Federal Register / Vol. 75, No. 248 / Tuesday, December 28, 2010 / Notices 81679 

1 15 U.S.C. 80a–1 et seq. 

2 Instead of relying on rule 27d–1 and filing Form 

N–27D–1, depositors or principal underwriters for 

the issuers of periodic payment plans may rely on 

the exemption afforded by rule 27d–2. In order to 

comply with rule 27d–2: (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. 

to review and discuss the National 

Aeronautics RDT&E Infrastructure Plan. 

Executive Order (E.O.) 13419—National 

Aeronautics Research and 

Development—signed December 20, 

2006, calls for the development of this 

plan. The plan is guided by both the 

National Aeronautics Research and 

Development (R&D) Policy and the 

National Aeronautics Research and 

Development Plan that were developed 

by the NSTC in consonance with E.O. 

13419. 

Dates and Addresses: The meeting 

will be held in conjunction with the 

49th AIAA Aerospace Sciences Meeting 

at the Orlando World Center Marriott, 

8701 World Center Drive, Orlando, 

Florida 32821 on Friday, January 7, 

2011, from 1 p.m. to 2:30 p.m. in Crystal 

Ballroom A. Information regarding the 

49th AIAA Aerospace Sciences Meeting 

is available at the: http://www.aiaa.org 

Web site. Note: Persons solely attending 

this ASTS public meeting do not need 

to register for the AIAA Conference and 

Exhibit to attend this public meeting. 

There will be no admission charge for 

persons solely attending the public 

meeting. Seating is limited and will be 

on a first come, first served basis. 

FOR FURTHER INFORMATION CONTACT: 

Additional information and links to E.O. 

13419, the National Aeronautics R&D 

Policy, the National Aeronautics R&D 

Plan are available by visiting the Office 

of Science and Technology Policy’s 

NSTC Web site at: http:// 

www.whitehouse.gov/administration/ 

eop/ostp/nstc/aero or by calling 202– 

456–6012. 

SUPPLEMENTARY INFORMATION: E.O. 

13419 and the National Aeronautics 

R&D Policy call for executive 

departments and agencies conducting 

aeronautics R&D to engage industry, 

academia and other non-Federal 

stakeholders in support of government 

planning and performance of 

aeronautics R&D. At this meeting, ASTS 

members will review the content of the 

National Aeronautics RDT&E 

Infrastructure Plan and receive input to 

help inform the future development of 

national aeronautics R&D planning 

documents. 

Ted Wackler, 

Deputy Chief of Staff, OSTP. 

[FR Doc. 2010–32633 Filed 12–27–10; 8:45 am] 

BILLING CODE 3170–W1–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; 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–1 and Form N–27D–1; 

SEC File No. 270–499; OMB Control No. 

3235–0560. 

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 under 

the Investment Company Act of 1940 

(‘‘Act’’) 1 summarized below. The 

Commission plans to submit these 

existing collections of information to the 

Office of Management and Budget for 

extension and approval. 

Rule 27d–1 (17 CFR 270.27d–1) is 

entitled ‘‘Reserve Requirements for 

Principal Underwriters and Depositors 

to Carry Out the Obligations to Refund 

Charges Required by Section 27(d) and 

Section 27(f) of the Act.’’ Form N–27D– 

1 (17 CFR 274.127d–1) is entitled 

‘‘Accounting of Segregated Trust 

Account.’’ Rule 27d–1 requires the 

depositor or principal underwriter for 

an issuer of a periodic payment plan 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. The rule sets forth minimum 

reserve amounts and guidelines for the 

management and disbursement of the 

assets in the account. A single account 

may be used for the periodic payment 

plans of multiple investment 

companies. Rule 27d–1(j) directs 

depositors and principal underwriters to 

make an accounting of their segregated 

trust accounts on Form N–27D–1, which 

is intended to facilitate the 

Commission’s oversight of compliance 

with the reserve requirements set forth 

in rule 27d–1. 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. 

Depositors and principal underwriters 

must file the form once a year on or 

before January 31 of the year following 

the year for which information is 

presented.2

Rule 27d–1, 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 requirements in rule 27d–1 

enable the Commission to monitor 

compliance with reserve rules. 

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–1 or Form N–27D–1. 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 necessarily even a 

representative study of the cost of the 

Commission’s rules and forms. 

Complying with the collection of 

information requirements of rule 27d–1 

is mandatory for depositors or principal 

underwriters of issuers of periodic 

payment plans unless they comply with 

the requirements in rule 27d–2 (17 CFR 

270.27d–2). The information provided 

pursuant to rule 27d–1 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. 

