Mutual Fund Interactive Data

ICR 201706-3235-005

OMB: 3235-0642

Federal Form Document

Forms and Documents
IC Document Collections
IC ID
Document
Title
Status
185342
Modified
ICR Details
3235-0642 201706-3235-005
Historical Inactive 201411-3235-009
SEC IM-270-580
Mutual Fund Interactive Data
Revision of a currently approved collection   No
Regular
Comment filed on proposed rule and continue 11/19/2017
Retrieve Notice of Action (NOA) 09/19/2017
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
10/31/2018 36 Months From Approved 10/31/2018
14,360 0 14,360
172,323 0 172,323
9,355,713 0 9,355,713

Open-end management investment companies (“funds”) are required to submit to the Commission information included in their registration statements, or information included in or amended by post-effective amendments thereto, in response to Items 2, 3, and 4 (“risk/return summary information”) of Form N-1A (OMB Control No. 3235-0307) in interactive data format and to post it on their Web sites, if any, in interactive data form. In addition, funds are required to submit an interactive data file to the Commission for any form of prospectus filed pursuant to rule 497(c) or (e) under the Securities Act of 1933 that includes risk/return summary information that varies from the registration statement and to post the interactive data file on their Web sites, if any. The Commission has proposed amendments to require use of the “Inline XBRL” format for the submission of mutual fund risk/return summary information using the machine-readable (i.e., interactive) eXtensible Business Reporting Language (XBRL) format in interactive data files, and to eliminate the aforementioned website posting requirements.

US Code: 15 USC 80a-1 et seq. Name of Law: Investment Company Act of 1940
   US Code: 15 USC 77a et seq Name of Law: Securities Act of 1933
  
None

3235-AL59 Proposed rulemaking 82 FR 14282 03/17/2017

No

1
IC Title Form No. Form Name
Mutual Fund Interactive Data

No
No
Currently, the approved annual hour burden for complying with the Mutual Fund Interactive Data requirements is 172,323 hours. The proposed new estimate for complying with the Mutual Fund Interactive Data requirements after accounting for the Inline Tagging of XBRL Data proposal is 167,682 hours, representing a decrease of 4,641 hours. The decrease in hourly burden is due to an increase in the number of funds in the proposal, the Commission’s increased estimate in the proposal of the number of funds that would provide risk/return summary information as interactive data in additional filings submitted pursuant to rule 485(b) or rule 497 annually, and the proposal’s estimate that the proposed Inline XBRL requirements (including the elimination of website posting requirements) for mutual fund risk/return summary would result in an overall decrease in burden hours per filing. Currently, the approved total cost burden for software and/or consulting services is approximately $9,355,713. The proposed new total cost burden is $9,970,621, representing an increase of $614,908. This increase is due to an increase in the number of funds in the proposal and an increase in estimated software costs in the proposal.

No
    No
    No
No
No
No
Uncollected
John Foley 202 551-6724

  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.
09/19/2017


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