Investment Company Act rule 15a-5, 17 C.F.R. Sec. 270.15a-5, Exemption from shareholder approval for certain subadvisory contracts.

Forms and Documents

Document Name	Status
33-8312.pdf Supplementary Document	2006-10-26
Supporting Statement - FIN.doc Supporting Statement A	2006-10-26

IC Document Collections

IC ID	Document Title	Status
35445	Investment Company Act Rule 15a-5	Modified

ICR Details

OMB Control No: 3235-0587	ICR Reference No: 200609-3235-012
Status: Historical Inactive	Previous ICR Reference No: 200310-3235-020
Agency/Subagency: SEC	Agency Tracking No: 270-527
Title: Investment Company Act rule 15a-5, 17 C.F.R. Sec. 270.15a-5, Exemption from shareholder approval for certain subadvisory contracts.
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Preapproved	Conclusion Date: 12/29/2006
	Date Received in OIRA: 11/06/2006
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2009	36 Months From Approved	07/31/2007
Responses	414	0	347
Time Burden (Hours)	3,862	0	3,232
Cost Burden (Dollars)	0	0	0

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Abstract: The Commission is proposing new rule 15a-5 under the Investment Company Act to permit, under certain conditions, an investment adviser to serve as a subadviser to an investment company without approval by shareholders of the investment company. The rule would largely codify a number of exemptive orders that have permitted one or more subadvisers to manage an investment company's assets subject to the supervision of an investment adviser whose advisory contract has been approved by the company's shareholders.

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Authorizing Statute(s): US Code: 15 USC 80a Name of Law: Investment Company Act of 1940
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AH80	Proposed rulemaking	68 FR 61720	10/29/2003

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 51867	08/31/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 64748	11/03/2006
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Investment Company Act Rule 15a-5

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	414	347	0	0	67	0
Annual Time Burden (Hours)	3,862	3,232	0	0	630	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 11/06/2006

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