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 of 1995. 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). The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
10/31/2022
36 Months From Approved
10/31/2022
1,333
0
1,333
113,305
0
113,305
39,990,000
0
39,990,000
Rule 20a-1 under the Investment Company Act of 1940 requires that the solicitation of a proxy, consent, or authorization with respect to a security issued by a registered investment company be in compliance with Regulation 14A, Schedule 14A, and all other rules and regulations adopted pursuant to section 14(a) of the Securities Exchange Act of 1934.
The proposed amendments in Release 34-79164 would revise the consent required of a bona fide nominee, eliminate the short slate rule and establish new procedures for the solicitation of proxies, the preparation and use of proxy cards and the dissemination of information about all director nominees in contested elections to implement the use of a universal proxy card to allow shareholders to vote by proxy in a manner that more closely resembles how they can vote in person at a shareholder meeting. Additionally, the proposed amendments would specify certain required voting options and mandate disclosure about the effect of certain votes in an election to better enable soliciting parties to properly seek and authorize the appropriate voting option for shareholders. We anticipate that the proposed amendments would result in a small increase in the required disclosure and the related burdens and costs for the registrants to prepare and review the collections of information. For purposes of the PRA, we estimate that the proposed amendments to Rule 20a-1 would result in a net increase of 167 burden hours and a net increase in the cost burden of $22,200 for the services of outside professionals.
$22,200,000
No
No
No
No
No
No
No
Daniel Chang 2025516792 changd@sec.gov
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.
Supporting Statement UP.Final.11-18-2019.pdf
Rule 20a-1 Under the Investment Company Act of 1940, Solicitation of Proxies, Consents and Authorizations