Proposed Collection; Comment Request, 75849-75850 [E5-7590]
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erjones on PROD1PC68 with NOTICES
Federal Register / Vol. 70, No. 244 / Wednesday, December 21, 2005 / Notices
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’’) is soliciting comments
on the collections of information
summarized below. The Commission
plans to submit these existing
collections of information to the Office
of Management and Budget for
extension and approval.
Form SE is used by registrants to file
paper copies of exhibits that would be
difficult or impossible to submit
electronically. The information
contained in Form SE is used by the
Commission to identify paper copies of
exhibits. Form SE is filed by
individuals, companies or other forprofit organizations that are required to
file electronically. Approximately 782
registrants file Form SE and it takes an
estimated .10 hours per response for a
total annual burden of 78 hours.
Form ID (OMB Control No. 3235–
0328; SEC File No. 270–291) is used by
companies to apply for identification
numbers and passwords used in
conjunction with the EDGAR electronic
filing system. The information provided
on Form ID is essential to the security
of the EDGAR system. Form ID must be
filed every time a registrant or other
person obtains or changes an
identification number. Form ID is filed
by individuals, companies or other forprofit organizations that are required to
file electronically. Approximately
196,800 registrants file Form ID and it
takes an estimated .15 hours per
response for a total annual burden of
29,520 hours.
Written comments are invited on: (a)
Whether these proposed collections of
information are 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. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication.
Please direct your written comments
to R. Corey Booth, Director/Chief
Information Officer, Office of
Information Technology, Securities and
Exchange Commission, 100 F Street,
NE., Washington, DC 20549.
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Dated: December 12, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. E5–7588 Filed 12–20–05; 8:45 am]
BILLING CODE 8010–01–P
75849
Please direct your written comments
to R. Corey Booth, Director/Chief
Information Officer, Office of
Information Technology, Securities and
Exchange Commission, 100 F Street,
NE., Washington, DC 20549.
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Dated: December 15, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. E5–7589 Filed 12–20–05; 8:45 am]
BILLING CODE 8010–01–P
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension:
Form TH; OMB Control No. 3235–0425;
SEC File No. 270–377.
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’’) is soliciting comments
on the collections of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Form TH is used by registrants to
notify the Commission that an
electronic filer is relying on the
temporary hardship exemption for the
filing of a document in paper format
that would otherwise be required to be
filed electronically as prescribed by
Rule 201(a) of Regulation S–T. Form TH
must be filed every time an electronic
filer experiences unanticipated
technical difficulties preventing the
timely preparation and submission of a
required electronic filing.
Approximately 70 registrants file Form
TH and it takes an estimated .33 hours
per response for a total annual burden
of 23 hours.
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. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication.
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SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension:
Regulation FD; OMB Control No. 3235–
0536; SEC File No. 270–475.
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’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management Budget for extension and
approval.
Regulation FD—Other Disclosure
Materials requires public disclosure of
material information from issuers of
publicly traded securities so that
investors have current information upon
which to base investment decisions. The
purpose of the regulation is to require
that: (1) When an issuer intentionally
discloses material information, it do so
through public disclosure, not selective
disclosure; and (2) whenever an issuer
learns that it has made a non-intentional
material selective disclosure, the issuer
make prompt public disclosure of that
information. Regulation FD was adopted
due to a concern that the practice of
selective disclosure leads to a loss of
investor confidence in the integrity of
our capital markets. We estimate that
approximately 13,000 issuers make
Regulation FD disclosures
approximately five times a year for a
total of 58,000 submissions annually,
not including an estimated 7,000 issuers
who file Form 8–K to comply with
under Regulation FD. We estimate that
it takes approximately 5 hours per
response (58,000 × 5 hours) for a total
burden of 290,000 hours annually. The
filer prepares 25% of the 290,000
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21DEN1
75850
Federal Register / Vol. 70, No. 244 / Wednesday, December 21, 2005 / Notices
annual burden hours for a total of
72,500 burden hours.
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 has 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.
Consideration will be given to
comments and suggestions submitted in
writing within 60 days of this
publication.
Please direct your written comments
to R. Corey Booth, Director/Chief
Information Officer, Office of
Information Technology, Securities and
Exchange Commission, 100 F Street,
NE., Washington, DC 20549.
Dated: December 12, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. E5–7590 Filed 12–20–05; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
from: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension:
Rule 12a–5; SEC File No. 270–85; OMB
Control No. 3235–0079.
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’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit the existing collection
of information to the Office of
Management and Budget for extension
and approval.
erjones on PROD1PC68 with NOTICES
Rule 12a–5—Temporary Exemption of
Substituted or Additional Securities
Section 12(a) of the Securities
Exchange Act of 1934 (the ‘‘Act’’)
generally makes it unlawful for any
security to be traded on a national
securities exchange unless such security
is registered on the exchange in
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15:25 Dec 20, 2005
Jkt 208001
accordance with the provisions of the
Act and the rules and regulations
thereunder.
Rule 12a–5 (the ‘‘Rule’’) under the Act
and Form 26 (the ‘‘Form’’) were adopted
by the Commission in 1936 and 1955,
respectively, pursuant to Sections
3(a)(12), 10(b), and 23(a) of the Act.
