Submission for OMB Review; Comment Request, 41460-41461 [2012-17072]

Download as PDF 41460 Federal Register / Vol. 77, No. 135 / Friday, July 13, 2012 / Notices Authorization No. Agency name Organization name Position title Effective date Deputy Press Secretary ................. SB120020 03/29/2012 Department of State ....................... Department of the Treasury ........... Office of Communications and Public Liaison. Office of the Chief of Protocol ....... Under Secretary for International Affairs. Protocol Officer .............................. Managing Director, China Operations. DS120061 DY120068 03/30/2012 03/22/2012 The following Schedule C appointing authorities were revoked during March 2012. Authorization No. Agency name Organization name Position title Department of Agriculture ................ Department of Commerce ................ Rural Housing Service ..................... Office of the Director ....................... Department of Energy ...................... National Oceanic and Atmospheric Administration. Office of Legislative and Intergovernmental Affairs. Assistant Secretary for Congressional and Intergovernmental Affairs. Office of the Chief of Staff ............... Office of the Secretary ..................... Office of External Affairs .................. Special Assistant ............................. Associate Director for Business Development. Policy Advisor for the Under Secretary. Legislative Assistant ........................ Department of Homeland Security ... Department of the Navy ................... Federal Energy Regulatory Commission. President’s Commission on White House Fellowships. President’s Commission on White House Fellowships. Authority: 5 U.S.C. 3301 and 3302; E.O. 10577, 3 CFR 1954–1958 Comp., p. 218. U.S. Office of Personnel Management. John Berry, Director. [FR Doc. 2012–17128 Filed 7–12–12; 8:45 am] BILLING CODE 6325–39–P 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. srobinson on DSK4SPTVN1PROD with NOTICES Extension: Rule 30e–2; SEC File No. 270–437; OMB Control No. 3235–0494. Notice is hereby given that, under the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), (‘‘Paperwork Reduction Act’’) the Securities and Exchange Commission (the ‘‘Commission’’) has submitted to the Office of Management and Budget (‘‘OMB’’) a request for extension of the previously approved collection of information discussed below. Rule 30e–2 (17 CFR 270.30e–2) under the Investment Company Act of 1940 VerDate Mar<15>2010 17:08 Jul 12, 2012 Jkt 226001 DA120016 DC100041 3/18/2012 3/9/2012 DC110056 3/9/2012 DC100072 3/10/2012 Deputy Assistant Secretary for Senate Affairs. DE100106 3/10/2012 Deputy White House Liaison ........... Special Assistant ............................. Deputy Director, Office of External Affairs. Special Assistant ............................. DM110161 DN110008 DR100017 3/10/2012 3/11/2012 3/18/2012 WH110001 3/10/2012 (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 operational and financial condition of the UIT. Absent the requirement to disclose all material information in reports, investors would be unable to obtain accurate information upon which to base investment decisions and consumer confidence in the securities industry might be adversely affected. Requiring the submission of these reports to the Commission permits us to PO 00000 Frm 00111 Fmt 4703 Effective date Sfmt 4703 verify compliance with securities law requirements. Rule 30e–2, however, permits, under certain conditions, delivery of a single shareholder report to investors who share an address (‘‘householding’’). Specifically, rule 30e–2 permits householding of annual and semiannual reports by UITs to satisfy the delivery requirements of rule 30e–2 if, in addition to the other conditions set forth in the rule, the UIT has obtained from each applicable investor written or implied consent to the householding of shareholder reports at such address. The rule requires UITs that wish to household shareholder reports with implied consent to send a notice to each applicable investor stating that the investors in the household will receive one report in the future unless the investors provide contrary instructions. In addition, at least once a year, UITs relying on the rule for householding must explain to investors who have provided written or implied consent how they can revoke their consent. The purpose of the notice and annual explanation requirements associated with the householding provisions of the rule is to ensure that investors who wish to receive individual copies of shareholder reports are able to do so. The Commission estimates that the annual burden associated with rule 30e– E:\FR\FM\13JYN1.SGM 13JYN1 Federal Register / Vol. 77, No. 135 / Friday, July 13, 2012 / Notices 2 is 121 hours per respondent, including an estimated 20 hours associated with the notice requirement for householding and an estimated 1 hour associated with the explanation of the right to revoke consent to householding. The Commission estimates that there are currently approximately 760 UITs. Therefore, the Commission estimates that the total hour burden is approximately 91,960 hours. In addition to the burden hours, the Commission estimates that the annual cost of contracting for outside services associated with rule 30e–2 is $20,000 per respondent, for a total cost of approximately $15,200,000. 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 representative survey or study of the costs of Commission rules and forms. The collection of information under rule 30e–2 is mandatory. The information provided under rule 30e–2 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 OMB control number. The public may view the background documentation for this information collection 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 PavlikSimon, 6432 General Green Way, Alexandria, VA 22312; or send an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: July 9, 2012. Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2012–17072 Filed 7–12–12; 8:45 am] BILLING CODE 8011–01–P srobinson on DSK4SPTVN1PROD with 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. VerDate Mar<15>2010 17:08 Jul 12, 2012 Jkt 226001 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’’) has submitted to the Office of Management and Budget a request for approval of extension of the previously approved collection of information discussed below. 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 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. The disclosure requirements of rule 206(4)–3 do not require recordkeeping or record retention. The collections of PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 41461 information requirements under the rules are mandatory. Information subject to the disclosure requirements of rule 206(4)–3 is not submitted to the Commission. The disclosures pursuant to the rule are not 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 OMB control number. The public may view background documentation for this information collection at the following Web site, www.reginfo.gov. Please direct general comments regarding the above information to the following persons: (i) Desk Officer for the Securities and Exchange Commission, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503 or email to: Shagufta_Ahmed@omb.eop.gov; and (ii) 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. Comments must be submitted to OMB within 30 days of this notice. Dated: July 9, 2012. Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2012–17073 Filed 7–12–12; 8:45 am] BILLING CODE 8011–01–P 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 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’’) has submitted to the Office of Management and Budget (‘‘OMB’’) a request for extension of the previously approved collection of information discussed below. 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.’’ E:\FR\FM\13JYN1.SGM 13JYN1

