Submission for OMB Review; Comment Request, 38678-38679 [E6-10638]

Download as PDF cprice-sewell on PROD1PC66 with NOTICES 38678 Federal Register / Vol. 71, No. 130 / Friday, July 7, 2006 / Notices for such plan shall mail to each certificate holder, within sixty days after the issuance of the certificate, a statement of charges to be deducted from the projected payments on the certificate and a notice of his right of withdrawal as specified in this section.’’ Section 27(f) authorizes the Commission to ‘‘make rules specifying the method, form, and contents of the notice required by this subsection.’’ Rule 27f– 1 (17 CFR 270.27f–1) under the Act, entitled ‘‘Notice of Right of Withdrawal Required to be Mailed to Periodic Payment Plan Certificate Holders and Exemption from Section 27(f) for Certain Periodic Payment Plan Certificates,’’ provides instructions for the delivery of the notice required by section 27(f). Rule 27f–1(d) prescribes Form N– 27F–1 (17 CFR 274.127f–1), which sets forth the language that custodian banks for periodic payment plans must use in informing certificate holders of their withdrawal right pursuant to section 27(f). The instructions to the form provide that the notice must be on the sender’s letterhead. The Commission does not receive a copy of the form N– 27F–1 notice. The Form N–27F–1 notice informs certificate holders of their rights in connection with the certificates they hold. Specifically, it is intended to encourage new purchasers of plan certificates to reassess the costs and benefits of their investment and to provide them with an opportunity to recover their initial investment without penalty. The disclosure assists certificate holders in making careful and fully informed decisions about whether to invest in periodic payment plan certificates. The frequency with which each of these issuers or their representatives must file Form N–27F–1 notices varies with the number of periodic payment plans sold. Commission staff spoke with representatives of a number of firms in the industry that currently have periodic payment plan accounts. Based upon these conversations, the staff estimates that 3 issuers of periodic payment plan certificates send out an aggregate of approximately 535 notices per year. The staff further estimates that all the issuers that send Form N–27F– 1 notices use outside contractors to print and distribute the notices, and incur no hourly burden. The estimate of annual 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 of the costs of Commission rules and forms. VerDate Aug<31>2005 15:46 Jul 06, 2006 Jkt 208001 Complying with the collection of information requirements of rule 27f–1 is mandatory for custodian banks of periodic payment plans for which the sales load deducted from any payment exceeds 9 percent of the payment.1 The information provided pursuant to rule 27f–1 will be provided to third parties and, therefore, will not be kept confidential. 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 are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the Commission, including whether the information has practical utility; (b) the accuracy of the Commission’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: June 27, 2006. J. Lynn Taylor, Assistant Secretary. [FR Doc. E6–10637 Filed 7–6–06; 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: Form 2–E under Rule 609; SEC File No. 270–222; OMB Control No. 3235–0233. 1 The rule also permits the issuer, its principal underwriter, its depositor, or its recordkeeping agent to mail the notice if the custodian bank has delegated the mailing of the notice to any of them or if the issuer has been permitted to operate without a custodian bank by Commission order. See 17 CFR 270.27f–1. PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 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 entitled. Form 2–E Under the Securities Act of 1933, Report of Sales Pursuant to Rule 609 of Regulation E, and Rule 609 Under the Securities Act of 1933, Report of Sales Under Rule 609 under the Securities Act of 1933 (17 CFR 230.609), Form 2– E (17 CFR 239.201) is used by small business investment companies or business development companies engaged in limited offerings of securities to report semi-annually the progress of the offering, including the number of shares sold. The form solicits information such as the dates an offering has commenced and has been completed, the number of shares sold and still being offered, amounts received in the offering, and expenses and underwriting discounts incurred in the offering. This information assists the staff in determining whether the issuer has stayed within the limits of an offering exemption. Form 2–E must be filed semi-annually during an offering and as a final report at the completion of the offering. Less frequent filing would not allow the Commission to monitor the progress of the limited offering in order to ensure that the issuer was not attempting to avoid the normal registration provisions of the securities laws. During the calendar year 2005, there were 36 filings of Form 2–E by 24 respondents. The Commission estimates, based on its experience with disclosure documents generally and Form 2–E in particular, and based on informal contacts with the investment company industry, that the total annual burden associated with information collection, Form 2–E preparation, and submission is four hours per filing or 144 hours for all respondents. The estimates of average burden hours are made solely for the purposes of the Act and are not derived from a comprehensive or even representative survey or study of the cost of Commission rules and forms. Form 2–E does not involve any recordkeeping requirements. The information required by the form is mandatory and the information provided will not be kept confidential. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it E:\FR\FM\07JYN1.SGM 07JYN1 Federal Register / Vol. 71, No. 130 / Friday, July 7, 2006 / Notices displays a currently valid 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, 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: June 29, 2006. J. Lynn Taylor, Assistant Secretary. [FR Doc. E6–10638 Filed 7–6–06; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] In the Matter of AdZone Research, Inc.; Order of Suspension of Trading cprice-sewell on PROD1PC66 with NOTICES July 5, 2006. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of AdZone Research, Inc. (‘‘AdZone’’), a Delaware corporation headquartered in Calverton, New York. Questions have arisen regarding the accuracy of assertions by AdZone, and by others, in press releases and Internet postings to investors concerning, among other things: (1) The company’s contracts with two nonprofit organizations, (2) the nature and extent of the orders that the company has received for the sale of licenses of its software products, and (3) the company’s recent contributions to its employee Incentive Stock Plan. The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company. Therefore, it is ordered, pursuant to section 12(k) of the Securities Exchange Act of 1934, that trading in the abovelisted company is suspended for the period from 9:30 a.m. EDT, July 5, 2006, through 11:59 p.m. EDT, on July 18, 2006. VerDate Aug<31>2005 15:46 Jul 06, 2006 Jkt 208001 By the Commission. Nancy M. Morris, Secretary. [FR Doc. 06–6082 Filed 7–5–06; 11:28 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–54052; File No. SR– NYSEArca–2006–29] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Extend the One Week Option Series Pilot Program June 27, 2006. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b 4 thereunder,2 notice is hereby given that on June 16, 2006, NYSE Arca, Inc. (‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been substantially prepared by the Exchange. NYSE Arca has designated this proposal as non-controversial under Section 19(b)(3)(A)(iii) of the Act 3 and Rule 19b–4(f)(6) thereunder,4 which renders the proposed rule change effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend NYSE Arca Rule 5.19(a)(3), ‘‘Terms of Index Option Contracts,’’ and Commentary .07 to NYSE Arca Rule 6.4, ‘‘Series of Options Open for Trading,’’ to extend until July 12, 2007, its pilot program for listing and trading One Week Option Series (‘‘Pilot Program’’). The text of the proposed rule change is available on the Exchange’s Web site (http://www.nysearca.com), at the Exchange’s principal office, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of, and basis for, PO 00000 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A)(iii). 4 17 CFR 240.19b–4(f)(6). 2 17 Frm 00082 Fmt 4703 Sfmt 4703 38679 the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of the proposed rule change is to extend the Pilot Program for an additional year, through July 12, 2007.5 The Pilot Program allows NYSE Arca to list and trade One Week Option Series, which expire one week after the date on which a series is opened. Under the Pilot Program, NYSE Arca may select up to five approved option classes on which One Week Option Series could be opened.6 A series could be opened on any Friday that is a business day and would expire on the next Friday that is a business day.7 If a Friday were not a business day, the series could be opened (or would expire) on the first business day immediately prior to that Friday. For each class selected for the Pilot Program, the Exchange usually would open five One Week Option Series in that class for each expiration date. The strike price of each One Week Option Series would be fixed at a price per share, with at least two strike prices above and two strike prices below the value of the underlying security or calculated index value at about the time that the One Week Option Series is opened. NYSE Arca will not open a One 5 The Commission approved the Pilot Program on July 12, 2005. See Securities Exchange Act Release No. 52013 (July 12, 2005), 70 FR 41471 (July 19, 2005) (SR–PCX–2005–32). Under NYSE Arca Rules 5.19 and 6.4, the Pilot Program is scheduled to expire on July 12, 2006. 6 A One Week Option Series could be opened in any option class that satisfied the applicable listing criteria under NYSE Arca rules (i.e., stock options, options on Exchange Traded Fund Shares as defined under NYSE Arca Rule 5.3, or options on indexes). The Exchange could also list and trade One Week Option Series on any option class that is selected by another exchange that employs a similar pilot program. 7 One Week Option Series would be settled in the same manner as the monthly expiration series in the same class. Thus, if the monthly option contract for a particular class were A.M.-settled, as most index options are, the One Week Option Series for that class also would be A.M.-settled; if the monthly option contract for a particular class were P.M.settled, as most non-index options are, the One Week Option Series for that class also would be P.M.-settled. Similarly, One Week Option Series for a particular class are physically settled or cashsettled in the same manner as the monthly option contract in that class. E:\FR\FM\07JYN1.SGM 07JYN1

