Submission for OMB Review; Comment Request, 216 [E7-25434]

Download as PDF 216 Federal Register / Vol. 73, No. 1 / Wednesday, January 2, 2008 / Notices RAILROAD RETIREMENT BOARD Correction to Agency Forms Submitted for OMB Review, Request for Comments SUMMARY: In the document appearing on page 70905, FR Doc. E7–24153, Agency Forms Submitted for OMB Review, Request for Comments dated December 13, 2007, the Railroad Retirement Board is making a correction to a sentence referencing Form RL–380–F, Report of Medicaid State Office on Beneficiary’s In Status, in the SUMMARY section. As published, the document contains an error that is misleading to the public. Correction of Publication: In the SUMMARY section, the sentence which reads ‘‘Completion of Form RL–380–F is voluntary’’, is corrected to read ‘‘Completion of Form RL–380–F is mandatory’’. Charles Mierzwa, Clearance Officer. [FR Doc. E7–25432 Filed 12–31–07; 8:45 am] BILLING CODE 7905–01–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. pwalker on PROD1PC71 with NOTICES Extension: Rule 206(4)–3; SEC File No. 270–218; OMB Control No. 3235–0242. 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. Rule 206(4)–3 (17 CFR 275.206(4)–3), which is entitled ‘‘Cash Payments for Client Solicitations,’’ provides restrictions on cash payments for client solicitations. The rule requires that an adviser pay all solicitors’ fees pursuant to a written agreement. When an adviser will provide only impersonal advisory services to the prospective client, the rule imposes no disclosure requirements. When the solicitor is affiliated with the adviser and the adviser will provide individualized services, the solicitor must, at the time of the solicitation, indicate to prospective clients that he is affiliated VerDate Aug<31>2005 19:55 Dec 31, 2007 Jkt 214001 with the adviser. When the solicitor is not affiliated with the adviser and the adviser will provide individualized services, the solicitor must, at the time of the solicitation, provide the prospective client with a copy of the adviser’s brochure and a disclosure document containing information specified in rule 206(4)–3. The information rule 206(4)–3 requires is necessary to inform advisory clients about the nature of the solicitor’s financial interest in the recommendation so they may consider the solicitor’s potential bias, and to protect investors against solicitation activities being carried out in a manner inconsistent with the adviser’s fiduciary duty to clients. Rule 206(4)–3 is applicable to all Commission registered investment advisers. The Commission believes that approximately 2,163 of these advisers have cash referral fee arrangements. The rule requires approximately 7.04 burden hours per year per adviser and results in a total of approximately 15,228 total burden hours (7.04 × 2,163) for all advisers. The disclosure requirements of rule 206(4)–3 do not require recordkeeping or record retention. The collections of information requirements under the rules are mandatory. Information subject to the disclosure requirements of rule 206(4)–3 is not submitted to the Commission. Accordingly, the disclosures pursuant to the rule 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. 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, VA 22312; or send an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: December 20, 2007. Nancy M. Morris, Secretary. [FR Doc. E7–25434 Filed 12–31–07; 8:45 am] BILLING CODE 8011–01–P PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–57041; File No. SR–NYSE– 2007–99] Self-Regulatory Organizations; New York Stock Exchange LLC; Order Granting Approval to Proposed Rule Change to Permit Issuers of IndexLinked Securities to Submit a Letter From the Issuer’s Authorized Executive Officer Rather Than Provide a Certified Copy of the Resolution Adopted By the Issuers’ Board of Directors, When the Issuers Are Voluntarily Delisting the Securities From the Exchange and Transferring the Listing to Another National Securities Exchange December 26, 2007. I. Introduction On October 31, 2007, the New York Stock Exchange LLC (‘‘NYSE’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 a proposed rule change to amend section 806.02 of the NYSE Listed Company Manual. The proposed rule change was published in the Federal Register on November 26, 2007.3 The Commission received no comments on the proposal. This order approves the proposed rule change. II. Description of the Proposal The Exchange proposes to amend section 806.02 of the Exchange’s Listed Company Manual to amend the voluntary delisting procedures by an issuer of an index-linked security. Currently, any issuer that seeks to voluntarily delist a security from the Exchange must provide the Exchange with a certified copy of the resolution adopted by the issuer’s board of directors authorizing such delisting and comply with all of the requirements of Rule 12d2–2(c) under the Act.4 Under the Exchange’s proposal, issuers of index-linked securities would no longer be required to provide a certified copy of the resolution adopted by the issuers’ board of directors, when these issuers are voluntarily delisting the securities from the Exchange and transferring the listing of the securities to another national securities exchange. Rather, an issuer who voluntarily delists 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 56812 (November 19, 2007), 72 FR 66012. 4 17 CFR 240.12d2–2(c). 2 17 E:\FR\FM\02JAN1.SGM 02JAN1

Agencies

[Federal Register Volume 73, Number 1 (Wednesday, January 2, 2008)]
[Notices]
[Page 216]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-25434]


=======================================================================
-----------------------------------------------------------------------

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.

Extension:
    Rule 206(4)-3; SEC File No. 270-218; OMB Control No. 3235-0242.

    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.
    Rule 206(4)-3 (17 CFR 275.206(4)-3), which is entitled ``Cash 
Payments for Client Solicitations,'' provides restrictions on cash 
payments for client solicitations. The rule requires that an adviser 
pay all solicitors' fees pursuant to a written agreement. When an 
adviser will provide only impersonal advisory services to the 
prospective client, the rule imposes no disclosure requirements. When 
the solicitor is affiliated with the adviser and the adviser will 
provide individualized services, the solicitor must, at the time of the 
solicitation, indicate to prospective clients that he is affiliated 
with the adviser. When the solicitor is not affiliated with the adviser 
and the adviser will provide individualized services, the solicitor 
must, at the time of the solicitation, provide the prospective client 
with a copy of the adviser's brochure and a disclosure document 
containing information specified in rule 206(4)-3. The information rule 
206(4)-3 requires is necessary to inform advisory clients about the 
nature of the solicitor's financial interest in the recommendation so 
they may consider the solicitor's potential bias, and to protect 
investors against solicitation activities being carried out in a manner 
inconsistent with the adviser's fiduciary duty to clients. Rule 206(4)-
3 is applicable to all Commission registered investment advisers. The 
Commission believes that approximately 2,163 of these advisers have 
cash referral fee arrangements. The rule requires approximately 7.04 
burden hours per year per adviser and results in a total of 
approximately 15,228 total burden hours (7.04 x 2,163) for all 
advisers.
    The disclosure requirements of rule 206(4)-3 do not require 
recordkeeping or record retention. The collections of information 
requirements under the rules are mandatory. Information subject to the 
disclosure requirements of rule 206(4)-3 is not submitted to the 
Commission. Accordingly, the disclosures pursuant to the rule 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.
    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, 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: December 20, 2007.
Nancy M. Morris,
Secretary.
[FR Doc. E7-25434 Filed 12-31-07; 8:45 am]
BILLING CODE 8011-01-P