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View ICR - OIRA Conclusion

OMB Control No: 3235-0158	ICR Reference No: 200912-3235-010
Status: Historical Inactive	Previous ICR Reference No: 200903-3235-011
Agency/Subagency: SEC	Agency Tracking No: IM-270-132
Title: Rule 20a-1 under the Investment Company Act of 1940, Solicitation of Proxies, Consents and Authorizations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Preapproved	Conclusion Date: 01/29/2010
	Date Received in OIRA: 12/10/2009
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	01/31/2013	36 Months From Approved	08/31/2012
Responses	1,225	0	1,225
Time Burden (Hours)	139,283	0	130,095
Cost Burden (Dollars)	19,600,000	0	18,375,000

ICR Summary of Burden

	Total Request	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	1,225	1,225	0
Annual Time Burden (Hours)	139,283	130,095	9,188
Annual Cost Burden (Dollars)	19,600,000	18,375,000	1,225,000

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 amendments proposed in Release No. 33-9052 would require additional disclosure regarding compensation policies and corporate governance, and facilitate shareholder communications relating to voting and investment decisions. The increase in the burden associated with Rule 20a-1 is necessary in order to enhance the transparency of director and nominee qualifications, board leadership structure, and the boards oversight of risk. The proposal will result in an increase of 9,188 burden hours and an increase in the cost burden of $1,225,000 for services of outside professionals. For a more detailed discussion, please refer to the supporting statement.

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