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
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.