Proposed Collection; Comment Request, 16018 [2011-6655]
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Federal Register / Vol. 76, No. 55 / Tuesday, March 22, 2011 / Notices
SECURITIES AND EXCHANGE
COMMISSION
srobinson on DSKHWCL6B1PROD with NOTICES
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 17a–22; SEC File No. 270–202;
OMB Control No. 3235–0196.
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 the following rule: Rule
17a–22 (17 C.F.R. 240.17a–22) under the
Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.). The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Rule 17a–22 requires all registered
clearing agencies to file with the
Commission three copies of all materials
they issue or make generally available to
their participants or other entities with
whom they have a significant
relationship. The filings with the
Commission must be made within ten
days after the materials are issued or
made generally available. When the
Commission is not the clearing agency’s
appropriate regulatory agency, the
clearing agency must file one copy of
the material with its appropriate
regulatory agency.
The Commission is responsible for
overseeing clearing agencies and uses
the information filed pursuant to Rule
17a–22 to determine whether a clearing
agency is implementing procedural or
policy changes. The information filed
aides the Commission in determining
whether such changes are consistent
with the purposes of Section 17A of the
Exchange Act. Also, the Commission
uses the information to determine
whether a clearing agency has changed
its rules without reporting the actual or
prospective change to the Commission
as required under Section 19(b) of the
Exchange Act.
The respondents to Rule 17a–22 are
registered clearing agencies. The
frequency of filings made by clearing
agencies pursuant to Rule 17a–22 varies
but on average there are approximately
200 filings per year per active clearing
agency. There are four active registered
clearing agencies. The Commission staff
estimates that each response requires
approximately .25 hour (fifteen
VerDate Mar<15>2010
17:11 Mar 21, 2011
Jkt 223001
minutes), which represents the time it
takes for a staff person at the clearing
agency to properly identify a document
subject to the rule, print and makes
copies, and mail that document to the
Commission. Thus, the total annual
burden for all active clearing agencies is
200 hours (4 clearing agencies
multiplied by 200 filings per clearing
agency multiplied by .25 hours) and a
total of 50 hours (800 responses
multiplied by .25 hours, divided by 4
active clearing agencies) per year are
expended by each respondent to comply
with the rule.
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 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.
The Commission may not conduct or
sponsor a collection of information
unless it displays a currently valid
control number. No person shall be
subject to any penalty for failing to
comply with a collection of information
subject to the PRA that does not display
a valid Office of Management and
Budget (OMB) control number.
Please direct your written comments
to: Thomas Bayer, Chief Information
Officer, Securities and Exchange
Commission, c/o Remi Pavlik-Simon,
6432 General Green Way, Alexandria,
VA 22312 or send an e-mail to:
PRA_Mailbox@sec.gov.
Dated: March 16, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011–6655 Filed 3–21–11; 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.
PO 00000
Frm 00085
Fmt 4703
Sfmt 4703
Extension:
Rule 102, SEC File No. 270–409, OMB
Control No. 3235–0467.
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 for the Rule 102 of
Regulation M (17 CFR 242.102), defined
as Activities by Issuers and Selling
Security Holders During a Distribution.
Rule 102 prohibits distribution
participants, issuers, and selling
security holders from purchasing
activities at specified times during a
distribution of securities. Persons
otherwise covered by these rules may
seek to use several applicable
exceptions such as exclusion for
actively traded reference securities and
the maintenance of policies regarding
information barriers between their
affiliates.
There are approximately 895
respondents per year that require an
aggregate total of 1,795 hours to comply
with this rule. Each respondent makes
an estimated 1 annual response. Each
response takes on average
approximately 2.006 hours to complete.
Thus, the total compliance burden per
year is 1,795 burden hours. The total
compliance cost for the respondents is
approximately $102,261.15, resulting in
a cost of compliance for the respondent
per response of approximately $114.26
(i.e., $102,261.15/895 responses). These
are internal labor costs and there are no
other costs.
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 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.
The Commission may not conduct or
sponsor a collection of information
unless it displays a currently valid
E:\FR\FM\22MRN1.SGM
22MRN1
]]>Agencies
[Federal Register Volume 76, Number 55 (Tuesday, March 22, 2011)]
[Notices]
[Page 16018]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-6655]
[[Page 16018]]
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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 17a-22; SEC File No. 270-202; OMB Control No. 3235-0196.
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 the following rule: Rule 17a-22 (17 C.F.R.
240.17a-22) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et
seq.). The Commission plans to submit this existing collection of
information to the Office of Management and Budget for extension and
approval.
Rule 17a-22 requires all registered clearing agencies to file with
the Commission three copies of all materials they issue or make
generally available to their participants or other entities with whom
they have a significant relationship. The filings with the Commission
must be made within ten days after the materials are issued or made
generally available. When the Commission is not the clearing agency's
appropriate regulatory agency, the clearing agency must file one copy
of the material with its appropriate regulatory agency.
The Commission is responsible for overseeing clearing agencies and
uses the information filed pursuant to Rule 17a-22 to determine whether
a clearing agency is implementing procedural or policy changes. The
information filed aides the Commission in determining whether such
changes are consistent with the purposes of Section 17A of the Exchange
Act. Also, the Commission uses the information to determine whether a
clearing agency has changed its rules without reporting the actual or
prospective change to the Commission as required under Section 19(b) of
the Exchange Act.
The respondents to Rule 17a-22 are registered clearing agencies.
The frequency of filings made by clearing agencies pursuant to Rule
17a-22 varies but on average there are approximately 200 filings per
year per active clearing agency. There are four active registered
clearing agencies. The Commission staff estimates that each response
requires approximately .25 hour (fifteen minutes), which represents the
time it takes for a staff person at the clearing agency to properly
identify a document subject to the rule, print and makes copies, and
mail that document to the Commission. Thus, the total annual burden for
all active clearing agencies is 200 hours (4 clearing agencies
multiplied by 200 filings per clearing agency multiplied by .25 hours)
and a total of 50 hours (800 responses multiplied by .25 hours, divided
by 4 active clearing agencies) per year are expended by each respondent
to comply with the rule.
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 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.
The Commission may not conduct or sponsor a collection of
information unless it displays a currently valid control number. No
person shall be subject to any penalty for failing to comply with a
collection of information subject to the PRA that does not display a
valid Office of Management and Budget (OMB) control number.
Please direct your written comments to: Thomas Bayer, Chief
Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 6432 General Green Way, Alexandria, VA 22312 or send an
e-mail to: PRA_Mailbox@sec.gov.
Dated: March 16, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-6655 Filed 3-21-11; 8:45 am]
BILLING CODE 8011-01-P
