Proposed Collection; Comment Request, 41533-41534 [E7-14630]
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Federal Register / Vol. 72, No. 145 / Monday, July 30, 2007 / Notices
mstockstill on PROD1PC66 with NOTICES
Company Act on Form N–8B–2.1 A
separate registration statement under
the Securities Act must be filed for each
series of units issued by the trust. Form
S–6 consists of, among other things, a
prospectus, certain written consents, an
undertaking to file supplementary
information, and certain exhibits
containing financial and other
information required in the registration
statement but not required to appear in
the prospectus.
Section 10(a)(3) of the Securities Act
(15 U.S.C. 77j(a)(3)) provides, in
pertinent part, that when a prospectus is
used more than nine months after the
effective date of the registration
statement, the information contained
therein shall be as of a date not more
than sixteen months prior to such use.
As a result, most unit investment trusts
that are registered under the Investment
Company Act on Form N–8B–2 update
their registration statements on Form S–
6 on an annual basis so that their
sponsors may continue to maintain a
secondary market in the units.
The purpose of the registration
statement on Form S–6 is to provide
disclosure of financial and other
information that investors may use to
make informed decisions regarding the
merits of the securities offered for sale.
To that end, unit investment trusts that
are registered under the Investment
Company Act on Form N–8B–2 must
furnish to investors a prospectus
containing pertinent information set
forth in the registration statement. The
Commission reviews registration
statements filed on Form S–6 to ensure
adequate disclosure is made to
investors.
The Commission estimates that each
year unit investment trusts file
approximately 1,353 Forms S–6. It is
estimated that preparing Form S–6
requires a unit investment trust to spend
approximately 35 hours so that the total
burden of preparing Form S–6 for all
affected unit investment trusts is 47,355
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
1 Form N–8B–2 is the form used by unit
investment trusts to register as investment
companies under the Investment Company Act
(except for unit investment trusts that are insurance
company separate accounts issuing variable annuity
or variable life insurance contracts, which instead
register on Form N–4 and Form N–6, respectively).
The form requires that certain material information
about the trust, its sponsor, its trustees, and its
operation be disclosed. The registration on Form N–
8B–2 is a one-time filing that applies to the first
series of the unit investment trust as well as any
subsequent series that is issued by the sponsor.
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22:24 Jul 27, 2007
Jkt 211001
the costs of Commission rules and
forms.
The collection of information on Form
S–6 is mandatory. The information
provided on Form S–6 is not 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.
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: July 23, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–14629 Filed 7–27–07; 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 Investor
Education and Assistance,
Washington, DC 20549–0213.
Existing Collection; New OMB Control No.:
Rule 0–4; SEC File No. 270–569; OMB
Control No. 3235–xxxx.
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’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this collection of
information to the Office of
Management and Budget (‘‘OMB’’) for
approval.
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41533
Rule 0–4 (17 CFR 275.0–4) under the
Investment Advisers Act of 1940 (‘‘Act’’
or ‘‘Advisers Act’’) (15 U.S.C. 80b–1 et
seq.) entitled ‘‘General Requirements of
Papers and Applications,’’ prescribes
general instructions for filing an
application seeking exemptive relief
with the Commission. Rule 0–4
currently requires that every application
for an order for which a form is not
specifically prescribed and which is
executed by a corporation, partnership
or other company and filed with the
Commission contain a statement of the
applicable provisions of the articles of
incorporation, bylaws or similar
documents, relating to the right of the
person signing and filing such
application to take such action on behalf
of the applicant, and a statement that all
such requirements have been complied
with and that the person signing and
filing the application is fully authorized
to do so. If such authorization is
dependent on resolutions of
stockholders, directors, or other bodies,
such resolutions must be attached as an
exhibit to or quoted in the application.
Any amendment to the application must
contain a similar statement as to the
applicability of the original statement of
authorization. When any application or
amendment is signed by an agent or
attorney, rule 0–4 requires that the
power of attorney evidencing his
authority to sign shall state the basis for
the agent’s authority and shall be filed
with the Commission. Every application
subject to rule 0–4 must be verified by
the person executing the application by
providing a notarized signature in
substantially the form specified in the
rule. Each application subject to rule 0–
4 must state the reasons why the
applicant is deemed to be entitled to the
action requested with a reference to the
provisions of the Act and rules
thereunder, the name and address of
each applicant, and the name and
address of any person to whom any
questions regarding the application
should be directed. Rule 0–4 requires
that a proposed notice of the proceeding
initiated by the filing of the application
accompany each application as an
exhibit and, if necessary, be modified to
reflect any amendment to the
application.
The requirements of rule 0–4 are
designed to provide Commission staff
with the necessary information to assess
whether granting the orders of
exemption are necessary and
appropriate in the public interest and
consistent with the protection of
investors and the intended purposes of
the Act.
Applicants for orders under the
Advisers Act can include registered
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mstockstill on PROD1PC66 with NOTICES
41534
Federal Register / Vol. 72, No. 145 / Monday, July 30, 2007 / Notices
investment advisers, affiliated persons
of registered investment advisers, and
entities seeking to avoid investment
adviser status, among others.
