[Federal Register Volume 60, Number 146 (Monday, July 31, 1995)]
[Notices]
[Page 39028]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-18657]
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SECURITIES AND EXCHANGE COMMISSION
Form Under Review by the Office of Management and Budget
Agency Clearance Officer: Michael E. Bartell, (202) 942-8800
Upon Written Request, Copy Available from: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549
Extension:
Rule 103f-3--File No. 270-237
Proposed Revisions:
Rule 52--File No. 270-326
Rule 45--File No. 270-164
Form U-1--File No. 270-128
Proposed New Rule and Form:
Rule 58 and Form U-9C-3--File No. 270-400
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1980 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission has submitted to OMB requests for approval on the following
rules and forms:
Rule 10f-3 permits, under certain conditions, purchases of
securities from underwriting syndicates whose members include
affiliated persons of the purchasing investment company. The rule
requires disclosure of those transactions in the investment company's
Form N-SAR, and also requires investment companies to keep records of
transactions made in reliance upon the rule. It is estimated that 600
respondents will expend 600 burden hours annually to comply with Rule
10f-3.
Rule 52 permits public-utility and nonutility subsidiary companies
of registered holding companies to issue and sell certain securities
without filing a declaration if certain conditions are met. Within ten
days after the issue or sale of any security exempt under rule 52 (or,
in some cases, on a quarterly basis), the issuer or seller must file
with the Commission a certificate of notification on Form U-6B-2
containing the information prescribed by that form. The proposed
amendments to rule 52 would exempt additional public-utility and
nonutility financing. The current reporting requirement would not
change as a result of these amendments.
Rule 45 requires the filing of a declaration to obtain Commission
approval for a registered holding company or subsidiary company to
extend its credit, indemnify or make any capital contribution to any
company in the same holding company system, and provides exceptions
from the declaration requirement. The proposed amendment to rule 45
would expand the exceptions to conform to the proposed amendments to
rule 52. It is estimated that 14 respondents will expend a total 46
burden hours annually to comply with Rule 45.
Form U-1 is used to file applications and declarations requesting
Commission authorization of transactions for the acquisition of
securities by a company in a registered holding company system. It is
estimated that 111 respondents will expend a total of 17,206 burden
hours annually.
Proposed rule 58 would permit a registered holding company and its
subsidiaries to acquire securities of an ``energy-related company'' or
a ``gas-related company'', as defined in the rule, without filing an
application on Form U-1, subject to certain limitations. Within 60 days
after the end of the first calendar quarter in which any exempt
acquisition is made, and each calendar quarter thereafter, the
registered holding company would be required to file with the
Commission a certificate of notification on Form U-9C-3 containing the
information prescribed by that form. It is estimated that 61
respondents would expend 4 hours per quarterly filing (or 16 hours per
year) to comply with Rule 58 and Form U-9C-3.
General comments regarding the estimated burden hours should be
directed to the Clearance 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 the Information Technology, Securities
and Exchange Commission, 450 Fifth Street, NW., Washington, DC 20549,
and SEC Clearance Officer, Office of Management and Budget, Paperwork
Reduction Projects 3235-0226 (Rule 10f-3), 3235-0369 (Rule 52), 3235-
0154 (Rule 45) 3235-0125 (Form U-1) and Rule 58 and Form U-9C-3, Room
3208, New Executive Office Building, Washington, DC 20503.
Dated: July 17, 1995.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-18657 Filed 7-28-95; 8:45 am]
BILLING CODE 8010-01-M
