Submission for OMB Review; Comment Request, 51586-51587 [2012-20827]
Download as PDF
51586
Federal Register / Vol. 77, No. 165 / Friday, August 24, 2012 / Notices
erowe on DSK2VPTVN1PROD with
annual consideration of whether to
continue the plan.3 We therefore
estimate that the total hourly burden per
year for all funds to comply with
current information collection
requirements under rule 12b–1, is
159,375 hours (375 fund families × 425
hours per fund family = 159,375 hours).
If a currently operating fund seeks to
(i) adopt a new rule 12b–1 plan or (ii)
materially increase the amount it spends
for distribution under its rule 12b–1
plan, rule 12b–1 requires that the fund
obtain shareholder approval. As a
consequence, the fund will incur the
cost of a proxy.4 Based on previous
conversations with fund representatives,
Commission staff estimates that
approximately three funds per year
prepare a proxy in connection with the
adoption or material amendment of a
rule 12b–1 plan. Funds typically hire
outside legal counsel and proxy
solicitation firms to prepare, print, and
mail such proxies. The staff further
estimates that the cost of each fund’s
proxy is $32,174. Thus the total annual
cost burden of rule 12b–1 to the fund
industry is $96,522 (3 funds requiring a
proxy × $32,174 per proxy).
The estimate of average burden hours
is made solely for the purposes of the
Paperwork Reduction Act, and is not
derived from a comprehensive or even
a representative survey or study of the
costs of Commission rules and forms.
The collections of information
required by rule 12b–1 are necessary to
obtain the benefits of the rule. Notices
to the Commission will not be kept
confidential. 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.
The public may view the background
documentation for this information
collection at the following Web site,
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 email to:
Shagufta_Ahmed@omb.eop.gov; and (ii)
Thomas Bayer, Director/Chief
Information Officer, Securities and
3 We do not estimate any costs or time burden
related to the recordkeeping requirements in rule
12b–1, as funds are either required to maintain
these records pursuant to other rules or would keep
these records in any case as a matter of business
practice.
4 In general, a fund adopts a rule 12b–1 plan
before it begins operations. Therefore, the fund is
not required to obtain the approval of its public
shareholders because the fund’s shares have not yet
been offered to the public.
VerDate Mar<15>2010
15:22 Aug 23, 2012
Jkt 226001
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: August 20, 2012.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012–20825 Filed 8–23–12; 8:45 am]
BILLING CODE 8011–01–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. 20549–0213.
Extension:
Rule 204; SEC File No. 270–586; OMB
Control No. 3235–0647.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the
Securities and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
extension of the previously approved
collection of information provided for in
Rule 204 (17 CFR 242.204) under the
Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.).
Rule 204 requires that, subject to
certain limited exceptions, if a
participant of a registered clearing
agency has a fail to deliver position at
a registered clearing agency it must
immediately close out the fail to deliver
position by purchasing or borrowing
securities by no later than the beginning
of regular trading hours on the
settlement day following the day the
participant incurred the fail to deliver
position. Rule 204 is intended to help
further the Commission’s goal of
reducing fails to deliver by maintaining
the reductions in fails to deliver
achieved by the adoption of temporary
Rule 204T, as well as other actions
taken by the Commission. In addition,
Rule 204 is intended to help further the
Commission’s goal of addressing
potentially abusive ‘‘naked’’ short
selling in all equity securities.
The information collected under Rule
204 will continue to be retained and/or
provided to other entities pursuant to
the specific rule provisions and will be
available to the Commission and selfregulatory organization (‘‘SRO’’)
examiners upon request. The
PO 00000
Frm 00076
Fmt 4703
Sfmt 4703
information collected will continue to
aid the Commission and SROs in
monitoring compliance with these
requirements. In addition, the
information collected will aid those
subject to Rule 204 in complying with
its requirements. These collections of
information are mandatory.
