Submission for OMB Review; Comment Request, 32149-32150 [E7-11163]
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Federal Register / Vol. 72, No. 111 / Monday, June 11, 2007 / Notices
to the public for review. Information
provided under Rule 477 is mandatory.
The information is required on
occasion. We estimate that 300 issuers
will file Rule 477 submissions annually
at an estimated one hour per response
for a total annual burden of 300 hours.
We estimate that 100% of the reporting
burden is prepared by the issuer.
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.
Written comments regarding the
above information should be directed to
the following persons: (i) Desk Officer
for the Securities and Exchange
Commission, Office of Information and
Regulatory Affairs, Office of
Management and Budget, Room 10102,
New Executive Office Building,
Washington, DC 20503 or send an email 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: June 4, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–11161 Filed 6–8–07; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549
rmajette on DSK8KYBLC1PROD with MISCELLANEOUS
Extension:
Rule 15c2–2, SEC File No. 270–538, OMB
Control No. 3235–0598
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’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
Proposed rule 15c2–2 (17 CFR
240.15c2–2) under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.) would provide investors in mutual
fund shares, UIT interests and college
savings plan interests with information
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Jkt 223001
in transaction confirmations, including
information about certain distributionrelated costs and certain distribution
arrangements that create conflicts of
interest for brokers, dealers, municipal
securities dealers, and their associated
persons. Proposed rule 15c2–2
specifically would require confirmation
disclosure of information about loads
and other distribution-related costs that
directly impact the returns earned by
investors in those securities. It also
would require brokers, dealers and
municipal securities dealers to disclose
their compensation for selling those
securities, and to disclose information
about revenue sharing arrangements and
portfolio brokerage arrangements that
create conflicts of interest for them.
Moreover, the proposed rule would
require brokers, dealers and municipal
securities dealers to inform customers
about whether their salespersons or
other associated persons receive extra
compensation for selling certain covered
securities.
In addition, the Commission, the selfregulatory organizations, and other
securities regulatory authorities would
be able to use records of confirmations
delivered pursuant to proposed rule
15c2–2 in the course of examinations,
and investigations, as well as
enforcement proceedings against
brokers, dealers and municipal
securities dealers. However, no
governmental agency would regularly
receive any of the information described
above.
Proposed rule 15c2–2 potentially
would apply to all of the approximately
5,338 brokers, dealers and municipal
securities dealers that are registered
with the Commission and that are
members of NASD. It would also
potentially apply to approximately 62
additional municipal securities dealers.
The staff estimates that the annual
burden for complying with the
requirements of proposed rule 15c2–2
would be 18.7 million hours and that
the annual costs of complying with the
requirements of proposed rule 15c2–2,
including the printing and postal costs
for generating and sending
confirmations, would be $1.05 billion.
We note that many of these costs and
burdens, including the majority of the
annual costs and burdens, would be
shifted from rule 10b–10 (17 CFR
240.10b–10) to proposed rule 15c2–2.
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.
General comments regarding the
estimated burden hours should be
directed to the following persons: (i)
PO 00000
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32149
Desk Officer for the Securities and
Exchange Commission, Office of
Information and Regulatory Affairs,
Office of Management and Budget,
Room 10102, New Executive Office
Building, Washington, DC 20503 or
send an 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 e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted to OMB within 30 days of
this notice.
Dated: June 4, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–11162 Filed 6–8–07; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549
Extension:
Rule 15c2–3, SEC File No. 270–539, OMB
Control No. 3235–0599
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’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
Proposed rule 15c2–3 (17 CFR
240.15c2–3) under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.) would require brokers, dealers and
municipal securities dealers to provide
point of sale disclosure to investors
prior to effecting transactions in mutual
fund shares, UIT interests and college
savings plan interests. The disclosure
would provide investors with targeted
material information about distributionrelated costs and remuneration that lead
to conflicts of interest for their brokers,
dealers or municipal securities dealers.
The collection of information under
proposed rule 15c2–3 would require
some of the disclosure that is also
required under rule 15c2–2. However,
in contrast to the confirmation
disclosure required under proposed rule
15c2–2, which a customer will not
receive in writing until after a
E:\ERIC\11JNN1.SGM
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rmajette on DSK8KYBLC1PROD with MISCELLANEOUS
32150
Federal Register / Vol. 72, No. 111 / Monday, June 11, 2007 / Notices
transaction has been effected, the point
of sale disclosure that would be
required under rule 15c2–3 would
specifically require that investors be
provided with information that they can
use at the time they determine whether
to enter into a transaction to purchase
one of the covered securities.
In addition, the Commission, the selfregulatory organizations, and other
securities regulatory authorities would
be able to use records of point of sale
disclosure delivered pursuant to
proposed rule 15c2–3 in the course of
examinations, and investigations, as
well as enforcement proceedings against
brokers, dealers and municipal
securities dealers. However, no
governmental agency would regularly
receive any of the information described
above.
Proposed rule 15c2–2 potentially
would apply to all of the approximately
5,338 brokers, dealers and municipal
securities dealers that are registered
with the Commission and that are
members of NASD. It would also
potentially apply to approximately 62
additional municipal securities dealers.
It is important to note, however, that the
confirmation is a customary document
used by the industry.
