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OMB Control No: 3235-0268	ICR Reference No: 202307-3235-011
Status: Historical Inactive	Previous ICR Reference No: 202109-3235-024
Agency/Subagency: SEC	Agency Tracking No: IM-270-258
Title: Rule 2a-7 (17 CFR 270.2a-7) under the Investment Company Act of 1940, Money market funds
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 09/22/2023
	Date Received in OIRA: 07/19/2023
Terms of Clearance: Proposed Rule Stage Boilerplate: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule. SEC should resolve the cost estimate disparity in the submission associated with the final rule.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2025	36 Months From Approved	08/31/2025
Responses	27,820	0	27,820
Time Burden (Hours)	293,516	0	293,516
Cost Burden (Dollars)	73,612,364	0	73,612,364

Abstract: Rule 2a-7 exempts money market funds from the valuation requirements of the Investment Company Act of 1940, and, subject to certain risk-limiting conditions, permits money market funds to use the amortized cost method of asset valuation or the penny-rounding method of share pricing.

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

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AM80	Proposed rulemaking	87 FR 7248	02/08/2022

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Rule 2a-7 (17 CFR 270.2a-7) under the Investment Company Act of 1940, Money market funds

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: With the proposed amendments, the estimated total annual hourly burden associated with rule 2a-7 would increase from 27,820 hours to 27,990 hours (an increase of 170 hours. This increase is attributable to the estimated time burdens related to the proposed swing pricing requirements and the recordkeeping requirements related to financial intermediaries. The external cost burden associated with rule 2a-7 would not change. The Commission requested public comment on all information collection burden estimates for this OMB control number

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? No

Agency Contact: Blair Burnett 202 551-3325

View ICR - OIRA Conclusion