Proposed Collection; Comment Request, 31481 [2010-13332]
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sroberts on DSKD5P82C1PROD with NOTICES
Federal Register / Vol. 75, No. 106 / Thursday, June 3, 2010 / Notices
Management and Budget for extension
and approval.
Rule 12h–1(f) (17 CFR 240.12h–1)
provides an exemption from the
registration requirements of the
Securities Exchange Act of 1934 for
compensatory employee stock options
of issuers that are not required to file
periodic reports under the Exchange Act
and that have 500 or more option
holders and more than $10 million in
assets at its most recently ended fiscal
year. The information required under
filed Rule 12h–1 is not filed with the
Commission. Rule 12h–(f) permits
issuers to provide the required
information (other than the issuer’s
books and records) to the option holders
and holders of share received on
exercise of compensatory employee
stock options either by: (i) physical or
electronic delivery of the information;
and (ii) notice to the option holders and
holders of shares received on exercise of
compensatory employee stock options
of the availability of the information on
a password-protected Internet site. We
estimate that it takes approximately 2
burden hours per response to provide
the information required under Rule
12h–1 and that the information is filed
by approximately 40 respondents. We
estimate that 25% of the 2 hours per
response (5 hours) is prepared by the
company for a total annual reporting
burden of 80 hours (.5 hours per
response × 40 responses).
Written comments are invited on: (a)
Whether this proposed collection of
information is necessary for the
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 comment to
Charles Boucher, 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: May 26, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–13331 Filed 6–2–10; 8:45 am]
BILLING CODE 8010–01–P
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18:21 Jun 02, 2010
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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 S–AM; SEC File
No. 270–548; OMB Control No.
3235–0609.
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
provided for in Regulation S–AM (17
CFR part 248, subpart B), under the Fair
and Accurate Credit Transactions Act of
2003 (Pub. L. 108–159, Section 214, 117
Stat. 1952 (2003)) (‘‘FACT Act’’), the
Securities and Exchange Act of 1934 (15
U.S.C. 78a et seq.), the Investment
Company Act of 1940 (15 U.S.C. 80a–1
et seq.), and the Investment Advisers
Act of 1940 (15 U.S.C. 80b–1 et seq.).
The Commission plans to submit this
existing collection of information to the
Office of Management and Budget for
extension and approval.
Regulation S–AM implements the
requirements of Section 214 of the
FACT Act as applied to brokers, dealers,
and investment companies, as well as
investment advisers and transfer agents
that are registered with the Commission
(collectively, ‘‘Covered Persons’’). As
directed by Section 214 of the FACT
Act, before a receiving affiliate may
make marketing solicitations based on
the communication of certain consumer
financial information from a Covered
Person, the Covered Person must
provide a notice to each affected
individual informing the individual of
his or her right to prohibit such
marketing. The regulation potentially
applies to all of the approximately
21,466 Covered Persons registered with
the Commission, although only
approximately 12,021 of them have one
or more corporate affiliates, and the
regulation would require only
approximately 2,147 of them to provide
consumers with notice and an opt-out
opportunity.
The Commission staff estimates that
there are approximately 12,021 Covered
Persons having one or more affiliates,
and that they would require an average
one-time burden of 1 hour to review
affiliate marketing practices, for a total
of 12,021 hours, at a total staff cost of
approximately $2,524,410. The staff also
estimates that approximately 2,147
PO 00000
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31481
Covered Persons would be required to
provide notice and opt-out
opportunities to consumers, and would
incur an average first-year burden of 18
hours in doing so, for a total estimated
first-year burden of 38,646 hours, at a
total staff cost of approximately
$10,279,836. With regard to continuing
notice burdens, the staff estimates that
each of the approximately 2,147
Covered Persons required to provide
notice and opt-out opportunities to
consumers would incur a burden of
approximately 4 hours per year to create
and deliver notices to new consumers
and record any opt outs that are
received on an ongoing basis, for a total
of 8,588 hours, at a total staff cost of
approximately $489,516 per year.
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 on respondents; 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 submitted in
writing to: Charles Boucher, Director/
Chief Information Officer, Securities
and Exchange Commission, c/o Shirley
Martinson, 6432 General Green Way,
Alexandria, VA 22312, or by e-mail to:
PRA_Mailbox@sec.gov.
Dated: May 26, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–13332 Filed 6–2–10; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
In the Matter of Sintec Co. Ltd.: Order
of Suspension of Trading
June 1, 2010.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Sintec Co.
Ltd. because it has not filed any
periodic reports since the period ended
December 31, 2001.
E:\FR\FM\03JNN1.SGM
03JNN1
]]>Agencies
[Federal Register Volume 75, Number 106 (Thursday, June 3, 2010)]
[Notices]
[Page 31481]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-13332]
-----------------------------------------------------------------------
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 S-AM; SEC File No. 270-548; OMB Control No. 3235-
0609.
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 provided for in Regulation S-AM (17 CFR part 248, subpart
B), under the Fair and Accurate Credit Transactions Act of 2003 (Pub.
L. 108-159, Section 214, 117 Stat. 1952 (2003)) (``FACT Act''), the
Securities and Exchange Act of 1934 (15 U.S.C. 78a et seq.), the
Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.), and the
Investment Advisers Act of 1940 (15 U.S.C. 80b-1 et seq.). The
Commission plans to submit this existing collection of information to
the Office of Management and Budget for extension and approval.
Regulation S-AM implements the requirements of Section 214 of the
FACT Act as applied to brokers, dealers, and investment companies, as
well as investment advisers and transfer agents that are registered
with the Commission (collectively, ``Covered Persons''). As directed by
Section 214 of the FACT Act, before a receiving affiliate may make
marketing solicitations based on the communication of certain consumer
financial information from a Covered Person, the Covered Person must
provide a notice to each affected individual informing the individual
of his or her right to prohibit such marketing. The regulation
potentially applies to all of the approximately 21,466 Covered Persons
registered with the Commission, although only approximately 12,021 of
them have one or more corporate affiliates, and the regulation would
require only approximately 2,147 of them to provide consumers with
notice and an opt-out opportunity.
The Commission staff estimates that there are approximately 12,021
Covered Persons having one or more affiliates, and that they would
require an average one-time burden of 1 hour to review affiliate
marketing practices, for a total of 12,021 hours, at a total staff cost
of approximately $2,524,410. The staff also estimates that
approximately 2,147 Covered Persons would be required to provide notice
and opt-out opportunities to consumers, and would incur an average
first-year burden of 18 hours in doing so, for a total estimated first-
year burden of 38,646 hours, at a total staff cost of approximately
$10,279,836. With regard to continuing notice burdens, the staff
estimates that each of the approximately 2,147 Covered Persons required
to provide notice and opt-out opportunities to consumers would incur a
burden of approximately 4 hours per year to create and deliver notices
to new consumers and record any opt outs that are received on an
ongoing basis, for a total of 8,588 hours, at a total staff cost of
approximately $489,516 per year.
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 on
respondents; 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 submitted in writing to: Charles Boucher,
Director/Chief Information Officer, Securities and Exchange Commission,
c/o Shirley Martinson, 6432 General Green Way, Alexandria, VA 22312, or
by e-mail to: PRA_Mailbox@sec.gov.
Dated: May 26, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-13332 Filed 6-2-10; 8:45 am]
BILLING CODE 8010-01-P
