1566 Federal Register / Vol. 72, No. 8 / Friday, January 12, 2007 / Notices 

collection of information unless it 

displays a currently valid control 

number. 

General comments regarding the 

above information should be directed to 

the following persons: (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 e-mail to 

David_Rostker@omb.eop.gov; and (ii) R. 

Corey Booth, Director/Chief Information 

Officer, Securities and Exchange 

Commission, C/O Shirley Martinson 

6432 General Green Way, Alexandria, 

VA, 22312; or send an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted to OMB within 30 days of 

this notice. 

January 3, 2007. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–301 Filed 1–11–07; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of Filings and 

Information Services, Washington, DC 

20549. 

Extension: 

Rule 15c2–12; SEC File No. 270–330; OMB 

Control No. 3235–0372. 

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. 

• Rule 15c2–12 Disclosure 

requirements for municipal securities 

Rule 15c2–12 (17 CFR 240.15c2–12), 

under the Securities Exchange Act of 

1934 (15 U.S.C. 78 et. seq.), requires 

underwriters of municipal securities: (1) 

To obtain and review a copy of an 

official statement deemed final by an 

issuer of the securities, except for the 

omission of specified information; (2) in 

non-competitively bid offerings, to make 

available, upon request, the most recent 

preliminary official statement, if any; (3) 

to contract with the issuer of the 

securities, or its agent, to receive, within 

specified time periods, sufficient copies 

of the issuer’s final official statement to 

comply both with this rule and any 

rules of the MSRB; (4) to provide, for a 

specified period of time, copies of the 

final official statement to any potential 

customer upon request; (5) before 

purchasing or selling municipal 

securities in connection with an 

offering, to reasonably determine that 

the issuer or other specified person has 

undertaken, in a written agreement or 

contract, for the benefit of holders of 

such municipal securities, to provide 

certain information about the issue or 

issuer on a continuing basis to a 

nationally recognized municipal 

securities information repository; and 

(6) to review the information the issuer 

of the municipal security has 

undertaken to provide prior to 

recommending a transaction in the 

municipal security. 

These disclosure and recordkeeping 

requirements will ensure that investors 

have adequate access to official 

disclosure documents that contain 

details about the value and risks of 

particular municipal securities at the 

time of issuance while the existence of 

compulsory repositories will ensure that 

investors have continued access to 

terms and provisions relating to certain 

static features of those municipal 

securities. The provisions of Rule 15c2–

12 regarding an issuer’s continuing 

disclosure requirements assist investors 

by ensuring that information about an 

issue or issuer remains available after 

the issuance. 

Municipal offerings of less than $1 

million are exempt from the rule, as are 

offerings of municipal securities issued 

in large denominations that are sold to 

no more than 35 sophisticated investors, 

have short-term maturities, or have 

short-term tender or put features. It is 

estimated that approximately 12,000 

brokers, dealers, municipal securities 

dealers, issuers of municipal securities, 

and nationally recognized municipal 

securities information repositories will 

spend a total of 123,850 hours per year 

complying with Rule 15c2–12. 

There is no specific retention period 

applied by Rule 15c2–12 for the 

recordkeeping requirement contained in 

Rule 15c2–12. The retention period is 

determined by private agreement 

between a nationally recognized 

municipal securities information 

repository and the issuer. 

The recordkeeping requirement is 

mandatory to ensure that investors have 

access to information about the issuer 

and particular issues of municipal 

securities. This rule does not involve 

the collection of confidential 

information. Please note that an agency 

may not conduct or sponsor, and a 

person is not required to respond to, a 

collection of information unless it 

displays a currently valid control 

number. 

General Comments regarding the 

estimated burden hours should be 

directed to the following persons: (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 e-mail to: 

David_Rostker@omb.eop.gov; and (ii) R. 

Corey Booth, Director/Chief Information 

Officer, Securities and Exchange 

Commission, c/o Shirley Martinson, 

6432 General Green Way, Alexandria, 

VA 22312 or send an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted to OMB within 30 days of 

this notice. 

January 3, 2007. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–302 Filed 1–11–07; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submissions for OMB Review; 

Comment Request 

Upon written request; copies available 

from: Securities and Exchange 

Commission, Office of Filings and 

Information Services, Washington, DC 

20549. 

Extensions: 

Rule 14f–1; OMB Control No. 3235–0108; 

SEC File No. 270–127. 

Rule 12g3–2; OMB Control No. 3235–0119; 

SEC File No. 270–104. 

Rule 13e–1; OMB Control No. 3235–0305; 

SEC File No. 270–255. 

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’’) has submitted to the 

Office of Management and Budget these 

requests for extension of the previously 

approved collections of information 

discussed below. 

Rule 14f–1 (17 CFR 240.14f–1) 

requires issuers to disclose a change in 

a majority of the directors of the issuer. 

The information filed under Rule 14f–1 

must be filed with the Commission and 

is publicly available. We estimate that it 

takes approximately 18 burden hours to 

provide the information required under 

Rule 14f–1 and that the information is 

filed by 44 respondents for a total 

annual burden of 792. 


rmajette on PROD1PC67 with NOTICES