Proposed Collection; Comment Request, 41282 [E6-11497]
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41282
Federal Register / Vol. 71, No. 139 / Thursday, July 20, 2006 / Notices
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549–0007.
rwilkins on PROD1PC63 with NOTICES_1
Extension: Form 13F; SEC File No. 270–22;
OMB Control No. 3235–0006.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501–3520), the Securities
and Exchange Commission (the
‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this collection of
information to the Office of
Management and Budget (‘‘OMB’’) for
extension and approval.
Section 13(f) 1 of the Securities
Exchange Act of 1934 2 (the ‘‘Exchange
Act’’) empowers the Commission to: (1)
Adopt rules that create a reporting and
disclosure system to collect specific
information; and (2) disseminate such
information to the public. Rule 13f–1 3
under the Exchange Act requires
institutional investment managers that
exercise investment discretion over
accounts—having in the aggregate a fair
market value of at least $100,000,000 of
exchange-traded or NASDAQ-quoted
equity securities—to file quarterly
reports with the Commission on Form
13F.4
The information collection
requirements apply to institutional
investment managers that meet the $100
million reporting threshold. Section
13(f)(5) of the Exchange Act defines an
‘‘institutional investment manager’’ as
any person, other than a natural person,
investing in or buying and selling
securities for its own account, and any
person exercising investment discretion
with respect to the account of any other
person. Form 13F under the Exchange
Act defines ‘‘investment discretion’’ for
purposes of Form 13F reporting.
The reporting system required by
Section 13(f) of the Exchange Act is
intended, among other things, to create
in the Commission a central repository
of historical and current data about the
investment activities of institutional
investment managers, and to improve
the body of factual data available to
regulators and the public.
U.S.C. 78m(f).
2 15 U.S.C. 78a et seq.
3 17 CFR 240.13f–1.
4 17 CFR 249.325.
19:44 Jul 19, 2006
Dated: June 20, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E6–11497 Filed 7–19–06; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
1 15
VerDate Aug<31>2005
The Commission staff estimates that
3,378 respondents make approximately
13,512 responses under the rule each
year. The staff estimates that on average,
Form 13F filers spend 98.8 hours/year
to prepare and submit the report. In
addition, the staff estimates that 336
respondents file approximately 1,344
amendments each year. The staff
estimates that on average, Form 13F
filers spend 4 hours/year to prepare and
submit amendments to Form 13F. The
total annual burden of the rule’s
requirements for all respondents
therefore is estimated to be 335,090
hours ((3,378 filers × 98.8 hours) + (336
filers × 4 hours)).
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act. The estimate
is not derived from a comprehensive or
even a representative survey or study of
the costs of Commission rules. 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 collections of information
are 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 burdens of the collections of
information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burdens of the collections
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.
Upon Written Request, Copies Available
From: Securities and Exchange
Jkt 208001
PO 00000
Frm 00086
Fmt 4703
Sfmt 4703
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension: Rule 17Ac2–2; SEC File No. 270–
298; OMB Control No. 3235–0337; Form
TA–2; SEC File No. 270–298; OMB
Control No. 3235–0337.
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.
Rule 17Ac2–2 and Form TA–2; OMB
Control No. 3235–0337; SEC File No.
270–298
Rule 17Ac2–2 (17 CFR 240.17Ac2–2)
and Form TA–2 (15 CFR 249b.102)
under the Securities Exchange Act of
1934 (17 U.S.C. 78a et seq.) require
transfer agents to file an annual report
of their business activities with the
Commission. The amount of time
needed to comply with the requirements
of Rule 17Ac2–2 and Form TA–2 varies.
From the total 786 registered transfer
agents, approximately 197 registrants
would be required to complete only
Questions 1 through 4 and the signature
section of amended Form TA–2, which
we estimate would take each registrant
about 30 minutes, for a total burden of
99 hours (197 × .5 hours).
Approximately 262 registrants would be
required to answer Questions 1 through
5, 10, and 11 and the signature section,
which we estimate would take about 1
hour and 30 minutes, for a total of 393
hours (262 × 1.5 hours). The remaining
registrants, approximately 327, would
be required to complete the entire Form
TA–2, which we estimate would take
about 6 hours, for a total of 1,962 hours
(327 × 6 hours). We estimate that the
total burden would be 2,454 hours (99
hours + 393 hours + 1,962 hours).
We estimate that the total cost of
reviewing and entering the information
reported on the Forms TA–2 for
respondents is $31.50 per hour. The
Commission estimates that the total cost
would be $77,301.00 annually ($31.50 ×
2,454).
Rule 17Ac2–2 does not involve the
collection of confidential information.
Please note that 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.
General comments regarding the
estimated burden hours should be
directed to the following persons: (i)
David Rostker, Desk Officer for the
E:\FR\FM\20JYN1.SGM
20JYN1
]]>Agencies
[Federal Register Volume 71, Number 139 (Thursday, July 20, 2006)]
[Notices]
[Page 41282]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-11497]
[[Page 41282]]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549-0007.
Extension: Form 13F; SEC File No. 270-22; OMB Control No. 3235-0006.
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501-3520), the Securities and Exchange
Commission (the ``Commission'') is soliciting comments on the
collection of information summarized below. The Commission plans to
submit this collection of information to the Office of Management and
Budget (``OMB'') for extension and approval.
Section 13(f) \1\ of the Securities Exchange Act of 1934 \2\ (the
``Exchange Act'') empowers the Commission to: (1) Adopt rules that
create a reporting and disclosure system to collect specific
information; and (2) disseminate such information to the public. Rule
13f-1 \3\ under the Exchange Act requires institutional investment
managers that exercise investment discretion over accounts--having in
the aggregate a fair market value of at least $100,000,000 of exchange-
traded or NASDAQ-quoted equity securities--to file quarterly reports
with the Commission on Form 13F.\4\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78m(f).
\2\ 15 U.S.C. 78a et seq.
\3\ 17 CFR 240.13f-1.
\4\ 17 CFR 249.325.
---------------------------------------------------------------------------
The information collection requirements apply to institutional
investment managers that meet the $100 million reporting threshold.
Section 13(f)(5) of the Exchange Act defines an ``institutional
investment manager'' as any person, other than a natural person,
investing in or buying and selling securities for its own account, and
any person exercising investment discretion with respect to the account
of any other person. Form 13F under the Exchange Act defines
``investment discretion'' for purposes of Form 13F reporting.
The reporting system required by Section 13(f) of the Exchange Act
is intended, among other things, to create in the Commission a central
repository of historical and current data about the investment
activities of institutional investment managers, and to improve the
body of factual data available to regulators and the public.
The Commission staff estimates that 3,378 respondents make
approximately 13,512 responses under the rule each year. The staff
estimates that on average, Form 13F filers spend 98.8 hours/year to
prepare and submit the report. In addition, the staff estimates that
336 respondents file approximately 1,344 amendments each year. The
staff estimates that on average, Form 13F filers spend 4 hours/year to
prepare and submit amendments to Form 13F. The total annual burden of
the rule's requirements for all respondents therefore is estimated to
be 335,090 hours ((3,378 filers x 98.8 hours) + (336 filers x 4
hours)).
The estimate of average burden hours is made solely for the
purposes of the Paperwork Reduction Act. The estimate is not derived
from a comprehensive or even a representative survey or study of the
costs of Commission rules. 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 collections of
information are 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 burdens
of the collections of information; (c) ways to enhance the quality,
utility, and clarity of the information collected; and (d) ways to
minimize the burdens of the collections 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 20, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E6-11497 Filed 7-19-06; 8:45 am]
BILLING CODE 8010-01-P
