Submission for OMB Review; Comment Request, 36666 [E5-3287]
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Federal Register / Vol. 70, No. 121 / Friday, June 24, 2005 / Notices
Commission, Office of Information and
Regulatory Affairs, Office of
Management and Budget, Room 10102,
New Executive Office Building,
Washington, DC, 20503 or by sending an
e-mail to: DavidlRostker@omb.eop.gov;
and (ii) R. Corey Booth, Director/Chief
Information Officer, 100 F Street, NE.,
Washington, DC 20549. Comments must
be submitted to OMB within 30 days of
this notice.
Dated: June 16, 2005.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E5–3286 Filed 6–23–05; 8:45 am]
BILLING CODE 8010–01–P
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:
Rule 15c2–11, SEC File No. 270–196, OMB
Control No. 3235–0202.
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
request for extension of the previously
approved collection of information
discussed below.
The Commission adopted Rule 15c2–
11 1 (Rule 15c2–11 or Rule) in 1971
under the Securities Exchange Act of
1934 2 (Exchange Act) to regulate the
initiation or resumption of quotations in
a quotation medium by a broker-dealer
for over-the-counter (OTC) securities.
The Rule was designed primarily to
prevent certain manipulative and
fraudulent trading schemes that had
arisen in connection with the
distribution and trading of unregistered
securities issued by shell companies or
other companies having outstanding but
infrequently traded securities. Subject to
certain exceptions, the Rule prohibits
brokers-dealers from publishing a
quotation for a security, or submitting a
quotation for publication, in a quotation
medium unless they have reviewed
specified information concerning the
security and the issuer.
According to NASDR estimates, we
also believe that approximately 1,200
1 17
2 15
CFR 240.15c2-11.
U.S.C. 78a et seq.
VerDate jul<14>2003
19:06 Jun 23, 2005
Jkt 205001
new applications from broker-dealers to
initiate or resume publication of
covered OTC securities in the OTC
Bulletin Board and/or the Pink Sheets or
other quotation mediums were received
by the NASDR for the 2004 calendar
year. We estimate that 80% of the
covered OTC securities were issued by
reporting issuers, while the other 20%
were issued by non-reporting issuers.
We believe that it will take a brokerdealer about 4 hours to collect, review,
record, retain, and supply to the NASDR
the information pertaining to a reporting
issuer, and about 8 hours to collect,
review, record, retain, and supply to the
NASDR the information pertaining to a
non-reporting issuer.
We therefore estimate that brokerdealers who are the first to publish the
first quote for a covered OTC security of
a reporting issuer will require 3,840
hours (1,200 × 80% × 4) to collect,
review, record, retain, and supply to the
NASDR the information required by the
Rule. We estimate that the brokerdealers who are the first to publish the
first quote for a covered OTC security of
a non-reporting issuer will require 1,920
hours (1,200 × 20% × 8) to collect,
review, record, retain, and supply to the
NASDR the information required by the
Rule. We therefore estimate the total
annual burden hours for the first brokerdealers to be 5,760 hours (3,840 +
1,920). The Commission estimates that
the annual cost to comply with Rule
15c2–11 is $115,200 ($20 per hour times
5,760 hours).
Subject to certain exceptions, the Rule
prohibits brokers-dealers from
publishing a quotation for a security, or
submitting a quotation for publication,
in a quotation medium unless they have
reviewed specified information
concerning the security and the issuer.
The broker-dealer just also make the
information reasonably available upon
request to any person expressing an
interest in a proposed transaction in the
security with such broker or dealer. The
collection of information that is
submitted to the NASDR for review and
approval is currently not available to the
public from the NASDR.
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.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
PO 00000
Frm 00110
Fmt 4703
Sfmt 4703
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology.
Written 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,
New Executive Office Building,
Washington, DC 20503, or by sending an
e-mail to DavidlRostker@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.
Dated: June 16, 2005.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E5–3287 Filed 6–23–05; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–26910; File No. 812–13127]
GE Life and Annuity Assurance
Company, et al., Notice of Application
June 17, 2005.
The Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of application for an
Order pursuant to Section 26(c) of the
Investment Company Act of 1940
(‘‘1940 Act’’).
