Rule 0-2 under the Investment Company Act of 1940, General Requirements of Papers and Applications

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Rule 0-2 Supporting Statement.pdf	Supporting Statement A	Uploaded 2020-12-18	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
182516	Rule 0-2 under the Investment Company Act of 1940, General Requirements of Papers and Applications		Modified

ICR Details

OMB Control No: 3235-0636	ICR Reference No: 202012-3235-011
Status: Historical Active	Previous ICR Reference No: 201912-3235-002
Agency/Subagency: SEC	Agency Tracking No: IM-270-572
Title: Rule 0-2 under the Investment Company Act of 1940, General Requirements of Papers and Applications
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: 03/22/2021
Retrieve Notice of Action (NOA)	Date Received in OIRA: 01/21/2021
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2024	36 Months From Approved	10/31/2022
Responses	129	0	184
Time Burden (Hours)	2,617	0	3,738
Cost Burden (Dollars)	6,904,100	0	9,863,000

---

Abstract: Rule 0-2 under the Investment Company Act of 1940 provides general instructions for filing an application with the Commission. Respondents to the collection are applying for orders of the Commission exempting them from one or more provisions of the Investment Company Act. Applicants for orders can include registered investment companies, affiliated persons of registered investment companies, and issuers seeking to avoid investment company status among other entities

---

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

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AM29	Final or interim final rulemaking	85 FR 73924	11/19/2020

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

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

table that charts list of burden

IC Title	Form No.	Form Name
Rule 0-2 under the Investment Company Act of 1940, General Requirements of Papers and Applications

---

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	129	184	0	-55	0	0
Annual Time Burden (Hours)	2,617	3,738	0	-1,121	0	0
Annual Cost Burden (Dollars)	6,904,100	9,863,000	0	-2,958,900	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated hourly burden associated with rule 0-2 would decrease from 3,738 hours to 2,617 hours (a decrease of 1,121 hours). The estimated cost burden associated with rule 0-2 would decrease from $9,863,000 to $6,904,100 (a decrease of $2,958,000). These decreases are due to the adoption of rule 12d1-4 because it reduces the number of entities that require exemptive relief in order to operate, and permits fund of funds structures that satisfy certain conditions to operate without the expense and delay of obtaining an exemptive order.

---

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? No

---

Common Form ICR:  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:

(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: 01/21/2021

---