[Federal Register Volume 79, Number 187 (Friday, September 26, 2014)]
[Notices]
[Page 57990]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-22915]
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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 St. NE., Washington, DC
20549-0213.
Extension:
Rule 489 and Form F-N; SEC File No. 270-361, OMB Control No.
3235-0411.
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.) (``Paperwork Reduction Act''), 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 (``OMB'') for extension and
approval.
Rule 489 (17 CFR 230.489) under the Securities Act of 1933 (15
U.S.C. 77a et seq.) requires foreign banks and foreign insurance
companies and holding companies and finance subsidiaries of foreign
banks and foreign insurance companies that are exempted from the
definition of ``investment company'' by virtue of rules 3a-1 (17 CFR
270.3a-1), 3a-5 (17 CFR 270.3a-5), and 3a-6 (17 CFR 270.3a-6) under the
Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) to file Form
F-N (17 CFR 239.43) to appoint an agent for service of process when
making a public offering of securities in the United States. The
information is collected so that the Commission and private plaintiffs
may serve process on foreign entities in actions and administrative
proceedings arising out of or based on the offer or sales of securities
in the United States by such foreign entities.
During calendar year 2013, the Commission received a total of 16
responses on Form F-N from 14 entities. The Commission has previously
estimated that the total annual burden associated with information
collection and Form F-N preparation and submission is one hour per
filing. Based on the Commission's experience with disclosure documents
generally, the Commission continues to believe that this estimate is
appropriate. Thus the estimated total annual burden for rule 489 and
Form F-N is 16 hours.\1\
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\1\ 16 responses x 1 hour per response = 16 hours per year.
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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 representative survey or study of the costs of Commission rules
and forms. Compliance with the collection of information requirements
of rule 489 and Form F-N is mandatory to obtain the benefit of the
exemption. 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 OMB control number.
Written comments are invited on: (a) Whether the collection of
information is necessary for the proper performance of the functions of
the Commission, including whether the information has practical
utility; (b) the accuracy of the Commission'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: September 22, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-22915 Filed 9-25-14; 8:45 am]
BILLING CODE 8011-01-P