Submission for OMB Review; Comment Request, 25784-25785 [E8-10042]
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25784
Federal Register / Vol. 73, No. 89 / Wednesday, May 7, 2008 / Notices
Foundation announces the following
meeting:
Name: Advisory Committee for
International Science and Engineering
(25104).
Date/Time: June 9, 2008; 8 a.m. to 6
p.m.
Place: National Science Foundation,
4201 Wilson Boulevard, Room 375,
Arlington, VA.
Type of Meeting: Open.
Contact Person: Eduardo Feller,
National Science Foundation, 4201
Wilson Boulevard, Arlington, VA 22230
(703) 292–8710.
If you are attending the meeting and
need access to the NSF, please contact
the individual listed above so you name
may be added to the building access list.
Purpose of Meeting: To provide
advice concerning issues related to the
international science and engineering
programs and initiatives of the NSF.
Agenda: Update on Program and Staff
Activities. Discussion of Proposed
International Policies and Practices and
Draft Strategic Plan. NSB Report on
International Science and Engineering
Partnerships. Update on Developing
Countries Initiatives. Committee of
Visitors Report. Partnerships for
International Research and Education.
the proposals. These matters are exempt
under 5 U.S.C. 552b(c), (4) and (6) of the
Government in the Sunshine Act. NSF
will continue to review the agenda and
merits of each meeting for overall
compliance of the Federal Advisory
Committee Act.
These closed proposal review
meetings will no longer be announced
on an individual basis in the Federal
Register. NSF intends to publish a
notice similar to this on a quarterly
basis. For an advance listing of the
closed proposal review meetings that
include the names of the proposal
review panel and the time, date, place,
and any information on changes,
corrections, or cancellations, please visit
the NSF Web site: https://www.nsf.gov/
events/advisory.jsp. This information
may also be requested by telephoning
703/292–8182.
Dated: May 2, 2008.
Susanne Bolton,
Committee Management Officer.
[FR Doc. E8–10037 Filed 5–6–08; 8:45 am]
BILLING CODE 7555–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Dated: May 2, 2008.
Susanne Bolton,
Committee Management Officer.
[FR Doc. E8–10036 Filed 5–6–08; 8:45 am]
Upon written request, copies available
from: U.S. Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
BILLING CODE 7555–01–P
NATIONAL SCIENCE FOUNDATION
sroberts on PROD1PC70 with NOTICES
Proposal Review; Notice of Meetings
Extension:
Rule 17a–2; OMB Control No. 3235–0201;
SEC File No. 270–189.
In accordance with the Federal
Advisory Committee Act (Pub. L. 92–
463, as amended), the National Science
Foundation (NSF) announces its intent
to hold proposal review meetings
throughout the year. The purpose of
these meetings is to provide advice and
recommendations concerning proposals
submitted to the NSF for financial
support. The agenda for each of these
meetings is to review and evaluate
proposals as part of the selection
process for awards. The review and
evaluation may also include assessment
of the progress of awarded proposals.
The majority of these meetings will take
place at NSF, 4201 Wilson, Blvd.,
Arlington, Virginia 22230.
These meetings will be closed to the
public. The proposals being reviewed
include information of a proprietary or
confidential nature, including technical
information; financial data, such as
salaries; and personal information
concerning individuals associated with
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 approval of extension of the
existing collection of information
provided for in the following rule: Rule
17a–2 (17 CFR 240.17a–2).
Rule 17a–2 requires underwriters to
maintain information regarding
stabilizing activities conducted in
accordance with Rule 104. The
collections of information under
Regulation M and Rule 17a–2 are
necessary for covered persons to obtain
certain benefits or to comply with
certain requirements. The collections of
information are necessary to provide the
Commission with information regarding
syndicate covering transactions and
penalty bids. The Commission may
review this information during periodic
examinations or with respect to
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investigations. Except for the
information required to be kept under
Rule 104(i) (17 CFR 242.104(i)) and Rule
17a–2(c), none of the information
required to be collected or disclosed for
PRA purposes will be kept confidential.
The recordkeeping requirement of Rule
17a–2 requires the information be
maintained in a separate file, or in a
separately retrievable format, for a
period of three years, the first two years
in an easily accessible place, consistent
with the requirements of Exchange Act
Rule 17a–4(f) (17 CFR 240.17a–4(f)).
