Investment Company Act rule 22c-2, 17 C.F.R. Sec. 270.22c-2, Mandatory redemption fees for redeemable fund securities.\

ICR 200503-3235-001

OMB: 3235-0620

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
3235-0620 200503-3235-001
Historical Active
SEC
Investment Company Act rule 22c-2, 17 C.F.R. Sec. 270.22c-2, Mandatory redemption fees for redeemable fund securities.\
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 05/06/2005
Retrieve Notice of Action (NOA) 03/07/2005
  Inventory as of this Action Requested Previously Approved
05/31/2008 05/31/2008
25,320 0 0
1,782,450 0 0
0 0 0

Rule 22c-2 under the Investment Company Act, would require mutual funds (with certain limited exceptions) to impose a two percent redemption fee on the redemption of shares purchased within the previous five days. The redemption fee would be retained by the fund. The rule is designed to require short-term shareholders to reimburse the mutual fund for costs incurred when they use the fund to implement short-term trading strategies, such as market timing.

None
None


No

1
IC Title Form No. Form Name
Investment Company Act rule 22c-2, 17 C.F.R. Sec. 270.22c-2, Mandatory redemption fees for redeemable fund securities.\

  Total Approved 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 25,320 0 0 25,320 0 0
Annual Time Burden (Hours) 1,782,450 0 0 1,782,450 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
03/07/2005


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