Federal Register / Vol. 76, No. 42 / Thursday, March 3, 2011 / Notices 11827 

1The rule sets forth minimum reserve amounts 

and guidelines for the management and 

disbursement of the assets in the account. Rule 

27d–1(j) directs depositors and principal 

underwriters annually to make an accounting of 

their segregated trust accounts on Form N–27D–1, 

which is filed with the Commission. The form 

requires depositors and principal underwriters to 

report deposits to a segregated trust account, 

including those made pursuant to paragraphs (c) 

and (e) of the rule. Withdrawals pursuant to 

paragraph (f) of the rule also must be reported. In 

addition, the form solicits information regarding the 

minimum amount required to be maintained under 

paragraphs (d) and (e) of rule 27d–1. 

on this exemption to the term ‘‘financial 

interest’’ as defined in rule 17a–6. 

The estimate of burden hours is made 

solely for the purposes of the Paperwork 

Reduction Act. The estimate is not 

derived from a comprehensive or even 

a representative survey or study of the 

costs of Commission rules. Complying 

with this collection of information 

requirement is necessary to obtain the 

benefit of relying on rule 17a–6. 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. 

The public may view the background 

documentation for this information 

collection at the following Web site, 

http://www.reginfo.gov. Comments 

should be directed to: (i) Desk Officer 

for the Securities and Exchange 

Commission, Office of Information and 

Regulatory Affairs, Office of 

Management and Budget, Room 10102, 

New Executive Office Building, 

Washington, DC 20503, or by sending an 

e-mail to: 

Shagufta_Ahmed@omb.eop.gov; and (ii) 

Thomas Bayer, Chief Information 

Officer, Securities and Exchange 

Commission, c/o Remi Pavlik-Simon, 

6432 General Green Way, Alexandria, 

VA 22312 or send an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted to OMB within 30 days of 

this notice. 

Dated: February 25, 2011. 

Cathy H. Ahn, 

Deputy Secretary. 

[FR Doc. 2011–4724 Filed 3–2–11; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 27d–2, SEC File No. 270–500, 

OMB Control No. 3235–0566. 

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’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for approval of the 

collections of information under the 

Investment Company Act of 1940 

(‘‘Act’’) summarized below. 

Rule 27d–2 (17 CFR 270.27d–2) is 

entitled ‘‘Insurance Company 

Undertaking in Lieu of Segregated Trust 

Account.’’ Rule 27d–1 (17 CFR 270.27d– 

1) under the Act requires the depositor 

or principal underwriter for an issuer of 

periodic payment plans to deposit funds 

into a segregated trust account to 

provide assurance of its ability to fulfill 

its refund obligations under sections 

27(d) and 27(f) of the Act.1 Rule 27d– 

2 provides an exemption from rule 27d– 

1 under the Act for depositors or 

principal underwriters for the issuers of 

periodic payment plans. In order to 

comply with the rule: (i) The depositor 

or principal underwriter must secure 

from an insurance company a written 

guarantee of the refund requirements; 

(ii) the insurance company must satisfy 

certain financial criteria; and (iii) the 

depositor or principal underwriter must 

file as an exhibit to the issuer’s 

registration statement, a copy of the 

written undertaking, an annual 

statement that the insurance company 

has met the requisite financial criteria 

on a monthly basis, and an annual 

audited balance sheet. 

Rule 27d–2, which was explicitly 

authorized by statute, provides 

assurance that depositors and principal 

underwriters of issuers have access to 

sufficient cash to meet the demands of 

certificate holders who reconsider their 

decisions to invest in a periodic 

payment plan. The information 

collection requirement in rule 27d–2 

enables the Commission to monitor 

compliance with insurance company 

undertaking requirements. 

Effective October 27, 2006, the 

Military Personnel Financial Services 

Protection Act banned the issuance or 

sale of new periodic payment plans. 

Accordingly, the staff estimates that 

there is no longer any information 

collection burden associated with rule 

27d–2. For administrative purposes, 

however, we are requesting approval for 

an information collection burden of one 

hour per year. This estimate of burden 

hours is not derived from a 

comprehensive or even a representative 

survey or study of the costs of 

Commission rules and forms. 

Complying with the collection of 

information requirements of rule 27d–2 

is mandatory for depositors or principal 

underwriters of issuers of periodic 

payment plans who rely on the rule for 

an exemption from complying with rule 

27d–1 and filing Form N–27D–1. The 

information provided pursuant to rule 

27d–2 is public and, therefore, 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. 

The public may view the background 

documentation for this information 

collection at the following Web site, 

http://www.reginfo.gov. Comments 

should be directed to: (i) Desk Officer 

for the Securities and Exchange 

Commission, Office of Information and 

Regulatory Affairs, Office of 

Management and Budget, Room 10102, 

New Executive Office Building, 

Washington, DC 20503, or by sending an 

e-mail to: 

Shagufta_Ahmed@omb.eop.gov; and (ii) 

Thomas Bayer, Chief Information 

Officer, Securities and Exchange 

Commission, c/o Remi Pavlik-Simon, 

6432 General Green Way, Alexandria, 

VA 22312 or send an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted to OMB within 30 days of 

this notice. 

Dated: February 25, 2011. 

Cathy H. Ahn, 

Deputy Secretary. 

[FR Doc. 2011–4727 Filed 3–2–11; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 17a–10, SEC File No. 270–507, 

OMB Control No. 3235–0563. 

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’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for extension of the 

previously approved collection of 

information discussed below. 

Section 17(a) of the Investment 

Company Act of 1940 (the ‘‘Act’’), 

generally prohibits affiliated persons of 

a registered investment company 


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