

[Federal Register: October 4, 2007 (Volume 72, Number 192)]
[Notices]               
[Page 56806]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04oc07-112]                         

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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 Investor Education and Advocacy, Washington, DC 
20549-0213

Existing Collection; New OMB Control No.:
    Rule 607, SEC File No. 270-568, OMB Control No. 3235-xxxx

    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 
(``OMB'') a request for approval of the collection of information 
discussed below.
    Rule 607 under Regulation E (17 CFR 230.607) entitled, ``Sales 
material to be filed,'' requires sales material used in connection with 
securities offerings under Regulation E (17 CFR 230.601 to 610a) to be 
filed with the Commission at least five days (excluding weekends and 
holidays) prior to its use.\1\ Regulation E allows the exemption of 
securities issued by a small business investment company (``SBIC'') 
which is registered under the Investment Company Act of 1940 
(``Investment Company Act'') (15 U.S.C. 80a-1 et seq.) or a closed-end 
investment company that has elected to be regulated as a business 
development company (``BDC'') under the Investment Company Act from 
registration under the Securities Act of 1933 (``Securities Act'') (15 
U.S.C. 77a et seq.), so long as the aggregate offering price of all 
securities of the issuer that may be sold within a 12-month period does 
not exceed $5,000,000 and certain other conditions are met. Commission 
staff reviews sales material filed under rule 607 for materially 
misleading statements and omissions. The requirements of rule 607 are 
designed for investor protection.
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    \1\ Sales material includes advertisements, articles or other 
communications to be published in newspapers, magazines, or other 
periodicals; radio and television scripts; and letters, circulars or 
other written communications proposed to be sent given or otherwise 
communicated to more than ten persons.
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    Respondents to this collection of information include SBICs and 
BDCs making an offering of securities pursuant to Regulation E. Each 
respondent's reporting burden under rule 607 relates to the burden 
associated with filing its sales material electronically. The burden of 
filing electronically, however, is negligible and there have been no 
filings made under this rule, so this collection of information does 
not impose any burden on the industry. However, we are requesting one 
annual response and an annual burden of one hour for administrative 
purposes. The estimate of average burden hours is made solely for 
purposes of the Paperwork Reduction Act and is not derived from a 
quantitative, comprehensive, or even representative survey or study of 
the burdens associated with Commission rules and forms.
    The requirements of this collection of information are mandatory. 
Responses 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.
    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: 
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, 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: September 27, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-19549 Filed 10-3-07; 8:45 am]

BILLING CODE 8011-01-P
