[Federal Register Volume 78, Number 251 (Tuesday, December 31, 2013)]
[Notices]
[Page 79712]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-31243]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; 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-8B-4.
OMB Control No.: 3235-0247, SEC File No. 270-180.
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'') is soliciting comments on the collection of
information summarized below. The
Commission plans to submit this existing collection of information
to the Office of Management and Budget (``OMB'') for extension and
approval.
Form N-8B-4 (17 CFR 274.14) is the form used by face-amount
certificate companies to comply with the filing and disclosure
requirements imposed by Section 8(b) of the Investment Company Act of
1940 (15 U.S.C. 80a-8(b)). Among other items, Form N-8B-4 requires
disclosure of the following information about the face-amount
certificate company: Date and form of organization; controlling
persons; current business and contemplated changes to the company's
business; investment, borrowing, and lending policies, as well as other
fundamental policies; securities issued by the company; investment
adviser; depositaries; management personnel; compensation paid to
directors, officers, and certain employees; and financial statements.
The Commission uses the information provided in the collection of
information to determine compliance with Section 8(b) of the Investment
Company Act of 1940.
Form N-8B-4 and the burden of compliance have not changed since the
last approval. Each registrant files Form N-8B-4 for its initial filing
and does not file post-effective amendments to Form N-8B-4.\1\
Commission staff estimates that no respondents will file Form N-8B-4
each year. There are currently only four existing face-amount
certificate companies, and none have filed a Form N-8B-4 in many years.
No new face-amount certificate companies have been established since
the last OMB information collection approval for this form, which
occurred in 2011. Accordingly, the staff estimates that, each year,
zero face-amount certificate companies will file Form N-8B-4, and that
the total burden for the information collection is zero hours. Although
Commission staff estimates that there is no hour burden associated with
Form N-8B-4, the staff is requesting an hour burden of one hour for
administrative purposes. Estimates of the burden hours are made solely
for the purposes of the PRA and are not derived from a comprehensive or
even a representative survey or study of the costs of SEC rules and
forms.
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\1\ Pursuant to Section 30(b)(1) of the Act, each respondent
keeps its registration statement current through the filing of
periodic reports as required by Section 13 of the Securities
Exchange Act of 1934 and the rules thereunder. Post-effective
amendments are filed with the Commission on the face-amount
certificate company's Form S-1. Hence, respondents only file Form N-
8B-4 for their initial registration statement and not for post-
effective amendments.
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The information provided on Form N-8B-4 is mandatory. The
information provided on Form N-8B-4 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 OMB control number.
Written comments are invited on: (a) 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; (b) the accuracy of the agency's estimate of
the burden of the collection of information; (c) ways to enhance the
quality, utility, and clarity of the information collected; and (d)
ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology. Consideration will
be given to comments and suggestions submitted in writing within 60
days of this publication.
Please direct your written comments to Thomas Bayer, 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].
Dated: December 24, 2013.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2013-31243 Filed 12-30-13; 8:45 am]
BILLING CODE 8011-01-P