[Federal Register Volume 64, Number 178 (Wednesday, September 15, 1999)]
[Notices]
[Pages 50120-50121]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-23990]
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SECURITIES AND EXCHANGE COMMISSION
Requests Under Review by Office of Management and Budget
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) has submitted to the Office of Management and
Budget a request for approval of an extension of a collection of
information on the following rule: 17 CFR 240.10a-1.
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 mark 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
[[Page 50121]]
these responses for the purposes of calculating the reopening 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.
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) Deck 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, D.C. 20503; and (ii) Michael E. Bartell,
Associate Executive Director, Office of Information Technology,
Securities and Exchange Commission, 450 Fifth Street, N.W., Washington,
D.C. 20549. Comments must be submitted to OMB within 30 days of this
notice.
Dated: September 8, 1999.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-23990 Filed 9-14-99; 8:45 am]
BILLING CODE 8010-01-M
