Registered Investment Company Interactive Data

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Interactive Data Supporting Statement 2020 CEF BDC Offering Reform 3.pdf	Supporting Statement A	Uploaded 2020-08-18	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
185342	Registered Investment Company Interactive Data		Modified

ICR Details

OMB Control No: 3235-0642	ICR Reference No: 202008-3235-007
Status: Active	Previous ICR Reference No: 202005-3235-014
Agency/Subagency: SEC	Agency Tracking No: IM-270-580
Title: Registered Investment Company Interactive Data
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/09/2020
	Date Received in OIRA: 08/20/2020
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2023	36 Months From Approved	10/31/2021
Responses	19,817	0	17,234
Time Burden (Hours)	252,602	0	206,943
Cost Burden (Dollars)	15,350,750	0	10,614,447

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Abstract: Open-end management investment companies (“funds”) 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 interactive data format. On April 8, 2020, the Commission adopted rules modifying the registration, communications, and offering processes for business development companies and other closed-end investment companies under the Securities Act of 1933. In particular, the Commission amended Form N‑2 and Regulation S‑T to require certain new structured data reporting requirements for registered closed-end investment companies and business development companies.

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Authorizing Statute(s): US Code: 15 USC 80a-1 et seq. Name of Law: Investment Company Act of 1940
   US Code: 15 USC 77a et seq Name of Law: Securities Act of 1933
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AM31	Final or interim final rulemaking	85 FR 33290	06/01/2020

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Federal Register Notices & Comments

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
Registered Investment Company Interactive Data

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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	19,817	17,234	0	2,583	0	0
Annual Time Burden (Hours)	252,602	206,943	0	45,659	0	0
Annual Cost Burden (Dollars)	15,350,750	10,614,447	0	4,736,303	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The estimated hourly burden associated with the Investment Company Interactive Data collection of information would increase from 206,943 hours to 252,602 hours (an increase of 45,659 hours). In addition, the cost burden associated with the Investment Company Interactive Data collection of information would increase from about $10.6 million to about $15.35 million (an increase of about $4.75 million). 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.

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Annual Cost to Federal Government: $21,200,000

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? No

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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: 08/20/2020

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