Investment Company Act Rule 38a-1, 17 C.F.R 270.38a-1, Compliance procedures and practices of registered investment companies

ICR 201103-3235-024

OMB: 3235-0586

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2011-03-18
ICR Details
3235-0586 201103-3235-024
Historical Inactive 201002-3235-028
SEC IM-270-522
Investment Company Act Rule 38a-1, 17 C.F.R 270.38a-1, Compliance procedures and practices of registered investment companies
Revision of a currently approved collection   No
Regular
Comment filed on proposed rule and continue 05/19/2011
Retrieve Notice of Action (NOA) 03/18/2011
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
05/31/2013 36 Months From Approved 05/31/2013
4,638 0 4,638
254,703 0 254,703
0 0 0

Rule 38a-1 requires registered investment companies and business development companies to adopt and implement compliance policies and procedures, to review those policies and procedures annually, and to maintain certain records.

US Code: 15 USC 80a-30(a) Name of Law: Investment Company Act of 1940: Maintenance of Records
   PL: Pub.L. 111 - 203 939A Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act
   US Code: 15 USC 80a-37(a) Name of Law: Investment Company Act of 1940: Powers of Commission
  
PL: Pub.L. 111 - 203 939A Name of Law: Dodd-Frank Wall Street and Consumer Protection Act

3235-AL02 Proposed rulemaking 76 FR 12896 03/09/2011

No

No
No
The estimated total annual burden hours increased slightly from 254,703 to 258,933 hours. The increase in hours is attributable to the additional burden that would result from technical changes to written policies and procedures relating to compliance with rule 5b-3 under the Investment Company Act of 1940 made in response to proposed amendments to rule 5b-3 that replace credit ratings with an alternative standard of credit-worthiness.

$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.
03/18/2011


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