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Federal forms, ICRs, and supporting documents

Information Collection Request

Rule 31a-2: Records to be preserved by registered investment companies, certain majority-owned subsidiaries thereof, and other persons having transactions with registered investment companies.

ICR 201611-3235-025 · OMB 3235-0179 · Historical Active

Forms and Documents
Document
Name
Status
Supporting Statement A
2016-11-30
Supplementary Document
2016-11-21
Supplementary Document
2016-11-21
Supplementary Document
2016-11-21
Supplementary Document
2016-11-21
Supplementary Document
2016-11-21
Supplementary Document
2016-11-21
Supplementary Document
2016-11-21
Supplementary Document
2016-11-21
IC Document Collections
IC ID
Document
Title
Status
34515
Modified
ICR Details
3235-0179 201611-3235-025
Historical Active 201505-3235-021
SEC IM-270-174
Rule 31a-2: Records to be preserved by registered investment companies, certain majority-owned subsidiaries thereof, and other persons having transactions with registered investment companies.
Revision of a currently approved collection   No
Regular
Approved without change 03/09/2017
Retrieve Notice of Action (NOA) 01/03/2017
  Inventory as of this Action Requested Previously Approved
03/31/2020 36 Months From Approved 12/31/2018
3,146 0 3,146
693,542 0 692,120
117,916,486 0 117,632,086
Rule 31a-2 under the Investment Company Act of 1940 ("Act")(17 CFR 270.31a-2) specifies the time periods that entities must retain certain books and records, including those required to be maintained under rule 31a-1 of the Act.
US Code: 15 USC 80a-30 Name of Law: Investment Company Act of 1940
  
None
3235-AL61 Final or interim final rulemaking 81 FR 82084 11/18/2016
Yes
  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 3,146 3,146 0 0 0 0
Annual Time Burden (Hours) 693,542 692,120 0 0 1,422 0
Annual Cost Burden (Dollars) 117,916,486 117,632,086 0 0 284,400 0
No
No
We estimate that the total annual time burden associated with rule 31a-2 will increase by 1,422 hours and that the total annual external cost burden of compliance with rule 31a-2 would increase by $284,400 for the estimated 474 funds the staff anticipates will engage in “swing pricing” in reliance on the amendments to rule 22c-1 under the Investment Company Act, which would permit, but not require, registered open end management investment companies (except money market funds and exchange-traded funds) to use swing pricing, a process of adjusting the net asset value of a fund’s shares to pass on to purchasing or redeeming shareholders costs associated with their trading activity. The change in burden hours and external cost of compliance is due to the staff’s estimates of the time and costs that would result from our proposed amendments to rule 31a-2 to require a fund that chooses to use swing pricing to create and maintain a record of support for each computation of an adjustment to the net asset value of the fund’s shares based on the fund’s swing policies and procedures.
$0
No
No
No
No
No
Uncollected
Zeena Abdul-Rahman 202 551-4099
  No
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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
01/03/2017