[Federal Register Volume 64, Number 78 (Friday, April 23, 1999)]
[Notices]
[Page 20030]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-10196]
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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
Extension:
Rule 17a-3 [17 CFR 240.17a-3], SEC File No. 270-026, OMB Control
No. 3235-0033
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 (``OMB'') a request for extension of the previously approved
collection of information discussed below.
Rule 17a-3 [17 CFR 240.17a-3] under the Securities Exchange Act of
1934 requires records to be made by certain exchange members, brokers,
and dealers, to be used in monitoring compliance with the Commission's
financial responsibility program and antifraud and antimanipulation
rules as well as other rules and regulations of the Commission and the
self-regulatory organizations. It is estimated that approximately 7,900
active broker-dealer respondents registered with the Commission incur
an aggregate burden of 1,967,412 hours per year to comply with this
rule.\1\
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\1\ The Commission has increased its estimated number of active
broker-dealers to 7,900 from the 7,769 that was included in the 60-
day notice for the extension request. 64 FR 7915 (Feb. 17, 1999). In
addition, the number of burden hours listed above reflects an
adjustment for the increase in broker-dealers and an additional 312
hours required for OTC derivative dealers as discussed in Exchange
Act Rel. No. 39455 (Dec. 17, 1997), which was inadvertently omitted
from the 1,934,481 hours included in the 60-day notice for the
extension request.
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Rule 17a-3 does not contain record retention requirements.
Compliance with the rule is mandatory. The required records are
available only to the examination staff of the Commission and the self-
regulatory organization of which the broker-dealer is a member. 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 10102, New Executive Office
Building, Washington, DC 20503; and (ii) Michael E. Bartell, Associate
Executive Director, Office of Information Technology, Securities and
Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549.
Comments must be submitted to the Office of Management and Budget
within 30 days of this notice.
Dated: April 19, 1999.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-10196 Filed 4-22-99; 8:45 am]
BILLING CODE 8010-01-M
