[Federal Register Volume 75, Number 54 (Monday, March 22, 2010)]
[Notices]
[Page 13613]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-6118]
-----------------------------------------------------------------------
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 15a-4; SEC File No. 270-7; OMB Control No. 3235-0010.
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 15a-4 (17 CFR 240.15a-4) under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) (the ``Exchange Act'') permits a natural
person member of a securities exchange who terminates his or her
association with a registered broker-dealer to continue to transact
business on the exchange while the Commission reviews his or her
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 hourly burden imposed by
Rule 15a-4 is approximately 42 hours, based on approximately 10
responses (10 Respondents x 1 Response/Respondent), each requiring
approximately 4.23 hours to complete.
The Commission uses the information disclosed by applicants in Form
BD: (1) To determine whether the applicant meets the standards for
registration set forth in the provisions of the Exchange Act; (2) to
develop a central information resource where members of the public may
obtain relevant, up-to-date information about broker-dealers, municipal
securities dealers and government securities broker-dealers, and where
the Commission, other regulators and SROs may obtain information for
investigatory purposes in connection with securities litigation; and
(3) to develop statistical information about broker-dealers, municipal
securities dealers and government securities broker-dealers. Without
the information disclosed in Form BD, the Commission could not
effectively implement policy objectives of the Exchange Act with
respect to its investor protection function.
The statement submitted by the exchange assures the Commission that
the applicant, in the opinion of the exchange, is qualified to transact
business on the exchange during the time that the applications are
reviewed.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, 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 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.
Please direct your written comments 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: March 12, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-6118 Filed 3-19-10; 8:45 am]
BILLING CODE 8011-01-P