Proposed Collection; Comment Request, 629 [E5-8284]

Download as PDF Federal Register / Vol. 71, No. 3 / Thursday, January 5, 2006 / Notices recommendations are based will have been sent by the Chief Actuary to the Committee before the meeting. The meeting will be open to the public. Persons wishing to submit written statements or make oral presentations should address their communications or notices to the RRB Actuarial Advisory Committee, c/o Chief Actuary, U.S. Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois 60611–2092. Dated: December 29, 2005. Beatrice Ezerski, Secretary to the Board. [FR Doc. 06–60 Filed 1–4–06; 8:45 am] BILLING CODE 7905–01–M 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. Regulation AC; SEC File No. 270–517; OMB Control No. 3235–0575. cchase on PROD1PC60 with 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 a request for approval of the previously approved collection of information discussed below. Regulation Analyst Certification (Regulation AC) Regulation Analyst Certification requires that any research report disseminated by broker, dealer, or person associated with a broker or dealer include certifications by the research analyst that the views expressed in the research report accurately reflect the analyst’s personal views, and whether the analyst received compensation in connection with his or her specific recommendations or views. A research analyst would also be required to provide certifications and disclosures in connection with public appearances. Although research analysts are often viewed by investors as experts and as important sources of information about the securities and companies they cover, many factors can create pressure on their independence and objectivity. By requiring these certifications and disclosures, Regulation AC should promote the integrity of research reports VerDate Aug<31>2005 17:06 Jan 04, 2006 Jkt 208001 and investor confidence in the recommendations contained in those reports. Commission estimates that Regulation AC would result in a total annual time burden of approximately 11,296 hours (10,950 hours to comply with research report requirements + 346 hours to comply with public appearance requirements). The collections of information under Regulation AC are necessary for covered persons to obtain certain benefits or to comply with certain requirements. The collections of information are necessary to provide investors with information with which to determine the value of the research available to them. The Commission may review this information during periodic examinations or with respect to investigations. Covered persons must also promptly provide copies of statements that the analyst is unable to provide the certifications in connection with public appearances to its examining authority, designated pursuant to Section 17(d) of the Exchange Act and Rule 17d–2 thereunder. Further, broker-dealers must keep and maintain these records pursuant to Rule 17a–4(b)(4). An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the agency displays a valid OMB 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. 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 28, 2005. Nancy M. Morris, Secretary. [FR Doc. E5–8284 Filed 1–4–06; 8:45 am] BILLING CODE 8010–01–P PO 00000 Frm 00050 Fmt 4703 Sfmt 4703 629 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–53036; File No. SR–FICC– 2005–18] Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing of Proposed Rule Change and Amendment No. 1 Thereto To Enhance the Repo Collateral Substitution Process of FICC’s Government Securities Division December 29, 2005. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 notice is hereby given that on September 30, 2005, the Fixed Income Clearing Corporation (‘‘FICC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) and on December 20, 2005, amended the proposed rule change described in Items I, II, and III below, which items have been prepared primarily by FICC. The Commission is publishing this notice to solicit comments on the proposed rule change from interested parties. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The purpose of this proposed rule change is to enhance the repo collateral substitution process of FICC’s Government Securities Division (‘‘GSD’’). II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, FICC included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. FICC has prepared summaries, set forth in sections (A), (B), and (C) below, of the most significant aspects of these statements.2 (A) Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Initial Substitution Notification Without Replacement Collateral Information The GSD’s repo collateral substitution process provides a mechanism for a repo dealer to process its right to substitute the original collateral it 1 15 U.S.C. 78s(b)(1). Commission has modified the text of the summaries prepared by FICC. 2 The E:\FR\FM\05JAN1.SGM 05JAN1

Agencies

[Federal Register Volume 71, Number 3 (Thursday, January 5, 2006)]
[Notices]
[Page 629]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-8284]


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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.

Regulation AC; SEC File No. 270-517; OMB Control No. 3235-0575.

    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 a 
request for approval of the previously approved collection of 
information discussed below.

Regulation Analyst Certification (Regulation AC)

    Regulation Analyst Certification requires that any research report 
disseminated by broker, dealer, or person associated with a broker or 
dealer include certifications by the research analyst that the views 
expressed in the research report accurately reflect the analyst's 
personal views, and whether the analyst received compensation in 
connection with his or her specific recommendations or views. A 
research analyst would also be required to provide certifications and 
disclosures in connection with public appearances. Although research 
analysts are often viewed by investors as experts and as important 
sources of information about the securities and companies they cover, 
many factors can create pressure on their independence and objectivity. 
By requiring these certifications and disclosures, Regulation AC should 
promote the integrity of research reports and investor confidence in 
the recommendations contained in those reports. Commission estimates 
that Regulation AC would result in a total annual time burden of 
approximately 11,296 hours (10,950 hours to comply with research report 
requirements + 346 hours to comply with public appearance 
requirements).
    The collections of information under Regulation AC are necessary 
for covered persons to obtain certain benefits or to comply with 
certain requirements. The collections of information are necessary to 
provide investors with information with which to determine the value of 
the research available to them. The Commission may review this 
information during periodic examinations or with respect to 
investigations. Covered persons must also promptly provide copies of 
statements that the analyst is unable to provide the certifications in 
connection with public appearances to its examining authority, 
designated pursuant to Section 17(d) of the Exchange Act and Rule 17d-2 
thereunder. Further, broker-dealers must keep and maintain these 
records pursuant to Rule 17a-4(b)(4).
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the agency displays a 
valid OMB 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. 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 28, 2005.
Nancy M. Morris,
Secretary.
[FR Doc. E5-8284 Filed 1-4-06; 8:45 am]
BILLING CODE 8010-01-P