Proposed Collection; Comment Request, 8298 [2012-3336]
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8298
Federal Register / Vol. 77, No. 30 / Tuesday, February 14, 2012 / Notices
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Rule 6c–7 (17 CFR 270.6c–7) under
the Investment Company Act of 1940
(15 U.S.C. 80a–1 et seq.) (‘‘1940 Act’’)
provides exemption from certain
provisions of Sections 22(e) and 27 of
the 1940 Act for registered separate
accounts offering variable annuity
contracts to certain employees of Texas
institutions of higher education
participating in the Texas Optional
Retirement Program. There are
approximately 50 registrants governed
by Rule 6c–7. The burden of compliance
with Rule 6c–7, in connection with the
registrants obtaining from a purchaser,
prior to or at the time of purchase, a
signed document acknowledging the
restrictions on redeemability imposed
by Texas law, is estimated to be
approximately 3 minutes of professional
time per response for each of
approximately 2400 purchasers
annually (at an estimated $67 per
hour),1 for a total annual burden of 120
hours (at a total annual cost of $8,040).
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 or forms. The
Commission does not include in the
estimate of average burden hours the
time preparing registration statements
and sales literature disclosure regarding
the restrictions on redeemability
imposed by Texas law. The estimate of
burden hours for completing the
relevant registration statements are
reported on the separate PRA
submissions for those statements. (See
the separate PRA submissions for Form
N–3 (17 CFR 274.11b) and Form N–4 (17
CFR 274.11c.)
The Commission requests written
comments 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
1 $67/hour figure for a Compliance Clerk is from
SIFMA’s Office Salaries in the Securities Industry
2010, modified by Commission staff to account for
an 1800-hour work year and multiplied by 2.93 to
account for bonuses, firm size, employee benefits
and overhead.
VerDate Mar<15>2010
21:57 Feb 13, 2012
Jkt 226001
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, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Remi
Pavlik-Simon, 6432 General Green Way,
Alexandria, VA 22312; or send an email
to: PRA_Mailbox@sec.gov.
Dated: February 8, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–3335 Filed 2–13–12; 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:
Rule 11a–2; SEC File No. 270–267; OMB
Control No. 3235–0272.
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’’) 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 11a–2 (17 CFR 270.11a–2) under
the Investment Company Act of 1940
(15 U.S.C. 80a–1 et seq.) permits certain
registered insurance company separate
accounts, subject to certain conditions,
to make exchange offers without prior
approval by the Commission of the
terms of those offers. Rule 11a–2
requires disclosure, in certain
registration statements filed pursuant to
the Securities Act of 1933 (15 U.S.C. 77a
et seq.) of any administrative fee or sales
load imposed in connection with an
exchange offer.
There are currently 693 registrants
governed by Rule 11a–2. The
Commission includes the estimated
burden of complying with the
information collection required by Rule
11a–2 in the total number of burden
hours estimated for completing the
relevant registration statements and
reports the burden of Rule 11a–2 in the
separate PRA submissions for those
PO 00000
Frm 00086
Fmt 4703
Sfmt 4703
registration statements (see the separate
PRA submissions for Form N–3 (3235–
0316), Form N–4 (3235–0318) and Form
N–6 (3235–0503). The Commission is
requesting a burden of one hour for Rule
11a–2 for administrative purposes.
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 or forms.
With regard to Rule 11a–2, the
Commission includes the estimate of
burden hours in the total number of
burden hours estimated for completing
the relevant registration statements and
reported on the separate PRA
submissions for those statements (see
the separate PRA submissions for Form
N–3, Form N–4 and Form N–6). The
information collection requirements
imposed by Rule 11a–2 are mandatory.
Responses to the collection of
information will not be kept
confidential.
Written comments are invited on: (a)
Whether the collection of information is
necessary for the proper performance of
the functions of the Commission,
including whether the information has
practical utility; (b) the accuracy of the
Commission’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, Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Remi
Pavlik-Simon, 6432 General Green Way,
Alexandria, VA 22312; or send an email
to: PRA_Mailbox@sec.gov.
February 8, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–3336 Filed 2–13–12; 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
E:\FR\FM\14FEN1.SGM
14FEN1
]]>Agencies
[Federal Register Volume 77, Number 30 (Tuesday, February 14, 2012)]
[Notices]
[Page 8298]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-3336]
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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:
Rule 11a-2; SEC File No. 270-267; OMB Control No. 3235-0272.
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'') 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 11a-2 (17 CFR 270.11a-2) under the Investment Company Act of
1940 (15 U.S.C. 80a-1 et seq.) permits certain registered insurance
company separate accounts, subject to certain conditions, to make
exchange offers without prior approval by the Commission of the terms
of those offers. Rule 11a-2 requires disclosure, in certain
registration statements filed pursuant to the Securities Act of 1933
(15 U.S.C. 77a et seq.) of any administrative fee or sales load imposed
in connection with an exchange offer.
There are currently 693 registrants governed by Rule 11a-2. The
Commission includes the estimated burden of complying with the
information collection required by Rule 11a-2 in the total number of
burden hours estimated for completing the relevant registration
statements and reports the burden of Rule 11a-2 in the separate PRA
submissions for those registration statements (see the separate PRA
submissions for Form N-3 (3235-0316), Form N-4 (3235-0318) and Form N-6
(3235-0503). The Commission is requesting a burden of one hour for Rule
11a-2 for administrative purposes.
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 or forms. With regard to Rule 11a-2, the Commission
includes the estimate of burden hours in the total number of burden
hours estimated for completing the relevant registration statements and
reported on the separate PRA submissions for those statements (see the
separate PRA submissions for Form N-3, Form N-4 and Form N-6). The
information collection requirements imposed by Rule 11a-2 are
mandatory. Responses to the collection of information will not be kept
confidential.
Written comments are invited on: (a) Whether the collection of
information is necessary for the proper performance of the functions of
the Commission, including whether the information has practical
utility; (b) the accuracy of the Commission'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, Director/Chief
Information Officer, Securities and Exchange Commission, C/O Remi
Pavlik-Simon, 6432 General Green Way, Alexandria, VA 22312; or send an
email to: PRA_Mailbox@sec.gov.
February 8, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-3336 Filed 2-13-12; 8:45 am]
BILLING CODE 8011-01-P
