[Federal Register Volume 63, Number 138 (Monday, July 20, 1998)]
[Notices]
[Page 38865]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-19183]
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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 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'') has submitted for extension of OMB approval the
following rules:
Rule 15a-4 (17 CFR 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 imposed by Rule 15a-4 is 240 hours, based on
approximately 30 submissions, each requiring 8 hours to complete.
Completing and filing Form BD is mandatory in order for a broker-
dealer to obtain the 45-day extension under Rule 15a-4 and does not
involve the collection of confidential information.
Rule 17a-1 (17 CFR 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.
Completing the requirements under Rule 17a-1, are mandatory, and
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.
General comments regarding the estimated burden hours 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, 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 OMB within 30 days of this notice.
Dated: July 13, 1998.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-19183 Filed 7-17-98; 8:45 am]
BILLING CODE 8010-01-M
