Submission for OMB Review; Comment Request, 6923-6924 [E9-2849]
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Federal Register / Vol. 74, No. 27 / Wednesday, February 11, 2009 / Notices
by email to
INFOCOLLECTS.Resource@NRC.GOV.
Dated at Rockville, Maryland, this 29th day
of January 2009.
For the Nuclear Regulatory Commission.
Gregory Trussell,
NRC Clearance Officer, Office of Information
Services.
[FR Doc. E9–2896 Filed 2–10–09; 8:45 am]
BILLING CODE 7590–01–P
The ACRS Subcommittee on
Materials, Metallurgy & Reactor Fuels
will hold a meeting on Tuesday, March
3, 2009, at 11545 Rockville Pike,
Rockville, Maryland, Room T–2B3.
The meeting will be open to public
attendance.
The agenda for the subject meeting
shall be as follows:
Tuesday, March 3, 2009,
8:30 a.m.–12:30 p.m.
mstockstill on PROD1PC66 with NOTICES
SECURITIES AND EXCHANGE
COMMISSION
Upon written request, copies available
from: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Advisory Committee on Reactor
Safeguards (ACRS); Subcommittee
Meeting on Materials, Metallurgy &
Reactor Fuels; Notice of Meeting
The Subcommittee will review pellet
clad interaction failures under extended
power uprate conditions. The
Subcommittee will hear presentations
by and hold discussions with
representatives of the NRC and the
industry. The Subcommittee will gather
information, analyze relevant issues and
facts, and formulate proposed positions
and actions, as appropriate, for
deliberation by the full Committee.
Members of the public desiring to
provide oral statements and/or written
comments should notify the Designated
Federal Officer, Michael Benson
(Telephone: 301–415–6396) 5 days prior
to the meeting, if possible, so that
appropriate arrangements can be made.
Electronic recordings will be permitted
only during those portions of the
meeting that are open to the public.
Detailed procedures for the conduct of
and participation in ACRS meetings
were published in the Federal Register
on October 6, 2008 (73 FR 58268–
58269).
Further information regarding this
meeting can be obtained by contacting
the Designated Federal Official between
7 a.m. and 5 p.m. (ET). Persons planning
to attend this meeting are urged to
contact the above named individual at
least two working days prior to the
meeting to be advised of any potential
changes to the agenda.
17:58 Feb 10, 2009
BILLING CODE 7590–01–P
Submission for OMB Review;
Comment Request
NUCLEAR REGULATORY
COMMISSION
VerDate Nov<24>2008
Dated: February 4, 2009.
Cayetano Santos,
Chief, Reactor Safety Branch A, Advisory
Committee on Reactor Safeguards.
[FR Doc. E9–2899 Filed 2–10–09; 8:45 am]
Jkt 217001
Extension:
Rule 19a–1; SEC File No. 270–240; OMB
Control No. 3235–0216.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501–3520), the Securities
and Exchange Commission (the
‘‘Commission’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
Section 19(a) (15 U.S.C. 80a–19(a)) of
the Investment Company Act of 1940
(the ‘‘Act’’) 1 makes it unlawful for any
registered investment company to pay
any dividend or similar distribution
from any source other than the
company’s net income, unless the
payment is accompanied by a written
statement to the company’s
shareholders which adequately
discloses the sources of the payment.
Section 19(a) authorizes the
Commission to prescribe the form of
such statement by rule.
Rule 19a–1 (17 CFR 270.19a–1) under
the Act, entitled ‘‘Written Statement to
Accompany Dividend Payments by
Management Companies,’’ sets forth
specific requirements for the
information that must be included in
statements made pursuant to section
19(a) by or on behalf of management
companies.2 The rule requires that the
statement indicate what portions of
distribution payments are made from
net income, net profits from the sale of
security or other property (‘‘capital
gains’’) and paid-in capital. When any
part of the payment is made from capital
gains, rule 19a–1 also requires that the
statement disclose certain other
information relating to the appreciation
1 15
U.S.C. 80a.
