

[Federal Register: March 9, 2006 (Volume 71, Number 46)]
[Notices]               
[Page 12222-12223]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09mr06-104]                         

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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: Rule 6e-2; SEC File No. 270-177; OMB Control No. 3235-
0177.

    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 these existing collections of information to the Office of 
Management and Budget (``OMB'') for extension and approval.
    Rule 6e-2 (17 CFR 270.6e-2) under the Investment Company Act of 
1940 (``Act'') is an exemptive rule that permits separate accounts, 
formed by life insurance companies, to fund certain variable life 
insurance products. The rule exempts such separate accounts from the 
registration requirements under the Act, among others, on condition 
that they comply with all but certain designated provisions of the Act 
and meet the other requirements of the rule. The rule sets forth 
several information collection requirements.
    Rule 6e-2 provides a separate account with an exemption from the 
registration provisions of section 8(a) of the Act if the account files 
with the Commission Form N-6EI-1, a notification of claim of exemption.
    The rule also exempts a separate account from a number of other 
sections of the Act, provided that the separate account makes certain 
disclosure in its registration statements, reports to contractholders, 
proxy solicitations, and submissions to state regulatory authorities, 
as prescribed by the rule.
    Paragraph (b)(9) of rule 6e-2 provides an exemption from the 
requirements of section 17(f) of the Act and imposes a reporting burden 
and certain other conditions. Section 17(f) requires that every 
registered management company meet various custody requirements for its 
securities and similar investments. Paragraph (b)(9) applies only to 
management accounts that offer life insurance contracts subject to rule 
6e-2.
    Since 2003, there have been no filings under paragraph (b)(9) of 
rule 6e-2 by management accounts. Therefore, since 2003, there has been 
no cost or burden to the industry regarding the information collection 
requirements of paragraph (b)(9) of rule 6e-2. In addition, there have 
been no filings of Form N-6EI-1 by separate accounts since 2003. 
Therefore, there has been no cost or burden to the industry since that 
time.

[[Page 12223]]

    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 shall 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the proposed collection of information; (c) ways to 
enhance the quality, utility, and clarity of the information to be 
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. The Commission request 
authorization to maintain an inventory of one burden hour for 
administrative purposes.
    Please direct your written comments to R. Corey Booth, Director/
Chief Information Officer, Office of Information Technology, Securities 
and Exchange Commission, 100 F Street, NE Washington, DC 20549.

    Dated: March 2, 2006.
Jill M. Peterson,
Assistant Secretary.
 [FR Doc. E6-3328 Filed 3-8-06; 8:45 am]

BILLING CODE 8010-01-P
