Rule 17f-2 (17 CFR 270.17f-2) under the Investment Company Act of 1940, Custody of Investments by Registered Management Investment Company.

Forms and Documents

Document Name	Status
Rule 17f-2 Supporting Statement.pdf Supporting Statement A	2012-01-26

IC Document Collections

IC ID	Document Title	Status
34618	Rule 17f-2 (17 CFR 270.17f-2) under the Investment Company Act of 1940, Custody of Investments by Registered Management Investment Company.	Modified

ICR Details

OMB Control No: 3235-0223	ICR Reference No: 201111-3235-033
Status: Historical Active	Previous ICR Reference No: 200810-3235-003
Agency/Subagency: SEC	Agency Tracking No: IM-270-233
Title: Rule 17f-2 (17 CFR 270.17f-2) under the Investment Company Act of 1940, Custody of Investments by Registered Management Investment Company.
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/04/2012
	Date Received in OIRA: 01/26/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2015	36 Months From Approved	06/30/2012
Responses	236,682	0	282,300
Time Burden (Hours)	61,236	0	81,300
Cost Burden (Dollars)	11,400,000	0	9,500,000

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Abstract: Rule 17f-2 establishes safeguards for arrangements in which a registered management investment company is deemed to maintain custody of its own assets, such as when the company maintains assets in a facility that provides safekeeping but not custodial services.

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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:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 72225	11/22/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 4063	01/26/2012
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
Rule 17f-2 (17 CFR 270.17f-2) under the Investment Company Act of 1940, Custody of Investments by Registered Management Investment Company.

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ICR Summary of Burden

	Total Approved	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	236,682	282,300	0	0	-45,618	0
Annual Time Burden (Hours)	61,236	81,300	0	0	-20,064	0
Annual Cost Burden (Dollars)	11,400,000	9,500,000	0	0	1,900,000	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: The estimated total annual time burden for Rule 17f-2 has decreased from 81,300 hours to 61,236 hours. The estimated total annual cost has increased from $9.5 million to $11.4 million. The decrease in hours is attributable to a decrease in the number of funds relying on Rule 17f-2 and a decrease in the hour annually burden. The increase in the total annual cost burden is attributable to an increase in the review time that funds will now require from outside counsel.

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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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

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: 01/26/2012

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