[Federal Register Volume 63, Number 21 (Monday, February 2, 1998)]
[Notices]
[Pages 5407-5408]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-2460]


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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 U-6B-2, File No. 270-169, OMB Control No. 3235-1063.

    Notice is hereby given that, under the Paperwork Reduction Act of 
1995 (44 U.S.C. 3501, et seq.), the Securities and Exchange Commission 
(``Commission'') requests comments on the collections of information 
summarized below. The Commission plans to submit these collections of 
information to the Office of Management and Budget for extension and 
approval.
    The Public Utility Holding Company Act of 1935 [15 U.S.C. Section 
79a et seq.] requires the filing of an application and/or declaration 
on Form U-1 for prior Commission approval both for the issue and sale 
of a security and its acquisition by a company in a registered holding 
company system.\1\ Section 6(b) provides that the Commission shall 
exempt from the requirement of filing a declaration on Form U-1, by 
rules and regulations or orders and subject to such terms and 
conditions as it deems appropriate in the public interest or for the 
protection of investors or consumers, certain security issuances and 
sales.
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    \1\ See section 6(a) (requiring prior Commission approval under 
the standards of section 7 for the issue and sale of securities) and 
section 9(a)(1) (requiring prior Commission approval under the 
standards of section 10 for the acquisition of securities).
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    Section 6(b) also contains a reporting requirement. It directs the 
issuer of securities exempted under section 6(b) to file with the 
Commission within ten days of the issue or sale a certificate of 
notification and directs the Commission to prescribe the form of and 
information required in this certificate. Rule 20(d) prescribes Form U-
6B-2 as the form of certificate of notification to be filed pursuant to 
section 6(b). Form U-6B-2 is also prescribed by rule 52(b) (17 CFR 
250.52(b)) and rule 47(b) (17 CFR 250.47(b)) as the form of certificate 
of notification to be filed by a public-utility subsidiary company of a 
registered holding company to notify the Commission of exempt issuances 
and sales of securities under rules 52 (exemption for certain issuances 
and sales of securities approved by state commissions) and 47 
(exemption for certain issuances and sales of securities to the Rural 
Electrification Administration). The Commission receives about 52 Form 
U-6B-2s per year, which imposes an annual burden of about 52 hours.
    The estimates of average burden hours are made for the purposes of 
the Paperwork Reduction Act and are not derived from a comprehensive or 
even a representative survey or study of the costs of Commission rules 
and forms.

[[Page 5408]]

    It should be noted that ``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 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 Michael E. Bartell, 
Associate Executive Director, Securities and Exchange Commission, 450 
5th Street, NW., Washington, DC 20549.

    Dated: January 20, 1998.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-2460 Filed 1-30-98; 8:45 am]
BILLING CODE 8010-01-M