[Federal Register Volume 80, Number 21 (Monday, February 2, 2015)]
[Notices]
[Page 5592]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-01872]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; 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 12f-1. SEC File No. 270-139, OMB Control No. 3235-0128.
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'') has submitted to the Office of
Management and Budget (``OMB'') a request for approval of extension of
the previously approved collection of information provided for in Rule
12f-1 (17 CFR 240.12f-1) under the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.).
Rule 12f-1 (the ``Rule''), originally adopted in 1934 pursuant to
Sections 12(f) and 23(a) of the Securities Exchange Act of 1934, 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. 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.
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.
The public may view 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) 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]. Comments must be submitted to OMB within 30
days of this notice.
Dated: January 27, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-01872 Filed 1-30-15; 8:45 am]
BILLING CODE 8011-01-P