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View ICR - OIRA Conclusion

OMB Control No: 3235-0620	ICR Reference No: 202406-3235-012
Status: Active	Previous ICR Reference No: 202105-3235-023
Agency/Subagency: SEC	Agency Tracking No: IM-270-541
Title: Investment Company Act rule 22c-2, 17 CFR 270.22c-2 Mutual Fund Redemption Fees
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: 11/01/2024
	Date Received in OIRA: 09/05/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2027	36 Months From Approved	12/31/2024
Responses	338,572	0	357,776
Time Burden (Hours)	25,313	0	27,088
Cost Burden (Dollars)	42,809,868	0	40,270,564

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	338,572	357,776	-19,204
Annual Time Burden (Hours)	25,313	27,088	-1,775
Annual Cost Burden (Dollars)	42,809,868	40,270,564	2,539,304

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: There has been a decrease in the estimates of burden hours for rule 22c-2. The decrease primarily results from a decrease in the number of fund groups, both active and new fund groups. Accordingly, the estimated hour burden has decreased to 25,313 hours from a previously estimated 27,088, a decrease of 1,775 hours. There has been, however, an increase in the cost burden associated with rule 22c-2. The estimated cost burden has increased to $12,392,344 from $11,645,460. This $746,884 increase is attributable to an increase in the costs of internal compliance personnel and directors associated with the compliance obligations of rule 22c-2.

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. 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

Agency Contact: Blair Burnett 202 551-3325

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