Federal Register 60-Day Collection Notice

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Federal Register / Vol. 91, No. 138 / Tuesday, July 21, 2026 / Notices

• Send an email to rule-comments@
sec.gov. Please include file number SR–
ICC–2026–006 on the subject line.
Paper Comments
Send paper comments in triplicate to
Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549.
All submissions should refer to file
number SR–ICC–2026–006. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method of submission. The
Commission will post all comments on
the Commission’s internet website
(https://www.sec.gov/rules-regulations/
self-regulatory-organizationrulemaking). Copies of the filing will be
available for inspection and copying at
the principal office of ICE Clear Credit
and on ICE Clear Credit’s website at
https://www.ice.com/clear-credit/
regulation.
Do not include personal identifiable
information in submissions; you should
submit only information that you wish
to make available publicly. We may
redact in part or withhold entirely from
publication submitted material that is
obscene or subject to copyright
protection. All submissions should refer
to file number SR–ICC–2026–006 and
should be submitted on or before
August 11, 2026.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.28
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–14626 Filed 7–20–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0179]

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Agency Information Collection
Activities; Proposed Collection;
Comment Request; Extension: Rule
31a–2
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. § 3501 et seq.), the Securities
and Exchange Commission (SEC or
‘‘Commission’’) is soliciting comments
28 17 CFR 200.30–3(a)(12).

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on the proposed collection of
information described below.
Section 31(a)(1) of the Investment
Company Act of 1940 (the ‘‘Act’’) 1
requires registered investment
companies (‘‘funds’’) and certain
underwriters, broker-dealers,
investment advisers, and depositors to
maintain and preserve records as
prescribed by Commission rules.2 Rule
31a–1 under the Act specifies the books
and records that each of these entities
must maintain.3 Rule 31a–2 under the
Act specifies the time periods that
entities must retain certain books and
records, including those required to be
maintained under rule 31a–1.4
Retention of records, as required by
the rule, is necessary to ensure access to
material business and financial
information about funds and certain
related entities. Commission staff
periodically inspect the operations of
funds to ensure they are in compliance
with the Act and regulations under the
Act. Due to the limits on the
Commission’s resources, however, each
fund may only be inspected at intervals
of several years. In addition, the
prosecution of persons who have
engaged in certain violations of the
federal securities laws may not be
limited by timing restrictions. For these
reasons, Commission staff often need
information relating to events or
transactions that occurred years ago.
Without the requirement to preserve
books, records, and other documents,
Commission staff would have difficulty
determining whether the fund was in
compliance with the law in such areas
as valuation of its portfolio securities,
computation of the prices investors
paid, and, when purchasing and selling
fund shares, types and amounts of
expenses the fund incurred, kinds of
investments the fund purchased, actions
of affiliated persons, or whether the
fund had engaged in any illegal or
fraudulent activities.
Rule 31a–2 requires every fund to
preserve permanently, and in an easily
accessible place for the first two years,
all books and records required under
rule 31a–1(b)(1)–(4).5 Every fund must
preserve for at least six years, and in an
1 15 U.S.C. 80a1 et seq.
2 15 U.S.C. 80a30(a)(1).
3 17 CFR 270.31a1.
4 17 CFR 270.31a2.
5 17 CFR 270.31a2(a)(1). These include, among
other records, journals detailing daily purchases
and sales of securities; general and auxiliary ledgers
reflecting all assets, liability, reserve, capital,
income, and expense accounts; separate ledgers
reflecting for each portfolio security as of the trade
date all ‘‘long’’ and ‘‘short’’ positions carried by the
fund for its own account; and corporate charters,
certificates of incorporation, by-laws, and minute
books. 17 CFR 270.31a–1(b)(1)–(4).

