Rule 498B under the Securities Act of 1933; Delivery of prospectuses to existing shareholders of open-end management investment companies

ICR 202011-3235-009

OMB: 3235-0782

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2020-11-10
ICR Details
202011-3235-009
Received in OIRA
SEC
Rule 498B under the Securities Act of 1933; Delivery of prospectuses to existing shareholders of open-end management investment companies
New collection (Request for a new OMB Control Number)   No
Regular 11/17/2020
  Requested Previously Approved
36 Months From Approved
11,169 0
402,084 0
5,584,500 0

Proposed rule 498B under the Securities Act of 1933 would provide open-end management investment companies with an alternative way to keep shareholders informed, subject to specific conditions, instead of delivering prospectus updates to existing shareholders each year to satisfy section 5(b)(2) of the Securities Act.

US Code: 15 USC 77a Name of Law: Securities Act of 1933
  
None

3235-AM52 Proposed rulemaking 85 FR 70716 11/05/2020

No

  Total Request 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 11,169 0 0 11,169 0 0
Annual Time Burden (Hours) 402,084 0 0 402,084 0 0
Annual Cost Burden (Dollars) 5,584,500 0 0 5,584,500 0 0
Yes
Miscellaneous Actions
No
We are asking that a new collection of information for proposed rule 498B be created. The hour burden for the proposed rule will be 402,084 hours, and the cost burden will be $5,584,500.

No
    No
    No
No
No
No
No
Angela Mokodean 202 551-5490 makodeana@sec.gov

  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.
11/17/2020


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