Proposed Collection; Comment Request, 27101-27102 [2012-11005]
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srobinson on DSK4SPTVN1PROD with NOTICES
Federal Register / Vol. 77, No. 89 / Tuesday, May 8, 2012 / Notices
per registration statement). The
Commission estimates that the hour
burden for preparing and filing a posteffective amendment on Form N–6 is
67.5 hours. The total annual hour
burden for preparing and filing posteffective amendments is 28,957.5 hours
(429 post-effective amendments
annually times 67.5 hours per
amendment). The frequency of response
is annual. The total annual hour burden
for Form N–6, therefore, is estimated to
be 34,349.25 hours (5,391.75 hours for
initial registration statements plus
28,957.5 hours for post-effective
amendments).
The Commission estimates that the
cost burden for preparing an initial
Form N–6 filing is $23,440 per portfolio
and the current cost burden for
preparing a post-effective amendment to
a previously effective registration
statement is $8,523 per portfolio. The
Commission estimates that, on an
annual basis, 7 portfolios will be
referenced in an initial Form N–6 and
429 portfolios will be referenced in a
post-effective amendment of Form N–6.
Thus, the total cost burden allocated to
Form N–6 would be $3,820,447.
The information collection
requirements imposed by Form N–6 are
mandatory. Responses to the collection
of information will not be kept
confidential. Estimates of average
burden hours are made solely for the
purposes of the Paperwork Reduction
Act, and are not derived from a
comprehensive or even a representative
survey or study of the costs of
Commission rules and forms. 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-
VerDate Mar<15>2010
17:33 May 07, 2012
Jkt 226001
Simon, 6432 General Green Way,
Alexandria, VA 22312; or send an email
to: PRA_Mailbox@sec.gov.
Dated: May 2, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–11006 Filed 5–7–12; 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:
Form N–4; SEC File No. 270–282; OMB
Control No. 3235–0318.
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.
The collection of information is
entitled: ‘‘Form N–4 (17 CFR 239.17b)
under the Securities Act of 1933 and (17
CFR 274.11c) under the Investment
Company Act of 1940, registration
statement of separate accounts
organized as unit investment trust.’’
Form N–4 is the form used by insurance
company separate accounts organized as
unit investment trusts that offer variable
annuity contracts to register as
investment companies under the
Investment Company Act of 1940
(15 U.S.C. 80a–1 et seq.) and/or to
register their securities under the
Securities Act of 1933 (15 U.S.C. 77a et
seq.). Section 5 of the Securities Act (15
U.S.C. 77e) requires the filing of a
registration statement prior to the offer
of securities to the public and that the
registration statement be effective before
any securities are sold, and Section 8 of
the Investment Company Act (15 U.S.C.
80a–8) provides for the registration of
investment companies. Pursuant to
Form N–4, separate accounts organized
as unit investment trusts that offer
variable annuity contracts provide
investors with a prospectus and a
statement of additional information
covering essential information about a
separate account. Section 5(b) of the
Securities Act requires that investors be
PO 00000
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Sfmt 4703
27101
provided with a prospectus containing
the information required in a
registration statement prior to or at the
time of sale or delivery of securities.
The purpose of Form N–4 is to meet
the filing and disclosure requirements of
the Securities Act and the Investment
Company Act and to enable filers to
provide investors with information
necessary to evaluate an investment in
a security. The information required to
be filed with the Commission permits
verification of compliance with
securities law requirements and assures
the public availability and
dissemination of the information.
The estimated annual number of
filings on Form N–4 is 124 initial
registration statements and 1,127 posteffective amendments. The estimated
average number of portfolios per filing
is one, both for initial registration
statements and post-effective
amendments on Form N–4.
Accordingly, the estimated number of
portfolios referenced in initial Form N–
4 filings annually is 124 and the
estimated number of portfolios
referenced in post-effective amendment
filings on Form N–4 annually is 1,127.
The estimate of the annual hour burden
for Form N–4 is approximately 278.5
hours per initial registration statement
and 197.25 hours per post-effective
amendment, for a total of 256,834.75
hours ((124 initial registration
statements × 278.5 hours) + (1,127 posteffective amendments × 197.25 hours)).
