Rule 31a-2: Records to be preserved by registered investment companies, certain majority-owned subsidiaries thereof, and other persons having transactions with registered investment companies.

ICR 201512-3235-008

OMB: 3235-0179

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2015-12-08
ICR Details
3235-0179 201512-3235-008
Historical Inactive 201505-3235-021
SEC IM-270-174
Rule 31a-2: Records to be preserved by registered investment companies, certain majority-owned subsidiaries thereof, and other persons having transactions with registered investment companies.
Revision of a currently approved collection   No
Regular
Comment filed on proposed rule and continue 03/11/2016
Retrieve Notice of Action (NOA) 12/08/2015
Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR. The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule.
  Inventory as of this Action Requested Previously Approved
12/31/2018 36 Months From Approved 12/31/2018
3,146 0 3,146
692,120 0 692,120
117,632,086 0 117,632,086

Rule 31a-2 under the Investment Company Act of 1940 ("Act")(17 CFR 270.31a-2) specifies the time periods that entities must retain certain books and records, including those required to be maintained under rule 31a-1 of the Act.

US Code: 15 USC 80a-30 Name of Law: Investment Company Act of 1940
  
None

3235-AL61 Proposed rulemaking 80 FR 62273 10/15/2015

No

Yes
Changing Regulations
No
We estimate that the total annual time burden associated with rule 31a-2 will increase by 947 hours and that the total annual external cost burden of compliance with rule 31a-2 would increase by $284,100 for the estimated 947 funds the staff anticipates will engage in “swing pricing” in reliance on the proposed amendments to rule 22c-1 under the Investment Company Act, which would permit, but not require, registered open end management investment companies (except money market funds and exchange-traded funds) to use swing pricing, a process of adjusting the net asset value of a fund’s shares to pass on to purchasing or redeeming shareholders costs associated with their trading activity. The change in burden hours and external cost of compliance is due to the staff’s estimates of the time and costs that would result from our proposed amendments to rule 31a-2 to require a fund that chooses to use swing pricing to create and maintain a record of support for each computation of an adjustment to the net asset value of the fund’s shares based on the fund’s swing policies and procedures.

$0
No
No
No
No
No
Uncollected
Naseem Nixon 202 551-6907

  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.
12/08/2015


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