Federal Register #OMB Control No. 3235-0269

SEC Seeks Public Comment on Rule 17f-5 Information Collection Extension

This notice from the Securities and Exchange Commission (SEC) concerns the extension of an information collection requirement under Rule 17f-5, not a procurement action. - Government Buyer: - Securities and Exchange Commission (SEC) - Office located at 100 F Street NE, Washington, DC 20549 - Purpose: - Seeks public comment on the continued necessity and burden of information collection under Rule 17f-5 - Rule 17f-5 relates to the custody of assets of registered management investment companies with foreign custodians - Requirements: - Registered funds and foreign custody managers must maintain board findings, written reports, and monitoring systems to ensure reasonable care of assets held abroad - Focus is on compliance, oversight, and reporting, not procurement of goods or services - No OEMs, vendors, products, or purchase quantities are involved - No contract value or period of performance applies, as this is a regulatory information collection activity

Description

This notice from the Securities and Exchange Commission (SEC) announces the extension of approval for the collection of information under Rule 17f-5, which governs the custody of assets of registered management investment companies with foreign custodians. The rule requires funds or their foreign custody managers to meet certain conditions, including board findings, written reports, and monitoring systems to ensure reasonable care of fund assets held abroad. The notice invites public comments on the information collection burden and its necessity.

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