Proposed Collection; Comment Request, 28730-28731 [E7-9808]
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28730
Federal Register / Vol. 72, No. 98 / Tuesday, May 22, 2007 / Notices
2. Docket No. R2006–1—reconsideration
of Standard Mail recommendation.
CONTACT PERSON FOR MORE INFORMATION:
Stephen L. Sharfman, General Counsel,
Postal Regulatory Commission, 901 New
York Avenue, NW., Suite 200,
Washington, DC 20268–0001, 202–789–
6818.
Dated: May 17, 2007.
Steven W. Williams,
Secretary.
[FR Doc. 07–2556 Filed 5–17–07; 4:49 pm]
BILLING CODE 7710–FW–M
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.
jlentini on PROD1PC65 with NOTICES
Extension:
Rule 303, SEC File No. 270–450, OMB
Control No. 3235–0505.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the 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.
Regulation ATS (17 CFR 242.300 et
seq.) under the Securities Exchange Act
of 1934 (15 U.S.C. 78a et seq.) provides
a regulatory structure that directly
addresses issues related to alternative
trading systems’ role in the marketplace.
Regulation ATS allows alternative
trading systems to choose between two
regulatory structures. Alternative
trading systems have the choice
between registering as broker-dealers
and complying with Regulation ATS or
registering as national securities
exchanges. Regulation ATS provides the
regulatory framework for those
alternative trading systems that choose
to be regulated as broker-dealers. Rule
303 of Regulation ATS describes the
record preservation requirements for
alternative trading systems that are not
national securities exchanges.
Alternative trading systems that
register as broker-dealers, comply with
Regulation ATS, and meet certain
volume thresholds are required to
preserve all records made pursuant to
Rule 302, which includes information
relating to subscribers, trading
summaries and order information. Such
VerDate Aug<31>2005
18:21 May 21, 2007
Jkt 211001
alternative trading systems are also
required to preserve records of any
notices communicated to subscribers, a
copy of the system’s standards for
granting access to trading and any
documents generated in the course of
complying with the capacity, integrity
and security requirements for automated
systems under Rule 301(b)(6) of
Regulation ATS. Rule 303 also describes
how such records must be kept and how
long they must be preserved.
The information contained in the
records required to be preserved by the
Rule will be used by examiners and
other representatives of the
Commission, state securities regulatory
authorities, and the SROs to ensure that
alternative trading systems are in
compliance with Regulation ATS as
well as other rules and regulations of
the Commission and the SROs. Without
the data required by the proposed Rule,
the Commission would be severely
limited in its ability to comply with its
statutory obligations, provide for the
protection of investors and promote the
maintenance of fair and orderly markets.
Respondents consist of alternative
trading systems that choose to register
as broker-dealers and comply with the
requirements of Regulation ATS. The
Commission estimates that there are
currently approximately 65
respondents.
An estimated 65 respondents will
spend approximately 260 hours per year
(65 respondents at 4 burden hours/
respondent) to comply with the record
preservation requirements of Rule 303.
At an average cost per burden hour of
$86.54, the resultant total related cost of
compliance for these respondents is
$22,500.00 per year (260 burden hours
multiplied by $86.54/hour; a slight
discrepancy is due to arithmetic
rounding).
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 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
PO 00000
Frm 00065
Fmt 4703
Sfmt 4703
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 60 days of this
notice.
Dated: May 16, 2007.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E7–9806 Filed 5–21–07; 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 301 and Forms ATS and ATS–R, SEC
File No. 270–451, OMB Control No.
3235–0509.
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.
Regulation ATS (17 CFR 242.300 et
seq.) under the Securities Exchange Act
of 1934 (15 U.S.C. 78a et seq.) provides
a regulatory structure that directly
addresses issues related to alternative
trading systems’ role in the marketplace.
Regulation ATS allows alternative
trading systems to choose between two
regulatory structures. Alternative
trading systems have the choice
between registering as broker-dealers
and complying with Regulation ATS or
registering as national securities
exchanges. Regulation ATS provides the
regulatory framework for those
alternative trading systems that choose
to be regulated as broker-dealers. Rule
301 of Regulation ATS contains certain
notice and reporting requirements, as
well as additional obligations that only
apply to alternative trading systems
with significant volume. Rule 301
describes the conditions with which a
registered broker-dealer operating an
alternative trading system must comply.