There are approximately 795
respondents per year that require an
aggregate total of 3975 hours to comply
with this rule. Each respondent makes
an estimated 1 annual response. Each
response takes approximately 5 hours to
complete. Thus, the total compliance
burden per year is 3975 burden hours.
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.
Comments should be directed to (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 by
sending an 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 within 30 days of
this notice.
Dated: April 30, 2008.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8–10041 Filed 5–6–08; 8:45 am]
BILLING CODE 8010–01–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 17a–6; SEC File No. 270–506; OMB
Control No. 3235–0564.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501) the Securities and
E:\FR\FM\07MYN1.SGM
07MYN1
sroberts on PROD1PC70 with NOTICES
Federal Register / Vol. 73, No. 89 / Wednesday, May 7, 2008 / Notices
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.
Section 17(a) of the Investment
Company Act of 1940 (15 U.S.C. 80a)
(the ‘‘Act’’) generally prohibits affiliated
persons of a registered investment
company (‘‘fund’’) from borrowing
money or other property from, or selling
or buying securities or other property to
or from the fund, or any company that
the fund controls. Rule 17a–6 (17 CFR
270.17a–6) permits a fund and a
‘‘portfolio affiliate’’ (a company that is
an affiliated person of the fund because
the fund controls the company, or holds
5 percent or more of the company’s
outstanding voting securities) to engage
in principal transactions that would
otherwise be prohibited under section
17(a) of the Act under certain
conditions. A fund may not rely on the
exemption in the rule to enter into a
principal transaction with a portfolio
affiliate if certain prohibited
participants (e.g., directors, officers,
employees, or investment advisers of
the fund) have a financial interest in a
party to the transaction. Rule 17a–6
specifies certain interests that are not
‘‘financial interests,’’ including any
interest that the fund’s board of
directors (including a majority of the
directors who are not interested persons
of the fund) finds to be not material. A
board making this finding is required to
record the basis for the finding in its
meeting minutes. This recordkeeping
requirement is a collection of
information under the rule.
The rule is designed to permit
transactions between funds and their
portfolio affiliates in circumstances in
which it is unlikely that the affiliate
would be in a position to take advantage
of the fund. In determining whether a
financial interest is ‘‘material,’’ the
board of the fund should consider
whether the nature and extent of the
interest in the transaction is sufficiently
small that a reasonable person would
not believe that the interest affected the
determination of whether to enter into
the transaction or arrangement or the
terms of the transaction or arrangement.
The information collection requirements
in rule 17a–6 are intended to ensure that
Commission staff can review, in the
course of its compliance and
examination functions, the basis for a
board of directors’ finding that the
financial interest of an otherwise
prohibited participant in a party to a
transaction with a portfolio affiliate is
not material.
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Based on analysis of past filings,
Commission staff estimates that 148
funds are affiliated persons of 668
issuers as a result of the fund’s
ownership or control of the issuer’s
voting securities, and that there are
approximately 1,000 such affiliate
relationships. Based on staff discussions
with a limited number of fund
representatives, we estimate that funds
currently do not rely on the exemption
from the term ‘‘financial interest’’ with
respect to any interest that the fund’s
board of directors (including a majority
of the directors who are not interested
persons of the fund) finds to be not
material. Accordingly, we estimate that
annually there will be no principal
transactions under rule 17a–6 that will
result in a collection of information.
The Commission requests
authorization to maintain an inventory
of one burden hour to ease future
renewals of rule 17a–6’s collection of
information analysis should funds rely
on this exemption to the term ‘‘financial
interest’’ as defined in rule 17a–6.
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act. The estimate
is not derived from a comprehensive or
even a representative survey or study of
the costs of Commission rules.
Complying with this collection of
information requirement is necessary to
obtain the benefit of relying on rule
17a–6. 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: April 30, 2008.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8–10042 Filed 5–6–08; 8:45 am]
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25785
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)–6; SEC File No. 270–513; OMB
Control No. 3235–0571.
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.
