[Federal Register Volume 63, Number 71 (Tuesday, April 14, 1998)]
[Notices]
[Pages 18237-18238]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-9804]
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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 Filings and Information Services,
Washington, DC 20549.
Extension:
Form U-6B-2--File No. 270-169, OMB Control No. 3235-0163
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 request for extension of the previously approved collection
of information discussed below.
The Public Utility Holding Company Act of 1935 (15 U.S.C. Section
79a et seq.) requires the filing of an application and/or declaration
on Form U-1 for prior Commission approval both for the issue and sale
of a security and its acquisition by a company in a registered holding
company system.\1\ Section 6(b) provides that the Commission shall
exempt from the requirement of filing a declaration on Form U-1, by
rules and regulations or orders and subject to such terms and
conditions as it deems appropriate in the public interest or for the
protection of investors or consumers, certain security issuances and
sales.
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\1\ See section 6(a) (requiring prior Commission approval under
the standards of section 7 for the issue and sale of securities) and
section 9(a)(1) (requiring prior Commission approval under the
standards of section 10 for the acquisition of securities).
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Section 6(b) also contains a reporting requirement. It directs the
issuer of securities exempted under section 6(b) to file with the
Commission within 10 days of the issue or sale a certificate of
notification and directs the Commission to prescribe the form of and
information required in this certificate. Rule 20(d) prescribes Form U-
6B-2 as the form of certificate of notification to be filed pursuant to
section 6(b). Form U-6B-2 is also prescribed by rule 52(b) (17 CFR
250.52(b)) and rule 47(b) (17 CFR
[[Page 18238]]
250.47(b)) as the form of certificate of notification to be filed by a
public-utility subsidiary company of a registered holding company to
notify the Commission of exempt issuances and sales of securities under
rules 52 (exemption for certain issuances and sales of securities
approved by state commissions) and 47 (exemption for certain issuances
and sales of securities to the Rural Electrification Administration).
The Commission estimates that approximately 52 respondents file Form U-
6B-2 each year for a total annual burden of 52 hours.
The estimates of average burden hours are made 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.
There is no recordkeeping requirement of this information
collection. It is mandatory that qualifying companies provide the
information required by the Form U-6B-2. There is no requirement to
keep the information confidential because it is public information.
It should be noted that ``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.''
General comments regarding the above information should be directed
to the following persons: (i) Desk officer for the Securities and
Exchange Commission, Office of Information and Regulatory Affairs,
Office of Management and Budget (``OMB''), Room 3208, New Executive
Office Building, Washington, DC 20503; and (ii) Michael E. Bartell,
Associate Executive Director, Office of Information Technology,
Securities and Exchange Commission, 450 Fifth Street, NW., Washington,
DC 20549. Comments must be submitted to OMB by May 14, 1998.
Dated: March 30, 1998.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-9804 Filed 4-13-98; 8:45 am]
BILLING CODE 8010-01-M
