SEC Solicits Comments about Extending the Collection of Certain Information from Funds and Their Advisers

The SEC issued a notice soliciting comments about extending the collection of information required by Investment Company Act Rule 17g-1, which governs the fidelity bonding of officers and employees of registered management investment companies ("funds") and their advisers. The notice was published in the Federal Register.

According to the SEC, the 17g-1 recordkeeping and filing requirements are designed to (i) ensure the safety of fund assets against losses due to the conduct of persons who may obtain access to those assets, (ii) facilitate the oversight of a fund's fidelity bond, and (iii) assist the SEC in monitoring funds' compliance with the fidelity bond requirements.

Comments and suggestions should be submitted in writing within 60 days of the notice's publication.

See: SEC Notice (80 FR 17533).