Federal Register #OMB Control No. 3235-0574

SEC Requests Public Comment on Extension of Rule 3a-8 Information Collection

The Securities and Exchange Commission (SEC) is seeking public comment on the proposed extension of information collection requirements under Rule 3a-8 of the Investment Company Act of 1940. - Government Buyer: - Securities and Exchange Commission (SEC) - Office of FOIA Services - Purpose: - Request for public input on the continued collection of information required by Rule 3a-8 - Rule 3a-8 provides a safe harbor for certain research and development (R&D) companies from being classified as investment companies - Requirements: - R&D companies must maintain board resolutions and written investment policies to qualify for the safe harbor - The SEC seeks feedback on: - The necessity and practical utility of the information collection - The accuracy of the agency’s burden estimates - Ways to enhance the quality, utility, and clarity of the information collected - Methods to minimize the burden on respondents - No products or services are being procured - No OEMs or vendors are mentioned in this notice - This is strictly a request for information and comment, not a procurement of goods or services

Description

This notice from the Securities and Exchange Commission (SEC) announces the proposed extension of the information collection requirements under Rule 3a-8 of the Investment Company Act of 1940. The rule provides a safe harbor for certain research and development companies from being classified as investment companies, requiring board resolutions and investment policies to be maintained. The SEC is soliciting public comments on the necessity, burden, and clarity of this information collection.

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