Submission for OMB Review; Comment Request, 9386-9387 [E6-2533]
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Federal Register / Vol. 71, No. 36 / Thursday, February 23, 2006 / 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: David_Rostker@omb.eop.gov;
and (ii) R. Corey Booth, Director/Chief
Information Officer, Office of
Information Technology, Securities and
Exchange Commission, Station Place,
100 F Street, NE., Washington, DC
20549. Comments must be submitted to
Office of Management and Budget
within 30 days of this notice.
Dated: February 15, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 06–1667 Filed 2–22–06; 8:45 am]
BILLING CODE 8010–01–M
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.
rwilkins on PROD1PC63 with NOTICES
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’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
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 does
so through public disclosure, not
selective disclosure; and (2) whenever
an issuer learns that it has made a nonintentional material selective disclosure,
the issuer makes 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. All information is provided to
the public for review. The information
required is filed on occasion and is
mandatory. We estimate that
approximately 13,000 issuers make
VerDate Aug<31>2005
16:15 Feb 22, 2006
Jkt 205001
Regulation FD disclosures
approximately five times a year for a
total of 58,000 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 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 annual burden hours for a total
of 72,500 burden hours.
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
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 send an email 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 16, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 06–1668 Filed 2–22–06; 8:45 am]
BILLING CODE 8010–01–M
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 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’’) has submitted to the
Office of Management and Budget
requests for extension of the previously
approved collection of information
discussed below.
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Fmt 4703
Sfmt 4703
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
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
E:\FR\FM\23FEN1.SGM
23FEN1
rwilkins on PROD1PC63 with NOTICES
Federal Register / Vol. 71, No. 36 / Thursday, February 23, 2006 / Notices
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).
Compliance with Rule 12a–5 is
required to obtain the benefit of the
temporary exemption from registration
offered by the Rule. Rule 12a–5 does not
have a record retention requirement per
se. However, responses made pursuant
to Rule 12a–5 are subject to the
recordkeeping requirements of Rules
17a–3 and 17a–4 of the Act. Information
received in response to Rule 12a–5 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
the following persons: (i) Desk Officer
for 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, Station Place,
100 F Street, NE., Washington, DC
20549. Comments must be submitted to
Office of Management and Budget
within 30 days of this notice.
1 In fact, some exchanges do not file any
notifications on Form 26 with the Commission in
a given year.
VerDate Aug<31>2005
16:15 Feb 22, 2006
Jkt 205001
Dated: February 15, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E6–2533 Filed 2–22–06; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–27224; 812–12969]
John Hancock Capital Series, et al.;
Notice of Application
February 15, 2006.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of application for an
order under section 12(d)(1)(J) of the
Investment Company Act of 1940
(‘‘Act’’) for an exemption from sections
12(d)(1)(A) and (B) of the Act, under
sections 6(c) and 17(b) of the Act for an
exemption from sections 17(a)(1) and (2)
of the Act, and under section 17(d) of
the Act and rule 17d–1 under the Act to
permit certain joint transactions.
AGENCY:
Summary of Application: The
applicants request an order that would
permit (a) certain registered
management investment companies and
certain entities that are excluded from
the definition of investment company
under section 3(c)(1), 3(c)(7) or 3(c)(11)
of the Act to invest uninvested cash and
cash collateral in (i) affiliated money
market funds and/or short-term bond
funds or (ii) one or more affiliated
entities that operate as cash
management investment vehicles and
that are excluded from the definition of
investment company under section
3(c)(1) or 3(c)(7) of the Act, and (b) the
registered management investment
companies and certain affiliated entities
to engage in purchase and sale
transactions involving portfolio
securities in reliance on rule 17a–7
under the Act.
