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

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.

The latest form for Rule 17f-5 (17 CFR 270.17f-5) under the Investment Company Act of 1940, Custody of Investment Company Assets Outside the United States expires 2029-07-31 and is listed under ICR 202601-3235-012.

Rule 17f-5 - Fund board findings

Federal Enterprise Architecture: Economic Development - Financial Sector Oversight