Submission for OMB Review; Comment Request, 39647-39648 [E7-13965]
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Federal Register / Vol. 72, No. 138 / Thursday, July 19, 2007 / Notices
of the Exchange Act with respect to its
investor protection function.
Completing and filing Form BD is
mandatory in order to engage in brokerdealer activity. Compliance with Rule
15b1–1 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.
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: July 12, 2007.
Nancy M. Morris,
Secretary.
[FR Doc. E7–13963 Filed 7–18–07; 8:45 am]
BILLING CODE 8010–01–P
amendments to such statements and
reports. The purpose of the regulation is
set forth guidelines for the uniform
preparation of Exchange Act documents.
All information is provided to the
public for review. The information
required is filed on occasion and is
mandatory. Regulation 12B is assigned
one burden hour for administrative
convenience because the regulation
simply prescribes the disclosure that
must appear in other filings under the
federal securities laws.
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.
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Dated: July 12, 2007.
Nancy M. Morris,
Secretary.
[FR Doc. E7–13964 Filed 7–18–07; 8:45 am]
BILLING CODE 8010–01–P
Upon Written Request; Copies Available
From: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
cprice-sewell on PROD1PC66 with NOTICES
Extension:
Regulation 12B, OMB Control No. 3235–
0062, SEC File No. 270–70.
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 the
request for extension of the previously
approved collection of information
discussed below.
Regulation 12B (17 CFR 240.12b–1–
12b–37) includes rules governing all
registration statements pursuant to
Sections 12(b) and 12(g) (U.S.C. 78l(b)
and 78l(g)) of the Securities Exchange
Act of 1934 (15 U.S.C. 78a et seq.)
(‘‘Exchange Act’’), including all
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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:
Regulation S–AM, SEC File No. 270–548,
OMB Control No. 3235–0609.
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
request[s] for extension of the
previously approved collection[s] of
information discussed below.
PO 00000
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39647
Regulation S–AM: Limitation on
Affiliate Marketing
Regulation S–AM implements the
requirements of Section 214 of the Fair
and Accurate Credit Transactions Act of
2003 (Pub. L. 108–159) (‘‘FACT Act’’) as
applied to brokers, dealers, and
investment companies, as well as
investment advisers and transfer agents
that are registered with the Commission
(collectively, ‘‘Covered Persons’’). As
directed by Section 214 of the FACT
Act, before a receiving affiliate may
make marketing solicitations based on
the communication of certain consumer
financial information from a Covered
Person, the Covered Person must
provide a notice to each affected
individual informing the individual of
his or her right to prohibit such
marketing. The regulation potentially
applies to all of the approximately
22,106 Covered Persons registered with
the Commission, although only
approximately 15,474 of them have one
or more corporate affiliates, and the
regulation would require only
approximately 2,211 of them to provide
consumers with notice and an opt-out
opportunity.
The Commission has estimated that
each of the approximately 15,474
Covered Persons having one or more
affiliates would require an average onetime burden of 1 hour to review affiliate
marketing practices, for a total of 15,474
hours, at a total staff cost of
approximately $3,791,130.
Approximately 2,211 Covered Persons
would be required to provide notice and
opt-out and would incur an average
first-year burden of 6 hours in doing so,
for a total estimated first-year burden of
13,266 hours, at a total staff cost of
approximately $2,510,590.50. With
regard to continuing notice burdens,
each of the approximately 2,211
Covered Persons required to provide
notice and opt-out would incur a onetime first-year burden of 2 hours to
develop notices for new consumers and
an annual burden of 2 hours to deliver
the notices and record any opt-outs, at
a total staff cost of approximately
$1,673,727. Averaged across the first
three years for which compliance would
be required, the total average yearly
burden would be approximately 12,528
hours and $7,975,447.50 in staff costs.
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.
Comments should be directed to (i)
Desk Officer for the Securities and
Exchange Commission, Office of
Information and Regulatory Affairs,
E:\FR\FM\19JYN1.SGM
19JYN1
39648
Federal Register / Vol. 72, No. 138 / Thursday, July 19, 2007 / Notices
Office of Management and Budget,
Room 10102, New Executive Office
Building, Washington, DC 20503, or by
sending 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 by sending an e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted to OMB within 30 days of
this notice.
Dated: July 12, 2007.
Nancy M. Morris,
Secretary.
[FR Doc. E7–13965 Filed 7–18–07; 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.
cprice-sewell on PROD1PC66 with NOTICES
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’’) has submitted to the
Office of Management and Budget a
request for extension of the previously
approved collection of information
discussed below.
Rule 15a–6 (17 CFR 240.15a–6) under
the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.) provides, among
other things, an exemption from brokerdealer registration for foreign brokerdealers that effect trades with or for U.S.
institutional investors through a U.S.
registered broker-dealer, provided that
the U.S. broker-dealer obtains certain
information about, and consents to
service of process from, the personnel of
the foreign broker-dealer involved in
such transactions, and maintains certain
records in connection therewith.
These requirements are intended to
ensure (a) that the U.S. broker-dealer
will receive notice of the identity of,
and has reviewed the background of,
foreign personnel who will contact U.S.
institutional investors, (b) that the
foreign broker-dealer and its personnel
effectively may be served with process
in the event enforcement action is
necessary, and (c) that the Commission
has ready access to information
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15:31 Jul 18, 2007
Jkt 211001
concerning these persons and their U.S.
securities activities.
