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OMB Control No: 3235-0354	ICR Reference No: 201106-3235-010
Status: Historical Active	Previous ICR Reference No: 200805-3235-008
Agency/Subagency: SEC	Agency Tracking No: IM-270-312
Title: Rule 19b-1 (17 CFR 270.19b-1) under the Investment Company Act of 1940 - Frequency of Distribution of Capital Gains
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/26/2011
	Date Received in OIRA: 06/16/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2014	36 Months From Approved	10/31/2011
Responses	3,765	0	6,035
Time Burden (Hours)	30	0	20
Cost Burden (Dollars)	211,950	0	326,500

Abstract: Rule 19b-1 permits registered investment companies to distribute capital gains more than one time per year provided certain conditions are met.

Authorizing Statute(s): US Code: 15 USC 80a-19 Name of Law: Investment Company Act

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:
	76 FR 15004	03/18/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 28821	05/18/2011
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
Rule 19b-1

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	3,765	6,035	-2,270
Annual Time Burden (Hours)	30	20	10
Annual Cost Burden (Dollars)	211,950	326,500	-114,550

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 time burden associated with rule 19b-1 has increased from the current allocation of 20 hours to 30 hours, an increase of 10 hours. This increase in the hour burden is due to an increase in the number of funds filing applications for exemptive orders (from 5 to 6 per year), and a slight increase in the staff's estimate of hours required to prepare an exemptive application (from 4 to 5). The estimated cost burden of $326,500 has decreased to $211,950, a reduction of $114,550. The decrease in the cost burden is largely due to a decrease in the estimated total number of respondents to the rule from 6035 (6030 UITs plus 5 funds filing an application under rule 19b-1(e)) to 3765 (3759 UITs plus 6 funds filing an application under rule 19b-1(e)). The cost burden has also been adjusted to reflect the staffs' updated estimates of hourly salary rates and cost of preparation of applications.

Annual Cost to Federal Government: $0

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

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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? Uncollected

Agency Contact: Thoreau Bartmann 202 551-6792 barthmannt@sec.gov

View ICR - OIRA Conclusion