Submission for OMB Review; Comment Request, 8006-8007 [E6-2102]

Download as PDF 8006 Federal Register / Vol. 71, No. 31 / Wednesday, February 15, 2006 / Notices Corey Booth, Director/Chief Information Officer, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549. Comments must be submitted to the Office of Management and Budget within 30 days of this notice. Dated: February 7, 2006. J. Lynn Taylor, Assistant Secretary. [FR Doc. E6–2100 Filed 2–14–06; 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. cprice-sewell on PROD1PC66 with NOTICES Extension: Rule 15Aj–1; SEC File No. 270–25; OMB Control No. 3235–0044. 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 requests for extension of the previously approved collections of information discussed below. Rule 15Aj–1 implements the requirements of Sections 15A, 17, and 19 of the Securities Exchange Act of 1934 by requiring every association registered as, or applying for registration as, a national securities association or as an affiliated securities association to keep its registration statement up-todate by making periodic filings with the Commission on Form X–15AJ–1 and Form X–15AJ–2. Rule 15Aj–1 requires a securities association to promptly notify the Commission after the discovery of any inaccuracy in its registration statement or in any amendment or supplement thereto by filing an amendment to its registration statement on Form X–15AJ– 1 correcting such inaccuracy. The Rule also requires an association to promptly notify the Commission of any change which renders no longer accurate any information contained or incorporated in its registration statement or in any amendment or supplement thereto by filing a current supplement on Form X– 15AJ–1. Rule 15A–1 further requires an association to file each year with the Commission an annual consolidated supplement on Form X–15AJ–2. VerDate Aug<31>2005 16:26 Feb 14, 2006 Jkt 208001 The information required by Rule 15Aj–1 and Forms X–15AJ–1 and X– 15AJ–2 is intended to enable the Commission to carry out its statutorily mandated oversight functions and to assure that registered securities associations are in compliance with the Act. This information is also made available to members of the public. Without the requirements imposed by the Rule, the Commission would be unable to fulfill its regulatory responsibilities. There is presently only one registered securities association, which registered in 1939, subject to the Rule. The burdens associated with Rule 15Aj–1 requirements have been borne by only one securities association since Rule 15Aj–1 was adopted. Furthermore, the burdens associated with Rule 15Aj–1 vary depending on whether amendments and current supplements are filed on Form X–15AJ–1 in addition to an annual consolidated supplement filed on Form X–15AJ–2. The Commission staff estimates the burden hours necessary to comply with the Rule by filing an amendment or a current supplement on Form X–15AJ–1 to be approximately one-half hour, with a related cost of $11, per response. The Commission staff estimates the burden hours necessary to comply with the Rule by filing an annual consolidated supplement on Form X–15AJ–2 to be approximately three hours, with a related cost of $90. Therefore, the Commission staff estimates that the total annual related reporting cost associated with the Rule to be upwards of $90, assuming a minimum filing of an annual consolidated statement on Form X– 15AJ–2, with additional filings on Form X–15AJ–1 correspondingly increasing such reporting cost. Compliance with Rule 15Aj–1 is mandatory. Information received in response to Rule 15Aj–1 shall not be kept confidential; the information collected is public information. 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 regarding the above information should be directed to (i) the 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, Securities and Exchange Commission, 100 F Street, NE., PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 Washington, DC 20549. Comments must be submitted to the Office of Management and Budget within 30 days of this notice. Dated: February 7, 2006. J. Lynn Taylor, Assistant Secretary. [FR Doc. E6–2101 Filed 2–14–06; 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 31a–1; SEC File No. 270–173; OMB Control No. 3235–0178. Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 [44 U.S.C. 3501–3520], 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. Rule 31a–1 [17 CFR 270.31a–1] under the Investment Company Act of 1940 (the ‘‘Act’’) is entitled ‘‘Records to be maintained by registered investment companies, certain majority-owned subsidiaries thereof, and other persons having transactions with registered investment companies.’’ Rule 31a–1 requires registered investment companies (‘‘funds’’), and every underwriter, broker, dealer, or investment adviser that is a majorityowned subsidiary of a fund, to maintain and keep current accounts, books, and other documents which constitute the record forming the basis for financial statements required to be filed pursuant to section 31 of the Act [15 U.S.C. 80a– 30] and of the auditor’s certificates relating thereto. The rule lists specific records to be maintained by funds. The rule also requires certain underwriters, brokers, dealers, depositors, and investment advisers to maintain the records that they are required to maintain under federal securities laws. The Commission periodically inspects the operations of funds to insure their compliance with the provisions of the Act and the rules thereunder. The books and records required to be maintained by rule 31a–1 constitute a major focus of the Commission’s inspection program. E:\FR\FM\15FEN1.SGM 15FEN1 cprice-sewell on PROD1PC66 with NOTICES Federal Register / Vol. 71, No. 31 / Wednesday, February 15, 2006 / Notices There are approximately 4300 investment companies registered with the Commission, all of which are required to comply with rule 31a–1. For purposes of determining the burden imposed by rule 31a–1, the Commission staff estimates that each fund is divided into approximately four series, on average, and that each series is required to comply with the recordkeeping requirements of rule 31a–1. Based on conversations with fund representatives, it is estimated that rule 31a–1 imposes an average burden of approximately 1500 hours annually per series for