Submission of OMB Review; Comment Request, 45689-45690 [2015-18765]

Download as PDF Federal Register / Vol. 80, No. 147 / Friday, July 31, 2015 / Notices publication of notice of filing of this proposed rule change is July 27, 2015. The Commission is extending the 45day time period for Commission action on the proposed rule change. ICC’s proposed rule change would revise the ICC Risk Management Framework to extend its General Wrong Way Risk framework to the portfolio level to account for the potential accumulation of portfolio wrong way risk through Risk Factor specific wrong way risk exposures. The Commission finds it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider ICC’s proposed rule change. Accordingly, the Commission, pursuant to section 19(b)(2) of the Act,5 designates September 10, 2015, as the date by which the Commission should either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR–ICC–2015– 009). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6 Robert W. Errett, Deputy Secretary. [FR Doc. 2015–18769 Filed 7–30–15; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Submission of OMB Review; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE., Washington, DC 20549–2736. asabaliauskas on DSK5VPTVN1PROD with NOTICES Extension: Rule 31a–2; SEC File No. 270–174, OMB Control No. 3235–0179. 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. Section 31(a)(1) of the Investment Company Act of 1940 (the ‘‘Act’’) (15 U.S.C. 80a–30(a)(1)) requires registered investment companies (‘‘funds’’) and certain underwriters, broker-dealers, investment advisers, and depositors to maintain and preserve records as 5 15 6 17 U.S.C. 78s(b)(2). CFR 200.30–3(a)(31). VerDate Sep<11>2014 17:44 Jul 30, 2015 Jkt 235001 prescribed by Commission rules. Rule 31a–1 under the Act (17 CFR 270.31a– 1) specifies the books and records that each of these entities must maintain. Rule 31a–2 under the Act (17 CFR 270.31a–2), which was adopted on April 17, 1944, specifies the time periods that entities must retain certain books and records, including those required to be maintained under rule 31a–1. Rule 31a–2 requires the following: 1. Every fund must preserve permanently, and in an easily accessible place for the first two years, all books and records required under rule 31a– 1(b)(1)–(4).1 2. Every fund must preserve for at least six years, and in an easily accessible place for the first two years: a. All books and records required under rule 31a–1(b)(5)–(12); 2 b. all vouchers, memoranda, correspondence, checkbooks, bank statements, canceled checks, cash reconciliations, canceled stock certificates, and all schedules evidencing and supporting each computation of net asset value of fund shares, and other documents required to be maintained by rule 31a–1(a) and not enumerated in rule 31a–1(b); c. any advertisement, pamphlet, circular, form letter or other sales literature addressed or intended for distribution to prospective investors; d. any record of the initial determination that a director is not an interested person of the fund, and each subsequent determination that the director is not an interested person of the fund, including any questionnaire and any other document used to determine that a director is not an interested person of the company; e. any materials used by the disinterested directors of a fund to determine that a person who is acting as legal counsel to those directors is an independent legal counsel; and f. any documents or other written information considered by the directors 1 These include, among other records, journals detailing daily purchases and sales of securities, general and auxiliary ledgers reflecting all asset, liability, reserve, capital, income and expense accounts, separate ledgers reflecting separately for each portfolio security as of the trade date all ‘‘long’’ and ‘‘short’’ positions carried by the fund for its own account, and corporate charters, certificates of incorporation, by-laws and minute books. 2 These include, among other records, records of each brokerage order given in connection with purchases and sales of securities by the fund, records of all other portfolio purchases or sales, records of all puts, calls, spreads, straddles or other options in which the fund has an interest, has granted, or has guaranteed, records of proof of money balances in all ledger accounts, files of all advisory material received from the investment adviser, and memoranda identifying persons, committees, or groups authorizing the purchase or sale of securities for the fund. PO 00000 Frm 00051 Fmt 4703 Sfmt 4703 45689 of the fund pursuant to section 15(c) of the Act (15 U.S.C. 80a–15(c)) in approving the terms or renewal of a contract or agreement between the fund and an investment advisor.3 3. Every underwriter, broker, or dealer that is a majority-owned subsidiary of a fund must preserve records required to be preserved by brokers and dealers under rules adopted under section 17 of the Securities Exchange Act of 1934 (15 U.S.C. 78q) (‘‘section 17’’) for the periods established in those rules. 