Investment Company Act rule 17e-1, CFR Sec. 270.17e-1, Brokerage Transactions on a Securities Exchange

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
89 FR 94838 (OMB 3235–0217).pdf	Supplementary Document	Uploaded 2024-11-29	Available
89 FR 94838 (OMB 3235–0217).pdf	Supplementary Document	Uploaded 2024-11-29	Missing upstream
89 FR 76905 (OMB 3235-0217).pdf	Supplementary Document	Uploaded 2024-11-22	Available
89 FR 76905 (OMB 3235-0217).pdf	Supplementary Document	Uploaded 2024-11-22	Repair queued
Supporting Statement_Rule 17e-1 (2024).pdf	Supporting Statement A	Uploaded 2024-09-12	Available
Supporting Statement_Rule 17e-1 (2024).pdf	Supporting Statement A	Uploaded 2024-09-12	Missing upstream

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
34604	Rule 17e-1, Brokerage Transactions on a Securities Exchange		Modified

ICR Details

OMB Control No: 3235-0217	ICR Reference No: 202409-3235-009
Status: Active	Previous ICR Reference No: 202112-3235-010
Agency/Subagency: SEC	Agency Tracking No: IM-270-224
Title: Investment Company Act rule 17e-1, CFR Sec. 270.17e-1, Brokerage Transactions on a Securities Exchange
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/13/2025
Retrieve Notice of Action (NOA)	Date Received in OIRA: 11/29/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2028	36 Months From Approved	03/31/2025
Responses	1,614	0	1,640
Time Burden (Hours)	80,700	0	82,000
Cost Burden (Dollars)	0	0	0

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Abstract: Rule 17e-1 governs the receipt of compensation by a broker affiliated with a registered investment company in connection with securities transactions by the investment company. The rule requires the board of directors to establish and review procedures to ensure compliance with the rule, and imposes recordkeeping requirements concerning such procedures and transactions effected under the rule. The rule exempts certain transactions from some of the rule's procedural and recordkeeping requirements.

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Authorizing Statute(s): US Code: 15 USC 80a 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:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 76905	09/19/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 94838	11/29/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Rule 17e-1, Brokerage Transactions on a Securities Exchange

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ICR Summary of Burden

table that charts list 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	1,614	1,640	0	0	-26	0
Annual Time Burden (Hours)	80,700	82,000	0	0	-1,300	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The estimated hourly burden associated with rule 17e-1 has decreased from 82,000 hours to 80,700 hours (a decrease of 1,300 hours). The decrease in the amount of annual time burden is associated with a decrease in the number of funds reporting reliance on rule 17e-1 on Form N-CEN.

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Annual Cost to Federal Government: $0

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: 11/29/2024

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