Commission staff estimates that it
receives approximately 9 applications
per year submitted under rule 0–4 of the
Act. Although each application
typically is submitted on behalf of
multiple applicants, the applicants in
the vast majority of cases are related
entities and are treated as a single
respondent for purposes of this analysis.
Most of the work of preparing an
application is performed by outside
counsel and, therefore, imposes no
hourly burden on respondents. The cost
outside counsel charges applicants
depends on the complexity of the issues
covered by the application and the time
required. Based on conversations with
applicants and attorneys, the cost ranges
from approximately $7,000 for
preparing a well-precedented, routine
application to approximately $80,000 to
prepare a complex or novel application.
We estimate that the Commission
receives 2 of the most time-consuming
applications annually, 4 applications of
medium difficulty, and 3 of the least
difficult applications subject to rule 0–
4. This distribution gives a total
estimated annual cost burden to
applicants of filing all applications of
$355,000 [(2 × $80,000) + (4 × $43,500)
+ (3 × $7,000)]. The estimates of annual
burden hours and costs are made solely
for the purposes of the Paperwork
Reduction Act, and are not derived from
a comprehensive or even representative
survey or study of the costs of
Commission rules and forms.
The requirements of this collection of
information are required to obtain or
retain benefits. Responses 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.
VerDate Aug<31>2005
22:24 Jul 27, 2007
Jkt 211001
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, VA, 22312 or send an email to: PRA_Mailbox@sec.gov.
Dated: July 23, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–14630 Filed 7–27–07; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–27909; File No. 812–13346]
MONY Life Insurance Company of
America, et al.; Notice of Application
July 24, 2007.
Securities and Exchange
Commission (‘‘SEC’’ or the
‘‘Commission’’).
ACTION: Notice of application for an
order pursuant to section 26(c) of the
Investment Company Act of 1940
(‘‘1940 Act’’), approving certain
substitutions of securities and for an
order of exemption pursuant to section
17(b) of the 1940 Act.
AGENCY:
MONY Life Insurance
Company of America (‘‘MLOA’’), MONY
Life Insurance Company (‘‘MONY’’),
MONY America Variable Account A
(‘‘MLOA Separate Account A’’), MONY
America Variable Account L (‘‘MLOA
Separate Account L’’) (together, ‘‘MLOA
Separate Accounts’’), MONY Variable
Account A (‘‘MONY Separate Account
A’’), MONY Variable Account L
(‘‘MONY Separate Account L’’)
(together, ‘‘MONY Separate Accounts’’),
AXA Equitable Life Insurance Company
(‘‘AXA Equitable’’), Separate Account A
of AXA Equitable (‘‘Separate Account
A’’), Separate Account FP of AXA
Equitable (‘‘Separate Account FP’’),
Separate Account I of AXA Equitable
(‘‘Separate Account I’’), Separate
Account No. 45 of AXA Equitable
(‘‘Separate Account 45’’), Separate
Account No. 49 of AXA Equitable
(‘‘Separate Account 49’’) and Separate
Account No. 301+ of AXA Equitable
(‘‘Separate Account 301+’’) (each, an
‘‘AXA Equitable Separate Account’’ and
together, ‘‘AXA Equitable Separate
Accounts’’) (collectively, the ‘‘Section
26 Applicants’’), Separate Account No.
66 of AXA Equitable (‘‘Separate
Account 66’’) and EQ Advisors Trust
(the ‘‘Trust’’) (together with the section
26 Applicants, the ‘‘section 17
Applicants’’).
APPLICANTS:
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The Section
26 Applicants request an order pursuant
to section 26(c) of the 1940 Act,
approving the proposed substitution of
shares of certain series of the Trust
(which is a registered investment
company that is an affiliate of the
Section 26 Applicants), Franklin
Templeton Variable Insurance Products
Trust (‘‘Franklin VIT’’) and Variable
Insurance Products Fund II (‘‘Fidelity
VIT’’) (together, Franklin VIT and
Fidelity VIT, the ‘‘Outside VITs’’) for
shares of other registered investment
companies unaffiliated with the section
26 Applicants (the ‘‘Substitutions’’),
each of which is currently used as an
underlying investment option for
certain variable annuity contracts and/
or variable life insurance policies issued
by the Insurance Companies
(‘‘Contracts’’).1 The section 17
Applicants also request an order
pursuant to section 17(b) of the 1940
Act exempting them from section 17(a)
of the 1940 Act to the extent necessary
to permit partly in-kind redemptions of
securities issued by certain Removed
Portfolios (as defined herein) and
purchases of securities issued by certain
Replacement Portfolios (as defined
herein) (the ‘‘In-Kind Transactions’’) in
connection with the Substitutions.
FILING DATE: The application was filed
on November 22, 2006, and amended on
July 20, 2007. Applicants have agreed to
file an amendment during the notice
period, the substance of which is
contained in this notice.
