Submission for OMB Review; Comment Request, 8208-8209 [E7-3098]
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8208
Federal Register / Vol. 72, No. 36 / Friday, February 23, 2007 / Notices
organized as management investment
companies that offer annuity contracts
to provide investors with a prospectus
containing information required in a
registration statement prior to the sale or
at the time of confirmation of delivery
of securities. The form also may be used
by the Commission in its regulatory
review, inspection, and policy-making
roles.
The Commission estimates that there
are 2 initial registration statements and
30 post-effective amendments to initial
registration statements filed on Form N–
3 annually and that the average number
of portfolios referenced in each initial
filing and post-effective amendment is
2. The Commission further estimates
that the hour burden for preparing and
filing a post-effective amendment on
Form N–3 is 154.7 hours per portfolio.
The total annual hour burden for
preparing and filing post-effective
amendments is 9,282 hours (30 posteffective amendments × 2 portfolios ×
154.7 hours per portfolio). The
estimated annual hour burden for
preparing and filing initial registration
statements is 3,690.8 hours (2 initial
registration statements × 2 portfolios ×
922.7 hours per portfolio). The total
annual hour burden for Form N–3,
therefore, is estimated to be 12,972.8
hours (9,282 hours + 3,690.8 hours).
The information collection
requirements imposed by Form N–3 are
mandatory. Responses to the collection
of information 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 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 email to: PRA_Mailbox@sec.gov.
VerDate Aug<31>2005
18:00 Feb 22, 2007
Jkt 211001
February 14, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–3092 Filed 2–22–07; 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
20549–0004.
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 (the
‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
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
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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.
Compliance with the information
collection requirements of the rules is
necessary to obtain the benefit of relying
on the rules. The information provided
on Form 1–E and in the offering circular
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 OMB 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 email 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,
VA 22312; or send an e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted to OMB within 30 days of
this notice.
Dated: February 16, 2007.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E7–3097 Filed 2–22–07; 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: Rule 17f–6; SEC File No. 270–392;
OMB Control No. 3235–0447.
Notice is hereby given that, under the
Paperwork Reduction Act of 1995 (44
U.S.C. 3501–3520), the Securities and
Exchange Commission (the
‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension of the
E:\FR\FM\23FEN1.SGM
23FEN1
Federal Register / Vol. 72, No. 36 / Friday, February 23, 2007 / Notices
cprice-sewell on PROD1PC61 with NOTICES
previously approved collection of
information discussed below.
Rule 17f–6 (17 CFR 270.17f–6) under
the Investment Company Act of 1940
(15 U.S.C. 80a) permits registered
investment companies (‘‘funds’’) to
maintain assets (i.e., margin) with
futures commission merchants
(‘‘FCMs’’) in connection with
commodity transactions effected on
both domestic and foreign exchanges.
Before the rule was adopted, funds
generally were required to maintain
such assets in special accounts with a
custodian bank.1
The rule requires a written contract
that contains certain provisions
designed to ensure important safeguards
and other benefits relating to the
custody of fund assets by FCMs. To
protect fund assets, the contract must
require that FCMs comply with the
segregation or secured amount
requirements of the Commodity
Exchange Act (‘‘CEA’’) and the rules
under that statute. The contract also
must contain a requirement that FCMs
obtain an acknowledgment from any
clearing organization that the fund’s
assets are held on behalf of the FCM’s
customers according to CEA provisions.
Finally, FCMs are required to furnish to
the Commission or its staff on request
information concerning the fund’s assets
in order to facilitate Commission
inspections.
The Commission estimates that
approximately 2,275 funds effect
commodities transactions and could
deposit margin with FCMs under Rule
17f-6 in connection with those
transactions. Commission staff estimates
that each fund uses and deposits margin
with two different FCMs in connection
with its commodity transactions.2
The Commission estimates that each
of the 2,275 funds spends an average of
1 hour annually complying with the
contract requirements of the rule (i.e.,
executing contracts that contain the
requisite provisions with additional
FCMs), for a total of 2,275 burden hours.
