Rule 31a-1 under the Investment Company Act of 1940 (17 CFR 270.31a-1)

Forms and Documents

Document Name	Status
3235-0178 60 Day Notice.pdf Supplementary Document	2020-12-09
3235-0178 30 Day Notice.pdf Supplementary Document	2020-12-09
Rule 31a-1 Extension (Supporting Statement) (2020).pdf Supporting Statement A	2020-09-16

IC Document Collections

IC ID	Document Title	Status
34509	Rule 31a-1	Modified

ICR Details

OMB Control No: 3235-0178	ICR Reference No: 202009-3235-004
Status: Received in OIRA	Previous ICR Reference No: 201707-3235-007
Agency/Subagency: SEC	Agency Tracking No: IM 270-173
Title: Rule 31a-1 under the Investment Company Act of 1940 (17 CFR 270.31a-1)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 12/09/2020

	Requested	Previously Approved
Expiration Date	36 Months From Approved	04/30/2021
Responses	3,964	4,029
Time Burden (Hours)	2,774,800	2,820,300
Cost Burden (Dollars)	0	0

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Abstract: Rule 31a-1 imposes requirements concerning records to be maintained by registered investment companies, certain majority-owned subsidiaries thereof, and other persons having transactions with registered investment companies.

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Authorizing Statute(s): US Code: 15 USC 80a-30 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:
	85 FR 61779	09/30/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 79256	12/09/2020
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
Rule 31a-1

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ICR Summary of Burden

	Total Request	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	3,964	4,029	0	0	-65	0
Annual Time Burden (Hours)	2,774,800	2,820,300	0	0	-45,500	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 total annual hour burden has decreased from 2,820,300 hours to 2,774,800 hours. This decrease is the result of a decrease in the number of registered funds from 4,029 to 3,964, which reflects an estimate of the number of active investment companies registered with the Commission as of March 31, 2020, based on statistics compiled by Commission staff.

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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? No

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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: 12/09/2020

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