Proposed Collection; Comment Request, 4291 [E8-1158]
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Federal Register / Vol. 73, No. 16 / Thursday, January 24, 2008 / Notices
of the information to be 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.
Comments should be directed 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. Comments must
be submitted within 60 days of this
notice.
Dated: January 15, 2008.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8–1157 Filed 1–23–08; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon written request, copies available
from: U.S. Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
jlentini on PROD1PC65 with NOTICES
Extension: Rule 104: OMB Control No. 3235–
0465; SEC File No. 270–411.
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.
• Rule 104 of Regulation M (17 CFR
242.104)—Stabilizing and Other
Activities in Connection with an
Offering.
Rule 104 permits stabilizing by a
distribution participant during a
distribution so long as the distribution
participant discloses information to the
market and investors. This rule requires
disclosure in offering materials of the
potential stabilizing transactions and
that the distribution participant inform
the market when a stabilizing bid is
made. It also requires the distribution
participants (i.e., the syndicate manager)
to maintain information regarding
syndicate covering transactions and
VerDate Aug<31>2005
20:35 Jan 23, 2008
Jkt 214001
penalty bids and disclose such
information to the SRO.
There are approximately 795
respondents per year that require an
aggregate total of 159 hours to comply
with this rule. Each respondent makes
an estimated 1 annual response. Each
response takes approximately 0.20
hours (12 minutes) to complete. Thus,
the total compliance burden per year is
159 burden hours. The total compliance
cost for the respondents is
approximately $8,943.75, resulting in a
cost of compliance for the respondent
per response of approximately $11.25
(i.e., $8,943.75 / 795 responses).
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
(b) the accuracy of the Commission’s
estimates of the burden of the proposed
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information to be 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.
Comments should be directed 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. Comments must
be submitted within 60 days of this
notice.
Dated: January 15, 2008.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8–1158 Filed 1–23–08; 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.
Extension: Rule 206(3)–3T; SEC File No.
270–571; OMB Control No. 3235–0630.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 350 et seq.), the Securities
PO 00000
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Fmt 4703
Sfmt 4703
4291
and Exchange Commission (the
‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension and
approval of the collections of
information discussed below.
Temporary rule 206(3)–3T (17 CFR
275.206(3)–3T) under the Investment
Advisers Act of 1940 (15 U.S.C. 80b–1
et seq.) is entitled: ‘‘Temporary rule for
principal trades with certain advisory
clients.’’ The temporary rule provides
investment advisers who are registered
with the Commission as broker-dealers
an alternative means to meet the
requirements of section 206(3) of the
Advisers Act (15 U.S.C. 80b–6(3)) when
they act in a principal capacity in
transactions with certain of their
advisory clients. The temporary rule,
and its attendant paperwork burdens,
will expire and no longer be effective on
December 31, 2009.
Temporary rule 206(3)–3T permits
dually-registered advisers to satisfy the
Advisers Act’s principal trading
restrictions by: (i) Providing written,
prospective disclosure regarding the
conflicts arising from principal trades;
(ii) obtaining written, revocable consent
from the client prospectively
authorizing the adviser to enter into
principal transactions; (iii) making oral
or written disclosure and obtaining the
client’s consent before each principal
transaction; (iv) sending to the client
confirmation statements disclosing the
capacity in which the adviser has acted;
and (v) delivering to the client an
annual report itemizing the principal
transactions.
The Commission staff estimates that
approximately 380 investment advisers
make use of rule 206(3)–3T, and that on
average an investment adviser spends
approximately 1,301 hours annually in
complying with the requirements of the
rule. The Commission staff therefore
estimates the total annual burden of the
rule’s paperwork requirements to be
approximately 494,440 hours.
Rule 206(3)–3T does not require
recordkeeping or record retention. The
collection of information requirements
under the rule are required to obtain a
benefit. The information collected
pursuant to the rule is not required to
be filed with the Commission, but rather
takes the form of disclosures to, and
responses from, clients. Accordingly,
these filings are not kept confidential.
To the extent advisers include any of
the information required by the rule in
a filing, such as Form ADV, the
information will not be kept
confidential. An agency may not
conduct or sponsor, and a person is not
required to respond to, a collection of
E:\FR\FM\24JAN1.SGM
24JAN1
]]>Agencies
[Federal Register Volume 73, Number 16 (Thursday, January 24, 2008)]
[Notices]
[Page 4291]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-1158]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon written request, copies available from: U.S. Securities and
Exchange Commission, Office of Investor Education and Advocacy,
Washington, DC 20549-0213.
Extension: Rule 104: OMB Control No. 3235-0465; SEC File No. 270-
411.
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.
Rule 104 of Regulation M (17 CFR 242.104)--Stabilizing and
Other Activities in Connection with an Offering.
Rule 104 permits stabilizing by a distribution participant during a
distribution so long as the distribution participant discloses
information to the market and investors. This rule requires disclosure
in offering materials of the potential stabilizing transactions and
that the distribution participant inform the market when a stabilizing
bid is made. It also requires the distribution participants (i.e., the
syndicate manager) to maintain information regarding syndicate covering
transactions and penalty bids and disclose such information to the SRO.
There are approximately 795 respondents per year that require an
aggregate total of 159 hours to comply with this rule. Each respondent
makes an estimated 1 annual response. Each response takes approximately
0.20 hours (12 minutes) to complete. Thus, the total compliance burden
per year is 159 burden hours. The total compliance cost for the
respondents is approximately $8,943.75, resulting in a cost of
compliance for the respondent per response of approximately $11.25
(i.e., $8,943.75 / 795 responses).
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates of the burden of the proposed collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be 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.
Comments should be directed 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. Comments must be submitted within
60 days of this notice.
Dated: January 15, 2008.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8-1158 Filed 1-23-08; 8:45 am]
BILLING CODE 8011-01-P
