[Federal Register: February 23, 2007 (Volume 72, Number 36)]
[Notices]
[Page 8207-8208]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr23fe07-94]
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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 N-3; SEC File No. 270-281; OMB Control No. 3235-
0316.
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 collections 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.
The title for the collection of information is ``Form N-3 (17 CFR
239.17a and 274.11b) under the Securities Act of 1933 and under the
Investment Company Act of 1940, Registration Statement of Separate
Accounts Organized as Management Investment Companies.'' Form N-3 is
the form used by insurance company separate accounts organized as
management investment companies that offer variable annuity contracts
to register as investment companies under the Investment Company Act of
1940 (15 U.S.C. 80a-1 et seq.) (``Investment Company Act'') and/or to
register their securities under the Securities Act of 1933 (15 U.S.C.
77a et seq.) (``Securities Act''). The primary purpose of the
registration process is to provide disclosure of financial and other
information to investors and potential investors for the purpose of
evaluating an investment in a security. Form N-3 also permits separate
accounts
[[Page 8208]]
organized as management investment companies that offer annuity
contracts to provide investors with a prospectus containing information
required in a registration statement prior to the sale or at the time
of confirmation of delivery of securities. The form also may be used by
the Commission in its regulatory review, inspection, and policy-making
roles.
The Commission estimates that there are 2 initial registration
statements and 30 post-effective amendments to initial registration
statements filed on Form N-3 annually and that the average number of
portfolios referenced in each initial filing and post-effective
amendment is 2. The Commission further estimates that the hour burden
for preparing and filing a post-effective amendment on Form N-3 is
154.7 hours per portfolio. The total annual hour burden for preparing
and filing post-effective amendments is 9,282 hours (30 post-effective
amendments x 2 portfolios x 154.7 hours per portfolio). The estimated
annual hour burden for preparing and filing initial registration
statements is 3,690.8 hours (2 initial registration statements x 2
portfolios x 922.7 hours per portfolio). The total annual hour burden
for Form N-3, therefore, is estimated to be 12,972.8 hours (9,282 hours
+ 3,690.8 hours).
The information collection requirements imposed by Form N-3 are
mandatory. 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 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 R. Corey Booth, Director/
Chief Information Officer, Securities and Exchange Commission, C/O
Shirley Martinson, 6432 General Green Way, Alexandria, Virginia 22312
or send an e-mail to: PRA_Mailbox@sec.gov.
February 14, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-3092 Filed 2-22-07; 8:45 am]
BILLING CODE 8010-01-P