Submission for OMB Review; Comment Request, 13639 [E6-3805]

Download as PDF Federal Register / Vol. 71, No. 51 / Thursday, March 16, 2006 / Notices All qualified candidates will receive careful consideration. Applications will be accepted on an ongoing basis. Dated: March 10, 2006. Andrew L. Bates, Advisory Committee Management Officer. [FR Doc. E6–3815 Filed 3–15–06; 8:45 am] BILLING CODE 7590–01–P SECURITIES AND EXCHANGE COMMISSION wwhite on PROD1PC61 with NOTICES 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. 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’’) has submitted to the Office of Management and Budget a request for approval of the previously approved collection of information discussed below. • Regulation Analyst Certification (Regulation AC) Regulation Analyst Certification under the Securities Exchange Act of 1934 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 VerDate Aug<31>2005 15:48 Mar 15, 2006 Jkt 208001 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 Securities Exchange Act of 1934 and Rule 17d–2 thereunder. Further, brokerdealers 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 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 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, 100 F Street, NE., Washington, DC 20549. Comments must be submitted to OMB within 30 days of this notice. March 8, 2006. Nancy M. Morris, Secretary. [FR Doc. E6–3805 Filed 3–15–06; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–53467; File No. 81–935] Notice of an Application of Peoples Financial Corporation Under Section 12(h) of the Securities Exchange Act of 1934 March 10, 2006. The Securities and Exchange Commission gives notice that Peoples Financial Corporation has filed an application under Section 12(h) of the Securities Exchange Act of 1934, as amended, for certain relief. Peoples states that its principal executive offices are located in Biloxi, Mississippi, which is within one of the Presidentially PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 13639 Declared Disaster Areas where Individual Assistance has been authorized by the Federal Emergency Management Agency as a result of Hurricane Katrina, and that its sixteen branch facilities are also located in the Disaster Areas. In its application, Peoples asserts that the relief is necessary due to, among other things, the extraordinary impact of Hurricane Katrina on Peoples’s facilities, personnel, customers, and independent public accountant. For example, the application indicates that: (1) Peoples, which is a bank holding company, lost six of the sixteen branch locations of its bank subsidiary, The Peoples Bank; (2) more than twenty percent of its employees lost their homes, another twenty-five percent had serious damage to their homes and several of Peoples’s branches served as temporary housing for employees; and (3) company personnel have had to focus on on-going post-Katrina recovery issues such as evaluation of the loan portfolio and recovery and decontamination of items from vaults and safe deposit boxes. Further, the application states that: (1) The Biloxi, Mississippi office of Peoples’s independent public accountants, which housed all of their hard copy records and computer files, was destroyed and more than twentyfive percent of their professional and support staff have relocated out of the area; and (2) Peoples was the only client of its independent public accountants that is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act. Accordingly, Peoples asks the Commission to order that Peoples be required to first include the disclosures specified in paragraphs (a) and (b) of Item 308 of Regulation S–K and first comply with Exchange Act Rule 13a–15(c) for the fiscal year ended December 31, 2006. For a detailed statement of the information presented, all persons are referred to Peoples’s application, which is on file in the Commission’s Public Reference Room, Station Place, 100 F Street, NE., Washington, DC 20549. The Commission also gives notice that any interested person may, not later than March 30, 2006, submit to the Commission in writing its views on any substantial facts bearing on the application or the desirability of a hearing thereon. Any such communication or a request that the Commission hold a hearing on this matter may be submitted by any of the following methods: E:\FR\FM\16MRN1.SGM 16MRN1

Agencies

[Federal Register Volume 71, Number 51 (Thursday, March 16, 2006)]
[Notices]
[Page 13639]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-3805]


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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.
    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'') has submitted to the Office of Management 
and Budget a request for approval of the previously approved collection 
of information discussed below.
     Regulation Analyst Certification (Regulation AC)
    Regulation Analyst Certification under the Securities Exchange Act 
of 1934 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 Securities Exchange Act of 
1934 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 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 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, 100 F Street, NE., Washington, DC 20549. Comments 
must be submitted to OMB within 30 days of this notice.

     March 8, 2006.
Nancy M. Morris,
Secretary.
 [FR Doc. E6-3805 Filed 3-15-06; 8:45 am]
BILLING CODE 8010-01-P