[Federal Register Volume 77, Number 9 (Friday, January 13, 2012)]
[Notices]
[Pages 2101-2102]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-530]
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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 12f-1, OMB Control No. 3235-0128, SEC File No. 270-139.
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 requests for extension of the previously approved collection
of information provided for in the following rule: Rule 12f-1 (17 CFR
240.12f-1).
Rule 12f-1 (the ``Rule''), originally adopted in 1934 pursuant to
Sections 12(f) and 23(a) of the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.) (``Act''), as modified in 1995 and 2005, sets forth
the information which an exchange must include in an application to
reinstate its ability to extend unlisted trading privileges to any
security for which such unlisted trading privileges have been suspended
by the Commission, pursuant to Section 12(f)(2)(A) of the Act. An
application must provide the name of the issuer, the title of the
security, the name of each national securities exchange, if any, on
which the security is listed or admitted to unlisted trading
privileges, whether transaction information concerning the security is
reported pursuant to an effective transaction reporting plan
contemplated by Rule 601 of Regulation
[[Page 2102]]
NMS, the date of the Commission's suspension of unlisted trading
privileges in the security on the exchange, and any other pertinent
information. Rule 12f-1 further requires a national securities exchange
seeking to reinstate its ability to extend unlisted trading privileges
to a security to indicate that it has provided a copy of such
application to the issuer of the security, as well as to any other
national securities exchange on which the security is listed or
admitted to unlisted trading privileges.
The information required by Rule 12f-1 enables the Commission to
make the necessary findings under the Act prior to granting
applications to reinstate unlisted trading privileges. This information
is also made available to members of the public who may wish to comment
upon the applications. Without the Rule, the Commission would be unable
to fulfill these statutory responsibilities.
There are currently 15 national securities exchanges subject to
Rule 12f-1. The burden of complying with Rule 12f-1 arises when a
potential respondent seeks to reinstate its ability to extend unlisted
trading privileges to any security for which unlisted trading
privileges have been suspended by the Commission, pursuant to Section
12(f)(2)(A) of the Act. The staff estimates that each application would
require approximately one hour to complete. Thus each potential
respondent would incur on average one burden hour in complying with the
Rule.
The Commission staff estimates that there could be as many as 15
responses annually and that each respondent's related cost of
compliance with Rule 12f-1 would be $168.00, or, the cost of one hour
of professional work of a paralegal needed to complete the application.
The total annual related reporting cost for all potential respondents,
therefore, is $2,520 (15 responses x $168.00 per response).
Compliance with Rule 12f-1 is mandatory. Rule 12f-1 does not have a
record retention requirement per se. However, responses made pursuant
to Rule 12f-1 are subject to the recordkeeping requirements of Rules
17a-3 and 17a-4 of the Act. Information received in response to Rule
12f-1 shall not be kept confidential; the information collected is
public 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. 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: [email protected]; 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: [email protected]. Comments must be submitted to OMB within 30 days of
this notice.
Dated: January 9, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-530 Filed 1-12-12; 8:45 am]
BILLING CODE 8011-01-P