Proposed Collection; Comment Request, 64641 [E8-25866]
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Federal Register / Vol. 73, No. 211 / Thursday, October 30, 2008 / Notices
‘‘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 6e–2 (17 CFR 270.6e–2) under
the Investment Company Act of 1940
(‘‘Act’’) (15 U.S.C. 80a) is an exemptive
rule that permits separate accounts,
formed by life insurance companies, to
fund certain variable life insurance
products. The rule exempts such
separate accounts from the registration
requirements under the Act, among
others, on condition that they comply
with all but certain designated
provisions of the Act and meet the other
requirements of the rule. The rule sets
forth several information collection
requirements.
Rule 6e–2 provides a separate account
with an exemption from the registration
provisions of section 8(a) of the Act if
the account files with the Commission
Form N–6EI–1, a notification of claim of
exemption.
The rule also exempts a separate
account from a number of other sections
of the Act, provided that the separate
account makes certain disclosure in its
registration statements, reports to
contractholders, proxy solicitations, and
submissions to state regulatory
authorities, as prescribed by the rule.
Paragraph (b)(9) of rule 6e–2 provides
an exemption from the requirements of
section 17(f) of the Act and imposes a
reporting burden and certain other
conditions. Section 17(f) requires that
every registered management company
meet various custody requirements for
its securities and similar investments.
Paragraph (b)(9) applies only to
management accounts that offer life
insurance contracts subject to rule 6e–
2.
Since 2005, there have been no filings
under paragraph (b)(9) of rule 6e–2 by
management accounts. Therefore, since
2005, there has been no cost or burden
to the industry regarding the
information collection requirements of
paragraph (b)(9) of rule 6e–2. In
addition, there have been no filings of
Form N–6EI–1 by separate accounts
since 2005. Therefore, there has been no
cost or burden to the industry since that
time. The Commission requests
authorization to maintain an inventory
of one burden hour for administrative
purposes.
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 shall have practical utility;
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16:45 Oct 29, 2008
Jkt 211001
(b) the accuracy of the agency’s estimate
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.
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: October 22, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–25863 Filed 10–29–08; 8:45 am]
BILLING CODE 8011–01–P
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:
Regulation BTR; OMB Control No. 3235–
0579; SEC File No. 270–521.
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.
Regulation Blackout Trade Restriction
(‘‘Regulation BTR’’) (17 CFR 245.100–
245.104) clarifies the scope and
application of Section 306(a) of the
Sarbanes-Oxley Act of 2002 (‘‘Act’’) (15
U.S.C. 7244(a)). Section 306(a)(6) (15
U.S.C. 7244(a)(6)) of the Act requires an
issuer to provide timely notice to its
directors and executive officers and to
the Commission of the imposition of a
blackout period that would trigger the
statutory trading prohibition of Section
306(a)(1)(15 U.S.C. 7244(a)(1)).
Approximately 1,230 issuers file
Regulation BTR notices annually. We
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64641
estimate that it takes 2 hours per
response for an issuer to draft a notice
to directors and executive officers for a
total annual burden of 2,460 hours. The
issuer prepares 75% of the 2,460 annual
burden hours for a total reporting
burden of (1,230 × 2 × .75) 1,845 hours.
In addition, we estimate that an issuer
distributes a notice to five directors and
executive officers at an estimated 5
minutes per notice (1,230 blackout
period × 5 notices × 5 minutes) for a
total reporting burden of 512 hours. The
combined annual reporting burden is
(1,845 hours + 512 hours) 2,357 hours.
Written comments are invited on: (a)
Whether this 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 imposed
by 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,
Virginia 22312; or send an e-mail to:
PRA_Mailbox@sec.gov.
Dated: October 22, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–25866 Filed 10–29–08; 8:45 am]
BILLING CODE 8011–01–P
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:
Regulation G; OMB Control No. 3235–
0576; SEC File No. 270–518.
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
E:\FR\FM\30OCN1.SGM
30OCN1
]]>Agencies
[Federal Register Volume 73, Number 211 (Thursday, October 30, 2008)]
[Notices]
[Page 64641]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-25866]
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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:
Regulation BTR; OMB Control No. 3235-0579; SEC File No. 270-521.
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.
Regulation Blackout Trade Restriction (``Regulation BTR'') (17 CFR
245.100-245.104) clarifies the scope and application of Section 306(a)
of the Sarbanes-Oxley Act of 2002 (``Act'') (15 U.S.C. 7244(a)).
Section 306(a)(6) (15 U.S.C. 7244(a)(6)) of the Act requires an issuer
to provide timely notice to its directors and executive officers and to
the Commission of the imposition of a blackout period that would
trigger the statutory trading prohibition of Section 306(a)(1)(15
U.S.C. 7244(a)(1)). Approximately 1,230 issuers file Regulation BTR
notices annually. We estimate that it takes 2 hours per response for an
issuer to draft a notice to directors and executive officers for a
total annual burden of 2,460 hours. The issuer prepares 75% of the
2,460 annual burden hours for a total reporting burden of (1,230 x 2 x
.75) 1,845 hours. In addition, we estimate that an issuer distributes a
notice to five directors and executive officers at an estimated 5
minutes per notice (1,230 blackout period x 5 notices x 5 minutes) for
a total reporting burden of 512 hours. The combined annual reporting
burden is (1,845 hours + 512 hours) 2,357 hours.
Written comments are invited on: (a) Whether this 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
imposed by 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, Virginia 22312; or send
an e-mail to: PRA_Mailbox@sec.gov.
Dated: October 22, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-25866 Filed 10-29-08; 8:45 am]
BILLING CODE 8011-01-P