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easily accessible place for the first two
years: all books and records required
under rule 31a–1(b)(5)–(12); 6 all
vouchers, memoranda, correspondence,
checkbooks, bank statements, canceled
checks, cash reconciliations, canceled
stock certificates, and all schedules
evidencing and supporting each
computation of net asset value of fund
shares, including schedules evidencing
and supporting each computation of an
adjustment to net asset value based on
swing pricing policies and procedures;
all schedules evidencing and supporting
each computation of a liquidity fee by
a money market fund pursuant to rule
2a–7(c)(2); 7 other documents required
to be maintained by rule 31a–1(a) and
not enumerated in rule 31a–1(b); any
advertisement, pamphlet, circular, form
letter, or other sales literature addressed
or intended for distribution to
prospective investors; 8 any record of
the initial determination that a director
is not an interested person of the fund,
and each subsequent determination that
the director is not an interested person
of the fund; 9 any materials used by the
disinterested directors of a fund to
determine that a person who is acting as
legal counsel to those directors is an
independent legal counsel; 10 and any
documents or other written information
considered by the directors of the fund
pursuant to section 15(c) of the Act in
approving the terms or renewal of a
contract or agreement between the fund
and an investment advisor.11 Every
underwriter, broker, or dealer that is a
majority-owned subsidiary of a fund
must preserve records required to be
preserved by brokers and dealers under
rules adopted under section 17 of the
Securities Exchange Act of 1934 (the
‘‘Exchange Act’’) 12 for the periods
6 17 CFR 270.31a2(a)(2). These include, among
other records, records of each brokerage order given
in connection with purchases and sales of securities
by the fund; records of all other portfolio purchases
or sales; records of all puts, calls, spreads, straddles,
and other options in which the fund has an interest,
which it has granted, or which it has guaranteed;
records of proof of money balances in all ledger
accounts; files of all advisory material received
from the investment adviser; and memoranda
identifying persons, committees, or groups
authorizing the purchase or sale of securities for the
fund. 17 CFR 270.31a1(b)(5)–(12).
7 Id. See also 17 CFR 270.2a–7(c)(2).
8 17 CFR 270.31a2(a)(3).
9 17 CFR 270.31a2(a)(4).
10 17 CFR 270.31a2(a)(5).
11 17 CFR 270.31a2(a)(6). Section 15 of the Act
requires that fund directors, including a majority of
independent directors, annually approve the fund’s
advisory contract and that the directors first obtain
from the adviser the information reasonably
necessary to evaluate the contract. The information
request requirement in section 15 provides fund
directors, including independent directors, a tool
for obtaining the information they need to represent
shareholder interests. 15 U.S.C. 80a–15(c).
12 15 U.S.C. 78q.

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khammond on DSK9W7S144PROD with NOTICE

Federal Register / Vol. 91, No. 138 / Tuesday, July 21, 2026 / Notices
established in those rules.13 Every
depositor of a fund and every principal
underwriter of a fund (other than a
closed-end fund) must preserve for at
least six years records required to be
maintained by brokers and dealers
under rules adopted under section 17 of
the Exchange Act to the extent the
records are necessary or appropriate to
record the entity’s transactions with the
fund.14 Every investment adviser that is
a majority-owned subsidiary of a fund
must preserve the records required to be
preserved by investment advisers under
rules adopted under section 204 of the
Investment Advisers Act of 1940 (the
‘‘Investment Advisers Act’’) 15 for the
periods specified in those rules.16 Every
investment adviser that is not a
majority-owned subsidiary of a fund
must preserve for at least six years
records required to be maintained by
registered investment advisers under
rules adopted under section 204 of the
Investment Advisers Act to the extent
the records are necessary or appropriate
to reflect the adviser’s transactions with
the fund.17 Compliance with rule 31a–
2 is mandatory.
We estimate that approximately 2,741
funds are required to comply with rule
31a–2 annually. Each fund is estimated
to spend 221 hours per year preserving
the required books and records, at a
monetized cost burden of $49,283 per
fund. The total annual burden is
approximately 605,761 burden hours
and total annual time costs of
approximately $135,084,703. The
Commission estimates that funds incur
about $40,602 in external cost burden
each year, resulting in an aggregate
external cost burden of approximately
$111,290,082. An agency may not
conduct or sponsor, and a person is not
required to respond to, a collection of
information unless it displays a
currently valid OMB Control Number.
Written comments are invited on: (a)
whether this proposed collection of
information is necessary for the proper
performance of the functions of the SEC,
including whether the information will
have practical utility; (b) the accuracy of
the SEC’s estimate of the burden
imposed by the proposed collection of
information, including the validity of
the methodology and the assumptions
used; (c) ways to enhance the quality,
utility, and clarity of the information to
be collected; and (d) ways to minimize
the burden of the collection of
information on respondents, including

through the use of automated, electronic
collection techniques or other forms of
information technology.
Please direct your written comments
on this 60-Day Collection Notice to
Austin Gerig, Director/Chief Data
Officer, Securities and Exchange
Commission, c/o Tanya Ruttenberg via
email to PaperworkReductionAct@
sec.gov by September 21, 2026. There
will be a second opportunity to
comment on this SEC request following
the Federal Register publishing a 30Day Submission Notice.
Dated: July 16, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–14632 Filed 7–20–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0151]