The current estimated annual cost
burden for preparing an initial Form N–
4 filing is $22,319 per portfolio and the
current estimated annual cost burden
for preparing a post-effective
amendment filing on Form N–4 is
$21,155 per portfolio. The Commission
estimates that, on an annual basis, 124
portfolios will be referenced in initial
Form N–4 filings and 1,127 portfolios
will be referenced in post-effective
amendment filings on Form N–4. Thus,
the estimated total annual cost burden
allocated to Form N 4 would be
$26,609,241 ((124 × $22,319) + (1,127 ×
$21,155)).
Providing the information required by
Form N–4 is mandatory. Responses will
not be kept confidential. Estimates of
average burden hours are made solely
for the purposes of the Paperwork
Reduction Act, and are not derived from
a comprehensive or even a
representative survey or study of the
costs of Commission rules and forms.
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.
E:\FR\FM\08MYN1.SGM
08MYN1
27102
Federal Register / Vol. 77, No. 89 / Tuesday, May 8, 2012 / Notices
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 PavlikSimon, 6432 General Green Way,
Alexandria, VA 22312; or send an email
to: PRA_Mailbox@sec.gov.
Dated: May 2, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–11005 Filed 5–7–12; 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.
srobinson on DSK4SPTVN1PROD with NOTICES
Extension:
Rule 206(4)–3; SEC File No. 270–218; OMB
Control No. 3235–0242.
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
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Rule 206(4)–3 (17 CFR 275.206(4)–3)
under the Investment Advisers Act of
1940, which is entitled ‘‘Cash Payments
for Client Solicitations,’’ provides
restrictions on cash payments for client
solicitations. The rule requires that an
adviser pay all solicitors’ fees pursuant
to a written agreement. When an adviser
will provide only impersonal advisory
services to the prospective client, the
VerDate Mar<15>2010
17:33 May 07, 2012
Jkt 226001
rule imposes no disclosure
requirements. When the solicitor is
affiliated with the adviser and the
adviser will provide individualized
advisory services to the prospective
client, the solicitor must, at the time of
the solicitation or referral, indicate to
the prospective client that he is
affiliated with the adviser. When the
solicitor is not affiliated with the
adviser and the adviser will provide
individualized advisory services to the
prospective client, the solicitor must, at
the time of the solicitation or referral,
provide the prospective client with a
copy of the adviser’s brochure and a
disclosure document containing
information specified in rule 206(4)–3.
Amendments to rule 206(4)–3, adopted
in 2010 in connection with rule 206(4)–
5, specify that solicitation activities
involving a government entity, as
defined in rule 206(4)–5, are subject to
the additional limitations of rule
206(4)–5. The information rule 206(4)–
3 requires is necessary to inform
advisory clients about the nature of the
solicitor’s financial interest in the
recommendation so the prospective
clients may consider the solicitor’s
potential bias, and to protect clients
against solicitation activities being
carried out in a manner inconsistent
with the adviser’s fiduciary duty to
clients. Rule 206(4)–3 is applicable to
all Commission-registered investment
advisers. The Commission believes that
approximately 4,159 of these advisers
have cash referral fee arrangements. The
rule requires approximately 7.04 burden
hours per year per adviser and results in
a total of approximately 29,279 total
burden hours (7.04 × 4,159) for all
advisers.
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. The Commission may not
conduct or sponsor a collection of
information unless it displays a
currently valid OMB number. No person
shall be subject to any penalty for failing
to comply with a collection of
PO 00000
Frm 00090
Fmt 4703
Sfmt 4703
information subject to the PRA that does
not display a valid OMB number.
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.
Dated: May 2, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–11004 Filed 5–7–12; 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 30e–2, SEC File No. 270–437, OMB
Control No. 3235–0494.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) (‘‘Paperwork
Reduction Act’’), 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 (‘‘OMB’’) for
extension and approval.
