Rule 12b-1 [17 CFR 270.12b-1]
under the Investment Company Act of 1940: Distribution of Shares by
Registered Open-end Management Investment Company
Reinstatement with change of a previously approved collection
No
Regular
05/20/2022
Requested
Previously Approved
36 Months From Approved
25,432
0
192,950
0
90,000
0
Rule 12b-1 under the Investment
Company Act (17 CFR 270.12b-1) permits a mutual fund to bear
expenses associated with the distribution of its shares, provided
that the fund complies with certain requirements. Rule 12b-1
requires, among other things, that the fund adopt a written plan
describing all material aspects of the proposed financing of
distribution ("rule 12b-1 plan"). The rule 12b-1 plan must be
approved by the fund's board of directors, including the
independent directors (as described in the rule), and, if the rule
12b-1 plan is being adopted after public offering of the fund's
voting securities, by a majority of the fund's outstanding voting
securities.
US Code:
15 USC 80a-12(b) Name of Law: Investment Company Act of
1940
The estimated annual burden
hours for funds with rule 12b-1 plans has increased from 137,275 to
192,950 hours (an increase of 55,675 hours). This is due to an
increase in the number of fund families that have at least one fund
that has a rule 12b-1 plan. The estimated annual cost burden
associated with rule 12b 1 has decreased from $104,547 to $90,000
(a decrease of $14,457). The decrease in the cost burden reflects
the staff’s determination to revise the manner in which it
calculates certain cost estimates.
$0
No
No
No
No
No
No
No
Pamela Ellis 202
551-3506
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.