Proposed Collection; Comment Request, 11406-11407 [E7-4462]
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Federal Register / Vol. 72, No. 48 / Tuesday, March 13, 2007 / Notices
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size ($345.5 billion 6 divided by
$126,202),7 for a total of 2,737,675
clients. Additionally, an average
number of new accounts opened each
year can be estimated by dividing the
average annual increase in account
assets in 2003 through 2006, by the
average account size ($57.7 billion
divided by $126,202), for an average
annual number of new accounts of
457,204.8
The Commission staff estimates that
each program sponsor spends
approximately 1.25 hours annually in
preparing, conducting and/or reviewing
interviews for each new client; 30
minutes annually preparing, conducting
and/or reviewing annual interviews for
each continuing client; and one hour
preparing and mailing quarterly account
activity statements, including the notice
to update information to each client.
Based on the foregoing, the Commission
staff therefore estimates the total annual
burden of the rule’s paperwork
requirements for all program sponsors to
be 4,449,415.5 hours. This represents a
decrease of 2,063,087 hours from the
prior estimate of 6,512,502.5 hours. The
decrease results from a change in the
method of computation for the number
of clients that participate in these
investment advisory programs.
Previously, we have computed the
number of clients based on the
minimum account requirement for
participation in these programs. For this
estimate we computed the number of
clients based on the industry average
account size in these programs resulting
in a decrease in the estimated number
of clients in these investment advisory
programs.
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 and
forms.
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
6 See Cerulli Associates, The Cerulli Edge:
Managed Accounts Edition, Advisors Issue 10 (3d
quarter 2006).
7 Id. at 13.
8 The requirement for initial client contact and
evaluation is not a recurring obligation, but only
occurs when the account is opened. The estimated
annual hourly burden is based on the average
number of new accounts opened each year.
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14:58 Mar 12, 2007
Jkt 211001
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: March 5, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–4459 Filed 3–12–07; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copy Available
From: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension:
Form N–5, SEC File No. 270–172, OMB
Control No. 3235–0169.
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 collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget (‘‘OMB’’) for
extension and approval.
Form N–5 (17 CFR 239.24 and
274.5)—Registration Statement of Small
Business Investment Companies Under
the Securities Act of 1933 (15 U.S.C. 77a
et seq.) and the Investment Company
Act of 1940 (15 U.S.C. 80a-1 et seq.)
Form N–5 is the integrated registration
statement form adopted by the
Commission for use by a small business
investment company which has been
licensed as such under the Small
Business Investment Act of 1958 and
has been notified by the Small Business
Administration that the company may
submit a license application, to register
its securities under the Securities Act of
1933 (‘‘Securities Act’’), and to register
as an investment company under
section 8 of the Investment Company
Act of 1940 (‘‘Investment Company
PO 00000
Frm 00087
Fmt 4703
Sfmt 4703
Act’’). The purpose of registration under
the Securities Act is to ensure that
investors are provided with material
information concerning securities
offered for public sale that will permit
investors to make informed decisions
regarding such securities. The
Commission staff reviews the
registration statements for the adequacy
and accuracy of the disclosure
contained therein. Without Form N–5,
the Commission would be unable to
carry out the requirements of the
Securities Act and the Investment
Company Act for registration of small
business investment companies. The
respondents to the collection of
information are small business
investment companies seeking to
register under the Investment Company
Act and to register their securities for
sale to the public under the Securities
Act. The estimated number of
respondents is one and the proposed
frequency of response is annually. The
estimate of the total annual reporting
burden of the collection of information
is approximately 352 hours per
respondent, for a total of 352 hours.
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: March 5, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–4461 Filed 3–12–07; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copy Available
From: Securities and Exchange
E:\FR\FM\13MRN1.SGM
13MRN1
Federal Register / Vol. 72, No. 48 / Tuesday, March 13, 2007 / Notices
Commission, Office of Filings and
Information Services, Washington, DC
20549.
cprice-sewell on PROD1PC66 with NOTICES
Extension:
Form N–8A, SEC File No. 270–135, OMB
Control No. 3235–0175.
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 collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget (‘‘OMB’’) for
extension and approval.
Form N–8A (17 CFR 274.10)—
Notification of Registration of
Investment Companies Form N–8A is
the form that investment companies file
to notify the Commission of the
existence of active investment
companies. After an investment
company has filed its notification of
registration under section 8(a) of the
Investment Company Act of 1940 (15
U.S.C. 80a-1 et seq.) (‘‘1940 Act’’), the
company is then subject to the
provisions of the 1940 Act which govern
certain aspects of its organization and
activities, such as the composition of its
board of directors and the issuance of
senior securities. Form N–8A requires
an investment company to provide its
name, state of organization, form of
organization, classification, if it is a
management company, the name and
address of each investment adviser of
the investment company, the current
value of its total assets and certain other
information readily available to the
investment company. If the investment
company is filing simultaneously its
notification of registration and
registration statement, Form N–8A
requires only that the registrant file the
cover page (giving its name, address and
agent for service of process) and sign the
form in order to effect registration.
