Certain funds have current
requirements to submit to the Commission information included in
their registration statements, or information included in or
amended by any post-effective amendments to such registration
statements, in response to certain form items in structured data
language (“Investment Company Interactive Data”). This also
includes the requirement for funds to submit interactive data to
the Commission for any form of prospectus filed pursuant to 17 CFR
230.497(c) or 17 CFR 230.497(e) under the Securities Act of 1933
(“Securities Act”) [15 U.S.C. 77a et seq.] that includes
information in response to certain form items. This collection of
information relates to regulations and forms adopted under the
Securities Act, and the Investment Company Act of 1940 (“Investment
Company Act”) [15 U.S.C. 80a-1 et seq.] that set forth disclosure
requirements for funds and other issuers. The paperwork burdens for
the rules under section 8(b) of the Investment Company Act are
imposed through the forms and reports that are subject to the
requirements in these rules and are reflected in the PRA burdens of
those documents. On October 26, 2022, the Commission adopted rule
and form amendments that require open-end management investment
companies (“open-end funds”) to transmit concise and visually
engaging annual and semi-annual reports to shareholders that
highlight key information that is particularly important for retail
investors to assess and monitor their fund investments.
Specifically, the final rule and form amendments require open-end
funds to tag their shareholder report contents using Inline
eXtensible Business Reporting Language or “Inline XBRL.” These
requirements will make open-end funds’ shareholder report
disclosure more readily available and easily accessible for
aggregation, comparison, filtering, and other analysis.
The estimated annual burden
hours associated with the Investment Company Interactive Data
collection of information has increased from 327,571 hours to
328,139 hours (an increase of 568 hours). In addition, the external
cost burden associated with the Investment Company Interactive Data
collection of information has increased from $16,791,000 to
$16,838,400 (an increase of $47,400). The changes in annual burden
hours and external cost burdens are due to the proposed amendments
to Form N-4 and Rule 405 that would require non-variable annuity
issuers to tag specified disclosures filed on Form N-4 using Inline
XBRL. These changes in burden also reflect the Commission’s
revision and update of burden estimates for all information
collections under this OMB control number (whether or not
associated with rulemaking changes), and the Commission’s requested
public comment on all information collection burden estimates for
this OMB control number.
No
No
No
No
No
No
No
Gregory Scopino 202
551-3057
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.
Supporting Statement_Interactive Data_RILA.pdf
Registered Investment Company Interactive Data