Submission for OMB Review; Comment Request, 41461 [2012-17073]
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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]
[Page 41461]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-17073]
-----------------------------------------------------------------------
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 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 x 4,159) for all advisers.
The disclosure requirements of rule 206(4)-3 do not require
recordkeeping or record retention. The collections of 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 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. 2012-17073 Filed 7-12-12; 8:45 am]
BILLING CODE 8011-01-P
