Proposed Collection; Comment Request, 70621 [E7-24035]
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Federal Register / Vol. 72, No. 238 / Wednesday, December 12, 2007 / Notices
is 254 hours per broker-dealer per year.
Thus the staff estimates that the total
compliance burden for 5,791
respondents is 1,470,914 hours.
The staff believes that compliance
personnel would be charged with
ensuring compliance with Commission
regulation, including Rule 17a–4. The
staff estimates that the hourly salary of
a compliance manager is $245 per
hour.1 Based upon these numbers, the
total cost of compliance for 5,791
respondents is approximately $360.4
million (1,470,914 yearly hours × $245).
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: December 5, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–24034 Filed 12–11–07; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
mstockstill on PROD1PC66 with NOTICES
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Rule 701; OMB Control No. 3235–0522;
SEC File No. 270–306.
1 This figure is based on the SIFMA Report on
Office Salaries In the Securities Industry 2006
(Compliance Manager).
VerDate Aug<31>2005
15:54 Dec 11, 2007
Jkt 214001
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 701(17 CFR 230.701) under the
Securities Act of 1933 (15 U.S.C. 77a et
seq.) requires issuers conducting
employee benefit plan offerings in
excess of $5 million in reliance on the
rule to provide the employees covered
by the plan with risk and financial
statement disclosures. The purpose of
Rule 701 is to ensure that a basic level
of information is available to employees
and others when substantial amounts of
securities are issued in compensatory
arrangements. Approximately 300
companies annually rely on the Rule
701 exemption. The Rule 701 disclosure
takes an estimated 2 hours per response
to prepare for a total annual burden of
600 hours. We estimate that 25% of the
2 hours per response (.5 hours) is
prepared by the company for a total
annual reporting burden of 150 hours (.5
hours per response × 300 responses).
Written comments are invited on: (a)
Whether this collection of information
is necessary for the proper performance
of the functions of the agency, including
whether the information will have
practical utility; (b) the accuracy of the
agency’s estimate of the burden imposed
by the 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.
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
e-mail to: PRA_Mailbox@sec.gov.
Dated: December 4, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–24035 Filed 12–11–07; 8:45 am]
BILLING CODE 8011–01–P
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70621
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–56904; File No. SR–CTA–
2007–02]
Consolidated Tape Association; Notice
of Filing of the Eleventh Substantive
Amendment to the Second
Restatement of the Consolidated Tape
Association Plan
December 5, 2007.
Pursuant to Section 11A of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 608 thereunder,2
notice is hereby given that on November
5, 2007, the Consolidated Tape
Association (‘‘CTA’’) Plan Participants
(‘‘Participants’’)3 filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘Commission’’) a proposal to
amend the Second Restatement of the
CTA Plan (the ‘‘ CTA Plan’’). The
proposal represents the eleventh
substantive amendment to the Plan
(‘‘Eleventh Substantive Amendment’’)
and reflects changes unanimously
adopted by the Participants. The
proposed amendment would permit
Participants to report to the Processor
under the CTA Plan the actual number
of shares for each transaction (exclusive
of odd-lots), rather than to report the
number of round lots for each
transaction. The Commission is
publishing this notice to solicit
comments from interested persons on
the proposed Eleventh Substantive
Amendment to the CTA Plan.
I. Rule 608(a)
A. Description and Purpose of the
Amendment
The Plan currently requires
Participants to include in their
transaction reports to the CTA Plan’s
processor the stock symbol of the
Eligible Security, the price at which the
transaction was executed, and the
volume, in round lots, involved in the
transaction.
The Eleventh Substantive
Amendment proposes to replace the
requirement that Participants report
each transaction’s volume in round lots
with a requirement that each Participant
1 15
U.S.C. 78k–1.
CFR 242.608.
3 Each Participant executed the proposed
amendment. The Participants are the American
Stock Exchange LLC; Boston Stock Exchange, Inc.;
Chicago Board Options Exchange, Inc.; Chicago
Stock Exchange, Inc.; International Securities
Exchange, LLC; The NASDAQ Stock Market LLC;
National Association of Securities Dealers, Inc. (n/
k/a the Financial Industry Regulatory Authority);
National Stock Exchange, Inc.; New York Stock
Exchange LLC.; NYSE Arca, Inc.; and Philadelphia
Stock Exchange, Inc.
2 17
E:\FR\FM\12DEN1.SGM
12DEN1
]]>Agencies
[Federal Register Volume 72, Number 238 (Wednesday, December 12, 2007)]
[Notices]
[Page 70621]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-24035]
-----------------------------------------------------------------------
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.
Extension:
Rule 701; OMB Control No. 3235-0522; SEC File No. 270-306.
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 701(17 CFR 230.701) under the Securities Act of 1933 (15
U.S.C. 77a et seq.) requires issuers conducting employee benefit plan
offerings in excess of $5 million in reliance on the rule to provide
the employees covered by the plan with risk and financial statement
disclosures. The purpose of Rule 701 is to ensure that a basic level of
information is available to employees and others when substantial
amounts of securities are issued in compensatory arrangements.
Approximately 300 companies annually rely on the Rule 701 exemption.
The Rule 701 disclosure takes an estimated 2 hours per response to
prepare for a total annual burden of 600 hours. We estimate that 25% of
the 2 hours per response (.5 hours) is prepared by the company for a
total annual reporting burden of 150 hours (.5 hours per response x 300
responses).
Written comments are invited on: (a) Whether this collection of
information is necessary for the proper performance of the functions of
the agency, including whether the information will have practical
utility; (b) the accuracy of the agency's estimate of the burden
imposed by the 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.
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 e-mail to: PRA--Mailbox@sec.gov.
Dated: December 4, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-24035 Filed 12-11-07; 8:45 am]
BILLING CODE 8011-01-P
