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View ICR - OIRA Conclusion

OMB Control No: 3235-0655	ICR Reference No: 200908-3235-010
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: SEC	Agency Tracking No: CF-270-598
Title: Schedule 14N
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Preapproved	Conclusion Date: 11/10/2009
	Date Received in OIRA: 09/03/2009
Terms of Clearance: Pre-approval contingent upon no substantive changes to this collection after adoption of the final rule. Otherwise this collection should be re-submitted to OMB for review.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2012	36 Months From Approved
Responses	327	0	0
Time Burden (Hours)	14,887	0	0
Cost Burden (Dollars)	1,984,890	0	0

ICR Summary of Burden

	Total Request	Change Due to Agency Discretion
Annual Number of Responses	327	327
Annual Time Burden (Hours)	14,887	14,887
Annual Cost Burden (Dollars)	1,984,890	1,984,890

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 proposals in Release No. 33-9046 would allow shareholders to more fully exercise their rights to nominate directors. The collection of information on new Schedule 14N is necessary to assist shareholders in making an informed voting decision with regard to any nominee(s) put forth by a nominating shareholder or group, by allowing shareholders to gauge the nominating shareholders interest in the company, longevity of ownership, and intent with regard to continued ownership in the company. The proposal will result in an increase of 14,887 burden hours and an increase in the cost burden of $1,984,890 for services of outside professionals. For a more detailed discussion, please refer to the supporting statement.

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