[Federal Register Volume 88, Number 92 (Friday, May 12, 2023)]
[Notices]
[Page 30817]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-10116]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-275, OMB Control No. 3235-0310]


Submission for OMB Review; Comment Request; Extension: Rule 22d-1

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (``Paperwork Reduction Act'') (44 U.S.C. 3501-3520), the 
Securities and Exchange Commission (the ``Commission'') has submitted 
to the Office of Management and Budget (``OMB'') a request for 
extension of the previously approved collection of information 
discussed below.
    Rule 22d-1 under the Investment Company Act of 1940 (the ``1940 
Act'') (17 CFR 270.22d-1) provides registered investment companies that 
issue redeemable securities (``funds'') an exemption from section 22(d) 
of the 1940 Act (15 U.S.C. 80a-22(d)) to the extent necessary to permit 
scheduled variations in or elimination of the sales load on fund 
securities for particular classes of investors or transactions, 
provided certain conditions are met. The rule imposes an annual burden 
per series of a fund of approximately 15 minutes, so that the total 
annual burden for the approximately 3,776 series of funds that might 
rely on the rule is estimated to be 944 hours.\1\
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    \1\ This estimate is based on the following calculation: 3,776 
series x 0.25 burden hours = 944 total annual burden hours.
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    The estimate of average burden hours is made solely for the 
purposes of the Paperwork Reduction Act. The estimate is based on 
communications with industry representatives, and is not derived from a 
comprehensive or even a representative survey or study.
    Responses 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.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
by June 12, 2023 to (i) [email protected] and 
(ii) David Bottom, Director/Chief Information Officer, Securities and 
Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC 
20549, or by sending an email to: [email protected].

    Dated: May 8, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-10116 Filed 5-11-23; 8:45 am]
BILLING CODE 8011-01-P


