

[Federal Register: February 9, 2006 (Volume 71, Number 27)]
[Notices]               
[Page 6797-6798]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09fe06-86]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; Comment Request

Upon Written request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549.

Extension:
    Form N-PX; SEC File No. 270-524; OMB Control No. 3235-0582.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) the Securities and Exchange Commission 
(``Commission'') has submitted to the Office of Management and Budget 
(``OMB'') a request for extension of the previously approved collection 
of information discussed below.
    The title of the collection of information is ``Form N-PX under the 
Investment Company Act of 1940, Annual Report of Proxy Voting Record.'' 
Rule 30b1-4 under the Investment Company Act of 1940 (``Investment 
Company Act'') requires every registered management investment company, 
other than a small business investment company (``Fund''), to file Form 
N-PX not later than August 31 of each year. Funds 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. 
Funds also use Form N-PX to inform the Commission that certain of their 
portfolios do not hold any equity securities and have no proxy record 
to file.
    The Commission requires the dissemination of this information in 
order to meet the filing and disclosure requirements of the Investment 
Company Act and to enable Funds to provide investors with the 
information necessary to evaluate an investment in the Fund. The 
information filed with the Commission also permits the verification of 
compliance with securities law requirements and assures the public 
availability and dissemination of the information. Requiring a Fund to 
file its annual reports on Form N-PX has the advantages of making each 
Fund's proxy voting record available within a relatively short period 
of time after the proxy voting season, and of providing disclosure of 
all Funds' proxy voting records over a uniform period of time.
    There are approximately 3,700 Funds registered with the Commission, 
representing 7,900 Fund portfolios, which are required to file one Form 
N-PX each year. Those 7,900 portfolios are comprised of 5,000 
portfolios holding equity securities and 2,900 portfolios holding no 
equity securities. The staff estimates that filing a response that 
states that the portfolio does not hold equity securities will require 
a 10 minute burden per response. The burden for portfolios holding 
equity securities is estimated to be 14.4 hours per response. The total 
annual reporting and recordkeeping burden is estimated to be 
approximately 72,483 hours ((5,000 responses x 14.4 hours per response 
for equity-holding portfolios) + (2,900 x 10 minutes per response for 
portfolio holding no equity securities)).
    Form N-PX does not involve any recordkeeping requirements. 
Providing the information required by the rule is mandatory and 
information provided under the rule will not be kept confidential.
    An agency may not conduct or sponsor, and a person is not required 
to respond to a collection of information unless it displays a 
currently valid control number.
    General comments regarding the above information should be directed 
to the following persons: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102,

[[Page 6798]]

New Executive Office Building, Washington, DC 20503 or e-mail to: 
David_Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief 

Information Officer, Office of Information Technology, Securities and 
Exchange Commission, 100 F Street, NE., Washington, DC 20549. Comments 
must be submitted to OMB within 30 days of this notice.

    January 31, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-1782 Filed 2-8-06; 8:45 am]

BILLING CODE 8010-01-P
