Proposed Collection; Comment Request, 76007 [E6-21596]
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Federal Register / Vol. 71, No. 243 / Tuesday, December 19, 2006 / Notices
be submitted to OMB within 30 days of
this notice.
Dated: December 11, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6–21595 Filed 12–18–06; 8:45 am]
BILLING CODE 8011–01–P
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
20549–0004.
hsrobinson on PROD1PC76 with NOTICES
Extension: Form 1–E, Regulation E; SEC File
No. 270–221; OMB Control No. 3235–
0232.
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’’) is soliciting comments
on the collections of information
summarized below. The Commission
plans to submit the existing collection
of information of the Office of
Management and Budget (‘‘OMB’’) for
extension and approval.
Form 1–E (17 CFR 239.200) under the
Securities Act of 1933 (15 U.S.C. 77a et
seq.) (‘‘Securities Act’’) is the form that
a small business investment company
(‘‘SBIC’’) or business development
company (‘‘BDC’’) uses to notify the
Commission that it is claiming an
exemption under Regulation E from
registering its securities under the
Securities Act. Rule 605 of Regulation E
(17 CFR 230.605) under the Securities
Act requires an SBIC or BDC claiming
such an exemption to file an offering
circular with the Commission that must
also be provided to persons to whom an
offer is made. Form 1–E requires an
issuer to provide the names and
addresses of the issuer, its affiliates,
directors, officers, and counsel; a
description of events which would
make the exemption unavailable; the
jurisdiction in which the issuer intends
to offer its securities; information about
unregistered securities issued or sold by
the issuer within one year before filing
the notification on Form 1–E;
information as to whether the issuer is
presently offering or contemplating
offering any other securities; and
exhibits, including copies of the rule
605 offering circular and any
underwriting contracts.
The Commission uses the information
provided in the notification on Form 1–
VerDate Aug<31>2005
17:07 Dec 18, 2006
Jkt 211001
E and the offering circular to determine
whether an offering qualifies for the
exemption under Regulation E. It is
estimated that approximately ten issuers
file notifications, together with attached
offering circulars, on Form 1–E with the
Commission annually. The Commission
estimates that the total burden hours for
preparing these notifications would be
1,000 hours in the aggregate. Estimates
of the burden hours are made solely for
the purposes of the PRA, and are not
derived from a comprehensive or even
a representative survey or study of the
costs of SEC rules and forms.
Written comments are invited on: (a)
Whether the proposed 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: December 11, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6–21596 Filed 12–18–06; 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: Rules 8b–1 to 8b–33; SEC File No.
270–135; OMB Control No. 3235–0176
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
(‘‘OMB’’) a request for extension of the
PO 00000
Frm 00076
Fmt 4703
Sfmt 4703
76007
previously approved collection of
information discussed below.
Rules 8b–1 to 8b–33 (17 CFR 270.8b–
1 to 8b–33) under the Investment
Company Act of 1940 (15 U.S.C. 80a–1
et seq.) (the ‘‘Act’’) are the procedural
rules an investment company must
follow when preparing and filing a
registration statement. These rules were
adopted to standardize the mechanics of
registration under the Act and to
provide more specific guidance for
persons registering under the Act than
the information contained in the statute.
For the most part, these procedural rules
do not require the disclosure of
information. Two of the rules, however,
require limited disclosure of
information.1 The information required
by the rules is necessary to ensure that
investors have clear and complete
information upon which to base an
investment decision. The Commission
uses the information that investment
companies provide on registration
statements in its regulatory, disclosure
review, inspection and policy-making
roles. The respondents to the collection
of information are investment
companies filing registration statements
under the Act.
The Commission does not estimate
separately the total annual reporting and
recordkeeping burden associated with
rules 8b–1 to 8b–33 because the burden
associated with these rules are included
in the burden estimates the Commission
submits for the investment company
registration statement forms (e.g., Form
N–1A, Form N–2, Form N–3, and Form
N–4). For example, a mutual fund that
prepares a registration statement on
Form N–1A must comply with the rules
under section 8(b), including rules on
riders, amendments, the form of the
registration statement, and the number
of copies to be submitted. Because the
fund only incurs a burden from the
section 8(b) rules when preparing a
registration statement, it would be
impractical to measure the compliance
burden of these rules separately. The
Commission believes that including the
burden of the section 8(b) rules with the
burden estimates for the investment
company registration statement forms
provides a more accurate and complete
estimate of the total burdens associated
with the registration process.
1 Rule 8b–3 (17 CFR 270.8b–3) provides that
whenever a registration form requires the title of
securities to be stated, the registrant must indicate
the type and general character of the securities to
be issued. Rule 8b–22 (17 CFR 270.8b–22) provides
that if the existence of control is open to reasonable
doubt, the registrant may disclaim the existence of
control, but it must state the material facts pertinent
to the possible existence of control.
E:\FR\FM\19DEN1.SGM
19DEN1
]]>Agencies
[Federal Register Volume 71, Number 243 (Tuesday, December 19, 2006)]
[Notices]
[Page 76007]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-21596]
-----------------------------------------------------------------------
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
20549-0004.
Extension: Form 1-E, Regulation E; SEC File No. 270-221; OMB Control
No. 3235-0232.
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'') is soliciting comments on the collections
of information summarized below. The Commission plans to submit the
existing collection of information of the Office of Management and
Budget (``OMB'') for extension and approval.
Form 1-E (17 CFR 239.200) under the Securities Act of 1933 (15
U.S.C. 77a et seq.) (``Securities Act'') is the form that a small
business investment company (``SBIC'') or business development company
(``BDC'') uses to notify the Commission that it is claiming an
exemption under Regulation E from registering its securities under the
Securities Act. Rule 605 of Regulation E (17 CFR 230.605) under the
Securities Act requires an SBIC or BDC claiming such an exemption to
file an offering circular with the Commission that must also be
provided to persons to whom an offer is made. Form 1-E requires an
issuer to provide the names and addresses of the issuer, its
affiliates, directors, officers, and counsel; a description of events
which would make the exemption unavailable; the jurisdiction in which
the issuer intends to offer its securities; information about
unregistered securities issued or sold by the issuer within one year
before filing the notification on Form 1-E; information as to whether
the issuer is presently offering or contemplating offering any other
securities; and exhibits, including copies of the rule 605 offering
circular and any underwriting contracts.
The Commission uses the information provided in the notification on
Form 1-E and the offering circular to determine whether an offering
qualifies for the exemption under Regulation E. It is estimated that
approximately ten issuers file notifications, together with attached
offering circulars, on Form 1-E with the Commission annually. The
Commission estimates that the total burden hours for preparing these
notifications would be 1,000 hours in the aggregate. Estimates of the
burden hours are made solely for the purposes of the PRA, and are not
derived from a comprehensive or even a representative survey or study
of the costs of SEC rules and forms.
Written comments are invited on: (a) Whether the proposed
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: December 11, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-21596 Filed 12-18-06; 8:45 am]
BILLING CODE 8011-01-P
