Submission for OMB Review; Comment Request, 46112-46113 [E7-16163]
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Federal Register / Vol. 72, No. 158 / Thursday, August 16, 2007 / Notices
also be used by the Commission or its
staff in connection with public analyses
of the responses. The likely respondents
to the questionnaire are the participants
in the voluntary program.
We estimate that each of 80
respondents will respond once and take
4 hours per response for a total
reporting burden of 320 hours.
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, Virginia 22312; or send an
e-mail to: PRA_Mailbox@sec.gov.
Comments must be submitted to OMB
within 30 days of this notice.
Dated: August 9, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–16091 Filed 8–15–07; 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 Investor
Education and Advocacy,
Washington, DC 20549–0213.
rwilkins on PROD1PC63 with NOTICES
Extension: Rule 17f–1(g); SEC File No. 270–
30; OMB Control No. 3235–0290.
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 17f–1(g) (17 CFR 240.17f–1(g))
of the Securities Exchange Act of 1934
(15 U.S.C. 78q(f)) (‘‘Act’’) Requirements
for reporting and inquiry with respect to
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17:27 Aug 15, 2007
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missing, lost, counterfeit or stolen
securities.
Paragraph (g) of Rule 17f–1 requires
that all reporting institutions (i.e., every
national securities exchange, member
thereof, registered securities association,
broker, dealer, municipal securities
dealer, registered transfer agent,
registered clearing agency, participant
therein, member of the Federal Reserve
System and bank insured by the FDIC)
maintain and preserve a number of
documents related to their participation
in the Lost and Stolen Securities
Program (‘‘Program’’) under Rule 17f–1.
The following documents must be kept
in an easily accessible place for three
years, according to paragraph (g): (1)
Copies or all reports of theft or loss
(Form X–17F–1A) filed with the
Commission’s designee: (2) All
agreements between reporting
institutions regarding registration in the
Program or other aspects of Rule 17f–1;
and (3) all confirmations or other
information received from the
Commission or its designee as a result
of inquiry.
Reporting institutions utilize these
records and reports (a) to report missing,
lost, stolen or counterfeit securities to
the database, (b) to confirm inquiry of
the database, and (c) to demonstrate
compliance with Rule 17f–1. The
Commission and the reporting
institutions’ examining authorities
utilize these records to monitor the
incidence of thefts and losses incurred
by reporting institutions and to
determine compliance with Rule 17f–1.
If such records were not retained by
reporting institutions, compliance with
Rule 17f–1 could not be monitored
effectively.
The Commission estimates that there
are 25,628 reporting institutions
(respondents) and, on average, each
respondent would need to retain 33
records annually, with each retention
requiring approximately 1 minute (33
minutes or .55 hours). The total
estimated annual burden is 14,095.4
hours (25,628 × .55 hours = 14,095.4).
Assuming an average hourly cost for
clerical work of $22.00, the average total
yearly record retention cost for each
respondent would be $12.10. Based on
these estimates, the total annual cost for
the estimated 25,628 reporting
institutions would be approximately
$310,099.
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
estimates of the burden of the proposed
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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.
Please direct your written comments
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 email to: PRA_Mailbox@sec.gov.
Comments must be submitted within 60
days of this notice.
Dated: August 9, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–16162 Filed 8–15–07; 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 Investor
Education and Advocacy,
Washington, DC 20549–0213.
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’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
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
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Federal Register / Vol. 72, No. 158 / Thursday, August 16, 2007 / Notices
rwilkins on PROD1PC63 with NOTICES
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
compliance for the respondents is
$55,150.
Rule 17a–1 does not assure
confidentiality for the records
maintained pursuant to the rule. The
records required by Rule 17a–1 are
available only for examination by the
Commission staff, state securities
authorities and the self-regulatory
organizations. Subject to the provisions
of the Freedom of Information Act, 5
U.S.C. 522, and the Commission’s rules
thereunder (17 CFR 200.80(b)(4)(iii)),
the Commission does not generally
publish or make available information
contained in any reports, summaries,
analyses, letters, or memoranda arising
out of, in anticipation of, or in
connection with an examination or
inspection of the books and records of
any person or any other investigation.
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.
Comments should be directed to (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 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 send an e-mail to:
PRA_Mailbox@sec.gov. Comments must
be submitted within 30 days of this
notice.
