[Federal Register Volume 79, Number 145 (Tuesday, July 29, 2014)]
[Notices]
[Pages 44068-44069]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-17776]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; 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:
Rule 6e-2 and Form N-6EI-1.
SEC File No. 270-177, OMB Control No. 3235-0177.
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'') 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 for extension and approval.
Rule 6e-2 (17 CFR 270.6e-2) under the Investment Company Act of
1940 (``Act'') (15 U.S.C. 80a) is an exemptive rule that provides
separate accounts formed by life insurance companies to fund certain
variable life insurance products, exemptions from certain provisions of
the Act, subject to conditions set forth in the rule. The rule sets
forth several information collection requirements.
Rule 6e-2 provides a separate account with an exemption from the
registration
[[Page 44069]]
provisions of section 8(a) of the Act if the account files with the
Commission Form N-6EI-1, a notification of claim of exemption.
The rule also exempts a separate account from a number of other
sections of the Act, provided that the separate account makes certain
disclosure in its registration statements (in the case of those
separate accounts that elect to register), reports to contractholders,
proxy solicitations, and submissions to state regulatory authorities,
as prescribed by the rule.
Paragraph (b)(9) of Rule 6e-2 provides an exemption from the
requirements of section 17(f) of the Act and imposes a reporting burden
and certain other conditions. Section 17(f) requires that every
registered management company meet various custody requirements for its
securities and similar investments. The exemption provided in paragraph
(b)(9) applies only to management accounts that offer life insurance
contracts.
Since 2008, there have been no filings under paragraph (b)(9) of
Rule 6e-2 by management accounts. Therefore, since 2008, there has been
no cost or burden to the industry regarding the information collection
requirements of paragraph (b)(9) of Rule 6e-2. In addition, there have
been no filings of Form N-6EI-1 by separate accounts since 2008.
Therefore, there has been no cost or burden to the industry since that
time. The Commission requests authorization to maintain an inventory of
one burden hour for administrative purposes.
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 shall
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the proposed collection of information; (c) ways to
enhance the quality, utility, and clarity of the information to be
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: July 23, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-17776 Filed 7-28-14; 8:45 am]
BILLING CODE 8011-01-P