Applicants: John Hancock Capital
Series, John Hancock Declaration Trust,
John Hancock Equity Trust, John
Hancock Income Securities Trust, John
Hancock Investment Trust II, John
Hancock Investment Trust III, John
Hancock Investors Trust, John Hancock
Sovereign Bond Fund, John Hancock
Strategic Series, John Hancock TaxExempt Series Fund, John Hancock
World Fund, John Hancock Bank and
Thrift Opportunity Fund, John Hancock
Bond Trust, John Hancock California
Tax-Free Income Fund, John Hancock
Current Interest, John Hancock
Institutional Series Trust, John Hancock
Investment Trust, John Hancock Patriot
Global Dividend Fund, John Hancock
Patriot Preferred Dividend Fund, John
PO 00000
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Fmt 4703
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9387
Hancock Patriot Premium Dividend
Fund, John Hancock Patriot Premium
Dividend Fund II, John Hancock Patriot
Select Dividend Trust, John Hancock
Preferred Income Fund, John Hancock
Preferred Income Fund II, John Hancock
Series Trust, John Hancock Tax-Free
Bond Trust, John Hancock Financial
Trends Fund, Inc. (each, an ‘‘Investment
Company’’ and collectively, the
‘‘Investment Companies’’), and John
Hancock Advisers, LLC (together with
any entity controlling, controlled by or
under common control with John
Hancock Advisers, LLC, ‘‘JHA’’).
Filing Dates: The application was
filed on April 24, 2003, and amended on
February 7, 2006.
Hearing or Notification of Hearing: An
order granting the requested relief will
be issued unless the Commission orders
a hearing. Interested persons may
request a hearing by writing to the
Commission’s Secretary and serving
applicant with a copy of the request,
personally or by mail. Hearing requests
should be received by the Commission
by 5:30 p.m. on March 13, 2006, and
should be accompanied by proof of
service on applicant, in the form of an
affidavit or, for lawyers, a certificate of
service. Hearing requests should state
the nature of the writer’s interest, the
reason for the request, and the issues
contested. Persons who wish to be
notified of a hearing may request
notification by writing to the
Commission’s Secretary.
ADDRESSES: Secretary, U.S. Securities
and Exchange Commission, 100 F St.,
NE., Washington, DC 20549–1090.
Applicants, c/o David C. Phelan,
Wilmer Cutler Pickering Hale and Dorr
LLP, 60 State Street, Boston,
Massachusetts 02109.
FOR FURTHER INFORMATION CONTACT:
Nadya B. Roytblat, Assistant Director, at
(202) 551–6821 (Office of Investment
Company Regulation, Division of
Investment Management).
SUPPLEMENTARY INFORMATION: The
following is a summary of the
application. The complete application
may be obtained for a fee at the
Commission’s Public Reference Branch,
100 F Street, NE., Washington, DC
20549–0102 (tel. 202–551–5850).
Applicants’ Representations
1. Each Investment Company is
organized as a Massachusetts business
trust or a Maryland corporation and is
registered under the Act as an open-end
or closed-end management investment
company. Each Fund, as defined below,
that is a series of an Investment
Company has separate investment
objectives, policies, and assets. JHA is
E:\FR\FM\23FEN1.SGM
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]]>Agencies
[Federal Register Volume 71, Number 36 (Thursday, February 23, 2006)]
[Notices]
[Pages 9386-9387]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-253]
-----------------------------------------------------------------------
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 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'') has submitted to the Office of Management
and Budget requests for extension of the previously approved collection
of information discussed below.
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 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
[[Page 9387]]
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 x 5
reports = 100 minutes), which translates to just over 13 hours in the
aggregate for all respondents (8 respondents x 100 minutes/respondent =
800 minutes, or 13\1/3\ hours).
---------------------------------------------------------------------------
\1\ In fact, some exchanges do not file any notifications on
Form 26 with the Commission in a given year.
---------------------------------------------------------------------------
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 x $14.35 cost/response), for a total
annual related cost to all respondents of $574 ($71.75 cost/respondent
x 8 respondents).
Compliance with Rule 12a-5 is required to obtain the benefit of the
temporary exemption from registration offered by the Rule. Rule 12a-5
does not have a record retention requirement per se. However, responses
made pursuant to Rule 12a-5 are subject to the recordkeeping
requirements of Rules 17a-3 and 17a-4 of the Act. Information received
in response to Rule 12a-5 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 the following persons: (i) Desk Officer for 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, Station Place, 100 F Street, NE., Washington, DC
20549. Comments must be submitted to Office of Management and Budget
within 30 days of this notice.
Dated: February 15, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E6-2533 Filed 2-22-06; 8:45 am]
BILLING CODE 8010-01-P
