83 FR 4099 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 19 (January 29, 2018)

[Federal Register Volume 83, Number 19 (Monday, January 29, 2018)]
[Notices]
[Pages 4099-4100]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-01603]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-305, OMB Control No. 3235-0346]


Submission for 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 34b-1.

    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.
    Rule 34b-1 under the Investment Company Act (17 CFR 270.34b-1) 
governs sales material that accompanies or follows the delivery of a 
statutory

[[Page 4100]]

prospectus (``sales literature''). Rule 34b-1 deems to be materially 
misleading any investment company (``fund'') sales literature required 
to be filed with the Securities and Exchange Commission 
(``Commission'') by Section 24(b) of the Investment Company Act (15 
U.S.C. 80a-24(b)) that includes performance data, unless the sales 
literature also includes the appropriate uniformly computed data and 
the legend disclosure required in investment company advertisements by 
rule 482 under the Securities Act of 1933 (17 CFR 230.482). Requiring 
the inclusion of such standardized performance data in sales literature 
is designed to prevent misleading performance claims by funds and to 
enable investors to make meaningful comparisons among funds.
    The Commission estimates that on average approximately 208 
respondents file 13,004 \1\ responses that include the information 
required by rule 34b-1 each year. The burden resulting from the 
collection of information requirements of rule 34b-1 is estimated to be 
2 hours per response. The total hourly burden for rule 34b-1 is 
approximately 26,008 hours per year in the aggregate.\2\
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    \1\ The estimated number of responses to rule 34b-1 is composed 
of 12,772 responses filed with FINRA and 232 responses filed with 
the Commission in 2016.
    \2\ 13,004 responses x 2 hours per response = 26,008 hours.
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    The collection of information under rule 34b-1 is mandatory. The 
information provided under rule 34b-1 is not 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 website, 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) 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: [email protected]. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: January 24, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-01603 Filed 1-26-18; 8:45 am]
 BILLING CODE 8011-01-P