Rule 10f-3 (17 CFR 270.10f-3) under the Investment Company Act of 1940, Exemption for the Acquisition of Securities During the Existence of an Underwriting or Selling Syndicate

ICR 202106-3235-006

OMB: 3235-0226

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2021-10-12
Supplementary Document
2021-10-12
Supporting Statement A
2021-06-08
ICR Details
3235-0226 202106-3235-006
Received in OIRA 201805-3235-012
SEC IM-270-237
Rule 10f-3 (17 CFR 270.10f-3) under the Investment Company Act of 1940, Exemption for the Acquisition of Securities During the Existence of an Underwriting or Selling Syndicate
Extension without change of a currently approved collection   No
Regular 10/12/2021
  Requested Previously Approved
36 Months From Approved 02/28/2022
6,817 3,692
6,623 4,080
0 0

Rule 10f-3 permits, under certain conditions, a registered investment company ("fund") to purchase securities from underwriting syndicates whose members include affiliated persons of the purchasing fund. Records concerning transactions conducted in reliance on the rule and the fund board's review of those transactions must be maintained. This exemption is conditioned on the fund's advisory contract being amended to include certain clauses that prohibit, among other things, consultation between subadvisers that advise the transacting fund and other fund subadvisers.

US Code: 15 USC 80a-10(f) Name of Law: Investment Company Act of 1940
  
None

Not associated with rulemaking

  86 FR 38522 07/21/2021
86 FR 55023 10/05/2021
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 6,817 3,692 0 0 3,125 0
Annual Time Burden (Hours) 6,623 4,080 0 0 2,543 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The estimated annual burden hours increased by 2,543 hours (from 4,080 hours to 6,623 hours). The increase in hours reflects a change in methodology in estimating burdens due to changes in Rule 10f-3 reporting requirements, coupled with revised estimates, including an increase in the estimated number of funds that rely on Rule 10f-3 each year.

$0
No
    No
    No
No
No
No
No
Amy Miller 202 551-4447

  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.
10/12/2021


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