80_FR_28130 80 FR 28036 - Submission for OMB Review; Comment Request

80 FR 28036 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 94 (May 15, 2015)

Page Range28036-28037
FR Document2015-11729

Federal Register, Volume 80 Issue 94 (Friday, May 15, 2015) 
[Federal Register Volume 80, Number 94 (Friday, May 15, 2015)]
[Notices]
[Pages 28036-28037]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-11729]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC 
20549-2736.

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

[[Page 28037]]

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 472 registration 
statements (396 post-effective amendments plus 76 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 58,539 
hours (76 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 26,730 hours (396 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 85,269 hours (58,539 hours for initial 
registration statements plus 26,730 hours for post-effective 
amendments).
    The Commission estimates that the cost burden for preparing an 
initial Form N-6 filing is $24,169 per portfolio and the current cost 
burden for preparing a post-effective amendment to a previously 
effective registration statement is $8,788 per portfolio. The 
Commission estimates that, on an annual basis, 76 portfolios will be 
referenced in an initial Form N-6 and 396 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 $5,316,892.
    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) Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send an email 
to: [email protected]. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: May 11, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-11729 Filed 5-14-15; 8:45 am]
 BILLING CODE 8011-01-P

28036 Federal Register / Vol. 80, No. 94 / Friday, May 15, 2015 / Notices addition to its existing authorization for III. Date of Effectiveness of the inspection and copying at the principal the F&O product category. The Proposed Rule Change and Timing for office of ICE Clear Europe and on ICE amendments do not otherwise change Commission Action Clear Europe’s Web site at https:// the substantive terms of the service. ICE Within 45 days of the date of www.theice.com/clear-europe/ Clear Europe views Clearstream Banking publication of this notice in the Federal regulation. All comments received will as substantially similar to Euroclear Register or within such longer period be posted without change; the Bank, the current service provider, from up to 90 days (i) as the Commission may Commission does not edit personal an operational and risk perspective and identifying information from designate if it finds such longer period otherwise in terms of the safeguarding submissions. You should submit only to be appropriate and publishes its of funds and securities. Clearstream information that you wish to make reasons for so finding or (ii) as to which available publicly. All submissions Banking is currently authorized to act as the self-regulatory organization should refer to File Number SR–ICEEU– a triparty collateral service provider consents, the Commission will: 2015–009 and should be submitted on with respect to original margin for the (A) By order approve or disapprove or before June 5, 2015. F&O product category, and based on the proposed rule change or (B) institute proceedings to determine For the Commission, by the Division of experience in that product category ICE whether the proposed rule change Trading and Markets, pursuant to delegated Clear Europe believes that use of authority.6 Clearstream Banking can be should be disapproved. Robert W. Errett, appropriately extended to the other IV. Solicitation of Comments Deputy Secretary. product categories. As a result, ICE Interested persons are invited to [FR Doc. 2015–11715 Filed 5–14–15; 8:45 am] Clear Europe believes that the proposed submit written data, views, and BILLING CODE 8011–01–P rule change will not adversely affect the arguments concerning the foregoing, safeguarding of securities or funds in including whether the proposed rule the custody or control of ICE Clear change is consistent with the Act. SECURITIES AND EXCHANGE Europe or for which it is responsible, Comments may be submitted by any of COMMISSION