Rule 19b-1 Short Statement (12-6-13)

Short Statement
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).