Submission for OMB Review; Comment Request, 36939 [2011-15730]

Download as PDF Federal Register / Vol. 76, No. 121 / Thursday, June 23, 2011 / Notices 17, 2011 to: Paul Ponganis, Permit No. 2012–001. Nadene G. Kennedy, Permit Officer. [FR Doc. 2011–15673 Filed 6–22–11; 8:45 am] BILLING CODE 7555–01–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. erowe on DSK5CLS3C1PROD with NOTICES Extension: Rule 17Ab2–1, Form CA–1; SEC File No. 270–203; OMB Control No. 3235–0195. 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 a request for approval of extension of the previously approved collection of information provided for in Rule 17Ab2–1 (17 CFR 240.17Ab2–1) and Form CA–1: Registration of Clearing Agencies (17 CFR 249b.200) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). Rule 17Ab2–1 and Form CA–1 require clearing agencies to register with the Commission and to meet certain requirements with regard to, among other things, a clearing agency’s organization, capacities, and rules. The information is collected from the clearing agency upon the initial application for registration on Form CA–1. Thereafter, information is collected by amendment to the initial Form CA–1 when material changes in circumstances necessitate modification of the information previously provided to the Commission. The Commission uses the information disclosed on Form CA–1 to (i) Determine whether an applicant meets the standards for registration set forth in Section 17A of the Securities Exchange Act of 1934 (‘‘Exchange Act’’), (ii) enforce compliance with the Exchange Act’s registration requirement, and (iii) provide information about specific registered clearing agencies for compliance and investigatory purposes. Without Rule 17Ab2–1, the Commission could not perform these duties as statutorily required. The Commission staff estimates that each initial Form CA–1 requires approximately 130 hours to complete VerDate Mar<15>2010 15:02 Jun 22, 2011 Jkt 223001 and submit for approval. This burden is composed primarily of a one-time reporting burden that reflects the applicant’s staff time (i.e. internal labor costs) to prepare and submit the Form to the Commission. Hours required for amendments to Form CA–1 that must be submitted to the Commission in connection with material changes to the initial CA–1 can vary, depending upon the nature and extent of the amendment. Since the Commission only receives an average of one submission per year, the aggregate annual burden associated with compliance with Rule 17Ab2–1 and Form CA–1 is 130 hours. The main cost to respondents is associated with generating, maintaining, and providing the information sought by Form CA–1. The external costs associated with such activities include fees charged by outside lawyers and accountants to assist the registrant collect and prepare the information sought by the form (though such consultations are not required by the Commission) and are estimated to be approximately $18,000. The rule and form do not involve the collection of confidential information. 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. Background documentation for this information collection may be viewed at the following link, https:// www.reginfo.gov. 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) Thomas Bayer, Director/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. Comments must be submitted to OMB within 30 days of this notice. Dated: June 20, 2011. Cathy H. Ahn, Deputy Secretary. [FR Doc. 2011–15730 Filed 6–22–11; 8:45 am] BILLING CODE 8011–01–P PO 00000 Frm 00044 Fmt 4703 Sfmt 4703 36939 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. Extension: Rule 17f–2(c); SEC File No. 270–35; OMB Control No. 3235–0029. 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 17f–2(c) (17 CFR 240.17f–2(c)). Rule 17f–2(c) allows persons required to be fingerprinted pursuant to Section 17(f)(2) of the Securities Exchange Act of 1934 to submit their fingerprints through a registered securities exchange or a national securities association in accordance with a plan submitted to and approved by the Commission. Plans have been approved for the American, Boston, Chicago, New York, Pacific, and Philadelphia stock exchanges and for the Financial Industry Regulatory Authority (‘‘FINRA’’) and the Chicago Board Options Exchange. Currently, FINRA accounts for the bulk of the fingerprint submissions. It is estimated that 4,939 respondents submit approximately 288,000 sets of fingerprints (consisting of 133,000 electronic fingerprints and 155,000 fingerprint cards) to exchanges or a national securities association on an annual basis. The Commission estimates that it would take approximately 15 minutes to create and submit each fingerprint card. The total reporting burden is therefore estimated to be 72,000 hours, or approximately 15 hours per respondent, annually. In addition, the exchanges and FINRA charge an estimated $30.25 fee for processing fingerprint cards, resulting in a total annual cost to all 4,939 respondents of $8,712,000, or $1,764 per respondent per year. Because the Federal Bureau of Investigation will not accept fingerprint cards directly from submitting organizations, Commission approval of plans from certain exchanges and national securities associations is essential to the Congressional goal of fingerprint personnel in the security E:\FR\FM\23JNN1.SGM 23JNN1

Agencies

[Federal Register Volume 76, Number 121 (Thursday, June 23, 2011)]
[Notices]
[Page 36939]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-15730]


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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.

Extension:
    Rule 17Ab2-1, Form CA-1; SEC File No. 270-203; OMB Control No. 
3235-0195.

    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 a request for approval of extension of the previously 
approved collection of information provided for in Rule 17Ab2-1 (17 CFR 
240.17Ab2-1) and Form CA-1: Registration of Clearing Agencies (17 CFR 
249b.200) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et 
seq.).
    Rule 17Ab2-1 and Form CA-1 require clearing agencies to register 
with the Commission and to meet certain requirements with regard to, 
among other things, a clearing agency's organization, capacities, and 
rules. The information is collected from the clearing agency upon the 
initial application for registration on Form CA-1. Thereafter, 
information is collected by amendment to the initial Form CA-1 when 
material changes in circumstances necessitate modification of the 
information previously provided to the Commission.
    The Commission uses the information disclosed on Form CA-1 to (i) 
Determine whether an applicant meets the standards for registration set 
forth in Section 17A of the Securities Exchange Act of 1934 (``Exchange 
Act''), (ii) enforce compliance with the Exchange Act's registration 
requirement, and (iii) provide information about specific registered 
clearing agencies for compliance and investigatory purposes. Without 
Rule 17Ab2-1, the Commission could not perform these duties as 
statutorily required.
    The Commission staff estimates that each initial Form CA-1 requires 
approximately 130 hours to complete and submit for approval. This 
burden is composed primarily of a one-time reporting burden that 
reflects the applicant's staff time (i.e. internal labor costs) to 
prepare and submit the Form to the Commission. Hours required for 
amendments to Form CA-1 that must be submitted to the Commission in 
connection with material changes to the initial CA-1 can vary, 
depending upon the nature and extent of the amendment. Since the 
Commission only receives an average of one submission per year, the 
aggregate annual burden associated with compliance with Rule 17Ab2-1 
and Form CA-1 is 130 hours. The main cost to respondents is associated 
with generating, maintaining, and providing the information sought by 
Form CA-1. The external costs associated with such activities include 
fees charged by outside lawyers and accountants to assist the 
registrant collect and prepare the information sought by the form 
(though such consultations are not required by the Commission) and are 
estimated to be approximately $18,000. The rule and form do not involve 
the collection of confidential information.
    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.
    Background documentation for this information collection may be 
viewed at the following link, https://www.reginfo.gov. 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) Thomas Bayer, Director/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. Comments must be submitted to OMB within 30 days 
of this notice.

    Dated: June 20, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-15730 Filed 6-22-11; 8:45 am]
BILLING CODE 8011-01-P
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