Investment Company Act Rule 19a-1, 17 CFR 270.19a-1, Written Statement to Accompany Dividend Payments by Management Companies

Forms and Documents

Document Name	Status
3235-0216 60 Day Notice.pdf Supplementary Document	2021-02-02
3235-0216 30 Day Notice.pdf Supplementary Document	2021-02-02
Rule 19a-1 Supporting Statement.pdf Supporting Statement A	2020-11-10

IC Document Collections

IC ID	Document Title	Status
34600	Investment Company Act Rule 19a-1	Modified

ICR Details

OMB Control No: 3235-0216	ICR Reference No: 202011-3235-003
Status: Received in OIRA	Previous ICR Reference No: 201706-3235-018
Agency/Subagency: SEC	Agency Tracking No: IM-270-240
Title: Investment Company Act Rule 19a-1, 17 CFR 270.19a-1, Written Statement to Accompany Dividend Payments by Management Companies
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 02/02/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	05/31/2021
Responses	24,038	23,636
Time Burden (Hours)	24,038	23,636
Cost Burden (Dollars)	2,892,693	0

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Abstract: Rule 19a-1 under the Investment Company Act of 1940 requires a written statement to accompany certain distributions made by certain registered investment companies.

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Authorizing Statute(s): US Code: 15 USC 80a Name of Law: Investment Company Act of 1940
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 75084	11/24/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 7917	02/02/2021
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Investment Company Act Rule 19a-1

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ICR Summary of Burden

	Total Request	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	24,038	23,636	0	0	402	0
Annual Time Burden (Hours)	24,038	23,636	0	0	402	0
Annual Cost Burden (Dollars)	2,892,693	0	0	0	2,892,693	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The estimated annual burden of 24,038 hours represents an increase of 402 hours over the prior estimate of 23,636 hours. The increase in estimated burden hours results from an increase in the estimated number of series of registered investment companies that may be subject to rule 19a-1. The estimated annual cost burden of $2,892,693 represents an increase of $237,536 over the prior estimate of $2,655,157. This cost burden increase results from the increase in hour burden as well as an increase in wages of industry personnel.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 02/02/2021

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