Proposed Collection, Comment Request, 65992 [E7-22927]
Download as PDF
<![CDATA[
65992
Federal Register / Vol. 72, No. 226 / Monday, November 26, 2007 / Notices
assistance to troubled plans. Employers
and unions use the information to
decide whether additional plan
contributions will be made to avoid the
insolvency and consequent benefit
suspensions. Plan participants and
beneficiaries use the information in
personal financial decisions.
PBGC estimates that 1 plan sponsor of
an ongoing plan gives notices each year
under this regulation. The estimated
annual burden of the collection of
information is 1 hour and $4,741.
11. Duties of Plan Sponsor Following
Mass Withdrawal (29 CFR Part 4281)
(OMB Control Number 1212–0032)
mstockstill on PROD1PC66 with NOTICES
Section 4281 of ERISA provides rules
for plans that have terminated by mass
withdrawal. Under section 4281, if
nonforfeitable benefits exceed plan
assets, the plan sponsor must amend the
plan to reduce benefits. If the plan
nevertheless becomes insolvent, the
plan sponsor must suspend certain
benefits that cannot be paid. If available
resources are inadequate to pay
guaranteed benefits, the plan sponsor
must request financial assistance from
PBGC.
The regulation requires a plan
sponsor to give notices of benefit
reduction, notices of insolvency and
annual updates, and notices of
insolvency benefit level to PBGC and to
participants and beneficiaries and, if
necessary, to apply to PBGC for
financial assistance.
PBGC uses the information it receives
to make determinations required by
ERISA, to identify and estimate the cash
needed for financial assistance to
terminated plans, and to verify the
appropriateness of financial assistance
payments. Plan participants and
beneficiaries use the information to
make personal financial decisions.
PBGC estimates that plan sponsors of
terminated plans each year give benefit
reduction notices for 2 plans and give
notices of insolvency benefit level and
annual updates, and submit requests for
financial assistance, for 28 plans. Of
those 28 plans, PBGC estimates that
plan sponsors each year give notices of
insolvency for 4 plans. The estimated
annual burden of the collection of
information is one hour and $701,574.
Issued in Washington, DC, this 20th day of
November, 2007.
John H. Hanley,
Director, Legislative and Regulatory
Department, Pension Benefit Guaranty
Corporation.
[FR Doc. E7–22956 Filed 11–23–07; 8:45 am]
BILLING CODE 7709–01–P
VerDate Aug<31>2005
22:03 Nov 23, 2007
Jkt 214001
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection, Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Rule 203–2 and Form ADV–W; SEC File
No. 270–40; OMB Control No. 3235–
0313.
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 for extension
and approval.
The title for the collection of
information is ‘‘Rule 203–2 (17 CFR
275.203–2) and Form ADV–W (17 CFR
279.2) under the Investment Advisers
Act of 1940 (15 U.S.C. 80b).’’ Rule 203–
2 under the Investment Advisers Act of
1940 establishes procedures for an
investment adviser to withdraw its
registration with the Commission. Rule
203–2 requires every person
withdrawing from investment adviser
registration with the Commission to file
Form ADV–W electronically on the
Investment Adviser Registration
Depository (‘‘IARD’’). The purpose of
the information collection is to notify
the Commission and the public when an
investment adviser withdraws its
pending or approved SEC registration.
Typically, an investment adviser files a
Form ADV–W when it ceases doing
business or when it is ineligible to
remain registered with the Commission.
The respondents to the collection of
information are all investment advisers
that are registered with the Commission
or have applications pending for
registration. The Commission has
estimated that compliance with the
requirement to complete Form ADV–W
imposes a total burden of approximately
0.75 hours (45 minutes) for an adviser
filing for full withdrawal and
approximately 0.25 hours (15 minutes)
for an adviser filing for partial
withdrawal. Based on historical filings,
the Commission estimates that there are
approximately 500 respondents
annually filing for full withdrawal and
approximately 500 respondents
annually filing for partial withdrawal.
Based on these estimates, the total
estimated annual burden would be 500
PO 00000
Frm 00056
Fmt 4703
Sfmt 4703
hours ((500 respondents × .75 hours) +
(500 respondents × .25 hours)).
Rule 203–2 and Form ADV–W do not
require recordkeeping or records
retention. The collection of information
requirements under the rule and form
are mandatory. The information
collected pursuant to the rule and Form
ADV–W are filings with the
Commission. These filings are 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 control number.
Written comments are invited on: (a)
Whether the documentation 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
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 email to: PRA_Mailbox@sec.gov.
Dated: November 13, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–22927 Filed 11–23–07; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold the following
meetings during the week of November
26, 2007:
An Open Meeting will be held on
Wednesday, November 28, 2007 at 10
a.m., in Room L–002, the Auditorium,
and a Closed Meeting will be held on
Thursday, November 29, 2007 at 2 p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
E:\FR\FM\26NON1.SGM
26NON1
]]>Agencies
[Federal Register Volume 72, Number 226 (Monday, November 26, 2007)]
[Notices]
[Page 65992]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-22927]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Proposed Collection, Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Rule 203-2 and Form ADV-W; SEC File No. 270-40; OMB Control No.
3235-0313.
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 for extension and approval.
The title for the collection of information is ``Rule 203-2 (17 CFR
275.203-2) and Form ADV-W (17 CFR 279.2) under the Investment Advisers
Act of 1940 (15 U.S.C. 80b).'' Rule 203-2 under the Investment Advisers
Act of 1940 establishes procedures for an investment adviser to
withdraw its registration with the Commission. Rule 203-2 requires
every person withdrawing from investment adviser registration with the
Commission to file Form ADV-W electronically on the Investment Adviser
Registration Depository (``IARD''). The purpose of the information
collection is to notify the Commission and the public when an
investment adviser withdraws its pending or approved SEC registration.
Typically, an investment adviser files a Form ADV-W when it ceases
doing business or when it is ineligible to remain registered with the
Commission.
The respondents to the collection of information are all investment
advisers that are registered with the Commission or have applications
pending for registration. The Commission has estimated that compliance
with the requirement to complete Form ADV-W imposes a total burden of
approximately 0.75 hours (45 minutes) for an adviser filing for full
withdrawal and approximately 0.25 hours (15 minutes) for an adviser
filing for partial withdrawal. Based on historical filings, the
Commission estimates that there are approximately 500 respondents
annually filing for full withdrawal and approximately 500 respondents
annually filing for partial withdrawal. Based on these estimates, the
total estimated annual burden would be 500 hours ((500 respondents x
.75 hours) + (500 respondents x .25 hours)).
Rule 203-2 and Form ADV-W do not require recordkeeping or records
retention. The collection of information requirements under the rule
and form are mandatory. The information collected pursuant to the rule
and Form ADV-W are filings with the Commission. These filings are 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 control number.
Written comments are invited on: (a) Whether the documentation 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 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: November 13, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-22927 Filed 11-23-07; 8:45 am]
BILLING CODE 8011-01-P
