Collection; Comment Request, 31230 [E6-8495]

Download as PDF 31230 Federal Register / Vol. 71, No. 105 / Thursday, June 1, 2006 / Notices 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, Securities and Exchange Commission, C/O Shirley Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or send an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: May 22, 2006. Jill M. Peterson, Assistant Secretary. [FR Doc. E6–8494 Filed 5–31–06; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION Collection; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549. wwhite on PROD1PC61 with NOTICES Extension: Rule 202(a)(11)–1; SEC File No. 270–471; OMB Control No. 3235–0532. 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 (the ‘‘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 (‘‘OMB’’) for extension and approval. The title for the collection of information is ‘‘Certain Broker-Dealers Deemed Not To Be Investment Advisers.’’ Rule 202(a)(11)–1 (17 CFR 275.202(a)(11)–1) under the Investment Advisers Act of 1940 (15 U.S.C. 80b–1 et seq.) (‘‘Advisers Act’’) addresses the application of the Advisers Act to broker-dealers offering accounts charging an asset-based fee. The rule is intended to clarify when brokers offering these programs are subject to the provisions of the Advisers Act. The rule requires that all advertisements for brokerage accounts charging an assetbased fee and all agreements and contracts governing the operation of those accounts contain a certain prominent statement that the accounts are brokerage accounts and not advisory accounts. This collection of information is necessary so that customers are not confused with respect to the services VerDate Aug<31>2005 19:10 May 31, 2006 Jkt 208001 that they are receiving, i.e., to prevent customers and prospective customers from mistakenly believing that the account is an advisory account subject to the Advisers Act. The collection assists customers in making informed decisions regarding whether to establish accounts. The respondents to this collection of information are all broker-dealers that are registered with the Commission. The Commission has estimated that the average annual burden for ensuring compliance with the disclosure element of the rule is 5 minutes per brokerdealer taking advantage of the rule. If all of the approximately 6,158 brokerdealers registered with the Commission took advantage of the rule, the total estimated annual burden would be 511 hours (.083 hours × 6,158 brokers). Written comments are invited on: (a) Whether the 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, Securities and Exchange Commission, C/O Shirley Martinson, 6432 General Green Way, Alexandria, Virginia 22312, or send an e-mail to: PRA_Mailbox@sec.gov. Dated: May 24, 2006. Jill M. Peterson, Assistant Secretary. [FR Doc. E6–8495 Filed 5–31–06; 8:45 am] BILLING CODE 8010–01–P Sunshine Act Meeting Notice Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Public Law 94–409, that the Securities and Exchange Commission will hold the following meeting during the week of June 5, 2006: A Closed Meeting will be held on Tuesday, June 6, 2006 at 2 p.m. Frm 00089 Fmt 4703 Dated: May 30, 2006. Nancy M. Morris, Secretary. [FR Doc. 06–5077 Filed 5–31–06; 3:45 pm] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. PA–36; File No. S7–09–06] Privacy Act of 1974: System of Records: Office of Inspector General Investigative Files (SEC–43) Securities and Exchange Commission. ACTION: Notice of an altered system of records. AGENCY: SECURITIES AND EXCHANGE COMMISSION PO 00000 Commissioners, Counsel to the Commissioners, the Secretary to the Commission, and recording secretaries will attend the Closed Meeting. Certain staff members who have an interest in the matters may also be present. The General Counsel of the Commission, or his designee, has certified that, in his opinion, one or more of the exemptions set forth in 5 U.S.C. 552b(c)(3), (5), (6), (9)(B), (10) and 17 CFR 200.402(a)(3), (5), (6), (9)(ii), and (10) permit consideration of the scheduled matters at the Closed Meeting. Commissioner Campos, as duty officer, voted to consider the items listed for the closed meetings in closed session. The subject matter of the Closed Meeting scheduled for Tuesday, June 6, 2006 will be: Formal orders of investigation; Institution and settlement of injunctive actions; Institution and settlement of administrative proceedings of an enforcement nature; and Resolution of litigation claims. At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact: The Office of the Secretary at (202) 551–5400. Sfmt 4703 SUMMARY: In accordance with the requirements of the Privacy Act of 1974, as amended, 5 U.S.C. 552a, the Securities and Exchange Commission proposes to alter a Privacy Act system of records: ‘‘Office of Inspector General Investigative Files (SEC–43)’’, originally published at 55 FR 1744, January 18, 1990. Revisions to this system were last published at 63 FR 11936, March 11, 1998. E:\FR\FM\01JNN1.SGM 01JNN1

Agencies

[Federal Register Volume 71, Number 105 (Thursday, June 1, 2006)]
[Notices]
[Page 31230]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-8495]


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SECURITIES AND EXCHANGE COMMISSION


Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549.

Extension: Rule 202(a)(11)-1; SEC File No. 270-471; OMB Control No. 
3235-0532.

    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 
(the ``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 (``OMB'') for extension and approval.
    The title for the collection of information is ``Certain Broker-
Dealers Deemed Not To Be Investment Advisers.'' Rule 202(a)(11)-1 (17 
CFR 275.202(a)(11)-1) under the Investment Advisers Act of 1940 (15 
U.S.C. 80b-1 et seq.) (``Advisers Act'') addresses the application of 
the Advisers Act to broker-dealers offering accounts charging an asset-
based fee. The rule is intended to clarify when brokers offering these 
programs are subject to the provisions of the Advisers Act. The rule 
requires that all advertisements for brokerage accounts charging an 
asset-based fee and all agreements and contracts governing the 
operation of those accounts contain a certain prominent statement that 
the accounts are brokerage accounts and not advisory accounts. This 
collection of information is necessary so that customers are not 
confused with respect to the services that they are receiving, i.e., to 
prevent customers and prospective customers from mistakenly believing 
that the account is an advisory account subject to the Advisers Act. 
The collection assists customers in making informed decisions regarding 
whether to establish accounts.
    The respondents to this collection of information are all broker-
dealers that are registered with the Commission. The Commission has 
estimated that the average annual burden for ensuring compliance with 
the disclosure element of the rule is 5 minutes per broker-dealer 
taking advantage of the rule. If all of the approximately 6,158 broker-
dealers registered with the Commission took advantage of the rule, the 
total estimated annual burden would be 511 hours (.083 hours x 6,158 
brokers).
    Written comments are invited on: (a) Whether the 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, Securities and Exchange Commission, C/O 
Shirley Martinson, 6432 General Green Way, Alexandria, Virginia 22312, 
or send an e-mail to: PRA--Mailbox@sec.gov.

    Dated: May 24, 2006.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E6-8495 Filed 5-31-06; 8:45 am]
BILLING CODE 8010-01-P