Rule 10f-3 (17 CFR 270.10f-3) under the Investment Company Act of 1940, Exemption for the Acquisition of Securities During the Existence of an Underwriting or Selling Syndicate

ICR 200910-3235-004

OMB: 3235-0226

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2009-10-14
Supporting Statement A
2009-10-14
ICR Details
3235-0226 200910-3235-004
Historical Active 200712-3235-010
SEC IM-270-237
Rule 10f-3 (17 CFR 270.10f-3) under the Investment Company Act of 1940, Exemption for the Acquisition of Securities During the Existence of an Underwriting or Selling Syndicate
Revision of a currently approved collection   No
Regular
Approved without change 11/25/2009
Retrieve Notice of Action (NOA) 10/14/2009
  Inventory as of this Action Requested Previously Approved
11/30/2012 36 Months From Approved 06/30/2011
4,400 0 4,400
6,452 0 6,217
0 0 0

Rule 10f-3 permits, under certain conditions, a registered investment company ("fund") to purchase securities from underwriting syndicates whose members include affiliated persons of the purchasing fund. Records concerning transactions conducted in reliance on the rule and the fund board's review of those transactions must be maintained. This exemption is conditioned on the fund's advisory contract being amended to include certain clauses that prohibit, among other things, consultation between subadvisers that advise the transacting fund and other fund subadvisers.

US Code: 15 USC 80a-10(f) Name of Law: Investment Company Act of 1940
  
None

3235-AK19 Final or interim final rulemaking 74 FR 52358 10/09/2009

No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 4,400 4,400 0 0 0 0
Annual Time Burden (Hours) 6,452 6,217 0 235 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
The estimated annual burden hours increased by 235 hours from 6217 hours to 6452 hours. The increase in hours reflects the additional burden for fund boards to review and approve revised procedures desiged to ensure compliance with the amendments to Rule 10f-3.

$0
No
No
Uncollected
Uncollected
No
Uncollected
Daniel Chang 2025516792 [email protected]

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
10/14/2009


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