Several provisions under Rule 204
will impose a ‘‘collection of
information’’ within the meaning of the
Paperwork Reduction Act.
I. Allocation Notification
Requirement: As of December 31, 2011,
there were 4,695 registered brokerdealers. Each of these broker-dealers
could clear trades through a participant
of a registered clearing agency and,
therefore, become subject to the
notification requirements of Rule
204(d). If a broker-dealer has been
allocated a portion of a fail to deliver
position in an equity security and after
the beginning of regular trading hours
on the applicable close-out date, the
broker-dealer has to determine whether
or not that portion of the fail to deliver
position was not closed out in
accordance with Rule 204(a), we
estimate that a broker-dealer will have
to make such determination with
respect to approximately 2.09 equity
securities per day.1 We estimate a total
of 2,472,762 notifications in accordance
with Rule 204(d) across all brokerdealers (that were allocated
responsibility to close out a fail to
deliver position) per year (4,695 brokerdealers notifying participants once per
day 2 on 2.09 securities, multiplied by
252 trading days in a year). The total
estimated annual burden hours per year
will be approximately 395,642 burden
1 As stated in the adopting release for Interim
Final Temporary Rule 204T, the Commission’s
Office of Economic Analysis (‘‘OEA’’) estimates that
there are approximately 9,809 fail to deliver
positions per settlement day. Across 4,695 brokerdealers, the number of securities per broker-dealer
per day is approximately 2.09 equity securities.
During the period from January to July 2008,
approximately 4,321 new fail to deliver positions
occurred per day. The National Securities Clearing
Corporation (‘‘NSCC’’) data for this period includes
only securities with at least 10,000 shares in fails
to deliver. To account for securities with fails to
deliver below 10,000 shares, the figure is multiplied
by a factor of 2.27. The factor is estimated from a
more complete data set obtained from NSCC during
the period from September 16, 2008 to September
22, 2008. It should be noted that these numbers
include securities that were not subject to the closeout requirement of Rule 203(b)(3) of Regulation
SHO. Exchange Act Release No. 58733 (Oct. 14,
2008), 73 FR 61706, 61718 n.107 (Oct. 17, 2008)
(‘‘Rule 204T Adopting Release’’).
2 Because failure to comply with the close-out
requirements of Rule 204(a) is a violation of the
rule, we believe that a broker-dealer would make
the notification to a participant that it is subject to
the borrowing requirements of Rule 204(b) at most
once per day.
E:\FR\FM\24AUN1.SGM
24AUN1
Federal Register / Vol. 77, No. 165 / Friday, August 24, 2012 / Notices
erowe on DSK2VPTVN1PROD with
hours (2,472,762 multiplied by 0.16
hours/notification).
II. Demonstration Requirement for
Fails to Deliver on Long Sales: As of
January 31, 2012, there were 191
participants of NSCC, the primary
registered clearing agency responsible
for clearing U.S. transactions that were
registered as broker-dealers.3 If a
participant of a registered clearing
agency has a fail to deliver position in
an equity security at a registered
clearing agency and determines that
such fail to deliver position resulted
from a long sale, we estimate that a
participant of a registered clearing
agency will have to make such
determination with respect to
approximately 35 securities per day.4
We estimate a total of 1,684,620
demonstrations in accordance with Rule
204(a)(1) across all participants per year
(191 participants checking for
compliance once per day on 35
securities, multiplied by 252 trading
days in a year). The total approximate
estimated annual burden hour per year
will be approximately 269,540 burden
hours (1,684,620 multiplied by 0.16
hours/documentation).
III. Pre-Borrow Notification
Requirement: As of January 31, 2012,
there were 191 participants of NSCC,
the primary registered clearing agency
responsible for clearing U.S.
transactions that were registered as
broker-dealers.5 If a participant of a
registered clearing agency has a fail to
deliver position in an equity security
and after the beginning of regular
trading hours on the applicable closeout date, the participant has to
determine whether or not the fail to
3 Those participants not registered as brokerdealers include such entities as banks, U.S.registered exchanges, and clearing agencies.
