Federal Register #OMB Control No. 3235-0531

SEC Requests Public Comment on Rule 0-1 Information Collection Extension

This opportunity is a public comment request from the Securities and Exchange Commission (SEC) regarding the extension of information collection for Rule 0-1 under the Investment Company Act of 1940. - Government Buyer: - Securities and Exchange Commission (SEC) - No OEMs, vendors, or commercial products/services are mentioned - Purpose: - To gather public input on the continued necessity and burden of information collection related to Rule 0-1 - Rule 0-1 defines terms and sets conditions for certain exemptive rules under the Investment Company Act - Compliance involves fund independent directors determining the independence of legal counsel - Notable Requirements: - Focused on regulatory compliance and information collection - No procurement of goods or services involved - Open for public comment to assess utility, accuracy, and burden of the information collection

Description

The Securities and Exchange Commission (SEC) is seeking comments on the extension of the collection of information related to Rule 0-1 under the Investment Company Act of 1940. This rule defines terms used in the part and includes conditions for the availability of certain exemptive rules. The collection aims to assess the burden and necessity of compliance with the rule, which involves determinations by fund independent directors regarding legal counsel independence.

View original listing