Rule 7d-1 (17 CFR 270.7d-1) under the Investment Company Act of 1940

Forms and Documents

Document Name	Status
Rule 7d-1 60 DAY 2019.pdf Supplementary Document	2019-10-08
Rule 7d-1 30 DAY 2019.pdf Supplementary Document	2019-10-08
Rule 7d-1 SUPPORTING STATEMENT 2019.pdf Supporting Statement A	2019-07-10

IC Document Collections

IC ID	Document Title	Status
34817	Investment Company Act Rule 7d-1	Modified

ICR Details

OMB Control No: 3235-0311	ICR Reference No: 201907-3235-003
Status: Active	Previous ICR Reference No: 201602-3235-010
Agency/Subagency: SEC	Agency Tracking No: IM-270-176
Title: Rule 7d-1 (17 CFR 270.7d-1) under the Investment Company Act of 1940
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: 11/20/2019
	Date Received in OIRA: 10/08/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2022	36 Months From Approved	11/30/2019
Responses	1	0	1
Time Burden (Hours)	4	0	8
Cost Burden (Dollars)	4,000	0	4,000

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Abstract: Rule 7d-1 specifies the conditions under which a Canadian management investment company may request an order from the Commission permitting it to register under the Investment Company Act of 1940; other foreign management investment companies also generally agree to comply with the requirements of the rule as a prerequisite to receiving a Commission order permitting registration under the Investment Company Act of 1940.

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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 35146	07/22/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 51690	09/30/2019
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Investment Company Act Rule 7d-1

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ICR Summary 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	1	1	0	0	0	0
Annual Time Burden (Hours)	4	8	0	0	-4	0
Annual Cost Burden (Dollars)	4,000	4,000	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: The estimated number of 4.42 burden hours reflects a change of 3.33 hours from the current allocation of 7.75 burden hours. The decrease is attributed in part to amortizing the burden hours over the three year collection period. A single registrant filed one supplemental application under rule 7d-1 in the three years prior to the current allocation, and for purposes of this PRA, we are assuming one registrant has filed one supplemental application under rule 7d-1 in the three years prior to this updated allocation. The estimated cost burden remains unchanged at $4,000. Neither the workload for the lone registrant nor the estimated average cost of outside counsel has changed since the previous allocation.

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Annual Cost to Federal Government:

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: 10/08/2019

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