[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