59234 Federal Register / Vol. 65, No. 193 / Wednesday, October 4, 2000 / Notices

Office of Personnel Management.

Janice R. Lachance,

Director.

[FR Doc. 00–25443 Filed 10–3–00; 8:45 am]

BILLING CODE 6325–01–M

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,

D.C. 20549.

Extension:

Rule 17Ad–10; SEC File No. 270–265;

OMB Control No. 3235–0273.

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 extension

and approval.

• Rule 17Ad–10 Prompt Posting of

Certificate Detail to Master

Securityholder Files; Maintenance of

Accurate Securityholder Files and

Control Book; and Retention of

Certificate Detail

Rule 17Ad–10, 17 CFR 240.17Ad–10,

under the Securities Exchange Act of

1934, requires approximately 1,093

registered transfer agents to create and

maintain minimum information on

securityholders’ ownership of an issue

of securities for which it performs

transfer agent functions, including the

purchase, transfer and redemptions of

securities. In addition, the rule also

requires transfer agents that maintain

securityhodler records to keep

certificate detail that has been cancelled

from those records for a minimum of six

years and to maintain and keep current

an accurate record of the number of

shares or principle dollar amount of

debt securities that the issuer has

authorized to be outstanding (a ‘‘control

book’’). These recordkeeping

requirements assist in the creation and

maintenance of accurate securityholder

records, the ability to research errors,

and ensure the transfer agent is aware of

the number of securities that are

properly authorized by the issuer,

thereby avoiding over issuance.

The staff estimates that the average

number of hours necessary for each

transfer agent to comply with Rule 17

Ad–10 is approximately 20 hours per

year, totaling 21,860 hours

industrywide. The average cost per hour

is approximately $20 per hour, with the

industry-wide cost estimated at

approximately $437,200. However,

information required by Rule 17Ad–10

generally already is maintained by

registered transfer agents. The amount

of time devoted to compliance with

Rule 17Ad–10 varies according to

differences in business activity.

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 Michael E. Bartell, Associate

Executive Director, Office of

Information Technology, Securities and

Exchange Commission, 450 5th Street,

N.W. Washington, DC 20549.

Dated: September 26, 2000.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–25422 Filed 10–3–00; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

Submission for OMB Review;

Comment Request

Upon Written Request, Copies

Available From: Securities and

Exchange Commission, Office of Filings

and Information Services, Washington,

DC 20549.

Extensions: Rule 6c–7 SEC File No.

270–269; OMB Control No. 3235–0276;

Rule 11a–2; SEC File No. 270–267; OMB

Control No. 3235–0272.

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

requests for approval of extension of the

previously approved collection of

information discussed below.

Rule 6c–7 [17 CFR 270.6c–7] under

the Investment Company Act of 1940

(15 U.S.C. 80a–1 et seq.) (‘‘1940 Act’’)

provides exemption from certain

provisions of Sections 22(e) and 27 of

the 1940 Act for registered separate

accounts offering variable annuity

contracts to certain employees of Texas

institutions of higher education

participating in the Texas Optional

Retirement Program. There are

approximately 82 registrants governed

by Rule 6c–7. The burden of compliance

with Rule 6c–7, regarding obtaining

from a purchaser, prior to or at the time

of purchase, a signed document

acknowledging the restrictions on

redeemability imposed by Texas law, is

estimated to be approximately 3

minutes per response for each of 2,649

purchasers annually, for a total annual

burden of 132.45 hours.

Rule 6c–7 requires that the separate

account’s Registration Statement under

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

et seq.) (‘‘1933 Act’’) include a

representation that Rule 6c–7 is being

relied upon and is being complied with.

This requirement enhances the

Commission’s ability to monitor

utilization of and compliance with the

rule. There are no recordkeeping

requirements with respect to Rule 6c–7.

Rule 11a–2 [17 CFR 270.11a–2]

permits certain registered insurance

company separate accounts, subject to

certain conditions, to make exchange

offers without prior approval by the

Commission of the terms of those offers.

There are approximately 649 registrants

governed by Rule 11a–2, with an

estimated compliance time of 15

minutes per registrant, for a total annual

burden of 162.25 hours.

Rule 11a–2 requires disclosure, in

certain registration statements filed

pursuant to the 1933 Act, of any

administrative fee or sales load imposed

in connection with an exchange offer.

The information resulting from the

disclosure is used by the Commission to

monitor the terms and conditions of

such exchange offers. There are no

recordkeeping requirements with

respect to this rule.

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 or forms.

With regard to Rule 6c–7, the

Commission does not include in the

estimate of average burden hours the

time preparing registration statement

and sales literature disclosure regarding

the restrictions on redeemability

imposed by Texas law. The estimate of

burden hours for completing the