[Federal Register Volume 62, Number 143 (Friday, July 25, 1997)]
[Notices]
[Pages 40126-40127]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-19627]
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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, 450
Fifth Street, N.W., Washington, D.C. 20549.
Form 24F-2--SEC File No. 270-399--OMB Control No. 3235-0456
Form N-1A--SEC File No. 270-21--OMB Control No. 3235-0307
Form N-3--SEC File No. 270-281--OMB Control No. 3235-0316
Form N-4--SEC File No. 270-282--OMB Control No. 3235-0318
Form N-14--SEC File No. 270-297--OMB Control No. 3235-0336
Form S-6--SEC File No. 270-181--OMB Control No. 3235-0184
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 (the ``Commission'') has submitted to the Office of
Management and Budget the following proposed amendments to previously
approved collections of information discussed below. The proposed
amendment would implement a provision of the National Securities
Markets Improvement Act of 1996 (``Improvement Act'') relating to the
registration of certain investment company securities under the
Securities Act of 1933 (``Securities Act'').
Form 24F-2 is the form used by open-end management investment
companies (``mutual funds''), unit investment trusts (``UITs'') and
face-amount certificate companies (collectively, ``funds'') to pay
registration fees under the Securities Act. Form 24F-2 is required to
be filed annually. It is estimated that approximately 6,680 funds file
Form 24F-2 for a total of 6,680 annual burden hours.
Form N-1A is used by mutual funds to register with the Commission
as investment companies under the Investment Company Act of 1940 (the
``Investment Company Act'') and to register their offerings of
securities under the Securities Act. Form N-1A is filed annually and
updated on occasion. It is estimated that approximately 7,500 fund file
Form N-1A for a total of 990,000 annual burden hours.
Form N-3 is used by insurance company separate accounts organized
as management investment companies to register with the Commission as
investment companies under the Investment Company Act and to register
their offerings of securities under the Securities Act. Form N-3 is
filed annually and updated on occasion. It is estimated that
approximately 53 funds file Form N-3 for a total of 27,499 annual
burden hours.
Form N-4 is used by insurance company separate accounts organized
as UITs to register with the Commission as investment companies under
the Investment Company Act and to register their offerings of
securities under the Securities Act. Form N-4 is filed annually and
updated on occasion. It is estimated that approximately 288 funds file
Form N-4 for a total of 40,562 annual burden hours.
Form N-14 is the registration statement used by mutual funds to
register securities under the Securities Act which are to be issued in
connection with mergers and other forms of business combinations. Form
N-14 is filed on occasion. It is estimated that approximately 95 funds
file Form N-14 for a total of 58,900 annual burden hours.
Form S-6 is used by UITs to register their securities under the
Securities Act (UITs register as investment companies on a separate
Form N-8B-2). Form S-6 is filed annually. It is estimated that
approximately 3,263 funds file Form S-6 for a total of 114,205 annual
burden hours.
The proposed amendments to Form 24F-2 reflect the changes made by
the Improvement Act to the method of determining the amount of
registration fees on fund securities. The proposed amendments would
simplify the Form, reduce the burdens of filing the Form, and assist
funds in complying with the changes made by the Improvement Act. The
proposed amendments to Forms N-1A, N-3, N-4, N-14 and S-6 would conform
the language on the cover page of each Form to the amended statutory
provisions and would not result in any change in the paperwork burden
of these Forms.
Complying with the collection of information requirements of the
rule is mandatory. The filings that the rule requires to be made with
the
[[Page 40127]]
Commission are avaialbel to the public. An agency may not conduct or
sponsor, and a person is not required to respond to, a collection of
information unless it displays a currently valid control number.
The estimate of average burden hours is made solely for the
purposes of the Paperwork Reduction Act, and is not derived from a
comprehensive or even a representative survey or study of the costs of
Commission rules and forms.
Please direct general comments regarding the above information to
the following persons: (i) 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; and (ii) Michael E. Bartell, Associate
Executive Director, Office of Information Technology, Securities and
Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549.
Comments must be submitted to OMB within 30 days of this notice.
Dated: July 15, 1997.
Jonathan G. Katz,
Secretary.
[FR Doc. 97-19627 Filed 7-24-97; 8:45 am]
BILLING CODE 8010-01-M