Submission for OMB Review; Comment Request, 39288 [2010-16547]

Download as PDF 39288 Federal Register / Vol. 75, No. 130 / Thursday, July 8, 2010 / Notices Education and Advocacy, Washington, DC 20549–0213. srobinson on DSKHWCL6B1PROD with NOTICES Extension: Rule 19d–3; SEC File No. 270–245; OMB Control No. 3235–0204. 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 provided for in Rule 19d–3 (17 CFR 240.19d–33)—Applications for Review of Final Disciplinary Sanctions, Denials of Membership, Participation or Association, or Prohibitions or Limitations of Access to Services Imposed by Self-Regulatory Organizations. Rule 19d–3 under the Securities Exchange Act of 1934 (17 U.S.C. 78a et seq.) prescribes the form and content of applications to the Commission by persons desiring stays of final disciplinary sanctions and summary action of self-regulatory organizations (‘‘SROs’’) for which the Commission is the appropriate regulatory agency. The Commission uses the information provided in the application filed pursuant to Rule 19d–3 to review final actions taken by SROs including: (1) Disciplinary sanctions; (2) denials of membership, participation or association; and (3) prohibitions on or limitations of access to SRO services. It is estimated that approximately 15 respondents will utilize this application procedure annually, with a total burden of 270 hours, for all respondents to complete all submissions. This figure is based upon past submissions. The staff estimates that the average number of hours necessary to comply with the requirements of Rule 19d–3 is 18 hours. The average cost per hour, to complete each submission, is approximately $101. Therefore, the total cost of compliance for all respondents is $27,270. (15 submissions × 18 hours × $101 per hour). 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 send an e-mail to: Shagufta_Ahmed@omb.eop.gov and (ii) Charles Boucher, Director/Chief VerDate Mar<15>2010 17:09 Jul 07, 2010 Jkt 220001 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 to OMB within 30 days of this notice. Dated: June 30, 2010. Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–16539 Filed 7–7–10; 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 607; SEC File No. 270–561; OMB Control No. 3235–0634. 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’’) has submitted to the Office of Management and Budget a request for extension of the previously approved collection of information discussed below. Regulation E (17 CFR 230.601– 230.610a) provides a conditional exemption from the registration provisions of the Securities Act of 1933 (15 U.S.C. 77a et seq.) (‘‘Securities Act’’) for securities of small business investment companies (‘‘SBICs’’) and investment companies that elect to be treated as business development companies (‘‘BDCs’’). Regulation E was initially adopted in 1958 and made available to SBICs pursuant to Section 3(c) of the Securities Act. Section 3(c) of the Securities Act generally permits the Securities and Exchange Commission (‘‘Commission’’) to add to the securities exempted from the Securities Act by Section 3 any class of securities issued by an SBIC. In 1984, pursuant to Section 3(b) of the Securities Act, Regulation E was amended to permit the availability of the exemption to BDCs. Section 3(b) of the Securities Act generally permits the Commission to add any class of securities to the securities exempted from the Securities Act by Section 3. Regulation E allows the exemption of securities issued by an SBIC which is registered under the Investment Company Act of 1940 (‘‘Investment Company Act’’) (15 U.S.C. 80a–1 et seq.) PO 00000 Frm 00088 Fmt 4703 Sfmt 9990 or a closed-end investment company that has elected to be regulated as a BDC under the Investment Company Act from registration under the Securities Act, so long as the aggregate offering price of all securities of the issuer that may be sold within a 12-month period does not exceed $5,000,000 and certain other conditions are met. Rule 607 (17 CFR 230.607) entitled, ‘‘Sales material to be filed,’’ requires that sales material used in connection with securities offerings under Regulation E to be filed with the Commission at least five days (excluding weekends and holidays) prior to its use. Respondents to this collection of information include SBICs and BDCs making an offering of securities under Regulation E. Each respondent’s reporting burden under rule 607 relates to the burden associated with filing its sales material electronically. The burden of filing electronically, however, is negligible and there have been no filings made under this rule, so this collection of information does not impose any burden on the industry. However, we are requesting one annual response and an annual burden of one hour for administrative purposes. The estimate of average burden hours is made solely for purposes of the Paperwork Reduction Act and is not derived from a quantitative, comprehensive, or even representative survey or study of the burdens associated with Commission rules and forms. The requirements of this collection of information are mandatory. 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. 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 at 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: June 30, 2010. Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–16547 Filed 7–7–10; 8:45 am] BILLING CODE 8010–01–P E:\FR\FM\08JYN1.SGM 08JYN1

Agencies

[Federal Register Volume 75, Number 130 (Thursday, July 8, 2010)]
[Notices]
[Page 39288]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-16547]


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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 607; SEC File No. 270-561; OMB Control No. 3235-0634.

    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'') has submitted to the Office of 
Management and Budget a request for extension of the previously 
approved collection of information discussed below.
    Regulation E (17 CFR 230.601-230.610a) provides a conditional 
exemption from the registration provisions of the Securities Act of 
1933 (15 U.S.C. 77a et seq.) (``Securities Act'') for securities of 
small business investment companies (``SBICs'') and investment 
companies that elect to be treated as business development companies 
(``BDCs''). Regulation E was initially adopted in 1958 and made 
available to SBICs pursuant to Section 3(c) of the Securities Act. 
Section 3(c) of the Securities Act generally permits the Securities and 
Exchange Commission (``Commission'') to add to the securities exempted 
from the Securities Act by Section 3 any class of securities issued by 
an SBIC. In 1984, pursuant to Section 3(b) of the Securities Act, 
Regulation E was amended to permit the availability of the exemption to 
BDCs. Section 3(b) of the Securities Act generally permits the 
Commission to add any class of securities to the securities exempted 
from the Securities Act by Section 3.
    Regulation E allows the exemption of securities issued by an SBIC 
which is registered under the Investment Company Act of 1940 
(``Investment Company Act'') (15 U.S.C. 80a-1 et seq.) or a closed-end 
investment company that has elected to be regulated as a BDC under the 
Investment Company Act from registration under the Securities Act, so 
long as the aggregate offering price of all securities of the issuer 
that may be sold within a 12-month period does not exceed $5,000,000 
and certain other conditions are met.
    Rule 607 (17 CFR 230.607) entitled, ``Sales material to be filed,'' 
requires that sales material used in connection with securities 
offerings under Regulation E to be filed with the Commission at least 
five days (excluding weekends and holidays) prior to its use. 
Respondents to this collection of information include SBICs and BDCs 
making an offering of securities under Regulation E. Each respondent's 
reporting burden under rule 607 relates to the burden associated with 
filing its sales material electronically. The burden of filing 
electronically, however, is negligible and there have been no filings 
made under this rule, so this collection of information does not impose 
any burden on the industry. However, we are requesting one annual 
response and an annual burden of one hour for administrative purposes. 
The estimate of average burden hours is made solely for purposes of the 
Paperwork Reduction Act and is not derived from a quantitative, 
comprehensive, or even representative survey or study of the burdens 
associated with Commission rules and forms.
    The requirements of this collection of information are mandatory. 
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.
    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 at 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: June 30, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-16547 Filed 7-7-10; 8:45 am]
BILLING CODE 8010-01-P
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