4(3) of the Act (15 U.S.C. 80a–4(3))
defines ‘‘management company’’ as ‘‘any
investment company other than a face amount
certificate company or a unit investment trust.’’
2 Section
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6923
or depreciation of portfolio securities. If
an estimated portion is subsequently
determined to be significantly
inaccurate, a correction must be made
on a statement made pursuant to section
19(a) or in the first report to
shareholders following the discovery of
the inaccuracy.
The purpose of rule 19a–1 is to afford
fund shareholders adequate disclosure
of the sources from which distribution
payments are made. The rule is
intended to prevent shareholders from
confusing income dividends with
distributions made from capital sources.
Absent rule 19a–1, shareholders might
receive a false impression of fund gains.
Based on a review of filings made
with the Commission, the staff estimates
that approximately 4600 series of
registered investment companies that
are management companies may be
subject to rule 19a–1 each year, and that
each portfolio on average mails two
statements per year to meet the
requirements of the rule.3 The staff
further estimates that the time needed to
make the determinations required by the
rule and to prepare the statement
required under the rule is
approximately 1 hour per statement.
The total annual burden for all
portfolios therefore is estimated to be
approximately 9,200 burden hours.
The staff estimates that approximately
one-third of the total annual burden
(3,067 hours) would be incurred by a
paralegal with an average hourly wage
rate of approximately $168 per hour,4
and approximately two-thirds of the
annual burden (6,133 hours) would be
incurred by a compliance clerk with an
average hourly wage rate of $62 per
hour.5 The staff therefore estimates that
the aggregate annual cost of complying
with the paperwork requirements of the
rule is approximately $895,502 ((3,067
hours × $168) + (6,133 hours × $62)).
To comply with state law, many
investment companies already must
distinguish the different sources from
which a shareholder distribution is paid
and disclose that information to
shareholders. Thus, many investment
3 A few portfolios make monthly distributions
from sources other than net income, so the rule
requires them to send out a statement 12 times a
year. Other portfolios never make such
distributions.
4 Hourly rates are derived from the Securities
Industry and Financial Markets Association
(‘‘SIFMA’’), Management and Professional Earnings
in the Securities Industry 2007, modified to account
for an 1800-hour work-year and multiplied by 5.35
to account for bonuses, firm size, employee
benefits, and overhead.
5 Hourly rates are derived from SIFMA’s Office
Salaries in the Securities Industry 2007, modified
to account for an 1800-hour work-year and
multiplied by 2.93 to account for bonuses, firm size,
employee benefits and overhead.
E:\FR\FM\11FEN1.SGM
11FEN1
6924
Federal Register / Vol. 74, No. 27 / Wednesday, February 11, 2009 / Notices
companies would be required to
distinguish the sources of shareholder
dividends whether or not the
Commission required them to do so
under rule 19a–1.
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act, and is not
derived from a comprehensive or even
a representative survey or study of the
costs of Commission rules. Compliance
with the collection of information
required by rule 19a–1 is mandatory for
management companies that make
statements to shareholders pursuant to
section 19(a) of the 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.
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 send an e-mail to:
Shagufta_Ahmed@omb.eop.gov; and (ii)
Charles Boucher, 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. Comments must
be submitted to OMB within 30 days of
this notice.
Dated: February 4, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–2849 Filed 2–10–09; 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 Advocacy, Washington, DC
20549–0213.
mstockstill on PROD1PC66 with NOTICES
Extension:
Form N–17f–2; SEC File No. 270–317;
OMB Control No. 3235–0360.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 350l et seq.), the Securities
and Exchange Commission (the
‘‘Commission’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
VerDate Nov<24>2008
17:58 Feb 10, 2009
Jkt 217001
Form N–17f–2 (17 CFR 274.220)
under the Act is entitled ‘‘Certificate of
Accounting of Securities and Similar
Investments in the Custody of
Management Investment Companies.’’
