Submission for OMB Review; Comment Request, 64323 [E6-18361]
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sroberts on PROD1PC70 with NOTICES
Federal Register / Vol. 71, No. 211 / Wednesday, November 1, 2006 / Notices
Commission may require by rule.6 Rule
17i–8 requires that an SIBHC to notify
the Commission upon the occurrence of
certain events that would indicate a
decline in the financial and operational
well-being of the firm.
The collections of information
included in Rule 17i–8 are necessary to
allow the Commission to effectively
determine whether supervision of an
IBHC as an SIBHC is necessary or
appropriate in furtherance of the
purposes of section 17 of the Act and
allow the Commission to supervise the
activities of these SIBHCs. Rule 17i–8
also enhances the Commission’s
supervision of the SIBHCs’ subsidiary
broker-dealers through collection of
additional information and inspections
of affiliates of those broker-dealers.
Without these notices, the Commission
would be unable to adequately
supervise an SIBHC, nor would it be
able to determine whether continued
supervision of an IBHC as an SIBHC
were necessary and appropriate in
furtherance of the purposes of section
17 of the Act.
We estimate that three IBHCs will file
Notices of Intention with the
Commission to be supervised by the
Commission as SIBHCs. An SIBHC will
require about one hour to create a notice
required to be submitted to the
Commission pursuant to Rule 17i–8.
However, as these notices only need be
filed in certain situations indicative of
financial or operational difficulty, only
one SIBHC may be required to file
notice pursuant to the Rule every other
year. Thus, we estimate that the annual
burden of Rule 17i–8 for all SIBHCs
would be about 30 minutes.
The reports and notices required to be
filed pursuant to Rule 17i–8 must be
preserved for a period of not less than
three years.7 The collection of
information is mandatory and the
information required to be provided to
the Commission pursuant to this Rule is
deemed confidential pursuant to section
17(j) of the Securities Exchange Act of
1934 8 and Section 552(b)(3)(B) of the
Freedom of Information Act,9
notwithstanding any other provision of
law. In addition, paragraph 17i–8(c)
specifies that the notices and reports
filed in accordance with Rule 17i–8 will
be accorded confidential treatment to
the extent permitted by law.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
6 15
U.S.C. 78q(i)(3)(A).
CFR 240.17i–5(b)(4).
8 15 U.S.C. 78q(j).
9 5 U.S.C. 552(b)(3)(B).
7 17
VerDate Aug<31>2005
17:36 Oct 31, 2006
Jkt 211001
unless it displays a currently valid
control number.
Comments should be directed to: (i)
The 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, 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: October 23, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6–18355 Filed 10–31–06; 8:45 am]
BILLING CODE 8011–01–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: Rule 17Ad–15; SEC File No.
270–360; OMB Control No. 3235–0409.
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 17Ad–15—Signature Guarantees
Rule 17Ad–15 (17 CFR 240.17Ad–15)
under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) (the ‘‘Act’’)
requires approximately 760 transfer
agents to establish written standards for
accepting and rejecting guarantees of
securities transfers from eligible
guarantor institutions. Transfer agents
are also required to establish procedures
to ensure that those standards are used
by the transfer agent to determine
whether to accept or reject guarantees
from eligible guarantor institutions.
Transfer agents must maintain, for a
period of three years following the date
of a rejection of transfer, a record of all
transfers rejected, along with the reason
for the rejection, identification of the
PO 00000
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64323
guarantor, and whether the guarantor
failed to meet the transfer agent’s
guarantee standard. These
recordkeeping requirements assist the
Commission and other regulatory
agencies with monitoring transfer agents
and ensuring compliance with the rule.
There are approximately 760
registered transfer agents. The staff
estimates that every transfer agent will
spend about 40 hours annually to
comply with Rule 17Ad–15. The total
annual burden for all transfer agents is
30,400 hours. The average cost per hour
is approximately $50. Therefore, the
total cost of compliance for all transfer
agents is $1,520,000.
The retention period for the
recordkeeping requirement under Rule
17Ad–15 is three years following the
date of a rejection of transfer. The
recordkeeping requirement under the
rule is mandatory to assist the
Commission and other regulatory
agencies with monitoring transfer agents
and ensuring compliance with the rule.
This rule does not involve the collection
of confidential information. 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.
Comments should be directed to: (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, Securities and Exchange
Commission, c/o Shirley Martinson,
6432 General Green Way, Alexandria,
Virginia 22312 or by sending an e-mail
to: PRA_Mailbox@sec.gov. Comments
must be submitted to OMB within 30
days of this notice.
Dated: October 23, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6–18361 Filed 10–31–06; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–27540; File No. 812–13300]
AIG SunAmerica Life Assurance
Company and Variable Annuity
Account Seven, Notice of Application
October 26, 2006.
Securities and Exchange
Commission (‘‘SEC’’).
AGENCY:
E:\FR\FM\01NON1.SGM
01NON1
]]>Agencies
[Federal Register Volume 71, Number 211 (Wednesday, November 1, 2006)]
[Notices]
[Page 64323]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-18361]
-----------------------------------------------------------------------
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: Rule 17Ad-15; SEC File No. 270-360; OMB Control No.
3235-0409.
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 17Ad-15--Signature Guarantees
Rule 17Ad-15 (17 CFR 240.17Ad-15) under the Securities Exchange Act
of 1934 (15 U.S.C. 78a et seq.) (the ``Act'') requires approximately
760 transfer agents to establish written standards for accepting and
rejecting guarantees of securities transfers from eligible guarantor
institutions. Transfer agents are also required to establish procedures
to ensure that those standards are used by the transfer agent to
determine whether to accept or reject guarantees from eligible
guarantor institutions. Transfer agents must maintain, for a period of
three years following the date of a rejection of transfer, a record of
all transfers rejected, along with the reason for the rejection,
identification of the guarantor, and whether the guarantor failed to
meet the transfer agent's guarantee standard. These recordkeeping
requirements assist the Commission and other regulatory agencies with
monitoring transfer agents and ensuring compliance with the rule.
There are approximately 760 registered transfer agents. The staff
estimates that every transfer agent will spend about 40 hours annually
to comply with Rule 17Ad-15. The total annual burden for all transfer
agents is 30,400 hours. The average cost per hour is approximately $50.
Therefore, the total cost of compliance for all transfer agents is
$1,520,000.
The retention period for the recordkeeping requirement under Rule
17Ad-15 is three years following the date of a rejection of transfer.
The recordkeeping requirement under the rule is mandatory to assist the
Commission and other regulatory agencies with monitoring transfer
agents and ensuring compliance with the rule. This rule does not
involve the collection of confidential information. 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.
Comments should be directed to: (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, Securities and Exchange Commission, c/o Shirley
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or by
sending an e-mail to: PRA--Mailbox@sec.gov. Comments must be submitted
to OMB within 30 days of this notice.
Dated: October 23, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-18361 Filed 10-31-06; 8:45 am]
BILLING CODE 8011-01-P