In general, the records to be
maintained under Rule 15a–6 must be
kept for the applicable time periods as
set forth in Rule 17a–4 (17 CFR
240.17a–4) under the Exchange Act or,
with respect to the consents to service
of process, for a period of not less than
six years after the applicable person
ceases engaging in U.S. securities
activities. Reliance on the exemption set
forth in Rule 15a–6 is voluntary, but if
a foreign broker-dealer elects to rely on
such exemption, the collection of
information described therein is
mandatory. The collection does not
involve 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.
It is estimated that approximately
2,000 respondents will incur an average
burden of three hours per year to
comply with this rule, for a total burden
of 6,000 hours. At an average cost per
hour of approximately $100, the
resultant total cost of compliance for the
respondents is $600,000 per year (2,000
entities × 3 hours/entity × $100/hour =
$600,000).
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: July 12, 2007.
Nancy M. Morris,
Secretary.
[FR Doc. E7–13966 Filed 7–18–07; 8:45 am]
BILLING CODE 8010–01–P
PO 00000
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–56055; File No. SR–ISE–
2007–52]
Self-Regulatory Organizations;
International Securities Exchange,
LLC; Notice of Filing and Immediate
Effectiveness of a Proposed Rule
Change as Modified by Amendment
No. 1 Thereto Relating to Fee Waivers
July 12, 2007.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2
notice is hereby given that on June 27,
2007, the International Securities
Exchange, LLC (‘‘ISE’’ or ‘‘Exchange’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change as described in
Items I, II, and III below, which Items
have been substantially prepared by the
Exchange. On July 11, 2007, the
Exchange filed Amendment No. 1 to the
proposed rule change. ISE has
designated this proposal as one
establishing or changing a due, fee, or
other charge imposed by ISE under
Section 19(b)(3)(A)(ii) of the Act 3 and
Rule 19b–4(f)(2) thereunder,4 which
renders the proposal effective upon
filing with the Commission. The
Commission is publishing this notice to
solicit comments on the proposed rule
change, as amended, from interested
persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
ISE proposes to amend its Schedule of
Fees to extend two fee waivers. The text
of the proposed rule change is available
at the Commission’s Public Reference
Room, at the Exchange, and on its Web
site at https://www.ise.com.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
Exchange included statements
concerning the purpose of and basis for
the proposed rule change, and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in Sections A, B, and C below, of
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(ii).
4 17 CFR 240.19b–4(f)(2).
2 17
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]]>Agencies
[Federal Register Volume 72, Number 138 (Thursday, July 19, 2007)]
[Notices]
[Pages 39647-39648]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-13965]
-----------------------------------------------------------------------
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:
Regulation S-AM, SEC File No. 270-548, OMB Control No. 3235-
0609.
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
request[s] for extension of the previously approved collection[s] of
information discussed below.
Regulation S-AM: Limitation on Affiliate Marketing
Regulation S-AM implements the requirements of Section 214 of the
Fair and Accurate Credit Transactions Act of 2003 (Pub. L. 108-159)
(``FACT Act'') as applied to brokers, dealers, and investment
companies, as well as investment advisers and transfer agents that are
registered with the Commission (collectively, ``Covered Persons''). As
directed by Section 214 of the FACT Act, before a receiving affiliate
may make marketing solicitations based on the communication of certain
consumer financial information from a Covered Person, the Covered
Person must provide a notice to each affected individual informing the
individual of his or her right to prohibit such marketing. The
regulation potentially applies to all of the approximately 22,106
Covered Persons registered with the Commission, although only
approximately 15,474 of them have one or more corporate affiliates, and
the regulation would require only approximately 2,211 of them to
provide consumers with notice and an opt-out opportunity.
The Commission has estimated that each of the approximately 15,474
Covered Persons having one or more affiliates would require an average
one-time burden of 1 hour to review affiliate marketing practices, for
a total of 15,474 hours, at a total staff cost of approximately
$3,791,130. Approximately 2,211 Covered Persons would be required to
provide notice and opt-out and would incur an average first-year burden
of 6 hours in doing so, for a total estimated first-year burden of
13,266 hours, at a total staff cost of approximately $2,510,590.50.
With regard to continuing notice burdens, each of the approximately
2,211 Covered Persons required to provide notice and opt-out would
incur a one-time first-year burden of 2 hours to develop notices for
new consumers and an annual burden of 2 hours to deliver the notices
and record any opt-outs, at a total staff cost of approximately
$1,673,727. Averaged across the first three years for which compliance
would be required, the total average yearly burden would be
approximately 12,528 hours and $7,975,447.50 in staff costs.
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.
Comments should be directed to (i) Desk Officer for the Securities
and Exchange Commission, Office of Information and Regulatory Affairs,
[[Page 39648]]
Office of Management and Budget, Room 10102, New Executive Office
Building, Washington, DC 20503, or by sending 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 by sending
an e-mail to: PRA--Mailbox@sec.gov. Comments must be submitted to OMB
within 30 days of this notice.
Dated: July 12, 2007.
Nancy M. Morris,
Secretary.
[FR Doc. E7-13965 Filed 7-18-07; 8:45 am]
BILLING CODE 8010-01-P
