[Federal Register Volume 80, Number 51 (Tuesday, March 17, 2015)]
[Notices]
[Pages 13922-13923]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-05986]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-433, OMB Control No. 3235-0489]
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC
20549-2736.
Extension:
Rule 17a-6. SEC File No. 270-433, OMB Control No. 3235-0489.
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 17a-6 (17 CFR 240.17a-6) under the
Securities Exchange Act of 1934 (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 17a-6 permits national securities exchanges, national
securities associations, registered clearing
[[Page 13923]]
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 the plan effective.
There are currently 29 SROs: 18 national securities exchanges, 1
national securities association, the MSRB, and 9 registered clearing
agencies. Of the 29 SROs, only 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. The Commission
estimates that each SRO that has filed a destruction plan will spend
approximately 30 hours per year making required revisions. Thus, the
total annual compliance burden is estimated to be 60 hours per year
based on two respondents. The approximate compliance cost per hour is
$380, resulting in a total internal cost of compliance for these
respondents of $22,800 per year (60 hours @$380 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.
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, 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: March 10, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-05986 Filed 3-16-15; 8:45 am]
BILLING CODE 8011-01-P