a total of 6000 annual hours per fund. The estimated total annual burden for all 4300 investment companies subject to the rule therefore is approximately 25,800,000 hours. Based on conversations with fund representatives, however, the Commission staff estimates that even absent the requirements of rule 31a–1, 90 percent of the records created pursuant to the rule are the type that generally would be created as a matter of normal business custom and to prepare financial statements. The estimate of average burden hours is made solely for the purposes of the Paperwork Reduction Act, and is not derived from a comprehensive or even a representative survey or study. The collection of information required by rule 31a–1 is mandatory. Responses will not be kept confidential. The records required by rule 31a–1 are required to be preserved pursuant to rule 31a–2 under the Investment Company Act [17 CFR 270.31a–2]. Rule 31a–2 requires that certain of these records be preserved permanently, and that others be preserved six years from the end of the fiscal year in which any transaction occurred. In both cases, the records should be kept in an easily accessible place for the first two years. 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 OMB 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, 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 VerDate Aug<31>2005 13:17 Feb 14, 2006 Jkt 208001 be submitted to OMB within 30 days of this notice. Dated: February 6, 2006. J. Lynn Taylor, Assistant Secretary. [FR Doc. E6–2102 Filed 2–14–06; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–53250; File No. S7–24–89] Joint Industry Plan; Order Granting Approval of Category 1 Changes From Amendment No. 13 of the Reporting Plan for Nasdaq-Listed Securities Traded on Exchanges on an Unlisted Trading Privilege Basis, Submitted by the Pacific Exchange, Inc., the National Association of Securities Dealers, Inc., the American Stock Exchange LLC, the Boston Stock Exchange, Inc., the Chicago Stock Exchange, Inc., the National Stock Exchange, Inc., and the Philadelphia Stock Exchange, Inc. February 7, 2006. I. Introduction and Description On May 31, 2002, the National Stock Exchange, Inc. (‘‘NSX’’),1 on behalf of itself and the National Association of Securities Dealers, Inc. (‘‘NASD’’), the American Stock Exchange LLC (‘‘Amex’’), the Boston Stock Exchange, Inc. (‘‘BSE’’), the Chicago Stock Exchange, Inc. (‘‘CHX’’), the Pacific Exchange, Inc. (‘‘PCX’’), and the Philadelphia Stock Exchange, Inc. (‘‘Phlx’’) (hereinafter referred to collectively as ‘‘Participants’’),2 as members of the Operating Committee of the Plan submitted to the Securities and Exchange Commission (‘‘Commission’’) a proposal to amend the Plan, pursuant to Rule 608 3 under the Securities Exchange Act of 1934 (‘‘Act’’ or ‘‘Exchange Act’’). The proposal represents the 13th amendment (‘‘13th Amendment’’) made to the Plan. Notice of the proposed 13th Amendment was 1 At the time Amendment No. 13 was submitted, the NSX was known as the Cincinnati Stock Exchange, Inc (‘‘CSE’’). The Commission notes that the CSE changed its name to the National Stock Exchange, Inc. See Securities Exchange Act Release No. 48774 (November 12, 2003), 68 FR 65332 (November 19, 2003) (File No. SR–CSE–2003–12). 2 At the time of submission, NSX was the chair of the operating committee (‘‘Operating Committee’’ or ‘‘Committee’’) for the Joint Self-Regulatory Organization Plan Governing the Collection, Consolidation and Dissemination of Quotation and Transaction Information for Nasdaq-Listed Securities Traded on Exchanges on an Unlisted Trading Privilege Basis (‘‘Nasdaq UTP Plan’’ or ‘‘Plan’’) by the Participants. PCX is the current chair of the Operating Committee. 3 17 CFR 202.608. PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 8007 published in the Federal Register on July 5, 2002.4 The Nasdaq UTP Plan governs the collection, processing, and dissemination on a consolidated basis of quotation and last sale information for each of its Participants. This consolidated information informs investors of the current quotation and recent trade prices of The Nasdaq Stock Market, Inc. (‘‘Nasdaq’’) securities. It enables investors to ascertain from one data source the current prices in all the markets trading Nasdaq securities. The Plan serves as the required transaction reporting plan for its Participants, which is a prerequisite for their trading Nasdaq securities. As discussed in the 13th Amendment Notice, proposed amendments to the Plan have been segregated into four categories: (1) Category 1, ‘‘Effective Upon Nasdaq’s Exchange Registration;’’ (2) Category 2, ‘‘Effective Upon Launch of the Internal SIP;’’ (3) Category 3, ‘‘Effective Upon End of Parallel Period—Elimination of the Legacy SIP;’’ and (4) Category 4, ‘‘Timing Not An Issue.’’ The amendments detailed in Category 2 were granted summary effectiveness through the 13th Amendment Notice so as to allow the target launch date for the new Internal Securities Information Processor (‘‘SIP’’) data feeds to be met.5 In addition, the Commission granted partial temporary approval to the 13th Amendment with respect to extension of the expiration date of the Plan itself. The partial temporary approval extended the expiration date of the Plan through August 19, 2003.6 The Commission then granted approval to the amendments detailed in Categories 2, 3, and 4 on a pilot basis.7 However, the order approving parts 2, 3, and 4 of Amendment 13 noted specifically that it did not approve those amendments detailed in Category 1 because the Commission intended to address those amendments detailed in Category 1 through separate action when the Commission acted on the Nasdaq exchange registration application.8 4 See Securities Exchange Act Release No. 46139 (June 28, 2001 [sic]), 67 FR 44888 (‘‘13th Amendment Notice’’). 5 The summary effectiveness expired on October 26, 2002. 6 See Securities Exchange Act Release No. 46381 (August 19, 2002), 67 FR 54687 (August 23, 2002) (‘‘Date Extension Approval Order’’). 7 See Securities Exchange Act Release No. 46729 (October 25, 2002), 67 FR 66685 (November 1, 2002). 8 Pursuant to Rule 608(b)(2), 17 CFR 242.608(b)(2), the Commission must take action within 120 days of the date of publication of notice of filing of amendment in the Federal Register E:\FR\FM\15FEN1.SGM Continued 15FEN1

