[Federal Register Volume 65, Number 76 (Wednesday, April 19, 2000)]
[Notices]
[Page 21046]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-9788]



[[Page 21046]]

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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Requests, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549

Extension:
    Rule 489 and Form F-N, SEC File No. 270-361, OMB Control No. 
3235-0411
    Form 24F-2, SEC. File No. 270-399, OMB Control No. 3235-0456

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (``Act'') [44 U.S.C. 3501 et seq.], the Securities and 
Exchange Commission (`Commission'') is soliciting comments on the 
collections of information summarized below. The Commission plans to 
submit these existing collections of information to the Office of 
Management and Budget for extension and approval.
    Rule 489 under the Securities Act of 1993, Filing of Form by 
Foreign Banks and Certain of their Holding Companies and Finance 
Subsidiaries; and Form F-N, Appointment of Agent for Service of Process 
by Foreign Banks and Foreign Insurance Companies and Certain of Their 
Holding Companies and Finance Subsidiaries Making Public Offerings of 
Securities in the United States.
    Rule 489 under the Securities Act of 1933 [17 CFR 230.489] requires 
foreign banks and insurance companies and holding companies and finance 
subsidiaries of foreign banks and foreign insurance companies that are 
excepted from the definition of ``investment company'' by virtue of 
Rules 3a-1, 3a-5, and 3a-6 under the Investment Company Act of 1940 to 
file Form F-N to appoint an agent for service of process in the United 
States when making a public offering of securities. Approximately seven 
entities are required by Rule 489 to file Form F-N, which is estimated 
to require an average of one hour to complete. The estimated annual 
burden of complying with the rule's filing requirement is approximately 
eight hours, as one of the entities has submitted multiple filings.
    Under 17 CFR 270.24f-2, any open-end management companies (``mutual 
funds''), unit investment trusts (``UITs'') or face-amount certificate 
companies (collectively, ``funds'') that are deemed to have registered 
an indefinite amount of securities must, not later than 90 days after 
the end of any fiscal year in which it has publicly offered such 
securities, file Form 24F-2 with the Commission. Form 24F-2 is the 
annual notice of securities sold by funds that accompanies the payment 
of registration fees with respect to the securities sold during the 
fiscal year.
    The Commission estimates that 8,203 funds file Form 24F-2 on the 
required annual basis. The average annual burden per respondent for 
Form 24F-2 is estimated to be one hour. The total annual burden for all 
respondents to Form 24F-2 is estimated to be 8,203 hours.
    Compliance with the collection of information required by Form 24F-
2 is mandatory. The Form 24F-2 filing that must be made to the 
Commission is available to the public.
    The estimates of average burden hours are made solely for the 
purposes of the PRA and are not derived from a comprehensive or even 
representative survey or study of the cost of Commission rules and 
forms. 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 OMB control number.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information collected; and (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    Please direct your written comments to Michael E. Bartell, 
Associate Executive Director, Office of Information Technology, 
Securities and Exchange Commission, 450 Fifth Street, NW., Washington, 
DC. 20549.

    Dated: April 11, 2000.
Jonathan G. Katz,
Secretary.
[FR Doc. 00-9788 Filed 4-18-00; 8:45 am]
BILLING CODE 8010-01-M