4. Every depositor of a fund, and every principal underwriter of a fund (other than a closed-end fund), must preserve for at least six years records required to be maintained by brokers and dealers under rules adopted under section 17 to the extent the records are necessary or appropriate to record the entity’s transactions with the fund. 5. Every investment adviser that is a majority-owned subsidiary of a fund must preserve the records required to be preserved by investment advisers under rules adopted under section 204 of the Investment Advisers Act of 1940 (15 U.S.C. 80b–4) (‘‘section 204’’) for the periods specified in those rules. 6. Every investment adviser that is not a majority-owned subsidiary of a fund must preserve for at least six years records required to be maintained by registered investment advisers under rules adopted under section 204 to the extent the records are necessary or appropriate to reflect the adviser’s transactions with the fund. The records required to be maintained and preserved under this part may be maintained and preserved for the required time by, or on behalf of, a fund on (i) micrographic media, including microfilm, microfiche, or any similar medium, or (ii) electronic storage media, including any digital storage medium or system that meets the terms of rule 31a– 2(f). The fund, or person that maintains and preserves records on its behalf, must arrange and index the records in a way that permits easy location, access, and retrieval of any particular record.4 3 Section 15 of the Act requires that fund directors, including a majority of independent directors, annually approve the fund’s advisory contract and that the directors first obtain from the adviser the information reasonably necessary to evaluate the contract. The information request requirement in section 15 provides fund directors, including independent directors, a tool for obtaining the information they need to represent shareholder interests. 4 In addition, the fund, or person who maintains and preserves records for the fund, must provide promptly any of the following that the Commission (by its examiners or other representatives) or the directors of the fund may request: (A) A legible, true, and complete copy of the record in the medium and format in which it is stored; (B) a E:\FR\FM\31JYN1.SGM Continued 31JYN1 45690 Federal Register / Vol. 80, No. 147 / Friday, July 31, 2015 / Notices asabaliauskas on DSK5VPTVN1PROD with NOTICES We periodically inspect the operations of all funds to ensure their compliance with the provisions of the Act and the rules under the Act. Our staff spends a significant portion of its time in these inspections reviewing the information contained in the books and records required to be kept by rule 31a– 1 and to be preserved by rule 31a–2. There are 3146 funds currently operating as of December 31, 2014, all of which are required to comply with rule 31a–2. Based on conversations with representatives of the fund industry and past estimates, our staff estimates that each fund currently spends 220 total hours per year complying with rule 31a–2. Our staff estimates that the 220 hours spent by typical fund would be split evenly between administrative and computer operation personnel,5 with 110 hours spent by a general clerk at a rate of $57 per hour and 110 hours spent by a senior computer operator at a rate of $87 per hour.6 Based on these estimates, our staff estimates that the total annual burden for all funds to comply with rule 31a–2 is 692,120 hours at an estimated cost of $49,832,640.7 The hour burden estimates for retaining records under rule 31a–2 are based on our experience with registrants and our experience with similar requirements under the Act and the rules under the Act. The number of burden hours may vary depending on, among other things, the complexity of the fund, the issues faced by the fund, legible, true, and complete printout of the record; and (C) means to access, view, and print the records; and must separately store, for the time required for preservation of the original record, a duplicate copy of the record on any medium allowed by rule 31a–2(f). In the case of records retained on electronic storage media, the fund, or person that maintains and preserves records on its behalf, must establish and maintain procedures: (i) To maintain and preserve the records, so as to reasonably safeguard them from loss, alteration, or destruction; (ii) to limit access to the records to properly authorized personnel, the directors of the fund, and the Commission (including its examiners and other representatives); and (iii) to reasonably ensure that any reproduction of a non-electronic original record on electronic storage media is complete, true, and legible when retrieved. 