Form N–17f–2 is the cover sheet for the
accountant examination certificates
filed under rule 17f–2 (17 CFR 270.17f–
2) by registered management investment
companies (‘‘funds’’) maintaining
custody of securities or other
investments. Form N–17f–2 facilitates
the filing of the accountant’s
examination certificates prepared under
rule 17f–2. The use of the form allows
the certificates to be filed electronically,
and increases the accessibility of the
examination certificates to both the
Commission’s examination staff and
interested investors by ensuring that the
certificates are filed under the proper
Commission file number and the correct
name of a fund.
Commission staff estimates that on an
annual basis it takes: (i) On average 1.25
hours of fund accounting personnel at a
total cost of $188.75 to prepare each
Form N–17f–2; 1 and (ii) .75 hours of
clerical time at a total cost of $48.75 to
file the Form N–17f–2 with the
Commission.2 Approximately 300 funds
currently file Form N–17f–2 with the
Commission, and each fund is required
to make three filings annually for a total
annual hourly burden per fund of
approximately 6 hours at a total cost of
$712.50. The total annual hour burden
for Form N–17f–2 is therefore estimated
to be approximately 1800 hours. Based
on the total annual costs per fund listed
above, the total cost of Form N–17f–2’s
collection of information requirements
is estimated to be approximately
$213,750.3
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act, and is not
derived from a comprehensive or even
a representative survey or study of the
costs of Commission rules and forms.
Complying with the collections of
information required by Form N–17f–2
is mandatory for those funds that
maintain custody of their own assets.
Responses 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.
1 This estimate is based on the following
calculation: 1.25 × $151 (fund senior accountant’s
hourly rate) = $188.75.
2 This estimate is based on the following
calculation: .75 × $65 (secretary hourly rate) =
$48.75.
3 This estimate is based on the following
calculation: 300 funds × $712.50 (total annual cost
per fund) = $213,750.
PO 00000
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Fmt 4703
Sfmt 4703
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 send an e-mail to:
Shagufta_Ahmed@omb.eop.gov; and (ii)
Charles Boucher, 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. Comments must
be submitted to OMB within 30 days of
this notice.
Dated: February 4, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9–2850 Filed 2–10–09; 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:
Regulation S–B, OMB Control No. 3235–
0417, SEC File No. 270–370.
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.
Regulation S–B (17 CFR 228.10,
228.101—228.103, 228.201—228.202,
228.303—228.308, 228.310, 228.401—
228.407, 228.501—228.512, 228.601,
228.701—228.703) specifies the nonfinancial disclosure requirements
applicable to registration statements
under the Securities Act of 1933 (15
U.S.C. 77a et seq.) and registration
statements under Section 12, annual
and other reports under Sections 13 and
15(d), going-private transaction
statements under Section 13, tender
offer statements under Sections 13 and
14, annual reports to security holders
and proxy and information statements
under Section 14 and any other
documents required to be filed by small
business issuers under the Securities
Exchange Act of 1934 (15 U.S.C. 78l,
78m, 78n, 78o(d)). Regulation S–B is
E:\FR\FM\11FEN1.SGM
11FEN1
]]>Agencies
[Federal Register Volume 74, Number 27 (Wednesday, February 11, 2009)]
[Notices]
[Pages 6923-6924]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-2849]
=======================================================================
-----------------------------------------------------------------------
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 19a-1; SEC File No. 270-240; OMB Control No. 3235-0216.
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501-3520), the Securities and Exchange
Commission (the ``Commission'') has submitted to the Office of
Management and Budget a request for extension of the previously
approved collection of information discussed below.
Section 19(a) (15 U.S.C. 80a-19(a)) of the Investment Company Act
of 1940 (the ``Act'') \1\ makes it unlawful for any registered
investment company to pay any dividend or similar distribution from any
source other than the company's net income, unless the payment is
accompanied by a written statement to the company's shareholders which
adequately discloses the sources of the payment. Section 19(a)
authorizes the Commission to prescribe the form of such statement by
rule.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 80a.
