[Federal Register Volume 79, Number 48 (Wednesday, March 12, 2014)]
[Notices]
[Pages 14090-14091]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-05319]
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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-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.) (``PRA''), the Securities and
Exchange Commission (``Commission'') has submitted to the Office of
Management and Budget (``OMB'') requests for extension of the
previously approved collection of information discussed below.
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
[[Page 14091]]
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.
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, 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: March 6, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-05319 Filed 3-11-14; 8:45 am]
BILLING CODE 8011-01-P