Proposed Collection; Comment Request, 67150-67152 [2010-27468]
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Federal Register / Vol. 75, No. 210 / Monday, November 1, 2010 / Notices
Subcommittee of the National Science
and Technology Council request
comments from the public regarding the
draft 2010 National Nanotechnology
Initiative (NNI) Strategic Plan. The draft
plan is posted at https://
strategy.nano.gov. Comments of
approximately one page or less in length
(4,000 characters) are requested. This
request will be active from November 1,
2010 to November 30, 2010.
DATES: Comments are invited beginning
November 1, 2010 and must be received
by 11:59 p.m. EST on November 30,
2010.
ADDRESSES: Respondents are
encouraged to register online at the NNI
Strategy Portal at https://
strategy.nano.gov to post their
comments (4,000 characters or less) as a
response to the request for public
comment. Alternatively, comments of
one page in length or less may be
submitted via e-mail to:
nnistrategy@ostp.gov. Please do not
include in your comments information
of a confidential nature, such as
sensitive personal information or
proprietary information.
Overview: The National
Nanotechnology Initiative (NNI)
Strategic Plan is the framework that
underpins the nanotechnology work of
the NNI member agencies. It aims to
ensure that advances in nanotechnology
research and development (R&D) and
their applications to agency missions
and the broader national interest
continue unabated in this still-young
field. Its purpose is to facilitate
achievement of the NNI vision by laying
out targeted guidance for agency
leaders, program managers, and the
research community regarding planning
and implementation of nanotechnology
R&D investments and activities.
The NNI is a U.S. Government R&D
program of 25 agencies working together
toward the common challenging vision
of a future in which the ability to
understand and control matter at the
nanoscale leads to a revolution in
technology and industry that benefits
society. The combined, coordinated
efforts of these agencies have
accelerated discovery, development,
and deployment of nanotechnology
towards agency missions and the
broader national interest. Established in
2001, the NNI involves nanotechnologyrelated activities by the 25 member
agencies, 15 of which have budgets for
nanotechnology R&D for Fiscal Year
(FY) 2011.
The NNI is managed within the
framework of the National Science and
Technology Council (NSTC), the
Cabinet-level council that coordinates
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science and technology across the
Federal government and interfaces with
other sectors. The Nanoscale Science,
Engineering, and Technology (NSET)
Subcommittee of the NSTC coordinates
planning, budgeting, program
implementation, and review of the NNI.
The NSET Subcommittee is composed
of senior representatives from agencies
participating in the NNI (https://
www.nano.gov).
The NSET Subcommittee has solicited
multiple streams of input to inform the
development of a revised NNI Strategic
Plan. Independent reviews of the NNI
by the President’s Council of Advisors
on Science and Technology and the
National Research Council of the
National Academies have made specific
recommendations for improving the
NNI. Additional input has come from
the NNI Strategic Planning Stakeholders
Workshop in Arlington, Virginia, on
July 13–14, 2010 (details available
online: https://www.nano.gov/html/
meetings/NNISPWorkshop/)
as well as in responses to a Request for
Information published in the Federal
Register on July 6, 2010 and comments
posted online in response to challenge
questions from July 13–August 15, 2010,
at the NNI Strategy Portal (https://
strategy.nano.gov).
The NNI Strategic Plan represents the
consensus of the participating agencies
as to the high-level goals and priorities
of the NNI and specific objectives for at
least the next three years. It describes
the four overarching goals of the NNI,
the major Program Component Areas
established in 2004 to broadly track the
categories of investments needed to
ensure the success of the initiative, and
the near-term objectives that will be the
concrete steps taken toward collectively
achieving the NNI vision and goals.
Finally, the plan describes collaborative
interagency activities, including three
Nanotechnology Signature Initiatives
that are a new model of specifically
targeted and closely coordinated
interagency, cross-sector collaboration
designed to accelerate innovation in
areas of national priority.
Your comments on this draft of the
plan must be received by 11:59 p.m.
