Rule 17f-5 (17 CFR 270.17f-5) under the Investment Company Act of 1940, Custody of Investment Company Assets Outside the United States

Forms and Documents

Document	Type	Status	Availability
3235-0269_30-Day Submission Notice.pdf.pdf	Supplementary Document	Uploaded 2026-04-13	Available
20260128_3235-0269_2026-01626_91 FR 3761_60-Day Collection Notice.pdf	Supplementary Document	Uploaded 2026-01-28	Available
Supporting Statement_Rule 17f-5.pdf	Supporting Statement A	Uploaded 2026-01-20	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
34721	Rule 17f-5 - Fund board findings		Modified
198140	Rule 17f-5 - Foreign custody manager requirements		Modified

ICR Details

OMB Control No: 3235-0269	ICR Reference No: 202601-3235-012
Status: Received in OIRA	Previous ICR Reference No: 202303-3235-004
Agency/Subagency: SEC	Agency Tracking No: IM
Title: Rule 17f-5 (17 CFR 270.17f-5) under the Investment Company Act of 1940, Custody of Investment Company Assets Outside the United States
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: 04/13/2026

	Requested	Previously Approved
Expiration Date	36 Months From Approved	07/31/2026
Responses	170	184
Time Burden (Hours)	16,293	16,457
Cost Burden (Dollars)	0	0

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Abstract: Rule 17f 5 (17 CFR 270.17f 5) under the Investment Company Act of 1940 governs the custody of the assets of registered management investment companies (“funds”) with custodians outside the United States. The rule allows a fund or its foreign custody manager (as delegated by the fund’s board) to maintain the fund’s foreign assets in the care of an eligible fund custodian under certain conditions. If the fund board delegates to a foreign custody manager, the rule requires that the fund board find that it is reasonable to rely on each delegate and the delegate must agree to provide written reports to the fund board and establish a system to monitor the performance of the contract. The collection of information requirements under the rule are intended to provide protection for fund assets maintained with a foreign bank custodian.

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Authorizing Statute(s): US Code: 15 USC 80a-17(f) 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:
	91 FR 3761	01/28/2026
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 18933	04/13/2026
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Rule 17f-5 - Foreign custody manager requirements
Rule 17f-5 - Fund board findings

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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	170	184	0	0	-14	0
Annual Time Burden (Hours)	16,293	16,457	0	0	-164	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 decrease in the estimated burden of rule 17f-5 by 164.5 burden hours results from changes in the estimated number of registrants. The estimated number of new registrants with the Commission in a calendar year that might need to comply with rule 17f-5 dropped from 62 to approximately 55 while the estimated number of firms subject to rule 17-5 as foreign custody managers remained at 15. Commission staff anticipates that the number of existing funds that change their foreign custody managers is negligible and, therefore, the estimated compliance burden for funds under rule 17f-5 falls primarily on new registrants.

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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: 04/13/2026

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