The title for the collection of
information is ‘‘Rule 206(4)–6’’ under
the Investment Advisers Act of 1940 (15
U.S.C. 80b–1 et seq.) (‘‘Advisers Act’’)
and the collection has been approved
under OMB Control No. 3235–0571. The
Commission adopted rule 206(4)–6 (17
CFR 275.206(4)–6), the proxy voting
rule, to address an investment adviser’s
fiduciary obligation to clients who have
given the adviser authority to vote their
securities. Under the rule, an
investment adviser that exercises voting
authority over client securities is
required to: (i) Adopt and implement
policies and procedures that are
reasonably designed to ensure that the
adviser votes securities in the best
interest of clients, including procedures
to address any material conflict that
may arise between the interest of the
adviser and the client; (ii) disclose to
clients how they may obtain
information on how the adviser has
voted with respect to their securities;
and (iii) describe to clients the advisers
proxy voting policies and procedures
and, on request, furnish a copy of the
policies and procedures to the
requesting client. The rule is designed
to assure that advisers that vote proxies
for their clients vote those proxies in
their clients’ best interest and provide
clients with information about how
their proxies were voted.
Rule 206(4)–6 contains ‘‘collection of
information’’ requirements within the
meaning of the Paperwork Reduction
Act. 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. The collection is
mandatory and responses to the
disclosure requirement are not kept
confidential.
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]]>Agencies
[Federal Register Volume 73, Number 89 (Wednesday, May 7, 2008)]
[Notices]
[Pages 25784-25785]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-10042]
-----------------------------------------------------------------------
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 17a-6; SEC File No. 270-506; OMB Control No. 3235-0564.
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501) the Securities and
[[Page 25785]]
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.
Section 17(a) of the Investment Company Act of 1940 (15 U.S.C. 80a)
(the ``Act'') generally prohibits affiliated persons of a registered
investment company (``fund'') from borrowing money or other property
from, or selling or buying securities or other property to or from the
fund, or any company that the fund controls. Rule 17a-6 (17 CFR
270.17a-6) permits a fund and a ``portfolio affiliate'' (a company that
is an affiliated person of the fund because the fund controls the
company, or holds 5 percent or more of the company's outstanding voting
securities) to engage in principal transactions that would otherwise be
prohibited under section 17(a) of the Act under certain conditions. A
fund may not rely on the exemption in the rule to enter into a
principal transaction with a portfolio affiliate if certain prohibited
participants (e.g., directors, officers, employees, or investment
advisers of the fund) have a financial interest in a party to the
transaction. Rule 17a-6 specifies certain interests that are not
``financial interests,'' including any interest that the fund's board
of directors (including a majority of the directors who are not
interested persons of the fund) finds to be not material. A board
making this finding is required to record the basis for the finding in
its meeting minutes. This recordkeeping requirement is a collection of
information under the rule.
The rule is designed to permit transactions between funds and their
portfolio affiliates in circumstances in which it is unlikely that the
affiliate would be in a position to take advantage of the fund. In
determining whether a financial interest is ``material,'' the board of
the fund should consider whether the nature and extent of the interest
in the transaction is sufficiently small that a reasonable person would
not believe that the interest affected the determination of whether to
enter into the transaction or arrangement or the terms of the
transaction or arrangement. The information collection requirements in
rule 17a-6 are intended to ensure that Commission staff can review, in
the course of its compliance and examination functions, the basis for a
board of directors' finding that the financial interest of an otherwise
prohibited participant in a party to a transaction with a portfolio
affiliate is not material.
Based on analysis of past filings, Commission staff estimates that
148 funds are affiliated persons of 668 issuers as a result of the
fund's ownership or control of the issuer's voting securities, and that
there are approximately 1,000 such affiliate relationships. Based on
staff discussions with a limited number of fund representatives, we
estimate that funds currently do not rely on the exemption from the
term ``financial interest'' with respect to any interest that the
fund's board of directors (including a majority of the directors who
are not interested persons of the fund) finds to be not material.
Accordingly, we estimate that annually there will be no principal
transactions under rule 17a-6 that will result in a collection of
information.
The Commission requests authorization to maintain an inventory of
one burden hour to ease future renewals of rule 17a-6's collection of
information analysis should funds rely on this exemption to the term
``financial interest'' as defined in rule 17a-6.
The estimate of average burden hours is made solely for the
purposes of the Paperwork Reduction Act. The estimate is not derived
from a comprehensive or even a representative survey or study of the
costs of Commission rules. Complying with this collection of
information requirement is necessary to obtain the benefit of relying
on rule 17a-6. 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: April 30, 2008.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8-10042 Filed 5-6-08; 8:45 am]
BILLING CODE 8010-01-P
