Submission for OMB Review; Comment Request, 44728 [E6-12698]
Download as PDF
<![CDATA[
44728
Federal Register / Vol. 71, No. 151 / Monday, August 7, 2006 / Notices
We estimate that 1,000 new entities
will register in the Program each year.
The staff estimates that the average
number of hours necessary to comply
with the Rule 17f–1(b) is one-half hour.
The total burden is therefore 500 hours
(1,000 times one-half) annually for all
participants.
Rule 17f–1(b) is a registration
obligation only. Registering under rule
17f–1(b) is mandatory to obtain the
benefit of a central database that stores
information about missing, lost,
counterfeit, or stolen securities for the
Program. Reporting institutions required
to register under rule 17f-1(b) will not
be kept confidential; however, the
Program database will be kept
confidential. Please note that 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 (1)
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,
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 31, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6–12696 Filed 8–4–06; 8:45 am]
BILLING CODE 8010–01–P
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.
sroberts on PROD1PC70 with NOTICES
Extension: Rule 202(a)(11)–1; SEC File No.
270–471; OMB Control No. 3235–0532.
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
(‘‘OMB’’) a request for extension of the
VerDate Aug<31>2005
17:19 Aug 04, 2006
Jkt 208001
previously approved collection of
information discussed below.
The title for the collection of
information is ‘‘Certain Broker-Dealers
Deemed Not To Be Investment
Advisers.’’ Rule 202(a)(11)–1 (17 CFR
275.202(a)(11)–1) under the Investment
Advisers Act of 1940 (15 U.S.C. 80b–1
et seq.) (‘‘Advisers Act’’) addresses the
application of the Advisers Act to
broker-dealers offering accounts
charging an asset-based fee. The rule is
intended to clarify when brokers
offering these programs are subject to
the provisions of the Advisers Act. The
rule requires that all advertisements for
brokerage accounts charging an assetbased fee and all agreements and
contracts governing the operation of
those accounts contain a certain
prominent statement that the accounts
are brokerage accounts and not advisory
accounts. This collection of information
is necessary so that customers are not
confused with respect to the services
that they are receiving, i.e., to prevent
customers and prospective customers
from mistakenly believing that the
account is an advisory account subject
to the Advisers Act. The collection
assists customers in making informed
decisions regarding whether to establish
accounts.
The respondents to this collection of
information are all broker-dealers that
are registered with the Commission. The
Commission has estimated that the
average annual burden for ensuring
compliance with the disclosure element
of the rule is 5 minutes per brokerdealer taking advantage of the rule. If all
of the approximately 6,158 brokerdealers registered with the Commission
took advantage of the rule, the total
estimated annual burden would be 511
hours (.083 hours × 6,158 brokers).
The rule imposes no additional
requirements regarding record retention.
The collection of information
requirements under the rule are
mandatory. Any information received
by the Commission related to the rule
would be kept confidential, subject to
the provisions of the Freedom of
Information Act, 5 U.S.C. 552. 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
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:
PO 00000
Frm 00124
Fmt 4703
Sfmt 4703
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 31, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6–12698 Filed 8–4–06; 8:45 am]
BILLING CODE 8010–01–P
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 17f–1(c) and Form X–17F–
1A; SEC File No. 270–29; OMB Control
No. 3235–0037.
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
discussed below.
• Rule 17f–1(c) and Form X–17F–1A:
Reporting of missing, lost, stolen, or
counterfeit securities.
Rule 17f–1(c) (17 CFR 240.17f–1(c))
under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) (the ‘‘Act’’)
requires approximately 26,000 entities
in the securities industry to report lost,
stolen, missing, or counterfeit securities
certificates to the Commission or its
designee, to a registered transfer agent
for the issue, and, when criminal
activity is suspected, to the Federal
Bureau of Investigation. Such entities
are required to use Form X–17F–1A (17
CFR 249.100) to make such reports.
Filing these reports fulfills a statutory
requirement that reporting institutions
report and inquire about missing, lost,
counterfeit, or stolen securities. Since
these reports are compiled in a central
database, the rule facilitates reporting
institutions to access the database that
stores information for the Lost and
Stolen Securities Program.
We estimate that 26,000 reporting
institutions will report that securities
certificates are either missing, lost,
counterfeit, or stolen annually and that
E:\FR\FM\07AUN1.SGM
07AUN1
]]>Agencies
[Federal Register Volume 71, Number 151 (Monday, August 7, 2006)]
[Notices]
[Page 44728]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-12698]
-----------------------------------------------------------------------
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 202(a)(11)-1; SEC File No. 270-471; OMB Control No.
3235-0532.
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 (``OMB'') a request for extension of the previously approved
collection of information discussed below.
The title for the collection of information is ``Certain Broker-
Dealers Deemed Not To Be Investment Advisers.'' Rule 202(a)(11)-1 (17
CFR 275.202(a)(11)-1) under the Investment Advisers Act of 1940 (15
U.S.C. 80b-1 et seq.) (``Advisers Act'') addresses the application of
the Advisers Act to broker-dealers offering accounts charging an asset-
based fee. The rule is intended to clarify when brokers offering these
programs are subject to the provisions of the Advisers Act. The rule
requires that all advertisements for brokerage accounts charging an
asset-based fee and all agreements and contracts governing the
operation of those accounts contain a certain prominent statement that
the accounts are brokerage accounts and not advisory accounts. This
collection of information is necessary so that customers are not
confused with respect to the services that they are receiving, i.e., to
prevent customers and prospective customers from mistakenly believing
that the account is an advisory account subject to the Advisers Act.
The collection assists customers in making informed decisions regarding
whether to establish accounts.
The respondents to this collection of information are all broker-
dealers that are registered with the Commission. The Commission has
estimated that the average annual burden for ensuring compliance with
the disclosure element of the rule is 5 minutes per broker-dealer
taking advantage of the rule. If all of the approximately 6,158 broker-
dealers registered with the Commission took advantage of the rule, the
total estimated annual burden would be 511 hours (.083 hours x 6,158
brokers).
The rule imposes no additional requirements regarding record
retention. The collection of information requirements under the rule
are mandatory. Any information received by the Commission related to
the rule would be kept confidential, subject to the provisions of the
Freedom of Information Act, 5 U.S.C. 552. 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 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 31, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-12698 Filed 8-4-06; 8:45 am]
BILLING CODE 8010-01-P
