Rule 17j-1 (17 CFR 270.17j-1) under the Investment Company Act of 1940, Personal Investment Activities of Investment Company Personnel

Forms and Documents

Document	Type	Status	Availability
2025 05 15_90 FR 20718_3235-0224_30-Day Submission Notice.pdf.pdf	Supplementary Document	Uploaded 2025-05-15	Repair queued
2025 03 07_90 FR 11560_3235-0224_60-Day Collection Notice.pdf	Supplementary Document	Uploaded 2025-03-07	Repair queued
Supporting Statement_Rule 17j-1_EXT (2025).pdf	Supporting Statement A	Uploaded 2025-02-27	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
34621	Rule 17j-1 (17 CFT 270.17j-1) under the Investment Company Act of 1940, Personal Investment Activities of Investment Company Personnel	Instruction	Modified

ICR Details

OMB Control No: 3235-0224	ICR Reference No: 202502-3235-016
Status: Received in OIRA	Previous ICR Reference No: 202203-3235-013
Agency/Subagency: SEC	Agency Tracking No: IM
Title: Rule 17j-1 (17 CFR 270.17j-1) under the Investment Company Act of 1940, Personal Investment Activities of Investment Company Personnel
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 05/15/2025

	Requested	Previously Approved
Expiration Date	36 Months From Approved	07/31/2025
Responses	109,344	107,363
Time Burden (Hours)	428,708	376,628
Cost Burden (Dollars)	4,675,000	4,020,000

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Abstract: Rule 17j-1 (17 CFR 270.17j-1) under the Investment Company Act of 1940 requires codes of ethics to prevent affiliated persons of investment companies and their investment advisers and principal underwriters from engaging in fraudulent, deceptive, or manipulative practices. The rule also includes reporting requirements for affiliated persons to file reports with their investment company, investment adviser, or principal underwriter with respect to their personal securities transactions. The investment company, investment adviser, and principal underwriter must keep records of, among other things, the codes of ethics and certain reports, and make these records available to the Commission or any representative of the Commission at any time and from time to time for reasonable periodic, special or other examination.

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Authorizing Statute(s): US Code: 15 USC 80a-17 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:
	90 FR 11560	03/07/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 20718	05/15/2025
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 17j-1 (17 CFT 270.17j-1) under the Investment Company Act of 1940, Personal Investment Activities of Investment Company Personnel

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ICR Summary of Burden

	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	109,344	107,363	0	0	1,981	0
Annual Time Burden (Hours)	428,708	376,628	0	0	52,080	0
Annual Cost Burden (Dollars)	4,675,000	4,020,000	0	0	655,000	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 increase from 376,628 to 428,708 (or 52,080 hours) reflects a change in the estimated number of fund complexes currently operating. Likewise, the increase in external costs from $4,020,000 to $4,675,000 (or $655,000) is also due to the increased number of fund complexes.

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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: 05/15/2025

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