Rule 32a-4 (17 CFR Sec. 270.32a-4) under the Investment Company Act of 1940, "Independent Audit Committees"

ICR 201612-3235-030

OMB: 3235-0530

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2017-06-13
IC Document Collections
IC ID
Document
Title
Status
35332
Modified
ICR Details
3235-0530 201612-3235-030
Historical Active 201404-3235-014
SEC IM 270-473
Rule 32a-4 (17 CFR Sec. 270.32a-4) under the Investment Company Act of 1940, "Independent Audit Committees"
Extension without change of a currently approved collection   No
Regular
Approved without change 08/30/2017
Retrieve Notice of Action (NOA) 06/13/2017
  Inventory as of this Action Requested Previously Approved
08/31/2020 36 Months From Approved 09/30/2017
112 0 139
280 0 417
168,000 0 208,500

Rule 32a-4 exempts a fund from the requirements of section 32(a)(2) of the Investment Company Act -- that shareholders ratify or reject the selection of the fund's independent public accountant -- if, among other things, the fund has an audit committee composed wholly of independent directors.

US Code: 15 USC 80a Name of Law: Investment Company Act of 1940
  
None

Not associated with rulemaking

  82 FR 11375 02/22/2017
82 FR 20398 05/01/2017
No

1
IC Title Form No. Form Name
Investment Company Act rule 32a-4

  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 112 139 0 0 -27 0
Annual Time Burden (Hours) 280 417 0 0 -137 0
Annual Cost Burden (Dollars) 168,000 208,500 0 0 -40,500 0
No
No
The decrease in the number of annual burden hours from 417 to 280 is the result of a decrease in the estimated number of new funds each year and from a decrease in the estimated number of hours associated with paralegal preparation of the audit committee charter for board review. The decrease in the ongoing annual cost burden from $208,500 to $168,000 is a result of the decrease in the estimated number of new funds each year.

$0
No
    No
    No
No
No
No
Uncollected
Andrea Magovern 202 551-6784

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
06/13/2017


© 2024 OMB.report | Privacy Policy