16018 Federal Register / Vol. 76, No. 55 / Tuesday, March 22, 2011 / Notices 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: U.S. Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 17a–22; SEC File No. 270–202; 

OMB Control No. 3235–0196. 

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 

provided for in the following rule: Rule 

17a–22 (17 C.F.R. 240.17a–22) 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 for extension 

and approval. 

Rule 17a–22 requires all registered 

clearing agencies to file with the 

Commission three copies of all materials 

they issue or make generally available to 

their participants or other entities with 

whom they have a significant 

relationship. The filings with the 

Commission must be made within ten 

days after the materials are issued or 

made generally available. When the 

Commission is not the clearing agency’s 

appropriate regulatory agency, the 

clearing agency must file one copy of 

the material with its appropriate 

regulatory agency. 

The Commission is responsible for 

overseeing clearing agencies and uses 

the information filed pursuant to Rule 

17a–22 to determine whether a clearing 

agency is implementing procedural or 

policy changes. The information filed 

aides the Commission in determining 

whether such changes are consistent 

with the purposes of Section 17A of the 

Exchange Act. Also, the Commission 

uses the information to determine 

whether a clearing agency has changed 

its rules without reporting the actual or 

prospective change to the Commission 

as required under Section 19(b) of the 

Exchange Act. 

The respondents to Rule 17a–22 are 

registered clearing agencies. The 

frequency of filings made by clearing 

agencies pursuant to Rule 17a–22 varies 

but on average there are approximately 

200 filings per year per active clearing 

agency. There are four active registered 

clearing agencies. The Commission staff 

estimates that each response requires 

approximately .25 hour (fifteen 

minutes), which represents the time it 

takes for a staff person at the clearing 

agency to properly identify a document 

subject to the rule, print and makes 

copies, and mail that document to the 

Commission. Thus, the total annual 

burden for all active clearing agencies is 

200 hours (4 clearing agencies 

multiplied by 200 filings per clearing 

agency multiplied by .25 hours) and a 

total of 50 hours (800 responses 

multiplied by .25 hours, divided by 4 

active clearing agencies) per year are 

expended by each respondent to comply 

with the rule. 

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 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. 

Please direct your written comments 

to: Thomas Bayer, Chief Information 

Officer, Securities and Exchange 

Commission, c/o Remi Pavlik-Simon, 

6432 General Green Way, Alexandria, 

VA 22312 or send an e-mail to: 

PRA_Mailbox@sec.gov. 

Dated: March 16, 2011. 

Cathy H. Ahn, 

Deputy Secretary. 

[FR Doc. 2011–6655 Filed 3–21–11; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: U.S. Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 102, SEC File No. 270–409, OMB 

Control No. 3235–0467. 

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 for the Rule 102 of 

Regulation M (17 CFR 242.102), defined 

as Activities by Issuers and Selling 

Security Holders During a Distribution. 

Rule 102 prohibits distribution 

participants, issuers, and selling 

security holders from purchasing 

activities at specified times during a 

distribution of securities. Persons 

otherwise covered by these rules may 

seek to use several applicable 

exceptions such as exclusion for 

actively traded reference securities and 

the maintenance of policies regarding 

information barriers between their 

affiliates. 

There are approximately 895 

respondents per year that require an 

aggregate total of 1,795 hours to comply 

with this rule. Each respondent makes 

an estimated 1 annual response. Each 

response takes on average 

approximately 2.006 hours to complete. 

Thus, the total compliance burden per 

year is 1,795 burden hours. The total 

compliance cost for the respondents is 

approximately $102,261.15, resulting in 

a cost of compliance for the respondent 

per response of approximately $114.26 

(i.e., $102,261.15/895 responses). These 

are internal labor costs and there are no 

other costs. 

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 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 


srobinson on DSKHWCL6B1PROD with NOTICES