Proposed Collection; Comment Request, 40557-40558 [E6-11232]
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Federal Register / Vol. 71, No. 136 / Monday, July 17, 2006 / Notices
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records maintained under Rule 17a–1, if
they have filed a record destruction plan
with the Commission and the
Commission has declared such plan
effective.
There are currently 22 SROs: 10
national securities exchanges, 1 national
securities association, 10 registered
clearing agencies, and the Municipal
Securities Rulemaking Board. These
respondents file no more than one
record destruction plan per year, which
requires approximately 160 hours for
each new plan. However, the
Commission is discounting that figure
given its experience to date with the
number of plans that have been filed.
Further, any existing SRO record
destructions plan may require revision,
over time, in response to, for example,
changes in document retention
technology, which the Commission
estimates will take much less than the
160 hours estimated for a new plan.
Thus, the total annual compliance
burden is estimated to be 60 hours,
based on an estimated two respondents
per year. The approximate cost per hour
is $250, resulting in a total cost of
compliance for these respondents of
$15,000 per year (60 hours @ $250 per
hour).
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.
General comments regarding the
estimated burden hours should be
directed to the following persons: (i)
The 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
David_Rostker@omb.eop.gov and (ii) R.
Corey Booth, Director/Chief Information
Officer, Securities and Exchange
Commission, c/o Shirley Martinson,
6432 General Green Way, Alexandria,
VA 22312 or by sending an e-mail to
PRA_Mailbox@sec.gov. Comments must
be submitted within 30 days of this
notice.
Dated: July 10, 2006.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E6–11230 Filed 7–14–06; 8:45 am]
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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 Filings and
Information Services, Washington, DC
20549.
Extension:
Rule 489 and Form F–N; SEC File No. 270–
361; OMB Control No. 3235–0411.
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
requests for extension of the previously
approved collections of information
discussed below:
• Rule 489 (17 CFR 230.489) under
the Securities Act of 1933 (15 U.S.C. 77a
et seq.), Filing of Form by Foreign Banks
and Insurance Companies and Certain of
Their Holding Companies and Finance
Subsidiaries; and Form F–N,
Appointment of Agent for Service of
Process by Foreign Banks and Foreign
Insurance Companies and Certain of
Their Holding Companies and Finance
Subsidiaries Making Public Offerings of
Securities in the United States
Rule 489 (17 CFR 230.489) under the
Securities Act of 1933 (15 U.S.C. 77a et
seq.) requires foreign banks and foreign
insurance companies and holding
companies and finance subsidiaries of
foreign banks and foreign insurance
companies that are exempted from the
definition of ‘‘investment company’’ by
virtue of Rules 3a–1, 3a–5, and 3a–6
under the Investment Company Act of
1940 (15 U.S.C. 80a–1 et seq.) to file
Form F–N under the Securities Act of
1933 to appoint an agent for service of
process when making a public offering
of securities in the United States.
Approximately seven entities are
required by Rule 489 to file Form F–N,
which is estimated to require an average
of one hour to complete. The estimated
annual burden of complying with the
rule’s filing requirement is
approximately eleven hours, as some of
the entities submitted multiple filings.
The estimates of average burden hours
are made solely for the purposes of the
Paperwork Reduction Act of 1995 (44
U.S.C. 3501 et seq.) and are not derived
from a comprehensive or even
representative survey or study of the
cost of Commission rules and forms.
The collection of information under
Form F–N is mandatory. The
information provided by the Form is not
kept confidential. An agency may not
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40557
conduct or sponsor, and a person is not
required to respond to, a collection of
information unless it displays a
currently valid control number.
General comments regarding the
above information should be directed to
the following persons: (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 e-mail to:
David_Rostker@omb.eop.gov; and (ii) R.
Corey Booth, 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:
PRA_Mailbox@sec.gov. Comments must
be submitted to OMB within 30 days of
this notice.
Dated: July 10, 2006.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E6–11231 Filed 7–14–06; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon written request, copies available
from: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension:
Rule 17a–25; SEC File No. 270–482; OMB
Control No. 3235–0540.
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–25 (17 CFR 240.17a–25)
requires registered broker-dealers to
electronically submit securities
transaction information, including
identifiers for prime brokerage
arrangements, average price accounts,
and depository institutions, in a
standardized format when requested by
the Commission staff. In addition, the
rule also requires broker-dealers to
submit, and keep current, contact
person information for electronic blue
sheets (‘‘EBS’’) requests. The
Commission uses the information for
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Federal Register / Vol. 71, No. 136 / Monday, July 17, 2006 / Notices
rwilkins on PROD1PC63 with NOTICES
enforcement inquiries or investigations
and trading reconstructions, as well as
for inspections and examinations.
The Commission estimates that it
sends approximately 27,000 electronic
blue sheet requests per year.
Accordingly, the annual aggregate hour
burden for electronic and manual
response firms is estimated to be 3,564
hours and 405 hours, respectively. In
addition, the Commission estimates that
it will request 1,400 broker-dealers to
supply the contact information
identified in Rule 17a–25(c) and
estimates the total aggregate burden
hours to be 350. Thus, the annual
aggregate burden for all respondents to
the collection of information
requirements of Rule 17a–25 is
estimated at 4,319 hours.
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 agency’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.
Comments should be directed to (i)
the 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:
David_Rostker@omb.eop.gov; and (ii) R.
Corey Booth, Director/Chief Information
Office, Securities and Exchange
Commission, C/O Shirley Martinson,
6432 General Green Way, Alexandria,
Virginia 22312 or send an e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted to OMB within 60 days of
this notice.