Although these entities are participants of a
registered clearing agency, generally these entities
do not engage in the types of activities that will
implicate the close-out requirements of the rule.
Such activities of these entities include creating and
redeeming Exchange Traded Funds, trading in
municipal securities, and using NSCC’s Envelope
Settlement Service or Inter-city Envelope
Settlement Service. These activities rarely lead to
fails to deliver and, if fails to deliver do occur, they
are small in number and are usually closed out
within a day.
4 OEA estimates approximately 68% of trades are
long sales and applies this percentage to the
number of fail to deliver positions per day. OEA
estimates that there are approximately 9,809 fail to
deliver positions per settlement day. Across 191
broker-dealer participants of the NSCC, the number
of securities per participant per day is
approximately 51 equity securities. 68% of 51
securities per day is approximately 35 securities per
day. The 68% figure is estimated as 100% minus
the proportion of short sale trades found in the
Regulation SHO Pilot Study. See https://
www.sec.gov/news/studies/2007/
regshopilot020607.pdf.
5 See supra note 3.
VerDate Mar<15>2010
15:22 Aug 23, 2012
Jkt 226001
deliver position was closed out in
accordance with Rule 204(a), we
estimate that a participant of a
registered clearing agency will have to
make such determination with respect
to approximately 51 equity securities
per day.6 We estimate a total of
2,454,732 notifications in accordance
with Rule 204(c) across all participants
per year (191 participants notifying
broker-dealers once per day on 51
securities, multiplied by 252 trading
days in a year). The total estimated
annual burden hours per year will be
approximately 392,758 burden hours
(2,454,732 @ 0.16 hours/
documentation).
IV. Certification Requirement: If the
broker-dealer determines that it has not
incurred a fail to deliver position on
settlement date in an equity security for
which the participant has a fail to
deliver position at a registered clearing
agency or has purchased securities in
accordance with the conditions
specified in Rule 204(e), we estimate
that a broker-dealer will have to make
such determinations with respect to
approximately 2.09 securities per day.
As of December 31, 2011, there were
4,695 registered broker-dealers. Each of
these broker-dealers may clear trades
through a participant of a registered
clearing agency. We estimate that on
average, a broker-dealer will have to
certify to the participant that it has not
incurred a fail to deliver position on
settlement date in an equity security for
which the participant has a fail to
deliver position at a registered clearing
agency or, alternatively, that it is in
compliance with the requirements set
forth in Rule 204(e), 2,472,762 times per
year (4,695 broker-dealers certifying
once per day on 2.09 securities,
multiplied by 252 trading days in a
year). The total approximate estimated
annual burden hour per year will be
approximately 395,642 burden hours
(2,472,762 multiplied by 0.16 hours/
certification).
V. Pre-Fail Credit Demonstration
Requirement: If a broker-dealer
6 OEA estimates that there are approximately
9,809 fail to deliver positions per day. Across 191
broker-dealer participants of the NSCC, the number
of securities per participant per day is
approximately 51 equity securities. During the
period from January to July 2008, approximately
4,321 new fail to deliver positions occurred per day.
The NSCC data for this period includes only
securities with at least 10,000 shares in fails to
deliver. To account for securities with fails to
deliver below 10,000 shares, the figure is grossedup by a factor of 2.27. The factor is estimated from
a more complete data set obtained from NSCC
during the period from September 16, 2008 to
September 22, 2008. It should be noted that these
numbers include securities that were not subject to
the close-out requirement of Rule 203(b)(3) of
Regulation SHO.
