Collection; Comment Request, 31230 [E6-8495]
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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
