[Federal Register Volume 59, Number 231 (Friday, December 2, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-29697]


[[Page Unknown]]

[Federal Register: December 2, 1994]


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SECURITIES AND EXCHANGE COMMISSION

 

Forms Under Review by Office of Management and Budget

Acting Agency Clearance Officer: Richard T. Redfearn, (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.

    Proposed Amendments:

Form N-1A--File No. 270-21
Form N-2--File No. 270-21
Form N-3--File No. 270-281
Form N-4--File No. 270-282
Form N-5--File No. 270-172
Form N-8B-2--File No. 270-186
Form N-8B-3--File No. 270-179
Form N-8B-4--File No. 270-180

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1980 (44 U.S.C. 3501 et seq.) (``the Act''), the Securities and 
Exchange Commission (the ``Commission'') has submitted for OMB approval 
amendments to Forms N-1A, N-2, N-3, N-4, N-5, N-8B-2, N-8B-3, and N-8B-
4 (the ``Forms'') under the Securities Act of 1933 (``1933 Act'') and 
the Investment Company Act of 1940 (``1940 Act'').
    The Forms are used by management investment companies (``funds'') 
to register their securities under the 1993 Act and/or register as an 
investment company under the 1940 Act. The proposed amendments will add 
a requirement to the Forms to disclose legal proceedings involving 
directors, executive officers, and ``managerial persons'' (i.e., person 
affiliated with the investment adviser to the fund who are engaged in 
the management, direction, supervision, or performance of any 
activities related to the fund).
    Form N-1A is the registration statement form used by open-end 
funds, other than small business investment companies and insurance 
company separate accounts, to register their securities under the 1933 
Act and to register as an investment company under the 1940 Act. The 
average additional burden imposed by the proposed amendments to Form N-
1A is estimated to be 1 hour per registrant. The total annual burden 
for Form N-1A per registrant would be 1,063 burden hours per registrant 
and the total for all registrants would be 2,976,497 hours.
    Form N-2 is the registration statement form used by closed-end 
investment companies to register their securities under the 1933 Act 
and to register as an investment company under the 1940 Act. The 
average additional burden imposed by the proposed amendments to Form N-
2 is estimated to be 1 hour per registrant. The total annual burden for 
Form N-2 per registrant would be 1,632 burden hours per registrant and 
the total for all registrants would be 204,018 hours.
    Form N-3 is the registration statement form for insurance company 
separate accounts organized as management investment companies. The 
average additional burden imposed by the proposed amendments to Form N-
3 is estimated to be 1 hour per registrant. The total annual burden for 
Form N-3 would be 517 burden hours per registrant and the total for all 
registrants would be 27,425 hours.
    Form N-4 is the registration statement form for insurance company 
separate accounts organized as unit investment trusts. The average 
additional burden imposed by the proposed amendments to Form N-4 is 
estimated to be 1 hour per registrant. The total annual burden for Form 
N-4 would be 140 burden hours per registrant and the total for all 
registrants would be 40,448 hours.
    Form N-5 is the registration statement form for small business 
investment companies. The average additional burden imposed by 
amendments to Form N-5 is estimated to be 1 hour per registrant. The 
total annual burden for Form N-5 would be 351 burden hours per 
registrant and the total for all registrants would be 702 hours.
    Form N-8B-2 is the registration statement form used by unit 
investment trust currently issuing securities to register under the 
1940 Act. The average additional burden imposed by the proposed 
amendments to Form N-8B-2 is estimated to be 1 hour per registrant. An 
average of 22 filers file Form N-8b-2 and the total annual burden hours 
per registrant would be 1,627 hours. The total burden for all 
registrants filing Form N-8B-2 would be 35,794 hours.
    Form N-8B-3 is used by unincorporated management investment 
companies currently issuing periodic plan certificates to register 
under the 1940 Act. Approximately 2 filers file Form N-8b-3 annually. 
The average additional burden imposed by the proposed amendments to 
Form N-8B-3 is estimated to be 1 hour per registrant. The total burden 
for all registrants filing Form N-8B-3 will be 342 hours.
    Form N-8B-4 is used by face-amount certificate companies to 
register under the 1940 Act. The average additional burden imposed by 
the proposed amendments to Form N-8B-4 is estimated to be 1 hour per 
registrant. Approximately 1 filer will file Form N-8B-4 annually. The 
total annual burden hours per registrant would be 171 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 Commission rules and forms to Richard T. Redfearn, 
Acting Director, Office of Information Technology, Securities and 
Exchange Commission, 450 Fifth Street, NW., Washington, DC 20549, and 
Clearance Officer for the SEC, Office of Management and Budget 
(Paperwork Reduction Projects 3235-0307 (Form N-1A), 3265-0026 (Form N-
2), 3235-0316 (Form N-3), 3235-0318 (Form N-4), 235-0169 (Form N-5), 
3235-0186 (Form N-8B-2) 3235-0166 (Form N-8B-3), and 3235-0247 (Form N-
8B-4) Room 3208, New Executive Office Building, Washington, DC 20543.

    Dated: November 22, 1994.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 94-29697 Filed 12-1-94; 8:45 am]
BILLING CODE 8010-01-M