View Information Collection Request (ICR) Package
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COMMENT
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Days
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OMB Control No:
3235-0779
ICR Reference No:
202606-3235-004
Status:
Received in OIRA
Previous ICR Reference No:
202310-3235-010
Agency/Subagency:
SEC
Agency Tracking No:
IM
Title:
Rule 2a-5 under the Investment Company Act of 1940, Fair Value
Type of Information Collection:
Extension without change of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
Date Submitted to OIRA:
08/28/2026
Requested
Previously Approved
Expiration Date
36 Months From Approved
01/31/2027
Responses
10,047
9,800
Time Burden (Hours)
341,598
333,200
Cost Burden (Dollars)
36,490,704
36,005,200
Abstract:
Rule 2a-5 provides requirements for determining in good faith the fair value of the investments of a registered investment company or companies that have elected to be treated as business development companies under the Investment Company Act of 1940 for purposes of section 2(a)(41) of the Investment Company Act and rule 2a-4 thereunder.
Authorizing Statute(s):
US Code:
15 USC 80a-8
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:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
91 FR 37169
06/22/2026
30-day Notice:
Federal Register Citation:
Citation Date:
91 FR 55658
08/28/2026
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-5 under the Investment Company Act of 1940, Fair Value
ICR Summary of Burden
Total Request
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
10,047
9,800
0
0
247
0
Annual Time Burden (Hours)
341,598
333,200
0
0
8,398
0
Annual Cost Burden (Dollars)
36,490,704
36,005,200
0
0
485,504
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:
We revised the estimated number of responses from 9,800 responses to 10,047 responses, which is an increase of 247 responses. We revised the estimated aggregate annual time burden from 333,200 hours to 341,598 hours, which is an increase of 8,398 hours. We revised the estimated aggregate annual monetized time burden from $226,772,000 to $335,790,834, which is an increase of $109,018,834. We revised the estimated aggregate annual external cost burden from $36,005,200 to $36,490,704, which is an increase of $485,504. The changes in burdens are due to using updated data and revised methodologies.
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:
Alexis Palascak 202 551-6246
Common Form ICR:
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:
(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:
08/28/2026
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