Proposed Collection; Comment Request, 27601 [E7-9372]
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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)).
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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
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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
]]>Agencies
[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