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 


emcdonald on DSK2BSOYB1PROD with NOTICES
81680 Federal Register / Vol. 75, No. 248 / Tuesday, December 28, 2010 / Notices 

1 15 U.S.C. 80a–17(a). 

2 15 U.S.C. 80a–2(a)(3)(E). 

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, 

6432 General Green Way, Alexandria, 

VA 22312; or send an e-mail to: 

PRA_Mailbox@sec.gov. 

December 20, 2010. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–32517 Filed 12–27–10; 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: Regulation S–AM; SEC File No. 

270–548; OMB Control No. 3235–0609. 

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 a 

request for approval of extension of the 

previously approved collection of 

information provided for in Regulation 

S–AM (17 CFR part 248, subpart B), 

under the Fair and Accurate Credit 

Transactions Act of 2003 (Pub. L. 108– 

159, Section 214, 117 Stat. 1952 (2003)) 

(‘‘FACT Act’’), the Securities Exchange 

Act of 1934 (15 U.S.C. 78a et seq.), the 

Investment Company Act of 1940 (15 

U.S.C. 80a–1 et seq.), and the 

Investment Advisers Act of 1940 (15 

U.S.C. 80b–1 et seq.). 

Regulation S–AM implements the 

requirements of Section 214 of the 

FACT Act as applied to brokers, dealers, 

and investment companies, as well as 

investment advisers and transfer agents 

that are registered with the Commission 

(collectively, ‘‘Covered Persons’’). As 

directed by Section 214 of the FACT 

Act, before a receiving affiliate may 

make marketing solicitations based on 

the communication of certain consumer 

financial information from a Covered 

Person, the Covered Person must 

provide a notice to each affected 

individual informing the individual of 

his or her right to prohibit such 

marketing. The regulation potentially 

applies to all of the approximately 

21,496 Covered Persons registered with 

the Commission, although only 

approximately 12,038 of them have one 

or more corporate affiliates, and the 

regulation would require only 

approximately 2,150 of them to provide 

consumers with notice and an opt-out 

opportunity. 

The Commission staff estimates that 

there are approximately 12,038 Covered 

Persons having one or more affiliates, 

and that they would require an average 

one-time burden of 1 hour to review 

affiliate marketing practices, for a total 

of 12,038 hours, at a total staff cost of 

approximately $2,527,929. The staff also 

estimates that approximately 2,150 

Covered Persons would be required to 

provide notice and opt-out 

opportunities to consumers, and would 

incur an average first-year burden of 18 

hours in doing so, for a total estimated 

first-year burden of 38,700 hours, at a 

total staff cost of approximately 

$10,294,200. With regard to continuing 

notice burdens, the staff estimates that 

each of the approximately 2,150 

Covered Persons required to provide 

notice and opt-out opportunities to 

consumers would incur a burden of 

approximately 4 hours per year to create 

and deliver notices to new consumers 

and record any opt outs that are 

received on an ongoing basis, for a total 

of 8,600 hours, at a total staff cost of 

approximately $490,200 per year. 

Written comments are invited on: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

(b) the accuracy of the Commission’s 

estimates of the burden of the proposed 

collection of information; (c) ways to 

enhance the quality, utility, and clarity 

of the information on respondents; 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. 

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: December 21, 2010. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–32522 Filed 12–27–10; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; 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 (the 

‘‘Commission’’) is soliciting comments 

on the collections of information 

summarized below. The Commission 

plans to submit these existing 

collections of information to the Office 

of Management and Budget (‘‘OMB’’) for 

extension and approval. 

Section 17(a) of the Investment 

Company Act of 1940 (the ‘‘Act’’), 

generally prohibits affiliated persons of 

a registered investment company 

(‘‘fund’’) from borrowing money or other 

property from, or selling or buying 

securities or other property to or from, 

the fund or any company that the fund 

controls.1 Section 2(a)(3) of the Act 

defines ‘‘affiliated person’’ of a fund to 

include its investment advisers.2 Rule 

17a–10 (17 CFR 270.17a–10) permits (i) 

a subadviser of a fund to enter into 

transactions with funds the subadviser 

does not advise but that are affiliated 

persons of a fund that it does advise 

(e.g., other funds in the fund complex), 

and (ii) a subadviser (and its affiliated 

persons) to enter into transactions and 

arrangements with funds the subadviser 

does advise, but only with respect to 

discrete portions of the subadvised fund 


emcdonald on DSK2BSOYB1PROD with NOTICES