60 day notice

55224

Federal Register / Vol. 83, No. 213 / Friday, November 2, 2018 / Notices

Kenner, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
Mailbox@sec.gov. Comments must be
submitted to OMB within 30 days of
this notice.
Dated: October 29, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–23962 Filed 11–1–18; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–282, OMB Control No.
3235–0318]

Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Extension:
Form N–4

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 collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
The collection of information is
entitled: ‘‘Form N–4 (17 CFR 239.17b)
under the Securities Act of 1933 and (17
CFR 274.11c) under the Investment
Company Act of 1940, registration
statement of separate accounts
organized as unit investment trust.’’
Form N–4 is the form used by insurance
company separate accounts organized as
unit investment trusts 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.) and/or to register
their securities under the Securities Act
of 1933 (15 U.S.C. 77a et seq.). 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 registration
statement be effective before any
securities are sold, and Section 8 of the
Investment Company Act (15 U.S.C.
80a–8) provides for the registration of
investment companies. Pursuant to
Form N–4, separate accounts organized
as unit investment trusts that offer
variable annuity contracts provide
investors with a prospectus and a
statement of additional information

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covering essential information about a
separate account. 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 or at the
time of sale or delivery of securities.
The purpose of Form N–4 is to meet
the filing and disclosure requirements of
the Securities Act and the Investment
Company Act and to enable filers to
provide investors with information
necessary to evaluate an investment in
a security. 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 estimated annual number of
filings on Form N–4 is 35 initial
registration statements and 1,326 posteffective amendments. The estimated
average number of portfolios per filing
is one, both for initial registration
statements and post-effective
amendments on Form N–4.
Accordingly, the estimated number of
portfolios referenced in initial Form N–
4 filings annually is 35 and the
estimated number of portfolios
referenced in post-effective amendment
filings on Form N–4 annually is 1,326.
The estimate of the annual hour burden
for Form N–4 is approximately 278.5
hours per initial registration statement
and 197.25 hours per post-effective
amendment, for a total of 271,301 hours
((35 initial registration statements ×
278.5 hours) + (1,326 post-effective
amendments × 197.25 hours)).
The current estimated annual cost
burden for preparing an initial Form N–
4 filing is $24,858 per portfolio and the
current estimated annual cost burden
for preparing a post-effective
amendment filing on Form N–4 is
$23,561 per portfolio. The Commission
estimates that, on an annual basis, 35
portfolios will be referenced in initial
Form N–4 filings and 1,326 portfolios
will be referenced in post-effective
amendment filings on Form N–4. Thus,
the estimated total annual cost burden
allocated to Form N 4 would be
$32,111,916 ((35 × $24,858) + (1,326 ×
$23,561)).
Providing the information required by
Form N–4 is mandatory. Responses will
not be kept confidential. Estimates of
average burden hours are made solely
for the purposes of the Paperwork
Reduction Act, and are not derived from
a comprehensive or even a
representative survey or study of the
costs of Commission rules and forms.
An agency may not conduct or sponsor,
and a person is not required to respond
to, a collection of information unless it

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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 Charles Riddle, Acting Director/Chief
Information Officer, Securities and
Exchange Commission, C/O Candace
Kenner, 100 F Street NE, Washington,
DC 20549; or send an email to: PRA_
Mailbox@sec.gov.
Dated: October 29, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–23957 Filed 11–1–18; 8:45 am]
BILLING CODE 8011–01–P

SMALL BUSINESS ADMINISTRATION
[Docket No.: SBA–2018–0010]

Development Company Loan
Program—Job Creation and Retention
Requirements; Additional Areas for
Higher Portfolio Average
U.S. Small Business
Administration.
ACTION: Notification of changes to
Development Company Program;
request for comments.
AGENCY:

The Small Business
Administration (SBA) is changing the
job creation or retention requirements
under its Development Company Loan
Program (504 Loan Program) by
increasing the dollar amounts used in
calculating the number of jobs that must
be created or retained for each 504
Project and for the portfolio average of
each Certified Development Company.
In addition, SBA is designating
additional areas for application of the
higher portfolio average.
DATES: Applicability Date: The job
creation or retention requirements and
the designation of the additional areas
that are described in this document will
apply to all 504 loans that are approved
SUMMARY:

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