[Federal Register Volume 62, Number 62 (Tuesday, April 1, 1997)]
[Notices]
[Page 15548]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-8222]
=======================================================================
-----------------------------------------------------------------------
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.
Extension:
Rule 15g-3, SEC File No. 270-346, OMB Control No. 3235-0392
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 15g-6, SEC File No. 270-349, OMB Control No. 3235-0395
Rule 15g-7(a), SEC File No. 270-350, OMB Control No. 3235-0396
Rule 17Ac2-1 and Form TA-1, SEC File No. 270-95, OMB Control No.
3235-0084
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 extension on previously approved
collections of information:
Rule 15g-3 requires that brokers and dealers disclose to customers
current quotation prices or similar market information in connection
with transactions in certain low-priced, over-the-counter securities.
It is estimated that approximately 270 respondents incur an average
burden of 100 hours annually to comply with the rule.
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 15g-6 requires brokers and dealers that sell penny stocks to
their customers to provide monthly account statements containing
information with regard to the penny stocks held in customer accounts.
It is estimated that approximately 270 respondents incur an average
burden of 90 hours annually to comply with the rule.
Rule 15g-7(a) would require brokers and dealers that effect
transactions in penny stocks and are the only market makers with
respect to such securities to disclose this fact in connection with
such transactions. It is estimated that approximately 270 respondents
would incur an average burden of 50 hours annually to comply with the
rule.
Rule 17Ac2-1 and Form TA-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 approximately 359 respondents will incur an
average burden of 538.5 hours annually to comply with the rule and
form.
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, NW., Washington, DC 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, DC 20503.
Dated: March 24, 1997.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-8222 Filed 3-31-97; 8:45 am]
BILLING CODE 8010-01-M
