[Federal Register Volume 61, Number 215 (Tuesday, November 5, 1996)]
[Notices]
[Page 56977]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28311]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549.
Extension
Form 13F--SEC File No. 270-22--OMB Control No. 3235-0006.
Rule 204-3--SEC File No. 270-42--OMB Control No. 3235-0047.
Reinstatement
Rule 6a-3--SEC File No. 270-15--OMB Control No. 3235-0021.
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'') is publishing the following summaries of
collections for public comment.
Form 13F is used by certain large investment managers to report
quarterly with respect to certain securities over which they exercise
investment discretion. Each report takes about 24.6 hours to fill out.
It is estimated that approximately 1,804 institutional investment
managers are subject to the rule. Each reporting manager files Form 13F
quarterly. It is estimated that compliance with the Form 13F imposes a
total annual burden per manager of approximately 98.4 hours. The total
annual burden for all managers is estimated at 177,513.6 hours.
Rule 203-4 requires an investment adviser to deliver or offer to
deliver to clients a written disclosure containing specified
information concerning the background and business practices of the
adviser. Investors need this information to determine whether to retain
or continue to employ the investment adviser.
There are 22,500 investment advisers subject to this rule. It is
estimated that the burden resulting from the rule is 551,250 total
annual hours.
Rule 6a-3 requires a registered or exempted exchange to file with
the Commission (i) notification of any action that renders its
application or annual amendment inaccurate, (ii) material it issues or
makes available to members, and (iii) a monthly report concerning the
activities on the exchange.
There are 8 registered exchanges and 1 exempted exchange that must
comply with Rule 6a-3. Each of these 9 respondents file supplemental
information under Rule 6a-3 approximately 25 times each year, for a
total of 225 annual responses. Each response requires no more than one-
half hour. Thus, the total compliance burden for registered and
exempted exchanges per year is 112.5 hours.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information shall
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the proposed collection of information; (c) ways to
enhance the quality, utility, and clarity of the information to be
collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology.
Consideration will be given to comments and suggestions submitted in
writing within 60 days of this publication.
Direct your written comments to Michael E. Bartell, Associate
Executive Director, Office of Information Technology, Securities and
Exchange Commission, 450 5th Street, NW., Washington, DC 20549.
Dated: October 25, 1996.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-28311 Filed 11-4-96; 8:45 am]
BILLING CODE 8010-01-M
