8011-01P
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-269, OMB Control No. 3235-0276]
Proposed Collection; Comment Request; Extension: Rule 6c-7
Upon Written Request, Copies Available From
Securities and Exchange Commission
Office of FOIA Services
100 F Street, NE
Washington, DC 20549-2736

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.
Rule 6c-7 (17 CFR 270.6c-7) under the Investment Company Act of 1940 (15
U.S.C.
80a-1 et seq.) (“1940 Act”) provides exemption from certain provisions of Sections 22(e) and 27
of the 1940 Act for registered separate accounts offering variable annuity contracts to certain
employees of Texas institutions of higher education participating in the Texas Optional
Retirement Program. There are approximately 129 registrants governed by Rule 6c-7. The
burden of compliance with Rule 6c-7, in connection with the registrants obtaining from a
purchaser, prior to or at the time of purchase, a signed document acknowledging the restrictions
on redeemability imposed by Texas law, is estimated to be approximately 3 minutes of
professional time per response for each of approximately 5,900 purchasers annually (at an

estimated $84 per hour),1 for a total annual burden of 295 hours (at a total annual cost of
$24,780).
The estimate of average burden hours is made solely for the purposes of the Paperwork
Reduction Act, and is not derived from a comprehensive or even a representative survey or study
of the costs of Commission rules or forms. The Commission does not include in the estimate of
average burden hours the time preparing registration statements and sales literature disclosure
regarding the restrictions on redeem ability imposed by Texas law. The estimate of burden hours
for completing the relevant registration statements are reported on the separate PRA submissions
for those statements. (See the separate PRA submissions for Form N-3 (17 CFR 274.11b) and
Form N-4 (17 CFR 274.11c).)
Written comments are invited on: (a) whether the proposed collection of information is
necessary for the proper performance of the functions of the Commission, including whether the
information shall have practical utility; (b) the accuracy of the Commission'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 by
[INSERT DATE 60 DAYS AFTER DATE OF PUBLICATION IN THE FEDERAL
REGISTER].
An agency may not conduct or sponsor, and a person is not required to respond to, a
collection of information under the PRA unless it displays a currently valid OMB control
number.

$84/hour figure for a Compliance Clerk is based on the Commission’s estimates concerning the allocation of
burden hours and the relevant wage rates from the Commission’s consultations with industry representatives and
on salary information for the securities industry compiled by the Securities Industry and Financial Markets
Association’s Office Salaries in the Securities Industry 2013; the estimated wage figures are modified by
Commission staff to account for an 1800-hour work-year and multiplied by 2.93 to account for bonuses, firm size,
employee benefits, overhead, and adjusted to account for the effects of inflation; see Securities Industry and
Financial Markets Association, Report on Management & Professional Earnings in the Securities Industry 2013.

Please direct your written comments to: David Bottom, Chief Information Officer,
Securities and Exchange Commission, c/o John Pezzullo, 100 F Street, NE Washington, DC
20549 or send an e-mail to: PRA_Mailbox@sec.gov .
Dated: June 24, 2024.

Vanessa A. Countryman,
Secretary.

[FR Doc. 2024-14220 Filed: 6/27/2024 8:45 am; Publication Date: 6/28/2024]