
[Federal Register Volume 77, Number 216 (Wednesday, November 7, 2012)]
[Notices]
[Page 66887]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-27139]


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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 N-1A; OMB Control No. 3235-0307, SEC File No. 270-21.

    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 collections of 
information summarized below. The Commission plans to submit these 
existing collections of information to the Office of Management and 
Budget (``OMB'') for extension and approval.
    Form N-1A (17 CFR 239.15A and 274.11A) is the form used by open-end 
management investment companies (``funds'') under the Investment 
Company Act of 1940 (15 U.S.C. 80a-1 et seq.) (``Investment Company 
Act'') and/or to register their securities under the Securities Act of 
1933 (15 U.S.C. 77a et seq.) (``Securities Act''). Section 5 of the 
Securities Act (15 U.S.C. 77e) requires the filing of a registration 
statement prior to the offer of securities to the public and that the 
statement be effective before any securities are sold, and Section 8 of 
the Investment Company Act (15 U.S.C. 80a-8) requires a fund to 
register as an investment company. Form N-1A also permits funds to 
provide investors with a prospectus and a statement of additional 
information (``SAI'') covering essential information about the fund 
when it makes an initial or additional offering of its securities. 
Section 5(b) of the Securities Act requires that investors be provided 
with a prospectus containing the information required in a registration 
statement prior to the sale or at the time of confirmation or delivery 
of the securities. The form also may be used by the Commission in its 
regulatory review, inspection, and policy-making roles.
    The Commission estimates that there are 48 initial registration 
statements and 5,642 post-effective amendments to initial registration 
statements filed on Form N-1A annually and that the average number of 
portfolios referenced in initial registration statements is 7.5, and 
the average number of portfolios referenced in post-effective amendment 
is 1.7. The Commission further estimates that the hour burden for 
preparing and filing a post-effective amendment on Form N-1A is 133.75 
hours per portfolio. The total annual hour burden for preparing and 
filing post-effective amendments is 1,279,720 hours (5,642 post-
effective amendments x 133.75 hours per portfolio). The estimated 
annual hour burden for preparing and filing initial registration 
statements is 298,969 hours (48 initial registration statements x 
830.47 hours per portfolio). The total annual hour burden for Form N-
1A, therefore, is estimated to be 1,578,689 hours (1,279,720 hours + 
298,969 hours).
    The information collection requirements imposed by Form N-1A are 
mandatory. Responses to the collection of information 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 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, 6432 General Green Way, Alexandria, VA 22312; or send an 
email to: PRA_Mailbox@sec.gov.

    Dated: October 29, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-27139 Filed 11-6-12; 8:45 am]
BILLING CODE 8011-01-P


