[Federal Register Volume 63, Number 91 (Tuesday, May 12, 1998)]
[Notices]
[Page 26222]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-12553]
[[Page 26222]]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon written request, copies available from: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549.
Extension:
Rule 15a-4, SEC File No. 270-7, OMB Control No. 3235-0010.
Rule 17a-1, SEC File No. 270-244, OMB Control No. 3235-0208.
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.
Rule 15a-4 (17 C.F.R. Sec. 240.15a-4) under the Securities Exchange
Act of 1934 (15 U.S.C. 78a et seq.) permits a natural person who is a
member of a securities exchange and who terminates its association with
a registered broker-dealer to continue to do business on the exchange
while the Commission reviews his application for registration as a
broker-dealer, if the exchange files a statement indicating that there
does not appear to be any ground for disapproving the application. The
total annual burden is 240 hours, based on approximately 30
submissions, each requiring 8 hours to complete.
Rule 17a-1 (17 C.F.R. Sec. 240.17a-1) under the Securities Exchange
Act of 1934 (15 U.S.C. 78a et seq.) requires that all national
securities exchanges, national securities associations, registered
clearing agencies, and the Municipal Securities Rulemaking Board keep
on file for a period of five years, two years in an accessible place,
all documents which it makes or receives respecting its self-regulatory
activities, and that such documents be available for examination by the
Commission. The average number of hours necessary for compliance with
the requirements of Rule 17a-1 is 50 hours per year. There are 26
entities required to comply with the rule: 8 national securities
exchanges, 1 national securities association, 16 registered clearing
agencies, and the Municipal Securities Rulemaking Board. The total
number of hours required for all respondents to comply with the rule is
thus 1,300 hours annually.
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 on or before July 13, 1998.
Direct your written comments to Michael E. Bartell, Associate
Executive Director, Office of Information Technology, Securities and
Exchange Commission, 450 5th Street NW., Washington, DC 20549.
Dated: May 5, 1998.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-12553 Filed 5-11-98; 8:45 am]
BILLING CODE 8010-01-M
