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

ICR 201906-3235-006

OMB: 3235-0563

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2019-10-30
Supplementary Document
2019-10-30
Supporting Statement A
2019-06-11
IC Document Collections
ICR Details
3235-0563 201906-3235-006
Active 201611-3235-020
SEC IM-270-507
Rule 17a-10 Exemption for transactions with certain subadvisory affiliates
Extension without change of a currently approved collection   No
Regular
Approved without change 12/13/2019
Retrieve Notice of Action (NOA) 10/30/2019
  Inventory as of this Action Requested Previously Approved
12/31/2022 36 Months From Approved 03/31/2020
221 0 319
166 0 239
0 0 0

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.

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

Not associated with rulemaking

  84 FR 40117 08/13/2019
84 FR 57925 10/29/2019
No

1
IC Title Form No. Form Name
Exemptions for transactions with certain sub-advisory affiliates

  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
No
No
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.

$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.
10/30/2019


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