[Federal Register Volume 64, Number 132 (Monday, July 12, 1999)]
[Notices]
[Page 37578]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-17623]
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NUCLEAR REGULATORY COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Request for Public Comment
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549
Extension:
Rule 10a-1, SEC File No. 270-413, OMB Control No. 3235-0475
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 soliciting comments on the collection of
information summarized below. The Commission plans to submit this
existing collection of information to the Office of Management and
Budget for extension and approval.
Rule 10a-1 (17 CFR 240.10a-1) under the Securities Exchange Act of
1934 (Exchange Act) is designed to limit short selling of a security in
a declining market by requiring, in effect, that each successive lower
price be established by a long seller. The price at which short sales
may be effected is established by reference to the last sale price
reported in the consolidated system or on a particular marketplace.
Rule 10a-1 requires each broker or dealer that effects any sell order
for a security registered on, or admitted to unlisted trading
privileges on, a national securities exchange to market the relevant
order ticket either ``long'' or ``short.''
There are approximately 1,500 brokers and dealers registered with
the national securities exchanges. The Commission has considered each
of these respondents for the purposes of calculating the reporting
burden under Rule 10a-1. Each of these approximately 1,500 registered
broker-dealers effects sell orders for securities registered on or
admitted to unlisted trading privileges on, a national securities
exchange. In addition, each respondent makes an estimated 60,933 annual
responses, for an aggregate total of 91,400,000 responses per year.
Each response takes approximately .000139 hours
(.5 seconds) to complete. Thus, the total compliance burden per year is
12,705 burden hours.
Written comments are invited on: (a) whether the existing
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information
continues to have practical utility; (b) the accuracy of the agency's
estimate of the burden of the existing collection of information; (c)
ways to enhance the quality, utility, and clarity of the information
being 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 within 60 days of this publication.
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: June 30, 1999.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-17623 Filed 7-9-99; 8:45 am]
BILLING CODE 8010-01-M
