Proposed Collection; Comment Request, 46774-46775 [2012-19084]
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46774
Federal Register / Vol. 77, No. 151 / Monday, August 6, 2012 / Notices
In interactive data format, financial
statement information could be
downloaded directly into spreadsheets
and analyzed in a variety of ways using
commercial off-the-shelf software. The
specified financial information already
is and will continue to be required to be
submitted to the Commission in
traditional format under existing
requirements. The purpose of the
interactive data requirement is to make
financial information easier for
investors to analyze and assist issuers in
automating regulatory filings and
business information processing. We
estimate that 10,229 respondents per
year will each submit an average of 4.5
reponses per year for an estimated total
of 46,031 responses. We further estimate
an internal burden of 59 hours per
response for a total annual internal
burden of 2,715,829 hours (59 hours per
response × 46,031 responses).
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 imposed by 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 Thomas Bayer, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 6432 General Green Way,
Alexandria, Virginia 22312; or send an
email to: PRA_Mailbox@sec.gov.
Dated: July 31, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–19075 Filed 8–3–12; 8:45 am]
BILLING CODE 8011–01–P
mstockstill on DSK4VPTVN1PROD with NOTICES
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Rule 30e–1, SEC File No. 270–21,
VerDate Mar<15>2010
18:04 Aug 03, 2012
Jkt 226001
OMB Control No. 3235–0025.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) (‘‘Paperwork
Reduction Act’’), the Securities and
Exchange Commission (the
‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget (‘‘OMB’’) for
extension and approval.
Rule 30e–1 (17 CFR 270.30e–1) under
the Investment Company Act of 1940
(15 U.S.C. 80a–1 et seq.) (‘‘Investment
Company Act’’) generally requires a
registered investment company (‘‘fund’’)
to transmit to its shareholders, at least
semi-annually, reports containing the
information that is required to be
included in such reports by the fund’s
registration statement form under the
Investment Company Act. The purpose
of the collection of information required
by rule 30e–1 is to provide fund
shareholders with current information
about the operation of their funds in
accordance with Section 30 of the
Investment Company Act.
Approximately 2,490 funds, with a
total of approximately 10,750 portfolios,
respond to rule 30e–1 annually. Based
on conversations with fund
representatives, we estimate that it takes
approximately 84 hours to comply with
the collection of information associated
with rule 30e–1 per portfolio. This time
is spent, for example, preparing,
reviewing, and certifying the reports.
Accordingly, we calculate the total
estimated annual internal burden of
responding to rule 30e–1 to be
approximately 903,000 hours (84 hours
× 10,750 portfolios). In addition to the
burden hours, based on conversations
with fund representatives, we estimate
that the total cost burden of compliance
with the information collection
requirements of rule 30e–1 is
approximately $31,061 per portfolio.
This includes, for example, the costs for
funds to prepare, print, and mail the
reports. Accordingly, we calculate the
total external cost burden associated
with rule 30e–1 to be approximately
$333,905,750.
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–1 is mandatory. The information
provided under rule 30e–1 will not be
kept confidential. An agency may not
conduct or sponsor, and a person is not
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Frm 00094
Fmt 4703
Sfmt 4703
required to respond to, a collection of
information unless it displays a
currently valid OMB control number.
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 Thomas Bayer, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Remi
Pavlik-Simon, 6432 General Green Way,
Alexandria, VA 22312; or send an email
to: PRA_Mailbox@sec.gov.
Dated: July 31, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–19083 Filed 8–3–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copy Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Form N–5, SEC File No. 270–172, OMB
Control No. 3235–0169.
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’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Form N–5 (17 CFR 239.24 and
274.5)—Registration Statement of Small
Business Investment Companies Under
the Securities Act of 1933 (15 U.S.C. 77a
et seq.) and the Investment Company
Act of 1940 (15 U.S.C. 80a-1 et seq.)
Form N–5 is the integrated registration
E:\FR\FM\06AUN1.SGM
06AUN1
mstockstill on DSK4VPTVN1PROD with NOTICES
Federal Register / Vol. 77, No. 151 / Monday, August 6, 2012 / Notices
statement form adopted by the
Commission for use by a small business
investment company which has been
licensed as such under the Small
Business Investment Act of 1958 and
has been notified by the Small Business
Administration that the company may
submit a license application, to register
its securities under the Securities Act of
1933 (‘‘Securities Act’’), and to register
as an investment company under
section 8 of the Investment Company
Act of 1940 (‘‘Investment Company
Act’’). The purpose of registration under
the Securities Act is to ensure that
investors are provided with material
information concerning securities
offered for public sale that will permit
investors to make informed decisions
regarding such securities. The
Commission staff reviews the
registration statements for the adequacy
and accuracy of the disclosure
contained therein. Without Form N–5,
the Commission would be unable to
carry out the requirements of the
Securities Act and the Investment
Company Act for registration of small
business investment companies. The
respondents to the collection of
information are small business
investment companies seeking to
register under the Investment Company
Act and to register their securities for
sale to the public under the Securities
Act.
Based on discussions with fund
representatives and the Commission’s
experience with the filing of Form N–5
and with disclosure documents
generally, we estimate that the reporting
burden of compliance with Form N–5 is
approximately 352 hours per
respondent. The Commission has
received one Form N–5 filing in the last
three years, for an average annual
hourly burden of 117 hours. The cost of
compliance varies considerably
depending on factors such as whether a
filing is a new registration statement or
an update to a previously effective
registration statement; whether the fund
being registered presents novel or
complex legal issues or is similar to
other funds; whether amendments are
required in response to staff comments;
and whether outside counsel and
accountants are necessary for
preparation of the filing. Based on
discussions with fund representatives
and the Commission’s experience with
the filing of Form N–5 and with
comparable disclosure documents, we
estimate that the cost of compliance
may range from less than $15,000 (for a
routine filing) to over $60,000 (for a
registration statement presenting
significant legal issues per response)
VerDate Mar<15>2010
17:11 Aug 03, 2012
Jkt 226001
with an average cost per filing of
$30,000. There has been one Form N–
5 filing in the last three years. We
therefore estimate that the average
annual cost burden to the industry is
$10,000.