EST on Sunday, November 30, 2010.
Please reference page and line numbers
as appropriate, and keep your responses
to 4,000 characters or less. You may also
e-mail your responses, no more than one
page in length, to nnistrategy@ostp.gov.
Responses to this notice are not offers
and cannot be accepted by the Federal
Government to form a binding contract
or issue a grant. Information obtained as
a result of this notice may be used by
the Federal Government for program
planning on a non-attribution basis. Do
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not include any information that might
be considered proprietary or
confidential. Please be aware that your
comments may be posted online.
FOR FURTHER INFORMATION CONTACT: Any
questions about the content of this
notice should be sent to
NNIStrategy@ostp.gov. Questions and
responses may also be sent by mail
(please allow additional time for
processing) to the address: Office of
Science and Technology Policy, ATTN:
NNI Strategic Plan Comments,
Executive Office of the President, 725
17th Street, Room 5228, Washington,
DC 20502. Phone: (202) 456–7116, Fax:
(202) 456–6021.
Ted Wackler,
Deputy Chief of Staff.
[FR Doc. 2010–27358 Filed 10–29–10; 8:45 am]
BILLING CODE 3170–W0–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension:
Rule 301 and Forms ATS and ATS–R; SEC
File No. 270–451; OMB Control No.
3235–0509.
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.
Regulation ATS provides a regulatory
structure for alternative trading systems.
Regulation ATS allows an alternative
trading system to choose between
registering as a broker-dealer and
complying with Regulation ATS, or
registering as a national securities
exchange. Regulation ATS provides the
regulatory framework for those
alternative trading systems that choose
to be regulated as broker-dealers. Rule
301 of Regulation ATS contains certain
notice and reporting requirements, as
well as additional obligations that apply
only to alternative trading systems with
significant volume. Rule 301 describes
the conditions with which an
alternative trading system must comply
to be registered as a broker-dealer. The
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Federal Register / Vol. 75, No. 210 / Monday, November 1, 2010 / Notices
Rule requires all alternative trading
systems that wish to comply with
Regulation ATS to file an initial
operation report on Form ATS. The
initial operation report requires
information regarding operation of the
system including the method of
operation, access criteria and the types
of securities traded. Alternative trading
systems are also required to supply
updates on Form ATS to the
Commission, describing material
changes to the system, and quarterly
transaction reports on Form ATS–R.
Alternative trading systems are also
required to file cessation of operations
reports on Form ATS.
An alternative trading system with
significant volume is required to comply
with requirements for fair access and
systems capacity, integrity and security.
Under Rule 301, such alternative trading
system is also required to establish
standards for granting access to trading
on its system. In addition, upon a
decision to deny or limit an investor’s
access to the system, an alternative
trading system is required to provide
notice to a user of the denial or
limitation and its right to an appeal to
the Commission. Regulation ATS
requires alternative trading systems to
preserve any records made in the
process of complying with the systems’
capacity, integrity and security
requirements. In addition, such
alternative trading systems are required
to notify Commission staff of material
systems outages and significant systems
changes.
The Commission uses the information
provided pursuant to the Rule to
monitor the growth and development of
alternative trading systems, and to
monitor whether the systems promote
fair and orderly securities markets and
operate in a manner that is consistent
with the federal securities laws. In
particular, the information collected and
reported to the Commission by
alternative trading systems enables the
Commission to evaluate the operation of
alternative trading systems with regard
to national market system goals, and
monitor the competitive effects of these
systems to ascertain whether the
regulatory framework remains
appropriate to the operation of such
systems. Without the information
provided on Forms ATS and ATS–R, the
Commission would not have readily
available information on a regular basis
in a format that would allow it to
determine whether such systems have
adequate safeguards.
Respondents consist of alternative
trading systems that choose to register
as broker-dealers and comply with the
requirements of Regulation ATS. The
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Commission estimates that there are
currently approximately 80
respondents.