---------------------------------------------------------------------------
Rule 19a-1 (17 CFR 270.19a-1) under the Act, entitled ``Written
Statement to Accompany Dividend Payments by Management Companies,''
sets forth specific requirements for the information that must be
included in statements made pursuant to section 19(a) by or on behalf
of management companies.\2\ The rule requires that the statement
indicate what portions of distribution payments are made from net
income, net profits from the sale of security or other property
(``capital gains'') and paid-in capital. When any part of the payment
is made from capital gains, rule 19a-1 also requires that the statement
disclose certain other information relating to the appreciation or
depreciation of portfolio securities. If an estimated portion is
subsequently determined to be significantly inaccurate, a correction
must be made on a statement made pursuant to section 19(a) or in the
first report to shareholders following the discovery of the inaccuracy.
---------------------------------------------------------------------------
\2\ Section 4(3) of the Act (15 U.S.C. 80a-4(3)) defines
``management company'' as ``any investment company other than a face
amount certificate company or a unit investment trust.''
---------------------------------------------------------------------------
The purpose of rule 19a-1 is to afford fund shareholders adequate
disclosure of the sources from which distribution payments are made.
The rule is intended to prevent shareholders from confusing income
dividends with distributions made from capital sources. Absent rule
19a-1, shareholders might receive a false impression of fund gains.
Based on a review of filings made with the Commission, the staff
estimates that approximately 4600 series of registered investment
companies that are management companies may be subject to rule 19a-1
each year, and that each portfolio on average mails two statements per
year to meet the requirements of the rule.\3\ The staff further
estimates that the time needed to make the determinations required by
the rule and to prepare the statement required under the rule is
approximately 1 hour per statement. The total annual burden for all
portfolios therefore is estimated to be approximately 9,200 burden
hours.
---------------------------------------------------------------------------
\3\ A few portfolios make monthly distributions from sources
other than net income, so the rule requires them to send out a
statement 12 times a year. Other portfolios never make such
distributions.
---------------------------------------------------------------------------
The staff estimates that approximately one-third of the total
annual burden (3,067 hours) would be incurred by a paralegal with an
average hourly wage rate of approximately $168 per hour,\4\ and
approximately two-thirds of the annual burden (6,133 hours) would be
incurred by a compliance clerk with an average hourly wage rate of $62
per hour.\5\ The staff therefore estimates that the aggregate annual
cost of complying with the paperwork requirements of the rule is
approximately $895,502 ((3,067 hours x $168) + (6,133 hours x $62)).
---------------------------------------------------------------------------
\4\ Hourly rates are derived from the Securities Industry and
Financial Markets Association (``SIFMA''), Management and
Professional Earnings in the Securities Industry 2007, modified to
account for an 1800-hour work-year and multiplied by 5.35 to account
for bonuses, firm size, employee benefits, and overhead.
\5\ Hourly rates are derived from SIFMA's Office Salaries in the
Securities Industry 2007, modified to account for an 1800-hour work-
year and multiplied by 2.93 to account for bonuses, firm size,
employee benefits and overhead.
---------------------------------------------------------------------------
To comply with state law, many investment companies already must
distinguish the different sources from which a shareholder distribution
is paid and disclose that information to shareholders. Thus, many
investment
[[Page 6924]]
companies would be required to distinguish the sources of shareholder
dividends whether or not the Commission required them to do so under
rule 19a-1.
The estimate of average burden hours is made solely for the
purposes of the Paperwork Reduction Act, and is not derived from a
comprehensive or even a representative survey or study of the costs of
Commission rules. Compliance with the collection of information
required by rule 19a-1 is mandatory for management companies that make
statements to shareholders pursuant to section 19(a) of the 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.
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 send an e-mail to: Shagufta_
Ahmed@omb.eop.gov; and (ii) Charles Boucher, 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.
Comments must be submitted to OMB within 30 days of this notice.
Dated: February 4, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-2849 Filed 2-10-09; 8:45 am]
BILLING CODE 8011-01-P
