Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenterâs recommendation. The next submission to OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
05/31/2023
36 Months From Approved
07/31/2023
846
0
846
28,150
0
28,150
0
0
0
Rule 22e-4 under the Investment Company Act of 1940 requires an open-end management investment companies (but not money market funds) and an exchange-traded fund that redeems in kind to establish a written liquidity risk management program that is designed to assess and manage the fund's liquidity risk.
US Code:
15 USC 80a
Name of Law: Investment Company Act of 1940
US Code: 15 USC 80a-1 Name of Law: Investment Company Act
Currently, the approved total annual hour burden for complying with rule 22e-4 is 28,150 hours. The estimate of the total annual hour burden of the proposed amendments is 108,566 hours (an increase of 80,416 hours). The current total annual external cost burden is $0; we estimate an external cost burden of $17,588,128 associated with the proposed amendments. The changes in annual burden hours and external cost burden are due to the proposed amendments to rule 22e-4.
No
No
No
No
No
No
No
Y. Rachel Kuo 202 551-3589
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.
Rule 22e-4 (P - Open-End Fund) Supporting Statement.pdf
Rule 22e-4 (17 CFR 270.22e-4) under the Investment Company Act of 1940, "Liquidity risk management programs"