Rule 22d-1 under the Investment Company Act of 1940 - Exemption from section 22(d) to permit sales of redeemable securities at prices which reflect sales loads set pursuant to a schedule.

Forms and Documents

Document	Type	Status	Availability
3235-0310_30-Day Submission Notice.pdf.pdf	Supplementary Document	Uploaded 2026-04-13	Available
20260129_3235-0310_2026-01726_91 FR 3945_60-Day Collection Notice.pdf	Supplementary Document	Uploaded 2026-01-29	Available
Supporting Statement_Rule 22d-1 (2026).pdf	Supporting Statement A	Uploaded 2026-01-26	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
34813	Investment Company Act Rule 22d-1		Modified

ICR Details

OMB Control No: 3235-0310	ICR Reference No: 202601-3235-015
Status: Received in OIRA	Previous ICR Reference No: 202303-3235-003
Agency/Subagency: SEC	Agency Tracking No: IM
Title: Rule 22d-1 under the Investment Company Act of 1940 - Exemption from section 22(d) to permit sales of redeemable securities at prices which reflect sales loads set pursuant to a schedule.
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: 04/13/2026

	Requested	Previously Approved
Expiration Date	36 Months From Approved	07/31/2026
Responses	3,370	3,776
Time Burden (Hours)	843	944
Cost Burden (Dollars)	0	0

---

Abstract: Rule 22d-1 (17 CFR 270.22d-1) is an exemptive rule that allows registered investment companies that issue redeemable securities to offer scheduled variations in or elimination of the sales load on such securities. A registered investment company that chooses to rely on rule 22d-1 must meet certain conditions and notice requirements. This collection, among other things, involves a third-party disclosure requirement to furnish adequate information concerning any scheduled variation to shareholders and investors in registration statements.

---

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

Citations for New Statutory Requirements: None

---

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

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 3945	01/29/2026
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 18927	04/13/2026
Did the Agency receive public comments on this ICR? No

---

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

IC Title	Form No.	Form Name
Investment Company Act Rule 22d-1

---

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	3,370	3,776	0	0	-406	0
Annual Time Burden (Hours)	843	944	0	0	-101	0
Annual Cost Burden (Dollars)	0	0	0	0	0	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 total annual hour burden for rule 22d-1 has decreased from 944 hours to 843 hours (a decrease of 101 hours). The estimated annual external costs remain $0. This decrease in burden hours for rule 22d-1 is attributable to a decrease in the estimated number of respondents from 3,776 to 3,370.

---

Annual Cost to Federal Government:

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.     Yes

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.     No

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

---

Common Form ICR:  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:

(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: 04/13/2026

---