Federal Register / Vol. 63, No. 119 / Monday, June 22, 1998 / Notices 33975

1 15 U.S.C. 78s(b)(1).

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:

Part 257, SEC File No. 270–252, OMB

Control No. 3235–0306

Form U–1, SEC File No. 270–128, OMB

Control No. 3235–0125

Rule 58, Form U–9C–3, SEC File No. 270–

400, OMB Control No. 3235–0457

Rule 71, Form U–12(I)–A, & Form U–12(I)–

B SEC File No. 270–161, OMB Control

No. 3235–0173

Rules 93–94, Form U–13–60, SEC File No.

270–79, OMB Control No. 3235–0153

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.

The rules under 17 CFR Part 257

implement sections of the Public Utility

Holding Company Act of 1935 (‘‘Act’’)

that require registered holding

companies and their subsidiary service

companies to preserve records for

certain periods. The purpose of

requiring the holding company to retain

the records is to permit audit or

verification by the Commission, or by

state utility commissions, of

transactions between the holding

company or its otherwise unregulated

subsidiaries, the subsidiary service

companies, and the regulated utility

subsidiaries which the holding

company controls, or to establish

investors’ rights. The Commission

estimates that the total annual reporting

and recordkeeping burden is one hour

(18 recordkeepers × 1⁄18 hour = one

burden hour).

Form U–1, under rule 20(c) of the Act,

must be used by any person filing or

amending an application or declaration

under sections 6(b), 7, 9(c)(3), 10, 12(b),

(c), (d) or (f) of the Act. The form must

also be used for filings under any rule

under other sections of the Act, for

which a form is not prescribed. The

Commission estimates that the total

annual reporting and recordkeeping

burden is 27,225 hours (121

recordkeepers × 225 hours = 27,225

burden hours). This represents an

increase of 10,020 hours annually in the

paperwork burden from the prior

estimate, which was caused by an

increase in the number of respondents

for the period and the fact that the

filings have become generally more

complex.

Rule 58 under the Act, allows

registered holding companies and their

subsidiaries to acquire energy-related

and gas-related companies. Acquisitions

are made without prior Commission

approval under section 20 of the Act.

However, within 60 days after the end

of the first calendar quarter in which

any exempt acquisition is made, and

each calendar quarter thereafter, the

registered holding company is required

to file with the Commission a certificate

of notification on Form U–9C–3

containing the information prescribed

by that form. The Commission requests

this information because rule 58 of the

Act requires it. The Commission uses

this information to determine the

existence of detriment, regarding the

acquisition of certain energy-related

companies, to interests the Act is

designed to protect. The 61

recordkeepers together incur about 976

annual burden hours to comply with

these requirements (61 recordkeepers ×

16 hours = 976 burden hours.)

Rule 71 and Forms U–12(I)-A and U–

12(I)-B implement subsection 12(i) of

the Act, which makes it unlawful for an

employee to prevent, advocate or

oppose any matter affecting a registered

holding company before Congress, the

Commission or the FERC. The

Commission estimates that the total

annual reporting and recordkeeping

burden is 167 hours (250 respondents × 2⁄3 hour = 167 burden hours). The

purpose of collecting the information is

to determine the existence of detriment

to interests the Act is designed to

protect. The Commission uses the

information to enable it to enforce the

provisions of section 12(i) of the Act.

Rule 93 imposes recordkeeping and

record maintenance requirements on

mutual and subsidiary service

companies of registered holding

companies. Under the rule, the service

companies must keep their accounts

and records according to the Uniform

System of Accounts, as provided in 17

CFR 256. Further, the companies must

maintain those records in the manner

and for the periods provided in 17 CFR

257. Rule 94 requires service companies

to file annual financial reports on Form

U–13–60, as provided in 17 CFR

259.313. The purpose of requiring the

holding company to retain the records is

to permit audit or verification by the

Commission, or by state utility

commissions, of transactions between

the holding company or its otherwise

unregulated subsidiaries, the subsidiary

service companies and the regulated

utility subsidiaries which the holding

company controls or to establish

investors’ rights. The Commission

estimates that the total annual reporting

and recordkeeping burden is 580 hours

(40 respondents × 14.5 hours = 580

hours).

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,

NW Washington, DC 20549.

Dated: June 15, 1998.

Maragaret H. McFarland,

Deputy Secretary.

[FR Doc. 98–16436 Filed 6–19–98; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Docket No. 34–40094; File No. SR–NYSE–

97–36]

Self-Regulatory Organizations; New

York Stock Exchange, Inc.; Order

Approving Proposed Rule Change and

Notice of Filing and Order Granting

Accelerated Approval to Amendment

No. 2 Thereto To Revise Exchange

Policy for Entry of MOC/LOC Orders

and Publication of Imbalances

June 15, 1998.

I. Introduction

On December 29, 1997, the New York

Stock Exchange, Inc. (‘‘NYSE’’ or

‘‘Exchange’’) filed with the Securities

and Exchange Commission (‘‘SEC’’ or

‘‘Commission’’), pursuant to Section

19(b)(1) of the Securities Exchange Act

of 1934 (‘‘Act’’) 1 and Rule 19b–4