[Federal Register Volume 77, Number 135 (Friday, July 13, 2012)]
[Notices]
[Pages 41462-41463]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-17076]


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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 Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Form N-6; SEC File No. 270-446 ; OMB Control No. 3235-0503.

    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'') has submitted to the Office of 
Management and Budget a request for extension of the previously 
approved collection of information discussed below.
    The title for the collection of information is ``Form N-6 (17 CFR 
239.17c and 274.11d) under the Securities Act of 1933 (15 U.S.C. 77a et 
seq.) and under the Investment Company Act of 1940 (15 U.S.C. 80a-1 et 
seq.) registration statement of separate accounts organized as unit 
investment trusts that offer variable life insurance policies.'' Form 
N-6 is the form used by insurance company separate accounts organized 
as unit investment trusts that offer variable life insurance contracts 
to register as investment companies under the Investment Company Act of 
1940 and/or to register their securities under the Securities Act of 
1933. 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-6 also requires separate accounts organized as unit 
investment trusts that offer variable life insurance policies to 
provide investors with a prospectus and a statement of additional 
information (``SAI'') covering essential information about the separate 
account when it makes an initial or additional offering of its 
securities.
    The Commission estimates that approximately 436 registration 
statements (429 post-effective amendments plus 7 initial registration 
statements) are filed on Form N-6 annually. The estimated hour burden 
per portfolio for preparing and filing an initial registration 
statement on Form N-6 is 770.25 hours. The estimated annual hour burden 
for preparing and filing initial registration statements is 5,391.75 
hours (7 initial registration statements annually times 770.25 hours 
per registration statement). The Commission estimates that the hour 
burden for preparing and filing a post-effective amendment on Form N-6 
is 67.5 hours. The total annual hour burden for preparing and filing 
post-effective amendments is 28,957.5 hours (429 post-effective 
amendments annually times 67.5 hours per amendment). The frequency of 
response is annual. The total annual hour burden for Form N-6, 
therefore, is estimated to be 34,349.25 hours (5,391.75 hours for 
initial registration statements plus 28,957.5 hours for post-effective 
amendments).
    The Commission estimates that the cost burden for preparing an 
initial

[[Page 41463]]

Form N-6 filing is $23,440 per portfolio and the current cost burden 
for preparing a post-effective amendment to a previously effective 
registration statement is $8,523 per portfolio. The Commission 
estimates that, on an annual basis, 7 portfolios will be referenced in 
an initial Form N-6 and 429 portfolios will be referenced in a post-
effective amendment of Form N-6. Thus, the total cost burden allocated 
to Form N-6 would be $3,820,447.
    The information collection requirements imposed by Form N-6 are 
mandatory. Responses to the collection of information will not be kept 
confidential. Estimates of average burden hours are made solely for the 
purposes of the Paperwork Reduction Act, and are not derived from a 
comprehensive or even a representative survey or study of the costs 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 control number.
    The public may view the background documentation for this 
information collection at the following Web site, www.reginfo.gov. 
Comments should be directed to: (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 by sending an email to: [email protected]; and (ii) Thomas Bayer, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 
6432 General Green Way, Alexandria, VA 22312 or send an email to: [email protected]. Comments must be submitted to OMB within 30 days of 
this notice.

    Dated: July 9, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-17076 Filed 7-12-12; 8:45 am]
BILLING CODE 8011-01-P