Federal Register / Vol. 70, No. 176 / Tuesday, September 13, 2005 / Notices 54095 

1 17 CFR 275.203A–2(f). Included in rule 203A–

2(f) is a limited exception to the interactive website 

requirement which allows these advisers to provide 

investment advice to no more than 14 clients 

through other means on an annual basis. 17 CFR 

275.203A–2(f)(1)(i). The rule also precludes 

advisers in a control relationship with the SECregistered Internet adviser from registering with the 

Commission under the common control exemption 

provided by rule 203A–2(c) [17 CFR 275.203A–

2(c)]. 17 CFR 275.203A–2(f)(1)(iii). 

2 15 U.S.C. 80b–3a(a). 

3The five-year record retention period is the same 

recordkeeping retention period for all advisers 

imposed under rule 204–2 of the Adviser Act. See 

rule 204–2 [17 CFR 275.204–2]. 

4 15 U.S.C. 80b–10(b). 

The annual estimated burden is 10,000 

hours. 

For copies of this proposal, contact 

Mary Beth Smith-Toomey on (202) 606–

8358, FAX (202) 418–3251 or via e-mail 

to mbtoomey@opm.gov. Please include a 

mailing address with your request. 

DATES: Comments on this proposal 

should be received within 30 calendar 

days from the date of this publication. 

ADDRESSES: Send or deliver comments 

to—

Pamela S. Israel, Chief, Operations 

Support Group, Retirement Services 

Program, Center for Retirement and 

Insurance Services, U.S. Office of 

Personnel Management, 1900 E Street, 

NW., Room 3349, Washington, DC 

20415; and 

Brenda Aguilar, OPM Desk Officer, 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, New Executive Office 

Building, NW., Room 10235, 

Washington, DC 20503. 

For Information Regarding 

Administrative Coordination Contact: 

Cyrus S. Benson, Team Leader, 

Publications Team, Support Group, 

(202) 606–0623. U.S. Office of Personnel 

Management. 

Linda M. Springer, 

Director. 

[FR Doc. 05–18142 Filed 9–12–05; 8:45 am] 

BILLING CODE 6325–38–P 

OFFICE OF PERSONNEL 

MANAGEMENT 

Federal Salary Council Meeting 

AGENCY: Office of Personnel 

Management. 

ACTION: Notice of meeting. 

SUMMARY: The Federal Salary Council 

will meet at the time and location 

shown below. The Council is an 

advisory body composed of 

representatives of Federal employee 

organizations and experts in the fields 

of labor relations and pay policy. The 

Council makes recommendations to the 

President’s Pay Agent (the Secretary of 

Labor and the Directors of the Office of 

Management and Budget and the Office 

of Personnel Management) about the 

locality pay program for General 

Schedule employees under section 5304 

of title 5, United States Code. The 

Council’s recommendations cover the 

establishment of modification of locality 

pay areas, the coverage of salary 

surveys, the process of comparing 

Federal and non-Federal rates of pay, 

and the level of comparability payments 

that should be paid. 

The Council will review the results of 

pay comparisons and formulate its 

recommendations to the President’s Pay 

Agent on pay comparison methods, 

locality pay area boundaries for 2007. 

The Council anticipates it will complete 

its work for this year at this meeting and 

has not scheduled any additional 

meetings for 2005. The public may 

submit written materials about the 

locality pay program to the Council at 

the address shown below. The meeting 

is open to the public. 

DATES: October 3, 2005, at 10 a.m. 

LOCATION: Office of Personnel 

Management, 1900 E Street, NW., Room 

5303 (Pendleton Room), Washington, 

DC. 

FOR FURTHER INFORMATION CONTACT: 

Donald J. Winstead, Deputy Associate 

Director for Pay and Performance 

Policy, Office of Personnel Management, 

1900 E Street, NW., Room 7H31, 

Washington, DC 20415–8200. Phone 

(202) 606–2838; FAX (202) 606–4264; or 

e-mail at pay-performancepolicy@opm.gov. 

For The President’s Pay Agent. 

Linda M. Springer, 

Director. 

[FR Doc. 05–18133 Filed 9–12–05; 8:45 am] 

BILLING CODE 6325–39–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. 

Revision and Extension: Rule 203A–2; SEC 

File No. 270–501; OMB Control No. 

3235–0559 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.) (‘‘PRA’’) the 

Securities and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

requests for extension of the previously 

approved collection of information 

discussed below. 

Rule 203A–2(f), which is entitled 

‘‘Internet Investment Advisers,’’

exempts from the prohibition on 

Commission registration an Internet 

investment adviser who provides 

investment advice to all of its clients 

exclusively through computer softwarebased models or applications termed 

under the rule as ‘‘interactive 

websites.’’ 1 These advisers generally 

would not meet the statutory thresholds 

set out in section 203A of the Advisers 

Act—they do not manage $25 million or 

more in assets and do not advise 

registered investment companies.2

Eligibility under rule 203A–2(f) is 

conditioned on an adviser maintaining 

in an easily accessible place, for a 

period of not less than five years from 

the filing of Form ADV relying on the 

rule,3 a record demonstrating that the 

adviser’s advisory business has been 

conducted through an interactive 

website in accordance with the rule. 

This record maintenance requirement 

is a ‘‘collection of information’’ for PRA 

purposes. The Commission believes that 

approximately 25 advisers are registered 

with the Commission under rule 203A–

2(f), which involves a recordkeeping 

requirement manifesting in 

approximately four burden hours per 

year per adviser and results in an 

estimated 100 of total burden hours 

(4×25) for all advisers. 

This collection of information is 

mandatory, as it is used by Commission 

staff in its examination and oversight 

program in order to determine 

continued Commission registration 

eligibility of advisers registered under 

this rule. Responses generally are kept 

confidential pursuant to section 210(b) 

of the Advisers Act.4 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. 

General comments regarding the 

above information should be directed to 

the following persons: (i) Desk Officer 

for the Securities and Exchange 

Commission, Office of Information and 

Regulatory Affairs, Office of 

Management and Budget, Room 10102, 

New Executive Office Building, 

Washington, DC 20503 or e-mail to: 

David_Rostker@omb.eop.gov; and (ii) R. 

Corey Booth, Director/Chief Information 

Officer, Office of Information 

Technology, Securities and Exchange 

Commission, 100 F Street, NE., 

Washington, DC 20549. Comments must