[Federal Register Volume 72, Number 83 (Tuesday, May 1, 2007)]
[Notices]
[Pages 23855-23856]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-8196]


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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 N-3, SEC File No. 270-281, OMB Control No. 3235-0316.

    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 
(``OMB'') a request for extension of the previously approved collection 
of information discussed below.
    The title for the collection of information is ``Form N-3 (17 CFR 
239.17a and 274.11b) under the Securities Act of 1933 and under the 
Investment Company Act of 1940, Registration Statement of Separate 
Accounts Organized as Management Investment Companies.'' Form N-3 is 
the form used by insurance company separate accounts organized as 
management investment companies that offer variable annuity contracts 
to register as investment companies under the Investment Company Act of 
1940 (15 U.S.C. 80a-1 et seq.) and/or to register their securities 
under the Securities Act of 1933 (15 U.S.C. 77a et seq.). The primary 
purpose of the registration process is to provide disclosure of 
financial and other information to investors and potential investors 
for the purpose of evaluating an investment in a security. Form N-3 
also permits separate accounts organized as management investment 
companies that offer annuity contracts to provide investors with a 
prospectus containing information required in a registration statement 
prior to the sale or at the time of confirmation of delivery of 
securities. The form also may be used by the Commission in its 
regulatory review, inspection, and policy-making roles.
    The Commission estimates that there are 2 initial registration 
statements and 30 post-effective amendments to initial registration 
statements filed on Form N-3 annually and that the average number of 
portfolios referenced in each initial filing and post-effective 
amendment is 2. The Commission further estimates that the hour burden 
for preparing and filing a post-effective amendment on Form N-3 is 
154.7 hours per portfolio. The total annual hour burden for preparing 
and filing post-effective amendments is 9,282 hours (30 post-effective 
amendments x 2 portfolios x 154.7 hours per portfolio). The estimated 
annual hour burden for preparing and filing initial registration 
statements is 3,690.8 hours (2 initial registration statements x 2 
portfolios x 922.7 hours per portfolio). The total annual hour burden 
for Form N-3, therefore, is estimated to be 12,972.8 hours (9,282 hours 
+ 3,690.8 hours).
    The information collection requirements imposed by Form N-3 are 
mandatory. Responses to the collection of information will not be kept 
confidential. 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, Room 10102, New Executive Office 
Building, Washington, DC 20503 or e-mail to: [email protected]; and (ii) R. Corey Booth, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Shirley 
Martinson, 6432 General Green Way, Alexandria, VA 22312, or send an e-
mail to: [email protected]. Comments must be submitted to OMB within 
30 days of this notice.


[[Page 23856]]


    Dated: April 23, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-8196 Filed 4-30-07; 8:45 am]
BILLING CODE 8010-01-P