[Federal Register Volume 61, Number 116 (Friday, June 14, 1996)]
[Notices]
[Pages 30263-30264]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-15113]
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[[Page 30264]]
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: Rule 17f-4
SEC File No. 270-232
OMB Control No. 3235-0225
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 a request for approval of extension on the following rule:
Rule 17f-4 [17 CFR 270.17f-4] under the Investment Company Act of
1940 [15 U.S.C. 80a-1 et seq.] (the ``Act'') specifies conditions under
which a registered management investment company or its custodian may
place the company's securities in a securities depository. The rule
requires a custodian to provide confirmations and keep records of
transactions, and requires the custodian, its agents, and depositories
to provide reports on internal accounting controls. Confirmations and
records give the company objective evidence of transactions performed
on its behalf. Reports on internal controls provide information
necessary to evaluate the safety of depository arrangements.
Approximately 100 custodians are subject to the requirement to
provide confirmations and keep records, and those custodians and
approximately 150 other agents and six depositories are subject to the
requirement to provide internal control reports. The 256 respondents
make approximately 25,256 responses and spend approximately 25,256
hours annually in complying with the reporting and recordkeeping
requirements of the rule.
The estimates of 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.
General comments regarding the estimated burden hours should be
directed to the Desk Officer for the Securities and Exchange Commission
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 Michael E. Bartell, Associate Executive
Director, Office of Information Technology, Securities and Exchange
Commission, 450 Fifth Street NW., Washington, DC 20549 and the Desk
Officer for the Securities and Exchange Commission, Office of
Information and Regulatory Affairs, Office of Management and Budget,
Room 3208, New Executive Office Building, Washington, DC 20503.
Dated: June 4, 1996.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-15113 Filed 6-13-96; 8:45 am]
BILLING CODE 8010-01-M
