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View ICR - OIRA Conclusion

OMB Control No: 3235-0179	ICR Reference No: 201211-3235-018
Status: Historical Active	Previous ICR Reference No: 200910-3235-011
Agency/Subagency: SEC	Agency Tracking No: IM-270-174
Title: Rule 31a-2 Records to be preserved by registered investment companies, certain majority-owned subsidiaries thereof, and other persons having transactions with registered investment companies.
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: 12/30/2012
	Date Received in OIRA: 11/21/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2015	36 Months From Approved	03/31/2013
Responses	3,484	0	4,522
Time Burden (Hours)	766,480	0	994,840
Cost Burden (Dollars)	121,940,000	0	158,270,000

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	3,484	4,522	-1,038
Annual Time Burden (Hours)	766,480	994,840	-228,360
Annual Cost Burden (Dollars)	121,940,000	158,270,000	-36,330,000

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 staff's time burden estimate for compliance with rule 31a-2 has decreased, from 994,840 hours to 776,480 hours, a net decrease of 228,360 hours. Similarly, the staff's estimate for the cost of compliance has been reduced from approximately $158,270,000 to approximately $121,940,000, a reduction of $36,330,000. Both of these changes are primarily due to a decrease in the number of active funds to which the rule applies, from approximately 4,522 to 3,484.

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