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

ICR 201402-3235-030

OMB: 3235-0354

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2014-06-10
Supporting Statement B
2014-06-10
Supporting Statement A
2014-06-10
Supplementary Document
2011-06-16
IC Document Collections
IC ID
Document
Title
Status
34899
Modified
ICR Details
3235-0354 201402-3235-030
Historical Active 201106-3235-010
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 09/05/2014
Retrieve Notice of Action (NOA) 06/10/2014
  Inventory as of this Action Requested Previously Approved
09/30/2017 36 Months From Approved 09/30/2014
3,361 0 3,765
1 0 30
168,050 0 211,950

Rule 19b-1 regulates the frequency of capital gains distributions by registered investment companies.

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

Not associated with rulemaking

  78 FR 79714 12/31/2013
79 FR 14089 03/12/2014
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 3,361 3,765 0 0 -404 0
Annual Time Burden (Hours) 1 30 0 0 -29 0
Annual Cost Burden (Dollars) 168,050 211,950 0 0 -43,900 0
No
No
The estimated burden hours associated with rule 19b-1 have decreased from the current allocation of 30 hours to 1 hour, a decrease of 29 hours. This decrease is due to a decrease in the estimated number of funds filing applications for exemptive orders pursuant to rule 19b-1(e) (from 6 to 0 per year). Although Commission staff estimates that there is no hour burden associated with rule 19b-1, the staff is requesting an hour burden of one hour for administrative purposes. The estimated cost burden of $211,950 has decreased to $168,050, a reduction of $43,900. The decrease in the cost burden is due to a decrease in the estimated number of funds filing applications for exemptive orders pursuant to rule 19b-1(e) (from 6 to 0 per year) as well as a decrease in the estimated number of UITs that may rely on rule 19b-1(c).

$0
No
No
No
No
No
Uncollected
Andrea Magovern 202 551-6784

  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.
06/10/2014


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