Submission for OMB Review; Comment Request, 70445 [E6-20437]

Download as PDF mstockstill on PROD1PC61 with NOTICES Federal Register / Vol. 71, No. 232 / Monday, December 4, 2006 / Notices the reporting and recordkeeping requirements of Rule 606 on behalf of small to mid-sized introducing firms. There currently are approximately 567 clearing brokers. In addition, there are approximately 1479 introducing brokers that receive funds or securities from their customers. Because at least some of these firms also may have greater involvement in determining where customer orders are routed for execution, they have been included, along with clearing brokers, in estimating the total burden of Rule 606. The Commission staff estimates that each firm significantly involved in order routing practices incurs an average burden of 40 hours to prepare and disseminate a quarterly report required by Rule 606, or a burden of 160 hours per year. With an estimated 2046 broker-dealers significantly involved in order routing practices, the total burden per year to comply with the quarterly reporting requirement in Rule 606 is estimated to be 327,360 hours. Rule 606 requires broker-dealers to respond to individual customer requests for information on orders handled by the broker-dealer for that customer. Clearing brokers generally bear the burden of responding to these requests. The Commission staff estimates that an average clearing broker incurs an annual burden of 400 hours (2000 responses x 0.2 hours/response) to prepare, disseminate, and retain responses to customers required by Rule 606. With an estimated 567 clearing brokers subject to Rule 606, the total burden per year to comply with the customer response requirement in Rule 606 is estimated to be 226,800 hours. The collection of information obligations imposed by Rule 605 and Rule 606 are mandatory. The response will be available to the public and will not be kept confidential. An agency may not conduct or sponsor, and a person is not required to comply with, a collection of information unless it displays a currently valid OMB control number. General comments regarding the estimated burden hours should be directed to the following persons: (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, VA 22312 or send an e-mail to: VerDate Aug<31>2005 11:51 Dec 01, 2006 Jkt 211001 PRA_Mailbox@sec.gov. Comments must be submitted within 30 days of this notice. Dated: November 20, 2006. Nancy M. Morris, Secretary. [FR Doc. E6–20431 Filed 12–1–06; 8:45 am] BILLING CODE 8011–01–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 11Ac1–1 SEC File No. 270– 404 OMB Control No. 3235–0461 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. Rule 11Ac1–1 (17 CFR 240.11Ac1–1), Dissemination of Quotations, contains two related collections of information necessary to disseminate market makers’ published quotations to buy and sell securities to the public. The first collection of information is found in Rule 11Ac1–1(c), 17 CFR 11Ac1–1(c). This reporting requirement obligates each ‘‘responsible broker or dealer,’’ as defined under the rule, to communicate to its exchange or association its best bids, best offers, and quotation sizes for any subject security, as defined under the rule. The second collection of information is found in Rule 11Ac1– 1(b), (17 CFR 240.11Ac1–1(b)). This reporting requirement obligates each exchange and association to make available to quotation vendors for dissemination to the public the best bid, best offer, and aggregate quotation size for each subject security.1 Brokers, 1 A third requirement under Rule 11Ac1–1, as amended at 17 CFR 11Ac1–1(c)(5), gives electronic communications networks (‘‘ECNs’’) the option of reporting to an exchange or association for public dissemination, on behalf of their OTC market maker or exchange specialist customers, the best priced orders and the full size for such orders entered by market makers, to satisfy such market makers’ reporting obligation under Rule 11Ac1–1(c). Because this reporting requirement is an alternative method of meeting the market makers’ reporting obligation, and because it is directed to nine or fewer persons (ECNs), this collection of information is not subject to OMB review under the Paperwork Reduction Act. PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 70445 dealers, other market participants, and members of the public rely on published quotation information to determine the best price and market for execution of customer orders. It is anticipated that 721 respondents, consisting of 180 exchange specialists and 541 OTC market makers, will make 246,788,005 total annual responses pursuant to Rule 11Ac1–1, resulting in an annual aggregate burden of approximately 205,486 hours. Rule 11Ac1–1 does not impose a retention period for any recordkeeping requirements. Compliance with the rule is mandatory and the information collected is made available to the public. 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. 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 send an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted within 30 days of this notice. Dated: November 20, 2006. Nancy M. Morris, Secretary. [FR Doc. E6–20437 Filed 12–1–06; 8:45 am] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION [Disaster Declaration #10701 and #10702] Louisiana Disaster Number LA–00007 U.S. Small Business Administration. ACTION: Amendment 2. AGENCY: SUMMARY: This is an amendment of the Presidential declaration of a major disaster for the State of Louisiana (FEMA—1668—DR), dated 11/02/2006. Incident: Severe Storms and Flooding. Incident Period: 10/16/2006 and continuing through 11/08/2006. DATES: Effective Date: 11/08/2006. Physical Loan Application Deadline Date: 01/02/2007. E:\FR\FM\04DEN1.SGM 04DEN1

Agencies

[Federal Register Volume 71, Number 232 (Monday, December 4, 2006)]
[Notices]
[Page 70445]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-20437]


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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 11Ac1-1 SEC File No. 270-404 OMB Control No. 3235-
0461

    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.
    Rule 11Ac1-1 (17 CFR 240.11Ac1-1), Dissemination of Quotations, 
contains two related collections of information necessary to 
disseminate market makers' published quotations to buy and sell 
securities to the public. The first collection of information is found 
in Rule 11Ac1-1(c), 17 CFR 11Ac1-1(c). This reporting requirement 
obligates each ``responsible broker or dealer,'' as defined under the 
rule, to communicate to its exchange or association its best bids, best 
offers, and quotation sizes for any subject security, as defined under 
the rule. The second collection of information is found in Rule 11Ac1-
1(b), (17 CFR 240.11Ac1-1(b)). This reporting requirement obligates 
each exchange and association to make available to quotation vendors 
for dissemination to the public the best bid, best offer, and aggregate 
quotation size for each subject security.\1\ Brokers, dealers, other 
market participants, and members of the public rely on published 
quotation information to determine the best price and market for 
execution of customer orders.
---------------------------------------------------------------------------

    \1\ A third requirement under Rule 11Ac1-1, as amended at 17 CFR 
11Ac1-1(c)(5), gives electronic communications networks (``ECNs'') 
the option of reporting to an exchange or association for public 
dissemination, on behalf of their OTC market maker or exchange 
specialist customers, the best priced orders and the full size for 
such orders entered by market makers, to satisfy such market makers' 
reporting obligation under Rule 11Ac1-1(c). Because this reporting 
requirement is an alternative method of meeting the market makers' 
reporting obligation, and because it is directed to nine or fewer 
persons (ECNs), this collection of information is not subject to OMB 
review under the Paperwork Reduction Act.
---------------------------------------------------------------------------

    It is anticipated that 721 respondents, consisting of 180 exchange 
specialists and 541 OTC market makers, will make 246,788,005 total 
annual responses pursuant to Rule 11Ac1-1, resulting in an annual 
aggregate burden of approximately 205,486 hours.
    Rule 11Ac1-1 does not impose a retention period for any 
recordkeeping requirements. Compliance with the rule is mandatory and 
the information collected is made available to the public. 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.
    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 send an e-
mail to: PRA--Mailbox@sec.gov. Comments must be submitted within 30 
days of this notice.

    Dated: November 20, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-20437 Filed 12-1-06; 8:45 am]
BILLING CODE 8011-01-P
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