[Federal Register Volume 59, Number 37 (Thursday, February 24, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-4140]


[[Page Unknown]]

[Federal Register: February 24, 1994]


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SECURITIES AND EXCHANGE COMMISSION

 

Forms Under Review by Office of Management and Budget

Agency Clearance Officer: John J. Lane (202) 942-8800
Upon Written Request, Copy Available From: Securities and Exchange 
Commission, Office of Filings, Information, and Consumer Services, 
Washington, DC 20549.

Revisions
Regulation 14A--File No. 270-56
Rule 20a-1--File No. 270-132
Rule 20a-2--File No. 270-133
Rule 20a-3--File No. 270-134
Regulation S-K--File No. 270-2
Form N-14--File No. 270-297

    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 (``Commission'') has submitted for OMB approval amendments 
to Regulation 14A and Regulation S-K under the Securities Exchange Act 
of 1934 and Rules 20a-1 through 20a-3 and Form N-14 under the 
Investment Company Act of 1940 (``1940 Act'').
    Regulation 14A, and Schedule 14A thereto, sets forth general 
requirements for the solicitation of proxies. Approximately 8,000 
respondents, other than management investment companies registered 
under the 1940 Act, prepare proxies with an estimated compliance time 
of 89 hours per registrant. Regulation 14A and Schedule 14A, currently 
and as proposed to be amended, have provisions applicable to investment 
companies. However, the burden hours for proxy filings by investment 
companies are imposed under Rules 20a-1 through 20a-3 discussed below 
and the Commission does not anticipate any changes to the burden 
imposed under Regulation 14A or Schedule 14A.
    Regulation S-K includes generally applicable disclosure items for 
registration statement forms, proxies, and other documents filed under 
the federal securities laws, and has an estimated compliance burden of 
one hour for administrative convenience because it does not directly 
impose filing requirements. The Commission does not anticipate that the 
propose amendments will change the burden associated with Regulation S-
K.
    Rules 20a-1 through 20a-3 set forth various specific requirements 
applicable to the solicitation of proxies by investment companies. 
About 970 investment companies prepare proxies with an estimated 
compliance time of 97.2 hours per registrant. The Commission expects 
the amendments to decrease the burden by one hour, for a total 
compliance time of 96.2 hours.
    N-14 is the registration statement for use by investment companies 
to register securities under the Securities Act of 1933 issued in 
mergers and other forms of business combination. Approximately 95 
registrants filed Form N-14 in 1992, with an estimated compliance time 
of 2,500.3 hours per registrant. The maximum additional burden imposed 
by the amendments is estimated to be one hour, for a total of 2,502.3 
hours.
    General comments regarding the estimated burden hours should be 
directed to Gary Waxman 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 John J. Lane, 
Associate Executive Director, Securities and Exchange Commission, 450 
Fifth Street NW., Washington, DC 20549 and Gary Waxman, Clearance 
Officer, Office of Management and Budget, (paperwork Reduction Act 
Numbers 3235-0059, 3235-0158, 3235-0071, and 3235-0336), room 3208, New 
Executive Office Building, Washington, DC 20503.


    Dated: January 25, 1994.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-4140 Filed 2-23-94; 8:45 am]
BILLING CODE 8010-01-M