OMB files this
comment in accordance with 5 CFR 1320.11(c). This OMB action is not
an approval to conduct or sponsor an information collection under
the Paperwork Reduction Act of 1995. This action has no effect on
any current approvals. If OMB has assigned this ICR a new OMB
Control Number, the OMB Control Number will not appear in the
active inventory. For future submissions of this information
collection, reference the OMB Control Number provided. 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
10/31/2021
36 Months From Approved
10/31/2021
15,206
0
15,206
178,803
0
178,803
10,000,647
0
10,000,647
Open-end management investment
companies 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 eXtensible Business
Reporting Language (XBRL) data format. On Oct. 30, 2018, the
Commission proposed amendments to certain rules and forms that
would require variable annuity and variable life insurance contract
issuers to also use the Inline XBRL format for the submission of
certain required disclosures in variable contract statutory
prospectuses.
US Code:
15 USC 77a et seq Name of Law: Securities Act of 1933
US Code: 15
USC 78a Name of Law: Securities Exchange of 1934
US Code:
15 USC 80a-1 et seq. Name of Law: Investment Company Act of
1940
Currently, the approved annual
hour burden for complying with the newly-retitled “Registered
Investment Company Interactive Data” requirements is 178,803
internal burden hours to use Inline XBRL format to tag fund
risk/return summary items. The new estimate is 207,369 hours,
representing an increase of 28,566 burden hours as a result of the
proposal to require issuers of variable annuities and variable life
insurance contracts to use Inline XBRL to tag certain disclosures.
The increase in hourly burdens is due to an increase in the number
of registrants that would be required to use Inline XBRL format to
tag certain disclosures, and an increase in the number of filings
to be tagged. Currently, the total external cost burden for
software and/or consulting services is $10,000,647. The new
estimate is $10,615,347, representing an increase of $614,700 due
to the increase in the number of registrants that would incur the
cost of goods and services purchased to comply with the proposed
Inline XBRL requirements
No
No
No
No
No
No
Uncollected
Amy Miller 202 551-4447
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.