Rule 20a-1 under the
Investment Company Act of 1940, Solicitation of Proxies, Consents
and Authorizations
Revision of a currently approved collection
No
Regular
02/09/2022
Requested
Previously Approved
36 Months From Approved
10/31/2022
1,333
1,333
113,472
113,305
40,012,200
39,990,000
Rule 20a-1 requires that the
solicitation of a proxy, consent, or authorization with respect to
a security issued by a fund be impliance with Regulation 14A (17
CFR 240.14a-1 et seq.), Schedule 14A (17 CFR 240.14a-101), and all
other rules and regulations adopted pursuant to section 14(a) of
the Securities Exchange Act of 1934 (“1934 Act”) (15 U.S.C.
78n(a)).
US Code:
15 USC 80a-20(a) Name of Law: Investment Company Act of
1940
The Securities and Exchange
Commission adopted amendments in Release No. 34-93596 to the proxy
rules relating to all director elections to: specify that the proxy
card must include an “against” voting option when applicable state
law gives effect to a vote “against”; require proxy cards to give
shareholders the ability to “abstain” in an election where a
majority voting standard is in effect; and mandate disclosure about
the effect of a “withhold” vote in an election. These amendments
will apply to all director elections, including director elections
for registered investment companies and business development
companies. The disclosure and changes to the proxy cards will
require registrants to clarify existing standards, and many of the
descriptions and standards, once revised, are not likely to require
significant revision from year to year. We anticipate that the
amendments to rule 20a-1 will result in a small increase in the
required disclosure and related burdens and costs for registrants
to prepare and review the collections of information. For purposes
of the Paperwork Reduction Act of 1995, we estimate that the
amendments to rule 20a-1 under the Investment Company Act of 1940
will result in a net increase of 166.5 burden hours for internal
time and a net increase in the cost burden of $22,200 for the
services of outside professionals.
No
No
No
No
No
No
No
Pamela Ellis 202
551-3506
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 for rule 20a-1.pdf
Rule 20a-1 Under the Investment Company Act of 1940, Solicitation of Proxies, Consents and Authorizations