[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