[Federal Register Volume 75, Number 130 (Thursday, July 8, 2010)]
[Notices]
[Page 39292]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-16546]
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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 Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Rule 19d-1; SEC File No. 270-242; OMB Control No. 3235-0206.
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 extension of the previously approved collection of
information provided for in Rule 19d-1 (17 CFR 240.19d-1)--Notices by
Self-Regulatory Organizations of Final Disciplinary Actions, Denials
Bars, or Limitations Respecting Membership, Association, or Access to
Services, and Summary Suspensions.
Rule 19d-1 (``Rule'') under the Securities Exchange Act of 1934 (17
U.S.C. 78a et seq.) prescribes the form and content of notices to be
filed with the Commission by self-regulatory organizations (``SROs'')
for which the Commission is the appropriate regulatory agency
concerning the following final SRO actions: (1) Disciplinary sanctions
(including summary suspensions); (2) denials of membership,
participation or association with a member; and (3) prohibitions or
limitations on access to SRO services.
The Rule enables the Commission to obtain reports from the SROs
containing information regarding SRO determinations to discipline
members or associated persons of members, deny membership or
participation or association with a member, and similar adjudicated
findings. The Rule requires that such actions be promptly reported to
the Commission. The Rule also requires that the reports and notices
supply sufficient information regarding the background, factual basis
and issues involved in the proceeding to enable the Commission: (1) To
determine whether the matter should be called up for review on the
Commission's own motion; and (2) to ascertain generally whether the SRO
has adequately carried out its responsibilities under the Exchange Act.
It is estimated that 10 respondents will utilize this application
procedure annually, with a total burden of 1,175 hours, based upon past
submissions. This figure is based on 10 respondents, spending
approximately 117.5 hours each per year. Each respondent submitted
approximately 235 responses. The staff estimates that the average
number of hours necessary to comply with the requirements of Rule 19d-1
for each submission is 0.5 hours. The average cost per hour, per each
submission is approximately $101. Therefore, the total cost of
compliance for all the respondents is $118,675. (10 respondents x 235
responses per respondent x .5 hrs per response x $101 per hour).
The filing of notices pursuant to the Rule is mandatory for the
SROs, but does not involve the collection of confidential information.
Rule 19d-1 does not have a record retention requirement.
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.
Comments should be directed to: (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 or send an e-mail to: [email protected] and (ii) Charles Boucher, Director/Chief Information
Officer, Securities and Exchange Commission, c/o Shirley Martinson,
6432 General Green Way, Alexandria VA 22312 or send an e-mail to: [email protected]. Comments must be submitted to OMB within 30 days of
this notice.
Dated: June 30, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-16546 Filed 7-7-10; 8:45 am]
BILLING CODE 8010-01-P