Proposed Amendment to Prohibited Transaction Exemption 2006-06 (PTE 2006-06) for Services Provided in Connection with the Termination of Abandoned Individual Account Plans, 10639-10640 [2013-03463]

Download as PDF Federal Register / Vol. 78, No. 31 / Thursday, February 14, 2013 / Notices revised disclosure provisions for mutual funds including a summary prospectus rule that were published in 2009.1 Pursuant to the SEC’s revised disclosure provisions, mutual funds also are required to send the full prospectus to the investor upon an investor’s request 2 and to provide the full prospectus online at a specified Internet site.3 An agency may not conduct or sponsor, and a person is not required to respond to, an information collection unless it displays a valid OMB control number. A summary of the current burden estimates for the revised ICR follows: Agency: Employee Benefits Security Administration, Department of Labor. Title: Class Exemption 77–4 for Certain Transactions Between Investment Companies and Employee Benefit Plans. Type of Review: Amendment to a currently approved collection of information. OMB Number: 1210–0049. Affected Public: Business or other forprofit; Not-for-profit institutions. Respondents: 700. Responses: 363,000. Estimated Total Burden Hours: 33,600. Estimated Total Burden Cost (Operating and Maintenance): $213,000. II. Focus of Comments sroberts on DSK5SPTVN1PROD with NOTICES The Department is particularly interested in comments that: • Evaluate whether the collections of information are necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; • Evaluate the accuracy of the agency’s estimate of the collections of information, including the validity of the methodology and assumptions used; • Enhance the quality, utility, and clarity of the information to be collected; and • Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., by permitting electronic submissions of responses. Comments submitted in response to this notice will be summarized and/or 1 See 74 FR 4546 (January 26, 2009). The final rule adopted, among other things, parallel amendments to SEC Form N–1A (the registration form for mutual funds) and to Rule 498 (which includes the content requirements for a summary prospectus). 2 17 CFR 230.498(f). 3 17 CFR 230.498. VerDate Mar<15>2010 17:16 Feb 13, 2013 Jkt 229001 included in the ICRs for OMB approval of the extension of the information collection; they will also become a matter of public record. Dated: February 8, 2013. Joseph S. Piacentini, Director, Office of Policy and Research, Employee Benefits Security Administration. [FR Doc. 2013–03398 Filed 2–13–13; 8:45 am] BILLING CODE 4510–29–P DEPARTMENT OF LABOR Employee Benefits Security Administration [Application Number D–11657] ZRIN EBSA–2012–0015 Proposed Amendment to Prohibited Transaction Exemption 2006–06 (PTE 2006–06) for Services Provided in Connection with the Termination of Abandoned Individual Account Plans Employee Benefits Security Administration, U.S. Department of Labor. ACTION: Notice of Extension of Comment Period for Proposed Amendment to PTE 2006–06. AGENCY: The Department of Labor (the Department) is extending the comment period for a proposed amendment to PTE 2006–06, a prohibited transaction class exemption issued under the Employee Retirement Income Security Act of 1974 (ERISA). PTE 2006–06 provides an exemption for certain transactions entered into on behalf of individual account pension plans that have been abandoned by their sponsors. DATES: Written comments and requests for a public hearing must be received by the Department on or before March 18, 2013. ADDRESSES: All written comments and requests for a public hearing concerning the proposed amendment should be sent to the Office of Exemption Determinations, Employee Benefits Security Administration, Room N–5700, U.S. Department of Labor, 200 Constitution Avenue NW., Washington, DC 20210, Attention: PTE 2006–06 Amendment. Comments may be submitted electronically by using the Federal eRulemaking portal at www.regulations.gov (follow instructions for submission of comments). Interested persons are also invited to submit comments and hearing requests to EBSA via email to: moffitt.betty@dol.gov or by fax to 202– 219–0204 by the end of the scheduled comment period. The comments received will be available for public SUMMARY: PO 00000 Frm 00048 Fmt 4703 Sfmt 4703 