[Federal Register Volume 62, Number 185 (Wednesday, September 24, 1997)]
[Notices]
[Page 50035]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-25323]
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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: Form 2-E and Rule 609, SEC File No. 270-222, OMB
Control No. 3235-0233. Rule 6c-7, SEC File No. 270-269, OMB Control
No. 3235-0276. Rule 11a-2, SEC File No. 270-267, OMB Control No.
3235-0272.
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 requests for extension of the previously approved
collections of information discussed below.
Form 2-E is used, pursuant to Rule 609 of Regulation E under the
Securities Act of 1933, by small business investment companies or
business development companies engaged in limited offerings of
securities to report semi-annually the progress of an offering,
including the number of shares sold. The form solicits information such
as the dates an offering has commenced and completed, the number of
shares sold and still being offered, amounts received in the offering,
and expenses and underwriting discounts incurred in the offering. This
information assists the Commission staff in determining whether the
issuer has stayed within the limits of an exemptive offering.
Form 2-E must be filed semi-annually during an offering and as a
final report at the completion of the offering. Less frequent filing
would not allow the Commission to monitor the progress of the limited
offering in order to ensure that the issuer was not attempting to avoid
the normal registration provisions of the securities laws.
There has been approximately one filing on form 2-E under rule 609
of regulation E during each of the last two years. On average,
approximately one respondent spends four hours collecting information,
preparing, and filing a form 2-E for a total annual reporting and
recordkeeping burden of four hours.
Rule 6c-7 under the Investment Company Act of 1940 (``1940 Act'')
provides exemption from certain provisions of Sections 22(e) and 27 of
the 1940 Act for registered separate accounts offering variable annuity
contracts to certain employees of Texas institutions of higher
education participating in the Texas Optional Retirement Program.
There are approximately 183 registrants governed by Rule 6c-7, with
an estimated compliance time of 30 minutes per registrant for a total
of 92 annual burden hours.
Rule 11a-2 permits certain registered insurance company separate
accounts, subject to certain conditions, to make offers to exchange
their securities for other investment company securities without
obtaining prior Commission approval.
There are approximately 550 registrants governed by Rule 11a-2,
with an estimated compliance time of 15 minutes per registrant for a
total of 138 annual burden hours.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid control number.
Written comments regarding the above information should be directed
to the following persons: (i) 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, D.C. 20503; and (ii) Michael E. Bartell,
Associate Executive Director, Office of Information Technology,
Securities and Exchange Commission, 450 Fifth Street, N.W., Washington,
D.C. 20549. Comments must be submitted to OMB on or before October 24,
1997.
Dated: September 18, 1997.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-25323 Filed 9-23-97; 8:45 am]
BILLING CODE 8010-01-M
