The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget (OMB) for the continued collection of information under Rule 30b2-1. This rule, part of the Investment Company Act of 1940, requires investment companies to file reports with the SEC that include financial statements shared with investors. The information helps meet legal disclosure requirements and offer investors necessary details for evaluating funds. The SEC is seeking public comments on this information collection within 30 days.
Simple Explanation
The SEC wants to keep collecting important money-related reports from investment companies to help people understand how their investments are doing. They are asking people to say what they think about this idea in the next 30 days.