[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