Rule 22c-1 (17 CFR 270.22c-1) under the Investment Company Act of 1940, Pricing of redeemable securities for distribution, redemption and repurchase

Rule 22c-1 (17 CFR 270.22c-1) permits a registered open-end investment company (but not a registered investment company that is regulated as a money market fund, and not including an exchange-traded fund) to use "swing pricing," the process of adjusting a fund's current net asset value per share to mitigate dilution of the value of its outstanding redeemable securities as a result of shareholder purchase and redemption activity, under certain circumstances. Rule 22c 1(a)(3) requires a fund that chooses to use swing pricing to adopt swing pricing policies and procedures that include certain elements and are approved by the fund’s board of directors, and to maintain certain records, including written copies of the fund’s swing pricing policies and procedures, the periodic report provided to the board, and records of support for each computation of an adjustment to the fund’s NAV based on the fund’s swing pricing policies and procedures. The information collections assist the Commission’s examination staff to ascertain whether a fund that has adopted swing pricing policies and procedures has done so in compliance with the requirements of rule 22c 1(a)(3).

The latest form for Rule 22c-1 (17 CFR 270.22c-1) under the Investment Company Act of 1940, Pricing of redeemable securities for distribution, redemption and repurchase expires 2029-04-30 and is listed under ICR 202512-3235-001.