

[Federal Register: May 23, 2006 (Volume 71, Number 99)]
[Notices]               
[Page 29687-29688]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr23my06-86]                         

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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:
    Rule 6e-2 and Form N-6EI-1, 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 (``Commission'') has submitted to the Office of Management 
and Budget requests for extension of the previously approved 
collections of information discussed below.
    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

[[Page 29688]]

the account files with the Commission Form N-6EI-1 (17 CFR 274.301), 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 contract holders, 
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. The Commission requests authorization to maintain an inventory of 
one burden hour for administrative purposes.
    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.
    General comments regarding the above information should be directed 
to the following persons; (i) Desk officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
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, 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: May 15, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-7801 Filed 5-22-06; 8:45 am]

BILLING CODE 8010-01-P
