[Federal Register Volume 63, Number 118 (Friday, June 19, 1998)]
[Notices]
[Page 33738]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-16352]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Existing Collection; Comment Request
Upon written request, copies available from: Securities and Exchange
Commission, Office of Filings and Information Services, 450 5th Street,
N.W., Washington, D.C. 20549
Extension:
Rule 45, SEC File No. 270-164, OMB Control No. 3235-0154
Rule 52, SEC File No. 270-326, OMB Control No. 3235-0369
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 soliciting comments on the collections of
information summarized below. The Commission plans to submit these
existing collections of information to the Office of Management and
Budget for extension and approval.
Rule 45 under the Public Utility Holding Company Act of 1935 (15
U.S.C. 79A, et seq.) (``Act'') imposes a filing requirement of
registered holding companies and their subsidiaries under section 12(b)
of the Act. Under the requirement, the companies must file a
declaration seeking authority to make loans or otherwise extend credit
to other companies in the same holding company system. Among others,
the rule excepts from the filing requirement the performance of payment
obligations under consolidated tax agreements. The purpose of the rule
is to ensure that registered holding companies and their subsidiaries
do not engage in activities that are a detriment to interests the Act
is designed to protect (i.e., cross-subsidization). The Commission
estimates that the total annual reporting and recordkeeping burden is
46 hours. (e.g., 14 recordkeepers x approximately 3.3 hours =
approximately 46 hours).
Rule 52 under the Act permits public utility subsidiary companies
of registered holding companies to issue and sell certain securities
without filing a declaration if certain conditions are met. The purpose
of collecting the information is to determine the existence of
detriment to interests the Act was designed to protect. The Commission
estimates that the total annual reporting and recordkeeping burden of
collections under rule 52 is 33 hours (e.g., 33 responses x one hour =
33 burden 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.
Written comments are invited on: (a) whether the proposed
collections of information are necessary for the proper performance of
the functions of the agency, including whether the information will
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the collection of information; (c) ways to enhance the
quality, utility, and clarity of the information 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.
Please direct your written comments to Michael E. Bartell,
Associate Executive Director, Office of Information Technology,
Securities and Exchange Commission, 450 Fifth Street, N.W., Washington,
D.C. 20549.
Dated: June 11, 1998.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-16352 Filed 6-18-98; 8:45 am]
BILLING CODE 8010-01-M
