[Federal Register Volume 75, Number 181 (Monday, September 20, 2010)]
[Notices]
[Pages 57306-57307]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-23410]
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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 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 to the Office of Management
and Budget a request for approval of extension of the previously
approved collection of information provided for in Rule 17a-1 (17 CFR
240.17a-1) under the Securities Exchange Act of 1934, as amended (the
``Act'') (15 U.S.C. 78a et seq.).
Rule 17a-1 requires that every national securities exchange,
national securities association, registered clearing agency, and the
Municipal Securities Rulemaking Board keep on file for a period of not
less than five years, the first two years in an easily accessible
place, at least one copy of all documents, including all
correspondence, memoranda, papers, books, notices, accounts, and other
such records made or received by it in the course of its business as
such and in the conduct of its self-regulatory activity, and that such
documents be available for examination by the Commission.
There are 22 entities required to comply with the rule: 14 national
securities exchanges, 1 national securities association, 6 registered
clearing agencies, and the Municipal Securities Rulemaking Board. The
Commission staff estimates that the average number of hours necessary
for compliance with the requirements of Rule 17a-1 is 50 hours per
year. In addition, 4 national securities exchanges notice-registered
pursuant to Section 6(g) of the Act (15 U.S.C. 78f(g)) are required to
preserve records of determinations made under Rule 3a55-1 under the Act
(17 CFR 240.3a55-1), which the Commission staff estimates will take 1
hour per exchange, for a total of 4 hours. Accordingly, the Commission
staff estimates that the total number of hours necessary to comply with
the requirements of Rule 17a-1 is 1,104 hours. The average cost per
hour is $59. Therefore, the total cost of compliance for the
respondents is $65,136.
Compliance with Rule 17a-1 is mandatory. Rule 17a-1 does not assure
confidentiality for the records maintained pursuant to the rule. The
records required by Rule 17a-1 are available only for examination by
the Commission staff, state securities authorities and the self-
regulatory organizations. Subject to the provisions of the Freedom of
Information Act, 5 U.S.C. 522, and the Commission's rules thereunder
(17 CFR 200.80(b)(4)(iii)), the Commission does not generally publish
or make available information contained in any reports, summaries,
analyses, letters, or memoranda arising out of, in anticipation of, or
in connection with an examination or inspection of the books and
records of any person or any other investigation.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information
[[Page 57307]]
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 by sending an e-mail to: [email protected]; and (ii) Charles Boucher, Director/Chief Information
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon,
6432 General Green Way, Alexandria, VA 22312 or send an e-mail to:
[email protected]. Comments must be submitted within 30 days of this
notice.
September 14, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-23410 Filed 9-17-10; 8:45 am]
BILLING CODE 8010-01-P