Document ID: SEC-2010-1264-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2010-08-18T04:00Z

[Federal Register: August 18, 2010 (Volume 75, Number 159)]
[Notices]               
[Page 51120-51121]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr18au10-157]                         

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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.), 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 ``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).'' Form S-6 is a form used for registration under the 
Securities Act of 1933 (15 U.S.C. 77a et seq.) (``Securities Act'') of 
securities of any unit investment trust (``UIT'') registered under the 
Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) (``Investment 
Company Act'') on Form N-8B-2.\1\ Section 5 of the Securities Act (15 
U.S.C. 77e) requires the filing of a registration statement prior to 
the offer of securities to the public and that the statement be 
effective before any securities are sold. Section 5(b) of the 
Securities Act requires that investors be provided with a prospectus 
containing the information required in a registration statement prior 
to the sale or at the time of confirmation or delivery of the 
securities.
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    \1\ Form N-8B-2 is the form used by UITs other than separate 
accounts that are currently issuing securities, including UITs that 
are issuers of periodic payment plan certificates and UITs of which 
a management investment company is the sponsor or depositor to 
register under the Investment Company Act pursuant to Section 8 
thereof.
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    Section 10(a)(3) of the Securities Act (15 U.S.C. 77j(a)(3)) 
provides that when a prospectus is used more than nine months after the 
effective date of the registration statement, the information therein 
shall be as of a date not more than sixteen months prior to such use. 
As a result, most UITs update their registration statements under the 
Securities Act on an annual basis in order that their sponsors may 
continue to maintain a secondary market in the units. UITs that are 
registered under the Investment Company Act on Form N-8B-2 file post-
effective amendments to their registration statements on Form S-6 in 
order to update their prospectuses.
    The purpose of Form S-6 is to meet the filing and disclosure 
requirements of the Securities Act and to enable filers to provide 
investors with information

[[Page 51121]]

necessary to evaluate an investment in the security. This information 
collection differs significantly from many other federal information 
collections, which are primarily for the use and benefit of the 
collecting agency. The information required to be filed with the 
Commission permits verification of compliance with securities law 
requirements and assures the public availability and dissemination of 
the information.
    The Commission estimates that there are approximately 938 initial 
registration statements filed on Form S-6 annually and approximately 
1,116 annual post-effective amendments to previously effective 
registration statements filed on Form S-6. The Commission estimates 
that the hour burden for preparing and filing an initial registration 
statement on Form S-6 or for preparing and filing a post-effective 
amendment to a previously effective registration statement filed on 
Form S-6 is 35 hours. Therefore, the total burden of preparing and 
filing Form S-6 for all affected UITs is 71,890 hours.
    The information collection requirements imposed by Form S-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 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: August 11, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-20371 Filed 8-17-10; 8:45 am]
BILLING CODE 8010-01-P