Federal Register #OMB Control No. 3235-0213

SEC Requests Public Comment on Extension of Rule 17g-1 Information Collection

The Securities and Exchange Commission (SEC) is seeking public comment on its proposal to extend the information collection requirements under Rule 17g-1. - Government Buyer: - Securities and Exchange Commission (SEC) - Purpose: - Extension of information collection related to Rule 17g-1 - Rule 17g-1 requires registered management investment companies to maintain fidelity bonds against larceny and embezzlement - Requirements: - Annual approval of fidelity bonds by independent directors - Minimum coverage amounts based on company gross assets - Detailed filing and notification procedures for bond changes or losses - Estimation of compliance burden and costs - No products, OEMs, or vendors are requested; this is a regulatory notice for information collection - The SEC is specifically requesting feedback on the necessity, accuracy, and burden of the information collection process

Description

This notice from the Securities and Exchange Commission (SEC) proposes to extend the collection of information under Rule 17g-1. The rule requires registered management investment companies to maintain fidelity bonds against larceny and embezzlement, with specific filing and notification requirements. The SEC is seeking public comments on the proposed extension of this information collection. The notice includes details on the estimated burden and costs associated with compliance.

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