Federal Register #OMB Control No. 3235-0178

SEC Seeks Public Comment on Extension of Rule 31a-1 Information Collection Requirements

The Securities and Exchange Commission (SEC) is seeking public comment on its proposal to extend the information collection requirements under Rule 31a-1 of the Investment Company Act of 1940. - Government Buyer: - Securities and Exchange Commission (SEC), Office of FOIA Services - Scope of Request: - Extension of information collection requirements for registered investment companies, business development companies (BDCs), and certain majority-owned subsidiaries - Entities must maintain and keep current records supporting financial statements filed with the SEC - Records are used by the SEC for inspections, examinations, and compliance monitoring - Products/Services Requested: - No products or services are being procured; this is a regulatory information collection activity - Unique/Notable Requirements: - Focus on recordkeeping and compliance with securities laws - Estimated annual burden and costs for affected entities are outlined - Public comments are requested on necessity, accuracy, and efficiency of the collection process - OEMs and Vendors: - No OEMs or vendors are involved, as this is not a procurement of goods or services

Description

The Securities and Exchange Commission (SEC) is proposing to extend the existing collection of information under Rule 31a-1. This rule requires registered investment companies, business development companies (BDCs), and certain majority-owned subsidiaries to maintain and keep current records that support their financial statements filed with the SEC. The SEC uses these records during inspections and examinations to ensure compliance with securities laws and to detect violations. The notice invites public comment on the extension of this information collection requirement.

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