17530 Federal Register / Vol. 77, No. 58 / Monday, March 26, 2012 / Notices 

and evaluating training and experience 

of proposed authorized users. The 

members are involved in preliminary 

discussions of major issues in 

determining the need for changes in 

NRC policy and regulation to ensure the 

continued safe use of byproduct 

material. Each member provides 

technical assistance in his/her specific 

area(s) of expertise, particularly with 

respect to emerging technologies. 

Members also provide guidance as to 

NRC’s role in relation to the 

responsibilities of other Federal 

agencies as well as of various 

professional organizations and boards. 

Members of this Committee have 

demonstrated professional 

qualifications and expertise in both 

scientific and non-scientific disciplines 

including nuclear medicine; nuclear 

cardiology; radiation therapy; medical 

physics; nuclear pharmacy; State 

medical regulation; patient’s rights and 

care; health care administration; and 

Food and Drug Administration 

regulation. 

FOR FURTHER INFORMATION CONTACT: 

Ashley Cockerham, Office of Federal 

and State Materials and Environmental 

Management Programs, U.S. Nuclear 

Regulatory Commission, Washington, 

DC 20555; Telephone (240) 888–7129; 

email Ashley.Cockerham@nrc.gov. 

Dated: March 19, 2012. 

Andrew L. Bates, 

Federal Advisory Committee Management 

Officer. 

[FR Doc. 2012–7184 Filed 3–23–12; 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 Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 23c–1, SEC File No. 270–253, OMB 

Control No. 3235–0260. 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501–3520), 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. 

Rule 23c–1 (17 CFR 270.23c–1) under 

the Investment Company Act of 1940 

(15 U.S.C. 80a), among other things, 

permits a closed-end fund to repurchase 

its securities for cash if in addition to 

the other requirements set forth in the 

rule: (i) Payment of the purchase price 

is accompanied or preceded by a written 

confirmation of the purchase; (ii) the 

asset coverage per unit of the security to 

be purchased is disclosed to the seller 

or his agent; and (iii) if the security is 

a stock, the fund has, within the 

preceding six months, informed 

stockholders of its intention to purchase 

stock. Commission staff estimates that 

approximately 29 closed-end funds rely 

on Rule 23c–1 annually to undertake 

261 repurchases of their securities. 

Commission staff estimates that, on 

average, a fund spends 2.5 hours to 

comply with the paperwork 

requirements listed above each time it 

undertakes a security repurchase under 

the rule. Commission staff thus 

estimates the total annual burden of the 

rule’s paperwork requirements is 653 

hours. 

In addition, the fund must file with 

the Commission a copy of any written 

solicitation to purchase securities given 

by or on behalf of the fund to 10 or more 

persons. The copy must be filed as an 

exhibit to Form N–CSR (17 CFR 249.331 

and 274.128). The burden associated 

with filing Form N–CSR is addressed in 

the submission related to that form. 

The estimate of average burden hours 

is made solely for the purposes of the 

Paperwork Reduction Act, and is not 

derived from a comprehensive or even 

a representative survey or study of the 

costs of Commission rules and forms. 

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 

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, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Remi PavlikSimon, 6432 General Green Way, 

Alexandria, VA 22312; or send an email 

to: PRA_Mailbox@sec.gov. 

Dated: March 20, 2012. 

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–7135 Filed 3–23–12; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–66624] 

Order Granting an Application of 

Edward Jones & Co. LLP Exemption 

From Exchange Act Section 11(d)(1) 

Pursuant to Exchange Act Section 

36(a) 

March 20, 2012. 

By letter dated December 5, 2011, 

counsel for Edward Jones & Co., L.P. 

(‘‘Edward Jones’’) requested that the 

Securities and Exchange Commission 

(‘‘Commission’’) issue to Edward Jones 

an exemption from Section 11(d)(1) of 

the Securities Exchange Act of 1934 

(‘‘Exchange Act’’) pursuant to Section 

36(a) of the Exchange Act. Specifically, 

the letter requested that the Commission 

exempt Edward Jones from the 

prohibitions of Section 11(d)(1) of the 

Exchange Act if Edward Jones extends 

to a customer margin on newlypurchased shares of mutual funds not 

managed or sponsored by Edward Jones 

or any affiliate of Edward Jones (‘‘nonproprietary mutual funds’’) in instances 

in which the customer makes a dollarfor-dollar substitution by selling an 

already-margined non-proprietary 

mutual fund and buying another nonproprietary mutual fund on margin 

without incurring any fees, 

commissions or other costs for the 

transactions and without Edward Jones 

otherwise charging the respective 

customers any fees, commissions or 

other costs to effect the transactions. 

We find that it is appropriate and in 

the public interest and consistent with 

the protection of investors to grant 

Edward Jones a conditional exemption 

from Section 11(d)(1) of the Exchange 

Act. 

Conclusion 

It is hereby ordered, pursuant to 

Section 36(a) of the Exchange Act, that 

Edward Jones, based on the 

representations and the facts presented 

in its letter and subject to the conditions 

contained in this order, is exempt from 

the new issue lending restriction of 

Section 11(d)(1) of the Exchange Act to 

the extent that Edward Jones extends to 

a customer margin on newly-purchased 

shares of non-proprietary mutual funds 

in instances in which the customer 

makes a dollar-for-dollar substitution by 

selling an already-margined nonVerDate Mar<15>2010 19:32 Mar 23, 2012 Jkt 226001 PO 00000 Frm 00129 Fmt 4703 Sfmt 4703 E:\FR\FM\26MRN1.SGM 26MRN1

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