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.

ICR 202005-3235-005

OMB: 3235-0310

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2020-07-22
Supplementary Document
2020-07-22
Supporting Statement A
2020-05-06
IC Document Collections
IC ID
Document
Title
Status
34813
Modified
ICR Details
3235-0310 202005-3235-005
Active 201703-3235-009
SEC IM 270-275
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.
Extension without change of a currently approved collection   No
Regular
Approved without change 09/24/2020
Retrieve Notice of Action (NOA) 07/22/2020
  Inventory as of this Action Requested Previously Approved
09/30/2023 36 Months From Approved 11/30/2020
4,098 0 4,509
1,025 0 1,128
377,016 0 0

Rule 22d-1 permits registered investment companies that issue redeemable securities to offer scheduled variations in or elimination of the sales load on such securities to particular classes of investors provided certain conditions are met.

US Code: 15 USC 80a Name of Law: Investment Company Act of 1940
  
None

Not associated with rulemaking

  85 FR 28669 05/13/2020
85 FR 44349 07/22/2020
No

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

  Total Approved 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 4,098 4,509 0 0 -411 0
Annual Time Burden (Hours) 1,025 1,128 0 0 -103 0
Annual Cost Burden (Dollars) 377,016 0 0 0 377,016 0
No
No
The decrease in burden hours for rule 22d-1 is attributable to a decrease in the estimated number of respondents from 4,509 to 4,098, despite an increase in the hourly wage for a compliance attorney from $340 to $368 per hour. The decrease in the estimated number of respondents is the result of an adjustment in the estimated number of funds that currently issue redeemable securities that carry a sales load.

$0
No
    No
    No
No
No
No
No
Joel Cavanaugh 202 551-3173

  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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
07/22/2020


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