Agencies

[Federal Register Volume 71, Number 130 (Friday, July 7, 2006)]
[Notices]
[Pages 38678-38679]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-10638]


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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.

Extension: Form 2-E under Rule 609; SEC File No. 270-222; OMB 
Control No. 3235-0233.

    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 entitled.

Form 2-E Under the Securities Act of 1933, Report of Sales Pursuant to 
Rule 609 of Regulation E, and Rule 609 Under the Securities Act of 
1933, Report of Sales

    Under Rule 609 under the Securities Act of 1933 (17 CFR 230.609), 
Form 2-E (17 CFR 239.201) is used by small business investment 
companies or business development companies engaged in limited 
offerings of securities to report semi-annually the progress of the 
offering, including the number of shares sold. The form solicits 
information such as the dates an offering has commenced and has been 
completed, the number of shares sold and still being offered, amounts 
received in the offering, and expenses and underwriting discounts 
incurred in the offering. This information assists the staff in 
determining whether the issuer has stayed within the limits of an 
offering exemption.
    Form 2-E must be filed semi-annually during an offering and as a 
final report at the completion of the offering. Less frequent filing 
would not allow the Commission to monitor the progress of the limited 
offering in order to ensure that the issuer was not attempting to avoid 
the normal registration provisions of the securities laws.
    During the calendar year 2005, there were 36 filings of Form 2-E by 
24 respondents. The Commission estimates, based on its experience with 
disclosure documents generally and Form 2-E in particular, and based on 
informal contacts with the investment company industry, that the total 
annual burden associated with information collection, Form 2-E 
preparation, and submission is four hours per filing or 144 hours for 
all respondents.
    The estimates of average burden hours are made solely for the 
purposes of the Act and are not derived from a comprehensive or even 
representative survey or study of the cost of Commission rules and 
forms.
    Form 2-E does not involve any recordkeeping requirements. The 
information required by the form is mandatory and the information 
provided will not be kept confidential. An agency may not conduct or 
sponsor, and a person is not required to respond to, a collection of 
information unless it

[[Page 38679]]

displays a currently valid 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, 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: June 29, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E6-10638 Filed 7-6-06; 8:45 am]
BILLING CODE 8010-01-P