An estimated 80 respondents will file
an average total of 552 responses per
year, which corresponds to an estimated
aggregated annual response burden of
1,792.5 hours (comprised of 1,356 hours
professional labor and 436.5 hours paraprofessional labor). At an average cost
per burden hour of approximately $316
for professional labor and $59 for paraprofessional labor, with an additional
35% of labor costs added to account for
overhead costs such as printing,
copying, and postage, the resultant total
related cost of compliance for these
respondents is $613,236.82 per year
((1,356 professional burden hours
multiplied by $316) plus (436.5 paraprofessional burden hours multiplied by
$59) equals $454,249.50; plus 35% for
overhead costs ($158,987.32) equals
$613,236.82; figures may vary slightly
due to arithmetic rounding).
An estimated 5 respondents will
commence operations as an ATS each
year, necessitating the filing of an initial
operation report on Form ATS. The
Commission estimates that the average
compliance burden for each respondent
would be 20 hours, comprising 13 hours
of in-house professional work and 7
hours of clerical work. Thus, the total
compliance burden per year is 100
hours (5 responses × 20 hours = 100
hours). The total cost of compliance for
the annual burden is $22,605 ($316 × 13
hours per response + $59 × 7 hours per
response = $4,521 per response; $4,521
× 5 responses = $22,605). In addition,
estimated overhead costs for printing,
copying, and postage equal to 35% of
the value of labor costs amount to
$1,582.35 per respondent ($4,521 times
35%). Thus, the Commission estimates
the total annualized cost burden would
be $7,911.75 ($1,582.35 × 5
respondents).
An estimated 80 respondents will file
an estimated two periodic amendments
to their initial operation report on Form
ATS each year, an estimated total of 160
responses. The Commission estimates
that the average compliance burden for
each response would be 2 hours,
comprising 1.5 hours of in-house
professional work and 0.5 hours of
clerical work. Thus, the total
compliance burden per year is 320
hours (160 responses × 2 hours = 320
hours). The total cost of compliance for
the annual burden is $1,007 ($316 × 1.5
hours per response + $59 × 0.5 hours per
response = $503.50 per response;
$503.50 × 160 responses = $80,560). In
addition, estimated overhead costs for
printing, copying, and postage equal to
35% of the value of labor costs amount
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67151
to $176.23 per response ($503.50 times
35%). Thus, the Commission estimates
the annualized cost burden for each
respondent would be $352.46 ($176.23
× 2 responses per respondent) and the
total annualized cost burden for all
respondents would be $28,196.80
($176.23 × 80 respondents × 2 responses
per respondent).
An estimated 80 respondents will file
four quarterly reports on Form ATS–R
each year for an estimated total of 320
responses. The Commission estimates
that that the average compliance burden
for each response would be 4 hours,
comprising 3 hours of in-house
professional work and 1 hour of clerical
work. Thus, the total compliance
burden per year is 1,280 hours (320
responses × 4 hours = 1,280 hours). The
total cost of compliance for the annual
burden is $322,240 ($316 × 3 hours per
response + $59 × 1 hours per response
= $1,007 per response; $1,007 × 320
responses = $322,240). In addition,
estimated overhead costs for printing,
copying, and postage equal to 35% of
the value of labor costs amount to
$352.45 per response ($1,007 times
35%). Thus, the Commission estimates
the annualized cost burden for each
respondent would be $1409.80 ($352.45
× 4 responses per respondent) and the
total annualized cost burden for all
respondents would be $112,784
($352.45 × 80 respondents × 4 responses
per respondent).
An estimated three respondents will
be required to file a cessation of
operations report on Form ATS each
year. The Commission estimates that the
average compliance burden for each
response would be 2 hours, comprising
1.5 hours of in-house professional work
and 0.5 hours of clerical work. Thus, the
total compliance burden per year is 6
hours (3 responses × 2 hours = 6 hours).
