[Federal Register Volume 63, Number 217 (Tuesday, November 10, 1998)]
[Rules and Regulations]
[Pages 62936-62937]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-30011]


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SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 274

[Release Nos. 33-7608; IC-23522; File No. S7-19-97]
RIN 3235-AG73


Update of Registration Form To Reflect Fee Rate Change for 
Registration of Certain Investment Company Securities

AGENCY: Securities and Exchange Commission.

ACTION: Amendments to form.

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SUMMARY: The Securities and Exchange Commission (``Commission'') is 
updating the fee rate information in the instructions to the form under 
the Investment Company Act of 1940 that prescribes the method by which 
certain investment companies calculate and pay registration fees on 
securities they issue (the form was last published in its entirety at 
62 FR 47941 (Sept. 12, 1997), and was last amended at 62 FR 64687 (Dec. 
9, 1997)). On October 21,1998, legislation was enacted that sets a new 
fee rate of $278 per $1,000,000 offered or sold (prorated for amounts 
less than $1,000,000). Registration fees under this new rate are 
calculated by multiplying the aggregate offering or sales amount by 
.000278. This amendment updates the reference to the current fee rate 
in the instructions to the form.

EFFECTIVE DATE: November 10, 1998.

FOR FURTHER INFORMATION CONTACT: Robin Gross Lehv, Staff Attorney, 
Office of Regulatory Policy at (202) 942-0690, or Carolyn A. Miller, 
Senior Financial Analyst, Office of Financial Analysis at (202) 942-
0513, Division of Investment Management, Securities and Exchange 
Commission, 450 5th Street, N.W., Mail Stop 5-6, Washington, D.C. 
20549.

SUPPLEMENTARY INFORMATION: The Commission today is amending Instruction 
C.9 to Form 24F-2 [17 CFR 274.24] under the Investment Company Act of 
1940 [15 U.S.C. 80a] (the ``Investment Company Act'').
    Form 24F-2 is the Form on which certain investment companies file 
an annual notice of securities sold pursuant to rule 24f-2 under the 
Investment Company Act [17 CFR 270.24f-2]. The Instruction to Item 
5(vii) explains that the multiplier for calculation of the registration 
fee is determined by the Commission in accordance with section 6(b) of 
the Securities Act of 1933 [15 U.S.C. 77f(b)]. The Instruction informs 
filers of the multiplier that was in effect as of the date of the most 
recent printing of the

[[Page 62937]]

Form, but indicates that this rate is subject to change from time to 
time, without notice, by act of Congress through appropriations for the 
Commission or other laws.
    On October 21, 1998, legislation was enacted that sets the fee rate 
at $278 per $1,000,000 offered or sold (prorated for amounts less than 
$1,000,000). Fees will be calculated by multiplying the aggregate 
offering or sales amount by .000278.
    The Commission is amending the Instruction to Item 5(vii) of Form 
24F-2 to reflect the change in the fee rate.

Statutory Authority

    The Commission is amending Form 24F-2 pursuant to the authority set 
forth in sections 24 and 38(a) of the Investment Company Act [15 U.S.C. 
80a-24, -37(a)].

Text of Form Amendments

    For the reasons set out in the preamble, Form 24F-2, referenced in 
Sec. 274.24, Title 17, Chapter II of the Code of Federal Regulations, 
is amended as follows:

PART 274--FORMS PRESCRIBED UNDER THE INVESTMENT COMPANY ACT OF 1940

    1. The authority citation for Part 274 continues to read as 
follows:

    Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 77s, 78c(b), 78l, 78m, 
78n, 78o(d), 80a-8, 80a-24, and 80a-29, unless otherwise noted.

    2. Form 24F-2 (referenced in Sec. 274.24) is amended by revising 
the second and third sentences of Instruction C.9 to Item 5(vii) to 
read as follows:

    Note: Form 24F-2 does not, and the amendments will not, appear 
in the Code of Federal Regulations.
Form 24F-2
Annual Notice of Securities Sold Pursuant to Rule 24f-2
* * * * *
Instructions
* * * * *
C. Computation of Registration Fee
* * * * * *
    9. Item 5(vii)-* * * As of October 22, 1998, the fee rate was $278 
per $1,000,000 offered or sold (prorated for amounts less than 
$1,000,000). The registration fee is calculated by multiplying the 
aggregate offering or sales amount by .000278. * * *
* * * * *
    For the Commission, by the Office of the Secretary, pursuant to 
delegated authority.

    Dated: November 4, 1998.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-30011 Filed 11-9-98; 8:45 am]
BILLING CODE 8010-01-U