Federal Register / Vol. 72, No. 66 / Friday, April 6, 2007 / Notices 17205 

ten (10) days for an individual to initiate an 

action challenging the results of an FBI 

criminal history records check after the 

record is made available for his/her review. 

The licensee may make a final SGI access 

determination based upon the criminal 

history record only upon receipt of the FBI’s 

ultimate confirmation or correction of the 

record. Upon a final adverse determination 

on access to SGI, the licensee shall provide 

the individual its documented basis for 

denial. Access to SGI shall not be granted to 

an individual during the review process. 

Protection of Information 

1. Each licensee who obtains a criminal 

history record on an individual pursuant to 

this Order shall establish and maintain a 

system of files and procedures for protecting 

the record and the personal information from 

unauthorized disclosure. 

2. The licensee may not disclose the record 

or personal information collected and 

maintained to persons other than the subject 

individual, his/her representative, or to those 

who have a need to access the information 

in performing assigned duties in the process 

of determining access to SGI. No individual 

authorized to have access to the information 

may re-disseminate the information to any 

other individual who does not have a needto-know. 

3. The personal information obtained on an 

individual from a criminal history record 

check may be transferred to another licensee 

if the licensee holding the criminal history 

record check receives the individual’s 

written request to re-disseminate the 

information contained in his/her file, and the 

current licensee verifies information such as 

the individual’s name, date of birth, social 

security number, sex, and other applicable 

physical characteristics for identification 

purposes. 

4. The licensee shall make criminal history 

records, obtained under this section, 

available for examination by an authorized 

representative of the NRC to determine 

compliance with the regulations and laws. 

5. The licensee shall retain all fingerprint 

and criminal history records received from 

the FBI, or a copy if the individual’s file has 

been transferred, for three (3) years after 

termination of employment or determination 

of access to SGI (whether access was 

approved or denied). After the required three 

(3) year period, these documents shall be 

destroyed by a method that will prevent 

reconstruction of the information in whole or 

in part. 

Attachment 2—Trustworthiness and 

Reliability Requirements for Individuals 

Handling Safeguards Information 

In order to ensure the safe handling, use, 

and control of information designated as 

Safeguards Information, each licensee shall 

control and limit access to the information to 

only those individuals who have established 

the need-to-know the information, and are 

considered to be trustworthy and reliable. 

Licensees shall document the basis for 

concluding that there is reasonable assurance 

that individuals granted access to Safeguards 

Information are trustworthy and reliable, and 

do not constitute an unreasonable risk for 

malevolent use of the information. 

The Licensee shall comply with the 

requirements of this attachment: 

1. The trustworthiness and reliability of an 

individual shall be determined based on a 

background investigation: 

(a) The background investigation shall 

address at least the past three (3) years, and, 

at a minimum, include verification of 

employment, education, and personal 

references. The licensee shall also, to the 

extent possible, obtain independent 

information to corroborate that provided by 

the employee (i.e., seeking references not 

supplied by the individual). 

(b) If an individual’s employment has been 

less than the required three (3) year period, 

educational references may be used in lieu of 

employment history. 

The licensee’s background investigation 

requirements may be satisfied for an 

individual that has an active Federal security 

clearance. 

2. The licensee shall retain documentation 

regarding the trustworthiness and reliability 

of individual employees for three years after 

the individual’s employment ends. 

[FR Doc. 07–1697 Filed 4–5–07; 8:45 am] 

BILLING CODE 7590–01–P 

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–CSR; SEC File No. 270–

512; OMB Control No. 3235–0570. 

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 collection of information 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

The title for the collection of 

information is ‘‘Form N–CSR (17 CFR 

249.331 and 17 CFR 274.128) under the 

Securities Exchange Act of 1934 (15 

U.S.C. 78a et seq.) (‘‘Securities Exchange 

Act’’), and under the Investment 

Company Act of 1940 (15 U.S.C. 80a–1 

et seq.) (‘‘Investment Company Act’’), 

Certified Shareholder Report of 

Registered Management Investment 

Companies.’’ Form N–CSR is a 

combined reporting form used by 

management investment companies to 

file certified shareholder reports under 

the Investment Company Act and under 

the Securities Exchange Act. Form N–

CSR is to be used for reports under 

section 30(b)(2) of the Investment 

Company Act and section 13(a) or 15(d) 

of the Securities Exchange Act, filed 

pursuant to rule 30b2–1(a) under the 

Investment Company Act (17 CFR 

270.30b2–1(a)). Form N–CSR reports are 

to be filed with the Commission not 

later than 10 days after the transmission 

to stockholders of any report that is 

required to be transmitted to 

stockholders under rule 30e–1 under the 

Investment Company Act (17 CFR 

270.30e–1). The information provided 

on Form N–CSR may be used by the 

Commission in its regulatory, disclosure 

review, inspection, and policymaking 

roles. The information filed with the 

Commission also permits the 

verification of compliance with 

securities law requirements and assures 

the public availability and 

dissemination of the information. 

