Submission for OMB Review; Comment Request; Extension: Form N-6, 57952 [2024-15486]

Download as PDF 57952 Federal Register / Vol. 89, No. 136 / Tuesday, July 16, 2024 / Notices SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–446, OMB Control No. 3235–0503] khammond on DSKJM1Z7X2PROD with NOTICES Submission for OMB Review; Comment Request; Extension: Form N–6 Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549–2736 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 a request for extension of the previously approved collection of information discussed below. The title for the collection of information is ‘‘Form N–6 (17 CFR 239.17c and 274.11d) under the Securities Act of 1933 (15 U.S.C. 77a et seq.) and under the Investment Company Act of 1940 (15 U.S.C. 80a–1 et seq.) registration statement of separate accounts organized as unit investment trusts that offer variable life insurance policies.’’ Form N–6 is the form used by insurance company separate accounts organized as unit investment trusts that offer variable life insurance contracts to register as investment companies under the Investment Company Act of 1940 and/or to register their securities under the Securities Act of 1933. The primary purpose of the registration process is to provide disclosure of financial and other information to investors and potential investors for the purpose of evaluating an investment in a security. Form N–6 also requires separate accounts organized as unit investment trusts that offer variable life insurance policies to provide investors with a prospectus and a statement of additional information (‘‘SAI’’) covering essential information about the separate account when it makes an initial or additional offering of its securities. The Commission estimates that approximately 448 registration statements (20 initial registration statements plus 428 post-effective amendments) are filed on Form N–6 annually. The estimated hour burden per portfolio for preparing and filing an initial registration statement on Form N–6 is 772.25 hours. The estimated annual hour burden for preparing and filing initial registration statements is 15,445 hours (20 initial registration statements annually times 772.25 hours per registration statement). The VerDate Sep<11>2014 16:55 Jul 15, 2024 Jkt 262001 Commission estimates that the hour burden for preparing and filing a posteffective amendment on Form N–6 is 154.25 hours. The total annual hour burden for preparing and filing posteffective amendments is 66,019 hours (428 post-effective amendments annually times 154.25 hours per amendment). The frequency of response is annual. The total annual hour burden for Form N–6, therefore, is estimated to be 81,464 hours (15,445 hours for initial registration statements plus 66,019 hours for post-effective amendments). The Commission estimates that the cost burden for preparing an initial Form N–6 filing is $40,000 per filing and the current cost burden for preparing a post-effective amendment to a previously effective registration statement is $20,000 per filing. Thus, the total cost burden allocated to Form N–6 would be $9,360,000 (20 initial filings times $40,000 and 428 posteffective amendment filings times $20,000). 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. The public may view background documentation for this information collection at the following website: www.reginfo.gov. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice by August 15, 2024 to (i) MBX.OMB.OIRA.SEC_desk_officer@ omb.eop.gov and (ii) Austin Gerig, Director/Chief Data Officer, Securities and Exchange Commission, c/o Oluwaseun Ajayi, 100 F Street NE, Washington, DC 20549, or by sending an email to: PRA_Mailbox@sec.gov. SECURITIES AND EXCHANGE COMMISSION Dated: July 10, 2024. Vanessa A. Countryman, Secretary. The Exchange proposes to amend Options 7, Section 6, C, Ports and Other Services. Specifically, the Exchange [FR Doc. 2024–15486 Filed 7–15–24; 8:45 am] Frm 00110 Fmt 4703 Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 7, Section 6 July 10, 2024. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on July 1, 2024, Nasdaq GEMX, LLC (‘‘GEMX’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I, II, and III, below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend its Rules at Options 7, Section 6, C, Ports and Other Services. The text of the proposed rule change is available on the Exchange’s website at https://listingcenter.nasdaq.com/ rulebook/gemx/rules, at the principal office of the Exchange, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose 1 15 2 17 BILLING CODE 8011–01–P PO 00000 [Release No. 34–100493; File No. SR– GEMX–2024–17] Sfmt 4703 E:\FR\FM\16JYN1.SGM U.S.C. 78s(b)(1). CFR 240.19b–4. 16JYN1

Agencies

[Federal Register Volume 89, Number 136 (Tuesday, July 16, 2024)]
[Notices]
[Page 57952]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-15486]



[[Page 57952]]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-446, OMB Control No. 3235-0503]


Submission for OMB Review; Comment Request; Extension: Form N-6

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    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 a request for extension of the previously 
approved collection of information discussed below.
    The title for the collection of information is ``Form N-6 (17 CFR 
239.17c and 274.11d) under the Securities Act of 1933 (15 U.S.C. 77a et 
seq.) and under the Investment Company Act of 1940 (15 U.S.C. 80a-1 et 
seq.) registration statement of separate accounts organized as unit 
investment trusts that offer variable life insurance policies.'' Form 
N-6 is the form used by insurance company separate accounts organized 
as unit investment trusts that offer variable life insurance contracts 
to register as investment companies under the Investment Company Act of 
1940 and/or to register their securities under the Securities Act of 
1933. The primary purpose of the registration process is to provide 
disclosure of financial and other information to investors and 
potential investors for the purpose of evaluating an investment in a 
security. Form N-6 also requires separate accounts organized as unit 
investment trusts that offer variable life insurance policies to 
provide investors with a prospectus and a statement of additional 
information (``SAI'') covering essential information about the separate 
account when it makes an initial or additional offering of its 
securities.
    The Commission estimates that approximately 448 registration 
statements (20 initial registration statements plus 428 post-effective 
amendments) are filed on Form N-6 annually. The estimated hour burden 
per portfolio for preparing and filing an initial registration 
statement on Form N-6 is 772.25 hours. The estimated annual hour burden 
for preparing and filing initial registration statements is 15,445 
hours (20 initial registration statements annually times 772.25 hours 
per registration statement). The Commission estimates that the hour 
burden for preparing and filing a post-effective amendment on Form N-6 
is 154.25 hours. The total annual hour burden for preparing and filing 
post-effective amendments is 66,019 hours (428 post-effective 
amendments annually times 154.25 hours per amendment). The frequency of 
response is annual. The total annual hour burden for Form N-6, 
therefore, is estimated to be 81,464 hours (15,445 hours for initial 
registration statements plus 66,019 hours for post-effective 
amendments).
    The Commission estimates that the cost burden for preparing an 
initial Form N-6 filing is $40,000 per filing and the current cost 
burden for preparing a post-effective amendment to a previously 
effective registration statement is $20,000 per filing. Thus, the total 
cost burden allocated to Form N-6 would be $9,360,000 (20 initial 
filings times $40,000 and 428 post-effective amendment filings times 
$20,000).
    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.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
by August 15, 2024 to (i) [email protected] and 
(ii) Austin Gerig, Director/Chief Data Officer, Securities and Exchange 
Commission, c/o Oluwaseun Ajayi, 100 F Street NE, Washington, DC 20549, 
or by sending an email to: [email protected].

    Dated: July 10, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-15486 Filed 7-15-24; 8:45 am]
BILLING CODE 8011-01-P
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