Investment Company Act rule 18f-1, 17 C.F.R. Sec. 270.18f-1, exemption from certain requirements of section 18(f)(1) for registered open-end investment companies that have the right to redeem in kind;

Forms and Documents

Document Name	Status
Form SEC 1846 Investment Company Act Rule 18f-1; Form N-18F-1 Form and Instruction	Modified
3235-0211 60 day notice.pdf Supplementary Document	2020-03-09
30 Day Notice 3235-0211.pdf Supplementary Document	2020-03-09
Form N-18F-1 Rule 18f-1 60 DAY 2019-08-27 CLEAN.doc Supplementary Document	2019-09-24
Form N-18F-1 Rule 18f-1 30 DAY 2019-08-27 CLEAN.doc Supplementary Document	2019-09-24
Form N-18F-1 Rule 18f-1 Supporting Statement-FIN 2019-08-27.pdf Supporting Statement A	2019-09-24

IC Document Collections

IC ID	Document Title	Status
34585	Investment Company Act Rule 18f-1; Form N-18F-1 Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0211	ICR Reference No: 201909-3235-015
Status: Active	Previous ICR Reference No: 201611-3235-002
Agency/Subagency: SEC	Agency Tracking No: IM-270-187
Title: Investment Company Act rule 18f-1, 17 C.F.R. Sec. 270.18f-1, exemption from certain requirements of section 18(f)(1) for registered open-end investment companies that have the right to redeem in kind;
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/20/2020
	Date Received in OIRA: 03/09/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2023	36 Months From Approved	07/31/2020
Responses	22	0	38
Time Burden (Hours)	22	0	38
Cost Burden (Dollars)	0	0	0

---

Abstract: Rule 18f-1 enables a registered open-end management investment company that may redeem its securities in kind to elect to commit to make limited cash redemptions without violating section 18(f)(1) of the Investment Company Act of 1940. Form N-18F-1 provides notification of this election.

---

Authorizing Statute(s): US Code: 15 USC 80a Name of Law: Investment Company Act of 1940
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 71519	12/27/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 12634	03/03/2020
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Investment Company Act Rule 18f-1; Form N-18F-1	SEC 1846	Form N-18F-1

---

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	22	38	0	0	-16	0
Annual Time Burden (Hours)	22	38	0	0	-16	0
Annual Cost Burden (Dollars)	0	0	0	0	0	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 burden hours associated with rule 18f-1 and Form 18F-1 have decreased by 16 hours from the current allocation of 38 hours. This decrease is due to a decrease in the estimated number of investment companies filing Form N-18F-1 annually. There is no external cost associated with this collection of information

---

Annual Cost to Federal Government: $0

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.     No

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.     No

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

---

Common Form ICR:  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:

(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: 03/09/2020

---