Subject to certain conditions, Rule 12a–
5 affords a temporary exemption
(generally for up to 120 days) from the
registration requirements of Section
12(a) of the Act for a new security when
the holders of a security admitted to
trading on a national securities
exchange obtain the right (by operation
of law or otherwise) to acquire all or any
part of a class of another or substitute
security of the same or another issuer,
or an additional amount of the original
security. The purpose of the exemption
is to avoid an interruption of exchange
trading to afford time for the issuer of
the new security to list and register it,
or for the exchange to apply for unlisted
trading privileges.
Under paragraph (d) of Rule 12a–5,
after an exchange has taken action to
admit any security to trading pursuant
to the provisions of the Rule, the
exchange is required to file with the
Commission a notification on Form 26.
Form 26 provides the Commission with
certain information regarding a security
admitted to trading on an exchange
pursuant to Rule 12a–5, including: (1)
The name of the exchange, (2) the name
of the issuer, (3) a description of the
security, (4) the date(s) on which the
security was or will be admitted to
when-issued and/or regular trading, and
(5) a brief description of the transaction
pursuant to which the security was or
will be issued.
The Commission generally oversees
the national securities exchanges. This
mission requires that, under Section
12(a) of the Act specifically, the
Commission receive notification of any
securities that are permitted to trade on
an exchange pursuant to the temporary
exemption under Rule 12a–5. Without
the Rule and the Form, the Commission
would be unable fully to implement
these statutory responsibilities.
There are currently eight national
securities exchanges subject to Rule
12a–5. While the Commission staff
estimates that there could be as many as
40 Forms 26 filed annually, the
reporting burdens are not typically
spread evenly among the exchanges.1
For purposes of this analysis of burden,
however, the staff has assumed that
each exchange files an equal number
(five) of Form 26 notifications. Each
notification requires approximately 20
minutes to complete. Each respondent’s
compliance burden, then, in a given
year would be approximately 100
minutes (20 minutes/report × 5 reports
= 100 minutes), which translates to just
over 13 hours in the aggregate for all
respondents (8 respondents × 100
minutes/respondent = 800 minutes, or
131⁄3 hours).
Based on the most recent available
information, the Commission staff
estimates that the cost to respondents of
completing a notification on Form 26 is,
on average, $14.35 per response. The
staff estimates that the total annual
related reporting cost per respondent is
$71.75 (5 responses/respondent ×
$14.35 cost/response), for a total annual
related cost to all respondents of $574
($71.75 cost/respondent × 8
respondents).
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 shall have practical utility;
(b) the accuracy of the Commission’s
estimate of the burden of the proposed
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information to be 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.
Consideration will be given to
comments and suggestions submitted in
writing within 60 days of this
publication.
Direct your written comments to R.
Corey Booth, Director/Chief Information
Officer, Office of Information
Technology, Securities and Exchange
Commission, Station Place, 100 F Street,
NE., Washington, DC 20549.
Dated: December 14, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. E5–7591 Filed 12–20–05; 8:45 am]
BILLING CODE 8010–01–P
1 In fact, some exchanges do not file any
notifications on Form 26 with the Commission in
a given year.
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]]>Agencies
[Federal Register Volume 70, Number 244 (Wednesday, December 21, 2005)]
[Notices]
[Pages 75849-75850]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-7590]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549.
Extension:
Regulation FD; OMB Control No. 3235-0536; SEC File No. 270-475.
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'') is soliciting comments on the collection of
information summarized below. The Commission plans to submit this
existing collection of information to the Office of Management Budget
for extension and approval.
Regulation FD--Other Disclosure Materials requires public
disclosure of material information from issuers of publicly traded
securities so that investors have current information upon which to
base investment decisions. The purpose of the regulation is to require
that: (1) When an issuer intentionally discloses material information,
it do so through public disclosure, not selective disclosure; and (2)
whenever an issuer learns that it has made a non-intentional material
selective disclosure, the issuer make prompt public disclosure of that
information. Regulation FD was adopted due to a concern that the
practice of selective disclosure leads to a loss of investor confidence
in the integrity of our capital markets. We estimate that approximately
13,000 issuers make Regulation FD disclosures approximately five times
a year for a total of 58,000 submissions annually, not including an
estimated 7,000 issuers who file Form 8-K to comply with under
Regulation FD. We estimate that it takes approximately 5 hours per
response (58,000 x 5 hours) for a total burden of 290,000 hours
annually. The filer prepares 25% of the 290,000
[[Page 75850]]
annual burden hours for a total of 72,500 burden hours.
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 has
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. Consideration will
be given to comments and suggestions submitted in writing within 60
days of this publication.
Please direct your written comments to R. Corey Booth, Director/
Chief Information Officer, Office of Information Technology, Securities
and Exchange Commission, 100 F Street, NE., Washington, DC 20549.
Dated: December 12, 2005.
Jonathan G. Katz,
Secretary.
[FR Doc. E5-7590 Filed 12-20-05; 8:45 am]
BILLING CODE 8010-01-P