5 However, the hour burden may be incurred by a variety of fund staff, and the type of staff position used for compliance with the rule may vary widely from fund to fund. 6 The estimated salary rates are derived from SIFMA’s Office Salaries in the Securities Industry 2013, modified by Commission staff to account for an 1800-hour work-year and multiplied by 2.93 to account for bonuses, firm size, employee benefits and overhead. 7 This estimate is based on the following calculations: 3146 funds × 220 hours = 692,120 total hours; 692,120 hours/2 = 346,060 hours; 346,060 × $57 rate per hour for a clerk = $19,725,420; 346,060 × $87 rate per hour for a computer operator = $30,107,220; $19,725,420 + $30,107,220 = $49,832,640 total cost. VerDate Sep<11>2014 17:44 Jul 30, 2015 Jkt 235001 and the number of series and classes of the fund. The estimated average burden hours are made solely for purposes of the Paperwork Reduction Act and are not derived from quantitative, comprehensive, or even representative survey or study of the burdens associated with our rules and forms. Based on conversations with representatives of the fund industry and past estimates, our staff estimates that the average cost of preserving books and records required by rule 31a–2 is approximately $74,782 annually per fund.8 As discussed previously, there are 3,146 funds currently operating, for a total cost of preserving records as required by rule 31a–2 of approximately $235,264,172 per year.9 Our staff understands, however, based on previous conversations with representatives of the fund industry, that even in the absence of rule 31a–2 funds would already spend approximately half of this amount ($117,632,086) to preserve these same books and records, as they are also necessary to prepare financial statements, meet various state reporting requirements, and prepare their annual federal and state income tax returns. Therefore, we estimate that the total annual cost burden for all funds as a result of compliance with rule 31a–2 is approximately $117,632,086 per year. 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 and forms. The collection of information under rule 31a–2 is mandatory for all funds. 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. The public may view the background documentation for this information collection at the following Web site, www.reginfo.gov. Comments should be 8 This estimate is based on staff’s 2012 estimate of costs of preserving books and records required by rule 31a–2 ($70,000), adjusted for inflation to January 2015 values using the Personal Consumption Expenditures Chain-Type Price Index (‘‘PCE Index’’). The values of the PCE Index are available from the Bureau of Economic Analysis, a bureau of the Department of Commerce. See Bureau of Economic Analysis, Table 2.8.6. Real Personal Consumption Expenditures by Major Type of Product, Monthly, Chained Dollars (Last Revised on March 2, 2015), available at http://www.bea.gov/ iTable/iTable.cfm?ReqID=9&step=1#reqid=9& step=3&isuri=1&903=83. Thus, $70,000 (2012 estimate) × 11,163.6 (Jan. 2015 PCE Index value)/ 10,449.7 (2012 PCE Index value) = $74,782 (Jan. 2015 inflation adjusted estimate). 9 This estimate is based on the following calculation: 3,146 funds × $74,782 = $235,264,172. PO 00000 Frm 00052 Fmt 4703 Sfmt 4703 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 email to: Shagufta_ Ahmed@omb.eop.gov; and (ii) Pamela Dyson, Director/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. Comments must be submitted to OMB within 30 days of this notice. Dated: July 27, 2015. Robert W. Errett, Deputy Secretary. [FR Doc. 2015–18765 Filed 7–30–15; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–75528; File No. SR–OCC– 2015–013] Self-Regulatory Organizations; The Options Clearing Corporation; Order Approving a Proposed Rule Change To Codify Procedures for Resizing the Options Clearing Corporation’s Clearing Fund on a Monthly Basis and Increasing Such Clearing Fund Size on an Intra-Month Basis July 27, 2015. On June 19, 2015, The Options Clearing Corporation (‘‘OCC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change SR–OCC–2015– 013 pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder.2 The proposed rule change was published for comment in the Federal Register on June 26, 2015.3 The Commission did not receive any comments on the proposed rule change. This order approves the proposed rule change. I. Description According to OCC, it is amending Rule 1001(a) to codify the Commission’s recent approval of and non-objection to procedures for resizing the clearing fund on a monthly basis and increasing such clearing fund size on an intra-month basis to ensure OCC maintains sufficient financial resources consistent with 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 Securities Exchange Act Release No. 75260 (June 22, 2015), 80 FR 36867 (June 26, 2015) (SR– OCC–2015–013). 2 17 E:\FR\FM\31JYN1.SGM 31JYN1