The estimate does not include the time
required by an FCM to comply with the
rule’s contract requirements because, to
the extent that complying with the
contract provisions could be considered
‘‘collections of information,’’ the burden
hours for compliance are already
included in other PRA submissions or
1 Custody of Investment Company Assets With
Futures Commission Merchants and Commodity
Clearing Organizations, Investment Company Act
Release No. 22389 (Dec. 11, 1996) (61 FR 66207
(Dec. 17, 1996)).
2 This estimate is based on information
conversations with representatives of the fund
industry.
VerDate Aug<31>2005
15:07 Feb 22, 2007
Jkt 211001
are de minimis.3 The estimate of average
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.
Compliance with the collection of
information requirements of the rule is
necessary to obtain the benefit of relying
on the rule. If an FCM furnishes records
pertaining to a fund’s assets at the
request of the Commission or its staff,
the records will be kept confidential to
the extent permitted by relevant
statutory or regulatory provisions. The
rule does not require these records be
retained for any specific period of time.
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.
Please direct general comments
regarding the above information to the
following persons: (i) Desk Officer for
the Securities and Exchange
Commission, 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,
VA 22312; or send an email to:
PRA_Mailbox@sec.gov. Comments must
be submitted to OMB within 30 days of
this notice.
February 15, 2007.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E7–3098 Filed 2–22–07; 8:45 am]
BILLING CODE 8010–01–P
3 The rule requires a contract with the FCM to
contain three provisions. Two of the provisions
require the FCM to comply with existing
requirements under the CEA and rules adopted
under that Act. Thus, to the extent these provisions
could be considered collections of information, the
hours required for compliance would be included
in the collection of information burden hours
submitted by the Commodity Futures Trading
Commission for its rules. The third contract
provision requires that the FCM produce records or
other information requested by the Commission or
its staff. Commission staff has requested this type
of information from an FCM so infrequently in the
past that the annual burden hours are de minimis.
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Fmt 4703
Sfmt 4703
8209
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–27701; File No. 812–13272]
Wilshire Variable Insurance Trust, et
al.; Notice of Application
February 16, 2007.
Securities and Exchange
Commission (‘‘SEC’’ or ‘‘Commission’’).
ACTION: Notice of application for an
exemption pursuant to Section 6(c) of
the Investment Company Act of 1940, as
amended (the ‘‘1940 Act’’) from the
provisions of Sections 9(a), 13(a), 15(a)
and 15(b) of the Act and Rules 6e–
2(b)(15) and 6e–3(T)(b)(15) thereunder.
AGENCY:
Wilshire Variable
Insurance Trust (the ‘‘Trust’’) and
Wilshire Associates Incorporated
(‘‘Wilshire’’ and together with the Trust,
‘‘Applicants’’).
SUMMARY OF APPLICATION: Applicants
seek an order exempting them from the
provisions of Sections 9(a), 13(a), 15(a)
and 15(b) of the 1940 Act, and Rules 6e–
2(b)(15) and 6e–3(T)(b)(15) thereunder,
to the extent necessary to permit shares
of the Trust and shares of any other
investment company or portfolio that is
designed to fund insurance products
and for which Wilshire or any of its
affiliates may serve in the future as
investment adviser, manager, principal
underwriter, sponsor, or administrator
(‘‘Future Trusts’’) (the Trust, together
with Future Trusts, the ‘‘Trusts’’) to be
sold to and held by: (a) Separate
accounts funding variable annuity and
variable life insurance contracts
(collectively the ‘‘Variable Contracts’’)
issued by both affiliated and unaffiliated
life insurance companies; (b) trustees of
qualified group pension and group
retirement plans (‘‘Qualified Plans’’)
outside of the separate account context;
(c) separate accounts that are not
registered as investment companies
under the 1940 Act pursuant to
exemptions from registration under
Section 3(c) of the 1940 Act; (d)
Wilshire and any affiliate of Wilshire
that serves as an investment adviser,
manager, principal underwriter, sponsor
or administrator for the purpose of
providing seed capital (collectively,
‘‘Wilshire Entities’’); (e) any other
insurance company general accounts
permitted to hold shares of the Trusts
pursuant to Treasury Regulation Section
1.817–5 (‘‘General Accounts’’).
FILING DATE: The application was filed
on April 4, 2006 and amended on
November 1, 2006.
