[Federal Register Volume 59, Number 68 (Friday, April 8, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-8403]
[[Page Unknown]]
[Federal Register: April 8, 1994]
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SECURITIES AND EXCHANGE COMMISSION
Forms Under Review by Office of Management and Budget
Agency Clearance Officer--John J. Lane (202) 942-8800.
Upon written request copy available from: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549.
Form 12b-25.................................. File No. 270-71.
Form 13E4H................................... File No. 270-355.
Form 14D1C, REG 14D & 14E.................... File No. 270-356.
Form F-12.................................... File No. 270-354.
Rule 15g-3................................... File No. 270-346.
Rule 15g-4................................... File No. 270-347.
Rule 15g-5................................... File No. 270-348.
Rule 15g-6................................... File No. 270-349.
Rule 15g-7(a)................................ File No. 270-350.
Rule 45...................................... File No. 270-164.
Form N-SAR................................... File No. 270-292.
Rule 17Ac2-1, Form TA-1...................... File No. 270-95.
Rule 17Ac2-2, Form TA-2...................... File No. 270-298.
Rule 17a-8................................... File No. 270-53.
Notice is hereby given pursuant to the Paperwork Reduction Act of
1980 (44 U.S.C. 3501 et seq.), that the Securities and Exchange
Commission (``Commission'') has submitted to the Office and Management
Budget request for extension on the following rules and forms:
Form 12b-25 is a notification of a late filing by a registrant. It
is estimated that 4,266 respondents will file Form 12b-25 annually at
2.5 burden hours per response with a total annual burden of 10,665
hours.
Proposed Form 13E4H is used by issuers incorporated or organized
under laws of a foreign country that are making a tender offer for
their own securities where less than 10 percent of the class of such
securities are held by U.S. holders. It is estimated that 20
respondents will file Form 13E4H annually at 2 burden hours per
response with a total annual burden of 40 hours.
Proposed Form 14D1C would be used by third parties making a cash
tender or exchange offer for a class of securities of a foreign issuer
in order to furnish home country disclosure documents. It is estimated
that 17 respondents will file Form 14D1C annually at 2 burden hours per
response with a total annual burden of 34 hours.
Proposed Form F-12 would be used by foreign private issuers to
register securities in an exchange offer. It is estimated that 20
respondents will file Form F-12 annually at 2 burden hours per response
with a total annual burden of 40 hours.
Rule 15g-3 requires that brokers and dealers disclose to customers
current quotation prices or similar market information in connection
with transactions in certain low-priced, over-the-counter securities
(``penny stocks''). It is estimated that approximately 270 respondents
incur an average burden of 100 hours annually to comply with the rule.
Rule 15g-4 requires brokers and dealers effecting transactions in
penny stocks for or with customers to disclose the amount of
compensation received by the broker-dealer in connection with the
transaction. It is estimated that approximately 270 respondents incur
an average of 100 hours annually to comply with the rule.
Rule 15g-5 requires brokers and dealers to disclose to customers
the amount of compensation to be received by their sales agents in
connection with penny stock transactions. It is estimated that
approximately 270 respondents incur an average burden of 100 hours
annually to comply with the rule.
Rule 15g-6 requires brokers and dealers that sell penny stocks to
their customers to provide monthly account statements containing
information with regard to the penny stocks held in customer accounts.
It is estimated that approximately 270 respondents incur an average
burden of 90 hours annually to comply with the rule.
Proposed rule 15g-7(a) would require brokers and dealers that
effect transactions in penny stocks and are the only market makers with
respect to such securities to disclose this fact in connection with
such transactions. It is estimated that approximately 270 respondents
would incur an average burden of 50 hours annually to comply with the
rule.
Rule 45 sets forth the requirements for loans and capital
contributions to associate companies in a registered holding company
system, including reporting requirements to enable the Commission to
monitor intrasystem loans. It is estimated that approximately 14
respondents incur an average burden of 45.5 hours annually to comply
with the rule.
Form N-SAR is used by registered investment companies for annual or
semi-annual reports required to be filed with the Commission.
Approximately 4,400 registered investment companies each spend from 6
to 31.5 hours annually complying with the requirements of the form.
Rule 17Ac2-1(c) and Form TA-1 is used by transfer agents to
register with the Commission, the Comptroller of the Currency, the
Board of Governors of the Federal Reserve System, or the Federal
Deposit Insurance Corporation, and to amend their registration.
Approximately 350 respondents incur an estimated average burden of one
and one-half hours annually to comply with the rule, for a total annual
burden of 525 hours.
Rule 17Ac2-2 and Form TA-2 requires registered transfer agents to
file an annual report of their business activities. Approximately 1,000
respondents that are exempt from providing certain information
contained in the form incur an estimated average burden of one hour
annually to comply with the rule. An additional 400 respondents incur
an estimated average burden of five hours annually to comply with the
rule.
Rule 17a-8 clarifies the authority of self-regulatory organizations
to assure compliance by brokers and dealers with the requirements of
the Currency and Foreign Transactions Reporting Act of 1970 (31 U.S.C.
1051-1143) (``Currency Act''). It is anticipated that approximately
8,600 broker-dealers are subject to the rule, which does not impose any
burden in addition to that imposed under the Currency Act. See OMB file
number 1505-0063.
General comments regarding the estimated burden hours should be
directed to Gary Waxman at the address below. Any comments concerning
the accuracy of the estimated average burden hours for compliance with
Commission rules and forms should be directed to John J. Lane,
Associate Executive Director, Securities and Exchange Commission, 450
Fifth Street, NW., Washington, DC 20549 and Gary Waxman, Clearance
Officer, (Paperwork Reduction Act Nos. 3235-0058, 3235-0400, 3235-0401,
3235-0402, 3235-0392, 3235-0393, 3235-0394, 3235-0395, 3235-0396, 3235-
0154, 3235-0330, 3235-0084, 3235-0337, 3235-0092), Office of Management
and Budget, room 3208, New Executive Office Building, Washington, DC
20503.
Dated: March 31, 1994.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-8403 Filed 4-7-94; 8:45 am]
BILLING CODE 8010-01-M
