Pursuant to 5
CFR 1320.11(c), OMB files this comment on this information
collection request (ICR). In accordance with 5 CFR 1320, OMB is
withholding approval at this time. The agency shall examine public
comment in response to the NPRM and will include in the supporting
statement of the next ICR--to be submitted to OMB at the final rule
stage--a description of how the agency has responded to any public
comments on the ICR, including comments on maximizing the practical
utility of the collection and minimizing the burden.
Inventory as of this Action
Requested
Previously Approved
04/30/2013
36 Months From Approved
04/30/2013
70,498
0
70,498
395,779
0
395,779
121,200,000
0
121,200,000
Rule 2a-7 exempts money market funds
from the valuation requirements of the Investment Company Act of
1940, and, subject to certain risk-limiting conditions, permits
money market funds to use the amortized cost method of asset
valuation or the penny-rounding method of share pricing.
US Code:
15
USC 80a-6(c) Name of Law: Investment Company Act of 1940
US Code:
15 USC 80a-37(a) Name of Law: Investment Company Act of
1940
PL: Pub.L. 111 - 203 939A Name of Law:
Dodd-Frank Wall Street Reform and Consumer Protection Act
The burden increased due to
proposed amendments to rule 2a-7 that would remove references to
credit ratings and replace them with alternative credit quality
standards. Under the proposed amendments to rule 2a-7, the
estimated total annual burden would increase from 395,779 to
396,105 hours. This increase would be due to technical changes made
to written policies and procedures under the rule. The estimated
total annual cost would not increase as a result of the
amendments.
$0
No
No
No
Yes
No
Uncollected
Anu Dubey 202 551-6792
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.
Rule 2a-7 Supporting Statement (fin).docx
Rule 2a-7 (17 CFR 270.2a-7) under the Investment Company Act of 1940, Money market funds