The total cost of compliance for the
annual burden is $1,510.50 ($316 × 1.5
hours per response + $59 × 0.5 hours per
response = $503.50 per response;
$503.50 × 3 responses = $1,510.50). In
addition, estimated overhead costs for
printing, copying, and postage equal to
35% of the value of labor costs amount
to $176.23 per respondent ($503.5 ×
35%). Thus, the Commission estimates
the total annualized cost burden would
be $528.69 ($176.23 × 3 respondents).
An estimated two respondents will
meet certain volume thresholds
requiring them to establish standards for
granting access on its trading system.
The Commission estimates that the
average compliance burden for each
response would be 5 hours of in-house
professional work at $316 per hour.
Thus, the total compliance burden per
year is 10 hours (2 responses × 5 hours
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Federal Register / Vol. 75, No. 210 / Monday, November 1, 2010 / Notices
= 10 hours). The total cost of
compliance for the annual burden is
$3,160 ($316 × 5 hours per response ×
2 responses = $3,160). In addition,
estimated overhead costs for printing,
copying, and postage equal to 35% of
the value of labor costs amount to $553
per response ($1,580 × 35%). Thus, the
Commission estimates the total
annualized cost burden would be $1,106
($553 × 2 respondents).
An estimated two respondents will
meet certain volume thresholds
requiring them to provide notice to any
user upon any decision to deny or limit
that user’s access to the system, and
these notice obligations will be triggered
an estimated 27 × per year for each
respondent. The Commission estimates
that the average compliance burden for
each response would be 1 hour of inhouse professional work at $316 per
hour. Thus, the total compliance burden
per year is 54 hours (2 respondents × 27
responses each × 1 hour = 54 hours).
The total cost of compliance for the
annual burden is $17,064 ($316 × 1 hour
per response × 54 responses = $17,064).
In addition, estimated overhead costs
for printing, copying, and postage equal
to 35% of the value of labor costs
amount to $110.60 per response ($316 ×
35%). Thus, the Commission estimates
the annualized cost burden for each
respondent would be $2986.20 ($110.60
× 27 responses per respondent) and the
total annualized cost burden for all
respondents would be $5972.40
($110.60 × 2 respondents × 27 responses
per respondent).
An estimated two respondents will
meet certain volume thresholds
requiring them to keep records relating
to any steps taken to comply with
systems capacity, integrity, and security
requirements under Rule 301. The
Commission estimates that the average
compliance burden for each response
would be 10 hours of in-house
professional work at $316 per hour.
Thus, the total compliance burden per
year is 20 hours (2 respondents × 10
hours = 20 hours). The total cost of
compliance for the annual burden is
$6,320 ($316 × 20 hours = $6,320). In
addition, estimated overhead costs for
printing, copying, and postage equal to
35% of the value of labor costs amount
to $1,106 per response ($3,160 × 35%).
Thus, the Commission estimates the
total annualized cost burden would be
$2,212 ($1,106 × 2 respondents).
An estimated two respondents will
meet certain volume thresholds
requiring them to provide a notice to the
Commission to report any systems
outages, and these notice obligations
will be triggered an estimated 5 times
per year for each respondent. The
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Commission estimates that the average
compliance burden for each response
would be .25 hours of in-house
professional work at $316 per hour.
Thus, the total compliance burden per
year is 2.5 hours (2 respondents × 5
responses each × .25 hours = 2.5 hours).
The total cost of compliance for the
annual burden is $790 ($316 × .25 hours
per response × 10 responses = $790). In
addition, estimated overhead costs for
printing, copying, and postage equal to
35% of the value of labor costs amount
to $27.65 per response ($79 × 35%).
Thus, the Commission estimates the
annualized cost burden for each
respondent would be $138.25 ($27.65 ×
5 responses per respondent) and the
total annualized cost burden for all
respondents would be $276.50 ($27.65 ×
2 respondents × 5 responses per
respondent).
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 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: Jeffrey Heslop, Acting Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 6432 General Green Way,
Alexandria, Virginia 22312 or send an
e-mail to: PRA_Mailbox@sec.gov.
