[Federal Register Volume 78, Number 120 (Friday, June 21, 2013)]
[Notices]
[Pages 37602-37603]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-14794]
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SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon Written Request, Copy Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Form S-6, OMB Control No. 3235-0184, SEC File No. 270-181.
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 S-6 (17 CFR
239.16), for Registration under the Securities Act of 1933 of
Securities of Unit Investment Trusts Registered on Form N-8B-2 (17 CFR
274.13).'' Form S-6 is a form used for registration under the
Securities Act of 1933 (15 U.S.C. 77a
[[Page 37603]]
et seq.) (``Securities Act'') of securities of any unit investment
trust (``UIT'') registered under the Investment Company Act of 1940 (15
U.S.C. 80a-1 et seq.) (``Investment Company Act'') on Form N-8B-2.\1\
Section 5 of the Securities Act (15 U.S.C. 77e) requires the filing of
a registration statement prior to the offer of securities to the public
and that the statement be effective before any securities are sold.
Section 5(b) of the Securities Act requires that investors be provided
with a prospectus containing the information required in a registration
statement prior to the sale or at the time of confirmation or delivery
of the securities.
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\1\ Form N-8B-2 is the form used by UITs other than separate
accounts that are currently issuing securities, including UITs that
are issuers of periodic payment plan certificates and UITs of which
a management investment company is the sponsor or depositor to
register under the Investment Company Act pursuant to Section 8
thereof.
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Section 10(a)(3) of the Securities Act (15 U.S.C. 77j(a)(3))
provides that when a prospectus is used more than nine months after the
effective date of the registration statement, the information therein
shall be as of a date not more than sixteen months prior to such use.
As a result, most UITs update their registration statements under the
Securities Act on an annual basis in order that their sponsors may
continue to maintain a secondary market in the units. UITs that are
registered under the Investment Company Act on Form N-8B-2 file post-
effective amendments to their registration statements on Form S-6 in
order to update their prospectuses.
The purpose of Form S-6 is to meet the filing and disclosure
requirements of the Securities Act and to enable filers to provide
investors with information necessary to evaluate an investment in the
security. This information collection differs significantly from many
other federal information collections, which are primarily for the use
and benefit of the collecting agency. The information required to be
filed with the Commission permits verification of compliance with
securities law requirements and assures the public availability and
dissemination of the information.
The Commission estimates that there are approximately 1,287 initial
registration statements filed on Form S-6 annually and approximately
1,268 annual post-effective amendments to previously effective
registration statements filed on Form S-6. The Commission estimates
that the hour burden for preparing and filing an initial registration
statement on Form S-6 is 45 hours and for preparing and filing a post-
effective amendment to a previously effective registration statement
filed on Form S-6 is 40 hours. Therefore, the total burden of preparing
and filing Form S-6 for all affected UITs is 108,635 hours.
The information collection requirements imposed by Form S-6 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.
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: June 17, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-14794 Filed 6-20-13; 8:45 am]
BILLING CODE 8011-01-P