The Commission uses the information
provided in the notification on Form N–
8A to determine the existence of active
investment companies and to enable the
Commission to administer the
provisions of the 1940 Act with respect
to those companies. Each year
approximately 156 investment
companies file a notification on Form
N–8A. The Commission estimates that
preparing Form N–8A requires an
investment company to spend
approximately 1 hour so that the total
burden of preparing Form N–8A for all
affected investment companies is 156
hours. Estimates of average burden
hours are made solely for the purposes
of the Paperwork Reduction Act, and are
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14:58 Mar 12, 2007
Jkt 211001
not derived from a comprehensive or
even a representative survey or study of
the costs of Commission 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 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: March 5, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–4462 Filed 3–12–07; 8:45 am]
BILLING CODE 8010–01–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.
Extension:
Form N–8B–2, SEC File No. 270–186, OMB
Control No. 3235–0186.
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 collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget (‘‘OMB’’) for
extension and approval.
Form N–8B–2 (17 CFR 274.12) is the
form used by unit investment trusts
(‘‘UITs’’) that are currently issuing
securities, including UITs that are
issuers of periodic payment plan
certificates and UITs of which a
PO 00000
Frm 00088
Fmt 4703
Sfmt 4703
11407
management investment company is the
sponsor or depositor, to comply with
the filing and disclosure requirements
imposed by section 8(b) of the
Investment Company Act of 1940 (15
U.S.C. 80a–8(b)). Form N–8B–2 requires
disclosure about the organization of a
UIT, its securities, the trustee, the
personnel and affiliated persons of the
depositor, the distribution and
redemption of securities, and financial
statements. The Commission uses the
information provided in the collection
of information to determine compliance
with section 8(b) of the Investment
Company Act.
Based on the Commission’s industry
statistics, the Commission estimates that
there would be approximately one
initial filing on Form N–8B–2 and 9
post-effective amendment filings to the
Form annually. The Commission
estimates that each registrant filing an
initial Form N–8B–2 would spend 44
hours in preparing and filing the Form
and that the total hour burden for all
initial Form N–8B–2 filings would be 44
hours. Also, the Commission estimates
that each UIT filing a post-effective
amendment to Form N–8B–2 would
spend 16 hours in preparing and filing
the amendment and that the total hour
burden for all post-effective
amendments to the Form would be 144
hours. By combining the total hour
burdens estimated for initial Form N–
8B–2 filings and post-effective
amendments filings to the Form, the
Commission estimates that the total
annual burden hours for all registrants
on Form N–8B–2 would be 188.
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.
The information provided on Form
N–8B–2 is mandatory. The information
provided on Form N–8B–2 will not be
kept confidential. The Commission 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.
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
E:\FR\FM\13MRN1.SGM
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]]>Agencies
[Federal Register Volume 72, Number 48 (Tuesday, March 13, 2007)]
[Notices]
[Pages 11406-11407]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-4462]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copy Available From: Securities and Exchange
[[Page 11407]]
Commission, Office of Filings and Information Services, Washington, DC
20549.
Extension:
Form N-8A, SEC File No. 270-135, OMB Control No. 3235-0175.
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 collection of
information summarized below. The Commission plans to submit this
existing collection of information to the Office of Management and
Budget (``OMB'') for extension and approval.
Form N-8A (17 CFR 274.10)--Notification of Registration of
Investment Companies Form N-8A is the form that investment companies
file to notify the Commission of the existence of active investment
companies. After an investment company has filed its notification of
registration under section 8(a) of the Investment Company Act of 1940
(15 U.S.C. 80a-1 et seq.) (``1940 Act''), the company is then subject
to the provisions of the 1940 Act which govern certain aspects of its
organization and activities, such as the composition of its board of
directors and the issuance of senior securities. Form N-8A requires an
investment company to provide its name, state of organization, form of
organization, classification, if it is a management company, the name
and address of each investment adviser of the investment company, the
current value of its total assets and certain other information readily
available to the investment company. If the investment company is
filing simultaneously its notification of registration and registration
statement, Form N-8A requires only that the registrant file the cover
page (giving its name, address and agent for service of process) and
sign the form in order to effect registration.
The Commission uses the information provided in the notification on
Form N-8A to determine the existence of active investment companies and
to enable the Commission to administer the provisions of the 1940 Act
with respect to those companies. Each year approximately 156 investment
companies file a notification on Form N-8A. The Commission estimates
that preparing Form N-8A requires an investment company to spend
approximately 1 hour so that the total burden of preparing Form N-8A
for all affected investment companies is 156 hours. Estimates of
average burden hours are made solely for the purposes of the Paperwork
Reduction Act, and are not derived from a comprehensive or even a
representative survey or study of the costs of Commission 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 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: March 5, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-4462 Filed 3-12-07; 8:45 am]
BILLING CODE 8010-01-P
