Federal Register #OMB Control No. 3235-0216

SEC Requests Public Comment on Extension of Rule 19a-1 Information Collection

The Securities and Exchange Commission (SEC) is seeking public comment on the extension of its information collection requirements under Rule 19a-1. - Government Buyer: - Securities and Exchange Commission (SEC) - Purpose: - Request for feedback on the continued collection of information required by Rule 19a-1 - Rule 19a-1 Details: - Requires management companies to provide written statements to shareholders - Statements must disclose the sources of dividend payments, distinguishing between net income, capital gains, and paid-in capital - Estimated Annual Burden: - Includes the number of affected management company portfolios - Outlines associated labor costs for compliance - Notable Requirements: - No procurement of products or services - No vendors or OEMs involved - Focus is on regulatory information collection and improving the process

Description

The Securities and Exchange Commission (SEC) has published a notice regarding the extension of the approval for collection of information under Rule 19a-1. The notice invites public comments on the proposed extension. Rule 19a-1 requires management companies to provide written statements to shareholders disclosing the sources of dividend payments. The purpose is to ensure shareholders are adequately informed and to prevent confusion between income dividends and capital distributions.

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