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31550 Federal Register / Vol. 70, No.

104 / Wednesday, June 1, 2005 / Notices

to comments and suggestions submitted performance of the functions of the regarding fully registered broker-dealers
in writing within 60 days of this agency, including whether the and their registered personnel. It is
publication. information shall have practical utility; further estimated that 140 futures
Please direct your written comments (b) the accuracy of the agency’s commission merchants that are notice-
to R. Corey Booth, Chief Information estimates of the burden of the proposed registered broker-dealers annually will
Officer, Office of Information collection of information; (c) ways to incur an average burden of 15 minutes,
Technology, Securities and Exchange enhance the quality, utility, and clarity or 0.25 hours, to file for withdrawal on
Commission, 450 5th Street, NW., of the information to be collected; and Form BDW by sending the completed
Washington, DC 20549. (d) ways to minimize the burden of the Form BDW to the National Futures
Dated: May 13, 2005. collection of information on Association, which maintains
respondents, including through the use information regarding notice-registered
Margaret H. McFarland,
of automated collection techniques or broker-dealers on behalf of the
Deputy Secretary.
other forms of information technology. Commission. The annualized
[FR Doc. E5–2755 Filed 5–31–05; 8:45 am] compliance burden per year is 260
Consideration will be given to
BILLING CODE 8010–01–P
comments and suggestions submitted in hours [1,040 (900 fully registered
writing within 60 days of this broker-dealers + 140 notice-registered
publication. broker-dealers) × .25 = 260 hours]. The
SECURITIES AND EXCHANGE Please direct your written comments annualized cost to respondents,
COMMISSION to R. Corey Booth, Chief Information utilizing staff at an estimated cost of
Officer, Securities and Exchange $101 per hour, would be $26,260 (260
Proposed Collection; Comment
Commission, 450 5th Street, NW., × $101 = $26,260).
Request Written comments are invited on: (a)
Washington, DC 20549.
Upon Written Request, Copies Available Whether the proposed collection of
Dated: May 13, 2005.
From: Securities and Exchange information is necessary for the proper
Margaret H. McFarland, performance of the functions of the
Commission, Office of Filings and
Deputy Secretary. agency, including whether the
Information Services, Washington, DC
20549. [FR Doc. E5–2756 Filed 5–31–05; 8:45 am] information will have practical utility;
BILLING CODE 8010–01–P (b) the accuracy of the agency’s estimate
Extension:
Rule 17Ad–17; SEC File No. 270–412;
of the burden of the collection of
OMB Control No. 3235–0469. information; (c) ways to enhance the
SECURITIES AND EXCHANGE quality, utility, and clarity of the
Notice is hereby given that pursuant COMMISSION information collected; and (d) ways to
to the Paperwork Reduction Act of 1995 minimize the burden of the collection of
(44 U.S.C. 3501 et seq.), the Securities Proposed Collection; Comment information on respondents, including
and Exchange Commission Request through the use of automated collection
(‘‘Commission’’) is soliciting comments techniques or other forms of information
Upon Written Request, Copies Available
on the collection of information technology. Consideration will be given
From: Securities and Exchange
summarized below. The Commission to comments and suggestions submitted
Commission, Office of Filings and
plans to submit this existing collection in writing within 60 days of this
Information Services, Washington, DC
of information to the Office of publication.
20549.
Management and Budget for extension Please direct your written comments
and approval. Extension: to R. Corey Booth, Chief Information
• Rule 17Ad–17 Transfer Agents’ Form BDW, SEC File No. 270–17; OMB
Officer, Office of Information
Obligation to Search for Lost Control No. 3235–0018.
Technology, Securities and Exchange
Securityholders Notice is hereby given that pursuant Commission, 450 Fifth Street, NW.,
Rule 17Ad–17 requires approximately to the Paperwork Reduction Act of 1995 Washington, DC 20549.
825 registered transfer agents to conduct (44 U.S.C. 3501 et seq.) the Securities Dated: May 13, 2005.
searches using third party database and Exchange Commission
Margaret H. McFarland,
vendors to attempt to locate lost (‘‘Commission’’) is soliciting comments
on the collection of information Deputy Secretary.
securityholders. These recordkeeping
requirements assist the Commission and summarized below. The Commission [FR Doc. E5–2766 Filed 5–31–05; 8:45 am]
other regulatory agencies with plans to submit this existing collection BILLING CODE 8010–01–P