HEARING OR NOTIFICATION OF HEARING:
An order granting the application will
be issued unless the Commission orders
a hearing. Interested persons may
request a hearing by writing to the
Secretary of the Commission and
serving Applicants with a copy of the
request, personally or by mail. Hearing
requests should be received by the
Commission by 5:30 p.m. on August 16,
2007, and should be accompanied by
proof of service on Applicants in the
form of an affidavit or, for lawyers, a
certificate of service. Hearing requests
should state the nature of the requester’s
interest, the reason for the request, and
the issues contested. Persons who wish
to be notified of a hearing may request
notification by writing to the Secretary
of the Commission.
ADDRESSES: Secretary, Securities and
Exchange Commission, 100 F Street,
SUMMARY OF APPLICATION:
1 AXA Equitable, MLOA and MONY are
sometimes referred to herein collectively as the
‘‘Insurance Companies’’ and individually as an
‘‘Insurance Company.’’ The MLOA Separate
Accounts, MONY Separate Accounts and AXA
Equitable Separate Accounts are sometimes referred
to herein collectively as the ‘‘Separate Accounts’’
and individually as a ‘‘Separate Account.’’
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]]>Agencies
[Federal Register Volume 72, Number 145 (Monday, July 30, 2007)]
[Notices]
[Pages 41533-41534]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-14630]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Assistance, Washington, DC
20549-0213.
Existing Collection; New OMB Control No.:
Rule 0-4; SEC File No. 270-569; OMB Control No. 3235-xxxx.
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'') is soliciting comments on the collection of
information summarized below. The Commission plans to submit this
collection of information to the Office of Management and Budget
(``OMB'') for approval.
Rule 0-4 (17 CFR 275.0-4) under the Investment Advisers Act of 1940
(``Act'' or ``Advisers Act'') (15 U.S.C. 80b-1 et seq.) entitled
``General Requirements of Papers and Applications,'' prescribes general
instructions for filing an application seeking exemptive relief with
the Commission. Rule 0-4 currently requires that every application for
an order for which a form is not specifically prescribed and which is
executed by a corporation, partnership or other company and filed with
the Commission contain a statement of the applicable provisions of the
articles of incorporation, bylaws or similar documents, relating to the
right of the person signing and filing such application to take such
action on behalf of the applicant, and a statement that all such
requirements have been complied with and that the person signing and
filing the application is fully authorized to do so. If such
authorization is dependent on resolutions of stockholders, directors,
or other bodies, such resolutions must be attached as an exhibit to or
quoted in the application. Any amendment to the application must
contain a similar statement as to the applicability of the original
statement of authorization. When any application or amendment is signed
by an agent or attorney, rule 0-4 requires that the power of attorney
evidencing his authority to sign shall state the basis for the agent's
authority and shall be filed with the Commission. Every application
subject to rule 0-4 must be verified by the person executing the
application by providing a notarized signature in substantially the
form specified in the rule. Each application subject to rule 0-4 must
state the reasons why the applicant is deemed to be entitled to the
action requested with a reference to the provisions of the Act and
rules thereunder, the name and address of each applicant, and the name
and address of any person to whom any questions regarding the
application should be directed. Rule 0-4 requires that a proposed
notice of the proceeding initiated by the filing of the application
accompany each application as an exhibit and, if necessary, be modified
to reflect any amendment to the application.
The requirements of rule 0-4 are designed to provide Commission
staff with the necessary information to assess whether granting the
orders of exemption are necessary and appropriate in the public
interest and consistent with the protection of investors and the
intended purposes of the Act.
Applicants for orders under the Advisers Act can include registered
[[Page 41534]]
investment advisers, affiliated persons of registered investment
advisers, and entities seeking to avoid investment adviser status,
among others. Commission staff estimates that it receives approximately
9 applications per year submitted under rule 0-4 of the Act. Although
each application typically is submitted on behalf of multiple
applicants, the applicants in the vast majority of cases are related
entities and are treated as a single respondent for purposes of this
analysis. Most of the work of preparing an application is performed by
outside counsel and, therefore, imposes no hourly burden on
respondents. The cost outside counsel charges applicants depends on the
complexity of the issues covered by the application and the time
required. Based on conversations with applicants and attorneys, the
cost ranges from approximately $7,000 for preparing a well-precedented,
routine application to approximately $80,000 to prepare a complex or
novel application. We estimate that the Commission receives 2 of the
most time-consuming applications annually, 4 applications of medium
difficulty, and 3 of the least difficult applications subject to rule
0-4. This distribution gives a total estimated annual cost burden to
applicants of filing all applications of $355,000 [(2 x $80,000) + (4 x
$43,500) + (3 x $7,000)]. The estimates of annual burden hours and
costs are made solely for the purposes of the Paperwork Reduction Act,
and are not derived from a comprehensive or even representative survey
or study of the costs of Commission rules and forms.
The requirements of this collection of information are required to
obtain or retain benefits. Responses 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, VA, 22312 or
send an e-mail to: PRA--Mailbox@sec.gov.
Dated: July 23, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-14630 Filed 7-27-07; 8:45 am]
BILLING CODE 8010-01-P