The Commission staff estimates that
the annual burden for complying with
the requirements of proposed rule 15c2–
3 would be 18.7 million hours and that
the annual costs of complying with the
requirements of proposed rule 15c2–3,
including call center services, and
recordkeeping and compliance costs,
would be $40 million.
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.
General comments regarding the
estimated burden hours should be
directed to the following persons: (i)
Desk Officer for the Securities and
Exchange Commission, Office of
Information and Regulatory Affairs,
Office of Management and Budget,
Room 10102, New Executive Office
Building, Washington, DC 20503 or
send an 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 e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted to OMB within 30 days of
this notice.
VerDate Mar<15>2010
12:15 Mar 07, 2011
Jkt 223001
Dated: June 4, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–11163 Filed 6–8–07; 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 17a–1, SEC File No. 270–244, OMB
Control No. 3235–0208
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–1 (17 CFR 240.17a–1) under
the Securities Exchange Act of 1934 (the
‘‘Act’’) (15 U.S.C. 78a et seq.) requires
that all national securities exchanges,
national securities associations,
registered clearing agencies, and the
Municipal Securities Rulemaking Board
keep on file for a period of five years,
two years in an accessible place, all
documents that they make or receive
respecting their self-regulatory
activities, and that such documents be
available for examination by the
Commission.
The Commission staff estimates that
the average number of hours necessary
for compliance with the requirements of
Rule 17a–1 is 50 hours per year. There
are 22 entities required to comply with
the rule: 10 national securities
exchanges, 1 national securities
association, 10 registered clearing
agencies, and the Municipal Securities
Rulemaking Board. In addition, 3
national securities exchanges noticeregistered pursuant to Section 6(g) of the
Act are required to preserve records of
determinations made under Rule 3a55–
1, which the Commission staff estimates
will take 1 hour per exchange, for a total
of 3 hours. Accordingly, the
Commission staff estimates that the total
number of hours necessary to comply
with the requirements of Rule 17a–1 is
1,103 hours. The average cost per hour
is $50. Therefore, the total cost of
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compliance for the respondents is
$55,150.
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,
VA 22312 or send an e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted within 60 days of this
notice.
Dated: June 4, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–11164 Filed 6–8–07; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Pub. L. 94–409, that the
Securities and Exchange Commission
will hold the following meetings during
the week of June 11, 2007:
Open Meetings will be held on Tuesday,
June 12, 2007 at 9 a.m. and Wednesday, June
13, 2007 at 10 a.m., in the Auditorium, Room
L–002. A Closed Meeting will be held on
Thursday, June 14, 2007 at 10 a.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the Closed Meeting. Certain
staff members who have an interest in
the matters may also be present.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (7), (9)(B), and
(10) and 17 CFR 200.402(a)(3), (5), (7),
9(ii) and (10), permit consideration of
the scheduled matters at the Closed
Meeting.
E:\ERIC\11JNN1.SGM
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]]>Agencies
[Federal Register Volume 72, Number 111 (Monday, June 11, 2007)]
[Notices]
[Pages 32149-32150]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-11163]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549
Extension:
Rule 15c2-3, SEC File No. 270-539, OMB Control No. 3235-0599
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'') has submitted to the Office of Management
and Budget (``OMB'') a request for extension of the previously approved
collection of information discussed below.
Proposed rule 15c2-3 (17 CFR 240.15c2-3) under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et seq.) would require brokers,
dealers and municipal securities dealers to provide point of sale
disclosure to investors prior to effecting transactions in mutual fund
shares, UIT interests and college savings plan interests. The
disclosure would provide investors with targeted material information
about distribution-related costs and remuneration that lead to
conflicts of interest for their brokers, dealers or municipal
securities dealers. The collection of information under proposed rule
15c2-3 would require some of the disclosure that is also required under
rule 15c2-2. However, in contrast to the confirmation disclosure
required under proposed rule 15c2-2, which a customer will not receive
in writing until after a
[[Page 32150]]
transaction has been effected, the point of sale disclosure that would
be required under rule 15c2-3 would specifically require that investors
be provided with information that they can use at the time they
determine whether to enter into a transaction to purchase one of the
covered securities.
In addition, the Commission, the self-regulatory organizations, and
other securities regulatory authorities would be able to use records of
point of sale disclosure delivered pursuant to proposed rule 15c2-3 in
the course of examinations, and investigations, as well as enforcement
proceedings against brokers, dealers and municipal securities dealers.
However, no governmental agency would regularly receive any of the
information described above.
Proposed rule 15c2-2 potentially would apply to all of the
approximately 5,338 brokers, dealers and municipal securities dealers
that are registered with the Commission and that are members of NASD.
It would also potentially apply to approximately 62 additional
municipal securities dealers. It is important to note, however, that
the confirmation is a customary document used by the industry.
The Commission staff estimates that the annual burden for complying
with the requirements of proposed rule 15c2-3 would be 18.7 million
hours and that the annual costs of complying with the requirements of
proposed rule 15c2-3, including call center services, and recordkeeping
and compliance costs, would be $40 million.
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.
General comments regarding the estimated burden hours should be
directed to the following persons: (i) Desk Officer for the Securities
and Exchange Commission, Office of Information and Regulatory Affairs,
Office of Management and Budget, Room 10102, New Executive Office
Building, Washington, DC 20503 or send an 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 e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of
this notice.
Dated: June 4, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-11163 Filed 6-8-07; 8:45 am]
BILLING CODE 8010-01-P
