Search Results for keywords:"Rule 17f-4"

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Search Results: keywords:"Rule 17f-4"

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  • 2024-29578 — Proposed Collection; Comment Request; Extension: Rule 17f-4
    Type:Notice
    Citation:89 FR 101664
    Reading Time:about 6 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on their information collection process under Rule 17f-4, which deals with investment companies using securities depositories. They estimate that 639 entities, including funds and custodians, must follow these rules, involving a total annual burden of 3,148 hours for reporting and compliance. The SEC wants feedback on whether the information collected is useful and how to reduce its burden, and the deadline for comments is February 14, 2025. Written comments can be sent to the SEC's designated contact.

    Simple Explanation

    The SEC wants to hear what people think about a rule that tells certain money managers how they should store their securities safely. They are asking if the information they collect is helpful or if there's a way to make things easier and need all ideas by February 14, 2025.

  • 2025-03226 — Submission for OMB Review; Comment Request; Extension: Rule 17f-4
    Type:Notice
    Citation:90 FR 10960
    Reading Time:about 6 minutes

    The Securities and Exchange Commission (SEC) is asking for an extension of the approval for collecting certain information under Rule 17f-4, which is part of the Investment Company Act. This rule involves how investment funds and their custodians manage their securities using systems known as securities depositories. The SEC estimates the ongoing efforts of 639 entities, including funds and custodians, result in a total annual burden of 3,148 hours. The Commission is seeking public comments on this information collection, such as its necessity and ways to improve it, before the submission deadline on March 31, 2025.

    Simple Explanation

    The SEC is asking people to say what they think about a rule that talks about how investment companies keep track of their money using special systems, like big safes for money. They want to make sure these companies are doing it right, and they're counting on people's opinions to help them decide!