Dated: July 10, 2006.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E6–11232 Filed 7–14–06; 8:45 am]
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SECURITIES AND EXCHANGE
COMMISSION
. . . Interpretations and Policies:
[Release No. 34–54123; File No. SR–CBOE–
2006–65]
*
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Permit the Listing and
Trading of Quarterly Options Series
July 11, 2006.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2
notice is hereby given that on July 10,
2006, the Chicago Board Options
Exchange, Incorporated (‘‘Exchange’’ or
‘‘CBOE’’) filed with the Securities and
Exchange Commission (‘‘Commission’’)
the proposed rule change as described
in Items I and II below, which Items
have been substantially prepared by the
Exchange. CBOE has designated this
proposal as non-controversial under
Section 19(b)(3)(A)(iii) of the Act 3 and
Rule 19b–4(f)(6) thereunder,4 which
renders the proposed rule change
effective upon filing with the
Commission. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend its
rules to permit the listing and trading of
quarterly options series.5 The text of the
proposed rule change is set forth below.
Proposed new language is in italics.
*
*
*
*
*
Rule 1.1. Definitions. When used in
these Rules, unless the context
otherwise requires:
(a)–(bbb) No Change.
Quarterly Options Series.
(ccc) Quarterly Option Series. A
Quarterly Option Series is a series in an
options class that is approved for listing
and trading on the Exchange in which
the series is opened for trading on any
business day and that expires at the
close of business on the last business
day of a calendar quarter.
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(iii).
4 17 CFR 240.19b–4(f)(6).
5 This proposal is substantially identical to a
recently approved proposal by the International
Securities Exchange (‘‘ISE’’) to list Quarterly
Options Series on a pilot basis. See Securities
Exchange Act Releases No. 53857 (May 24, 2006),
71 FR 31246 (June 1, 2006) (notice of filing); and
54113 (July 7, 2006) (approval order).
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1 15
2 17
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.01–.05 No Change.
*
*
*
*
Rule 5.5. Option Contracts Open for
Trading
(a) After a particular class of options
(call option contracts or put option
contracts relating to a specific
underlying security or calculated index)
has been approved for listing and
trading on the Exchange, the Exchange
from time to time may open for trading
series of options on that class. Only
options contracts of series currently
open for trading may be purchased or
written on the Exchange. Prior to the
opening of trading in a given series, the
Exchange will fix the expiration month,
year and exercise price of that series.
For Short Term Option Series, the
Exchange will fix a specific expiration
date and exercise price, as provided in
paragraph (d). For Quarterly Options
Series the Exchange will fix a specific
expiration date and exercise price, as
provided in paragraph (e).
(b) Except for Short Term Option
series and Quarterly Options Series, at
the commencement of trading on the
Exchange of a particular class of
options, the Exchange usually will open
three series of options for each
expiration month in that class. The
exercise price of each series will be
fixed at a price per share, with at least
one strike price above and one strike
price below the price at which the
underlying stock is traded in the
primary market at about the time that
class of options is first opened for
trading on the Exchange. Paragraph (d)
will govern the procedures for opening
Short Term Option Series. Paragraph (e)
will govern the procedures for opening
Quarterly Options Series.
(c)–(d) No Change.
(e) Quarterly Option Series Pilot
Program. For a one-year pilot period,
the Exchange may list and trade options
series that expire at the close of business
on the last business day of a calendar
quarter (‘‘Quarterly Options Series’’).
The Exchange may list Quarterly
Options Series for up to five (5)
currently listed options classes that are
either index options or options on
exchange traded funds. In addition, the
Exchange may also list Quarterly
Options Series on any options classes
that are selected by other securities
exchanges that employ a similar pilot
program under their respective rules.
The one-year pilot will commence either
the day the Exchange first initiates
trading in a Quarterly Options Series or
July 24, 2006, whichever is earlier.
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[Federal Register Volume 71, Number 136 (Monday, July 17, 2006)]
[Notices]
[Pages 40557-40558]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-11232]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon written request, copies available from: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549.
Extension:
Rule 17a-25; SEC File No. 270-482; OMB Control No. 3235-0540.
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-25 (17 CFR 240.17a-25) requires registered broker-dealers
to electronically submit securities transaction information, including
identifiers for prime brokerage arrangements, average price accounts,
and depository institutions, in a standardized format when requested by
the Commission staff. In addition, the rule also requires broker-
dealers to submit, and keep current, contact person information for
electronic blue sheets (``EBS'') requests. The Commission uses the
information for
[[Page 40558]]
enforcement inquiries or investigations and trading reconstructions, as
well as for inspections and examinations.
The Commission estimates that it sends approximately 27,000
electronic blue sheet requests per year. Accordingly, the annual
aggregate hour burden for electronic and manual response firms is
estimated to be 3,564 hours and 405 hours, respectively. In addition,
the Commission estimates that it will request 1,400 broker-dealers to
supply the contact information identified in Rule 17a-25(c) and
estimates the total aggregate burden hours to be 350. Thus, the annual
aggregate burden for all respondents to the collection of information
requirements of Rule 17a-25 is estimated at 4,319 hours.
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 agency'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.
Comments should be directed to (i) the 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: David--Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director/
Chief Information Office, Securities and Exchange Commission, C/O
Shirley Martinson, 6432 General Green Way, Alexandria, Virginia 22312
or send an e-mail to: PRA--Mailbox@sec.gov. Comments must be submitted
to OMB within 60 days of this notice.
Dated: July 10, 2006.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E6-11232 Filed 7-14-06; 8:45 am]
BILLING CODE 8010-01-P
