Submission for OMB Review; Comment Request, 56804-56805 [E7-19547]

Download as PDF 56804 Federal Register / Vol. 72, No. 192 / Thursday, October 4, 2007 / Notices discuss pre-decisional documents pursuant to 5 U.S.C. 552b(c)(9)(B). Further information regarding topics to be discussed, whether the meeting has been canceled or rescheduled, as well as the Chairman’s ruling on requests for the opportunity to present oral statements and the time allotted therefore can be obtained by contacting Dr. Dias. ACNW&M meeting agenda, meeting transcripts, and letter reports are available through the NRC Public Document Room at pdr@nrc.gov, or by calling the PDR at 1–800–397–4209, or from the Publicly Available Records System (PARS) component of NRC’s document system (ADAMS) which is accessible from the NRC Web site at http://www.nrc.gov/reading-rm/ adams.html or http://www.nrc.gov/ reading-rm/doc-collections/acnw (ACNW&M schedules and agendas). Video teleconferencing service is available for observing open sessions of ACNW&M meetings. Those wishing to use this service for observing ACNW&M meetings should contact Mr. Theron Brown, ACRS/ACNW&M Audio Visual Assistant (301–415–8066), between 7:30 a.m. and 3:45 p.m., (ET), at least 10 days before the meeting to ensure the availability of this service. Individuals or organizations requesting this service will be responsible for telephone line charges and for providing the equipment and facilities that they use to establish the video teleconferencing link. The availability of video teleconferencing services is not guaranteed. Dated: September 28, 2007. Annette L. Vietti-Cook, Secretary of the Commission. [FR Doc. E7–19618 Filed 10–3–07; 8:45 am] BILLING CODE 7590–01–P SECURITIES AND EXCHANGE COMMISSION pwalker on PROD1PC71 with NOTICES Submission for OMB Review; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213 Extension: Form N–8F, SEC File No. 270–136, OMB Control No. 3235–0157 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 VerDate Aug<31>2005 16:20 Oct 03, 2007 Jkt 214001 (‘‘OMB’’) a request for extension of the previously approved collection of information discussed below. Form N–8F (17 CFR 274.218) is the form prescribed for use by registered investment companies in certain circumstances to request orders of the Commission declaring that the registration of that investment company cease to be in effect. The form requests, from investment companies seeking a deregistration order, information about (i) the investment company’s identity, (ii) the investment company’s distributions, (iii) the investment company’s assets and liabilities, (iv) the events leading to the request to deregister, and (v) the conclusion of business. The information is needed by the Commission to determine whether an order of deregistration is appropriate. The Form takes approximately 3 hours on average to complete. It is estimated that approximately 251 investment companies file Form N–8F annually, so that the total annual burden for the form is estimated to be 753 hours. 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. The collection of information on Form N–8F is not mandatory. The information provided on Form N–8F 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. 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 e-mail to: Alexander_T._Hunt@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, Virginia, 22312; or send an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: September 27, 2007. Florence E. Harmon, Deputy Secretary. [FR Doc. E7–19546 Filed 10–3–07; 8:45 am] BILLING CODE 8011–01–P PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 SECURITIES AND EXCHANGE COMMISSION Submission for OMB Review; Comment Request Upon Written Request, Copy Available From: Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213 Extension: Form S–6, SEC File No. 270–181, OMB Control No. 3235–0184 Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) (‘‘Paperwork Reduction Act’’), the Securities and Exchange Commission (‘‘Commission’’) has submitted to the Office of Management and Budget (‘‘OMB’’) a request for extension of the previously approved collection of information discussed below. The title for the collection of information is ‘‘Form S–6 (17 CFR 239.16), for Registration under the Securities Act of 1933 of Securities of Unit Investment Trusts Registered on Form N–8B–2 (17 CFR 274.13).’’ Unit investment trusts offering their securities to the public are required by two separate statutes to file registration statements with the Commission. They are required to register their securities under the Securities Act of 1933 (15 U.S.C. 77a et seq.) (‘‘Securities Act’’), and to register as investment companies under the Investment Company Act of 1940 (15 U.S.C. 80a–1 et seq.) (‘‘Investment Company Act’’). Form S–6 is used for registration under the Securities Act of the securities of any unit investment trust that is registered under the Investment 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 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. E:\FR\FM\04OCN1.SGM 04OCN1 pwalker on PROD1PC71 with NOTICES Federal Register / Vol. 72, No. 192 / Thursday, October 4, 2007 / Notices 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 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. 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: Alexander_T._Hunt@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief Information Officer, Securities and Exchange Commission, C/O Shirley Martinson, 6432 General Green Way, VerDate Aug<31>2005 16:20 Oct 03, 2007 Jkt 214001 Alexandria, Virginia, 22312; or send an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: September 27, 2007. Florence E. Harmon, Deputy Secretary. [FR Doc. E7–19547 Filed 10–3–07; 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 Investor Education and Advocacy, 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 (‘‘Commission’’) has submitted to the Office of Management and Budget (‘‘OMB’’) a request for approval of the collection of information discussed below. 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 PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 56805 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 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 E:\FR\FM\04OCN1.SGM 04OCN1

Agencies

[Federal Register Volume 72, Number 192 (Thursday, October 4, 2007)]
[Notices]
[Pages 56804-56805]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-19547]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

Upon Written Request, Copy Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213

Extension:
    Form S-6, SEC File No. 270-181, OMB Control No. 3235-0184

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) (``Paperwork Reduction Act''), the 
Securities and Exchange Commission (``Commission'') has submitted to 
the Office of Management and Budget (``OMB'') a request for extension 
of the previously approved collection of information discussed below.
    The title for the collection of information is ``Form S-6 (17 CFR 
239.16), for Registration under the Securities Act of 1933 of 
Securities of Unit Investment Trusts Registered on Form N-8B-2 (17 CFR 
274.13).'' Unit investment trusts offering their securities to the 
public are required by two separate statutes to file registration 
statements with the Commission. They are required to register their 
securities under the Securities Act of 1933 (15 U.S.C. 77a et seq.) 
(``Securities Act''), and to register as investment companies under the 
Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) (``Investment 
Company Act'').
    Form S-6 is used for registration under the Securities Act of the 
securities of any unit investment trust that is registered under the 
Investment 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

[[Page 56805]]

statement but not required to appear in the prospectus.
---------------------------------------------------------------------------

    \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.
---------------------------------------------------------------------------

    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 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.
    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: Alexander--T.--
Hunt@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, Virginia, 22312; or send an e-mail 
to: PRA--Mailbox@sec.gov. Comments must be submitted to OMB within 30 
days of this notice.

     Dated: September 27, 2007.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E7-19547 Filed 10-3-07; 8:45 am]
BILLING CODE 8011-01-P