[Federal Register Volume 63, Number 2 (Monday, January 5, 1998)]
[Notices]
[Pages 275-276]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-42]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and
Exchange Commission, Office of Filings and Information Services,
Washington, DC 20549.
Rule 11Aa3-2 OMB Control No. 3235-new SEC File No. 270-439
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (44 U.S.C. 3401 et seq.), the Securities and Exchange
Commission (``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 approval.
Rule 11Aa3-2 Filing and Amendment of National Market
System Plans
Rule 11Aa3-2 provides that self-regulatory organizations (``SROs'')
may, acting jointly, file a national market system plan or may propose
an amendment to an effective national market system plan by submitting
the
[[Page 276]]
text of the plan or amendment to the Secretary of the Commission,
together with a statement of the purpose of such plan or amendment and,
to the extent applicable, the documents and information required by
Rule 11Aa3-2(b)(4) and (5). These record keeping requirements assist in
Commission with monitoring SROs, national market system plans, and
ensuring compliance with the rule.
There are nine SROs which are members of the Intermarket Trading
System (``ITS''), the Consolidated Tape Association (``CTA''), the
Consolidated Quote System (``CQS''), the Nasdaq Stock Market, Inc.,
(``Nasdaq''), or the Options Price Reporting Association (``OPRA'').
Only ITS, CTA, CQS, Nasdaq, or OPRA submit filings pursuant to Rule
11Aa3-2 and only after an agreement is reached among member SROs. The
staff estimates that there will be approximately six filings pursuant
to Rule 11Aa3-2 is 33 annually. The total burden is approximately 20
hours annually, based upon past submissions. The average cost per hour
is approximately $50. Therefore, the total cost of compliance for SROs
is $10,000.
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 shall
have practical utility; (b) the accuracy of the agency's estimates of
the burden of the proposed collection of information; (c) ways to
enhance the quality, utility, and clarity of the information to be
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 Michael E. Bartell,
Assocaited Executive Director, Office of Information Technology,
Securities and Exchange Commission, 450 5th Street, NW., Washington, DC
20549.
Dated: December 7, 1997.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-42 Filed 1-2-98; 8:45 am]
BILLING CODE 8010-01-M
