Proposed Collection; Comment Request, 59686-59687 [E8-23929]
Download as PDF
<![CDATA[
59686
Federal Register / Vol. 73, No. 197 / Thursday, October 9, 2008 / Notices
CONTESTING RECORD PROCEDURES:
Any individual who wants to contest
the contents of a record should make a
written request to the System Manager.
Requesters will be required to provide
adequate identification, such as a
driver’s license, employee identification
card, or other identifying
documentation. Additional
identification may be required in some
instances. Requests for correction or
amendment must identify the record to
be changed and the corrective action
sought. Complete Peace Corps Privacy
Act procedures are set out in 22 CFR
part 308.
RECORD SOURCE CATEGORIES:
Donor and Peace Corps volunteers.
EXEMPTIONS CLAIMED FOR THE SYSTEM:
None.
Dated: October 3, 2008.
Carl R. Sosebee,
Acting General Counsel.
[FR Doc. E8–23891 Filed 10–8–08; 8:45 am]
BILLING CODE 6051–01–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.
sroberts on PROD1PC70 with NOTICES
Extension:
Rule 31a–1, SEC File No. 270–173, OMB
Control No. 3235–0178.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501–3520), 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.
Rule 31a–1 (17 CFR 270.31a–1) under
the Investment Company Act of 1940
(the ‘‘Act’’) (15 U.S.C. 80a) is entitled
‘‘Records to be maintained by registered
investment companies, certain majorityowned subsidiaries thereof, and other
persons having transactions with
registered investment companies.’’ Rule
31a–1 requires registered investment
companies (‘‘funds’’), and every
underwriter, broker, dealer, or
investment adviser that is a majorityowned subsidiary of a fund, to maintain
and keep current accounts, books, and
other documents which constitute the
VerDate Aug<31>2005
21:01 Oct 08, 2008
Jkt 217001
record forming the basis for financial
statements required to be filed pursuant
to section 31 of the Act (15 U.S.C. 80a–
30) and of the auditor’s certificates
relating thereto. The rule lists specific
records to be maintained by funds. The
rule also requires certain underwriters,
brokers, dealers, depositors, and
investment advisers to maintain the
records that they are required to
maintain under federal securities laws.
There are approximately 4,621
investment companies registered with
the Commission, all of which are
required to comply with rule 31a–1. For
purposes of determining the burden
imposed by rule 31a–1, the Commission
staff estimates that each fund is divided
into approximately four series, on
average, and that each series is required
to comply with the recordkeeping
requirements of rule 31a–1. Based on
conversations with fund representatives,
it is estimated that rule 31a–1 imposes
an average burden of approximately
1,750 hours annually per series for a
total of 7,000 annual hours per fund.
The estimated total annual burden for
all 4,621 funds subject to the rule
therefore is approximately 32,347,000
hours. Based on conversations with
fund representatives, however, the
Commission staff estimates that even
absent the requirements of rule 31a–1,
90 percent of the records created
pursuant to the rule are the type that
generally would be created as a matter
of normal business practice and to
prepare financial statements. Thus, the
Commission staff estimates that the total
annual burden associated with rule 31a–
1 is 3,234,700 hours.
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act, and is not
derived from a comprehensive or even
a representative survey or study. 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 OMB control
number.
Written comments are requested on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information has practical utility; (b) the
accuracy of the Commission’s estimate
of the burden(s) of 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
PO 00000
Frm 00091
Fmt 4703
Sfmt 4703
in writing within 60 days of this
publication.
Please direct your written comments
to Lewis W. Walker, Acting Director/
CIO, 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.
Dated: October 1, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–23924 Filed 10–8–08; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; 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:
Rule 11a1–1(T), OMB Control No. 3235–
0478, SEC File No. 270–428.
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 11a1–1(T)—Transactions
Yielding Priority, Parity, and
Precedence
On January 27, 1976, the Commission
adopted Rule 11a1–1(T)—Transactions
Yielding Priority, Parity, and
Precedence (17 CFR 240.11a1–1(T))
under the Securities Exchange Act of
1934 (15 U.S.C. 78 et seq.) (‘‘Exchange
Act’’), to exempt certain transactions of
exchange members for their own
accounts that would otherwise be
prohibited under Section 11(a) of the
Exchange Act. The rule provides that a
member’s proprietary order may be
executed on the exchange of which the
trader is a member, if, among other
things: (1) The member discloses that a
bid or offer for its account is for its
account to any member with whom
such bid or offer is placed or to whom
it is communicated; (2) any such
member through whom that bid or offer
is communicated discloses to others
participating in effecting the order that
it is for the account of a member; and
(3) immediately before executing the
E:\FR\FM\09OCN1.SGM
09OCN1
Federal Register / Vol. 73, No. 197 / Thursday, October 9, 2008 / Notices
sroberts on PROD1PC70 with NOTICES
order, a member (other than a specialist
in such security) presenting any order
for the account of a member on the
exchange clearly announces or
otherwise indicates to the specialist and
to other members then present that he
is presenting an order for the account of
a member.
Without these requirements, it would
not be possible for the Commission to
monitor its mandate under the Exchange
Act to promote fair and orderly markets
and ensure that exchange members
have, as the principle purpose of their
exchange memberships, the conduct of
a public securities business.
There are approximately 1,151
respondents that require an aggregate
total of 32 hours to comply with this
rule. Each of these approximately 1,151
respondents makes an estimated 20
annual responses, for an aggregate of
23,020 responses per year. Each
response takes approximately 5 seconds
to complete. Thus, the total compliance
burden per year is 32 hours (23,020 × 5
seconds/60 seconds per minute/60
minutes per hour = 32 hours). The
approximate cost per hour is $519,
resulting in a total cost of compliance
for the annual burden of $16,608 (32
hours @ $519).
