[Federal Register Volume 61, Number 215 (Tuesday, November 5, 1996)]
[Notices]
[Page 56977]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28311]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

    Upon Written Request, Copies Available From Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549.
Extension
    Form 13F--SEC File No. 270-22--OMB Control No. 3235-0006.
    Rule 204-3--SEC File No. 270-42--OMB Control No. 3235-0047.
Reinstatement
    Rule 6a-3--SEC File No. 270-15--OMB Control No. 3235-0021.
    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 publishing the following summaries of 
collections for public comment.
    Form 13F is used by certain large investment managers to report 
quarterly with respect to certain securities over which they exercise 
investment discretion. Each report takes about 24.6 hours to fill out.
    It is estimated that approximately 1,804 institutional investment 
managers are subject to the rule. Each reporting manager files Form 13F 
quarterly. It is estimated that compliance with the Form 13F imposes a 
total annual burden per manager of approximately 98.4 hours. The total 
annual burden for all managers is estimated at 177,513.6 hours.
    Rule 203-4 requires an investment adviser to deliver or offer to 
deliver to clients a written disclosure containing specified 
information concerning the background and business practices of the 
adviser. Investors need this information to determine whether to retain 
or continue to employ the investment adviser.
    There are 22,500 investment advisers subject to this rule. It is 
estimated that the burden resulting from the rule is 551,250 total 
annual hours.
    Rule 6a-3 requires a registered or exempted exchange to file with 
the Commission (i) notification of any action that renders its 
application or annual amendment inaccurate, (ii) material it issues or 
makes available to members, and (iii) a monthly report concerning the 
activities on the exchange.
    There are 8 registered exchanges and 1 exempted exchange that must 
comply with Rule 6a-3. Each of these 9 respondents file supplemental 
information under Rule 6a-3 approximately 25 times each year, for a 
total of 225 annual responses. Each response requires no more than one-
half hour. Thus, the total compliance burden for registered and 
exempted exchanges per year is 112.5 hours.
    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.
    Direct your written comments to Michael E. Bartell, Associate 
Executive Director, Office of Information Technology, Securities and 
Exchange Commission, 450 5th Street, NW., Washington, DC 20549.

    Dated: October 25, 1996.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-28311 Filed 11-4-96; 8:45 am]
BILLING CODE 8010-01-M