Federal Register / Vol. 75, No. 110 / Wednesday, June 9, 2010 / Notices 32823 

1Form N–8B–2 is the form used by UITs other 

than separate accounts that are currently issuing 

securities, including UITs that are issuers of 

periodic payment plan certificates and UITs of 

which a management investment company is the 

sponsor or depositor to register under the 

Investment Company Act pursuant to Section 8 

thereof. 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

Form 15F (17 CFR 249.324) is filed by 

a foreign private issuer when 

terminating its Exchange Act reporting 

obligations under Exchange Act Rule 

12h–6 (240.12h–6). Form 15F requires a 

filer to disclose information that helps 

investors understand the foreign private 

issuer’s decision to terminate its 

Exchange Act reporting obligations and 

assist Commission staff in determining 

whether the filer is eligible to terminate 

its Exchange Act reporting obligations 

pursuant to Rule 12h–6. Compared to 

Exchange Act Rules 12g–4 (240.12g–4) 

and 12h–3 (240.12h–3), Rule 12h–6 

makes it easier for a foreign private 

issuer to exit the Exchange Act 

registration and reporting regime when 

there is relatively little U.S. investor 

interest in its securities. Rule 12h–6 is 

intended to remove a disincentive for 

foreign private issuers to register 

initially their securities with the 

Commission by lessening their concern 

that the Exchange Act registration and 

reporting system is difficult to exit once 

an issuer joins it. We estimate that Form 

15F takes approximately 30 hours to 

prepare and is filed by approximately 

300 issuers. We estimate that 25% of the 

30 hours per response (7.5 hours per 

response) is prepared by the filer for a 

total annual reporting burden of 2,250 

hours (7.5 hours per response × 300 

responses). 

Written comments are invited on: (a) 

Whether this 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 imposed by 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 Charles Boucher/CIO, Securities and 

Exchange Commission, C/O Shirley 

Martinson, 6432 General Green Way, 

Alexandria, VA 22312; or send an 

e-mail to: PRA_Mailbox@sec.gov. 

Dated: June 2, 2010. 

Elizabeth M. Murphy, 

Secretary. 

[FR Doc. 2010–13831 Filed 6–8–10; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request, Copy Available 

From: Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Form S–6; SEC File No. 270–181; OMB 

Control No. 3235–0184. 

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’’) 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. 

The title for the collection of 

information is ‘‘Form S–6 (17 CFR 

239.16), for Registration under the 

Securities Act of 1933 of Securities of 

Unit Investment Trusts Registered on 

Form N–8B–2 (17 CFR 274.13).’’ Form 

S–6 is a form used for registration under 

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

et seq.) (‘‘Securities Act’’) of securities of 

any unit investment trust (‘‘UIT’’) 

registered under the Investment 

Company Act of 1940 (15 U.S.C. 80a–1 

et seq.) (‘‘Investment Company Act’’) on 

Form N–8B–2.1 Section 5 of the 

Securities Act (15 U.S.C. 77e) requires 

the filing of a registration statement 

prior to the offer of securities to the 

public and that the statement be 

effective before any securities are sold. 

Section 5(b) of the Securities Act 

requires that investors be provided with 

a prospectus containing the information 

required in a registration statement prior 

to the sale or at the time of confirmation 

or delivery of the securities. 

Section 10(a)(3) of the Securities Act 

(15 U.S.C. 77j(a)(3)) provides that when 

a prospectus is used more than nine 

months after the effective date of the 

registration statement, the information 

therein shall be as of a date not more 

than sixteen months prior to such use. 

As a result, most UITs update their 

registration statements under the 

Securities Act on an annual basis in 

order that their sponsors may continue 

to maintain a secondary market in the 

units. UITs that are registered under the 

Investment Company Act on Form N– 

8B–2 file post-effective amendments to 

their registration statements on Form S– 

6 in order to update their prospectuses. 

The purpose of Form S–6 is to meet 

the filing and disclosure requirements of 

the Securities Act and to enable filers to 

provide investors with information 

necessary to evaluate an investment in 

the security. This information collection 

differs significantly from many other 

federal information collections, which 

are primarily for the use and benefit of 

the collecting agency. The information 

required to be filed with the 

Commission permits verification of 

compliance with securities law 

requirements and assures the public 

availability and dissemination of the 

information. 

The Commission estimates that there 

are approximately 938 initial 

registration statements filed on Form S– 

6 annually and approximately 1,116 

annual post-effective amendments to 

previously effective registration 

statements filed on Form S–6. The 

Commission estimates that the hour 

burden for preparing and filing an 

initial registration statement on Form S– 

6 or for preparing and filing a posteffective amendment to a previously 

effective registration statement filed on 

Form S–6 is 35 hours. Therefore, the 

total burden of preparing and filing 

Form S–6 for all affected UITs is 71,890 

hours. 

The information collection 

requirements imposed by Form S–6 are 

mandatory. Responses to the collection 

of information will not be kept 

confidential. 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. 

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 


erowe on DSK5CLS3C1PROD with NOTICES
32824 Federal Register / Vol. 75, No. 110 / Wednesday, June 9, 2010 / Notices 

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 Charles Boucher, Director/CIO, 

Securities and Exchange Commission, 

C/O Shirley Martinson, 6432 General 

Green Way, Alexandria, VA 22312; or 

send an e-mail to: 

PRA_Mailbox@sec.gov. 

