Proposed Collection; Comment Request, 33225 [2014-13467]
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Federal Register / Vol. 79, No. 111 / Tuesday, June 10, 2014 / Notices
emcdonald on DSK67QTVN1PROD with NOTICES
the fund board, including a majority of
the independent directors, must
determine that the plan is in the best
interests of each class and the fund as
a whole.
The requirement that the fund prepare
and directors approve a written rule
18f–3 plan is intended to ensure that the
fund compiles information relevant to
the fairness of the separate arrangement
and expense allocation for each class,
and that directors review and approve
the information. Without a blueprint
that highlights material differences
among classes, directors might not
perceive potential conflicts of interests
when they determine whether the plan
is in the best interests of each class and
the fund. In addition, the plan may be
useful to Commission staff in reviewing
the fund’s compliance with the rule.
Based on an analysis of fund filings,
the Commission estimates that there are
approximately 5,831 multiple class
funds offered by 969 registrants. The
Commission estimates that each of the
969 registrants will make an average of
0.5 responses annually to prepare and
approve a written 18f–3 plan.1 The
Commission estimates each response
will take 6 hours, requiring a total of 3
hours per registrant per year.2 Thus the
total annual hour burden associated
with these requirements of the rule is
approximately 2,907 hours.3
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
18f–3 is mandatory. The information
provided under rule 18f–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.
Written comments are invited on: (a)
Whether the collections of information
are necessary for the proper
performance of the functions of the
Commission, including whether the
information has practical utility; (b) the
accuracy of the Commission’s estimate
of the burdens of the collections of
information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
1 The Commission estimates that each registrant
prepares and approves a rule 18f–3 plan every two
years when issuing a new fund or new class or
amending a plan (or that 484.5 of all 969 registrants
prepare and approve a plan each year).
2 0.5 responses per registrant × 6 hours per
response = 3 hours per registrant.
3 3 hours per registrant per year × 969 registrants
= 2,907 hours per year.
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16:55 Jun 09, 2014
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minimize the burdens of the collections
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, Chief Information
Officer, Securities and Exchange
Commission, c/o Remi Pavlik-Simon,
100 F Street NE., Washington, DC
20549; or send an email to: PRA_
Mailbox@sec.gov.
Dated: June 4, 2014.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–13463 Filed 6–9–14; 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 24F–2; SEC File No. 270–399, OMB
Control No. 3235–0456.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501–3520), 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 24f–2 (17 CFR 270.24f–2) under
the Investment Company Act of 1940
(15 U.S.C. 80a) requires any open-end
management companies (‘‘mutual
funds’’), unit investment trusts (‘‘UITs’’)
or face-amount certificate companies
(collectively, ‘‘funds’’) deemed to have
registered an indefinite amount of
securities to file, not later than 90 days
after the end of any fiscal year in which
it has publicly offered such securities,
Form 24F–2 (17 CFR 274.24) with the
Commission. Form 24F–2 is the annual
notice of securities sold by funds that
accompanies the payment of registration
fees with respect to the securities sold
during the fiscal year.
The Commission estimates that 6946
funds file Form 24F–2 on the required
annual basis. The average annual
burden per respondent for Form 24F–2
PO 00000
Frm 00055
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Sfmt 4703
33225
is estimated to be two hours. The total
annual burden for all respondents to
Form 24F–2 is estimated to be 13,892
hours.
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act, and is not
derived from a comprehensive or even
a representative survey or study of the
costs of Commission rules.
Compliance with the collection of
information required by Form 24F–2 is
mandatory. The Form 24F–2 filing that
must be made to the Commission is
available to the public. 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 Commission requests written
comments on: (a) Whether the collection
of information is necessary for the
proper performance of the functions of
the Commission, including whether the
information has practical utility; (b) the
accuracy of the Commission’s estimate
of the burdens 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, Chief Information
Officer, Securities and Exchange
Commission, C/O Remi Pavlik-Simon,
100 F Street NE., Washington, DC
20549; or send an email to: PRA_
Mailbox@sec.gov.
Dated: June 4, 2014.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–13467 Filed 6–9–14; 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:
Rule 0–1;
SEC File No. 270–472, OMB Control No.
3235–0531.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
E:\FR\FM\10JNN1.SGM
10JNN1
]]>Agencies
[Federal Register Volume 79, Number 111 (Tuesday, June 10, 2014)]
[Notices]
[Page 33225]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-13467]
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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 24F-2; SEC File No. 270-399, OMB Control No. 3235-0456.
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501-3520), 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 24f-2 (17 CFR 270.24f-2) under the Investment Company Act of
1940 (15 U.S.C. 80a) requires any open-end management companies
(``mutual funds''), unit investment trusts (``UITs'') or face-amount
certificate companies (collectively, ``funds'') deemed to have
registered an indefinite amount of securities to file, not later than
90 days after the end of any fiscal year in which it has publicly
offered such securities, Form 24F-2 (17 CFR 274.24) with the
Commission. Form 24F-2 is the annual notice of securities sold by funds
that accompanies the payment of registration fees with respect to the
securities sold during the fiscal year.
The Commission estimates that 6946 funds file Form 24F-2 on the
required annual basis. The average annual burden per respondent for
Form 24F-2 is estimated to be two hours. The total annual burden for
all respondents to Form 24F-2 is estimated to be 13,892 hours.
The estimate of average burden hours is made solely for the
purposes of the Paperwork Reduction Act, and is not derived from a
comprehensive or even a representative survey or study of the costs of
Commission rules.
Compliance with the collection of information required by Form 24F-
2 is mandatory. The Form 24F-2 filing that must be made to the
Commission is available to the public. 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 Commission requests written comments on: (a) Whether the
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information has
practical utility; (b) the accuracy of the Commission's estimate of the
burdens 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, Chief
Information Officer, Securities and Exchange Commission, C/O Remi
Pavlik-Simon, 100 F Street NE., Washington, DC 20549; or send an email
to: PRA_Mailbox@sec.gov.
Dated: June 4, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-13467 Filed 6-9-14; 8:45 am]
BILLING CODE 8011-01-P