Dated: August 8, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–16163 Filed 8–15–07; 8:45 am]
17:27 Aug 15, 2007
[Release No. 34–56236; File No. SR–Amex–
2007–85]
Self-Regulatory Organizations; Notice
of Filing of Proposed Rule Change by
the American Stock Exchange LLC To
Establish a New Class of Off-Floor
Market Makers in ETFs and Equities
Called Designated Amex Remote
Traders
August 9, 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 August 8,
2007, the American Stock Exchange LLC
(‘‘Amex’’ 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 Amex.
The Commission is publishing this
notice to solicit comments on the
proposed rule change from interested
persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Amex proposes to adopt changes
to its rules to create a new class of offfloor market makers in all ETF and
equity-traded securities that trade on the
Exchange, including the
implementation of related changes to
the Exchange’s AEMISM trading
platform. These market makers, to be
called ‘‘Designated Amex Remote
Traders’’ or ‘‘DARTs,’’ will
electronically enter competitive
quotations on a regular basis sufficient
to satisfy market maker regulatory
requirements. Business requirements
will include minimum performance
standards, including that the quotations
entered must be on one side of the
NBBO for a required percentage of the
time in all assigned securities. The
purpose of the new program is to (1)
encourage competitive quoting within
the Amex and between the Amex and
other market centers, (2) retain and
increase order flow by attracting new
market makers to the Exchange, and (3)
encourage greater depth at or around the
NBBO.
The text of the proposed rule change
is available on the Amex’s Web site at
https://www.amex.com, the Amex’s
principal office, and at the
Commission’s Public Reference Room.
1 15
2 17
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U.S.C. 78s(b)(1).
CFR 240.19b–4.
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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
Amex 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 Amex has
prepared summaries, set forth in
sections A, B, and C below, of the most
significant aspects of such statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
In order to (1) Encourage competitive
quoting within the Amex and between
the Amex and other market centers, (2)
retain and increase equity and ETF
order flow in AEMI by attracting new
market makers to the Exchange, and (3)
encourage greater depth at or around the
NBBO, the Exchange proposes to adopt
changes to its rules to create a new class
of off-floor market makers in all ETF
and equity-traded securities that trade
on the Exchange, including the
implementation of related changes to
the Exchange’s AEMI trading platform.
These market makers, to be called
‘‘Designated Amex Remote Traders’’ or
‘‘DARTs,’’ will electronically enter
competitive quotations on a regular
basis sufficient to satisfy market maker
regulatory requirements. DARTs will
also have to meet certain business
requirements, which will include
minimum performance standards. The
Exchange anticipates that the
implementation of the DARTs program
should increase the liquidity available
in those securities to which DARTs are
assigned and reduce the likelihood of
tolerance breaches in AEMI due to the
resultant additional depth at or around
the NBBO.
DARTs will be members or member
organizations physically located offfloor that will electronically enter
competitive quotations into AEMI on a
regular basis in all securities to which
they are assigned in the DART program.
The proposed DART program is similar
to the Supplemental Registered Options
Traders (‘‘SROT’’) program
implemented by the Amex for options,3
with its own unique caveats. Under the
DART proposal, an Amex specialist firm
may also be a DART, although it may
3 See Amex Rule 993–ANTE (Supplemental
Registered Options Traders).
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]]>Agencies
[Federal Register Volume 72, Number 158 (Thursday, August 16, 2007)]
[Notices]
[Pages 46112-46113]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-16163]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon written request, copies available from: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
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'') has submitted to the Office of Management
and Budget (``OMB'') a request for extension of the previously approved
collection of information discussed below.
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
[[Page 46113]]
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 notice-registered 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
compliance for the respondents is $55,150.
Rule 17a-1 does not assure confidentiality for the records
maintained pursuant to the rule. The records required by Rule 17a-1 are
available only for examination by the Commission staff, state
securities authorities and the self-regulatory organizations. Subject
to the provisions of the Freedom of Information Act, 5 U.S.C. 522, and
the Commission's rules thereunder (17 CFR 200.80(b)(4)(iii)), the
Commission does not generally publish or make available information
contained in any reports, summaries, analyses, letters, or memoranda
arising out of, in anticipation of, or in connection with an
examination or inspection of the books and records of any person or any
other investigation. 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.
Comments should be directed to (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 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 send an e-
mail to: PRA--Mailbox@sec.gov. Comments must be submitted within 30
days of this notice.
Dated: August 8, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-16163 Filed 8-15-07; 8:45 am]
BILLING CODE 8010-01-P
