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View ICR - OIRA Conclusion

OMB Control No: 3235-0655	ICR Reference No: 201009-3235-022
Status: Historical Active	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: Approved with change	Conclusion Date: 12/21/2010
	Date Received in OIRA: 09/28/2010
Terms of Clearance: Updated supporting statement.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2013	36 Months From Approved
Responses	162	0	0
Time Burden (Hours)	7,870	0	0
Cost Burden (Dollars)	1,049,300	0	0

ICR Summary of Burden

	Total Approved	Change Due to Agency Discretion
Annual Number of Responses	162	162
Annual Time Burden (Hours)	7,870	7,870
Annual Cost Burden (Dollars)	1,049,300	1,049,300

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 rules adopted in Release No. 33-9136 will 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 rules will result in an increase of 7,870 burden hours and an increase in the cost burden of $1,049,300 for services of outside professionals.

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