[Federal Register Volume 65, Number 216 (Tuesday, November 7, 2000)]
[Notices]
[Page 66786]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-28505]


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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:
    Rule 29; SEC File No. 270-169; OMB Control No. 3235-0149.
    Rule 83; SEC File No. 270-82; OMB Control No. 3235-0181.

    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 29, Filing of Reports to State Commissions, concerns reports 
to state commissions by registered holding companies and their 
subsidiaries. The rule requires that a copy of each annual report 
submitted by any registered holding company or any of its subsidiaries 
to a state commission covering operations not reported to the Federal 
Energy Regulatory Commission be filed with the Securities and Exchange 
Commission no later than ten days after such submission.
    The information collected under Rule 29 permits the Commission to 
remain current on developments that are reported to state commissions, 
but that might not be reported to the Commission otherwise. This 
information is beneficial to the liaison the Commission maintains with 
state governments and also is useful in the preparation of annual 
reports to the U.S. Congress under Section 23 of the Public Utility 
Holding Company Act of 1935.
    The title of Rule 83 is Exemption In the Case of Transactions With 
Foreign Associates. It authorizes exemption from the cost standard of 
section 13(b) of the Public Utility Holding Company Act of 1935 for 
services provided to associated foreign utility companies.
    Rule 83 requires a registered holding company system that wishes to 
avail itself of this exemption from Section 13(b) to submit an 
application, in the form of a declaration, to the Commission. The 
Commission will grant the application if, by reason of the lack of any 
major interest of holders of securities offered in the United States in 
servicing arrangements affecting such serviced subsidiaries, such an 
application for exemption is necessary or appropriate in the public 
interest or for the protection of investors.
    Rules 29 and 83 do not create a recordkeeping or retention burden 
on respondents. These rules do, however, contain reporting and filing 
requirements. Rule 29 imposes a reporting burden of about .25 hours for 
each of sixty-two respondents, each of which makes one submission 
annually. The total annual burden is fifteen and one-half hours. Rule 
29 imposes no cost burdens.
    Since the Commission has received no applications under Rule 83 
recently, it is estimated the burden of Rule 83 as zero.
    These estimates of average burden hours are made solely for the 
purposes of the Paperwork Reduction Act and are not derived from a 
comprehensive or even a representative survey or study of the costs of 
SEC rules and forms.
    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 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 Directory, Office of Information Technology, 
Securities and Exchange Commission, 450 Fifth Street, NW., Washington, 
DC 20549.

    Dated: October 30, 2000.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 00-28505 Filed 11-6-00; 8:45 am]
BILLING CODE 8010-01-M