Proposed Collection; Comment Request, 27601 [E7-9372]

Download as PDF Federal Register / Vol. 72, No. 94 / Wednesday, May 16, 2007 / Notices as necessary, and, for new fund complexes, adopting a code of ethics. In addition, we estimate that there is an additional annual cost burden of approximately $2,000 per fund complex, for a total of $1,100,000, associated with complying with the information collection requirements in rule 17j–1, aside from the cost of the burden hours discussed above.7 This represents the costs of purchasing and maintaining computers and software to assist funds in carrying out rule 17j–1 recordkeeping. These burden hour and cost estimates are based upon the Commission staff’s experience and discussions with the fund industry. The estimates of average burden hours and costs are made solely for the purposes of the Paperwork Reduction Act. These estimates are not derived from a comprehensive or even a representative survey or study of the costs of Commission rules. Compliance with the collection of information requirements of the rule is mandatory and is necessary to comply with the requirements of the rule in general. 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 17j–1 requires that records be maintained for at least five years in an easily accessible place.8 Please direct general comments regarding the above information to the following persons: (i) Desk Officer for the Securities and Exchange Commission, 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, VA, 22312; or send an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice. Dated: May 11, 2007. Florence E. Harmon, Deputy Secretary. [FR Doc. E7–9370 Filed 5–15–07; 8:45 am] BILLING CODE 8010–01–P cprice-sewell on PROD1PC66 with NOTICES 7 The cost burden associated with filing of new and amended codes of ethics on the Commission’s Electronic Data Gathering, Analysis, and Retrieval system (EDGAR) is included in the Paperwork Reduction Act estimates for the relevant forms to which these codes must be appended. 8 If information collected pursuant to the rule is reviewed by the Commission’s examination staff, it will be accorded the same level of confidentiality accorded to other responses provided to the Commission in the context of its examination and oversight program. See section 31(c) of the Investment Company Act (15 U.S.C. 80a–30(c)). VerDate Aug<31>2005 15:27 May 15, 2007 Jkt 211001 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 19b–5 and Form PILOT; SEC File No. 270–448; OMB Control No. 3235–0507. 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 19b–5 (17 CFR 240.19b–5) provides a temporary exemption from the rule-filing requirements of Section 19(b) of the Securities Exchange Act of 1934 (‘‘Act’’) to self-regulatory organizations (‘‘SROs’’) wishing to establish and operate pilot trading systems. Rule 19b–5 permits an SRO to develop a pilot trading system and to begin operation of such system shortly after submitting an initial report on Form PILOT to the Commission. During operation of the pilot trading system, the SRO must submit quarterly reports of the system’s operation to the Commission, as well as timely amendments describing any material changes to the system. After two years of operating such pilot trading system under the exemption afforded by Rule 19b–5, the SRO must submit a rule filing pursuant to Section 19(b)(2) of the Act in order to obtain permanent approval of the pilot trading system from the Commission. The collection of information is designed to allow the Commission to maintain an accurate record of all new pilot trading systems operated by SROs and to determine whether an SRO has properly availed itself of the exemption afforded by Rule 19b–5. The respondents to the collection of information are SROs, as defined by the Act, including national securities exchanges and national securities associations. Six respondents file an average total of 6 initial reports (for a 144 hour estimated annual burden), 24 quarterly reports (for a 72 hour estimated annual burden), and 12 amendments per year (for a 36 hour estimated annual burden), with an estimated total annual response PO 00000 Frm 00064 Fmt 4703 Sfmt 4703 27601 burden of 252 hours. At an average hourly cost of $51.71, the aggregate related cost of compliance with Rule 19b–5 for all respondents is $13,030 per year (252 burden hours multiplied by $51.71/hour = $13,030). 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. 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: May 9, 2007. Florence E. Harmon, Deputy Secretary. [FR Doc. E7–9372 Filed 5–15–07; 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 15a–6; SEC File No. 270–0329; OMB Control No. 3235–0371. 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. E:\FR\FM\16MYN1.SGM 16MYN1

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[Federal Register Volume 72, Number 94 (Wednesday, May 16, 2007)]
[Notices]
[Page 27601]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-9372]


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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 19b-5 and Form PILOT; SEC File No. 270-448; OMB Control No. 
3235-0507.

    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 19b-5 (17 CFR 240.19b-5) provides a temporary exemption from 
the rule-filing requirements of Section 19(b) of the Securities 
Exchange Act of 1934 (``Act'') to self-regulatory organizations 
(``SROs'') wishing to establish and operate pilot trading systems. Rule 
19b-5 permits an SRO to develop a pilot trading system and to begin 
operation of such system shortly after submitting an initial report on 
Form PILOT to the Commission. During operation of the pilot trading 
system, the SRO must submit quarterly reports of the system's operation 
to the Commission, as well as timely amendments describing any material 
changes to the system. After two years of operating such pilot trading 
system under the exemption afforded by Rule 19b-5, the SRO must submit 
a rule filing pursuant to Section 19(b)(2) of the Act in order to 
obtain permanent approval of the pilot trading system from the 
Commission.
    The collection of information is designed to allow the Commission 
to maintain an accurate record of all new pilot trading systems 
operated by SROs and to determine whether an SRO has properly availed 
itself of the exemption afforded by Rule 19b-5.
    The respondents to the collection of information are SROs, as 
defined by the Act, including national securities exchanges and 
national securities associations.
    Six respondents file an average total of 6 initial reports (for a 
144 hour estimated annual burden), 24 quarterly reports (for a 72 hour 
estimated annual burden), and 12 amendments per year (for a 36 hour 
estimated annual burden), with an estimated total annual response 
burden of 252 hours. At an average hourly cost of $51.71, the aggregate 
related cost of compliance with Rule 19b-5 for all respondents is 
$13,030 per year (252 burden hours multiplied by $51.71/hour = 
$13,030).
    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.
    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: May 9, 2007.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E7-9372 Filed 5-15-07; 8:45 am]
BILLING CODE 8010-01-P