monitoring transfer agents and ensuring of information to the Office of


compliance with the rule. Management and Budget for extension
The staff estimates that the average and approval. SECURITIES AND EXCHANGE
number of hours necessary for each Fully registered broker-dealers and COMMISSION
transfer agent to comply with Rule notice-registered broker-dealers use Self-Regulatory Organizations; Notice
17Ad–17 is five hours annually. The Form BDW (17 CFR 249.501a) to of Application of Campbell Soup
total burden is 4,125 hours annually for withdraw from registration with the Company To Withdraw Its Common
all transfer agents. The cost of Commission, the self-regulatory Stock, $.0375 Par Value, From Listing
compliance for each individual transfer organizations, and the states. It is and Registration on the Philadelphia
agent depends on the number of lost estimated that approximately 900 fully Stock Exchange, Inc., File No. 1–03822
accounts at each transfer agent. Based registered broker-dealers annually will
on information received from transfer incur an average burden of 15 minutes, May 24, 2005.
agents, we estimate that the annual cost or 0.25 hours, to file for withdrawal on On May 3, 2005, Campbell Soup
industry wide is $3.3 million. Form BDW via the internet with Web Company, a New Jersey corporation
Written comments are invited on: (a) CRD, a computer system operated by the (‘‘Issuer’’), filed an application with the
Whether the proposed collection of National Association of Securities Securities and Exchange Commission
information is necessary for the proper Dealers, Inc. that maintains information (‘‘Commission’’), pursuant to Section

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Federal Register / Vol. 70, No. 104 / Wednesday, June 1, 2005 / Notices 31551

