Proposed Collection; Comment Request, 4738 [E7-1583]
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4738
Federal Register / Vol. 72, No. 21 / Thursday, February 1, 2007 / Notices
immediately list and trade a new
derivative securities product so long as
such product is in compliance with the
criteria of Rule 19b–4(e) under the Act.
However, in order for the Commission
to maintain an accurate record of all
new derivative securities products
traded through the facilities of SROs
and to determine whether an SRO has
properly availed itself of the permission
granted by Rule 19b–4(e), it is necessary
that the SRO maintain, on-site, a copy
of Form 19b–4(e) under the Act. Rule
19b–4(e) requires SROs to file a
summary form, Form 19b–4(e), and
thereby notify the Commission, within
five business days after the
commencement of trading a new
derivative securities product. In
addition, the Commission reviews SRO
compliance with Rule 19b–4(e) through
its routine inspections of the SROs.
The collection of information is
designed to allow the Commission to
maintain an accurate record of all new
derivative securities products traded
through the facilities of SROs and to
determine whether an SRO has properly
availed itself of the permission granted
by Rule 19b–4(e).
The respondents to the collection of
information are self-regulatory
organizations (as defined by the Act),
including national securities exchanges
and national securities associations.
Fourteen respondents file an average
total of 50 responses per year, which
corresponds to an estimated annual
response burden of 50 hours. At an
average cost per burden hour of $239.50,
the resultant total related cost of
compliance for these respondents is
$11,975 per year (50 burden hours
multiplied by $239.50/hour = $11,975).
Compliance with Rule 19b–4(e) is
mandatory. Information received in
response to Rule 19b–4(e) shall not be
kept confidential; the information
collected is public information.
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 will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information 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.
VerDate Aug<31>2005
16:47 Jan 31, 2007
Jkt 211001
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: January 23, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–1582 Filed 1–31–07; 8:45 am]
BILLING CODE 8011–01–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–12, SEC File No. 270–442, OMB
Control No. 3235–0498.
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–12 (17 CFR 240.17a–12)
under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) is the
reporting rule tailored specifically for
OTC derivatives dealers registered with
the Commission, and Part IIB of Form
X–17A–5,1 the Financial and
Operational Combined Uniform Single
(‘‘FOCUS’’) Report, is the basic
document for reporting the financial
and operational condition of OTC
derivatives dealers.
Rule 17a–12 requires registered OTC
derivatives dealers to file Part IIB of the
FOCUS Report quarterly. Rule 17a–12
also requires that OTC derivatives
dealers file audited financial statements
annually. There are currently five
registered OTC derivatives dealers. The
staff does not expect that any additional
firms will register as OTC derivatives
dealers within the next three years. The
staff estimates that the average amount
of time necessary to prepare and file the
quarterly reports required by the rule is
1 Form
PO 00000
X–17A–5 (17 CFR 249.617).
Frm 00059
Fmt 4703
Sfmt 4703
eighty hours per OTC derivatives
dealer 2 and that the average amount of
time for the annual audit report is 100
hours per OTC derivatives dealer, for a
total of 180 hours per OTC derivatives
dealer annually. Thus the staff estimates
that the total number of hours necessary
for the five OTC derivatives dealers to
comply with the requirements of Rule
17a–12 on an annual basis is 900 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.
Direct your written comments to 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 to OMB within 60 days of
this notice.
Dated: January 24, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–1583 Filed 1–31–07; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–55162; File No. SR–Amex–
2006–106]
Self-Regulatory Organizations;
American Stock Exchange LLC; Order
Granting Approval to Proposed Rule
Change as Modified by Amendment
No. 1 Thereto, Relating to the Adoption
of a Penny Pilot Program
January 24, 2007.
I. Introduction
On November 9, 2006, the American
Stock Exchange LLC (‘‘Amex’’ or
‘‘Exchange’’) filed with the Securities
and Exchange Commission
2 Based upon an average of 4 responses per year
and an average of 20 hours spent preparing each
response.
E:\FR\FM\01FEN1.SGM
01FEN1
]]>Agencies
[Federal Register Volume 72, Number 21 (Thursday, February 1, 2007)]
[Notices]
[Page 4738]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-15]
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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-12, SEC File No. 270-442, OMB Control No. 3235-0498.
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-12 (17 CFR 240.17a-12) under the Securities Exchange Act
of 1934 (15 U.S.C. 78a et seq.) is the reporting rule tailored
specifically for OTC derivatives dealers registered with the
Commission, and Part IIB of Form X-17A-5,\1\ the Financial and
Operational Combined Uniform Single (``FOCUS'') Report, is the basic
document for reporting the financial and operational condition of OTC
derivatives dealers.
---------------------------------------------------------------------------
\1\ Form X-17A-5 (17 CFR 249.617).
---------------------------------------------------------------------------
Rule 17a-12 requires registered OTC derivatives dealers to file
Part IIB of the FOCUS Report quarterly. Rule 17a-12 also requires that
OTC derivatives dealers file audited financial statements annually.
There are currently five registered OTC derivatives dealers. The staff
does not expect that any additional firms will register as OTC
derivatives dealers within the next three years. The staff estimates
that the average amount of time necessary to prepare and file the
quarterly reports required by the rule is eighty hours per OTC
derivatives dealer \2\ and that the average amount of time for the
annual audit report is 100 hours per OTC derivatives dealer, for a
total of 180 hours per OTC derivatives dealer annually. Thus the staff
estimates that the total number of hours necessary for the five OTC
derivatives dealers to comply with the requirements of Rule 17a-12 on
an annual basis is 900 hours.
---------------------------------------------------------------------------
\2\ Based upon an average of 4 responses per year and an average
of 20 hours spent preparing each response.
---------------------------------------------------------------------------
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.
Direct your written comments to 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 to OMB within
60 days of this notice.
Dated: January 24, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-1583 Filed 1-31-07; 8:45 am]
BILLING CODE 8011-01-P
