Document ID: SEC-2009-1108-0001
Agency: sec
Document Type: Notice
Title: Proposed Collection; Comment Request
Posted Date: 2009-08-07T04:00Z

[Federal Register: August 7, 2009 (Volume 74, Number 151)]
[Notices]               
[Page 39719-39720]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr07au09-107]                         

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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:
    Form N-6, SEC File No. 270-446, OMB Control No. 3235-0503.

    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.
    The title for the collection of information is ``Form N-6 (17 CFR 
239.17c and 274.11d) under the Securities Act of 1933 (15 U.S.C. 77a et 
seq.) and under the Investment Company Act of 1940 (15 U.S.C. 80a-1 et 
seq.) registration statement of separate accounts organized as unit 
investment trusts that offer variable life insurance policies.'' Form 
N-6 is the form used by insurance company separate accounts organized 
as unit investment trusts that offer variable life insurance contracts 
to register as investment companies under the Investment Company Act of 
1940 and/or to register their securities under the Securities Act of 
1933. The primary purpose of the registration process is to provide 
disclosure of financial and other information to investors and 
potential investors for the purpose of evaluating an investment in a 
security. Form N-6 also permits separate accounts organized as unit 
investment trusts that offer variable life insurance contracts to 
provide investors with a prospectus containing information required in 
a registration statement prior to the sale or at the time of 
confirmation of delivery of securities.
    The Commission estimates that there are approximately 250 separate 
accounts registered as unit investment trusts and offering variable 
life insurance policies that file registration statements on Form N-6. 
The Commission estimates that there are 95 initial registration 
statements on Form N-6 filed annually. The Commission estimates that 
approximately 813 registration statements (718 post-effective 
amendments plus 95 initial registration statements) are filed on Form 
N-6 annually. The Commission estimates that the hour burden for 
preparing and filing a post-effective amendment on Form N-6 is 67.5 
hours. The total annual hour burden for preparing and filing post-
effective amendments is 48,465 hours (718 post-effective amendments 
annually times 67.5 hours per amendment). The estimated hour burden per 
portfolio for preparing and filing an initial registration statement on 
Form N-6 is 770.25 hours. The estimated annual hour burden for 
preparing and filing initial registration statements is 73,174 hours 
(95 initial registration statements annually times 770.25 hours per 
registration statement). The frequency of response is annual. The total 
annual hour burden for Form N-6, therefore, is estimated to be 121,639 
hours (48,465 hours for post-effective amendments plus 73,174 hours for 
initial registration statements).
    The information collection requirements imposed by Form N-6 are 
mandatory. Responses to the collection of information 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.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper 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 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 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.

[[Page 39720]]

    Dated: August 3, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-18983 Filed 8-6-09; 8:45 am]

BILLING CODE 8010-01-P