PO 00000
Frm 00077
Fmt 4703
Sfmt 9990
51587
purchases or borrows securities in
accordance with the conditions
specified in Rule 204(e) and determines
that it has a net long position or net flat
position on the settlement day on which
the broker-dealer purchases or borrows
securities we estimate that a brokerdealer will have to make such
determination with respect to
approximately 2.09 securities per day.7
As of December 31, 2011, there were
4,695 registered broker-dealers. We
estimate that on average, a broker-dealer
will have to demonstrate in its books
and records that it has a net long
position or net flat position on the
settlement day for which the brokerdealer is claiming credit, 2,472,762
times per year (4,695 broker-dealers
checking for compliance once per day
on 2.09 securities, multiplied by 252
trading days in a year). The total
approximate estimated annual burden
hour per year will be approximately
395,642 burden hours (2,472,762
multiplied by 0.16 hours/
demonstration).
The total aggregate annual burden for
the collection of information undertaken
pursuant to all five provisions is thus
1,849,224 hours per year (395,642 +
269,540 + 392,758 + 395,642 + 395,642).
The Commission may not conduct or
sponsor a collection of information
unless it displays a currently valid OMB
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 OMB control number.
Background documentation for this
information collection may be viewed at
the following Web site:
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 email 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 email
to: PRA_Mailbox@sec.gov. Comments
must be submitted to OMB within 30
days of this notice.
Dated: August 20, 2012.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012–20827 Filed 8–23–12; 8:45 am]
BILLING CODE 8011–01–P
7 See
E:\FR\FM\24AUN1.SGM
supra note 1.
24AUN1
Agencies
[Federal Register Volume 77, Number 165 (Friday, August 24, 2012)]
[Notices]
[Pages 51586-51587]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-20827]
-----------------------------------------------------------------------
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.
20549-0213.
Extension:
Rule 204; SEC File No. 270-586; OMB Control No. 3235-0647.
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and Exchange
Commission (``Commission'') has submitted to the Office of Management
and Budget (``OMB'') a request for approval of extension of the
previously approved collection of information provided for in Rule 204
(17 CFR 242.204) under the Securities Exchange Act of 1934 (15 U.S.C.
78a et seq.).
Rule 204 requires that, subject to certain limited exceptions, if a
participant of a registered clearing agency has a fail to deliver
position at a registered clearing agency it must immediately close out
the fail to deliver position by purchasing or borrowing securities by
no later than the beginning of regular trading hours on the settlement
day following the day the participant incurred the fail to deliver
position. Rule 204 is intended to help further the Commission's goal of
reducing fails to deliver by maintaining the reductions in fails to
deliver achieved by the adoption of temporary Rule 204T, as well as
other actions taken by the Commission. In addition, Rule 204 is
intended to help further the Commission's goal of addressing
potentially abusive ``naked'' short selling in all equity securities.
The information collected under Rule 204 will continue to be
retained and/or provided to other entities pursuant to the specific
rule provisions and will be available to the Commission and self-
regulatory organization (``SRO'') examiners upon request. The
information collected will continue to aid the Commission and SROs in
monitoring compliance with these requirements. In addition, the
information collected will aid those subject to Rule 204 in complying
with its requirements. These collections of information are mandatory.
Several provisions under Rule 204 will impose a ``collection of
information'' within the meaning of the Paperwork Reduction Act.
I. Allocation Notification Requirement: As of December 31, 2011,
there were 4,695 registered broker-dealers. Each of these broker-
dealers could clear trades through a participant of a registered
clearing agency and, therefore, become subject to the notification
requirements of Rule 204(d). If a broker-dealer has been allocated a
portion of a fail to deliver position in an equity security and after
the beginning of regular trading hours on the applicable close-out
date, the broker-dealer has to determine whether or not that portion of
the fail to deliver position was not closed out in accordance with Rule
204(a), we estimate that a broker-dealer will have to make such
determination with respect to approximately 2.09 equity securities per
day.\1\ We estimate a total of 2,472,762 notifications in accordance
with Rule 204(d) across all broker-dealers (that were allocated
responsibility to close out a fail to deliver position) per year (4,695
broker-dealers notifying participants once per day \2\ on 2.09
securities, multiplied by 252 trading days in a year). The total
estimated annual burden hours per year will be approximately 395,642
burden
[[Page 51587]]
hours (2,472,762 multiplied by 0.16 hours/notification).
