[Federal Register Volume 63, Number 36 (Tuesday, February 24, 1998)]
[Notices]
[Page 9273]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-4574]
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SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Rule 11Aa3-2; OMB Control No. 3235-new; SEC File No. 270-439.
Upon written request, copies available from: Securities and
Exchange Commission, Office of Filings and Information Services,
Washington, DC 20549.
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 a
request for approval of the information collection discussed below.
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 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
the 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, and 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 each year. The staff also estimates that the average
number of hours necessary for compliance with the Rule 11Aa3-2 is 33
annually. The total burden is 200 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.
This rule does not require the SROs to maintain any records or
submit filings. Instead, it merely sets forth procedures SROs must
follow if they choose to file or amend NMS plans. Therefore, compliance
with this rule is voluntary. Further, this rule does not involve the
collection of confidential information. Please note that an agency may
not conduct or sponsor, and a person is not required to respond to, a
collection of information unless it displays a currently valid control
number.
Written comments regarding the above information should be directed
to the following persons: (i) 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; and (ii) Michael E. Bartell,
Associate Executive Director, Office of Information Technology,
Securities and Exchange Commission, 450 Fifth Street, N.W., Washington,
D.C. 20549. Comments must be submitted to OMB within 30 days of this
notice.
Dated: February 17, 1998.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-4574 Filed 2-23-98; 8:45 am]
BILLING CODE 8010-01-M
