Rule 31a-4 under the Investment Company Act of 1940, Records of Fair Value Determinations

Forms and Documents

Document	Type	Status	Availability
Supporting Statement (31a-4).pdf	Supporting Statement A	Uploaded 2021-01-14	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
245350	Rule 31a-4 under the Investment Company Act of 1940, Records of Fair Value Determinations		New

ICR Details

OMB Control No: 3235-0783	ICR Reference No: 202310-3235-020
Status: Active	Previous ICR Reference No: 202101-3235-007
Agency/Subagency: SEC	Agency Tracking No:
Title: Rule 31a-4 under the Investment Company Act of 1940, Records of Fair Value Determinations
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/25/2023
	Date Received in OIRA: 10/25/2023
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2026	36 Months From Approved
Responses	9,804	0	0
Time Burden (Hours)	529,416	0	0
Cost Burden (Dollars)	93,000,744	0	0

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Abstract: Rule 31a-4 is a rule under the Investment Company Act of 1940 that contains the recordkeeping requirements associated with Investment Company Act rule 2a-5. Rule 2a-5 provides the requirements for determining in good faith the fair value of the investments of a registered investment company or companies that have elected to be treated as business development companies under the Investment Company Act for purposes of section 2(a)(41) of the Investment Company Act and rule 2a-4 thereunder.

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Authorizing Statute(s): US Code: 15 USC 80a-8 Name of Law: Investment Company Act of 1940
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AM71	Final or interim final rulemaking	86 FR 748	01/06/2021

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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

IC Title	Form No.	Form Name
Rule 31a-4 under the Investment Company Act of 1940, Records of Fair Value Determinations

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ICR Summary 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	9,804	0	0	9,804	0	0
Annual Time Burden (Hours)	529,416	0	0	529,416	0	0
Annual Cost Burden (Dollars)	93,000,744	0	0	93,000,744	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: This is the first request for approval of the collection of information for this 2020 rule.

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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

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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: 01/19/2021

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