Rule 17j-1 (17 CFR 270.17j-1) under the Investment Company Act of 1940, Personal Investment Activities of Investment Company Personnel

Forms and Documents

Document Name	Status
Rule 17j-1 60 DAY Notice 2019.pdf Supplementary Document	2019-05-01
Rule 17j-1 30 DAY Notice - 2019.doc Supplementary Document	2019-05-01
Rule 17j-1 Supporting Statement - 2019.pdf Supporting Statement A	2019-05-01
Rule 17j-1 (rule text).pdf Supplementary Document	2019-02-06

IC Document Collections

IC ID	Document Title	Status
34621	Rule 17j-1 (17 CFT 270.17j-1) under the Investment Company Act of 1940, Personal Investment Activities of Investment Company Personnel	Modified

ICR Details

OMB Control No: 3235-0224	ICR Reference No: 201902-3235-006
Status: Active	Previous ICR Reference No: 201508-3235-002
Agency/Subagency: SEC	Agency Tracking No: IM-270-239
Title: Rule 17j-1 (17 CFR 270.17j-1) under the Investment Company Act of 1940, Personal Investment Activities of Investment Company Personnel
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: 07/12/2019
	Date Received in OIRA: 05/01/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2022	36 Months From Approved	07/31/2019
Responses	107,038	0	108,305
Time Burden (Hours)	368,094	0	401,407
Cost Burden (Dollars)	3,915,000	0	4,335,000

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Abstract: Rule 17j-1 requires investment companies and their investment advisers and principal underwriters to establish codes of ethics to prevent affiliated persons from engaging in fraudulent practices and requires these persons to file reports with their employers with respect to their personal securities transactions.

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Authorizing Statute(s): US Code: 15 USC 80a-17 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:
	84 FR 4108	02/14/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 16748	04/22/2019
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 17j-1 (17 CFT 270.17j-1) under the Investment Company Act of 1940, Personal Investment Activities of Investment Company Personnel

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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	107,038	108,305	0	0	-1,267	0
Annual Time Burden (Hours)	368,094	401,407	0	0	-33,313	0
Annual Cost Burden (Dollars)	3,915,000	4,335,000	0	0	-420,000	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 decrease from to 401,407 burden hours to 368,094 hours (a decrease of 33,313 hours) reflects a change in the estimated number of fund complexes currently operating. The decrease in costs from $4,335,000 to $3,915,000 (a decrease of $420,000) associated with the collections of information is attributable to a decrease in the number of fund complexes currently operating.

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Annual Cost to Federal Government: $0

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 05/01/2019

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