[Federal Register Volume 61, Number 71 (Thursday, April 11, 1996)]
[Notices]
[Pages 16149-16150]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-9004]



-----------------------------------------------------------------------


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, 
D.C. 20549
Revision:
    Rule 10f-3
    SEC File No. 270-237
    OMB Control No. 3235-0226

    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

[[Page 16150]]
proposed amendments to rule 10f-3 under the Investment Company Act of 
1940 (the ``Act'').
    Rule 10f-3 permits, under certain conditions, purchases of 
securities from underwriting syndicates whose members include 
affiliated persons of the purchasing investment company. The proposed 
amendments to rule 10f-3 would increase the flexibility of funds 
relying on the rule to purchase greater quantities of securities, 
foreign securities not registered under the Securities Act of 1933, and 
municipal securities in group sales. The average additional burden 
imposed by the proposed amendments to rule 10f-3 would be 0.12 hours 
per respondent. The Commission estimates that approximately 600 funds 
rely upon rule 10f-3 each year. The total average annual burden for 
rule 10f-3 per respondent would be 1.12 burden hours and the total for 
all respondents would be 670 hours.
    General comments regarding the estimated burden hours should be 
directed to the Desk Officer for the Securities and Exchange Commission 
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 Michael E. Bartell, Associate Executive 
Director, Securities and Exchange Commission, 450 Fifth Street, N.W., 
Washington, D.C. 20549-6004, and the 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.

    Dated: April 2, 1996.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-9004 Filed 4-10-96; 8:45 am]
BILLING CODE 8010-01-M