[Federal Register Volume 88, Number 145 (Monday, July 31, 2023)]
[Notices]
[Pages 49515-49516]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-16100]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-21, OMB Control No. 3235-0025]


Submission for OMB Review; Comment Request; Extension: Rule 30e-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, under the Paperwork Reduction Act of 
1995 (44 U.S.C. 3501 et seq.) (``Paperwork Reduction Act''), 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 30e-1 (17 CFR 270.30e-1) under the Investment Company Act of 
1940 (15 U.S.C. 80a-1 et seq.) (``Investment Company Act'') generally 
requires a registered investment company (``fund'') to transmit to its 
shareholders, at least semi-annually, reports containing the 
information that is required to be included in such reports by the 
fund's registration statement form under the Investment Company Act. 
The purpose of the collection of information required by rule 30e-1 is 
to provide fund shareholders with current information about the 
operation of their funds in accordance with Section 30 of the 
Investment Company Act.
    Approximately 2,490 funds, with a total of approximately 10,750 
portfolios, respond to rule 30e-1 annually. Based on conversations with 
fund representatives, we estimate that it takes approximately 84 hours 
to comply with the collection of information associated with rule 30e-1 
per portfolio. This time is spent, for example, preparing, reviewing, 
and certifying the reports. Accordingly, we calculate the total 
estimated annual internal burden of responding to rule 30e-1 to be 
approximately 903,000 hours (84 hours x 10,750 portfolios). In addition 
to the burden hours, based on conversations with fund representatives, 
we estimate that the total cost burden of compliance with the 
information collection requirements of rule 30e-1 is approximately 
$31,061 per portfolio. This includes, for example, the costs for funds 
to prepare, print, and mail the reports. Accordingly, we calculate the 
total external cost burden associated with rule 30e-1 to be 
approximately $333,905,750.
    Estimates of the average burden hours are made solely for the 
purposes of the Paperwork Reduction Act and are not derived from a 
comprehensive or even representative survey or study of the costs of 
Commission rules and forms. The collection of information under rule 
30e-1 is mandatory. The information provided under rule 30e-1 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 August 30, 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].


[[Page 49516]]


    Dated: July 25, 2023.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2023-16100 Filed 7-28-23; 8:45 am]
BILLING CODE 8011-01-P


