Rule 17a-10 Exemption for transactions with certain subadvisory affiliates

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
3235-0563 60 Day Notice.pdf	Supplementary Document	Uploaded 2019-10-30	Available
3235-0563 30 Day Notice.pdf	Supplementary Document	Uploaded 2019-10-30	Available
PRA - Rule 17a-10 Supporting Statement (2019).pdf	Supporting Statement A	Uploaded 2019-06-11	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
35399	Exemptions for transactions with certain sub-advisory affiliates		Modified

ICR Details

OMB Control No: 3235-0563	ICR Reference No: 201906-3235-006
Status: Active	Previous ICR Reference No: 201611-3235-020
Agency/Subagency: SEC	Agency Tracking No: IM-270-507
Title: Rule 17a-10 Exemption for transactions with certain subadvisory affiliates
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/13/2019
	Date Received in OIRA: 10/30/2019
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2022	36 Months From Approved	03/31/2020
Responses	221	0	319
Time Burden (Hours)	166	0	239
Cost Burden (Dollars)	0	0	0

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Abstract: Rule 17a-10 permits a registered investment company's ("fund") subadviser to enter into transactions with certain affiliated funds. This exemption would be conditioned on the fund's advisory contract being amended to include certain clauses that prohibit, among other things, consultation between subadvisers that advise the transacting fund and other fund subadvisers.

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Authorizing Statute(s): US Code: 15 USC 80a Name of Law: Investment Company Act of 1940
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 40117	08/13/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 57925	10/29/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Exemptions for transactions with certain sub-advisory affiliates

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ICR Summary of Burden

table that charts list of burden

	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	221	319	0	0	-98	0
Annual Time Burden (Hours)	166	239	0	0	-73	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Rule 17a-10 has a current annual burden of 239 hours. The hour burden associated with rule 17a-10 has decreased by 73 hours to a total of 166 hours since our last burden analysis. This decrease is due to a change in our estimate of the number of funds entering into new contracts with subadvisers from 319 to 221.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 10/30/2019

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