[Federal Register Volume 77, Number 80 (Wednesday, April 25, 2012)]
[Notices]
[Pages 24747-24748]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-9937]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Extension of Existing Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Rule 17a-6; OMB Control No. 3235-0489; SEC File No. 270-433.
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.
Rule 17a-6 (17 CFR 240.17a-6) under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) permits national securities exchanges,
national securities associations, registered clearing agencies, and the
Municipal Securities Rulemaking Board (``MSRB'') (collectively,
``SROs'') to destroy or convert to microfilm or other recording media
records maintained under Rule 17a-1, if they have filed a record
destruction plan with the Commission and the Commission has declared
such plan effective.
There are currently 26 SROs: 15 national securities exchanges, 1
national securities association, the MSRB, and 9 registered clearing
agencies. Of the 26 SROs, 2 SRO respondents have filed a record
destruction plan with the Commission. The staff calculates that the
preparation and filing of a new record destruction plan should take 160
hours. Further, any existing SRO record destruction plans may require
revision, over time, in response to, for example, changes in document
retention technology, which the Commission estimates will take much
less than the 160 hours estimated for a new plan. Thus, the total
annual compliance burden is estimated to be 60 hours per year. The
approximate cost per hour is $305, resulting in a total cost of
compliance for these respondents of $18,300 per year (30 hours @ $305
per hour).
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
estimate of the burden of the 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.
Comments should be directed to Thomas Bayer, Director/Chief
Information Officer, Securities and
[[Page 24748]]
Exchange Commission, c/o Remi Pavlik-Simon, 6432 General Green Way,
Alexandria, VA 22312 or send an email to [email protected].
Dated: April 19, 2012.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2012-9937 Filed 4-24-12; 8:45 am]
BILLING CODE 8011-01-P