Proposed Collection; Comment Request, 50108 [E6-14023]
Download as PDF
<![CDATA[
50108
Federal Register / Vol. 71, No. 164 / Thursday, August 24, 2006 / Notices
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.
Comments should be directed to: 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 within 60 days of this
notice.
Dated: August 15, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E6–14021 Filed 8–23–06; 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.
rmajette on PROD1PC67 with NOTICES1
Extension: Rule 15c3–1; SEC File No. 270–
197; OMB Control No. 3235–0200.
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 15c3–1 (17 CFR 240.15c3–1)
under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) requires
brokers and dealers to have at all times
sufficient liquid assets to meet their
current liabilities, particularly the
claims of customers. The rule facilitates
monitoring the financial condition of
brokers and dealers by the Commission
and the various self-regulatory
organizations. It is estimated that
approximately 6,100 active brokerdealer respondents registered with the
Commission incur an aggregate burden
of 88,181 hours per year to comply with
this rule. Finally, the estimated cost for
the annual hour burden for Rule 15c3–
1 is approximately $22.7 million.
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
VerDate Aug<31>2005
15:15 Aug 23, 2006
Jkt 208001
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: 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 60 days of
this notice.
Dated: August 16, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E6–14022 Filed 8–23–06; 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 17Ad–15; SEC File No. 270–
360; OMB Control No. 3235–0409.
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 17Ad–15—Signature Guarantees
Rule 17Ad–15 (17 CFR 240.17Ad–15)
under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) (the ‘‘Act’’)
requires approximately 760 transfer
agents to establish written standards for
the acceptance or rejection of guarantees
of securities transfers from eligible
guarantor institutions. Transfer agents
are required to establish procedures to
ensure that those standards are used by
the transfer agent to determine whether
PO 00000
Frm 00083
Fmt 4703
Sfmt 4703
to accept or reject guarantees from
eligible guarantor institutions. Transfer
agents must maintain, for a period of
three years following the date of a
rejection of transfer, a record of all
transfers rejected, along with the reason
for the rejection, identification of the
guarantor, and whether the guarantor
failed to meet the transfer agent’s
guarantee standard. These
recordkeeping requirements assist the
Commission and other regulatory
agencies with monitoring transfer agents
and ensuring compliance with the rule.
There are approximately 760
registered transfer agents. The staff
estimates that every transfer agent will
spend about 40 hours annually to
comply with Rule 17Ad–15. The total
annual burden for all transfer agents is
30,400 hours. The average cost per hour
is approximately $50. Therefore, the
total cost of compliance for all transfer
agents is $1,520,000.
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
estimates 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 direct to: R.
Corey Booth, Director/Chief Information
Officer, Securities and Exchange
Commission, C/O Shirley Martinson,
6432 General Green Way, Alexandria,
Virginia 22312 or by sending an e-mail
to: PRA_Mailbox@sec.gov. Comments
must be submitted to OMB within 60
days of this notice.
Dated: August 16, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E6–14023 Filed 8–23–06; 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
E:\FR\FM\24AUN1.SGM
24AUN1
]]>Agencies
[Federal Register Volume 71, Number 164 (Thursday, August 24, 2006)]
[Notices]
[Page 50108]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-14023]
-----------------------------------------------------------------------
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 17Ad-15; SEC File No. 270-360; OMB Control No. 3235-
0409.
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 17Ad-15--Signature Guarantees
Rule 17Ad-15 (17 CFR 240.17Ad-15) under the Securities Exchange Act
of 1934 (15 U.S.C. 78a et seq.) (the ``Act'') requires approximately
760 transfer agents to establish written standards for the acceptance
or rejection of guarantees of securities transfers from eligible
guarantor institutions. Transfer agents are required to establish
procedures to ensure that those standards are used by the transfer
agent to determine whether to accept or reject guarantees from eligible
guarantor institutions. Transfer agents must maintain, for a period of
three years following the date of a rejection of transfer, a record of
all transfers rejected, along with the reason for the rejection,
identification of the guarantor, and whether the guarantor failed to
meet the transfer agent's guarantee standard. These recordkeeping
requirements assist the Commission and other regulatory agencies with
monitoring transfer agents and ensuring compliance with the rule.
There are approximately 760 registered transfer agents. The staff
estimates that every transfer agent will spend about 40 hours annually
to comply with Rule 17Ad-15. The total annual burden for all transfer
agents is 30,400 hours. The average cost per hour is approximately $50.
Therefore, the total cost of compliance for all transfer agents is
$1,520,000.
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 estimates 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 direct to: R. Corey Booth, Director/Chief
Information Officer, Securities and Exchange Commission, C/O Shirley
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or by
sending an e-mail to: PRA--Mailbox@sec.gov. Comments must be submitted
to OMB within 60 days of this notice.
Dated: August 16, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E6-14023 Filed 8-23-06; 8:45 am]
BILLING CODE 8010-01-P