HEARING OR NOTIFICATION OF HEARING:
An order granting the application will
be issued unless the Commission orders
APPLICANTS:
E:\FR\FM\23FEN1.SGM
23FEN1
]]>Agencies
[Federal Register Volume 72, Number 36 (Friday, February 23, 2007)]
[Notices]
[Pages 8208-8209]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-3098]
-----------------------------------------------------------------------
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 17f-6; SEC File No. 270-392; OMB Control No. 3235-
0447.
Notice is hereby given that, under the Paperwork Reduction Act of
1995 (44 U.S.C. 3501-3520), the Securities and Exchange Commission (the
``Commission'') has submitted to the Office of Management and Budget
(``OMB'') a request for extension of the
[[Page 8209]]
previously approved collection of information discussed below.
Rule 17f-6 (17 CFR 270.17f-6) under the Investment Company Act of
1940 (15 U.S.C. 80a) permits registered investment companies
(``funds'') to maintain assets (i.e., margin) with futures commission
merchants (``FCMs'') in connection with commodity transactions effected
on both domestic and foreign exchanges. Before the rule was adopted,
funds generally were required to maintain such assets in special
accounts with a custodian bank.\1\
---------------------------------------------------------------------------
\1\ Custody of Investment Company Assets With Futures Commission
Merchants and Commodity Clearing Organizations, Investment Company
Act Release No. 22389 (Dec. 11, 1996) (61 FR 66207 (Dec. 17, 1996)).
---------------------------------------------------------------------------
The rule requires a written contract that contains certain
provisions designed to ensure important safeguards and other benefits
relating to the custody of fund assets by FCMs. To protect fund assets,
the contract must require that FCMs comply with the segregation or
secured amount requirements of the Commodity Exchange Act (``CEA'') and
the rules under that statute. The contract also must contain a
requirement that FCMs obtain an acknowledgment from any clearing
organization that the fund's assets are held on behalf of the FCM's
customers according to CEA provisions. Finally, FCMs are required to
furnish to the Commission or its staff on request information
concerning the fund's assets in order to facilitate Commission
inspections.
The Commission estimates that approximately 2,275 funds effect
commodities transactions and could deposit margin with FCMs under Rule
17f-6 in connection with those transactions. Commission staff estimates
that each fund uses and deposits margin with two different FCMs in
connection with its commodity transactions.\2\
---------------------------------------------------------------------------
\2\ This estimate is based on information conversations with
representatives of the fund industry.
---------------------------------------------------------------------------
The Commission estimates that each of the 2,275 funds spends an
average of 1 hour annually complying with the contract requirements of
the rule (i.e., executing contracts that contain the requisite
provisions with additional FCMs), for a total of 2,275 burden hours.
The estimate does not include the time required by an FCM to comply
with the rule's contract requirements because, to the extent that
complying with the contract provisions could be considered
``collections of information,'' the burden hours for compliance are
already included in other PRA submissions or are de minimis.\3\ The
estimate of average 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.
---------------------------------------------------------------------------
\3\ The rule requires a contract with the FCM to contain three
provisions. Two of the provisions require the FCM to comply with
existing requirements under the CEA and rules adopted under that
Act. Thus, to the extent these provisions could be considered
collections of information, the hours required for compliance would
be included in the collection of information burden hours submitted
by the Commodity Futures Trading Commission for its rules. The third
contract provision requires that the FCM produce records or other
information requested by the Commission or its staff. Commission
staff has requested this type of information from an FCM so
infrequently in the past that the annual burden hours are de
minimis.
---------------------------------------------------------------------------
Compliance with the collection of information requirements of the
rule is necessary to obtain the benefit of relying on the rule. If an
FCM furnishes records pertaining to a fund's assets at the request of
the Commission or its staff, the records will be kept confidential to
the extent permitted by relevant statutory or regulatory provisions.
The rule does not require these records be retained for any specific
period of time. 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.
Please direct general comments regarding the above information to
the following persons: (i) Desk Officer for the Securities and Exchange
Commission, 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, VA 22312; or send an
email to: PRA--Mailbox@sec.gov. Comments must be submitted to OMB
within 30 days of this notice.
February 15, 2007.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E7-3098 Filed 2-22-07; 8:45 am]
BILLING CODE 8010-01-P