Dated: June 2, 2010. 

Elizabeth M. Murphy, 

Secretary. 

[FR Doc. 2010–13832 Filed 6–8–10; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies 

Available From: Securities and 

Exchange Commission, Office of 

Investor Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: Rule 10b-10; SEC File No. 

270–389; OMB Control No. 3235–0444. 

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) has submitted to the 

Office of Management and Budget a 

request for approval of extension of the 

previously approved collection of 

information provided for in Rule 10b-10 

(17 CFR 240.10b–10) under the 

Securities and Exchange Act of 1934 (15 

U.S.C. 78a et seq.) 

Rule 10b–10 requires broker-dealers 

to convey basic trade information to 

customers regarding their securities 

transactions. This information includes: 

the date and time of the transaction, the 

identity and number of shares bought or 

sold, and the trading capacity of the 

broker-dealer. Depending on the trading 

capacity of the broker-dealer, Rule 10b– 

10 requires the disclosure of 

commissions as well as mark-up and 

mark-down information. For 

transactions in debt securities, Rule 

10b–10 requires the disclosure of 

redemption and yield information. Rule 

10b–10 potentially applies to all of the 

approximately 5,178 firms registered 

with the Commission that effect 

transactions on behalf of customers. 

Based on information provided by 

registered broker-dealers to the 

Commission in FOCUS Reports, the 

Commission staff estimates that on 

average, registered broker-dealers 

process approximately 1.4 billion order 

tickets per month for transactions on 

behalf of customers. Each order ticket 

representing a transaction effected on 

behalf of a customer results in one 

confirmation. Therefore, the 

Commission staff estimates that 

approximately 16.8 billion 

confirmations are sent to customers 

annually. The confirmations required by 

Rule 10b–10 are generally processed 

through automated systems. It takes 

approximately 1 minute to generate and 

send a confirmation. Accordingly, the 

Commission estimates that brokerdealers spend 280 million hours per 

year complying with Rule 10b–10. 

The amount of confirmations sent and 

the cost of sending each confirmation 

varies from firm to firm. Smaller firms 

generally send fewer confirmations than 

larger firms because they effect fewer 

transactions. The Commission staff 

estimates the costs of producing and 

sending a paper confirmation, including 

postage to be approximately 96 cents. 

The Commission staff also estimates 

that the cost of producing a sending a 

wholly electronic confirmation is 

approximately 52 cents. Based on 

informal discussions with industry 

participants as well as no-action 

positions taken in this area, the staff 

estimates that broker-dealers used 

electronic confirmations for 

approximately 25 percent of 

transactions. Based on these 

calculations, Commission staff estimates 

that 12,600,000,000 paper confirmations 

are mailed each year at a cost of 

$12,096,000,000. Commission staff also 

estimates that 4,200,000,000 wholly 

electronic confirmations are sent each 

year at a cost of $2,184,000,000. 

Accordingly, Commission staff 

estimates that total annual cost 

associated with generating and 

delivering to investors the information 

required under Rule 10b–10 would be 

$14,280,000,000. 

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. 

Comments should be directed to: (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 

send an e-mail to: 

Shagufta_Ahmed@omb.eop.gov; and (ii) 

Charles Boucher Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Shirley 

Martinson, 6432 General Green Way, 

Alexandria VA 22312 or send an e-mail 

to: PRA_Mailbox@sec.gov. Comments 

must be submitted to OMB within 30 

days of this notice. 

Dated: June 2, 2010. 

Elizabeth M. Murphy, 

Secretary. 

[FR Doc. 2010–13834 Filed 6–8–10; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Form 1, Rules 6a–1 and 6a–2; SEC File No. 

270–0017; OMB Control No. 3235–0017. 

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’’) has submitted to the 

Office of Management and Budget a 

request for extension of the previously 

approved collection of information 

discussed below. 

The Securities Exchange Act of 1934 

(15 U.S.C. 78a et seq. (the ‘‘Act’’) sets 

forth a regulatory scheme for national 

securities exchanges. Rule 6a–1 (17 CFR 

240.6a–1) under the Act generally 

requires an applicant for initial 

registration as a national securities 

exchange to file an application with the 

Commission on Form 1 (17 CFR 249.1). 

An exchange that seeks an exemption 

from registration based on limited 

trading volume also must apply for such 

exemption on Form 1. Rule 6a–2 (17 

CFR 240.6a–2) under the Act requires 

registered and exempt exchanges: (1) To 

amend the Form 1 if there are any 

material changes to the information 

provided in the initial Form 1; and (2) 

to submit periodic updates of certain 

information provided in the initial Form 

1, whether such information has 

changed or not. The information 

required pursuant to Rules 6a–1 and 6a– 

2 is necessary to enable the Commission 

to maintain accurate files regarding the 

exchange and to exercise its statutory 

oversight functions. Without the 

information submitted pursuant to Rule 

6a–1 on Form 1, the Commission would 

not be able to determine whether the 

respondent met the criteria for 

registration or exemption set forth in 

Sections 6 and 19 of the Act. Without 

the amendments and periodic updates 

of information submitted pursuant to 

Rule 6a–2, the Commission would have 


erowe on DSK5CLS3C1PROD with NOTICES