Federal Register / Vol. 75, No. 106 / Thursday, June 3, 2010 / Notices 31481 

Management and Budget for extension 

and approval. 

Rule 12h–1(f) (17 CFR 240.12h–1) 

provides an exemption from the 

registration requirements of the 

Securities Exchange Act of 1934 for 

compensatory employee stock options 

of issuers that are not required to file 

periodic reports under the Exchange Act 

and that have 500 or more option 

holders and more than $10 million in 

assets at its most recently ended fiscal 

year. The information required under 

filed Rule 12h–1 is not filed with the 

Commission. Rule 12h–(f) permits 

issuers to provide the required 

information (other than the issuer’s 

books and records) to the option holders 

and holders of share received on 

exercise of compensatory employee 

stock options either by: (i) physical or 

electronic delivery of the information; 

and (ii) notice to the option holders and 

holders of shares received on exercise of 

compensatory employee stock options 

of the availability of the information on 

a password-protected Internet site. We 

estimate that it takes approximately 2 

burden hours per response to provide 

the information required under Rule 

12h–1 and that the information is filed 

by approximately 40 respondents. We 

estimate that 25% of the 2 hours per 

response (5 hours) is prepared by the 

company for a total annual reporting 

burden of 80 hours (.5 hours per 

response × 40 responses). 

Written comments are invited on: (a) 

Whether this proposed collection of 

information is necessary for the 

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 comment to 

Charles Boucher, Director/CIO, 

Securities and Exchange Commission, 

C/O Shirley Martinson, 6432 General 

Green Way, Alexandria, Virginia 22312; 

or send an e-mail to: 

PRA_Mailbox@sec.gov. 

Dated: May 26, 2010. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–13331 Filed 6–2–10; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of Investor Education 

and Advocacy, Washington, DC 20549– 

0213. 

Extension: Regulation S–AM; SEC File 

No. 270–548; OMB Control No. 

3235–0609. 

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 

provided for in Regulation S–AM (17 

CFR part 248, subpart B), under the Fair 

and Accurate Credit Transactions Act of 

2003 (Pub. L. 108–159, Section 214, 117 

Stat. 1952 (2003)) (‘‘FACT Act’’), the 

Securities and Exchange Act of 1934 (15 

U.S.C. 78a et seq.), the Investment 

Company Act of 1940 (15 U.S.C. 80a–1 

et seq.), and the Investment Advisers 

Act of 1940 (15 U.S.C. 80b–1 et seq.). 

The Commission plans to submit this 

existing collection of information to the 

Office of Management and Budget for 

extension and approval. 

Regulation S–AM implements the 

requirements of Section 214 of the 

FACT Act as applied to brokers, dealers, 

and investment companies, as well as 

investment advisers and transfer agents 

that are registered with the Commission 

(collectively, ‘‘Covered Persons’’). As 

directed by Section 214 of the FACT 

Act, before a receiving affiliate may 

make marketing solicitations based on 

the communication of certain consumer 

financial information from a Covered 

Person, the Covered Person must 

provide a notice to each affected 

individual informing the individual of 

his or her right to prohibit such 

marketing. The regulation potentially 

applies to all of the approximately 

21,466 Covered Persons registered with 

the Commission, although only 

approximately 12,021 of them have one 

or more corporate affiliates, and the 

regulation would require only 

approximately 2,147 of them to provide 

consumers with notice and an opt-out 

opportunity. 

The Commission staff estimates that 

there are approximately 12,021 Covered 

Persons having one or more affiliates, 

and that they would require an average 

one-time burden of 1 hour to review 

affiliate marketing practices, for a total 

of 12,021 hours, at a total staff cost of 

approximately $2,524,410. The staff also 

estimates that approximately 2,147 

Covered Persons would be required to 

provide notice and opt-out 

opportunities to consumers, and would 

incur an average first-year burden of 18 

hours in doing so, for a total estimated 

first-year burden of 38,646 hours, at a 

total staff cost of approximately 

$10,279,836. With regard to continuing 

notice burdens, the staff estimates that 

each of the approximately 2,147 

Covered Persons required to provide 

notice and opt-out opportunities to 

consumers would incur a burden of 

approximately 4 hours per year to create 

and deliver notices to new consumers 

and record any opt outs that are 

received on an ongoing basis, for a total 

of 8,588 hours, at a total staff cost of 

approximately $489,516 per year. 

Written comments are invited on: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

(b) the accuracy of the Commission’s 

estimates of the burden of the proposed 

collection of information; (c) ways to 

enhance the quality, utility, and clarity 

of the information on respondents; 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. 

Comments should be submitted in 

writing to: Charles Boucher, Director/ 

Chief Information Officer, Securities 

and Exchange Commission, c/o Shirley 

Martinson, 6432 General Green Way, 

Alexandria, VA 22312, or by e-mail to: 

PRA_Mailbox@sec.gov. 

Dated: May 26, 2010. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–13332 Filed 6–2–10; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[File No. 500–1] 

In the Matter of Sintec Co. Ltd.: Order 

of Suspension of Trading 

June 1, 2010. 

It appears to the Securities and 

Exchange Commission that there is a 

lack of current and accurate information 

concerning the securities of Sintec Co. 

Ltd. because it has not filed any 

periodic reports since the period ended 

December 31, 2001. 


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