Submission for OMB Review; Comment Request, 57771 [2011-23725]
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Federal Register / Vol. 76, No. 180 / Friday, September 16, 2011 / Notices
responses is evenly divided among the
exchanges. Since approximately 630
responses under Rule 12d2–2 and Form
25 for the purpose of delisting and/or
deregistration of equity securities are
received annually by the Commission
from the national securities exchanges,
the resultant aggregate annual reporting
hour burden would be, assuming on
average one hour per response, 630
annual burden hours for all exchanges
(15 exchanges × an average of 42
responses per exchange × 1 hour per
response). In addition, since
approximately 118 responses are
received by the Commission annually
from issuers wishing to remove their
securities from listing and registration
on exchanges, the Commission staff
estimates that the aggregate annual
reporting hour burden on issuers would
be, assuming on average one reporting
hour per response, 118 annual burden
hours for all issuers (118 issuers × 1
response per issuer × 1 hour per
response). Accordingly, the total annual
hour burden for all respondents to
comply with Rule 12d2–2 is 748 hours
(630 hours for exchanges + 118 hours
for issuers). The related internal labor
costs associated with these burden
hours are $40,784.50 total ($33,232.50
for exchanges ($52.75 per response ×
630 responses) and $7,552 for issuers
($64 per response × 118 responses)).
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:
Thomas Bayer, Director/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.
Comments must be submitted within 60
days of this notice.
Dated: September 13, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011–23802 Filed 9–15–11; 8:45 am]
BILLING CODE 8011–01–P
VerDate Mar<15>2010
16:26 Sep 15, 2011
Jkt 223001
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
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 10b–17; SEC File No. 270–427; OMB
Control No. 3235–0476.
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
(‘‘OMB’’) a request for approval of
extension of the existing collection of
information provided for in the
following rule: Rule 10b–17 (17 CFR
240.10b–17).
Rule 10b–17 requires any issuer of a
class of securities publicly traded by the
use of any means or instrumentality of
interstate commerce or of the mails or
of any facility of any national securities
exchange to give notice of the following
specific distributions relating to such
class of securities: (1) A dividend or
other distribution in cash or in kind
other than interest payments on debt
securities; (2) a stock split or reverse
stock split; or (3) a rights or other
subscription offering. Notice shall be
either given to the Financial Industry
Regulatory Authority, Inc. as successor
to the National Association of Securities
Dealers, Inc. or in accordance with the
procedures of the national securities
exchange upon which the securities are
registered. The Commission may
exempt an issuer of over-the-counter
(but not listed) securities from the
notice requirement. The requirements of
10b–17 do not apply to redeemable
securities of registered open-end
investment companies or unit
investment trusts.
The information required by Rule
10b–17 is necessary for the execution of
the Commission’s mandate under the
Securities Exchange Act of 1934 to
prevent fraudulent, manipulative, and
deceptive acts and practices. The
Commission has found that not
requiring formal notices of the types of
distributions covered by Rule 10b–17
has led to a number of abuses including
purchasers not being aware of their
rights to such distributions. It is only
through formal notice of the
distribution, including the date of the
distribution, that current holders,
potential buyers, or potential sellers of
the securities at issue will know their
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57771
rights to the distribution. Therefore, it is
only through formal notice that
investors can make an informed
decision as to whether to buy or sell a
security.
There are approximately 10,137
respondents per year. These
respondents make approximately 22,093
responses per year. Each response takes
approximately 10 minutes to complete.
Thus, the total compliance burden per
year is 3,682 burden hours. The total
internal labor cost for the respondents,
associated with producing and filing the
reports, is approximately $238,188.58.
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 PavlikSimon, 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: September 12, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011–23725 Filed 9–15–11; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–36; OMB Control No.
3235–0028]
Submission for OMB Review;
Comment Request
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension: Rule 17f–2(d).
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
E:\FR\FM\16SEN1.SGM
16SEN1
]]>Agencies
[Federal Register Volume 76, Number 180 (Friday, September 16, 2011)]
[Notices]
[Page 57771]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-23725]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; 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 10b-17; SEC File No. 270-427; OMB Control No. 3235-0476.
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 (``OMB'') a request for approval of extension of the
existing collection of information provided for in the following rule:
Rule 10b-17 (17 CFR 240.10b-17).
Rule 10b-17 requires any issuer of a class of securities publicly
traded by the use of any means or instrumentality of interstate
commerce or of the mails or of any facility of any national securities
exchange to give notice of the following specific distributions
relating to such class of securities: (1) A dividend or other
distribution in cash or in kind other than interest payments on debt
securities; (2) a stock split or reverse stock split; or (3) a rights
or other subscription offering. Notice shall be either given to the
Financial Industry Regulatory Authority, Inc. as successor to the
National Association of Securities Dealers, Inc. or in accordance with
the procedures of the national securities exchange upon which the
securities are registered. The Commission may exempt an issuer of over-
the-counter (but not listed) securities from the notice requirement.
The requirements of 10b-17 do not apply to redeemable securities of
registered open-end investment companies or unit investment trusts.
The information required by Rule 10b-17 is necessary for the
execution of the Commission's mandate under the Securities Exchange Act
of 1934 to prevent fraudulent, manipulative, and deceptive acts and
practices. The Commission has found that not requiring formal notices
of the types of distributions covered by Rule 10b-17 has led to a
number of abuses including purchasers not being aware of their rights
to such distributions. It is only through formal notice of the
distribution, including the date of the distribution, that current
holders, potential buyers, or potential sellers of the securities at
issue will know their rights to the distribution. Therefore, it is only
through formal notice that investors can make an informed decision as
to whether to buy or sell a security.
There are approximately 10,137 respondents per year. These
respondents make approximately 22,093 responses per year. Each response
takes approximately 10 minutes to complete. Thus, the total compliance
burden per year is 3,682 burden hours. The total internal labor cost
for the respondents, associated with producing and filing the reports,
is approximately $238,188.58.
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: September 12, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-23725 Filed 9-15-11; 8:45 am]
BILLING CODE 8011-01-P
