[Federal Register Volume 75, Number 144 (Wednesday, July 28, 2010)]
[Notices]
[Pages 44293-44294]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-18444]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Rule 17a-7; SEC File No. 270-147; OMB Control No. 3235-0131.
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 17a-7 (17 CFR 240.17a-7) under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) (``Exchange Act'') requires non-resident
broker-dealers registered or applying for registration pursuant to
Section 15 of the Exchange Act to maintain--in the United States--
complete and current copies of books and records required to be
maintained under any rule adopted under the Exchange Act.
Alternatively, Rule 17a-7 provides non-resident broker-dealers may sign
written undertakings to furnish the requisite books and records to the
Commission upon demand.
There are approximately 63 non-resident brokers and dealers. Based
on the Commission's experience in this area, it is estimated that the
average amount of time necessary to preserve the books and records
required by Rule 17a-7 is one hour per year. Accordingly, the total
burden is 63 hours per year. With an average cost per hour of
approximately $294, the total cost of compliance for the respondents is
approximately $18,522 per year.
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 Commission's estimate
of the burden of the proposed collection of information; (c) ways to
[[Page 44294]]
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 within 60 days of this publication.
Comments should be directed to: Charles Boucher, Director/Chief
Information Officer, Securities and Exchange Commission, c/o Shirley
Martinson, 6432 General Green Way, Alexandria, Virginia 22312, or send
an e-mail to: [email protected].
Dated: July 21, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-18444 Filed 7-27-10; 8:45 am]
BILLING CODE 8010-01-P