Document ID: SEC-2007-1019-0002
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2007-10-04T04:00Z

[Federal Register: October 4, 2007 (Volume 72, Number 192)]
[Notices]               
[Page 56804-56805]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04oc07-110]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; Comment Request

Upon Written Request, Copy Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213

Extension:
    Form S-6, SEC File No. 270-181, OMB Control No. 3235-0184

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) (``Paperwork Reduction Act''), 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 S-6 (17 CFR 
239.16), for Registration under the Securities Act of 1933 of 
Securities of Unit Investment Trusts Registered on Form N-8B-2 (17 CFR 
274.13).'' Unit investment trusts offering their securities to the 
public are required by two separate statutes to file registration 
statements with the Commission. They are required to register their 
securities under the Securities Act of 1933 (15 U.S.C. 77a et seq.) 
(``Securities Act''), and to register as investment companies under the 
Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) (``Investment 
Company Act'').
    Form S-6 is used for registration under the Securities Act of the 
securities of any unit investment trust that is registered under the 
Investment Company Act on Form N-8B-2.\1\ A separate registration 
statement under the Securities Act must be filed for each series of 
units issued by the trust. Form S-6 consists of, among other things, a 
prospectus, certain written consents, an undertaking to file 
supplementary information, and certain exhibits containing financial 
and other information required in the registration

[[Page 56805]]

statement but not required to appear in the prospectus.
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    \1\ Form N-8B-2 is the form used by unit investment trusts to 
register as investment companies under the Investment Company Act 
(except for unit investment trusts that are insurance company 
separate accounts issuing variable annuity or variable life 
insurance contracts, which instead register on Form N-4 and Form N-
6, respectively). The form requires that certain material 
information about the trust, its sponsor, its trustees, and its 
operation be disclosed. The registration on Form N-8B-2 is a one-
time filing that applies to the first series of the unit investment 
trust as well as any subsequent series that is issued by the 
sponsor.
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    Section 10(a)(3) of the Securities Act (15 U.S.C. 77j(a)(3)) 
provides, in pertinent part, that when a prospectus is used more than 
nine months after the effective date of the registration statement, the 
information contained therein shall be as of a date not more than 
sixteen months prior to such use. As a result, most unit investment 
trusts that are registered under the Investment Company Act on Form N-
8B-2 update their registration statements on Form S-6 on an annual 
basis so that their sponsors may continue to maintain a secondary 
market in the units.
    The purpose of the registration statement on Form S-6 is to provide 
disclosure of financial and other information that investors may use to 
make informed decisions regarding the merits of the securities offered 
for sale. To that end, unit investment trusts that are registered under 
the Investment Company Act on Form N-8B-2 must furnish to investors a 
prospectus containing pertinent information set forth in the 
registration statement. The Commission reviews registration statements 
filed on Form S-6 to ensure adequate disclosure is made to investors.
    The Commission estimates that each year unit investment trusts file 
approximately 1,353 Forms S-6. It is estimated that preparing Form S-6 
requires a unit investment trust to spend approximately 35 hours so 
that the total burden of preparing Form S-6 for all affected unit 
investment trusts is 47,355 hours. Estimates of average burden hours 
are made solely for the purposes of the Paperwork Reduction Act, and 
are not derived from a comprehensive or even a representative survey or 
study of the costs of Commission rules and forms.
    The collection of information on Form S-6 is mandatory. The 
information provided on Form S-6 is not 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 OMB 
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: 
Alexander_T._Hunt@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, Virginia, 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, 2007.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E7-19547 Filed 10-3-07; 8:45 am]

BILLING CODE 8011-01-P