[Federal Register Volume 77, Number 228 (Tuesday, November 27, 2012)]
[Notices]
[Pages 70854-70855]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-28641]
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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
20549-0213.
Extension: Rule 17a-25; OMB Control No. 3235-0540, SEC File No. 270-
482.
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
existing collection of information provided for in Rule 17a-25 (17 CFR
204.17a-25) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et
seq.).
Paragraph (a)(1) of Rule 17a-25 requires registered broker-dealers
to electronically submit securities transaction information, including
identifiers for prime brokerage arrangements, average price accounts,
and depository institutions, in a standardized format when requested by
the Commission staff. In addition, Paragraph (a)(3)(c) of Rule 17a-25
requires broker-dealers to submit, and keep current, contact person
information for electronic blue sheets (``EBS'') requests. The
Commission uses the information for enforcement inquiries or
investigations and trading reconstructions, as well as for inspections
and examinations.
The Commission estimates that it sends approximately 7169
electronic blue sheet requests per year to clearing broker-dealers, who
in turn submit an average 87,454 responses.\1\ It is estimated that
each broker-dealer who responds electronically will take 8 minutes, and
each broker-dealer who responds manually will take 1\1/2\ hours to
prepare and submit the securities trading data requested by the
Commission. The annual aggregate hour burden for electronic and manual
response firms is estimated to be 11,780 (87,454 x 8 / 60 = 11,660
hours) + (80 x 1.5 = 120 hours), respectively.\2\ In addition, the
Commission estimates that it will request 500 broker-dealers to supply
the contact information identified in Rule 17a-25(c) and estimates the
total aggregate burden hours to be 125. Thus, the annual aggregate
burden for all respondents to the collection of information
requirements of Rule 17a-25 is estimated at 11,905 hours (11,660 + 120
+ 125).
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\1\ A single EBS request has a unique number assigned to each
request (e.g. ``0900001''). However, the number of broker-dealer
responses generated from one EBS request can range from one to
several thousand. EBS requests are sent directly to clearing firms,
as the clearing firm is the repository for trading data for
securities transactions information provided by itself and
correspondent firms. Clearing brokers respond for themselves and
other firms they clear for.
\2\ Few of respondents submit manual EBS responses. The small
percentage of respondents that submit manual responses do so by
hand, via email, spreadsheet, disk, or other electronic media. Thus,
the number of manual submissions (80) has minimal effect on the
total annual burden hours.
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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.
[[Page 70855]]
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: [email protected]; and (ii) Thomas Bayer, Director/Chief Information
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon,
6432 General Green Way, Alexandria, Virginia 22312 or send an email to
[email protected]. Comments must be submitted to OMB within 30 days
of this notice.
Dated: November 20, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-28641 Filed 11-26-12; 8:45 am]
BILLING CODE 8011-01-P