Submission for OMB Review; Comment Request, 20387-20388 [2011-8578]

Download as PDF srobinson on DSKHWCL6B1PROD with NOTICES Federal Register / Vol. 76, No. 70 / Tuesday, April 12, 2011 / Notices Notice is hereby given pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) that 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. In both 2009 and 2010, the Commission received over a million contacts from investors on a wide range of investment-related issues. These contacts generally fall into the following three categories: (a) Complaints against Commissionregulated individuals or entities; (b) Questions concerning the federal securities laws, companies or firms that the Commission regulates, or other investment-related questions; and (c) Tips concerning potential violations of the federal securities laws. Investors who submit complaints, ask questions, or provide tips do so voluntarily. To make it easier for the public to contact the agency electronically, the Commission created a series of online investor forms. Investors may access these forms through the SEC Center for Complaints and Enforcement Tips. The Investor form, asks for the same information as the Enforcement form, (OMB 3235–0672) but also provides options to choose to categorize the investor’s complaint, and possibly provide the investor with information about that issue. The investor will have the opportunity to describe their complaint, and they will be free to submit it without their name or contact information. Although the Investor form provides a structured format for incoming investor correspondence, the Commission does not require that investors use any particular form or format when contacting the agency. To the contrary, investors may submit complaints, questions, and tips through a variety of other means, including telephone, letter, facsimile, or e-mail. Approximately 20,000 investors each year voluntarily choose to use the complaint and question forms. Investors who choose not to use the Investor Form receive the same level of service as those who do. The dual purpose of the form is to make it easier for the public to contact the agency with complaints, questions, tips, or other feedback and to streamline the workflow of the Commission staff who handle those contacts. The Commission has used—and will continue to use—the information that investors supply on the Investor Form to VerDate Mar<15>2010 18:00 Apr 11, 2011 Jkt 223001 review and process the contact (which may, in turn, involve responding to questions, processing complaints, or, as appropriate, initiating enforcement investigations), to maintain a record of contacts, to track the volume of investor complaints, and to analyze trends. Use of the Investor Form is strictly voluntary. The Investor Form asks investors to provide information concerning, among other things, their names, how they can be reached, the names of the individuals or entities involved, the nature of their complaint, question, or tip, what documents they can provide, and what, if any, actions they have taken. The staff of the Commission estimates that the total reporting burden for using the complaint and question forms is 5,000 hours. The calculation of this estimate depends on the number of investors who use the forms each year and the estimated time it takes to complete the forms: 20,000 respondents × 15 minutes = 5,000 burden hours. The Commission may not conduct or sponsor a collection of information unless it displays a currently valid control number. No person shall be subject to any penalty for failing to comply with a collection of information subject to the PRA that does not display a valid Office of Management and Budget (OMB) 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 Thomas Bayer, Chief Information Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 6432 General Green Way, Alexandria, VA, 22312; or send an e-mail to: PRA_Mailbox@sec.gov. Dated: April 5, 2011. Cathy H. Ahn, Deputy Secretary. [FR Doc. 2011–8579 Filed 4–11–11; 8:45 am] BILLING CODE 8011–01–P PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 20387 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: Form CB; OMB Control No. 3235–0518; SEC File No. 270–457. 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 this request for extension of the previously approved collection of information discussed below. Form CB (17 CFR 239.800) is a document filed in connection with a tender offer for a foreign private issuer. This form is used to report an issuer tender offer conducted in compliance with Exchange Act Rule 13e–4(h)(8) (17 CFR 240.13e–4(h)(8)) and a third-party tender offer conducted in compliance with Exchange Act Rule 14d–1(c) (17 CFR 240.14d–1(c)). Form CB is also used by a subject company pursuant to Exchange Act Rule 14e–2(d) (17 CFR 240.14e–2(d)). This information is made available to the public. Information provided on Form CB is mandatory. Form CB takes approximately 0.5 hours per response to prepare and is filed by approximately 200 respondents annually. We estimate that 25% of the 0.5 hours per response (0.125 hours) is prepared by the respondent for an annual reporting burden of 25 hours (0.125 hours per response × 200 responses). 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. The public may view the background documentation for this information collection at the following Web site, https://www.reginfo.gov. 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 by sending an e-mail to: Shagufta_Ahmed@omb.eop.gov; and (ii) Thomas Bayer, Chief Information Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 6432 General Green Way, Alexandria, E:\FR\FM\12APN1.SGM 12APN1 20388 Federal Register / Vol. 76, No. 70 / Tuesday, April 12, 2011 / Notices 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: April 8, 2011. Cathy H. Ahn, Deputy Secretary. [FR Doc. 2011–8578 Filed 4–11–11; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION srobinson on DSKHWCL6B1PROD with NOTICES [Investment Company Act Release No. 29623; File No. 812–13870] FOR FURTHER INFORMATION CONTACT: Deepak T. Pai, Senior Counsel, at (202) 551–6876, or Dalia Osman Blass, Branch Chief, at (202) 551–6821 (Division of Investment Management, Office of Investment Company Regulation). SUPPLEMENTARY INFORMATION: The following is a summary of the application. The complete application may be obtained via the Commission’s Web site by searching for the file number, or an applicant using the Company name box, at