10639 inspection in the Public Disclosure Room of the Employee Benefits Security Administration, U.S. Department of Labor, Room N–1513, 200 Constitution Avenue NW., Washington, DC 20210. Comments and hearing requests will also be available online at www.regulations.gov and www.dol.gov/ ebsa, at no charge. All comments will be made available to the public. Warning: Do not include any personally identifiable information (such as name, address, or other contact information), or confidential business information, that you do not want publicly disclosed. All comments may be posted on the Internet and can be retrieved by most Internet search engines. FOR FURTHER INFORMATION CONTACT: Chris Motta, Office of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor, (202) 693–8540 (this is not a toll-free number). SUPPLEMENTARY INFORMATION: On December 12, 2012, the Department published a notice of the pendency before the Department of a proposed amendment to PTE 2006–06. The amendment to PTE 2006–06 was proposed in connection with the Department’s proposed amendment of regulations relating to the Termination of Abandoned Individual Account Plans, the Safe Harbor for Distributions from Terminated Individual Account Plans, and the Special Terminal Report for Abandoned Plans. PTE 2006–06 provides an exemption from the restrictions of ERISA section 406(a)(1)(A) through (D), ERISA section 406(b)(1) and (b)(2) and from the taxes imposed by section 4975(a) and (b) of the Internal Revenue Code of 1986 (the Code), by reason of Code section 4975(c)(1)(A) through (E). The proposed amendment to PTE 2006–06 would expand the definition of a qualified termination administrator (a QTA) to include bankruptcy trustees and certain persons designated by such trustees to act as QTAs. The Department is proposing the amendment because it has determined that, in certain instances, it may be appropriate for a bankruptcy trustee to provide termination services to a plan. The comment period was scheduled to close on February 11, 2013. Notice of the right to comment was provided in the Federal Register on December 12, 2012. However, due to administrative error, a copy of the proposed amendment to PTE 2006–06 was not posted to www.regulations.gov until January 22, 2013. Accordingly, the Department is extending the comment E:\FR\FM\14FEN1.SGM 14FEN1 10640 Federal Register / Vol. 78, No. 31 / Thursday, February 14, 2013 / Notices period for the proposed amendment to PTE 2006–06 to March 18, 2013. Signed at Washington, DC, this 8th day of February, 2013. Lyssa E. Hall, Director, Office of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor. [FR Doc. 2013–03463 Filed 2–13–13; 8:45 am] BILLING CODE 4510–29–P NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [Notice (13–010)] NASA Advisory Council; Aeronautics Committee; Meeting National Aeronautics and Space Administration. ACTION: Notice of Meeting. AGENCY: In accordance with the Federal Advisory Committee Act, Public Law 92–463, as amended, the National Aeronautics and Space Administration announces a meeting of the Aeronautics Committee of the NASA Advisory Council. The meeting will be held for the purpose of soliciting, from the aeronautics community and other persons, research and technical information relevant to program planning. DATES: Thursday, February 28, 2013, 9:00 a.m. to 4:00 p.m.; Friday, March 1, 2013, 8:30 a.m.to 12:15 p.m.; Local Times. ADDRESSES: National Aeronautics and Space Administration Headquarters, Room 6E40, 300 E Street SW., Washington, DC 20546. FOR FURTHER INFORMATION CONTACT: Ms. Susan L. Minor, Executive Secretary for the Aeronautics Committee, National Aeronautics and Space Administration Headquarters, Washington, DC 20546, (202) 358–0566, or susan.l.minor@nasa.gov. SUPPLEMENTARY INFORMATION: The meeting will be open to the public up to the capacity of the room. Any person interested in participating in the meeting by Webex and telephone should contact Ms. Susan L. Minor at (202) 358–0566 for the web link, tollfree number and passcode. The agenda for the meeting includes the following topics: • Aeronautics Research Mission Directorate (ARMD) Budget Status • ARMD External Guidance Planning • ARMD Future Direction • National Research Council Autonomy Study Planning • Integrated Systems Research Program Future Direction sroberts on DSK5SPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:16 