Proposed Collection; Comment Request, 65392 [2010-26679]
Download as PDF
<![CDATA[
65392
Federal Register / Vol. 75, No. 204 / Friday, October 22, 2010 / Notices
that operate internal broker-dealer
systems. Those records are to be used in
monitoring compliance with the
Commission’s financial responsibility
program and antifraud and
antimanipulative rules, as well as other
rules and regulations of the Commission
and the self-regulatory organizations. It
is estimated that approximately 105
active broker-dealer respondents
registered with the Commission incur
an average burden of 2,835 hours per
year (105 respondents multiplied by 27
burden hours per respondent equals
2,385 total burden hours) to comply
with this rule.1
Rule 17a–3(a)(16) does not contain
record retention requirements.
Compliance with the rule is mandatory.
The required records are available only
to the examination staff of the
Commission and the self-regulatory
organization of which the broker-dealer
is a member. 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:
Shagufta_Ahmed@omb.eop.gov; and (ii)
Jeffrey Heslop, Acting Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 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.
Dated: October 18, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–26678 Filed 10–21–10; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
emcdonald on DSK2BSOYB1PROD with NOTICES
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:
Regulation S–AM; SEC File No. 270–
1 The average cost per hour is $258. Therefore the
total cost of compliance for the respondents is
$731,430.
VerDate Mar<15>2010
17:43 Oct 21, 2010
Jkt 223001
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’’) is soliciting comments
on the collection of information
provided for in Regulation S–AM (17
CFR part 248, subpart B), under the Fair
and Accurate Credit Transactions Act of
2003 (Pub. L. 108–159, Section 214, 117
Stat. 1952 (2003)) (‘‘FACT Act’’), the
Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.), the Investment
Company Act of 1940 (15 U.S.C. 80a–1
et seq.), and the Investment Advisers
Act of 1940 (15 U.S.C. 80b–1 et seq.).
The Commission plans to submit this
existing collection of information to the
Office of Management and Budget for
extension and approval.
Regulation S–AM implements the
requirements of Section 214 of the
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
21,496 Covered Persons registered with
the Commission, although only
approximately 12,038 of them have one
or more corporate affiliates, and the
regulation would require only
approximately 2,150 to provide
consumers with notice and an opt-out
opportunity.
The Commission staff estimates that
there are approximately 12,038 Covered
Persons having one or more affiliates,
and that they would require an average
one-time burden of 1 hour to review
affiliate marketing practices, for a total
of 12,038 hours, at a total staff cost of
approximately $2,527,929. The staff also
estimates that approximately 2,150
Covered Persons would be required to
provide notice and opt-out
opportunities to consumers, and would
incur an average first-year burden of 18
hours in doing so, for a total estimated
first-year burden of 38,700 hours, at a
total staff cost of approximately
$10,294,200. With regard to continuing
notice burdens, the staff estimates that
each of the approximately 2,150
Covered Persons required to provide
notice and opt-out opportunities to
PO 00000
Frm 00101
Fmt 4703
Sfmt 4703
consumers would incur a burden of
approximately 4 hours per year to create
and deliver notices to new consumers
and record any opt outs that are
received on an ongoing basis, for a total
of 8,600 hours, at a total staff cost of
approximately $490,200 per year.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
(b) the accuracy of the Commission’s
estimates of the burden of the proposed
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information on respondents; 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: Jeffrey Heslop, Acting Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 6432 General Green Way,
Alexandria, Virginia 22312 or send an email to: PRA_Mailbox@sec.gov.
Dated: October 13, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–26679 Filed 10–21–10; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–63121; File No. SR–Phlx–
2010–119]
Self-Regulatory Organizations;
NASDAQ OMX PHLX LLC; Order
Approving Proposed Rule Change To
Amend Exchange Rule 652 (‘‘Limitation
of Exchange Liability and
Reimbursement of Certain Expenses’’)
To Require Member Organizations on
the Exchange’s Trading Floor To
Procure and Maintain Liability
Insurance
October 18, 2010.
I. Introduction
On September 1, 2010, NASDAQ
OMX PHLX, Inc. (‘‘Phlx’’ or ‘‘Exchange’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’), pursuant
to Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
1 15
E:\FR\FM\22OCN1.SGM
U.S.C. 78s(b)(1).
22OCN1
]]>Agencies
[Federal Register Volume 75, Number 204 (Friday, October 22, 2010)]
[Notices]
[Page 65392]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-26679]
-----------------------------------------------------------------------
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:
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'') is soliciting comments on the collection of
information provided for in Regulation S-AM (17 CFR part 248, subpart
B), under the Fair and Accurate Credit Transactions Act of 2003 (Pub.
L. 108-159, Section 214, 117 Stat. 1952 (2003)) (``FACT Act''), the
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.), the Investment
Company Act of 1940 (15 U.S.C. 80a-1 et seq.), and the Investment
Advisers Act of 1940 (15 U.S.C. 80b-1 et seq.). The Commission plans to
submit this existing collection of information to the Office of
Management and Budget for extension and approval.
Regulation S-AM implements the requirements of Section 214 of the
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 21,496 Covered Persons
registered with the Commission, although only approximately 12,038 of
them have one or more corporate affiliates, and the regulation would
require only approximately 2,150 to provide consumers with notice and
an opt-out opportunity.
The Commission staff estimates that there are approximately 12,038
Covered Persons having one or more affiliates, and that they would
require an average one-time burden of 1 hour to review affiliate
marketing practices, for a total of 12,038 hours, at a total staff cost
of approximately $2,527,929. The staff also estimates that
approximately 2,150 Covered Persons would be required to provide notice
and opt-out opportunities to consumers, and would incur an average
first-year burden of 18 hours in doing so, for a total estimated first-
year burden of 38,700 hours, at a total staff cost of approximately
$10,294,200. With regard to continuing notice burdens, the staff
estimates that each of the approximately 2,150 Covered Persons required
to provide notice and opt-out opportunities to consumers would incur a
burden of approximately 4 hours per year to create and deliver notices
to new consumers and record any opt outs that are received on an
ongoing basis, for a total of 8,600 hours, at a total staff cost of
approximately $490,200 per year.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates of the burden of the proposed collection of information; (c)
ways to enhance the quality, utility, and clarity of the information on
respondents; 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: Jeffrey Heslop, Acting
Chief Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 6432 General Green Way, Alexandria, Virginia 22312 or
send an e-mail to: PRA_Mailbox@sec.gov.
Dated: October 13, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-26679 Filed 10-21-10; 8:45 am]
BILLING CODE 8011-01-P
