Document ID: SEC-2006-1651-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2006-12-19T05:00Z

[Federal Register: December 19, 2006 (Volume 71, Number 243)]
[Notices]               
[Page 76005-76006]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr19de06-95]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; Comment Request

Upon written request, copies available from: Securities and Exchange 
Commission Office of Filings and Information Services, Washington, DC 
20549

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

[[Page 76006]]

    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 
(``OMB'') a request for extension of the previously approved collection 
of information discussed below.
    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 form also may be used by 
the Commission in its regulatory review, inspection, and policy-making 
roles.
    The Commission estimates that there are approximately 241 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 32 initial registration 
statements on Form N-6 filed annually. The Commission estimates that 
approximately 641 registration statements (609 post-effective 
amendments plus 32 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 41,107.5 hours (609 post-effective amendments 
annually times 67.5 hours per amendment). The estimated hour burden 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 24,648 hours (32 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 65,755.5 hours 
(41,107.5 hours for post-effective amendments plus 24,648 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.
    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: 
David_Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief 

Information Officer, 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: December 11, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-21594 Filed 12-18-06; 8:45 am]

BILLING CODE 8011-01-P