBLS3C1PROD with NOTICES
Extension:
Form N–Q; SEC File No. 270–519; OMB
Control No. 3235–0578.
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 (the
‘‘Commission’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
Form N–Q (17 CFR 249.332 and
274.130) is a combined reporting form
that is used for reports of registered
management investment companies
(‘‘funds’’), other than small business
investment companies registered on
Form N–5, under Section 30(b) of the
Investment Company Act of 1940 (15
U.S.C. 80a–1 et seq.) (‘‘Investment
Company Act’’) and Section 13(a) or
15(d) of the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.). Pursuant to
notices × 15 minutes) = 30,000 minutes/
60 minutes = 500 hours.
1 (2000
VerDate Nov<24>2008
15:07 Mar 01, 2010
Jkt 220001
Rule 30b1–5 under the Investment
Company Act, funds are required to file
with the Commission quarterly reports
on Form N–Q not more than 60 days
after the close of the first and third
quarters of each fiscal year containing
their complete portfolio holdings.
Form N–Q contains collection of
information requirements. The
respondents to this information
collection are management investment
companies subject to Rule 30b1–5 under
the Investment Company Act.
Approximately 8,000 portfolios are
required to file reports on Form N–Q,
which is estimated to require an average
of 21 hours per portfolio per year to
complete. The estimated annual burden
of complying with the filing
requirement is approximately 168,000
hours. The estimates of average burden
hours are made solely for the purposes
of the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) and are not
derived from a comprehensive or even
representative survey or study of the
cost of Commission rules and forms.
The collection of information under
Form N–Q is mandatory. The
information provided by the form 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.
Please direct general comments
regarding the above information to the
following persons: (i) Desk Officer for
the Securities and Exchange
Commission, Office of Management and
Budget, Room 10102, New Executive
Office Building, Washington, DC 20503
or send an e-mail to Shagufta Ahmed at
Shagufta_Ahmed@omb.eop.gov; and (ii)
Charles Boucher, Director/CIO,
Securities and Exchange Commission,
C/O Shirley Martinson, 6432 General
Green Way, Alexandria, VA 22312; or
send an e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted to OMB within 30 days of
this notice.
Dated: February 19, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–4238 Filed 3–1–10; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
PO 00000
Frm 00074
Fmt 4703
Sfmt 4703
9453
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Rule 3a–4; SEC File No. 270–401; OMB
Control No. 3235–0459.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 350l–3520), the Securities
and Exchange Commission (the
‘‘Commission’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
Rule 3a–4 (17 CFR 270.3a–4) under
the Investment Company Act of 1940
(15 U.S.C. 80a) (‘‘Investment Company
Act’’ or ‘‘Act’’) provides a nonexclusive
safe harbor from the definition of
investment company under the Act for
certain investment advisory programs.
These programs, which include ‘‘wrap
fee’’ and ‘‘mutual fund wrap’’ programs,
generally are designed to provide
professional portfolio management
services to clients who are investing less
than the minimum usually required by
portfolio managers but more than the
minimum account size of most mutual
funds. Under wrap fee and similar
programs, a client’s account is typically
managed on a discretionary basis
according to pre-selected investment
objectives. Clients with similar
investment objectives often receive the
same investment advice and may hold
the same or substantially similar
securities in their accounts. Some of
these investment advisory programs
may meet the definition of investment
company under the Act because of the
similarity of account management.
In 1997, the Commission adopted rule
3a–4, which clarifies that programs
organized and operated in a manner
consistent with the conditions of rule
3a–4 are not required to register under
the Investment Company Act or comply
with the Act’s requirements.1 These
programs differ from investment
companies because, among other things,
they provide individualized investment
advice to the client. The rule’s
provisions have the effect of ensuring
that clients in a program relying on the
rule receive advice tailored to the
client’s needs.
Rule 3a–4 provides that each client’s
account must be managed on the basis
of the client’s financial situation and
investment objectives and consistent
1 Status of Investment Advisory Programs Under
the Investment Company Act of 1940, Investment
Company Act Release No. 22579 (Mar. 24, 1997) (62
FR 15098 (Mar. 31,1997)) (‘‘Adopting Release’’). In
addition, there are no registration requirements
under section 5 of the Securities Act of 1933 for
these programs. See 17 CFR 270.3a–4, introductory
note.
E:\FR\FM\02MRN1.SGM
02MRN1
]]>Agencies
[Federal Register Volume 75, Number 40 (Tuesday, March 2, 2010)]
[Notices]
[Page 9453]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-4238]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Form N-Q; SEC File No. 270-519; OMB Control No. 3235-0578.
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 (the ``Commission'') has submitted to the Office of
Management and Budget a request for extension of the previously
approved collection of information discussed below.
Form N-Q (17 CFR 249.332 and 274.130) is a combined reporting form
that is used for reports of registered management investment companies
(``funds''), other than small business investment companies registered
on Form N-5, under Section 30(b) of the Investment Company Act of 1940
(15 U.S.C. 80a-1 et seq.) (``Investment Company Act'') and Section
13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78a et
seq.). Pursuant to Rule 30b1-5 under the Investment Company Act, funds
are required to file with the Commission quarterly reports on Form N-Q
not more than 60 days after the close of the first and third quarters
of each fiscal year containing their complete portfolio holdings.
Form N-Q contains collection of information requirements. The
respondents to this information collection are management investment
companies subject to Rule 30b1-5 under the Investment Company Act.
Approximately 8,000 portfolios are required to file reports on Form N-
Q, which is estimated to require an average of 21 hours per portfolio
per year to complete. The estimated annual burden of complying with the
filing requirement is approximately 168,000 hours. The estimates of
average burden hours are made solely for the purposes of the Paperwork
Reduction Act of 1995 (44 U.S.C. 3501 et seq.) and are not derived from
a comprehensive or even representative survey or study of the cost of
Commission rules and forms. The collection of information under Form N-
Q is mandatory. The information provided by the form 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.
Please direct general comments regarding the above information to
the following persons: (i) Desk Officer for the Securities and Exchange
Commission, Office of Management and Budget, Room 10102, New Executive
Office Building, Washington, DC 20503 or send an e-mail to Shagufta
Ahmed at Shagufta_Ahmed@omb.eop.gov; and (ii) Charles Boucher,
Director/CIO, Securities and Exchange Commission, C/O Shirley
Martinson, 6432 General Green Way, Alexandria, VA 22312; or send an e-
mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within
30 days of this notice.
Dated: February 19, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-4238 Filed 3-1-10; 8:45 am]
BILLING CODE 8011-01-P
