Investment Company Act rule 17e-1, CFR Sec. 270.17e-1, Brokerage Transactions on a Securities Exchange

ICR 201810-3235-046

OMB: 3235-0217

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2019-05-23
Supplementary Document
2019-01-31
Supplementary Document
2019-01-31
IC Document Collections
ICR Details
3235-0217 201810-3235-046
Active 201601-3235-007
SEC IM-270-224
Investment Company Act rule 17e-1, CFR Sec. 270.17e-1, Brokerage Transactions on a Securities Exchange
Extension without change of a currently approved collection   No
Regular
Approved without change 07/25/2019
Retrieve Notice of Action (NOA) 05/23/2019
  Inventory as of this Action Requested Previously Approved
07/31/2022 36 Months From Approved 07/31/2019
1,609 0 1,696
48,450 0 51,140
0 0 0

Rule 17e-1 governs the receipt of compensation by a broker affiliated with a registered investment company in connection with securities transactions by the investment company. The rule requires the board of directors to establish and review procedures to ensure compliance with the rule, and imposes recordkeeping requirements concerning such procedures and transactions effected under the rule. The rule exempts certain transactions from some of the rule's procedural and recordkeeping requirements.

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

Not associated with rulemaking

  83 FR 58663 11/20/2018
84 FR 1810 02/05/2019
No

1
IC Title Form No. Form Name
Rule 17e-1, Brokerage Transactions on a Securities Exchange

  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 1,609 1,696 0 0 -87 0
Annual Time Burden (Hours) 48,450 51,140 0 0 -2,690 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The estimated hourly burden associated with rule 17e-1 has decreased from 51,140 hours to 48,450 hours (a decrease of 2,690 hours). The net decrease is due to (i) a decrease in the number of funds estimated to enter into subadvisory agreements each year; and (ii) a decrease in the number of funds estimated to use an affiliated broker.

$0
No
    No
    No
No
No
No
Uncollected
Angela Mokodean 202 551-5490 [email protected]

  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.
05/23/2019


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