and are therefore consistent with the the following methods: requirements of Section 17A(b)(3)(F).5 Submission for OMB Review; Electronic Comments Comment Request B. Self-Regulatory Organization’s • Use the Commission’s Internet Upon Written Request, Copies Available Statement on Burden on Competition comment form (http://www.sec.gov/ From: Securities and Exchange ICE Clear Europe does not believe the rules/sro.shtml); or Commission, Office of FOIA Services, proposed rule change would have any • Send an email to rule-comments@ 100 F Street NE., Washington, DC impact, or impose any burden, on sec.gov. Please include File Number SR– 20549–2736. competition not necessary or ICEEU–2015–009 on the subject line. Extension: appropriate in furtherance of the Paper Comments Form N–6, SEC File No. 270–446, OMB purposes of the Act. The proposed rule Control No. 3235–0503. • Send paper comments in triplicate change will provide additional to Secretary, Securities and Exchange Notice is hereby given that, pursuant flexibility to Clearing Members by Commission, 100 F Street NE., to the Paperwork Reduction Act of 1995 permitting the use, on a voluntary basis, Washington, DC 20549–1090. (44 U.S.C. 3501 et seq.), the Securities of Clearstream Banking as a triparty and Exchange Commission (the All submissions should refer to File ‘‘Commission’’) has submitted to the collateral service provider for original or Number SR–ICEEU–2015–009. This file Office of Management and Budget a initial margin for all product categories. number should be included on the The proposed rule change will request for extension of the previously subject line if email is used. To help the approved collection of information otherwise not affect the terms or Commission process and review your conditions of any cleared contract or the discussed below. comments more efficiently, please use The title for the collection of standards or requirements for only one method. The Commission will information is ‘‘Form N–6 (17 CFR participation in or use of the Clearing post all comments on the Commission’s 239.17c and 274.11d) under the House. Accordingly, the proposed rule Internet Web site (http://www.sec.gov/ Securities Act of 1933 (15 U.S.C. 77a et change should not, in the Clearing rules/sro.shtml). Copies of the seq.) and under the Investment House’s view, affect the availability of submission, all subsequent Company Act of 1940 (15 U.S.C. 80a–1 clearing, access to clearing services or amendments, all written statements et seq.) registration statement of separate the costs of clearing for clearing with respect to the proposed rule accounts organized as unit investment members or other market participants. change that are filed with the trusts that offer variable life insurance Commission, and all written policies.’’ Form N–6 is the form used by C. Self-Regulatory Organization’s communications relating to the Statement on Comments on the insurance company separate accounts proposed rule change between the organized as unit investment trusts that Proposed Rule Change Received From Commission and any person, other than offer variable life insurance contracts to Members, Participants or Others those that may be withheld from the register as investment companies under Written comments relating to the public in accordance with the the Investment Company Act of 1940 mstockstill on DSK4VPTVN1PROD with NOTICES provisions of 5 U.S.C. 552, will be and/or to register their securities under proposed rule change have not been available for Web site viewing and the Securities Act of 1933. The primary solicited or received. ICE Clear Europe printing in the Commission’s Public purpose of the registration process is to will notify the Commission of any Reference Room, 100 F Street NE., provide disclosure of financial and written comments received by ICE Clear Washington, DC 20549, on official other information to investors and Europe. business days between the hours of potential investors for the purpose of 10:00 a.m. and 3:00 p.m. Copies of such 5 15 U.S.C. 78q–1(b)(3)(F). filings will also be available for 6 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 18:20 May 14, 2015 Jkt 235001 PO 00000 Frm 00152 Fmt 4703 Sfmt 4703 E:\FR\FM\15MYN1.SGM 15MYN1

