[Federal Register Volume 78, Number 9 (Monday, January 14, 2013)]
[Notices]
[Page 2699]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-00519]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0307, SEC File No. 270-21]
Submission for OMB Review; 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.
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 (``Commission'') has submitted to the Office of Management
and Budget (``OMB'') a request for extension of the previously approved
collection of information discussed below.
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.
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: [email protected]; and (ii) 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: [email protected]. Comments must be submitted to OMB within 30 days of
this notice.
Dated: January 8, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-00519 Filed 1-11-13; 8:45 am]
BILLING CODE 8011-01-P