Form N-PX under the Investment Company Act of 1940, Annual Report of Proxy Voting Record

Forms and Documents

Document Name	Status
Form 2451 Form N-PX under the Investment Company Act of 1940, Annual Report of Proxy Voting Record Form and Instruction	Modified
Form N-PX (Supporting Statement).pdf Supporting Statement A	2021-10-28

IC Document Collections

IC ID	Document Title	Status
35437	Form N-PX under the Investment Company Act of 1940, Annual Report of Proxy Voting Record Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0582	ICR Reference No: 202110-3235-020
Status: Received in OIRA	Previous ICR Reference No: 202011-3235-006
Agency/Subagency: SEC	Agency Tracking No: IM-270-524
Title: Form N-PX under the Investment Company Act of 1940, Annual Report of Proxy Voting Record
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 11/02/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	07/31/2024
Responses	19,363	11,890
Time Burden (Hours)	300,981	47,984
Cost Burden (Dollars)	18,613,400	17,657,958

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Abstract: Registered management investment companies use Form N-PX to file annual reports with the Commission containing their complete proxy voting record for the most recent twelve-month period ended June 30. Under the proposal, institutional investment managers also would use Form N-PX to file annual reports with the Commission containing their executive compensation proxy voting record.

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Authorizing Statute(s): US Code: 15 USC 78n-1 Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 80a-29 Name of Law: Investment Company Act of 1940
  

Citations for New Statutory Requirements: US Code: 15 USC 78m Name of Law: Securities Exchange Act of 1934

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AK67	Proposed rulemaking	86 FR 57478	10/15/2021

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form N-PX under the Investment Company Act of 1940, Annual Report of Proxy Voting Record	2451	Form N-PX

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	19,363	11,890	7,744	0	-271	0
Annual Time Burden (Hours)	300,981	47,984	116,160	132,051	4,786	0
Annual Cost Burden (Dollars)	18,613,400	17,657,958	7,744,000	3,668,700	-10,457,258	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Commission estimates that, if adopted, the hour burden associated with Form N-PX would increase from 47,984 hours to 300,981 hours (an increase of 252,997) hours. The changes in burden hours and cost estimates are due primarily to the Commission’s estimates of the increased time burden that would result from the proposed amendments to Form N-PX, the new website disclosure requirements, and the new requirement that institutional investment managers file reports on Form N-PX. The Commission also estimates an increase in the external costs of Form N-PX from $17,657,958 to $18,613,400 (an increase of $955,442).

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 11/02/2021

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