Federal Register / Vol. 75, No. 190 / Friday, October 1, 2010 / Notices 60831 

Section 309 of the Act and Section 

107.1900 of the Small Business 

Administration Rules and Regulations 

(13 CFR 107.1900) to function as a small 

business investment company under the 

Small business Investment Company 

License No. 02/72–0616 issued to Rock 

Maple Ventures, L.P., and said license is 

hereby declared null and void as of 

August 4, 2010. 

United States Small Business 

Administration. 

Sean J. Greene, 

AA/Investment, United States Small Business 

Administration. 

[FR Doc. 2010–24613 Filed 9–30–10; 8:45 am] 

BILLING CODE 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: 

Regulation C; OMB Control No. 3235–0074; 

SEC File No. 270–68. 

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 the 

request for extension of the previously 

approved collection of information 

discussed below. 

Regulation C (17 CFR 230.400 through 

230.498) provides standard instructions 

to guide persons when filing registration 

statements under the Securities Act of 

1933 (15 U.S.C. 77a et seq.). The 

information collected is intended to 

ensure the adequacy of information 

available to investors in the registration 

of securities. The information provided 

is mandatory. Regulation C is assigned 

one burden hour for administrative 

convenience because it does not directly 

impose information collection 

requirements. 

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 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 send an email to: Shagufta_Ahmed@omb.eop.gov; 

and (ii) Jeffrey Heslop, Director/CIO, 

Securities and Exchange Commission, 

C/O Remi Pavlik-Simon, 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: September 27, 2010. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–24650 Filed 9–30–10; 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 204A–1; SEC File No. 270–536; OMB 

Control No. 3235–0596. 

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’’) has submitted to the 

Office of Management and Budget a 

request for extension of the previously 

approved collection of information 

discussed below. 

The title for the collection of 

information is ‘‘Rule 204A–1 (17 CFR 

275.204A–1) under the Investment 

Advisers Act of 1940.’’ (15 U.S.C. 

80b–1 et seq.) Rule 204A–1, the Code of 

Ethics Rule, requires investment 

advisers registered with the SEC to (i) 

set forth standards of conduct expected 

of advisory personnel (including 

compliance with the Federal securities 

laws), (ii) safeguard material nonpublic 

information about client transactions, 

and (iii) require the adviser’s ‘‘access 

persons’’ to report their personal 

securities transactions, including 

transactions in any mutual fund 

managed by the adviser. The code of 

ethics also requires access persons to 

obtain the adviser’s approval before 

investing in an initial public offering 

(‘‘IPO’’) or private placement. The code 

of ethics also requires prompt reporting, 

to the adviser’s chief compliance officer 

or another person designated in the 

code of ethics, of any violations of the 

code. Finally, the code of ethics requires 

the adviser to provide each supervised 

person with a copy of the code and any 

amendments, and require the 

supervised persons to acknowledge, in 

writing, their receipt of these copies. 

The purposes of the information 

collection requirements is (i) to ensure 

that advisers maintain codes of ethics 

applicable to their supervised persons; 

(ii) to provide advisers with information 

about the personal securities 

transactions of their access persons for 

purposes of monitoring such 

transactions; (iii) to provide advisory 

clients with information with which to 

evaluate advisers’ codes of ethics; and 

(iv) to assist the Commission’s 

examination staff in assessing the 

adequacy of advisers’ codes of ethics 

and assessing personal trading activity 

by advisers’ supervised persons. 

The respondents to this information 

collection are investment advisers 

registered with the Commission. The 

Commission has estimated that 

compliance with rule 204A–1 imposes a 

burden of approximately 118 hours per 

adviser annually based on an average 

adviser having 84 access persons. Our 

latest data indicate that there were 

11,797 advisers registered with the 

Commission. Based on this figure, the 

Commission estimates a total annual 

burden of 1,391,456 hours for this 

collection of information. 

Rule 204A–1 does not require 

recordkeeping or record retention. The 

collection of information requirements 

under the rule are mandatory. The 

information collected pursuant to the 

rule are not filed with the Commission, 

but rather take the form of 

communications between advisers and 

their supervised persons. Investment 

advisers use the information collected to 

control and assess the personal trading 

activities of their supervised persons. 

Responses to the reporting requirements 

will be kept confidential to the extent 

each investment adviser provides 

confidentiality under its particular 

practices and procedures. 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 send an e-mail to Shagufta Ahmed at 

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

Jeffrey Heslop, Director/Acting CIO, 

Securities and Exchange Commission, 

c/o Remi Pavlik-Simon, 6432 General 

Green Way, Alexandria, VA 22312; or 


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