[Federal Register Volume 60, Number 162 (Tuesday, August 22, 1995)]
[Notices]
[Page 43625]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-20696]
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SECURITIES AND EXCHANGE COMMISSION
Requests 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, 450 Fifth
Street, NW., Washington, DC 20549.
Revised Proposed Rule and Proposed Form: Rule 3a-4 and Form N-3a4,
File No. 270-401.
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1980, 44 U.S.C. 3501, the Securities and Exchange Commission
(the ``Commission'') has submitted for OMB approval revised proposed
rule 3a-4 and proposed Form N-3a4, both under the Investment Company
Act of 1940, 15 U.S.C. 80a-1 et seq., (the ``Investment Company Act'').
Revised proposed rule 3a-4 would provide a nonexclusive safe harbor
from the definition of investment company for certain investment
advisory programs meeting the conditions of the rule. The revised
proposed rule would require sponsors of investment advisory programs
relying on the safe harbor, among other things, to establish and effect
written procedures and agreements, and to provide each client with
quarterly statements. The Commission estimates that the annual
reporting burden for revised proposed rule 3a-4 would be 1,168,720
hours.
Proposed Form N-3a4 would be filed by sponsors intending to rely on
rule 3a-4. The form would be filed when a sponsor begins or ends its
reliance on the safe harbor, or when the sponsor wishes to amend the
prior filing. The annual reporting burden would be 4.5 hours.
Direct general comments to the Clearance Officer for the Securities
and Exchange Commission at the address below. Direct any comments
concerning the accuracy of the estimated average burden hours for
compliance with SEC rules and forms to Michael E. Bartell, Associate
Executive Director, Securities and Exchange Commission, 450 Fifth
Street, N.W., Washington, D.C. 20549, and Clearance Officer for the
Securities and Exchange Commission, Office of Information and
Regulatory Affairs, Paperwork Reduction Project (Rule 3a-4 and Form N-
3a4), Office of Management and Budget, room 3228, New Executive Office
Building, Washington, DC 20543.
Dated: August 3, 1995.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-20696 Filed 8-21-95; 8:45 am]
BILLING CODE 8010-01-M