Agencies

[Federal Register Volume 80, Number 147 (Friday, July 31, 2015)]
[Notices]
[Pages 45689-45690]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-18765]


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SECURITIES AND EXCHANGE COMMISSION


Submission of OMB Review; 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 31a-2; SEC File No. 270-174, OMB Control No. 3235-0179.

    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.
    Section 31(a)(1) of the Investment Company Act of 1940 (the 
``Act'') (15 U.S.C. 80a-30(a)(1)) requires registered investment 
companies (``funds'') and certain underwriters, broker-dealers, 
investment advisers, and depositors to maintain and preserve records as 
prescribed by Commission rules. Rule 31a-1 under the Act (17 CFR 
270.31a-1) specifies the books and records that each of these entities 
must maintain. Rule 31a-2 under the Act (17 CFR 270.31a-2), which was 
adopted on April 17, 1944, specifies the time periods that entities 
must retain certain books and records, including those required to be 
maintained under rule 31a-1.
    Rule 31a-2 requires the following:
    1. Every fund must preserve permanently, and in an easily 
accessible place for the first two years, all books and records 
required under rule 31a-1(b)(1)-(4).\1\
---------------------------------------------------------------------------

    \1\ These include, among other records, journals detailing daily 
purchases and sales of securities, general and auxiliary ledgers 
reflecting all asset, liability, reserve, capital, income and 
expense accounts, separate ledgers reflecting separately for each 
portfolio security as of the trade date all ``long'' and ``short'' 
positions carried by the fund for its own account, and corporate 
charters, certificates of incorporation, by-laws and minute books.
---------------------------------------------------------------------------

    2. Every fund must preserve for at least six years, and in an 
easily accessible place for the first two years:
    a. All books and records required under rule 31a-1(b)(5)-(12); \2\
---------------------------------------------------------------------------

    \2\ These include, among other records, records of each 
brokerage order given in connection with purchases and sales of 
securities by the fund, records of all other portfolio purchases or 
sales, records of all puts, calls, spreads, straddles or other 
options in which the fund has an interest, has granted, or has 
guaranteed, records of proof of money balances in all ledger 
accounts, files of all advisory material received from the 
investment adviser, and memoranda identifying persons, committees, 
or groups authorizing the purchase or sale of securities for the 
fund.
---------------------------------------------------------------------------

    b. all vouchers, memoranda, correspondence, checkbooks, bank 
statements, canceled checks, cash reconciliations, canceled stock 
certificates, and all schedules evidencing and supporting each 
computation of net asset value of fund shares, and other documents 
required to be maintained by rule 31a-1(a) and not enumerated in rule 
31a-1(b);
    c. any advertisement, pamphlet, circular, form letter or other 
sales literature addressed or intended for distribution to prospective 
investors;
    d. any record of the initial determination that a director is not 
an interested person of the fund, and each subsequent determination 
that the director is not an interested person of the fund, including 
any questionnaire and any other document used to determine that a 
director is not an interested person of the company;
    e. any materials used by the disinterested directors of a fund to 
determine that a person who is acting as legal counsel to those 
directors is an independent legal counsel; and
    f. any documents or other written information considered by the 
directors of the fund pursuant to section 15(c) of the Act (15 U.S.C. 
80a-15(c)) in approving the terms or renewal of a contract or agreement 
between the fund and an investment advisor.\3\
---------------------------------------------------------------------------

