[Federal Register Volume 62, Number 7 (Friday, January 10, 1997)] [Notices] [Pages 1478-1479] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 97-617] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Submission for OMB Review; Comment Request Extension: Form 13F, SEC File No. 270-22, OMB Control No. 3235-0006 Rule 204-3, SEC File No. 270-42, OMB Control No. 3235-0047 Reinstatement: Rule 6a-3, SEC File No. 270-15, OMB Control No. 3235-0021 Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549. 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 requests for approval of extension and reinstatement on previously approved collections of information. Form 13F is used by certain large investment managers to report quarterly with respect to certain securities over which they exercise investment discretion. Each report takes about 24.6 hours to fill out. It is estimated that approximately 1,804 institutional investment managers are subject to the rule. Each reporting manager files Form 13F quarterly. It is estimated that compliance with the Form 13F imposes a total annual burden per manager of approximately 98.4 hours. The total annual burden for all managers is estimated at 177,513.6 hours. Rule 203-4 requires an investment adviser to deliver or offer to deliver to clients a written disclosure containing specified information concerning the background and business practices of [[Page 1479]] the adviser. Investors need this information to determine whether to retain or continue to employ the investment adviser. There are 22,500 investment advisers subject to this rule. It is estimated that the burden resulting from the rule is 551,250 total annual hours. Rule 6a-3 requires a registered or exempted exchange to file with the Commission (i) notification of any action that renders its application or annual amendment inaccurate, (ii) material it issues or makes available to members, and (iii) a monthly report concerning the activities on the exchange. There are 8 registered exchanges and 1 exempted exchange that must comply with Rule 6a-3. Each of these 9 respondents file supplemental information under Rule 6a-3 approximately 25 times each year, for a total of 225 annual responses. Each response requires no more than one- half hour. Thus, the total compliance burden for registered and exempted exchanges per year is 112.5 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, Office of Information Technology, Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549 and 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: December 30, 1996. Margaret H. McFarland, Deputy Secretary. [FR Doc. 97-617 Filed 1-9-97; 8:45 am] BILLING CODE 8010-01-M