Investment Company Act Rule 38a-1, 17 C.F.R 270.38a-1, Compliance procedures and practices of registered investment companies.

ICR 202106-3235-002

OMB: 3235-0586

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2021-06-07
ICR Details
3235-0586 202106-3235-002
Received in OIRA 202008-3235-014
SEC IM-270-522
Investment Company Act Rule 38a-1, 17 C.F.R 270.38a-1, Compliance procedures and practices of registered investment companies.
Revision of a currently approved collection   No
Regular 06/09/2021
  Requested Previously Approved
36 Months From Approved 01/31/2024
9,804 4,093
451,408 235,720
2,000 0

Rule 38a-1 requires registered investment companies and business development companies to adopt and implement compliance policies and procedures, to review those policies and procedures annually, and to maintain certain records.

US Code: 15 USC 80a-37(a) Name of Law: Investment Company Act of 1940: Powers of Commission
   US Code: 15 USC 80a-30(a) Name of Law: Investment Company Act of 1940: Maintenance of Records
  
PL: Pub.L. 111 - 203 939A Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

3235-AM71 Final or interim final rulemaking 86 FR 748 01/06/2021

No

  Total Request 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 9,804 4,093 0 5,711 0 0
Annual Time Burden (Hours) 451,408 235,720 0 215,688 0 0
Annual Cost Burden (Dollars) 2,000 0 0 2,000 0 0
Yes
Miscellaneous Actions
No
The estimated total annual burden hours increased 215,688 hours, from 235,720 hours to 451,408 hours and an increase in external costs from $0 to $2,000. This increase in burden hours and external costs is attributable to additional burdens associated with the Commission’s adoption of rules 2a-5 and 31a-4.

$0
No
    No
    No
No
Yes
No
No
Zeena Abdul-Rahman 202 551-4099

  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.
06/09/2021


© 2021 OMB.report | Privacy Policy