    \3\ Section 15 of the Act requires that fund directors, 
including a majority of independent directors, annually approve the 
fund's advisory contract and that the directors first obtain from 
the adviser the information reasonably necessary to evaluate the 
contract. The information request requirement in section 15 provides 
fund directors, including independent directors, a tool for 
obtaining the information they need to represent shareholder 
interests.
---------------------------------------------------------------------------

    3. Every underwriter, broker, or dealer that is a majority-owned 
subsidiary of a fund must preserve records required to be preserved by 
brokers and dealers under rules adopted under section 17 of the 
Securities Exchange Act of 1934 (15 U.S.C. 78q) (``section 17'') for 
the periods established in those rules.
    4. Every depositor of a fund, and every principal underwriter of a 
fund (other than a closed-end fund), must preserve for at least six 
years records required to be maintained by brokers and dealers under 
rules adopted under section 17 to the extent the records are necessary 
or appropriate to record the entity's transactions with the fund.
    5. Every investment adviser that is a majority-owned subsidiary of 
a fund must preserve the records required to be preserved by investment 
advisers under rules adopted under section 204 of the Investment 
Advisers Act of 1940 (15 U.S.C. 80b-4) (``section 204'') for the 
periods specified in those rules.
    6. Every investment adviser that is not a majority-owned subsidiary 
of a fund must preserve for at least six years records required to be 
maintained by registered investment advisers under rules adopted under 
section 204 to the extent the records are necessary or appropriate to 
reflect the adviser's transactions with the fund.
    The records required to be maintained and preserved under this part 
may be maintained and preserved for the required time by, or on behalf 
of, a fund on (i) micrographic media, including microfilm, microfiche, 
or any similar medium, or (ii) electronic storage media, including any 
digital storage medium or system that meets the terms of rule 31a-2(f). 
The fund, or person that maintains and preserves records on its behalf, 
must arrange and index the records in a way that permits easy location, 
access, and retrieval of any particular record.\4\
---------------------------------------------------------------------------

    \4\ In addition, the fund, or person who maintains and preserves 
records for the fund, must provide promptly any of the following 
that the Commission (by its examiners or other representatives) or 
the directors of the fund may request: (A) A legible, true, and 
complete copy of the record in the medium and format in which it is 
stored; (B) a legible, true, and complete printout of the record; 
and (C) means to access, view, and print the records; and must 
separately store, for the time required for preservation of the 
original record, a duplicate copy of the record on any medium 
allowed by rule 31a-2(f). In the case of records retained on 
electronic storage media, the fund, or person that maintains and 
preserves records on its behalf, must establish and maintain 
procedures: (i) To maintain and preserve the records, so as to 
reasonably safeguard them from loss, alteration, or destruction; 
(ii) to limit access to the records to properly authorized 
personnel, the directors of the fund, and the Commission (including 
its examiners and other representatives); and (iii) to reasonably 
ensure that any reproduction of a non-electronic original record on 
electronic storage media is complete, true, and legible when 
retrieved.

---------------------------------------------------------------------------

[[Page 45690]]

    We periodically inspect the operations of all funds to ensure their 
compliance with the provisions of the Act and the rules under the Act. 
Our staff spends a significant portion of its time in these inspections 
reviewing the information contained in the books and records required 
to be kept by rule 31a-1 and to be preserved by rule 31a-2.
    There are 3146 funds currently operating as of December 31, 2014, 
all of which are required to comply with rule 31a-2. Based on 
conversations with representatives of the fund industry and past 
estimates, our staff estimates that each fund currently spends 220 
total hours per year complying with rule 31a-2. Our staff estimates 
that the 220 hours spent by typical fund would be split evenly between 
administrative and computer operation personnel,\5\ with 110 hours 
spent by a general clerk at a rate of $57 per hour and 110 hours spent 
by a senior computer operator at a rate of $87 per hour.\6\ Based on 
these estimates, our staff estimates that the total annual burden for 
all funds to comply with rule 31a-2 is 692,120 hours at an estimated 
cost of $49,832,640.\7\
---------------------------------------------------------------------------