Dated: October 25,2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–27468 Filed 10–29–10; 8:45 am]
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law–409, that the
Securities and Exchange Commission
will hold a closed meeting on Thursday,
November 4, 2010 at 1:30 p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
Frm 00074
Fmt 4703
Dated: October 28, 2010.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2010–27640 Filed 10–28–10; 4:15 pm]
BILLING CODE P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–63179; File No. SR–ISE–
2010–104]
Self-Regulatory Organizations;
International Securities Exchange,
LLC; Notice of Filing and Immediate
Effectiveness of Proposed Rule
Change Amending Its Schedule of
Fees
October 26, 2010.
BILLING CODE 8011–01–P
PO 00000
will attend the closed meeting. Certain
staff members who have an interest in
the matters also may be present.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
and 17 CFR 200.402(a)(3), (5), (7), 9(ii)
and (10), permit consideration of the
scheduled matters at the Closed
Meeting.
Commissioner Paredes, as duty
officer, voted to consider the items
listed for the closed meeting in a closed
session, and determined that no earlier
notice thereof was possible.
The subject matter of the closed
meeting scheduled for Thursday,
November 4, 2010 will be: Institution
and settlement of injunctive actions;
institution and settlement of
administrative proceedings; and other
matters relating to enforcement
proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
For further information and to
ascertain what, if any, matters have been
added, deleted or postponed, please
contact: The Office of the Secretary at
(202) 551–5400.
Sfmt 4703
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 October
19, 2010, International Securities
Exchange, LLC (‘‘ISE’’ 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 prepared by the Exchange.
The Commission is publishing this
1 15
2 17
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U.S.C. 78s(b)(1).
CFR 240.19b–4.
01NON1
]]>Agencies
[Federal Register Volume 75, Number 210 (Monday, November 1, 2010)]
[Notices]
[Pages 67150-67152]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-27468]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549.
Extension:
Rule 301 and Forms ATS and ATS-R; SEC File No. 270-451; OMB
Control No. 3235-0509.
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.
Regulation ATS provides a regulatory structure for alternative
trading systems. Regulation ATS allows an alternative trading system to
choose between registering as a broker-dealer and complying with
Regulation ATS, or registering as a national securities exchange.
Regulation ATS provides the regulatory framework for those alternative
trading systems that choose to be regulated as broker-dealers. Rule 301
of Regulation ATS contains certain notice and reporting requirements,
as well as additional obligations that apply only to alternative
trading systems with significant volume. Rule 301 describes the
conditions with which an alternative trading system must comply to be
registered as a broker-dealer. The
[[Page 67151]]
Rule requires all alternative trading systems that wish to comply with
Regulation ATS to file an initial operation report on Form ATS. The
initial operation report requires information regarding operation of
the system including the method of operation, access criteria and the
types of securities traded. Alternative trading systems are also
required to supply updates on Form ATS to the Commission, describing
material changes to the system, and quarterly transaction reports on
Form ATS-R. Alternative trading systems are also required to file
cessation of operations reports on Form ATS.
An alternative trading system with significant volume is required
to comply with requirements for fair access and systems capacity,
integrity and security. Under Rule 301, such alternative trading system
is also required to establish standards for granting access to trading
on its system. In addition, upon a decision to deny or limit an
investor's access to the system, an alternative trading system is
required to provide notice to a user of the denial or limitation and
its right to an appeal to the Commission. Regulation ATS requires
alternative trading systems to preserve any records made in the process
of complying with the systems' capacity, integrity and security
requirements. In addition, such alternative trading systems are
required to notify Commission staff of material systems outages and
significant systems changes.
The Commission uses the information provided pursuant to the Rule
to monitor the growth and development of alternative trading systems,
and to monitor whether the systems promote fair and orderly securities
markets and operate in a manner that is consistent with the federal
securities laws. In particular, the information collected and reported
to the Commission by alternative trading systems enables the Commission
to evaluate the operation of alternative trading systems with regard to
national market system goals, and monitor the competitive effects of
these systems to ascertain whether the regulatory framework remains
appropriate to the operation of such systems. Without the information
provided on Forms ATS and ATS-R, the Commission would not have readily
available information on a regular basis in a format that would allow
it to determine whether such systems have adequate safeguards.
