Proposed Collection; Comment Request, 54179 [E8-21764]
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Federal Register / Vol. 73, No. 182 / Thursday, September 18, 2008 / Notices
Wednesday, September 24 at 11:00 a.m.
(Closed)—If Needed
1. Continuation of Tuesday’s closed
session agenda.
CONTACT PERSON FOR MORE INFORMATION:
Julie S. Moore, Secretary of the Board,
U.S. Postal Service, 475 L’Enfant Plaza,
SW., Washington, DC 20260–1000.
Telephone (202) 268–4800.
Julie S. Moore,
Secretary.
[FR Doc. E8–21904 Filed 9–16–08; 11:15 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
dwashington3 on PRODPC61 with NOTICES
Extension:
Form N–2; SEC File No. 270–21; OMB
Control No. 3235–0026.
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 (the
‘‘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 ‘‘Form N–2 (17 CFR
239.14 and 274.11a–1) under the
Securities Act of 1933 and under the
Investment Company Act of 1940,
Registration Statement of Closed-End
Management Investment Companies.’’
Form N–2 is the form used by closedend management investment companies
(‘‘closed-end funds’’) to register as
investment companies under the
Investment Company Act of 1940 (15
U.S.C. 80a–1 et seq.) (‘‘Investment
Company Act’’) and to register their
securities under the Securities Act of
1933 (15 U.S.C. 77a et seq.) (‘‘Securities
Act’’). The primary purpose of the
registration process is to provide
disclosure of financial and other
information to investors and potential
investors for the purpose of evaluating
an investment in a security. Form N–2
also permits closed-end funds to
provide investors with a prospectus
containing information required in a
registration statement prior to the sale or
at the time of confirmation of delivery
VerDate Aug<31>2005
15:26 Sep 17, 2008
Jkt 214001
of securities. The form also may be used
by the Commission in its regulatory
review, inspection, and policy-making
roles.
The Commission estimates that there
are 140 initial registration statements
and 60 post-effective amendments to
initial registration statements filed on
Form N–2 annually and that the average
number of portfolios referenced in each
initial filing and post-effective
amendment is 1. The Commission
further estimates that the hour burden
for preparing and filing a post-effective
amendment on Form N–2 is 116.5 hours
per portfolio. The total annual hour
burden for preparing and filing posteffective amendments is 6,990 hours (60
post-effective amendments × 1
portfolios × 116.5 hours per portfolio).
The estimated annual hour burden for
preparing and filing initial registration
statements is 79,478 hours (140 initial
registration statements × 1 portfolios ×
567.7 hours per portfolio). The total
annual hour burden for Form N–2,
therefore, is estimated to be 86,468
hours (6,990 hours + 79,478 hours).
The information collection
requirements imposed by Form N–2 are
mandatory. Responses to the collection
of 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
information unless it displays a
currently valid control number.
Written comments are invited on: (a)
Whether the proposed collection 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
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 Lewis W. Walker, Acting Director/
CIO, 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: September 10, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–21764 Filed 9–17–08; 8:45 am]
BILLING CODE 8010–01–P
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54179
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
28379; 812–13483]
Rafferty Asset Management, LLC, et
al.; Notice of Application
September 12, 2008.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of an application for an
order under section 6(c) of the
Investment Company Act of 1940 (the
‘‘Act’’) for an exemption from sections
2(a)(32), 5(a)(1), 22(d), 22(e), and 24(d)
of the Act and rule 22c–1 under the Act,
and under sections 6(c) and 17(b) of the
Act for an exemption from sections
17(a)(1) and 17(a)(2) of the Act.
AGENCY:
Summary of Application: Applicants
request an order that would permit (a)
an open-end management investment
company and its series to issue shares
(‘‘ETS’’) that can be redeemed only in
large aggregations (‘‘Creation Units’’); (b)
secondary market transactions in ETS to
occur at negotiated prices; (c) dealers to
sell ETS to purchasers in the secondary
market unaccompanied by a prospectus
when prospectus delivery is not
required by the Securities Act of 1933
(‘‘Securities Act’’); (d) certain series to
pay redemption proceeds, under certain
circumstances, more than seven days
after the tender of ETS for redemption
and; (e) certain affiliated persons of the
series to deposit securities into, and
receive securities from, the series in
connection with the purchase and
redemption of Creation Units.
Applicants: Rafferty Asset
Management, LLC (‘‘Adviser’’) and
Direxion Shares ETF Trust (‘‘Trust’’).
Filing Dates: The application was
filed on January 23, 2008 and amended
on May 8, 2008, August 21, 2008 and
September 12, 2008.
Hearing or Notification of Hearing: An
order granting the application will be
issued unless the Commission orders a
hearing. Interested persons may request
a hearing by writing to the
Commission’s Secretary and serving
applicants with a copy of the request,
personally or by mail. Hearing requests
should be received by the Commission
by 5:30 p.m. on October 3, 2008, and
should be accompanied by proof of
service on applicants, in the form of an
affidavit, or for lawyers, a certificate of
service. Hearing requests should state
the nature of the writer’s interest, the
reason for the request, and the issues
contested. Persons who wish to be
notified of a hearing may request
notification by writing to the
Commission’s Secretary.
E:\FR\FM\18SEN1.SGM
18SEN1
]]>Agencies
[Federal Register Volume 73, Number 182 (Thursday, September 18, 2008)]
[Notices]
[Page 54179]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-21764]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549.
Extension:
Form N-2; SEC File No. 270-21; OMB Control No. 3235-0026.
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
(the ``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 ``Form N-2 (17 CFR
239.14 and 274.11a-1) under the Securities Act of 1933 and under the
Investment Company Act of 1940, Registration Statement of Closed-End
Management Investment Companies.'' Form N-2 is the form used by closed-
end management investment companies (``closed-end funds'') to register
as investment companies under the Investment Company Act of 1940 (15
U.S.C. 80a-1 et seq.) (``Investment Company Act'') and to register
their securities under the Securities Act of 1933 (15 U.S.C. 77a et
seq.) (``Securities Act''). The primary purpose of the registration
process is to provide disclosure of financial and other information to
investors and potential investors for the purpose of evaluating an
investment in a security. Form N-2 also permits closed-end funds to
provide investors with a prospectus containing information required in
a registration statement prior to the sale or at the time of
confirmation of delivery of securities. The form also may be used by
the Commission in its regulatory review, inspection, and policy-making
roles.
The Commission estimates that there are 140 initial registration
statements and 60 post-effective amendments to initial registration
statements filed on Form N-2 annually and that the average number of
portfolios referenced in each initial filing and post-effective
amendment is 1. The Commission further estimates that the hour burden
for preparing and filing a post-effective amendment on Form N-2 is
116.5 hours per portfolio. The total annual hour burden for preparing
and filing post-effective amendments is 6,990 hours (60 post-effective
amendments x 1 portfolios x 116.5 hours per portfolio). The estimated
annual hour burden for preparing and filing initial registration
statements is 79,478 hours (140 initial registration statements x 1
portfolios x 567.7 hours per portfolio). The total annual hour burden
for Form N-2, therefore, is estimated to be 86,468 hours (6,990 hours +
79,478 hours).
The information collection requirements imposed by Form N-2 are
mandatory. Responses to the collection of 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 information unless it displays a
currently valid control number.
Written comments are invited on: (a) Whether the proposed
collection 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
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 Lewis W. Walker, Acting
Director/CIO, 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: September 10, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-21764 Filed 9-17-08; 8:45 am]
BILLING CODE 8010-01-P
