51862 Federal Register / Vol. 73, No. 173 / Friday, September 5, 2008 / Notices 

1As of May 22, 2008, five SBICs were registered 

with the Commission. 

2This estimate of hours is based on past 

conversations with representatives of SBICs and 

accountants that have filed the form. 

3Commission staff estimates that the annual 

burden would be incurred by a senior accountant 

with an average hourly wage rate of $185 per hour. 

See Securities Industry Association and Financial 

Markets Association, Report on Management and 

Professional Earnings in the Securities Industry—

2007 (2007), modified to account for an 1800-hour 

work year and multiplied by 5.35 to account for 

bonuses, firm size, employee benefits and overhead. 

17D–1 (17 CFR 274.200) (‘‘form’’) as the 

form for reports required by rule 17d–

1. 

SBICs and their affiliated banks use 

form N–17D–1 to report any 

contemporaneous investments in a 

small business concern. The form 

provides shareholders and persons 

seeking to make an informed decision 

about investing in an SBIC an 

opportunity to learn about transactions 

of the SBIC that have the potential for 

self dealing and other forms of 

overreaching by affiliated persons at the 

expense of shareholders. 

Form N–17D–1 requires SBICs and 

their affiliated banks to report 

identifying information about the small 

business concern and the affiliated 

bank. The report must include, among 

other things, the SBIC’s and affiliated 

bank’s outstanding investments in the 

small business concern, the use of the 

proceeds of the investments made 

during the reporting period, any 

changes in the nature and amount of the 

affiliated bank’s investment, the name of 

any affiliated person of the SBIC or the 

affiliated bank (or any affiliated person 

of the affiliated person of the SBIC or 

the affiliated bank) who has any interest 

in the transactions, the basis of the 

affiliation, the nature of the interest, and 

the consideration the affiliated person 

has received or will receive. 

Up to five SBICs may file the form in 

any year.1 The Commission estimates 

the burden of filling out the form is 

approximately one hour per response 

and would likely be completed by an 

accountant or other professional. Based 

on past filings, the Commission 

estimates that no more than one SBIC is 

likely to use the form each year. Most 

of the information requested on the form 

should be readily available to the SBIC 

or the affiliated bank in records kept in 

the ordinary course of business, or with 

respect to the SBIC, pursuant to the 

recordkeeping requirements under the 

Act. Commission staff estimates that it 

should take approximately one hour for 

an accountant or other professional to 

complete the form.2 The estimated total 

annual burden of filling out the form is 

1 hour, at an estimated total annual cost 

of $185.3 The Commission will not keep 

responses on Form N–17D–1 

confidential. 

The estimate of average burden hours 

is made solely for the purposes of the 

Paperwork Reduction Act, and is not 

derived from a comprehensive or even 

a representative survey or study of the 

costs of Commission rules. 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. 

Please direct general comments 

regarding the above information to the 

following persons: (i) Desk Officer for 

the Securities and Exchange 

Commission, Office of Management and 

Budget, Room 10102, New Executive 

Office Building, Washington, DC 20503 

or e-mail to: 

Alexander_T._Hunt@omb.eop.gov; and 

(ii) Lewis W. Walker, Acting Director/ 

Chief Information Officer, Securities 

and Exchange Commission, C/O Shirley 

Martinson, 6432 General Green Way, 

Alexandria, VA 22312; or send an email to: PRA_Mailbox@sec.gov. 

Comments must be submitted to OMB 

within 30 days of this notice. 

August 27, 2008. 

Florence E. Harmon, 

Acting Secretary. 

[FR Doc. E8–20616 Filed 9–4–08; 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 N–8b–4, SEC File No. 270–180, OMB 

Control No. 3235–0247. 

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 a 

request for extension of the previously 

approved collection of information 

discussed below. 

Form N–8b–4 (17 CFR 274.14) is the 

form used by face-amount certificate 

companies to comply with the filing and 

disclosure requirements imposed by 

Section 8(b) of the Investment Company 

Act of 1940 (15 U.S.C. 80a–8(b)). Form 

N–8b–4 requires disclosure about the 

organization of a face-amount certificate 

company, its business and policies, its 

investment in securities, its certificates 

issued, the personnel and affiliated 

persons of the depositor, the 

distribution and redemption of 

securities, and financial statements. The 

Commission uses the information 

provided in the collection of 

information to determine compliance 

with Section 8(b) of the Investment 

Company Act of 1940. 

Based on the Commission’s industry 

statistics, the Commission estimates that 

there would be approximately 1 annual 

filing on Form N–8b–4. The 

Commission estimates that each 

registrant filing a Form N–8b–4 would 

spend 171 hours in preparing and filing 

the Form and that the total hour burden 

for all Form N–8b–4 filings would be 

171 hours. Estimates of the burden 

hours are made solely for the purposes 

of the PRA, and are not derived from a 

comprehensive or even a representative 

survey or study of the costs of SEC rules 

and forms. 

The information provided on Form 

N–8b–4 is mandatory. The information 

provided on Form N–8b–4 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. 

Please direct general comments 

regarding the above information to the 

following persons: (i) Desk Officer for 

the Securities and Exchange 

Commission, Office of Management and 

Budget, Room 10102, New Executive 

Office Building, Washington, DC 20503 

or e-mail to: 

Alexander_T._Hunt@omb.eop.gov; and 

(ii) Lewis W. Walker, Acting Director/ 

Chief Information Officer, Securities 

and Exchange Commission, C/O Shirley 

Martinson, 6432 General Green Way, 

Alexandria, VA 22312; or send an email to: PRA_Mailbox@sec.gov. 

Comments must be submitted to OMB 

within 30 days of this notice. 

Dated: August 27, 2008. 

Florence E. Harmon, 

Acting Secretary. 

[FR Doc. E8–20617 Filed 9–4–08; 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 

mstockstill on PROD1PC66 with NOTICES