Submission for OMB Review; Comment Request, 29394 [2012-11929]
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29394
Federal Register / Vol. 77, No. 96 / Thursday, May 17, 2012 / Notices
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.
mstockstill on DSK6TPTVN1PROD with NOTICES
Extension:
Rule 15g–5; OMB Control No. 3235–0394;
SEC File No. 270–348.
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 approval of extension of the
previously approved collection of
information provided for in the
following rule: Rule 15g–5—Disclosure
of compensation of associated persons
in connection with penny stock
transactions (17 CRF 240.15g–5) under
the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.).
Rule 15g–5 requires brokers and
dealers to disclose to customers the
amount of compensation to be received
by their sales agents in connection with
penny stock transactions. The purpose
of the rule is to increase the level of
disclosure to investors concerning
penny stocks generally and specific
penny stock transactions.
The Commission estimates that
approximately 209 broker-dealers will
spend an average of 87 hours annually
to comply with the rule. Thus, the total
compliance burden is approximately
18,183 burden-hours per year.
Rule 15g–5 contains record retention
requirements. Compliance with the rule
is mandatory.
The Commission may not conduct or
sponsor 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.
Background documentation for this
information collection may be viewed at
the following Web site,
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 email to:
Shagufta_Ahmed@omb.eop.gov; and (ii)
Thomas Bayer, Director/Chief
VerDate Mar<15>2010
17:20 May 16, 2012
Jkt 226001
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. Comments
must be submitted within 30 days of
this notice.
Dated: May 11, 2012.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–11929 Filed 5–16–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
30063; 812–13846]
Van Eck VIP Trust, et al.; Notice of
Application
May 10, 2012.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of an application to
amend a prior order under section
12(d)(1)(J) of the Investment Company
Act of 1940 (‘‘Act’’) for an exemption
from sections 12(d)(1)(A) and (C) of the
Act.
AGENCY:
Van Eck VIP Trust (f/k/a
Van Eck Worldwide Insurance Trust)
(‘‘VIP’’), Van Eck Funds, Market Vectors
ETF Trust (each, a ‘‘Trust’’ and
collectively, the ‘‘Trusts’’), and Van Eck
Associates Corporation (the ‘‘Adviser’’).
SUMMARY OF THE APPLICATION:
Applicants previously obtained an order
(‘‘Prior Order’’) permitting certain
registered open-end management
investment companies to acquire shares
of other registered open-end
management investment companies and
unit investment trusts that are within
and outside the same group of
investment companies in excess of the
limits imposed by sections 12(d)(1)(A)
and 12(d)(1)(B) of the Act.1 Applicants
request an order (‘‘Order’’) that would
amend the Prior Order by also
permitting such registered open-end
management investment companies to
acquire shares of registered closed-end
investment companies and business
development companies as defined by
section 2(a)(48) of the Act (‘‘business
development companies,’’ and,
collectively with registered closed-end
APPLICANTS:
1 In the Matter of Van Eck Worldwide Insurance
Trust, et al., Investment Company Act Release Nos.
27820 (May 9, 2007) (notice) and 27849 (June 1,
2007) (order). Van Eck Funds, Inc. was a party to
the application for the Prior Order but is not among
the applicants for the Application (as defined
below) because Van Eck Funds, Inc. was
deregistered on June 25, 2008 (under the name Van
Eck Funds II, Inc.).
PO 00000
Frm 00082
Fmt 4703
Sfmt 4703
investment companies, ‘‘Closed-End
Funds’’) that are within and outside the
same group of investment companies in
excess of the limits imposed by sections
12(d)(1)(A) and 12(d)(1)(C) of the Act.
The application was filed
on November 16, 2010, and amended on
May 10, 2011, November 18, 2011,
March 15, 2012, and May 7, 2012.
FILING DATES:
An
order granting the application will be
issued unless the Commission orders a
hearing. Interested persons may request
a hearing by writing to the
Commission’s Secretary and serving
applicants with a copy of the request,
personally or by mail. Hearing requests
should be received by the Commission
by 5:30 p.m. on June 4, 2012, and
should be accompanied by proof of
service on applicants in the form of an
affidavit or, for lawyers, a certificate of
service. Hearing requests should state
the nature of the writer’s interest, the
reason for the request, and the issues
contested. Persons who wish to be
notified of a hearing may request
notification by writing to the
Commission’s Secretary.
HEARING OR NOTIFICATION OF HEARING:
Elizabeth M. Murphy,
Secretary, U.S. Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090;
Applicants, 335 Madison Avenue 19th
Floor, New York, New York 10017.
ADDRESSES:
Jill
Ehrlich, Senior Counsel, at (202) 551–
6819, or David P. Bartels, Branch Chief,
at (202) 551–6821 (Division of
Investment Management, Office of
Investment Company Regulation).
FOR FURTHER INFORMATION CONTACT:
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 for an applicant using the
Company name box, at https://
www.sec.gov/search/search.htm or by
calling (202) 551–8090.
SUPPLEMENTARY INFORMATION:
Applicants’ Representations
1. Each Trust is registered under the
Act as an open-end management
investment company. The shares of each
series of VIP currently are offered and
sold through registered separate
accounts of insurance companies that
are not affiliates of the Adviser
(‘‘Registered Separate Accounts’’) and
unregistered separate accounts of
insurance companies that are not
affiliates of the Adviser (‘‘Unregistered
Separate Accounts’’ and, together with
the Registered Separate Accounts, the
E:\FR\FM\17MYN1.SGM
17MYN1
]]>Agencies
[Federal Register Volume 77, Number 96 (Thursday, May 17, 2012)]
[Notices]
[Page 29394]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-11929]
[[Page 29394]]
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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 15g-5; OMB Control No. 3235-0394; SEC File No. 270-348.
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 approval of extension of the previously approved
collection of information provided for in the following rule: Rule 15g-
5--Disclosure of compensation of associated persons in connection with
penny stock transactions (17 CRF 240.15g-5) under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et seq.).
Rule 15g-5 requires brokers and dealers to disclose to customers
the amount of compensation to be received by their sales agents in
connection with penny stock transactions. The purpose of the rule is to
increase the level of disclosure to investors concerning penny stocks
generally and specific penny stock transactions.
The Commission estimates that approximately 209 broker-dealers will
spend an average of 87 hours annually to comply with the rule. Thus,
the total compliance burden is approximately 18,183 burden-hours per
year.
Rule 15g-5 contains record retention requirements. Compliance with
the rule is mandatory.
The Commission may not conduct or sponsor 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.
Background documentation for this information collection may be
viewed at the following Web site, 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 email to: Shagufta_Ahmed@omb.eop.gov; and (ii) 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. Comments must be submitted within 30 days of this
notice.
Dated: May 11, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-11929 Filed 5-16-12; 8:45 am]
BILLING CODE 8011-01-P