Rule 30e–2 (17 CFR 270.30e–2) under
the Investment Company Act of 1940
(15 U.S.C. 80a–1 et seq.) (‘‘Investment
Company Act’’) requires registered unit
investment trusts (‘‘UITs’’) that invest
substantially all of their assets in shares
of a management investment company
(‘‘fund’’) to send their unitholders
annual and semiannual reports
containing financial information on the
underlying company. Specifically, rule
30e–2 requires that the report contain
all the applicable information and
financial statements or their equivalent,
required by rule 30e-1 under the
Investment Company Act (17 CFR
270.30e–1) to be included in reports of
the underlying fund for the same fiscal
period. Rule 30e–1 requires that the
underlying fund’s report contain, among
other things, the information that is
required to be included in such reports
by the fund’s registration statement form
under the Investment Company Act.
The purpose of this requirement is to
apprise current shareholders of the
E:\FR\FM\08MYN1.SGM
08MYN1
]]>Agencies
[Federal Register Volume 77, Number 89 (Tuesday, May 8, 2012)]
[Notices]
[Pages 27101-27102]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-11005]
-----------------------------------------------------------------------
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 N-4; SEC File No. 270-282; OMB Control No. 3235-0318.
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.
The collection of information is entitled: ``Form N-4 (17 CFR
239.17b) under the Securities Act of 1933 and (17 CFR 274.11c) under
the Investment Company Act of 1940, registration statement of separate
accounts organized as unit investment trust.'' Form N-4 is the form
used by insurance company separate accounts organized as unit
investment trusts that offer variable annuity contracts to register as
investment companies under the Investment Company Act of 1940 (15
U.S.C. 80a-1 et seq.) and/or to register their securities under the
Securities Act of 1933 (15 U.S.C. 77a et seq.). Section 5 of the
Securities Act (15 U.S.C. 77e) requires the filing of a registration
statement prior to the offer of securities to the public and that the
registration statement be effective before any securities are sold, and
Section 8 of the Investment Company Act (15 U.S.C. 80a-8) provides for
the registration of investment companies. Pursuant to Form N-4,
separate accounts organized as unit investment trusts that offer
variable annuity contracts provide investors with a prospectus and a
statement of additional information covering essential information
about a separate account. Section 5(b) of the Securities Act requires
that investors be provided with a prospectus containing the information
required in a registration statement prior to or at the time of sale or
delivery of securities.
The purpose of Form N-4 is to meet the filing and disclosure
requirements of the Securities Act and the Investment Company Act and
to enable filers to provide investors with information necessary to
evaluate an investment in a security. The information required to be
filed with the Commission permits verification of compliance with
securities law requirements and assures the public availability and
dissemination of the information.
The estimated annual number of filings on Form N-4 is 124 initial
registration statements and 1,127 post-effective amendments. The
estimated average number of portfolios per filing is one, both for
initial registration statements and post-effective amendments on Form
N-4. Accordingly, the estimated number of portfolios referenced in
initial Form N-4 filings annually is 124 and the estimated number of
portfolios referenced in post-effective amendment filings on Form N-4
annually is 1,127. The estimate of the annual hour burden for Form N-4
is approximately 278.5 hours per initial registration statement and
197.25 hours per post-effective amendment, for a total of 256,834.75
hours ((124 initial registration statements x 278.5 hours) + (1,127
post-effective amendments x 197.25 hours)).
The current estimated annual cost burden for preparing an initial
Form N-4 filing is $22,319 per portfolio and the current estimated
annual cost burden for preparing a post-effective amendment filing on
Form N-4 is $21,155 per portfolio. The Commission estimates that, on an
annual basis, 124 portfolios will be referenced in initial Form N-4
filings and 1,127 portfolios will be referenced in post-effective
amendment filings on Form N-4. Thus, the estimated total annual cost
burden allocated to Form N 4 would be $26,609,241 ((124 x $22,319) +
(1,127 x $21,155)).
Providing the information required by Form N-4 is mandatory.
Responses will not be kept confidential. Estimates of average burden
hours are made solely for the purposes of the Paperwork Reduction Act,
and are not derived from a comprehensive or even a representative
survey or study of the costs of Commission rules and forms. 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.
[[Page 27102]]
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.
Dated: May 2, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-11005 Filed 5-7-12; 8:45 am]
BILLING CODE 8011-01-P
