Rule 17f-7 (17 CFR 270.17f-7) under the Investment Company Act of 1940, Custody of Investment Company Assets with A Foreign Securities Depository

Forms and Documents

Document	Type	Status	Availability
Rule 17f-7 Supporting Statement - 02 - 2013-11-18.pdf	Supporting Statement A	Uploaded 2014-07-15	Available
Rule_17f-7_text[1].doc	Supplementary Document	Uploaded 2011-06-16	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
35329	Rule 17f-7 - Investment Adviser Requirements		Modified
198143	Rule 17f-7 - Global Custodian Requirements		Modified

ICR Details

OMB Control No: 3235-0529	ICR Reference No: 201402-3235-029
Status: Historical Active	Previous ICR Reference No: 201106-3235-009
Agency/Subagency: SEC	Agency Tracking No: IM-270-470
Title: Rule 17f-7 (17 CFR 270.17f-7) under the Investment Company Act of 1940, Custody of Investment Company Assets with A Foreign Securities Depository
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/08/2014
Retrieve Notice of Action (NOA)	Date Received in OIRA: 07/15/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2017	36 Months From Approved	09/30/2014
Responses	7,564	0	6,748
Time Burden (Hours)	60,624	0	55,728
Cost Burden (Dollars)	0	0	0

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Abstract: Rule 17f-7 sets certain requirements for maintaining the assets of a registered management investment company with a foreign securities depository.

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Authorizing Statute(s): US Code: 15 USC 80a-17(f) Name of Law: Investment Company Act of 1940
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 79712	12/31/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 14088	03/12/2014
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Rule 17f-7 - Global Custodian Requirements
Rule 17f-7 - Investment Adviser Requirements

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ICR Summary of Burden

	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	7,564	6,748	0	0	816	0
Annual Time Burden (Hours)	60,624	55,728	0	0	4,896	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The estimated hourly burden associated with rule 17f-7 has increased from 55,728 to 60,624 (an increase of 4,896 hours). The increase is due to an increase in the estimated number of investment advisers making responses under rule 17f-7.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 07/15/2014

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