Federal Register #OMB Control No. 3235-0179

SEC Notice: Proposed Extension of Information Collection Under Rule 31a-2

This notice from the Securities and Exchange Commission (SEC) concerns the proposed extension of an information collection requirement under Rule 31a-2 of the Investment Company Act of 1940. - Government Buyer: - Securities and Exchange Commission (SEC) - Scope: - Applies to registered investment companies, underwriters, broker-dealers, investment advisers, and depositors - Requires maintenance and preservation of specific books and records - Requirements: - Permanent preservation of certain records - Six-year retention for other records - Estimated 2,741 funds must comply annually - Significant time and cost burdens for compliance - No OEMs, vendors, or procurement of products/services involved - Public comments invited on necessity, accuracy, and burden of the information collection - No unique product or service requirements; this is a regulatory compliance activity

Description

This notice from the Securities and Exchange Commission (SEC) pertains to the extension of a collection under Rule 31a-2. The rule requires registered investment companies and certain related entities to maintain and preserve specific books and records for defined periods to ensure compliance with the Investment Company Act of 1940. The SEC estimates that approximately 2,741 funds comply annually, with significant time and cost burdens associated with record preservation. The notice invites public comments on the necessity, accuracy, and burden of the information collection.

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