[Federal Register Volume 65, Number 142 (Monday, July 24, 2000)]
[Notices]
[Page 45631]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-18592]


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SECURITIES AND EXCHANGE COMMISSION


Request for Public Comment

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

    Extensions: Rule 6c-7, SEC File No. 270-269, OMB Control No. 3235-
0276, and Rule 11a-2, SEC File No. 270-267, OMB Control No. 3235-0272.
    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'') is soliciting comments on the 
collection of information summarized below. The Commission plans to 
submit this existing collection of information to the Office of 
Management and Budget for extension and approval.
    Rule 6c-7 [17 CFR 270.6c-7] under the Investment Company Act of 
1940 (15 U.S.C. 80a-1 et seq.) (``1940 Act'') provides exemption from 
certain provisions of Sections 22(e) and 27 of the 1940 Act for 
registered separate accounts offering variable annuity contracts to 
certain employees of Texas institutions of higher education 
participating in the Texas Optional Retirement Program. There are 
approximately 82 registrants governed by Rule 6c-7. The burden of 
compliance with Rule 6c-7, regarding obtaining from a purchaser, prior 
to or at the time of purchase, a signed document acknowledging the 
restrictions on redeemability imposed by Texas law, is estimated to be 
approximately 3 minutes per response for each of 2,649 purchasers 
annually, for a total annual burden of 132.45 hours.
    Rule 11a-2 [17 CFR 270.11a-2] permits certain registered insurance 
company separate accounts, subject to certain conditions, to make 
exchange offers without prior approval by the Commission of the terms 
of those offers. Rule 11a-2 requires disclosure, in certain 
registration statements filed pursuant to the 1933 Act, of any 
administrative fee or sales load imposed in connection with an exchange 
offer. There are approximately 649 restraints governed by Rule 11a-2, 
with an estimated compliance time of 15 minutes per registrant.
    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 or forms. With regard to Rule 6c-7, the Commission 
does not include in the estimate of average burden hours the time 
preparing registration statement and sales literature disclosure 
regarding the restrictions or redeemability imposed by Texas law. The 
estimate of burden hours for completing the relevant registration 
statements are reported on the separate PRA submissions for those 
statements (see the separate PRA submissions for Form N-3 [17 CFR 
274.11b] and Form N-4 [17 CFR 274.11c]). With regard to Rule 11a-2, the 
Commission includes the estimate of burden hours in the total number of 
burden hours estimated for completing the relevant registration 
statements and reported on the separate PRA submissions for those 
statements (see the separate PRA submissions for Form N-3 and Form N-
4).
    Complying with the collection of information requirements of the 
rules is necessary to obtain a benefit. 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.
    Written comments are invited on: (a) Whether the collection of 
information is necessary for the proper performance of the functions of 
the Commission, including whether the information has practical 
utility; (b) the accuracy of the Commission'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.
    Direct your written comment to Michael E. Bartell, Associate 
Executive Director, Office of Information Technology, Securities and 
Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549.

    Dated: July 14, 2000.
Jonathan G. Katz,
Secretary.
[FR Doc. 00-18592 Filed 7-21-00; 8:45 am]
BILLING CODE 8010-01-M