59686 Federal Register / Vol. 73, No. 197 / Thursday, October 9, 2008 / Notices 

CONTESTING RECORD PROCEDURES: 

Any individual who wants to contest 

the contents of a record should make a 

written request to the System Manager. 

Requesters will be required to provide 

adequate identification, such as a 

driver’s license, employee identification 

card, or other identifying 

documentation. Additional 

identification may be required in some 

instances. Requests for correction or 

amendment must identify the record to 

be changed and the corrective action 

sought. Complete Peace Corps Privacy 

Act procedures are set out in 22 CFR 

part 308. 

RECORD SOURCE CATEGORIES: 

Donor and Peace Corps volunteers. 

EXEMPTIONS CLAIMED FOR THE SYSTEM: 

None. 

Dated: October 3, 2008. 

Carl R. Sosebee, 

Acting General Counsel. 

[FR Doc. E8–23891 Filed 10–8–08; 8:45 am] 

BILLING CODE 6051–01–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: 

Rule 31a–1, SEC File No. 270–173, OMB 

Control No. 3235–0178. 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501–3520), the Securities 

and Exchange Commission 

(‘‘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. 

Rule 31a–1 (17 CFR 270.31a–1) under 

the Investment Company Act of 1940 

(the ‘‘Act’’) (15 U.S.C. 80a) is entitled 

‘‘Records to be maintained by registered 

investment companies, certain majorityowned subsidiaries thereof, and other 

persons having transactions with 

registered investment companies.’’ Rule 

31a–1 requires registered investment 

companies (‘‘funds’’), and every 

underwriter, broker, dealer, or 

investment adviser that is a majorityowned subsidiary of a fund, to maintain 

and keep current accounts, books, and 

other documents which constitute the 

record forming the basis for financial 

statements required to be filed pursuant 

to section 31 of the Act (15 U.S.C. 80a– 

30) and of the auditor’s certificates 

relating thereto. The rule lists specific 

records to be maintained by funds. The 

rule also requires certain underwriters, 

brokers, dealers, depositors, and 

investment advisers to maintain the 

records that they are required to 

maintain under federal securities laws. 

There are approximately 4,621 

investment companies registered with 

the Commission, all of which are 

required to comply with rule 31a–1. For 

purposes of determining the burden 

imposed by rule 31a–1, the Commission 

staff estimates that each fund is divided 

into approximately four series, on 

average, and that each series is required 

to comply with the recordkeeping 

requirements of rule 31a–1. Based on 

conversations with fund representatives, 

it is estimated that rule 31a–1 imposes 

an average burden of approximately 

1,750 hours annually per series for a 

total of 7,000 annual hours per fund. 

The estimated total annual burden for 

all 4,621 funds subject to the rule 

therefore is approximately 32,347,000 

hours. Based on conversations with 

fund representatives, however, the 

Commission staff estimates that even 

absent the requirements of rule 31a–1, 

90 percent of the records created 

pursuant to the rule are the type that 

generally would be created as a matter 

of normal business practice and to 

prepare financial statements. Thus, the 

Commission staff estimates that the total 

annual burden associated with rule 31a– 

1 is 3,234,700 hours. 

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. 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 OMB control 

number. 

Written comments are requested on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information has practical utility; (b) the 

accuracy of the Commission’s estimate 

of the burden(s) 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 Lewis W. Walker, Acting 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: October 1, 2008. 

Florence E. Harmon, 

Acting Secretary. 

[FR Doc. E8–23924 Filed 10–8–08; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: U.S. Securities and Exchange 

Commission Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 11a1–1(T), OMB Control No. 3235– 

0478, SEC File No. 270–428. 

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 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

• Rule 11a1–1(T)—Transactions 

Yielding Priority, Parity, and 

Precedence 

On January 27, 1976, the Commission 

adopted Rule 11a1–1(T)—Transactions 

Yielding Priority, Parity, and 

Precedence (17 CFR 240.11a1–1(T)) 

under the Securities Exchange Act of 

1934 (15 U.S.C. 78 et seq.) (‘‘Exchange 

Act’’), to exempt certain transactions of 

exchange members for their own 

accounts that would otherwise be 

prohibited under Section 11(a) of the 

Exchange Act. The rule provides that a 

member’s proprietary order may be 

executed on the exchange of which the 

trader is a member, if, among other 

things: (1) The member discloses that a 

bid or offer for its account is for its 

account to any member with whom 

such bid or offer is placed or to whom 

it is communicated; (2) any such 

member through whom that bid or offer 

is communicated discloses to others 

participating in effecting the order that 

it is for the account of a member; and 

(3) immediately before executing the 


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