[Federal Register Volume 73, Number 158 (Thursday, August 14, 2008)]
[Notices]
[Page 47632]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-18842]


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DEPARTMENT OF LABOR

Office of the Secretary


Submission for OMB Review: Comment Request

August 11, 2008.
    The Department of Labor (DOL) hereby announces the submission of 
the following public information collection request (ICR) to the Office 
of Management and Budget (OMB) for review and approval in accordance 
with the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. 
chapter 35). A copy of this ICR, with applicable supporting 
documentation; including among other things a description of the likely 
respondents, proposed frequency of response, and estimated total burden 
may be obtained from the RegInfo.gov Web site at http://www.reginfo.gov/public/do/PRAMain or by contacting Darrin King on 202-
693-4129 (this is not a toll-free number)/e-mail: [email protected].
    Interested parties are encouraged to send comments to the Office of 
Information and Regulatory Affairs, Attn: OMB Desk Officer for the 
Employee Benefits Security Administration (EBSA), Office of Management 
and Budget, Room 10235, Washington, DC 20503, Telephone: 202-395-7316/
Fax: 202-395-6974 (these are not toll-free numbers), E-mail: [email protected] within 30 days from the date of this publication 
in the Federal Register. In order to ensure the appropriate 
consideration, comments should reference the OMB Control Number (see 
below).
    The OMB is particularly interested in comments which:
     Evaluate 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;
     Evaluate the accuracy of the agency's estimate of the 
burden of the proposed collection of information, including the 
validity of the methodology and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are to respond, including through the use of appropriate 
automated, electronic, mechanical, or other technological collection 
techniques or other forms of information technology, e.g., permitting 
electronic submission of responses.
    Agency: Employee Benefits Security Administration.
    Type of Review: Extension without change of currently approved 
collection.
    Title of Collection: Prohibited Transaction Exemption 86-128.
    OMB Control Number: 1210-0059.
    Affected Public: Private Sector--Business or other for-profits and 
not-for-profit institutions.
    Total Estimated Number of Respondents: 23,673.
    Total Estimated Annual Burden Hours: 59,072.
    Total Estimated Annual Costs Burden: $711,630.
    Description: Prohibited Transaction Class Exemption 86-128 permits 
persons who serve as fiduciaries for employee benefit plans to effect 
or execute securities transactions on behalf of employee benefit plans. 
The exemption also allows sponsors of pooled separate accounts and 
other pooled investment funds to use their affiliates to effect or 
execute securities transactions for such accounts in order to recapture 
brokerage commissions for benefit of employee benefit plans whose 
assets are maintained in pooled separate accounts managed by the 
insurance companies. For additional information, see related notice 
published at 73 FRN 21987 on April 23, 2008.

Darrin A. King,
Departmental Clearance Officer.
[FR Doc. E8-18842 Filed 8-13-08; 8:45 am]
BILLING CODE 4510-29-P