Proposed Collection; Comment Request, 42845 [2014-17281]
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Federal Register / Vol. 79, No. 141 / Wednesday, July 23, 2014 / Notices
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than a small business investment
company registered on Form N–5
(‘‘Funds’’), to file Form N–PX not later
than August 31 of each year. Funds use
Form N–PX to file annual reports with
the Commission containing their
complete proxy voting record for the
most recent twelve-month period ended
June 30.
The Commission estimates that there
are approximately 2,500 Funds
registered with the Commission,
representing approximately 10,000
Fund portfolios, which are required to
file Form N–PX.1 The 10,000 portfolios
are comprised of 6,200 portfolios
holding equity securities and 3,800
portfolios holding no equity securities.
The staff estimates that portfolios
holding no equity securities require
approximately a 0.17 hour burden per
response and those holding equity
securities require 7.2 hours per
response. The overall estimated annual
burden is therefore approximately
45,300 hours ((6,200 responses × 7.2
hours per response for equity holding
portfolios) + (3,800 responses × 0.17
hours per response for non-equity
holding portfolios)). Based on the
estimated wage rate, the total cost to the
industry of the hour burden for
complying with Form N–PX would be
approximately $14.5 million.
The Commission also estimates that
portfolios holding equity securities will
bear an external cost burden of $1,000
per portfolio to prepare and update
Form N–PX. Based on this estimate, the
Commission estimates that the total
annualized cost burden for Form N–PX
is $6.2 million (6,200 responses x
$1,000 per response = $6,200,000).
The collection of information under
Form N–PX is mandatory. The
information provided under 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 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
1 The estimate of 2,500 Funds is based on the
number of management investment companies
currently registered with the Commission. We
estimate, based on data from the Investment
Company Institute and other sources, that there are
approximately 5,700 Fund portfolios that invest
primarily in equity securities, 500 ‘‘hybrid’’ or bond
portfolios that may hold some equity securities,
3,200 bond Funds that hold no equity securities,
and 600 money market Funds, for a total of 10,000
portfolios required to file Form N–PX.
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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: July 17, 2014.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–17280 Filed 7–22–14; 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 FOIA Services,
100 F Street NE., Washington, DC
20549–2736.
Extension:
Rule 30b2–1; SEC File No. 270–213, OMB
Control No. 3235–0220.
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 the existing collection
of information to the Office of
Management and Budget (‘‘OMB’’) for
extension and approval.
Rule 30b2–1 (17 CFR 270.30b2–1)
under the Investment Company Act of
1940 (15 U.S.C. 80a-1 et seq.) (the
‘‘Investment Company Act’’) requires a
registered investment company (‘‘fund’’)
to (1) file a report with the Commission
on Form N–CSR (17 CFR 249.331 and
274.128) not later than 10 days after the
transmission of any report required to
be transmitted to shareholders under
rule 30e–1 under the Investment
Company Act, and (2) file with the
Commission a copy of every periodic or
interim report or similar communication
containing financial statements that is
transmitted by or on behalf of such fund
to any class of such fund’s security
holders and that is not required to be
PO 00000
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42845
filed with the Commission under (1)
above, not later than 10 days after the
transmission to security holders. The
purpose of the collection of information
required by rule 30b2–1 is to meet the
disclosure requirements of the
Investment Company Act and
certification requirements of the
Sarbanes-Oxley Act of 2002 (Pub. L.
107–204, 116 Stat. 745 (2002)), and to
provide investors with information
necessary to evaluate an interest in the
fund.
The Commission estimates that there
are 2,430 funds, with a total of 11,080
portfolios, that are governed by the rule.
For purposes of this analysis, the
burden associated with the
requirements of rule 30b2–1 has been
included in the collection of
information requirements of rule 30e–1
and Form N–CSR, rather than the rule.
The Commission has, however,
requested a one hour burden for
administrative purposes.
The collection of information under
rule 30b2–1 is mandatory. The
information provided under rule 30b2–
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 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, 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: July 17, 2014.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–17281 Filed 7–22–14; 8:45 am]
BILLING CODE 8011–01–P
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]]>Agencies
[Federal Register Volume 79, Number 141 (Wednesday, July 23, 2014)]
[Notices]
[Page 42845]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-17281]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC
20549-2736.
Extension:
Rule 30b2-1; SEC File No. 270-213, OMB Control No. 3235-0220.
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 the existing collection of information to the Office of
Management and Budget (``OMB'') for extension and approval.
Rule 30b2-1 (17 CFR 270.30b2-1) under the Investment Company Act of
1940 (15 U.S.C. 80a-1 et seq.) (the ``Investment Company Act'')
requires a registered investment company (``fund'') to (1) file a
report with the Commission on Form N-CSR (17 CFR 249.331 and 274.128)
not later than 10 days after the transmission of any report required to
be transmitted to shareholders under rule 30e-1 under the Investment
Company Act, and (2) file with the Commission a copy of every periodic
or interim report or similar communication containing financial
statements that is transmitted by or on behalf of such fund to any
class of such fund's security holders and that is not required to be
filed with the Commission under (1) above, not later than 10 days after
the transmission to security holders. The purpose of the collection of
information required by rule 30b2-1 is to meet the disclosure
requirements of the Investment Company Act and certification
requirements of the Sarbanes-Oxley Act of 2002 (Pub. L. 107-204, 116
Stat. 745 (2002)), and to provide investors with information necessary
to evaluate an interest in the fund.
The Commission estimates that there are 2,430 funds, with a total
of 11,080 portfolios, that are governed by the rule. For purposes of
this analysis, the burden associated with the requirements of rule
30b2-1 has been included in the collection of information requirements
of rule 30e-1 and Form N-CSR, rather than the rule. The Commission has,
however, requested a one hour burden for administrative purposes.
The collection of information under rule 30b2-1 is mandatory. The
information provided under rule 30b2-1 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 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, 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: July 17, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-17281 Filed 7-22-14; 8:45 am]
BILLING CODE 8011-01-P