Agencies

[Federal Register Volume 71, Number 31 (Wednesday, February 15, 2006)]
[Notices]
[Pages 8006-8007]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-2102]


-----------------------------------------------------------------------

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 31a-1; SEC File No. 270-173; OMB Control No. 3235-0178.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 [44 U.S.C. 3501-3520], 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.
    Rule 31a-1 [17 CFR 270.31a-1] under the Investment Company Act of 
1940 (the ``Act'') is entitled ``Records to be maintained by registered 
investment companies, certain majority-owned subsidiaries thereof, and 
other persons having transactions with registered investment 
companies.'' Rule 31a-1 requires registered investment companies 
(``funds''), and every underwriter, broker, dealer, or investment 
adviser that is a majority-owned subsidiary of a fund, to maintain and 
keep current accounts, books, and other documents which constitute the 
record forming the basis for financial statements required to be filed 
pursuant to section 31 of the Act [15 U.S.C. 80a-30] and of the 
auditor's certificates relating thereto. The rule lists specific 
records to be maintained by funds. The rule also requires certain 
underwriters, brokers, dealers, depositors, and investment advisers to 
maintain the records that they are required to maintain under federal 
securities laws. The Commission periodically inspects the operations of 
funds to insure their compliance with the provisions of the Act and the 
rules thereunder. The books and records required to be maintained by 
rule 31a-1 constitute a major focus of the Commission's inspection 
program.

[[Page 8007]]

    There are approximately 4300 investment companies registered with 
the Commission, all of which are required to comply with rule 31a-1. 
For purposes of determining the burden imposed by rule 31a-1, the 
Commission staff estimates that each fund is divided into approximately 
four series, on average, and that each series is required to comply 
with the recordkeeping requirements of rule 31a-1. Based on 
conversations with fund representatives, it is estimated that rule 31a-
1 imposes an average burden of approximately 1500 hours annually per 
series for a total of 6000 annual hours per fund. The estimated total 
annual burden for all 4300 investment companies subject to the rule 
therefore is approximately 25,800,000 hours. Based on conversations 
with fund representatives, however, the Commission staff estimates that 
even absent the requirements of rule 31a-1, 90 percent of the records 
created pursuant to the rule are the type that generally would be 
created as a matter of normal business custom and to prepare financial 
statements.
    The estimate of average burden hours is made solely for the 
purposes of the Paperwork Reduction Act, and is not derived from a 
comprehensive or even a representative survey or study. The collection 
of information required by rule 31a-1 is mandatory. Responses will not 
be kept confidential. The records required by rule 31a-1 are required 
to be preserved pursuant to rule 31a-2 under the Investment Company Act 
[17 CFR 270.31a-2]. Rule 31a-2 requires that certain of these records 
be preserved permanently, and that others be preserved six years from 
the end of the fiscal year in which any transaction occurred. In both 
cases, the records should be kept in an easily accessible place for the 
first two years. 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 OMB 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, 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.

    Dated: February 6, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E6-2102 Filed 2-14-06; 8:45 am]
BILLING CODE 8010-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.