Rule 17f-5 (17 CFR 270.17f-5) under the Investment Company Act of 1940, Custody of Investment Company Assets Outside the United States

ICR 202003-3235-013

OMB: 3235-0269

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2020-07-09
Supplementary Document
2020-07-09
Supporting Statement A
2020-03-19
IC Document Collections
ICR Details
3235-0269 202003-3235-013
Active 201701-3235-003
SEC IM-270-259
Rule 17f-5 (17 CFR 270.17f-5) under the Investment Company Act of 1940, Custody of Investment Company Assets Outside the United States
Extension without change of a currently approved collection   No
Regular
Approved without change 08/27/2020
Retrieve Notice of Action (NOA) 07/09/2020
  Inventory as of this Action Requested Previously Approved
08/31/2023 36 Months From Approved 08/31/2020
150 0 157
16,425 0 16,443
0 0 0

Rule 17f-5 specifies the conditions under which a registered management investment company may maintain its assets with an eligible foreign custodian that is a bank.

US Code: 15 USC 80a-17(f) Name of Law: Investment Company Act of 1940
  
None

Not associated with rulemaking

  85 FR 25489 05/01/2020
85 FR 41265 07/09/2020
No

2
IC Title Form No. Form Name
Rule 17f-5 - Fund board findings
Rule 17f-5 - Foreign custody manager requirements

  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 150 157 0 0 -7 0
Annual Time Burden (Hours) 16,425 16,443 0 0 -18 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease in the estimated burden of rule 17f-5 by 18 hours results from changes in the estimated number of respondents. Based on information from 2017 to 2019, the estimated number of new registrants with the Commission in a calendar year that might need to comply with rule 17f-5 dropped from 97 to approximately 90. The staff anticipates that the number of existing funds that change their global custodians is negligible and, therefore, the compliance burden of rule 17f-5 falls primarily on new funds.

$0
No
    No
    No
No
No
No
No
Joel Cavanaugh 202 551-3173

  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.
07/09/2020


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