Submission for OMB Review; Comment Request, 19985 [E7-7490]
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Federal Register / Vol. 72, No. 76 / Friday, April 20, 2007 / Notices
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: April 12, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–7488 Filed 4–19–07; 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 17a–12; SEC File No. 270–442; OMB
Control No. 3235–0498.
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.
also enable the Commission to review
the business activities of OTC
derivatives dealers and to anticipate,
where possible, how these dealers may
be affected by significant economic
events.
The staff estimates that that the
average amount of time necessary to
prepare and file the information
required by Rule 17a–12 is 180 hours
per OTC derivatives dealer annually: an
average of twenty hours preparing each
of four quarterly reports and an
additional 100 hours for the annual
audit. Five entities are presently
registered as OTC derivatives dealers
and the staff does not expect that any
additional OTC derivatives dealers will
become registered within the next three
years. Thus the total burden is estimated
to be 900 hours annually (180 times 5
equals 900).
General comments regarding the
estimated burden hours 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
send 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,
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: April 16, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–7490 Filed 4–19–07; 8:45 am]
sroberts on PROD1PC70 with NOTICES
• Rule17a–12, Reports To Be Made by
Certain OTC Derivatives Dealers
BILLING CODE 8010–01–P
Rule17a–12 (17 CFR 240.17a–12)
under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) requires
OTC derivatives dealers to file quarterly
Financial and Operational Combined
Uniform Single Reports (‘‘FOCUS’’
reports) on Part IIB of Form X–17A–5,1
the basic document for reporting the
financial and operational condition of
OTC derivatives dealers. Rule 17a–12
also requires that OTC derivatives
dealers file audited financial statements
annually. The reports required under
Rule 17a–12 provide the Commission
with information used to monitor the
operations of OTC derivatives dealers
and to enforce their compliance with
the Commission’s rules. These reports
SECURITIES AND EXCHANGE
COMMISSION
1 Form
X–17A–5 (17 CFR 249.617).
VerDate Aug<31>2005
18:52 Apr 19, 2007
Jkt 211001
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 23c–3 and Form N–23c–3; SEC File
No. 270–373; OMB Control No. 3235–
0422.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 350 et. seq.), the Securities
and Exchange Commission (the
‘‘Commission’’) has submitted to the
PO 00000
Frm 00110
Fmt 4703
Sfmt 4703
19985
Office of Management and Budget
(‘‘OMB’’) a request for extension and
approval of the collections of
information discussed below.
Rule 23c–3 (17 CFR 270.23c–3) under
the Investment Company Act of 1940
(15 U.S.C. 80a–1 et seq.) is entitled:
‘‘Repurchase of Securities of Closed-End
Companies.’’ The rule permits certain
closed-end investment companies
(‘‘closed-end funds’’ or ‘‘funds’’)
periodically to offer to repurchase from
shareholders a limited number of shares
at net asset value. The rule includes
several reporting and recordkeeping
requirements. The fund must send
shareholders a notification that contains
specified information each time the
fund makes a repurchase offer (on a
quarterly, semi-annual, or annual basis,
or for certain funds, on a discretionary
basis not more often than every two
years). The fund also must file copies of
the shareholder notification with the
Commission (electronically through the
Commission’s Electronic Data
Gathering, Analysis, and Retrieval
System (‘‘EDGAR’’)) attached to Form
N–23c–3 (17 CFR 274.221), a cover
sheet that provides limited information
about the fund and the type of offer the
fund is making.1 The fund must
describe in its annual report to
shareholders the fund’s policy
concerning repurchase offers and the
results of any repurchase offers made
during the reporting period. The fund’s
board of directors must adopt written
procedures designed to ensure that the
fund’s investment portfolio is
sufficiently liquid to meet its repurchase
obligations and other obligations under
the rule. The board periodically must
review the composition of the fund’s
portfolio and change the liquidity
procedures as necessary. The fund also
must file copies of advertisements and
other sales literature with the
Commission as if it were an open-end
investment company subject to section
24 of the Investment Company Act (15
U.S.C. 80a–24) and the rules that
implement section 24.2
The requirement that the fund send a
notification to shareholders of each offer
is intended to ensure that a fund
provides material information to
shareholders about the terms of each
offer, which may differ from previous
1 Form N–23c–3 requires the fund to state its
registration number, its full name and address, the
date of the accompanying shareholder notification,
and the type of offer being made (periodic,
discretionary, or both).
2 Rule 24b–3 under the Investment Company Act
(17 CFR 270.24b–3), however, would generally
exempt the fund from that requirement when the
materials are filed instead with the NASD, as nearly
always occurs under NASD procedures, which
apply to the underwriter of every fund.
E:\FR\FM\20APN1.SGM
20APN1
]]>Agencies
[Federal Register Volume 72, Number 76 (Friday, April 20, 2007)]
[Notices]
[Page 19985]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-7490]
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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 17a-12; SEC File No. 270-442; OMB Control No. 3235-0498.
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.
Rule17a-12, Reports To Be Made by Certain OTC Derivatives
Dealers
Rule17a-12 (17 CFR 240.17a-12) under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) requires OTC derivatives dealers to file
quarterly Financial and Operational Combined Uniform Single Reports
(``FOCUS'' reports) on Part IIB of Form X-17A-5,\1\ the basic document
for reporting the financial and operational condition of OTC
derivatives dealers. Rule 17a-12 also requires that OTC derivatives
dealers file audited financial statements annually. The reports
required under Rule 17a-12 provide the Commission with information used
to monitor the operations of OTC derivatives dealers and to enforce
their compliance with the Commission's rules. These reports also enable
the Commission to review the business activities of OTC derivatives
dealers and to anticipate, where possible, how these dealers may be
affected by significant economic events.
---------------------------------------------------------------------------
\1\ Form X-17A-5 (17 CFR 249.617).
---------------------------------------------------------------------------
The staff estimates that that the average amount of time necessary
to prepare and file the information required by Rule 17a-12 is 180
hours per OTC derivatives dealer annually: an average of twenty hours
preparing each of four quarterly reports and an additional 100 hours
for the annual audit. Five entities are presently registered as OTC
derivatives dealers and the staff does not expect that any additional
OTC derivatives dealers will become registered within the next three
years. Thus the total burden is estimated to be 900 hours annually (180
times 5 equals 900).
General comments regarding the estimated burden hours 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 send 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, 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: April 16, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-7490 Filed 4-19-07; 8:45 am]
BILLING CODE 8010-01-P