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 Thomas Bayer, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Remi
Pavlik-Simon, 6432 General Green Way,
Alexandria, VA 22312; or send an email
to: PRA_Mailbox@sec.gov.
Dated: July 31, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–19084 Filed 8–3–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; 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–8B–2, SEC File No. 270–186,
OMB Control No. 3235–0186.
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’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Form N–8B–2 (17 CFR 274.12) is the
form used by unit investment trusts
(‘‘UITs’’) other than separate accounts
that are currently issuing securities,
PO 00000
Frm 00095
Fmt 4703
Sfmt 4703
46775
including UITs that are issuers of
periodic payment plan certificates and
UITs of which a management
investment company is the sponsor or
depositor, to comply with the filing and
disclosure requirements imposed by
section 8(b) of the Investment Company
Act of 1940 (15 U.S.C. 80a–8(b)). Form
N–8B–2 requires disclosure about the
organization of a UIT, its securities, the
personnel and affiliated persons of the
depositor, the distribution and
redemption of securities, the trustee or
custodian, and financial statements. The
Commission uses the information
provided in the collection of
information to determine compliance
with section 8(b) of the Investment
Company Act.
Based on the Commission’s industry
statistics, the Commission estimates that
there would be approximately two
initial filings on Form N–8B–2 and 6
post-effective amendment filings to the
Form annually. The Commission
estimates that each registrant filing an
initial Form N–8B–2 would spend 10
hours in preparing and filing the Form
and that the total hour burden for all
initial Form N–8B–2 filings would be 20
hours. Also, the Commission estimates
that each UIT filing a post-effective
amendment to Form N–8B–2 would
spend 6 hours in preparing and filing
the amendment and that the total hour
burden for all post-effective
amendments to the Form would be 36
hours. By combining the total hour
burdens estimated for initial Form N–
8B–2 filings and post-effective
amendments filings to the Form, the
Commission estimates that the total
annual burden hours for all registrants
on Form N–8B–2 would be 56.
Estimates of the burden hours are made
solely for the purposes of the PRA, and
are not derived from a comprehensive or
even a representative survey or study of
the costs of SEC rules and forms.
The information provided on Form
N–8B–2 is mandatory. The information
provided on Form N–8B–2 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.
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
E:\FR\FM\06AUN1.SGM
06AUN1
]]>Agencies
[Federal Register Volume 77, Number 151 (Monday, August 6, 2012)]
[Notices]
[Pages 46774-46775]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-19084]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copy Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Form N-5, SEC File No. 270-172, OMB Control No. 3235-0169.
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'') is soliciting comments on the
collection of information summarized below. The Commission plans to
submit this existing collection of information to the Office of
Management and Budget for extension and approval.
Form N-5 (17 CFR 239.24 and 274.5)--Registration Statement of Small
Business Investment Companies Under the Securities Act of 1933 (15
U.S.C. 77a et seq.) and the Investment Company Act of 1940 (15 U.S.C.
80a-1 et seq.) Form N-5 is the integrated registration
[[Page 46775]]
statement form adopted by the Commission for use by a small business
investment company which has been licensed as such under the Small
Business Investment Act of 1958 and has been notified by the Small
Business Administration that the company may submit a license
application, to register its securities under the Securities Act of
1933 (``Securities Act''), and to register as an investment company
under section 8 of the Investment Company Act of 1940 (``Investment
Company Act''). The purpose of registration under the Securities Act is
to ensure that investors are provided with material information
concerning securities offered for public sale that will permit
investors to make informed decisions regarding such securities. The
Commission staff reviews the registration statements for the adequacy
and accuracy of the disclosure contained therein. Without Form N-5, the
Commission would be unable to carry out the requirements of the
Securities Act and the Investment Company Act for registration of small
business investment companies. The respondents to the collection of
information are small business investment companies seeking to register
under the Investment Company Act and to register their securities for
sale to the public under the Securities Act.
Based on discussions with fund representatives and the Commission's
experience with the filing of Form N-5 and with disclosure documents
generally, we estimate that the reporting burden of compliance with
Form N-5 is approximately 352 hours per respondent. The Commission has
received one Form N-5 filing in the last three years, for an average
annual hourly burden of 117 hours. The cost of compliance varies
considerably depending on factors such as whether a filing is a new
registration statement or an update to a previously effective
registration statement; whether the fund being registered presents
novel or complex legal issues or is similar to other funds; whether
amendments are required in response to staff comments; and whether
outside counsel and accountants are necessary for preparation of the
filing. Based on discussions with fund representatives and the
Commission's experience with the filing of Form N-5 and with comparable
disclosure documents, we estimate that the cost of compliance may range
from less than $15,000 (for a routine filing) to over $60,000 (for a
registration statement presenting significant legal issues per
response) with an average cost per filing of $30,000. There has been
one Form N-5 filing in the last three years. We therefore estimate that
the average annual cost burden to the industry is $10,000.
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 Thomas Bayer, Director/Chief
Information Officer, Securities and Exchange Commission, C/O Remi
Pavlik-Simon, 6432 General Green Way, Alexandria, VA 22312; or send an
email to: PRA_Mailbox@sec.gov.
Dated: July 31, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-19084 Filed 8-3-12; 8:45 am]
BILLING CODE 8011-01-P
