Rule 19b-1 (17 CFR 270.19b-1) under the Investment Company Act of 1940 - Frequency of Distribution of Capital Gains

ICR 201106-3235-010

OMB: 3235-0354

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2011-06-16
Supplementary Document
2011-06-16
IC Document Collections
IC ID
Document
Title
Status
34899
Modified
ICR Details
3235-0354 201106-3235-010
Historical Active 200805-3235-008
SEC IM-270-312
Rule 19b-1 (17 CFR 270.19b-1) under the Investment Company Act of 1940 - Frequency of Distribution of Capital Gains
Extension without change of a currently approved collection   No
Regular
Approved without change 07/26/2011
Retrieve Notice of Action (NOA) 06/16/2011
  Inventory as of this Action Requested Previously Approved
07/31/2014 36 Months From Approved 10/31/2011
3,765 0 6,035
30 0 20
211,950 0 326,500

Rule 19b-1 permits registered investment companies to distribute capital gains more than one time per year provided certain conditions are met.

US Code: 15 USC 80a-19 Name of Law: Investment Company Act
  
None

Not associated with rulemaking

  76 FR 15004 03/18/2011
76 FR 28821 05/18/2011
No

1
IC Title Form No. Form Name
Rule 19b-1

  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 3,765 6,035 0 0 -2,270 0
Annual Time Burden (Hours) 30 20 0 0 10 0
Annual Cost Burden (Dollars) 211,950 326,500 0 0 -114,550 0
No
No
The estimated time burden associated with rule 19b-1 has increased from the current allocation of 20 hours to 30 hours, an increase of 10 hours. This increase in the hour burden is due to an increase in the number of funds filing applications for exemptive orders (from 5 to 6 per year), and a slight increase in the staff's estimate of hours required to prepare an exemptive application (from 4 to 5). The estimated cost burden of $326,500 has decreased to $211,950, a reduction of $114,550. The decrease in the cost burden is largely due to a decrease in the estimated total number of respondents to the rule from 6035 (6030 UITs plus 5 funds filing an application under rule 19b-1(e)) to 3765 (3759 UITs plus 6 funds filing an application under rule 19b-1(e)). The cost burden has also been adjusted to reflect the staffs' updated estimates of hourly salary rates and cost of preparation of applications.

$0
No
No
No
No
No
Uncollected
Thoreau Bartmann 202 551-6792 [email protected]

  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.
06/16/2011


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