Proposed Collection; Comment Request, 8302 [2012-3339]
Download as PDF
<![CDATA[
8302
Federal Register / Vol. 77, No. 30 / Tuesday, February 14, 2012 / Notices
annual capital costs for all unregistered
money market funds of $1.98 million.33
Commission staff further estimates
that, even absent the requirements of
rule 2a–7, money market funds would
spend at least half of the amounts
described above for record preservation
($2.0 million) and for capital costs
($0.99 million). Commission staff
concludes that the aggregate annual
costs of compliance with the rule are
$2.0 million for record preservation and
$0.99 million for capital costs.
The collections of information
required for unregistered money market
funds by rule 12d1–1 are necessary in
order for acquiring funds to be able to
obtain the benefits described above.
Notices to the Commission 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.
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, 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. 2012–3340 Filed 2–13–12; 8:45 am]
BILLING CODE 8011–01–P
mstockstill on DSK4VPTVN1PROD with NOTICES
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:
Form 13F, SEC File No. 270–22, OMB
Control No. 3235–0006.
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’’) 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.
Section 13(f) 1 of the Securities
Exchange Act of 1934 2 (the ‘‘Exchange
Act’’) empowers the Commission to: (1)
Adopt rules that create a reporting and
disclosure system to collect specific
information; and (2) disseminate such
information to the public. Rule 13f–1 3
under the Exchange Act requires
institutional investment managers that
exercise investment discretion over
accounts that have in the aggregate a fair
market value of at least $100,000,000 of
certain U.S. exchange-traded equity
securities, as set forth in rule 13f–1(c),
to file quarterly reports with the
Commission on Form 13F.4
The information collection
requirements apply to institutional
investment managers that meet the $100
million reporting threshold. Section
13(f)(6) of the Exchange Act defines an
‘‘institutional investment manager’’ as
any person, other than a natural person,
investing in or buying and selling
securities for its own account, and any
person exercising investment discretion
with respect to the account of any other
person. Rule 13f–1(b) under the
Exchange Act defines ‘‘investment
discretion’’ for purposes of Form 13F
reporting.
The reporting system required by
Section 13(f) of the Exchange Act is
intended, among other things, to create
in the Commission a central repository
of historical and current data about the
investment activities of institutional
investment managers, and to improve
the body of factual data available to
regulators and the public.
The Commission staff estimates that
4,286 respondents make approximately
17,144 responses under the rule each
year. The staff estimates that on average,
Form 13F filers spend 98.8 hours/year
to prepare and submit the report. In
addition, the staff estimates that 171
1 15
33 This
estimate is based on the following
calculation: $150 billion × 0.0000132 = $1.98
million.
VerDate Mar<15>2010
21:57 Feb 13, 2012
Jkt 226001
U.S.C. 78m(f).
U.S.C. 78a et seq.
3 17 CFR 240.13f–1.
4 17 CFR 249.325.
Frm 00090
Fmt 4703
Dated: February 8, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–3339 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 35d–1; SEC File No. 270–491; OMB
Control No. 3235–0548.
2 15
PO 00000
respondents file approximately 684
amendments each year. The staff
estimates that on average, Form 13F
filers spend 4 hours/year to prepare and
submit amendments to Form 13F. The
total annual burden of the rule’s
requirements for all respondents
therefore is estimated to be 424,141
hours ((4,286 filers × 98.8 hours) + (171
filers × 4 hours)).
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act. The estimate
is not derived from a comprehensive or
even a representative survey or study of
the costs of Commission rules. 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.
Written comments are invited on: (a)
Whether the collections of information
are 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 burdens of the collections of
information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burdens of the collections
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 PavlikSimon, 6432 General Green Way,
Alexandria, VA 22312; or send an email
to: PRA_Mailbox@sec.gov.
Sfmt 4703
E:\FR\FM\14FEN1.SGM
14FEN1
]]>Agencies
[Federal Register Volume 77, Number 30 (Tuesday, February 14, 2012)]
[Notices]
[Page 8302]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-3339]
-----------------------------------------------------------------------
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:
Form 13F, SEC File No. 270-22, OMB Control No. 3235-0006.
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'') 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.
Section 13(f) \1\ of the Securities Exchange Act of 1934 \2\ (the
``Exchange Act'') empowers the Commission to: (1) Adopt rules that
create a reporting and disclosure system to collect specific
information; and (2) disseminate such information to the public. Rule
13f-1 \3\ under the Exchange Act requires institutional investment
managers that exercise investment discretion over accounts that have in
the aggregate a fair market value of at least $100,000,000 of certain
U.S. exchange-traded equity securities, as set forth in rule 13f-1(c),
to file quarterly reports with the Commission on Form 13F.\4\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78m(f).
\2\ 15 U.S.C. 78a et seq.
\3\ 17 CFR 240.13f-1.
\4\ 17 CFR 249.325.
---------------------------------------------------------------------------
The information collection requirements apply to institutional
investment managers that meet the $100 million reporting threshold.
Section 13(f)(6) of the Exchange Act defines an ``institutional
investment manager'' as any person, other than a natural person,
investing in or buying and selling securities for its own account, and
any person exercising investment discretion with respect to the account
of any other person. Rule 13f-1(b) under the Exchange Act defines
``investment discretion'' for purposes of Form 13F reporting.
The reporting system required by Section 13(f) of the Exchange Act
is intended, among other things, to create in the Commission a central
repository of historical and current data about the investment
activities of institutional investment managers, and to improve the
body of factual data available to regulators and the public.
The Commission staff estimates that 4,286 respondents make
approximately 17,144 responses under the rule each year. The staff
estimates that on average, Form 13F filers spend 98.8 hours/year to
prepare and submit the report. In addition, the staff estimates that
171 respondents file approximately 684 amendments each year. The staff
estimates that on average, Form 13F filers spend 4 hours/year to
prepare and submit amendments to Form 13F. The total annual burden of
the rule's requirements for all respondents therefore is estimated to
be 424,141 hours ((4,286 filers x 98.8 hours) + (171 filers x 4
hours)).
The estimate of average burden hours is made solely for the
purposes of the Paperwork Reduction Act. The estimate is not derived
from a comprehensive or even a representative survey or study of the
costs of Commission rules. 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.
Written comments are invited on: (a) Whether the collections of
information are 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 burdens
of the collections of information; (c) ways to enhance the quality,
utility, and clarity of the information collected; and (d) ways to
minimize the burdens of the collections 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.
Dated: February 8, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-3339 Filed 2-13-12; 8:45 am]
BILLING CODE 8011-01-P