---------------------------------------------------------------------------
\1\ As stated in the adopting release for Interim Final
Temporary Rule 204T, the Commission's Office of Economic Analysis
(``OEA'') estimates that there are approximately 9,809 fail to
deliver positions per settlement day. Across 4,695 broker-dealers,
the number of securities per broker-dealer per day is approximately
2.09 equity securities. During the period from January to July 2008,
approximately 4,321 new fail to deliver positions occurred per day.
The National Securities Clearing Corporation (``NSCC'') data for
this period includes only securities with at least 10,000 shares in
fails to deliver. To account for securities with fails to deliver
below 10,000 shares, the figure is multiplied by a factor of 2.27.
The factor is estimated from a more complete data set obtained from
NSCC during the period from September 16, 2008 to September 22,
2008. It should be noted that these numbers include securities that
were not subject to the close-out requirement of Rule 203(b)(3) of
Regulation SHO. Exchange Act Release No. 58733 (Oct. 14, 2008), 73
FR 61706, 61718 n.107 (Oct. 17, 2008) (``Rule 204T Adopting
Release'').
\2\ Because failure to comply with the close-out requirements of
Rule 204(a) is a violation of the rule, we believe that a broker-
dealer would make the notification to a participant that it is
subject to the borrowing requirements of Rule 204(b) at most once
per day.
---------------------------------------------------------------------------
II. Demonstration Requirement for Fails to Deliver on Long Sales:
As of January 31, 2012, there were 191 participants of NSCC, the
primary registered clearing agency responsible for clearing U.S.
transactions that were registered as broker-dealers.\3\ If a
participant of a registered clearing agency has a fail to deliver
position in an equity security at a registered clearing agency and
determines that such fail to deliver position resulted from a long
sale, we estimate that a participant of a registered clearing agency
will have to make such determination with respect to approximately 35
securities per day.\4\ We estimate a total of 1,684,620 demonstrations
in accordance with Rule 204(a)(1) across all participants per year (191
participants checking for compliance once per day on 35 securities,
multiplied by 252 trading days in a year). The total approximate
estimated annual burden hour per year will be approximately 269,540
burden hours (1,684,620 multiplied by 0.16 hours/documentation).
---------------------------------------------------------------------------
\3\ Those participants not registered as broker-dealers include
such entities as banks, U.S.-registered exchanges, and clearing
agencies. Although these entities are participants of a registered
clearing agency, generally these entities do not engage in the types
of activities that will implicate the close-out requirements of the
rule. Such activities of these entities include creating and
redeeming Exchange Traded Funds, trading in municipal securities,
and using NSCC's Envelope Settlement Service or Inter-city Envelope
Settlement Service. These activities rarely lead to fails to deliver
and, if fails to deliver do occur, they are small in number and are
usually closed out within a day.
\4\ OEA estimates approximately 68% of trades are long sales and
applies this percentage to the number of fail to deliver positions
per day. OEA estimates that there are approximately 9,809 fail to
deliver positions per settlement day. Across 191 broker-dealer
participants of the NSCC, the number of securities per participant
per day is approximately 51 equity securities. 68% of 51 securities
per day is approximately 35 securities per day. The 68% figure is
estimated as 100% minus the proportion of short sale trades found in
the Regulation SHO Pilot Study. See https://www.sec.gov/news/studies/2007/regshopilot020607.pdf.