https:// www.sec.gov/search/search.htm or by calling (202) 551–8090. Applicants’ Representations Russell Investment Company, et al.; 1. The Trusts are organized as Notice of Application Massachusetts business trusts and are registered under the Act as open-end April 6, 2011. management investment companies. AGENCY: Securities and Exchange RIMCo, a Washington corporation, is an Commission (‘‘Commission’’). investment adviser registered under the ACTION: Notice of an application under Investment Advisers Act of 1940, as section 6(c) of the Investment Company amended (the ‘‘Advisers Act’’) and Act of 1940 (‘‘Act’’) for an exemption currently serves as investment adviser from rule 12d1–2(a) under the Act. to each existing Applicant Fund (as defined below). RFS is a Washington SUMMARY OF APPLICATION: Applicants corporation, registered as a brokerrequest an order to permit open-end dealer under the Securities Exchange management investment companies Act of 1934, as amended, and serves as relying on rule 12d1–2 under the Act to the distributor for the Applicant Funds invest in certain financial instruments. that are series of the Trusts. 2. Applicants request the exemption APPLICANTS: Russell Investment Company and Russell Investment Funds to the extent necessary to permit any existing or future series of the Trusts (each a ‘‘Trust and collectively the and any other existing or future ‘‘Trusts), Russell Investment registered open-end investment Management Company (‘‘RIMCo’’), and company or series thereof that (i) Is Russell Financial Services, Inc. (‘‘RFS’’) DATES: Filing Dates: The application was advised by RIMCo or any person controlling, controlled by or under filed on February 17, 2011. Applicants common control with RIMCo (any such have agreed to file an amendment adviser or RIMCo, an ‘‘Adviser’’) 1; (ii) during the notice period, the substance invests in other registered open-end of which is reflected in this notice. investment companies (‘‘Underlying HEARING OR NOTIFICATION OF HEARING: An Funds’’) in reliance on section order granting the application will be 12(d)(1)(G) of the Act; and (iii) is also issued unless the Commission orders a eligible to invest in securities (as hearing. Interested persons may request defined in section 2(a)(36) of the Act) in a hearing by writing to the reliance on rule 12d1–2 under the Act Commission’s Secretary and serving (each an ‘‘Applicant Fund’’), to also applicants with a copy of the request, invest, to the extent consistent with its personally or by mail. Hearing requests investment objectives, policies, should be received by the Commission strategies and limitations, in financial by 5:30 p.m. on May 2, 2011 and should instruments that may not be securities be accompanied by proof of service on within the meaning of section 2(a)(36) of applicants, in the form of an affidavit or, the Act (‘‘Other Investments’’).2 for lawyers, a certificate of service. Applicants also request that the order Hearing requests should state the nature exempt any entity controlling, of the writer’s interest, the reason for the controlled by or under common control request, and the issues contested. with RFS that now or in the future acts Persons who wish to be notified of a hearing may request notification by 1 Any other Adviser will also be registered under writing to the Commission’s Secretary. the Advisers Act. 2 Every existing entity that currently intends to ADDRESSES: Secretary, Securities and Exchange Commission, 100 F Street, NE, rely on the requested order is named as an applicant. Any existing or future entity that relies Washington, DC 20549–1090; on the requested order will do so only in Applicants: 1301 Second Avenue, 18th accordance with the terms and condition in the application. Floor, Seattle, WA, 98101. VerDate Mar<15>2010 18:00 Apr 11, 2011 Jkt 223001 PO 00000 Frm 00084 Fmt 4703 Sfmt 4703 as principal underwriter with respect to the transactions described in the application. 3. Consistent with its fiduciary obligations under the Act, each Applicant Fund’s board of trustees will review the advisory fees charged by the Applicant Fund’s Adviser to ensure that they are based on services provided that are in addition to, rather than duplicative of, services provided pursuant to the advisory agreement of any investment company in which the Applicant Fund may invest. Applicants’ Legal Analysis 1. Section 12(d)(1)(A) of the Act provides that no registered investment company (‘‘acquiring company’’) may acquire securities of another investment company (‘‘acquired company’’) if such securities represent more than 3% of the acquired company’s outstanding voting stock or more than 5% of the acquiring company’s total assets, or if such securities, together with the securities of other investment companies, represent more than 10% of the acquiring company’s total assets. Section 12(d)(1)(B) of the Act provides that no registered open-end investment company may sell its securities to another investment company if the sale will cause the acquiring company to own more than 3% of the acquired company’s voting stock, or cause more than 10% of the acquired company’s voting stock to be owned by investment companies and companies controlled by them. 2. Section 12(d)(1)(G) of the Act provides, in part, that section 12(d)(1) will not apply to securities of an acquired company purchased by an acquiring company if: (i) The acquired company and acquiring company are part of the same group of investment companies; (ii) the acquiring company holds only securities of acquired companies that are part of the same group of investment companies, government securities, and short-term paper; (iii) the aggregate sales loads and distribution-related fees of the acquiring company and the acquired company are not excessive under rules adopted pursuant to section 22(b) or section 22(c) of the Act by a securities association registered under section 15A of the Exchange Act or by the Commission; and (iv) the acquired company has a policy that prohibits it from acquiring securities of registered open-end investment companies or registered unit investment trusts in reliance on section 12(d)(1)(F) or (G) of the Act. 3. Rule 12d1–2 under the Act permits a registered open-end investment E:\FR\FM\12APN1.SGM 12APN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 76, Number 70 (Tuesday, April 12, 2011)]
[Notices]
[Pages 20387-20388]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-8578]