The Rule requires all alternative trading
systems that wish to comply with
Regulation ATS to file an initial
operation report on Form ATS. The
initial operation report requires
E:\FR\FM\22MYN1.SGM
22MYN1
jlentini on PROD1PC65 with NOTICES
Federal Register / Vol. 72, No. 98 / Tuesday, May 22, 2007 / Notices
information regarding operation of the
system including the method of
operation, access criteria and the types
of securities traded. Alternative trading
systems are also required to supply
updates on Form ATS to the
Commission, describing material
changes to the system, and quarterly
transaction reports on Form ATS–R.
Alternative trading systems are also
required to file cessation of operations
reports on Form ATS.
Alternative trading systems with
significant volume are required to
comply with requirements for fair
access and systems capacity, integrity
and security. Under Rule 301, such
alternative trading systems are required
to establish standards for granting
access to trading on its system. In
addition, upon a decision to deny or
limit an investor’s access to the system,
an alternative trading system is required
to provide notice to the investor of the
denial or limitation and their right to an
appeal to the Commission. Regulation
ATS requires alternative trading systems
to preserve any records made in the
process of complying with the systems’
capacity, integrity and security
requirements. In addition, such
alternative trading systems are required
to notify Commission staff of material
systems outages and significant systems
changes.
The Commission uses the information
provided pursuant to the Rule to
monitor the growth and development of
alternative trading systems to confirm
that investors effecting trades through
the systems are adequately protected,
and that the systems do not impede the
maintenance of fair and orderly
securities markets or otherwise operate
in a manner that is inconsistent with the
federal securities laws. In particular, the
information collected and reported to
the Commission by alternative trading
systems enables the Commission to
evaluate the operation of alternative
trading systems with regard to national
market system goals, and monitor the
competitive effects of these systems to
ascertain whether the regulatory
framework remains appropriate to the
operation of such systems. Without the
information provided on Forms ATS
and ATS–R, the Commission would not
have readily available information on a
regular basis in a format that will allow
it to determine whether such systems
have adequate safeguards.
Respondents consist of alternative
trading systems that choose to register
as broker-dealers and comply with the
requirements of Regulation ATS. The
Commission estimates that there are
currently approximately 65
respondents.
VerDate Aug<31>2005
18:21 May 21, 2007
Jkt 211001
An estimated 65 respondents will file
an average total of 465 responses per
year, which corresponds to an estimated
annual response burden of 1,982.5
hours. At an average cost per burden
hour of approximately $95.57, the
resultant total related cost of
compliance for these respondents is
$189,458.15 per year (1,982.5 burden
hours multiplied by $95.57 per hour; a
slight discrepancy is due to arithmetic
rounding).
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 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,
VA 22312 or send an e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted within 60 days of this
notice.
Dated: May 16, 2007.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E7–9808 Filed 5–21–07; 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 302, SEC File No. 270–453, OMB
Control No. 3235–0510.
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
PO 00000
Frm 00066
Fmt 4703
Sfmt 4703
28731
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Regulation ATS (17 CFR 242.300 et
seq.) under the Securities Exchange Act
of 1934 (15 U.S.C. 78a et seq.) provides
a regulatory structure that directly
addresses issues related to alternative
trading systems’ role in the marketplace.
Regulation ATS allows alternative
trading systems to choose between two
regulatory structures. Alternative
trading systems have the choice
between registering as broker-dealers
and complying with Regulation ATS or
registering as national securities
exchanges. Regulation ATS provides the
regulatory framework for those
alternative trading systems that choose
to be regulated as broker-dealers. Rule
302 of Regulation ATS describes the
recordkeeping requirements for
alternative trading systems that are not
national securities exchanges. Under
Rule 302, alternative trading systems are
required to make a record of subscribers
to the alternative trading system, daily
summaries of trading in the alternative
trading system, and time-sequenced
records of order information in the
alternative trading system.
The information required to be
collected under the Rule should
increase the abilities of the Commission,
state securities regulatory authorities,
and the SROs to ensure that alternative
trading systems are in compliance with
Regulation ATS as well as other rules
and regulations of the Commission and
the SROs. If the information is not
collected or is collected less frequently,
the Commission would be severely
limited in its ability to comply with its
statutory obligations, provide for the
protection of investors and promote the
maintenance of fair and orderly markets.