---------------------------------------------------------------------------
III. Pre-Borrow Notification Requirement: As of January 31, 2012,
there were 191 participants of NSCC, the primary registered clearing
agency responsible for clearing U.S. transactions that were registered
as broker-dealers.\5\ If a participant of a registered clearing agency
has a fail to deliver position in an equity security and after the
beginning of regular trading hours on the applicable close-out date,
the participant has to determine whether or not the fail to deliver
position was closed out in accordance with Rule 204(a), we estimate
that a participant of a registered clearing agency will have to make
such determination with respect to approximately 51 equity securities
per day.\6\ We estimate a total of 2,454,732 notifications in
accordance with Rule 204(c) across all participants per year (191
participants notifying broker-dealers once per day on 51 securities,
multiplied by 252 trading days in a year). The total estimated annual
burden hours per year will be approximately 392,758 burden hours
(2,454,732 @ 0.16 hours/documentation).
---------------------------------------------------------------------------
\5\ See supra note 3.
\6\ OEA estimates that there are approximately 9,809 fail to
deliver positions per day. Across 191 broker-dealer participants of
the NSCC, the number of securities per participant per day is
approximately 51 equity securities. During the period from January
to July 2008, approximately 4,321 new fail to deliver positions
occurred per day. The NSCC data for this period includes only
securities with at least 10,000 shares in fails to deliver. To
account for securities with fails to deliver below 10,000 shares,
the figure is grossed-up by a factor of 2.27. The factor is
estimated from a more complete data set obtained from NSCC during
the period from September 16, 2008 to September 22, 2008. It should
be noted that these numbers include securities that were not subject
to the close-out requirement of Rule 203(b)(3) of Regulation SHO.
---------------------------------------------------------------------------
IV. Certification Requirement: If the broker-dealer determines that
it has not incurred a fail to deliver position on settlement date in an
equity security for which the participant has a fail to deliver
position at a registered clearing agency or has purchased securities in
accordance with the conditions specified in Rule 204(e), we estimate
that a broker-dealer will have to make such determinations with respect
to approximately 2.09 securities per day. As of December 31, 2011,
there were 4,695 registered broker-dealers. Each of these broker-
dealers may clear trades through a participant of a registered clearing
agency. We estimate that on average, a broker-dealer will have to
certify to the participant that it has not incurred a fail to deliver
position on settlement date in an equity security for which the
participant has a fail to deliver position at a registered clearing
agency or, alternatively, that it is in compliance with the
requirements set forth in Rule 204(e), 2,472,762 times per year (4,695
broker-dealers certifying once per day on 2.09 securities, multiplied
by 252 trading days in a year). The total approximate estimated annual
burden hour per year will be approximately 395,642 burden hours
(2,472,762 multiplied by 0.16 hours/certification).
V. Pre-Fail Credit Demonstration Requirement: If a broker-dealer
purchases or borrows securities in accordance with the conditions
specified in Rule 204(e) and determines that it has a net long position
or net flat position on the settlement day on which the broker-dealer
purchases or borrows securities we estimate that a broker-dealer will
have to make such determination with respect to approximately 2.09
securities per day.\7\ As of December 31, 2011, there were 4,695
registered broker-dealers. We estimate that on average, a broker-dealer
will have to demonstrate in its books and records that it has a net
long position or net flat position on the settlement day for which the
broker-dealer is claiming credit, 2,472,762 times per year (4,695
broker-dealers checking for compliance once per day on 2.09 securities,
multiplied by 252 trading days in a year). The total approximate
estimated annual burden hour per year will be approximately 395,642
burden hours (2,472,762 multiplied by 0.16 hours/demonstration).
---------------------------------------------------------------------------
\7\ See supra note 1.
---------------------------------------------------------------------------
The total aggregate annual burden for the collection of information
undertaken pursuant to all five provisions is thus 1,849,224 hours per
year (395,642 + 269,540 + 392,758 + 395,642 + 395,642).
The Commission may not conduct or sponsor a collection of
information unless it displays a currently valid OMB 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 OMB control number.
Background documentation for this information collection may be
viewed at the following Web site: 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 email 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 email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of
this notice.
Dated: August 20, 2012.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012-20827 Filed 8-23-12; 8:45 am]
BILLING CODE 8011-01-P