AGENCY:
Applicants: GE Life and Annuity
Assurance Company and GE Capital Life
Assurance Company of New York
(collectively, the ‘‘Companies’’), and GE
Capital Life Separate Account II and GE
Life & Annuity Separate Account II and
GE Life & Annuity Separate Account 4
(collectively, the ‘‘Separate Accounts’’)
(the Companies and the Separate
Accounts collectively referred to as the
‘‘Applicants’’).
Summary of the Application:
Applicants request an Order pursuant to
Section 26(c) of the 1940 Act to permit
the substitution of shares of the GE
Investments Funds, Inc.—Global Income
Fund (‘‘GE Global Fund’’), currently
held in the Separate Accounts, for
shares of the Franklin Templeton
Variable Insurance Products Trust—
Templeton Global Income Securities
Fund—Class 1 (‘‘FT Global Fund’’).
E:\FR\FM\24JNN1.SGM
24JNN1
]]>Agencies
[Federal Register Volume 70, Number 121 (Friday, June 24, 2005)]
[Notices]
[Page 36666]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-3287]
-----------------------------------------------------------------------
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:
Rule 15c2-11, SEC File No. 270-196, OMB Control No. 3235-0202.
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
request for extension of the previously approved collection of
information discussed below.
The Commission adopted Rule 15c2-11 \1\ (Rule 15c2-11 or Rule) in
1971 under the Securities Exchange Act of 1934 \2\ (Exchange Act) to
regulate the initiation or resumption of quotations in a quotation
medium by a broker-dealer for over-the-counter (OTC) securities. The
Rule was designed primarily to prevent certain manipulative and
fraudulent trading schemes that had arisen in connection with the
distribution and trading of unregistered securities issued by shell
companies or other companies having outstanding but infrequently traded
securities. Subject to certain exceptions, the Rule prohibits brokers-
dealers from publishing a quotation for a security, or submitting a
quotation for publication, in a quotation medium unless they have
reviewed specified information concerning the security and the issuer.
---------------------------------------------------------------------------
\1\ 17 CFR 240.15c2-11.
\2\ 15 U.S.C. 78a et seq.
---------------------------------------------------------------------------
According to NASDR estimates, we also believe that approximately
1,200 new applications from broker-dealers to initiate or resume
publication of covered OTC securities in the OTC Bulletin Board and/or
the Pink Sheets or other quotation mediums were received by the NASDR
for the 2004 calendar year. We estimate that 80% of the covered OTC
securities were issued by reporting issuers, while the other 20% were
issued by non-reporting issuers. We believe that it will take a broker-
dealer about 4 hours to collect, review, record, retain, and supply to
the NASDR the information pertaining to a reporting issuer, and about 8
hours to collect, review, record, retain, and supply to the NASDR the
information pertaining to a non-reporting issuer.
We therefore estimate that broker-dealers who are the first to
publish the first quote for a covered OTC security of a reporting
issuer will require 3,840 hours (1,200 x 80% x 4) to collect, review,
record, retain, and supply to the NASDR the information required by the
Rule. We estimate that the broker-dealers who are the first to publish
the first quote for a covered OTC security of a non-reporting issuer
will require 1,920 hours (1,200 x 20% x 8) to collect, review, record,
retain, and supply to the NASDR the information required by the Rule.
We therefore estimate the total annual burden hours for the first
broker-dealers to be 5,760 hours (3,840 + 1,920). The Commission
estimates that the annual cost to comply with Rule 15c2-11 is $115,200
($20 per hour times 5,760 hours).
Subject to certain exceptions, the Rule prohibits brokers-dealers
from publishing a quotation for a security, or submitting a quotation
for publication, in a quotation medium unless they have reviewed
specified information concerning the security and the issuer. The
broker-dealer just also make the information reasonably available upon
request to any person expressing an interest in a proposed transaction
in the security with such broker or dealer. The collection of
information that is submitted to the NASDR for review and approval is
currently not available to the public from the NASDR.
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.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information will
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the collection of information; (c) ways to enhance the
quality, utility, and clarity of the information collected; and (d)
ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology.
Written 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, New Executive Office
Building, Washington, DC 20503, or by sending an 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.
Dated: June 16, 2005.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E5-3287 Filed 6-23-05; 8:45 am]
BILLING CODE 8010-01-P
