OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine public comment in response to the NPRM and will describe in the preamble of the final rule how the agency has maximized the practical utility of the collection and minimized the burden. The next submission to OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
03/31/2013
36 Months From Approved
03/31/2013
1,225
0
1,225
142,958
0
142,958
20,090,000
0
20,090,000
Rule 20a-1 requires that the solicitation of a proxy, consent or authorization with respect to a security issued by an investment company registered under the Investment Company Act of 1940 be in compliance with the Commission's proxy rules (e.g., Regulation 14A and Schedule 14A) to enable security holders to make informed voting decisions. Also, rule 20a-1 instructs registered investment companies, that have made a public offering of securities and that hold security holder votes for which proxies, consents, or authorizations are not being solicited, to refer to the Commission's rules governing information statements (e.g. Regulation 14C and Schedule 14C).
The proposals in Release No. 33-9073 would allow an issuer or other soliciting person to include explanatory materials with the Notice. The increase in the burden associated with Rule 20a-1 for investment companies reflects burden estimates for complying with the existing notice and access rules as well as estimates for the increase necessary in order to permit a soliciting person to include materials to improve the notice and access model for furnishing proxy materials to shareholders. We estimate the revised burden estimates along with the proposal will result in an increase of 15,312 burden hours and an increase in the cost burden of $796,250 for services of outside professionals. For a more detailed discussion, please refer to the supporting statement.
$50,000
No
No
No
Uncollected
No
Uncollected
Sanjay Lamba 202 551-6771
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.
Rule 20a-1 under ICA.doc
Rule 20a-1 under the Investment Company Act of 1940, Solicitation of Proxies, Consents and Authorizations