Federal Register / Vol. 74, No. 132 / Monday, July 13, 2009 / Notices 33487 

1As discussed below, the Military Personnel 

Financial Services Protection Act banned the 

issuance or sale of new periodic payment plans, 

effective October 2006. 

2The rule also permits the issuer, its principal 

underwriter, its depositor, or its recordkeeping 

agent to mail the notice if the custodian bank has 

delegated the mailing of the notice to any of them 

or if the issuer has been permitted to operate 

without a custodian bank by Commission order. See 

17 CFR 270.27f–1. 

disaster as beginning 04/28/2009 and 

continuing through 05/31/2009. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

James E. Rivera, 

Acting Associate Administrator for Disaster 

Assistance. 

[FR Doc. E9–16393 Filed 7–10–09; 8:45 am] 

BILLING CODE 8025–01–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 27f–1 and Form N–27F–1, SEC File 

No. 270–487, OMB Control No. 3235– 

0546. 

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. 

Section 27(f) of the Investment 

Company Act of 1940 (‘‘Act’’) (15 U.S.C. 

80a–27(f)) provides that ‘‘[w]ith respect 

to any periodic payment plan (other 

than a plan under which the amount of 

sales load deducted from any payment 

thereon does not exceed 9 per centum 

of such payment), the custodian bank 

for such plan shall mail to each 

certificate holder, within sixty days after 

the issuance of the certificate, a 

statement of charges to be deducted 

from the projected payments on the 

certificate and a notice of his right of 

withdrawal as specified in this 

section.’’ 1 The certificate holder then 

has forty-five days from the mailing of 

the notice to surrender his or her 

certificate and receive ‘‘in payment 

thereof, in cash, the sum of (1) the value 

of his account, and (2) an amount, from 

the underwriter or depositor, equal to 

the difference between the gross 

payments made and the net amount 

invested.’’ 

Section 27(f) authorizes the Securities 

and Exchange Commission 

(‘‘Commission’’) to ‘‘make rules 

specifying the method, form, and 

contents of the notice required by this 

subsection.’’ Rule 27f–1 (17 CFR 

270.27f–1) under the Act, entitled 

‘‘Notice of Right of Withdrawal 

Required to be Mailed to Periodic 

Payment Plan Certificate Holders and 

Exemption from Section 27(f) for 

Certain Periodic Payment Plan 

Certificates,’’ provides instructions for 

the delivery of the notice required by 

section 27(f). 

Rule 27f–1(d) prescribes Form N– 

27F–1 (17 CFR 274.127f–1), which sets 

forth the language that custodian banks 

for periodic payment plans must use in 

informing certificate holders of their 

withdrawal right pursuant to section 

27(f). The instructions to the form 

provide that the notice must be on the 

sender’s letterhead. The Commission 

does not receive a copy of the Form N– 

27F–1 notice. 

The Form N–27F–1 notice informs 

certificate holders of their rights in 

connection with the certificates they 

hold. Specifically, it is intended to 

encourage new purchasers of plan 

certificates to reassess the costs and 

benefits of their investment and to 

provide them with an opportunity to 

recover their initial investment without 

penalty. The disclosure assists 

certificate holders in making careful and 

fully informed decisions about whether 

to invest in periodic payment plan 

certificates. 

Complying with the collection of 

information requirements of rule 27f–1 

is mandatory for custodian banks of 

periodic payment plans for which the 

sales load deducted from any payment 

exceeds 9 percent of the payment.2 The 

information provided pursuant to rule 

27f–1 will be provided to third parties 

and, therefore, 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. 

Effective October 27, 2006, the 

Military Personnel Financial Services 

Protection Act banned the issuance or 

sale of new periodic payment plans. 

Accordingly, the staff estimates that 

there is no information collection 

burden associated with rule 27f–1 and 

Form N–27F–1. For administrative 

purposes, however, we are requesting 

approval for an information collection 

burden of one hour per year. This 

estimate of burden hours is not derived 

from a comprehensive or necessarily 

even representative study of the cost of 

the Commission’s rules and forms. 

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) 

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. Comments must 

be submitted to OMB within 30 days of 

this notice. 

Dated: July 6, 2009. 

Elizabeth M. Murphy, 

Secretary. 

[FR Doc. E9–16387 Filed 7–10–09; 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 20549–0212. 

Extension: 

Rules 8b–1 to 8b–33; SEC File No. 270– 

135; OMB Control No. 3235–0176. 

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. 

Rules 8b–1 to 8b–33 (17 CFR 270.8b– 

1 to 8b–33) under the Investment 

Company Act of 1940 (15 U.S.C. 80a–1 

et seq.) (the ‘‘Act’’) are the procedural 

rules an investment company must 

follow when preparing and filing a 

registration statement. These rules were 

adopted to standardize the mechanics of 

registration under the Act and to 

provide more specific guidance for 

persons registering under the Act than 

the information contained in the statute. 

For the most part, these procedural rules 

do not require the disclosure of 

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