A bill to permit a registered investment company to omit certain fees from the calculation of acquired fund fees and expenses, and for other purposes.

Bill 118 s 4890, also known as the "Registered Investment Company Fee Calculation Act," is a piece of legislation that aims to allow registered investment companies to exclude certain fees from the calculation of acquired fund fees and expenses. This bill is designed to provide more flexibility for investment companies in how they calculate and report fees associated with acquiring other funds.

The main purpose of this bill is to streamline the fee calculation process for registered investment companies, making it easier for them to accurately report their expenses and fees to investors. By allowing certain fees to be omitted from the calculation of acquired fund fees and expenses, investment companies can provide a more transparent and accurate picture of their overall costs.

In addition to permitting the exclusion of certain fees, the bill also includes provisions for other purposes related to fee calculation and reporting. These additional purposes are not specified in the summary, but may include further guidelines or regulations for investment companies to follow when calculating and reporting fees. Overall, Bill 118 s 4890 aims to improve transparency and accuracy in the reporting of fees by registered investment companies. By allowing for the omission of certain fees from the calculation of acquired fund fees and expenses, this legislation seeks to provide a clearer understanding of the costs associated with investing in these companies.