Feb 13, 2013 Jkt 229001 • Unmanned Aircraft Systems Subcommittee Outbrief • ARMD Strategic Implementation Plan It is imperative that these meetings be held on this date to accommodate the scheduling priorities of the key participants. Attendees will be requested to comply with NASA security requirements, including the presentation of a valid picture ID, before receiving an access badge. U.S. citizens will need to show a valid, officiallyissued picture identification such as driver’s license to enter the NASA Headquarters building (West Lobby— Visitor Control Center) and must state that they are attending the NASA Advisory Council Aeronautics Committee meeting in conference room 6E40 before receiving an access badge. All non-U.S. citizens must fax a copy of their passport, and print or type their name, current address, citizenship, company affiliation (if applicable) to include address, telephone number, and their title, place of birth, date of birth, U.S. visa information to include type, number, and expiration date, U.S. Social Security Number (if applicable), Permanent Resident green card number and expiration date (if applicable), and place and date of entry into the U.S., to Susan Minor, NASA Advisory Council Aeronautics Committee Executive Secretary, FAX 202–358–4060, by no less than 8 working days prior to the meeting. Non-U.S. citizens will need to show their Passport or Permanent Resident green card to enter the NASA Headquarters building. For questions, please call Susan Minor at (202) 358– 0566. Susan M. Burch, Acting Advisory Committee Management Officer, National Aeronautics and Space Administration. [FR Doc. 2013–03343 Filed 2–13–13; 8:45 am] BILLING CODE 7510–13–P NATIONAL SCIENCE FOUNDATION Sunshine Act Meetings; Notice The National Science Board’s ad hoc Committee Regarding Recommendations for NSF Director, pursuant to NSF regulations (45 CFR Part 614), the National Science Foundation Act, as amended (42 U.S.C. 1862n–5), and the Government in the Sunshine Act (5 U.S.C. 552b), hereby gives notice in regard to the scheduling of a meeting for the transaction of National Science Board business, as follows: DATE AND TIME: Wednesday, February 13, 2013 at 4:30 p.m. EST. PO 00000 Frm 00049 Fmt 4703 Sfmt 4703 SUBJECT MATTER: Discussion of recommendations for the next NSF Director. STATUS: Closed. This meeting will be held by teleconference originating at the National Science Board Office, National Science Foundation, 4201Wilson Blvd., Arlington, VA 22230. Please refer to the National Science Board Web site (www.nsf.gov/nsb) for information or schedule updates, or contact: Ann Bushmiller, National Science Foundation, 4201Wilson Blvd., Arlington, VA 22230. Telephone: (703) 292–7000. Ann Bushmiller, NSB Senior Legal Counsel. [FR Doc. 2013–03650 Filed 2–12–13; 4:15 pm] BILLING CODE 7555–01–P NATIONAL SCIENCE FOUNDATION Sunshine Act Meetings; Notice The National Science Board, pursuant to NSF regulations (45 CFR Part 614), the National Science Foundation Act, as amended (42 U.S.C. 1862n–5), and the Government in the Sunshine Act (5 U.S.C. 552b), hereby gives notice in regard to the scheduling of meetings for the transaction of National Science Board business and other matters specified, as follows: AGENCY HOLDING MEETING: National Science Board (NSF). DATE AND TIME: February 20, 2013, from 8:00 a.m. to 5:00 p.m., and February 21, from 8:00 a.m. to 11:45 a.m. PLACE: These meetings will be held at the National Science Foundation, 4201 Wilson Blvd., Rooms 1235 and 1295, Arlington, VA 22230. All visitors must contact the Board Office (call 703–292– 7000 or send an email message to nationalsciencebrd@nsf.gov) at least 24 hours prior to the meeting and provide name and organizational affiliation. All visitors must report to the NSF visitor desk located in the lobby at the 9th and N. Stuart Streets entrance to receive a visitor’s badge. WEBCAST INFORMATION: The public meetings and public portions of meetings will be webcast. To view the meetings, go to http:// www.tvworldwide.com/events/nsf/ 130220/ and follow the instructions. UPDATES: Please refer to the National Science Board Web site www.nsf.gov/ nsb for additional information. Meeting information and schedule updates (time, place, subject matter or status of meeting) may be found at http:// www.nsf.gov/nsb/notices/. E:\FR\FM\14FEN1.SGM 14FEN1