    \5\ However, the hour burden may be incurred by a variety of 
fund staff, and the type of staff position used for compliance with 
the rule may vary widely from fund to fund.
    \6\ The estimated salary rates are derived from SIFMA's Office 
Salaries in the Securities Industry 2013, modified by Commission 
staff to account for an 1800-hour work-year and multiplied by 2.93 
to account for bonuses, firm size, employee benefits and overhead.
    \7\ This estimate is based on the following calculations: 3146 
funds x 220 hours = 692,120 total hours; 692,120 hours/2 = 346,060 
hours; 346,060 x $57 rate per hour for a clerk = $19,725,420; 
346,060 x $87 rate per hour for a computer operator = $30,107,220; 
$19,725,420 + $30,107,220 = $49,832,640 total cost.
---------------------------------------------------------------------------

    The hour burden estimates for retaining records under rule 31a-2 
are based on our experience with registrants and our experience with 
similar requirements under the Act and the rules under the Act. The 
number of burden hours may vary depending on, among other things, the 
complexity of the fund, the issues faced by the fund, and the number of 
series and classes of the fund. The estimated average burden hours are 
made solely for purposes of the Paperwork Reduction Act and are not 
derived from quantitative, comprehensive, or even representative survey 
or study of the burdens associated with our rules and forms.
    Based on conversations with representatives of the fund industry 
and past estimates, our staff estimates that the average cost of 
preserving books and records required by rule 31a-2 is approximately 
$74,782 annually per fund.\8\ As discussed previously, there are 3,146 
funds currently operating, for a total cost of preserving records as 
required by rule 31a-2 of approximately $235,264,172 per year.\9\ Our 
staff understands, however, based on previous conversations with 
representatives of the fund industry, that even in the absence of rule 
31a-2 funds would already spend approximately half of this amount 
($117,632,086) to preserve these same books and records, as they are 
also necessary to prepare financial statements, meet various state 
reporting requirements, and prepare their annual federal and state 
income tax returns. Therefore, we estimate that the total annual cost 
burden for all funds as a result of compliance with rule 31a-2 is 
approximately $117,632,086 per year.
---------------------------------------------------------------------------

    \8\ This estimate is based on staff's 2012 estimate of costs of 
preserving books and records required by rule 31a-2 ($70,000), 
adjusted for inflation to January 2015 values using the Personal 
Consumption Expenditures Chain-Type Price Index (``PCE Index''). The 
values of the PCE Index are available from the Bureau of Economic 
Analysis, a bureau of the Department of Commerce. See Bureau of 
Economic Analysis, Table 2.8.6. Real Personal Consumption 
Expenditures by Major Type of Product, Monthly, Chained Dollars 
(Last Revised on March 2, 2015), available at http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1#reqid=9&step=3&isuri=1&903=83. 
Thus, $70,000 (2012 estimate) x 11,163.6 (Jan. 2015 PCE Index 
value)/10,449.7 (2012 PCE Index value) = $74,782 (Jan. 2015 
inflation adjusted estimate).
    \9\ This estimate is based on the following calculation: 3,146 
funds x $74,782 = $235,264,172.
---------------------------------------------------------------------------

    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 and forms.
    The collection of information under rule 31a-2 is mandatory for all 
funds. 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.
    The public may view the background documentation for this 
information collection at the following Web site, www.reginfo.gov. 
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 email to: 
Shagufta_Ahmed@omb.eop.gov; and (ii) Pamela Dyson, Director/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. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: July 27, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-18765 Filed 7-30-15; 8:45 am]
 BILLING CODE 8011-01-P