[Federal Register Volume 72, Number 85 (Thursday, May 3, 2007)]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-8427]
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
Rule 19d-1; SEC File No. 270-242; OMB Control No. 3235-0206.
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'') intends to submit to the Office of Management and
Budget request for extension of the previously approved collection of
information discussed below.
Rule 19d-1--Notices by Self-Regulatory Organizations of
Final Disciplinary Actions, Denials Bars, or Limitations Respecting
Membership, Association, or Access to Services, and Summary Suspensions
Rule 19d-1 (17 CFR 240.19d-1) (``Rule'') under the Securities
Exchange Act of 1934 (17 U.S.C. 78a et seq.) prescribes the form and
content of notices to be filed with the Commission by self-regulatory
organizations (``SROs'') for which the Commission is the appropriate
regulatory agency concerning the following final SRO actions: (1)
Disciplinary sanctions (including summary suspensions); (2) denials of
membership, participation or association with a member; and (3)
prohibitions or limitations on access to SRO services.
The Rule enables the Commission to obtain reports from the SROs
containing information regarding SRO determinations to discipline
members or associated persons of members, deny membership or
participation or association with a member, and similar adjudicated
findings. The Rule requires that such actions be promptly reported to
the Commission. The Rule also requires that the reports and notices
supply sufficient information regarding the background, factual basis
and issues involved in the proceeding to enable the Commission: (1) To
determine whether the matter should be called up for review on the
Commission's own motion; and (2) to ascertain generally whether the SRO
has adequately carried out its responsibilities under the Exchange Act.
It is estimated that 10 respondents will utilize this application
procedure annually, with a total burden of 1175 hours, based on past
submissions. This figure is based on 10 respondents, spending
approximately 117.5 hours each. Each respondent submitted approximately
235 responses. The staff estimates that the average number of hours
necessary to comply with the requirements of Rule 19d-1 for each
submission is 0.5 hours. The average cost per hour, per each submission
is approximately $101. Therefore, the total cost of compliance for all
the respondents is $118,675. (10 respondents x 235 responses per
respondent x .5 hrs per response x $101 per hour).
The filing of notices pursuant to the Rule is mandatory for the
SROs, but does not involve the collection of confidential information.
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. Rule 19d-1 does not have a
retention of records requirement.
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.
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: April 24, 2007.
Florence E. Harmon,
[FR Doc. E7-8427 Filed 5-2-07; 8:45 am]
BILLING CODE 8010-01-P