The Commission estimates that there 

are 7,300 reports filed on Form N–CSR 

annually and that the average number of 

portfolios referenced in each filing is 

2.5. The Commission further estimates 

that the hour burden for preparing and 

filing a report on Form N–CSR is 7.57 

hours per portfolio. Given that filings on 

Form N–CSR are filed semi-annually, 

filings on Form N–CSR require 15.14 

hours per portfolio each year. The total 

annual hour burden for Form N–CSR, 

therefore, is estimated to be 138,153 

hours. 

The information collection 

requirements imposed by Form N–CSR 

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, 


pwalker on PROD1PC71 with NOTICES
17206 Federal Register / Vol. 72, No. 66 / Friday, April 6, 2007 / Notices 

Alexandria, Virginia 22312 or send an email to: PRA_Mailbox@sec.gov. 

Dated: March 28, 2007. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–6491 Filed 4–5–07; 8:45 am] 

BILLING CODE 8010–01–P 

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 S–8; OMB Control No. 

3235–0066; SEC File No. 270–66. 

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 soliciting comments 

on the collection of information 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for approval. 

Form S–8 (17 CFR 239.16b) under the 

Securities Act of 1933 (15 U.S.C. 77a et 

seq.) is the primary registration 

statement used by qualified registrants 

to register securities issued in 

connection with employee benefit 

plans. We estimate that Form S–8 takes 

approximately 24 hours per response to 

prepare and is filed by 3,847 

respondents. We estimate that 50% of 

the 24 hours per response (12 hours per 

response) is prepared by the filer for a 

total annual reporting burden of 46,164 

hours (12 hours per response × 3,847 

responses). 

Written comments are invited on: (a) 

Whether this 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 imposed by 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, VA 22312; or send an email to: PRA_Mailbox@sec.gov. 

Dated: March 29, 2007. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–6492 Filed 4–5–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collections; Comment 

Request 

Upon written request, copies available 

from: Securities and Exchange 

Commission, Office of Filings and 

Information Services, Washington, DC 

20549. 

Extensions: 

Rule 155; OMB Control No. 3235–0549 ; 

SEC File No. 270–492. 

Rule 477; OMB Control No. 3235–0550; 

SEC File No. 270–493. 

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 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 for 

extension and approval. 

Rule 155 (17 CFR 230.155) under the 

Securities Act of 1933 (15 U.S.C. 77a et 

seq.) provides safe harbors for a 

registered offering following an 

abandoned private offering, or a private 

offering following an abandoned 

registered offering, without integrating 

the registered and private offerings in 

either case. Rule 155 requires any 

prospectus filed as a part of a 

registration statement after a private 

offering to include disclosure regarding 

abandonment of the private offering. 

Similarly, the rule requires an issuer to 

provide each offeree in a private offering 

following an abandoned registered 

offering with: (1) Information 

concerning withdrawal of the 

registration statement; (2) the fact that 

the private offering is unregistered; and 

(3) the legal implications of the 

offering’s unregistered status. The likely 

respondents will be companies. Rule 

155 takes approximately 4 hours per 

response to prepare and is filed by 600 

respondents. We estimate that 50% of 

the 4 hours per response (2 hours per 

response) is prepared by the filer for a 

total annual reporting burden of 1,200 

hours (2 hours per response × 600 

responses). 

Rule 477 (17 CFR 230.477) under the 

Securities Act of 1933 (15 U.S.C. 77a et 

seq.) sets forth procedures for 

withdrawing a registration statement or 

any amendment or exhibits thereto. The 

rule provides that if a registrant applies 

for withdrawal in anticipation of 

reliance on Rule 155’s registered-toprivate safe harbor, the registrant must 

state in the withdrawal application that 

the registrant plans to undertake a 

subsequent private offering in reliance 

on the rule. Without this statement, the 

Commission would not be able to 

monitor issuers’ reliance on, and 

compliance with, Rule 155(c). The 

likely respondents will be companies. 

We estimate that 300 issuers will file 

Rule 477 submissions annually at an 

estimated one-hour per response for a 

total annual burden of 300 hours. We 

estimate that 100% of the reporting 

burden is prepared by the issuer. 

Written comments are invited on: (a) 

Whether these proposed collections of 

information are 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 imposed by 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, VA 22312; or send an email to: PRA_Mailbox@sec.gov. 

Dated: March 29, 2007. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–6495 Filed 4–5–07; 8:45 am] 

BILLING CODE 8010–01–P 


pwalker on PROD1PC71 with NOTICES