Federal Register #2026-21637

SEC request to extend Rule 17g-1 information-collection requirements

The Securities and Exchange Commission is seeking review of an extension to information-collection requirements for fidelity bonds held by registered management investment companies. - Government entities - Requesting agency: U.S. Securities and Exchange Commission (SEC). - Reviewing office: Office of Management and Budget (OMB). - Scope of the request - Extends Rule 17g-1 requirements concerning fidelity bonds for registered management investment companies. - Requirements include independent-director approval of bond terms and premiums, minimum coverage levels, notices and records for bond changes or claims, and filings with the SEC. - Estimated reporting burden - Approximately 2,078 funds are expected to submit 2,437 Form 17G filings annually. - Estimated annual burden: 4,874 hours and $31,583,520 in internal costs. These are estimated reporting costs, not a contract value. - Procurement status - This is an information-collection review, not a request to buy products or services. - No OEMs, vendors, products, or service line items are identified.

Description

The Securities and Exchange Commission is submitting to the Office of Management and Budget a request to extend the information collection requirements of Rule 17g-1. The rule concerns fidelity bonds for registered management investment companies and related approvals, filings, and notifications. The notice estimates that approximately 2,078 funds will collectively submit 2,437 Form 17G filings annually, with an estimated total annual burden of 4,874 hours. Comments on the information collection request are due by November 23, 2026.

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