[Federal Register Volume 61, Number 215 (Tuesday, November 5, 1996)]
[Notices]
[Pages 56979-56980]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-28312]
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SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon Written Request, Copies Available From Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549.
Revision
Rule 17a-3--SEC File No. 270-26--OMB Control No. 3235-0033.
Rule 17a-4--SEC File No. 270-198--OMB Control No. 3235-0279.
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'') has submitted to the Office of Management
and Budget requests for approval of revisions on previously approved
collections of information:
Rule 17a-3 requires exchange members, broker and dealers to make
and keep current certain records relating to a broker's or dealer's
financial
[[Page 56980]]
condition as well as records reflecting certain employee and principal
information. It is estimated that approximately 8,500 respondents will
comply with this rule for a total annual burden of 2,542,163 hours.
Rule 17a-4 requires exchange members, brokers and dealers to
preserve for prescribed periods of time certain records required to be
made by Rule 17a-3. In addition, Rule 17a-4 requires the preservation
of records required to be made by other Commission rules and other
kinds of records which firms make or receive in the ordinary course of
business. These include, but are not limited to, bank statements,
cancelled checks, bills receivable and payable, originals of
communications, and descriptions of various transactions. It is
estimated that approximately 8,500 respondents will comply with this
rule for a total annual burden of 2,158,830 hours.
General comments regarding the estimated burden hours should be
directed to the Desk Officer for the Securities and Exchange Commission
at the address below. Any comments concerning the accuracy of the
estimated average burden hours for compliance with Commission rules and
forms should be directed to Michael E. Bartell, Associate Executive
Director, Office of Information Technology, Securities and Exchange
Commission, 450 Fifth Street, N.W., Washington, D.C. 20549, and Desk
Officer for the Securities and Exchange Commission, Office of
Information and Regulatory Affairs, Office of Management and Budget,
Room 3208, New Executive Office Building, Washington, D.C. 20503.
Dated: October 24, 1996.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-28312 Filed 11-4-96; 8:45 am]
BILLING CODE 8010-01-M