Federal Register / Vol. 80, No. 94 / Friday, May 15, 2015 / Notices 28037 evaluating an investment in a security. The public may view the background Web site at sbir.gov, and any official SBA, Form N–6 also requires separate documentation for this information SBIR Program and/or STTR Program purpose. accounts organized as unit investment collection at the following Web site, John R. Williams, trusts that offer variable life insurance www.reginfo.gov. Comments should be Director, Office of Innovation and policies to provide investors with a directed to: (i) Desk Officer for the Technology. prospectus and a statement of additional Securities and Exchange Commission, [FR Doc. 2015–11697 Filed 5–14–15; 8:45 am] information (‘‘SAI’’) covering essential Office of Information and Regulatory BILLING CODE 8025–01–P information about the separate account Affairs, Office of Management and when it makes an initial or additional Budget, Room 10102, New Executive offering of its securities. Office Building, Washington, DC 20503, SMALL BUSINESS ADMINISTRATION The Commission estimates that or by sending an email to: Shagufta_ approximately 472 registration Ahmed@omb.eop.gov; and (ii) Pamela Data Collection Available for Public statements (396 post-effective Dyson, Director/Chief Information Comments amendments plus 76 initial registration Officer, Securities and Exchange statements) are filed on Form N–6 60-Day notice and request for ACTION: Commission, c/o Remi Pavlik-Simon, annually. The estimated hour burden comments. 100 F Street NE., Washington, DC 20549 per portfolio for preparing and filing an initial registration statement on Form or send an email to: PRA_Mailbox@ SUMMARY: The Small Business N–6 is 770.25 hours. The estimated sec.gov. Comments must be submitted to Administration (SBA) intends to request annual hour burden for preparing and OMB within 30 days of this notice. approval, from the Office of filing initial registration statements is Dated: May 11, 2015. Management and Budget (OMB) for the 58,539 hours (76 initial registration Robert W. Errett, new collection of information described statements annually times 770.25 hours below. The Paperwork Reduction Act Deputy Secretary. (PRA) of 1995, 44 U.S.C. Chapter 35 per registration statement). The [FR Doc. 2015–11729 Filed 5–14–15; 8:45 am] requires federal agencies to publish a Commission estimates that the hour burden for preparing and filing a post- BILLING CODE 8011–01–P notice in the Federal Register effective amendment on Form N–6 is concerning each proposed collection of 67.5 hours. The total annual hour information before submission to OMB, burden for preparing and filing post- and to allow 60 days for public effective amendments is 26,730 hours SMALL BUSINESS ADMINISTRATION comment in response to the notice. This (396 post-effective amendments notice complies with that requirement. SBIR/STTR Logo Design Competition annually times 67.5 hours per DATES: Submit comments on or before amendment). The frequency of response Announcement; Correction July 14, 2015. is annual. The total annual hour burden ADDRESSES: Send all comments to The Small Business Administration for Form N–6, therefore, is estimated to Delcine Montgomery, Contracting published a document in the Federal be 85,269 hours (58,539 hours for initial Officer Technical Representative, Office registration statements plus 26,730 Register of May 5, 2015 (Vol. 80, No. 86, Pages 25763–25765), concerning the of Native American Affairs, U.S. Small hours for post-effective amendments). Business Administration, 409 3rd Street The Commission estimates that the announcement of a competition to design a logo for the Small Business SW., Suite 6700, Washington, DC 20416. cost burden for preparing an initial Innovation Research (SBIR) and Small FOR FURTHER INFORMATION CONTACT: Form N–6 filing is $24,169 per portfolio and the current cost burden for Business Technology Transfer (STTR) Delcine Montgomery, Contracting preparing a post-effective amendment to Programs. This document was corrected Officer Technical Representative, 202– a previously effective registration (with scheduled publication of May 11, 205–6195 or delcine.montgomery@ statement is $8,788 per portfolio. The 2015) to reflect the fact that the sba.gov., or Curtis B. Rich, Management Commission estimates that, on an competition was only going to be judged Analyst, 202–205–7030, curtis.rich@ annual basis, 76 portfolios will be by SBA Officials and other SBIR/STTR sba.gov. referenced in an initial Form N–6 and Program Managers. SUPPLEMENTARY INFORMATION: In October 396 portfolios will be referenced in a The initial and corrected documents 2013, the SBA’s Office of the Native post-effective amendment of Form N–6. did not include a monetary prize to be Business Development awarded a Thus, the total cost burden allocated to awarded to the winner. By way of this contract to Cherokee Nation Technology Form N–6 would be $5,316,892. memo, SBA has made a determination Solutions, LLC (CNTS) to provide 8(a) The information collection that the document needs to be corrected Business Development Program training requirements imposed by Form N–6 are again to include a prize of $2,500. to American Indian Tribes (AITs) mandatory. Responses to the collection Alaskan Native Corporations (ANCs) of information will not be kept In the document printed on May 5, and Native Hawaiian Organizations confidential. Estimates of average 2015, the first full sentence on page (NHOs). The primary purpose of Native burden hours are made solely for the 25764 under the caption: ‘‘4. Prizes for American 8(a) Business Development purposes of the Paperwork Reduction Winners’’ did not include the Program Workshops Training Initiative Act, and are not derived from a mentioning of any monetary prize for (the Native American 8(a) BD the winner. This reference should be mstockstill on DSK4VPTVN1PROD with NOTICES comprehensive or even a representative Workshops) is to improve the Native survey or study of the costs of corrected and the sentence should read: American business owners and Commission rules and forms. An agency 4. Prizes for Winners: The winning entrepreneur’s understanding of the may not conduct or sponsor, and a contestant will be awarded a $2,500 prize SBA 8(a) Business Development person is not required to respond to a and the design will become the official logo program’s eligibility requirements and collection of information unless it for the SBIR/STTR Programs, the Programs’ application process, business operation displays a currently valid control features for successful contract number. management, revenue-generating/job- VerDate Sep<11>2014 18:20 May 14, 2015 Jkt 235001 PO 00000 Frm 00153 Fmt 4703 Sfmt 4703 E:\FR\FM\15MYN1.SGM 15MYN1


Document Created: 2018-02-21 10:27:19
Document Modified: 2018-02-21 10:27:19
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation80 FR 28036 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR