View Information Collection Request (ICR) Package

OMB Control No: 3235-0354	ICR Reference No: 201402-3235-030
Status: Historical Active	Previous ICR Reference No: 201106-3235-010
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: 09/05/2014
	Date Received in OIRA: 06/10/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2017	36 Months From Approved	09/30/2014
Responses	3,361	0	3,765
Time Burden (Hours)	1	0	30
Cost Burden (Dollars)	168,050	0	211,950

Abstract: Rule 19b-1 regulates the frequency of capital gains distributions by registered investment companies.

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:
	78 FR 79714	12/31/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 14089	03/12/2014
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	3,361	3,765	-404
Annual Time Burden (Hours)	1	30	-29
Annual Cost Burden (Dollars)	168,050	211,950	-43,900

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 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).

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: Andrea Magovern 202 551-6784

View ICR - OIRA Conclusion