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.
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.