Agency Information Collection
Activities; Proposed Collection;
Comment Request; Extension: Rule
17Ac3–1 and Form TA–W
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. § 3501 et seq.), the Securities
and Exchange Commission (‘‘SEC’’ or
‘‘Commission’’) is soliciting comments
on the proposed collection of
information provided for in Rule
17Ac3–1(a) (17 CFR 240.17Ac3–1(a))
and Form TA–W (17 CFR 249b.101),
under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.).
Section 17A of the Exchange Act 1
generally requires transfer agents
performing any transfer agent function
with respect to any security registered
under Section 12 of the Exchange Act 2
or issued by certain insurance or
investment companies to register with
an appropriate regulatory agency
(‘‘ARA’’) as defined in Section
3(a)(34)(B) of the Exchange Act.3
Section 17A(c)(4)(B) of the Exchange
Act 4 authorizes transfer agents
registered with an ARA to withdraw
from registration by filing with the ARA
a written notice of withdrawal and by
agreeing to such terms and conditions as
the ARA deems necessary or

13 17 CFR 270.31a2(b).
14 17 CFR 270.31a2(c).

1 15 U.S.C. 78q–1.

15 15 U.S.C. 80b4.

2 15 U.S.C. 78l.

16 17 CFR 270.31a2(d).

3 15 U.S.C. 78c(a)(34)(B).

17 17 CFR 270.31a2(e).

4 15 U.S.C. 78q–1(c)(4)(B).

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appropriate in the public interest, for
the protection of investors, or in
furtherance of the purposes of Section
17A.
In order to implement Section
17A(c)(4)(B), the Commission
promulgated Rule 17Ac3–1(a) and
accompanying Form TA–W (‘‘the
form’’).5 Rule 17Ac3–1(a) provides that
notice of withdrawal from registration
as a transfer agent with the Commission
shall be filed on Form TA–W. The
Commission later amended Rule
17Ac3–1(a) and accompanying Form
TA–W to require that the form be filed
in electronic format on EDGAR.6 Form
TA–W requires the withdrawing transfer
agent to provide the Commission with
certain information, including: (1) the
locations where transfer agent activities
are or were performed; (2) the reasons
for ceasing the performance of such
activities; (3) disclosure of unsatisfied
judgments or liens; and (4) information
regarding successor transfer agents.
From 2023 through 2025, respondents
annually filed approximately 12 Forms
TA–W with the Commission. The
Commission therefore estimates that 12
transfer agents are expected to rely on
Rule 17Ac3–1 and Form TA–W
annually over the subsequent 3 years.
The Commission estimates that it takes
approximately 30 minutes per transfer
agent to complete a Form TA–W. The
estimated aggregate annual time burden
is thus approximately 6 hours (12 filings
× 0.5 hours), which comprises a onetime reporting burden. The estimated
internal labor cost of compliance per
filing is approximately $72 (0.5 hours ×
$144 average hourly rate for a general
office clerk).7 The estimated aggregate
5 Exchange Act Release No. 13914 (Sep. 1, 1977),
42 FR 44983 (Sep. 8, 1977); 17 CFR 240.17Ac3–1
and 17 CFR 249b.101—Form TA–W.
6 Exchange Act Release No. 54864 (Dec. 4, 2007),
71 FR 74698 (Dec. 12, 2006).
7 For purposes of calculating the dollar cost
burdens associated with respondents using Form
TA–W, the Commission relies on the Occupational
Employment and Wage Statistics (‘‘OEWS’’) from
the U.S. Bureau of Labor Statistics (‘‘BLS’’). See
Occupational Employment and Wage Classification,
U.S. Bureau of Labor Statistics, https://
www.bls.gov/oes/; see also Standard Occupational
Classification, U.S. Bureau of Labor Statistics,
https://www.bls.gov/soc/ (describing occupational
classification system used by BLS); Exec. Off. Of the
President, Off. Of Mgmt. & Budget, North American
Industrial Classification System (2022), available at
https://www.census.gov/naics/reference_files_tools/
2022_NAICS_Manual.pdf (describing the industry
adjusted for changes in the seasonally adjusted
employment cost index for private wages and
salaries between the data reference period and
when the data are released by BLS. See
Employment Cost Index, U.S. Bureau of Labor
Statistics, https://www.bls.gov/eci/. The adjusted
mean hourly wage is then multiplied by a factor
that accounts for nonwage costs borne by
employers, such as bonuses, benefits, and overhead.

Continued

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