Respondents consist of alternative trading systems that choose to
register as broker-dealers and comply with the requirements of
Regulation ATS. The Commission estimates that there are currently
approximately 80 respondents.
An estimated 80 respondents will file an average total of 552
responses per year, which corresponds to an estimated aggregated annual
response burden of 1,792.5 hours (comprised of 1,356 hours professional
labor and 436.5 hours para-professional labor). At an average cost per
burden hour of approximately $316 for professional labor and $59 for
para-professional labor, with an additional 35% of labor costs added to
account for overhead costs such as printing, copying, and postage, the
resultant total related cost of compliance for these respondents is
$613,236.82 per year ((1,356 professional burden hours multiplied by
$316) plus (436.5 para-professional burden hours multiplied by $59)
equals $454,249.50; plus 35% for overhead costs ($158,987.32) equals
$613,236.82; figures may vary slightly due to arithmetic rounding).
An estimated 5 respondents will commence operations as an ATS each
year, necessitating the filing of an initial operation report on Form
ATS. The Commission estimates that the average compliance burden for
each respondent would be 20 hours, comprising 13 hours of in-house
professional work and 7 hours of clerical work. Thus, the total
compliance burden per year is 100 hours (5 responses x 20 hours = 100
hours). The total cost of compliance for the annual burden is $22,605
($316 x 13 hours per response + $59 x 7 hours per response = $4,521 per
response; $4,521 x 5 responses = $22,605). In addition, estimated
overhead costs for printing, copying, and postage equal to 35% of the
value of labor costs amount to $1,582.35 per respondent ($4,521 times
35%). Thus, the Commission estimates the total annualized cost burden
would be $7,911.75 ($1,582.35 x 5 respondents).
An estimated 80 respondents will file an estimated two periodic
amendments to their initial operation report on Form ATS each year, an
estimated total of 160 responses. The Commission estimates that the
average compliance burden for each response would be 2 hours,
comprising 1.5 hours of in-house professional work and 0.5 hours of
clerical work. Thus, the total compliance burden per year is 320 hours
(160 responses x 2 hours = 320 hours). The total cost of compliance for
the annual burden is $1,007 ($316 x 1.5 hours per response + $59 x 0.5
hours per response = $503.50 per response; $503.50 x 160 responses =
$80,560). In addition, estimated overhead costs for printing, copying,
and postage equal to 35% of the value of labor costs amount to $176.23
per response ($503.50 times 35%). Thus, the Commission estimates the
annualized cost burden for each respondent would be $352.46 ($176.23 x
2 responses per respondent) and the total annualized cost burden for
all respondents would be $28,196.80 ($176.23 x 80 respondents x 2
responses per respondent).
An estimated 80 respondents will file four quarterly reports on
Form ATS-R each year for an estimated total of 320 responses. The
Commission estimates that that the average compliance burden for each
response would be 4 hours, comprising 3 hours of in-house professional
work and 1 hour of clerical work. Thus, the total compliance burden per
year is 1,280 hours (320 responses x 4 hours = 1,280 hours). The total
cost of compliance for the annual burden is $322,240 ($316 x 3 hours
per response + $59 x 1 hours per response = $1,007 per response; $1,007
x 320 responses = $322,240). In addition, estimated overhead costs for
printing, copying, and postage equal to 35% of the value of labor costs
amount to $352.45 per response ($1,007 times 35%). Thus, the Commission
estimates the annualized cost burden for each respondent would be
$1409.80 ($352.45 x 4 responses per respondent) and the total
annualized cost burden for all respondents would be $112,784 ($352.45 x
80 respondents x 4 responses per respondent).
