[Federal Register Volume 68, Number 194 (Tuesday, October 7, 2003)]
[Notices]
[Page 57936]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-25316]


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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:
    Rule 6c-7, SEC File No. 270-269, OMB Control No. 3235-0276.

    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 a request for extension of the previously approved 
collection of information discussed below.
    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 Option Retirement Program. There are 
approximately 80 registrants governed by Rule 6c-7. The burden of 
compliance with Rule 6c-7, in connection with the registrants 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 2,600 purchasers annually (at an estimated $70 per hour), for a 
total annual burden of 130 hours (at a total annual cost of $9,100). 
Rule 6c-7 requires that the separate account's Registration Statement 
under the Securities Act of 1933 (15 U.S.C. 77a et seq.) include a 
representation that Rule 6c-7 is being relied upon and is being 
complied with. This requirement enhances the Commission's ability to 
monitor utilization of and compliance with the rule. There are no 
recordkeeping requirements with respect to Rule 6c-7.
    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. The Commission does not include in the 
estimate of average burden hours the time preparing registration 
statements and sales literature disclosure regarding the restrictions 
on 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].)
    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.
    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 10102, New Executive Office Building, 
Washington, DC 20503; and (ii) Kenneth A. Fogash, Acting Associate 
Executive Director/CIO, Office of Information Technology, Securities 
and Exchange Commission, 450 Fifth Street, NW., Washington, DC 20549. 
Comments must be submitted to OMB within 30 days of this notice.

    Dated: September 26, 2003.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 03-25316 Filed 10-6-03; 8:45 am]
BILLING CODE 8010-01-P