Agencies

[Federal Register Volume 78, Number 31 (Thursday, February 14, 2013)]
[Notices]
[Pages 10639-10640]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-03463]


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DEPARTMENT OF LABOR

Employee Benefits Security Administration

[Application Number D-11657]
ZRIN EBSA-2012-0015


Proposed Amendment to Prohibited Transaction Exemption 2006-06 
(PTE 2006-06) for Services Provided in Connection with the Termination 
of Abandoned Individual Account Plans

AGENCY: Employee Benefits Security Administration, U.S. Department of 
Labor.

ACTION: Notice of Extension of Comment Period for Proposed Amendment to 
PTE 2006-06.

-----------------------------------------------------------------------

SUMMARY: The Department of Labor (the Department) is extending the 
comment period for a proposed amendment to PTE 2006-06, a prohibited 
transaction class exemption issued under the Employee Retirement Income 
Security Act of 1974 (ERISA). PTE 2006-06 provides an exemption for 
certain transactions entered into on behalf of individual account 
pension plans that have been abandoned by their sponsors.

DATES: Written comments and requests for a public hearing must be 
received by the Department on or before March 18, 2013.

ADDRESSES: All written comments and requests for a public hearing 
concerning the proposed amendment should be sent to the Office of 
Exemption Determinations, Employee Benefits Security Administration, 
Room N-5700, U.S. Department of Labor, 200 Constitution Avenue NW., 
Washington, DC 20210, Attention: PTE 2006-06 Amendment. Comments may be 
submitted electronically by using the Federal eRulemaking portal at 
www.regulations.gov (follow instructions for submission of comments). 
Interested persons are also invited to submit comments and hearing 
requests to EBSA via email to: moffitt.betty@dol.gov or by fax to 202-
219-0204 by the end of the scheduled comment period. The comments 
received will be available for public inspection in the Public 
Disclosure Room of the Employee Benefits Security Administration, U.S. 
Department of Labor, Room N-1513, 200 Constitution Avenue NW., 
Washington, DC 20210. Comments and hearing requests will also be 
available online at www.regulations.gov and www.dol.gov/ebsa, at no 
charge.
    All comments will be made available to the public. Warning: Do not 
include any personally identifiable information (such as name, address, 
or other contact information), or confidential business information, 
that you do not want publicly disclosed. All comments may be posted on 
the Internet and can be retrieved by most Internet search engines.

FOR FURTHER INFORMATION CONTACT: Chris Motta, Office of Exemption 
Determinations, Employee Benefits Security Administration, U.S. 
Department of Labor, (202) 693-8540 (this is not a toll-free number).

SUPPLEMENTARY INFORMATION: On December 12, 2012, the Department 
published a notice of the pendency before the Department of a proposed 
amendment to PTE 2006-06. The amendment to PTE 2006-06 was proposed in 
connection with the Department's proposed amendment of regulations 
relating to the Termination of Abandoned Individual Account Plans, the 
Safe Harbor for Distributions from Terminated Individual Account Plans, 
and the Special Terminal Report for Abandoned Plans. PTE 2006-06 
provides an exemption from the restrictions of ERISA section 
406(a)(1)(A) through (D), ERISA section 406(b)(1) and (b)(2) and from 
the taxes imposed by section 4975(a) and (b) of the Internal Revenue 
Code of 1986 (the Code), by reason of Code section 4975(c)(1)(A) 
through (E).
    The proposed amendment to PTE 2006-06 would expand the definition 
of a qualified termination administrator (a QTA) to include bankruptcy 
trustees and certain persons designated by such trustees to act as 
QTAs. The Department is proposing the amendment because it has 
determined that, in certain instances, it may be appropriate for a 
bankruptcy trustee to provide termination services to a plan.
    The comment period was scheduled to close on February 11, 2013. 
Notice of the right to comment was provided in the Federal Register on 
December 12, 2012. However, due to administrative error, a copy of the 
proposed amendment to PTE 2006-06 was not posted to www.regulations.gov 
until January 22, 2013. Accordingly, the Department is extending the 
comment

[[Page 10640]]

period for the proposed amendment to PTE 2006-06 to March 18, 2013.

    Signed at Washington, DC, this 8th day of February, 2013.
Lyssa E. Hall,
Director, Office of Exemption Determinations, Employee Benefits 
Security Administration, U.S. Department of Labor.
[FR Doc. 2013-03463 Filed 2-13-13; 8:45 am]
BILLING CODE 4510-29-P