An estimated three respondents will be required to file a cessation
of operations report on Form ATS each year. The Commission estimates
that the average compliance burden for each response would be 2 hours,
comprising 1.5 hours of in-house professional work and 0.5 hours of
clerical work. Thus, the total compliance burden per year is 6 hours (3
responses x 2 hours = 6 hours). The total cost of compliance for the
annual burden is $1,510.50 ($316 x 1.5 hours per response + $59 x 0.5
hours per response = $503.50 per response; $503.50 x 3 responses =
$1,510.50). In addition, estimated overhead costs for printing,
copying, and postage equal to 35% of the value of labor costs amount to
$176.23 per respondent ($503.5 x 35%). Thus, the Commission estimates
the total annualized cost burden would be $528.69 ($176.23 x 3
respondents).
An estimated two respondents will meet certain volume thresholds
requiring them to establish standards for granting access on its
trading system. The Commission estimates that the average compliance
burden for each response would be 5 hours of in-house professional work
at $316 per hour. Thus, the total compliance burden per year is 10
hours (2 responses x 5 hours
[[Page 67152]]
= 10 hours). The total cost of compliance for the annual burden is
$3,160 ($316 x 5 hours per response x 2 responses = $3,160). In
addition, estimated overhead costs for printing, copying, and postage
equal to 35% of the value of labor costs amount to $553 per response
($1,580 x 35%). Thus, the Commission estimates the total annualized
cost burden would be $1,106 ($553 x 2 respondents).
An estimated two respondents will meet certain volume thresholds
requiring them to provide notice to any user upon any decision to deny
or limit that user's access to the system, and these notice obligations
will be triggered an estimated 27 x per year for each respondent. The
Commission estimates that the average compliance burden for each
response would be 1 hour of in-house professional work at $316 per
hour. Thus, the total compliance burden per year is 54 hours (2
respondents x 27 responses each x 1 hour = 54 hours). The total cost of
compliance for the annual burden is $17,064 ($316 x 1 hour per response
x 54 responses = $17,064). In addition, estimated overhead costs for
printing, copying, and postage equal to 35% of the value of labor costs
amount to $110.60 per response ($316 x 35%). Thus, the Commission
estimates the annualized cost burden for each respondent would be
$2986.20 ($110.60 x 27 responses per respondent) and the total
annualized cost burden for all respondents would be $5972.40 ($110.60 x
2 respondents x 27 responses per respondent).
An estimated two respondents will meet certain volume thresholds
requiring them to keep records relating to any steps taken to comply
with systems capacity, integrity, and security requirements under Rule
301. The Commission estimates that the average compliance burden for
each response would be 10 hours of in-house professional work at $316
per hour. Thus, the total compliance burden per year is 20 hours (2
respondents x 10 hours = 20 hours). The total cost of compliance for
the annual burden is $6,320 ($316 x 20 hours = $6,320). In addition,
estimated overhead costs for printing, copying, and postage equal to
35% of the value of labor costs amount to $1,106 per response ($3,160 x
35%). Thus, the Commission estimates the total annualized cost burden
would be $2,212 ($1,106 x 2 respondents).
An estimated two respondents will meet certain volume thresholds
requiring them to provide a notice to the Commission to report any
systems outages, and these notice obligations will be triggered an
estimated 5 times per year for each respondent. The Commission
estimates that the average compliance burden for each response would be
.25 hours of in-house professional work at $316 per hour. Thus, the
total compliance burden per year is 2.5 hours (2 respondents x 5
responses each x .25 hours = 2.5 hours). The total cost of compliance
for the annual burden is $790 ($316 x .25 hours per response x 10
responses = $790). In addition, estimated overhead costs for printing,
copying, and postage equal to 35% of the value of labor costs amount to
$27.65 per response ($79 x 35%). Thus, the Commission estimates the
annualized cost burden for each respondent would be $138.25 ($27.65 x 5
responses per respondent) and the total annualized cost burden for all
respondents would be $276.50 ($27.65 x 2 respondents x 5 responses per
respondent).
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 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: 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 25,2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-27468 Filed 10-29-10; 8:45 am]
BILLING CODE 8011-01-P
