17 C.F.R. § 270.26a-1

Current through September 30, 2024

Section 270.26a-1 - Payment of administrative fees to the depositor or principal underwriter of a unit investment trust; exemptive relief for separate accounts

For purposes of section 26(a)(2)(C) of the Act, payment of a fee to the depositor of or a principal underwriter for a registered unit investment trust, or to any affiliated person or agent of such depositor or underwriter (collectively, "depositor"), for bookkeeping or other administrative services provided to the trust shall be allowed the custodian or trustee ("trustee") as an expense, provided that such fee is an amount not greater than the expenses, without profit:

(a) Actually paid by such depositor directly attributable to the services provided; and

(b) Increased by the services provided directly by such depositor, as determined in accordance with generally accepted accounting principles consistently applied.

17 C.F.R. §270.26a-1

85 FR 26110, May 1, 2020

85 FR 26110, 7/1/2020