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 will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of 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.
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.
Dated: October 1, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–23929 Filed 10–8–08; 8:45 am]
BILLING CODE 8011–01–P
VerDate Aug<31>2005
21:01 Oct 08, 2008
Jkt 217001
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; 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:
Rule 12f–1, OMB Control No. 3235–0128,
SEC File No. 270–139.
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 the existing collection
of information to the Office of
Management and Budget for extension
and approval.
• Rule 12f–1 (17 CFR 240.12f–1)—
Applications for permission to reinstate
unlisted trading privileges.
Rule 12f–1 (the ‘‘Rule’’), originally
adopted in 1934 pursuant to Sections
12(f) and 23(a) of the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.) (‘‘Act’’), as modified in 1995 and
2005, sets forth the information which
an exchange must include in an
application to reinstate its ability to
extend unlisted trading privileges to any
security for which such unlisted trading
privileges have been suspended by the
Commission, pursuant to Section
12(f)(2)(A) of the Act. An application
must provide the name of the issuer, the
title of the security, the name of each
national securities exchange, if any, on
which the security is listed or admitted
to unlisted trading privileges, whether
transaction information concerning the
security is reported pursuant to an
effective transaction reporting plan
contemplated by Rule 601 of Regulation
NMS, the date of the Commission’s
suspension of unlisted trading
privileges in the security on the
exchange, and any other pertinent
information. Rule 12f–1 further requires
a national securities exchange seeking to
reinstate its ability to extend unlisted
trading privileges to a security to
indicate that it has provided a copy of
such application to the issuer of the
security, as well as to any other national
securities exchange on which the
security is listed or admitted to unlisted
trading privileges.
The information required by Rule
12f–1 enables the Commission to make
the necessary findings under the Act
prior to granting applications to
reinstate unlisted trading privileges.
PO 00000
Frm 00092
Fmt 4703
Sfmt 4703
59687
This information is also made available
to members of the public who may wish
to comment upon the applications.
Without the Rule, the Commission
would be unable to fulfill these
statutory responsibilities.
There are currently 11 national
securities exchanges subject to Rule
12f–1. The burden of complying with
Rule 12f–1 arises when a potential
respondent seeks to reinstate its ability
to extend unlisted trading privileges to
any security for which unlisted trading
privileges have been suspended by the
Commission, pursuant to Section
12(f)(2)(A) of the Act. The staff estimates
that each application would require
approximately one hour to complete.
Thus each potential respondent would
incur on average one burden hour in
complying with the Rule.
The Commission staff estimates that
there could be as many as 11 responses
annually and that each respondent’s
related cost of compliance with Rule
12f–1 would be $168.00, or, the cost of
one hour of professional work needed to
complete the application. The total
annual related reporting cost for all
potential respondents, therefore, is
$1,848.00 (11 responses × $168.00
/response).
Compliance with Rule 12f–1 is
mandatory. Rule 12f–1 does not have a
record retention requirement per se.
However, responses made pursuant to
Rule 12f–1 are subject to the
recordkeeping requirements of Rules
17a–3 and 17a–4 of the Act. Information
received in response to Rule 12f–1 shall
not be kept confidential; the information
collected is public information.
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 Commission’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
Lewis W. Walker, Acting 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.
E:\FR\FM\09OCN1.SGM
09OCN1
]]>Agencies
[Federal Register Volume 73, Number 197 (Thursday, October 9, 2008)]
[Notices]
[Pages 59686-59687]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-23929]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; 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:
Rule 11a1-1(T), OMB Control No. 3235-0478, SEC File No. 270-428.
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 11a1-1(T)--Transactions Yielding Priority, Parity,
and Precedence
On January 27, 1976, the Commission adopted Rule 11a1-1(T)--
Transactions Yielding Priority, Parity, and Precedence (17 CFR
240.11a1-1(T)) under the Securities Exchange Act of 1934 (15 U.S.C. 78
et seq.) (``Exchange Act''), to exempt certain transactions of exchange
members for their own accounts that would otherwise be prohibited under
Section 11(a) of the Exchange Act. The rule provides that a member's
proprietary order may be executed on the exchange of which the trader
is a member, if, among other things: (1) The member discloses that a
bid or offer for its account is for its account to any member with whom
such bid or offer is placed or to whom it is communicated; (2) any such
member through whom that bid or offer is communicated discloses to
others participating in effecting the order that it is for the account
of a member; and (3) immediately before executing the
[[Page 59687]]
order, a member (other than a specialist in such security) presenting
any order for the account of a member on the exchange clearly announces
or otherwise indicates to the specialist and to other members then
present that he is presenting an order for the account of a member.
Without these requirements, it would not be possible for the
Commission to monitor its mandate under the Exchange Act to promote
fair and orderly markets and ensure that exchange members have, as the
principle purpose of their exchange memberships, the conduct of a
public securities business.
There are approximately 1,151 respondents that require an aggregate
total of 32 hours to comply with this rule. Each of these approximately
1,151 respondents makes an estimated 20 annual responses, for an
aggregate of 23,020 responses per year. Each response takes
approximately 5 seconds to complete. Thus, the total compliance burden
per year is 32 hours (23,020 x 5 seconds/60 seconds per minute/60
minutes per hour = 32 hours). The approximate cost per hour is $519,
resulting in a total cost of compliance for the annual burden of
$16,608 (32 hours @ $519).
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 will
have practical utility; (b) the accuracy of the agency's estimate of
the burden of 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.
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 e-mail to: PRA_Mailbox@sec.gov.
Dated: October 1, 2008.
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8-23929 Filed 10-8-08; 8:45 am]
BILLING CODE 8011-01-P
