OMB files this comment in accordance with 5 CFR 1320.11(c). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
10/31/2021
36 Months From Approved
10/31/2021
15,206
0
15,206
178,803
0
178,803
10,000,647
0
10,000,647
Open-end management investment companies are required to submit to the Commission information included in their registration statements, or information included in or amended by post-effective amendments thereto, in response to Items 2, 3, and 4 (“risk/return summary information”) of Form N-1A (OMB Control No. 3235-0307) in interactive eXtensible Business Reporting Language (XBRL) data format. On Oct. 30, 2018, the Commission proposed amendments to certain rules and forms that would require variable annuity and variable life insurance contract issuers to also use the Inline XBRL format for the submission of certain required disclosures in variable contract statutory prospectuses.
Currently, the approved annual hour burden for complying with the newly-retitled “Registered Investment Company Interactive Data” requirements is 178,803 internal burden hours to use Inline XBRL format to tag fund risk/return summary items. The new estimate is 207,369 hours, representing an increase of 28,566 burden hours as a result of the proposal to require issuers of variable annuities and variable life insurance contracts to use Inline XBRL to tag certain disclosures. The increase in hourly burdens is due to an increase in the number of registrants that would be required to use Inline XBRL format to tag certain disclosures, and an increase in the number of filings to be tagged.
Currently, the total external cost burden for software and/or consulting services is $10,000,647. The new estimate is $10,615,347, representing an increase of $614,700 due to the increase in the number of registrants that would incur the cost of goods and services purchased to comply with the proposed Inline XBRL requirements
No
No
No
No
No
No
Uncollected
Amy Miller 202 551-4447
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.
Supporting Statement Mutual Fund Interactive Data.pdf
Mutual Fund Interactive Data