Submission for OMB Review; Comment Request, 53455 [E8-21528]
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Federal Register / Vol. 73, No. 180 / Tuesday, September 16, 2008 / Notices
Comments should be directed to:
Lewis W. Walker, Acting 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: September 8, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–21527 Filed 9–15–08; 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
ebenthall on PROD1PC60 with NOTICES
Extension:
Rule 10A–1, SEC File No. 270–425, OMB
Control No. 3235–0468
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 10A–1 (17 CFR 240.10A–1)
implements the reporting requirements
in Section 10A of the Securities
Exchange Act of 1934 (15 U.S.C. 78j-1),
which was enacted by Congress on
December 22, 1995 as part of the Private
Securities Litigation Reform Act of
1995, Public Law No. 104–67, 109 Stat
737. Under section 10A and Rule 10A–
1 reporting occurs only if a registrant’s
board of directors receives a report from
its auditors that (1) there is an illegal act
material to the registrant’s financial
statements, (2) senior management and
the board have not taken timely and
appropriate remedial action, and (3) the
failure to take such action is reasonably
expected to warrant the auditor’s
modification of the audit report or
resignation from the audit engagement.
The board of directors must notify the
Commission within one business day of
receiving such a report. If the board fails
to provide that notice, then the auditor,
within the next business day, must
provide the Commission with a copy of
the report that it gave to the board.
Likely respondents are those
registrants filing audited financial
VerDate Aug<31>2005
13:43 Sep 15, 2008
Jkt 214001
statements under the Securities
Exchange Act of 1934 (15 U.S.C. 78a, et
seq.) and the Investment Company Act
of 1940 (15 U.S.C. 80a-1, et seq.).
It is estimated that Rule 10A–1 results
in an aggregate additional reporting
burden of 10 hours per year. The
estimated average burden hours are
solely for purposes of the Paperwork
Reduction Act and are not derived from
a comprehensive or even a
representative survey or study of the
costs of SEC rules or forms.
There are no recordkeeping retention
periods in Rule 10A–1. Because of the
one business day reporting periods,
recordkeeping retention periods should
not be significant.
Filing the notice or report under Rule
10A–1 is mandatory once the conditions
noted above have been satisfied.
Because these notices and reports
discuss potential illegal acts, they are
considered to be investigative records
and are kept confidential.
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
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:
Kimberly_P._Nelson@omb.eop.gov; and
(ii) Lewis W. Walker, Acting 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: September 8, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–21528 Filed 9–15–08; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: U.S. Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213
Extension:
PO 00000
Frm 00050
Fmt 4703
Sfmt 4703
53455
Rule 17a–10, OMB Control No. 3235–0122,
SEC File No. 270–154
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 approval of
extension of the existing collection of
information provided for in the
following rule: Rule 17a–10 (17 CFR
240.17a–10) under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.) (‘‘Exchange Act’’).
Paragraph (a)(1) of Rule 17a–10
generally requires brokers and dealers
that are exempted from the requirement
to file monthly and quarterly reports
pursuant to paragraph (a) of Exchange
Act Rule 17a–5 (17 CFR 240.17a–5) to
file with the Commission the Facing
Page, a Statement of Income (Loss), and
balance sheet from Part IIA of Form X–
17A–5 1 (17 CFR 249.617), and Schedule
I of Form X–17A–5 not later than 17
business days after the end of each
calendar year.
Paragraph (a)(2) of Rule 17a–10
requires a broker or dealer subject to
Rule 17a–5(a) to submit Schedule I of
Form X–17A–5 with its Form X–17A–5
for the calendar quarter ending
December 31 of each year.
Paragraph (b) of Rule 17a–10 provides
that the provisions of paragraph (a) do
not apply to members of national
securities exchanges or registered
national securities associations that
maintain records containing the
information required by Form X–17A–5
and which transmit to the Commission
copies of the records pursuant to a plan
which has been declared effective by the
Commission.
The primary purpose of Rule 17a–10
is to obtain the economic and statistical
data necessary for an ongoing analysis
of the securities industry.
As originally adopted in 1968, Rule
17a–10 required brokers and dealers to
provide their revenue and expense data
on a special form. The Rule was
amended in 1977 to eliminate the form.
The data previously reported on the
form is now reported using Form X–
17A–5 and its supplementary schedules.
The Commission estimates that
approximately 500 broker-dealers will
spend an average of approximately 12
hours per year complying with Rule
17a-10. Thus, the total compliance
burden is estimated to be approximately
6,000 burden-hours per year.
1 Form X–17A–5 is the Financial and Operational
Combined Uniform Single Report (‘‘FOCUS
Report’’), which is used by brokers and dealers to
provide certain required information to the
Commission.
E:\FR\FM\16SEN1.SGM
16SEN1
]]>Agencies
[Federal Register Volume 73, Number 180 (Tuesday, September 16, 2008)]
[Notices]
[Page 53455]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-21528]
-----------------------------------------------------------------------
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 10A-1, SEC File No. 270-425, OMB Control No. 3235-0468
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 10A-1 (17 CFR 240.10A-1) implements the reporting requirements
in Section 10A of the Securities Exchange Act of 1934 (15 U.S.C. 78j-
1), which was enacted by Congress on December 22, 1995 as part of the
Private Securities Litigation Reform Act of 1995, Public Law No. 104-
67, 109 Stat 737. Under section 10A and Rule 10A-1 reporting occurs
only if a registrant's board of directors receives a report from its
auditors that (1) there is an illegal act material to the registrant's
financial statements, (2) senior management and the board have not
taken timely and appropriate remedial action, and (3) the failure to
take such action is reasonably expected to warrant the auditor's
modification of the audit report or resignation from the audit
engagement. The board of directors must notify the Commission within
one business day of receiving such a report. If the board fails to
provide that notice, then the auditor, within the next business day,
must provide the Commission with a copy of the report that it gave to
the board.
Likely respondents are those registrants filing audited financial
statements under the Securities Exchange Act of 1934 (15 U.S.C. 78a, et
seq.) and the Investment Company Act of 1940 (15 U.S.C. 80a-1, et
seq.).
It is estimated that Rule 10A-1 results in an aggregate additional
reporting burden of 10 hours per year. The estimated average burden
hours are solely for purposes of the Paperwork Reduction Act and are
not derived from a comprehensive or even a representative survey or
study of the costs of SEC rules or forms.
There are no recordkeeping retention periods in Rule 10A-1. Because
of the one business day reporting periods, recordkeeping retention
periods should not be significant.
Filing the notice or report under Rule 10A-1 is mandatory once the
conditions noted above have been satisfied. Because these notices and
reports discuss potential illegal acts, they are considered to be
investigative records and are kept confidential.
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 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 e-mail to: Kimberly_P._
Nelson@omb.eop.gov; and (ii) Lewis W. Walker, Acting 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: September 8, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-21528 Filed 9-15-08; 8:45 am]
BILLING CODE 8010-01-P
