[Federal Register Volume 63, Number 71 (Tuesday, April 14, 1998)]
[Notices]
[Pages 18237-18238]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-9804]


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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, 
Washington, DC 20549.

Extension:

Form U-6B-2--File No. 270-169, OMB Control No. 3235-0163

    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 request for extension of the previously approved collection 
of information discussed below.
    The Public Utility Holding Company Act of 1935 (15 U.S.C. Section 
79a et seq.) requires the filing of an application and/or declaration 
on Form U-1 for prior Commission approval both for the issue and sale 
of a security and its acquisition by a company in a registered holding 
company system.\1\ Section 6(b) provides that the Commission shall 
exempt from the requirement of filing a declaration on Form U-1, by 
rules and regulations or orders and subject to such terms and 
conditions as it deems appropriate in the public interest or for the 
protection of investors or consumers, certain security issuances and 
sales.
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    \1\ See section 6(a) (requiring prior Commission approval under 
the standards of section 7 for the issue and sale of securities) and 
section 9(a)(1) (requiring prior Commission approval under the 
standards of section 10 for the acquisition of securities).
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    Section 6(b) also contains a reporting requirement. It directs the 
issuer of securities exempted under section 6(b) to file with the 
Commission within 10 days of the issue or sale a certificate of 
notification and directs the Commission to prescribe the form of and 
information required in this certificate. Rule 20(d) prescribes Form U-
6B-2 as the form of certificate of notification to be filed pursuant to 
section 6(b). Form U-6B-2 is also prescribed by rule 52(b) (17 CFR 
250.52(b)) and rule 47(b) (17 CFR

[[Page 18238]]

250.47(b)) as the form of certificate of notification to be filed by a 
public-utility subsidiary company of a registered holding company to 
notify the Commission of exempt issuances and sales of securities under 
rules 52 (exemption for certain issuances and sales of securities 
approved by state commissions) and 47 (exemption for certain issuances 
and sales of securities to the Rural Electrification Administration). 
The Commission estimates that approximately 52 respondents file Form U-
6B-2 each year for a total annual burden of 52 hours.
    The estimates of average burden hours are made for the purposes of 
the Paperwork Reduction Act and are not derived from a comprehensive or 
even a representative survey or study of the costs of Commission rules 
and forms.
    There is no recordkeeping requirement of this information 
collection. It is mandatory that qualifying companies provide the 
information required by the Form U-6B-2. There is no requirement to 
keep the information confidential because it is public information.
    It should be noted that ``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.''
    General comments regarding the above information should be directed 
to the following persons: (i) Desk officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget (``OMB''), Room 3208, New Executive 
Office Building, Washington, DC 20503; and (ii) Michael E. Bartell, 
Associate Executive Director, Office of Information Technology, 
Securities and Exchange Commission, 450 Fifth Street, NW., Washington, 
DC 20549. Comments must be submitted to OMB by May 14, 1998.

    Dated: March 30, 1998.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-9804 Filed 4-13-98; 8:45 am]
BILLING CODE 8010-01-M