Rule 30b1-8 (17 CFR 270.30b1-8) under the Investment Company Act of 1940, "Current report for money market funds" and Form N-CR, "Current report, money market fund material events."

Forms and Documents

Document Name	Status
Form TBD Investment Company Act Rule 30b1-8 and Form N-CR Form and Instruction	Modified
Form N-CR Supporting Statement (2017).pdf Supporting Statement A	2018-01-19

IC Document Collections

IC ID	Document Title	Status
207472	Investment Company Act Rule 30b1-8 and Form N-CR Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0705	ICR Reference No: 201706-3235-004
Status: Active	Previous ICR Reference No: 201408-3235-004
Agency/Subagency: SEC	Agency Tracking No: IM-270-657
Title: Rule 30b1-8 (17 CFR 270.30b1-8) under the Investment Company Act of 1940, "Current report for money market funds" and Form N-CR, "Current report, money market fund material events."
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/12/2018
	Date Received in OIRA: 01/19/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2021	36 Months From Approved	03/31/2018
Responses	37	0	69
Time Burden (Hours)	315	0	941
Cost Burden (Dollars)	31,080	0	80,780

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Abstract: Rule 30b1-8 requires investment companies regulated as money market funds under rule 2a-7 of the Investment Company Act that experience certain specified events to file Form N-CR with the Commission, generally within one business day after occurrence of the event. Form N-CR is the form that sets forth the information required to be provided under rule 30b1-8.

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Authorizing Statute(s): US Code: 15 USC 80a 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:
	82 FR 43278	09/15/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 56281	11/28/2017
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
Investment Company Act Rule 30b1-8 and Form N-CR	TBD	Form N-CR

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ICR Summary of Burden

	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	37	69	0	0	-32	0
Annual Time Burden (Hours)	315	941	0	0	-626	0
Annual Cost Burden (Dollars)	31,080	80,780	0	0	-49,700	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 estimated hourly burden associated with Form N-CR has decreased from 941 hours to 315 hours (a decrease of 626 hours). The estimated external cost burden associated with Form N-CR has decreased from $80,780 to $31,080. The decrease in burden hours and external burden costs for compliance with rule 30b1 8 and Form N-CR is attributable to a decrease in the estimated number of reports filed on Form N-CR each year.

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Annual Cost to Federal Government:

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.     Yes

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.     Yes

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? Uncollected

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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: 01/19/2018

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