Agencies

[Federal Register Volume 77, Number 135 (Friday, July 13, 2012)]
[Notices]
[Pages 41460-41461]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-17072]


=======================================================================
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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 30e-2; SEC File No. 270-437; OMB Control No. 3235-0494.

    Notice is hereby given that, under the Paperwork Reduction Act of 
1995 (44 U.S.C. 3501 et seq.), (``Paperwork Reduction Act'') the 
Securities and Exchange Commission (the ``Commission'') has submitted 
to the Office of Management and Budget (``OMB'') a request for 
extension of the previously approved collection of information 
discussed below.
    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 operational and financial condition 
of the UIT. Absent the requirement to disclose all material information 
in reports, investors would be unable to obtain accurate information 
upon which to base investment decisions and consumer confidence in the 
securities industry might be adversely affected. Requiring the 
submission of these reports to the Commission permits us to verify 
compliance with securities law requirements.
    Rule 30e-2, however, permits, under certain conditions, delivery of 
a single shareholder report to investors who share an address 
(``householding''). Specifically, rule 30e-2 permits householding of 
annual and semi-annual reports by UITs to satisfy the delivery 
requirements of rule 30e-2 if, in addition to the other conditions set 
forth in the rule, the UIT has obtained from each applicable investor 
written or implied consent to the householding of shareholder reports 
at such address. The rule requires UITs that wish to household 
shareholder reports with implied consent to send a notice to each 
applicable investor stating that the investors in the household will 
receive one report in the future unless the investors provide contrary 
instructions. In addition, at least once a year, UITs relying on the 
rule for householding must explain to investors who have provided 
written or implied consent how they can revoke their consent. The 
purpose of the notice and annual explanation requirements associated 
with the householding provisions of the rule is to ensure that 
investors who wish to receive individual copies of shareholder reports 
are able to do so.
    The Commission estimates that the annual burden associated with 
rule 30e-

[[Page 41461]]

2 is 121 hours per respondent, including an estimated 20 hours 
associated with the notice requirement for householding and an 
estimated 1 hour associated with the explanation of the right to revoke 
consent to householding. The Commission estimates that there are 
currently approximately 760 UITs. Therefore, the Commission estimates 
that the total hour burden is approximately 91,960 hours. In addition 
to the burden hours, the Commission estimates that the annual cost of 
contracting for outside services associated with rule 30e-2 is $20,000 
per respondent, for a total cost of approximately $15,200,000.
    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 representative survey or study of the costs of Commission rules 
and forms. The collection of information under rule 30e-2 is mandatory. 
The information provided under rule 30e-2 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 OMB control number.
    The public may view the background documentation for this 
information collection 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 to OMB within 30 days 
of this notice.

    Dated: July 9, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-17072 Filed 7-12-12; 8:45 am]
BILLING CODE 8011-01-P
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