[Federal Register Volume 79, Number 231 (Tuesday, December 2, 2014)]
[Notices]
[Pages 71462-71463]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-28306]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: U.S. Securities and
Exchange Commission, Office of FOIA Services, 100 F Street NE.,
Washington, DC 20549-2736.
Extension:
Rule 12f-1; SEC File No. 270-139, OMB Control No. 3235-0128.
*COM048*Notice is hereby given that pursuant to the Paperwork
Reduction Act of 1995 (``PRA) (44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission (``Commission'') is soliciting comments on the
collection of information provided for in Rule 12f-1 (17 CFR 240.12f-
1), under the Securities Exchange Act of 1934 (``Act'') (15 U.S.C. 78a
et seq.). The Commission plans to submit this existing collection of
information to the Office of Management and Budget (``OMB'') for
extension and approval.
Rule 12f-1 (the ``Rule''), originally adopted in 1934 pursuant to
Sections 12(f) and 23(a) of the 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 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 18 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.
[[Page 71463]]
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 18
responses annually and that each respondent's related cost of
compliance with Rule 12f-1 would be $199.00, 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 $3,582 (18 responses x $199.00 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.
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
estimates of the burden of the proposed 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.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information under the PRA unless it
displays a currently valid OMB control number.
Please direct your written comments to: Pamela Dyson, Acting
Director/Chief Information Officer, Securities and Exchange Commission,
c/o Remi Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send
an email to: [email protected].
Dated: November 25, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-28306 Filed 12-1-14; 8:45 am]
BILLING CODE 8011-01-P