Document ID: SEC-2007-0275-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2007-02-23T05:00Z

[Federal Register: February 23, 2007 (Volume 72, Number 36)]
[Notices]               
[Page 8207-8208]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr23fe07-94]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549.

Extension: Form N-3; SEC File No. 270-281; OMB Control No. 3235-
0316.

    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 collections of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget (``OMB'') for extension and approval.
    The title for the collection of information is ``Form N-3 (17 CFR 
239.17a and 274.11b) under the Securities Act of 1933 and under the 
Investment Company Act of 1940, Registration Statement of Separate 
Accounts Organized as Management Investment Companies.'' Form N-3 is 
the form used by insurance company separate accounts organized as 
management investment companies that offer variable annuity contracts 
to register as investment companies under the Investment Company Act of 
1940 (15 U.S.C. 80a-1 et seq.) (``Investment Company Act'') and/or to 
register their securities under the Securities Act of 1933 (15 U.S.C. 
77a et seq.) (``Securities Act''). 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-3 also permits separate 
accounts

[[Page 8208]]

organized as management investment companies that offer annuity 
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 2 initial registration 
statements and 30 post-effective amendments to initial registration 
statements filed on Form N-3 annually and that the average number of 
portfolios referenced in each initial filing and post-effective 
amendment is 2. The Commission further estimates that the hour burden 
for preparing and filing a post-effective amendment on Form N-3 is 
154.7 hours per portfolio. The total annual hour burden for preparing 
and filing post-effective amendments is 9,282 hours (30 post-effective 
amendments x 2 portfolios x 154.7 hours per portfolio). The estimated 
annual hour burden for preparing and filing initial registration 
statements is 3,690.8 hours (2 initial registration statements x 2 
portfolios x 922.7 hours per portfolio). The total annual hour burden 
for Form N-3, therefore, is estimated to be 12,972.8 hours (9,282 hours 
+ 3,690.8 hours).
    The information collection requirements imposed by Form N-3 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 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.

    February 14, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-3092 Filed 2-22-07; 8:45 am]

BILLING CODE 8010-01-P