Proposed Collection; Comment Request, 7080 [E6-1833]

Download as PDF 7080 Federal Register / Vol. 71, No. 28 / Friday, February 10, 2006 / Notices rmajette on PROD1PC67 with NOTICES1 Rule 15g–6, SEC File No. 270–349, OMB Control No. 3235–0395 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 and Budget for extension and approval. • (Rule 15g–6—Account statements for penny stock customers. Rule 15g–6 under the Securities Exchange Act of 1934 requires brokers and dealers that sell penny stocks to their customers to provide monthly account statements containing information with regard to the penny stocks held in customer accounts. The information is required to be provided to customers of broker-dealers that effect penny stock transactions in order to provide those customers with information that is not now publicly available. Without this information, investors would be less able to protect themselves from fraud and to make informed investment decisions. The staff estimates that there are approximately 240 broker-dealers that are subject to the rule. The staff estimates that the firms affected by the rule will, at any one time, have approximately 150 new customers with whom they have effected transactions in penny stocks, each of whom would receive a maximum of 12 account statements per year, for a total of 1,800 account statements annually for each firm (150 customers × 12 account statements/customer). The staff estimates that a broker-dealer would expend approximately three minutes in processing the information required for each account statement. Accordingly, the estimated average annual burden would equal 90 hours (1,800 account statements × 3 minutes/account statement ÷ 1 hour/60 minutes), and the estimated average total burden would equal 21,600 hours (90 hours × 240). 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 agency’s estimates 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 VerDate Aug<31>2005 15:10 Feb 09, 2006 Jkt 208001 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: February 1, 2006. Jill M. Peterson, Assistant Secretary. [FR Doc. E6–1831 Filed 2–9–06; 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: Form N–SAR; SEC File No. 270–292; OMB Control No. 3235–0330. Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) (‘‘PRA’’), the Securities and Exchange Commission (the ‘‘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 (‘‘OMB’’) for extension and approval. • Form N–SAR—Semi-Annual Report for Registered Investment Companies Form N–SAR is the form used by all registered investment companies with the exception of face amount certificate companies, to comply with the periodic filing and disclosure requirements imposed by Section 30 of the Investment Company Act of 1940 [15 U.S.C. 80a–1 et seq.], and of rules 30a1– 1 and 30b1–1 under the Act. The information required to be filed with the Commission assures the public availability of the information and permits verification of compliance with Investment Company Act requirements. Registered unit investment trusts are required to provide this information on an annual report filed with the Commission on Form N–SAR (OMB Control No. 3235–0330) pursuant to rule 30a1–1 under the Investment Company Act [17 CFR 30a1–1], and registered management investment companies PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 must submit the required information on a semi-annual report on Form N– SAR pursuant to rule 30b1–1 under the Act [17 CFR 270.30b1–1].1 The Commission estimates that the total number of respondents is 4,130 and the total annual number of responses is 7,430 ((3,300 respondents X 2 responses per year) + (830 respondents X 1 response per year)). The Commission estimates that each registrant filing a report on Form N-SAR would spend, on average, 14.43 hours in preparing and filing the Form and that the total hour burden for all Form NSAR filings would be 107,203 hours. Estimates of the burden hours are made solely for the purposes of the PRA, and are not derived from a comprehensive or even a representative survey or study of the costs of Commission rules and forms. 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. February 2, 2006. Nancy M. Morris, Secretary. [FR Doc. E6–1833 Filed 2–9–06; 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. 1 Face amount certificate companies are required to file periodic reports pursuant to Section 13 or 15(d) of the Exchange Act [15 U.S.C. 78m, 78o(d)]. E:\FR\FM\10FEN1.SGM 10FEN1

Agencies

[Federal Register Volume 71, Number 28 (Friday, February 10, 2006)]
[Notices]
[Page 7080]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-1833]


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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:
    Form N-SAR; SEC File No. 270-292; OMB Control No. 3235-0330.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and Exchange 
Commission (the ``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 (``OMB'') for extension and approval.
     Form N-SAR--Semi-Annual Report for Registered Investment 
Companies
    Form N-SAR is the form used by all registered investment companies 
with the exception of face amount certificate companies, to comply with 
the periodic filing and disclosure requirements imposed by Section 30 
of the Investment Company Act of 1940 [15 U.S.C. 80a-1 et seq.], and of 
rules 30a1-1 and 30b1-1 under the Act. The information required to be 
filed with the Commission assures the public availability of the 
information and permits verification of compliance with Investment 
Company Act requirements. Registered unit investment trusts are 
required to provide this information on an annual report filed with the 
Commission on Form N-SAR (OMB Control No. 3235-0330) pursuant to rule 
30a1-1 under the Investment Company Act [17 CFR 30a1-1], and registered 
management investment companies must submit the required information on 
a semi-annual report on Form N-SAR pursuant to rule 30b1-1 under the 
Act [17 CFR 270.30b1-1].\1\
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    \1\ Face amount certificate companies are required to file 
periodic reports pursuant to Section 13 or 15(d) of the Exchange Act 
[15 U.S.C. 78m, 78o(d)].
---------------------------------------------------------------------------

    The Commission estimates that the total number of respondents is 
4,130 and the total annual number of responses is 7,430 ((3,300 
respondents X 2 responses per year) + (830 respondents X 1 response per 
year)). The Commission estimates that each registrant filing a report 
on Form N-SAR would spend, on average, 14.43 hours in preparing and 
filing the Form and that the total hour burden for all Form N-SAR 
filings would be 107,203 hours. Estimates of the burden hours are made 
solely for the purposes of the PRA, and are not derived from a 
comprehensive or even a representative survey or study of the costs of 
Commission rules and forms.
    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.

    February 2, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-1833 Filed 2-9-06; 8:45 am]
BILLING CODE 8010-01-P
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