-----------------------------------------------------------------------

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:
Form CB; OMB Control No. 3235-0518; SEC File No. 270-457.

    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 this request for extension of the previously approved 
collection of information discussed below.
    Form CB (17 CFR 239.800) is a document filed in connection with a 
tender offer for a foreign private issuer. This form is used to report 
an issuer tender offer conducted in compliance with Exchange Act Rule 
13e-4(h)(8) (17 CFR 240.13e-4(h)(8)) and a third-party tender offer 
conducted in compliance with Exchange Act Rule 14d-1(c) (17 CFR 
240.14d-1(c)). Form CB is also used by a subject company pursuant to 
Exchange Act Rule 14e-2(d) (17 CFR 240.14e-2(d)). This information is 
made available to the public. Information provided on Form CB is 
mandatory. Form CB takes approximately 0.5 hours per response to 
prepare and is filed by approximately 200 respondents annually. We 
estimate that 25% of the 0.5 hours per response (0.125 hours) is 
prepared by the respondent for an annual reporting burden of 25 hours 
(0.125 hours per response x 200 responses).
    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.
    The public may view the background documentation for this 
information collection at the following Web site, https://www.reginfo.gov. 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 by sending an e-
mail to: Shagufta_Ahmed@omb.eop.gov; and (ii) Thomas Bayer, Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 6432 General Green Way, Alexandria,

[[Page 20388]]

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: April 8, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-8578 Filed 4-11-11; 8:45 am]
BILLING CODE 8011-01-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.