[Federal Register Volume 65, Number 2 (Tuesday, January 4, 2000)]
[Notices]
[Pages 310-311]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-73]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Request for Public Comment
Upon Written Request, Copies Available From: Securities and
Exchange Commission, Office of Filings and Information Services,
Washington, DC 20549.
Extension:
Rule 15g,-4, SEC File No. 270-347, OMB Control No. 3235-0393
Rule 15g-5, SEC File No. 270-348, OMB Control No. 3235-0394
Rule 17a-8, SEC File No. 270-53, OMB Control No. 3235-0092
Rule 17Ac2-1 and Form TA-1, SEC File No. 270-95, OMB Control No.
3235-0084
Rule 19d-2, SEC File No. 270-204, OMB Control No. 3235-0205
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'') is publishing the following summary of
collections for public comment. The Commission plans to submit these
existing collections of information of the Office of Management and
Budget for extension and approval.
Rule 15g-4 requires brokers and dealers effecting transactions in
penny stocks for or with customers to disclose the amount of
compensation received by the broker-dealer in connection with the
transaction. It is estimated that approximately 270 respondents incur
an average of 100 hours annually to comply with the rule.
Rule 15g-5 requires brokers and dealers to disclose to customers
the amount of compensation to be received by their sales agents in
connection with penny stock transactions. It is estimated that
approximately 270 respondents incur an average burden of 100 hours
annually to comply with the rule.
Rule 17a-8 requires brokers and dealers to make and keep certain
reports and records concerning their currency and monetary instrument
transactions. The requirements allow the Commission to ensure that
brokers and dealers are in compliance with the Currency and Foreign
Transactions Reporting Act of 1970 (``Bank Secrecy Act'') and with the
Department of the Treasury regulations under that Act. The reports and
records required under this rule initially are required under
Department of the Treasury regulations. Additional burden hours and
costs are not imposed by this rule.
Rule 17Ac2-1 is used by transfer agents to register with the
Commission, the Comptroller of the Currency, the Board of Governors of
the Federal Reserve System, or the Federal Deposit Insurance
Corporation, and to amend their registration. It is estimated that on
an annual basis, the Commission will receive approximately 250
applications for registration on Form TA-1 from transfer agents
required to register as such with the Commission. Included in this
figure are amendments made to Form TA-1 as required by Rule 17Ac2-1(c).
Based upon past submissions, the staff estimates that the average
number of hours necessary to comply with the requirements of Rule
17Ac2-1 is one and one-half hours, with a total burden of 375 hours.
Rule 19d-2 prescribes the form and content of applications to the
Commission by persons desiring stays of final disciplinary sanctions
and summary action of self-regulatory organizations (``SROs'') for
which the Commission is the appropriate regulatory agency. It is
estimated that approximately 30 respondents will utilize this
application procedure annually, with a total burden of 90 hours, based
upon past submissions. The staff estimates that the average number of
hours necessary to comply
[[Page 311]]
with the requirements of Rule 19d-2 is 3 hours.
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 estimate 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.
Direct written comments to Michael E. Bartell, Associate Executive
Director, Office of Information Technology, Securities and Exchange
Commission, 450 5th Street, N.W., Washington, DC 20549.
Dated: December 21, 1999.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 00-73 Filed 1-3-00; 8:45 am]
BILLING CODE 8010-01-M