Respondents consist of alternative
trading systems that choose to register
as broker-dealers and comply with the
requirements of Regulation ATS. The
Commission estimates that there are
currently approximately 65
respondents.
An estimated 65 respondents will
spend approximately 2,340 hours per
year (65 respondents at 36 burden
hours/respondent) to comply with the
recordkeeping requirements of Rule 302.
At an average cost per burden hour of
$86.54, the resultant total related cost of
compliance for these respondents is
$202,504.00 per year (2,340 burden
hours multiplied by $86.54/hour; a
slight discrepancy is due to arithmetic
rounding).
Written comments are invited on (a)
Whether the proposed collection of
information is necessary for the proper
E:\FR\FM\22MYN1.SGM
22MYN1
]]>Agencies
[Federal Register Volume 72, Number 98 (Tuesday, May 22, 2007)]
[Notices]
[Pages 28730-28731]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-9808]
-----------------------------------------------------------------------
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 301 and Forms ATS and ATS-R, SEC File No. 270-451, OMB
Control No. 3235-0509.
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.
Regulation ATS (17 CFR 242.300 et seq.) under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et seq.) provides a regulatory
structure that directly addresses issues related to alternative trading
systems' role in the marketplace. Regulation ATS allows alternative
trading systems to choose between two regulatory structures.
Alternative trading systems have the choice between registering as
broker-dealers and complying with Regulation ATS or registering as
national securities exchanges. Regulation ATS provides the regulatory
framework for those alternative trading systems that choose to be
regulated as broker-dealers. Rule 301 of Regulation ATS contains
certain notice and reporting requirements, as well as additional
obligations that only apply to alternative trading systems with
significant volume. Rule 301 describes the conditions with which a
registered broker-dealer operating an alternative trading system must
comply. The Rule requires all alternative trading systems that wish to
comply with Regulation ATS to file an initial operation report on Form
ATS. The initial operation report requires
[[Page 28731]]
information regarding operation of the system including the method of
operation, access criteria and the types of securities traded.
Alternative trading systems are also required to supply updates on Form
ATS to the Commission, describing material changes to the system, and
quarterly transaction reports on Form ATS-R. Alternative trading
systems are also required to file cessation of operations reports on
Form ATS.
Alternative trading systems with significant volume are required to
comply with requirements for fair access and systems capacity,
integrity and security. Under Rule 301, such alternative trading
systems are required to establish standards for granting access to
trading on its system. In addition, upon a decision to deny or limit an
investor's access to the system, an alternative trading system is
required to provide notice to the investor of the denial or limitation
and their right to an appeal to the Commission. Regulation ATS requires
alternative trading systems to preserve any records made in the process
of complying with the systems' capacity, integrity and security
requirements. In addition, such alternative trading systems are
required to notify Commission staff of material systems outages and
significant systems changes.
The Commission uses the information provided pursuant to the Rule
to monitor the growth and development of alternative trading systems to
confirm that investors effecting trades through the systems are
adequately protected, and that the systems do not impede the
maintenance of fair and orderly securities markets or otherwise operate
in a manner that is inconsistent with the federal securities laws. In
particular, the information collected and reported to the Commission by
alternative trading systems enables the Commission to evaluate the
operation of alternative trading systems with regard to national market
system goals, and monitor the competitive effects of these systems to
ascertain whether the regulatory framework remains appropriate to the
operation of such systems. Without the information provided on Forms
ATS and ATS-R, the Commission would not have readily available
information on a regular basis in a format that will allow it to
determine whether such systems have adequate safeguards.
Respondents consist of alternative trading systems that choose to
register as broker-dealers and comply with the requirements of
Regulation ATS. The Commission estimates that there are currently
approximately 65 respondents.
An estimated 65 respondents will file an average total of 465
responses per year, which corresponds to an estimated annual response
burden of 1,982.5 hours. At an average cost per burden hour of
approximately $95.57, the resultant total related cost of compliance
for these respondents is $189,458.15 per year (1,982.5 burden hours
multiplied by $95.57 per hour; a slight discrepancy is due to
arithmetic rounding).
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 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, VA 22312 or send an e-
mail to: PRA--Mailbox@sec.gov. Comments must be submitted within 60
days of this notice.
Dated: May 16, 2007.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E7-9808 Filed 5-21-07; 8:45 am]
BILLING CODE 8010-01-P