12(d) of the Securities Exchange Act of number should be included on the letters regarding the proposal.4 On
1934 (‘‘Act’’),1 and Rule 12d2–2(d) subject line if e-mail is used. To help us March 8, 2005, the MSRB filed a
thereunder,2 to withdraw its common process and review your comments response to the first two comment
stock, $.0375 par value (‘‘Security’’), more efficiently, please use only one letters and requested that the SEC make
from listing and registration on the method. The Commission will post all the proposed rule change effective 180
Philadelphia Stock Exchange, Inc. comments on the Commission’s Internet days after the proposed rule change is
(‘‘Phlx’’ or ‘‘Exchange’’). Web site (http://www.sec.gov/rules/ approved.5 On May 10, 2005, the MSRB
The Board of Directors (‘‘Board’’) of delist.shtml). Comments are also filed a response to the third comment
the Issuer approved resolutions on available for public inspection and letter from Fund Distributors and
March 24, 2005 to voluntarily withdraw copying in the Commission’s Public modified the MSRB’s request in the
the Security from listing on the Reference Room. All comments received First Response Letter regarding the
Exchange. The Board stated that among will be posted without change; we do effective date of the proposed rule
the reasons for its decision to withdraw not edit personal identifying change.6 This order approves the
the Security from Phlx were: (i) The information from submissions. You proposed rule change.
Issuer maintains the principal listing for should submit only information that The proposed rule change amends
the Security on the New York Stock you wish to make available publicly. MSRB Rule G–21 to establish specific
Exchange (‘‘NYSE’’); (ii) the The Commission, based on the standards applicable to advertisements
maintenance of multiple listings information submitted to it, will issue of municipal fund securities by dealers.
requires significant time and expense in an order granting the application after In its filing, the MSRB proposed an
ensuring compliance with the rules and the date mentioned above, unless the effective date for the proposed rule
disclosure requirements of both the Commission determines to order a change of the first calendar day of the
NYSE and the Phlx; and (iii) in the hearing on the matter. month beginning 90 or more calendar
judgment of the Board, the benefits of days after SEC approval.
For the Commission, by the Division of
continued listing on the Phlx are CSF’s Letter and ICI’s Letter generally
Market Regulation, pursuant to delegated
outweighed by the incremental cost and authority.4 supported the proposed amendments,
administrative burden of such listing. which would bring advertising rules for
Jonathan G. Katz,
The Issuer states in its application municipal fund securities more in line
Secretary.
that it has met the requirements of Phlx with the requirements of Rule 482
[FR Doc. E5–2749 Filed 5–31–05; 8:45 am] adopted by the SEC under the Securities
Rule 809 governing an issuer’s
voluntary withdrawal of a security from
BILLING CODE 8010–01–P Act of 1933, as amended.7 CSF’s Letter
listing and registration by providing the requested additional time to implement
required documents for withdrawal systems changes needed to comply with
SECURITIES AND EXCHANGE the proposal, and requested that there
from Phlx. The Issuer’s application COMMISSION
relates solely to the withdrawal of the be a 180-day transition period from the
Security from listing on the Phlx, and [Release No. 34–51736, File No. SR–MSRB– effective date of the proposal until the
shall not affect its continued listing on 2004–09] date of required compliance. ICI’s Letter
the NYSE or its obligation to be recommended that the proposed 90-day
Self-Regulatory Organizations; compliance period be extended to a
registered under Section 12(b) of the
Municipal Securities Rulemaking period of at least 210 days to
Act.3
Board; Order Approving Proposed accommodate the changes necessitated
Any interested person may, on or
Rule Change Relating to by the revised rule.
before June 15, 2005, comment on the
Advertisements of Municipal Fund In addition, ICI’s Letter noted that the
facts bearing upon whether the
Securities Under MSRB Rule G–21 MSRB has published for comment
application has been made in
related amendments to Rule G–21 that
accordance with the rules of Phlx, and May 24, 2005.
would supplement the proposed rule
what terms, if any, should be imposed On December 16, 2004, the Municipal change (the ‘‘additional draft
by the Commission for the protection of Securities Rulemaking Board (‘‘MSRB’’
investors. All comment letters may be or ‘‘Board’’), filed with the Securities 4 See e-mail letter from David Pearlman,
submitted by either of the following and Exchange Commission (‘‘SEC’’ or Chairman, College Savings Foundation (‘‘CSF’’), to
methods: ‘‘Commission’’), pursuant to Section rule-comments@sec.gov, dated January 14, 2005
19(b)(1) of the Securities Exchange Act (‘‘CSF’s Letter’’); letter to Jonathan G. Katz,
Electronic Comments Secretary, Commission, from Tamara K. Salmon,
of 1934 (‘‘Act’’),1 and Rule 19b–4 Senior Associate Counsel, Investment Company
• Use the Commission’s Internet thereunder,2 a proposed rule change Institute (‘‘ICI’’), dated January 19, 2005 (‘‘ICI’s
comment form (http://www.sec.gov/ amending MSRB Rule G–21, on Letter’’); and letter from Joseph J. Connolly, Eckert
rules/delist.shtml); or advertising, to establish specific Seamans Cherin & Mellott, LLC, on behalf of its
• Send an e-mail to rule- requirements with respect to
client PFM Fund Distributors, Inc. (‘‘Fund
Distributors’’), dated February 18, 2005 (‘‘Fund
comments@sec.gov. Please include the advertisements by brokers, dealers and Distributors’’ Letter’’).
File Number 1–03822 or; municipal securities dealers (‘‘dealers’’) 5 See letter from Ernesto A. Lanza, Senior

relating to municipal fund securities. Associate General Counsel, MSRB, to Martha M.


Paper Comments Haines, Chief, Office of Municipal Securities,
The proposed rule change was
• Send paper comments in triplicate Commission, dated March 8, 2005 (‘‘MSRB’s First
published for comment in the Federal Response Letter’’). The MSRB’s First Response
to Jonathan G. Katz, Secretary,
Register on December 30, 2004.3 The Letter does not respond to Fund Distributors’ Letter
Securities and Exchange Commission, because Fund Distributors’ Letter was received by
Commission received three comment
450 Fifth Street, NW, Washington, DC the Commission after the end of the comment
20549–0609. All submissions should period.
4 17
CFR 200.30–3(a)(1). 6 See letter from Ernesto A. Lanza, Senior
refer to File Number 1–03822. This file 1 15
U.S.C. 78s(b)(1). Associate General Counsel, MSRB, to Martha M.
2 17 CFR 240.19b–4. Haines, Chief, Office of Municipal Securities,
1 15 U.S.C. 78l(d). 3 See Securities Exchange Act Release No. 50919 Commission, dated May 4, 2005 (‘‘MSRB’s Second
2 17 CFR 240.12d2–2(d). Response Letter’’).
(December 22, 2004), 69 FR 78499 (December 30,
3 15 U.S.C. 78l(b). 2004). 7 15 U.S.C. 77a et seq.

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