14844 Federal Register / Vol. 72, No. 60 / Thursday, March 29, 2007 / Notices 

11 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2The Commission has modified parts of these 

statements. 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for inspection and copying in 

the Commission’s Public Reference 

Room. Copies of such filing also will be 

available for inspection and copying at 

the principal office of the NYSE. All 

comments received will be posted 

without change; the Commission does 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. All 

submissions should refer to File 

Number SR–NYSE–2007–06 and should 

be submitted on or before April 19, 

2007. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.11

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–5816 Filed 3–28–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–55504; File No. SR–OCC–

2006–15] 

Self-Regulatory Organizations; The 

Options Clearing Corporation; Notice 

of Filing of a Proposed Rule Change 

Relating to the Approval of Fund 

Shares Deposited as Margin 

March 21, 2007. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 notice is hereby given that on 

August 31, 2006, The Options Clearing 

Corporation (‘‘OCC’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III below, which items have been 

prepared primarily by OCC. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The proposed rule change would 

eliminate the requirement that the 

Membership/Risk Committee approve 

classes of fund shares (e.g., ETFs) for 

deposit as margin. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, 

OCC included statements concerning 

the purpose of and basis for the 

proposed rule change and discussed any 

comments it received on the proposed 

rule change. The text of these statements 

may be examined at the places specified 

in Item IV below. OCC has prepared 

summaries, set forth in sections (A), (B), 

and (C) below, of the most significant 

aspects of such statements.2

(A) Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

The proposed rule change would 

delete Interpretation and Policy .11 to 

Rule 604, Forms of Margin, which 

requires that OCC’s Membership/Risk 

Committee approve classes of fund 

shares for deposit as margin. Committee 

approval was deemed to be a prudent 

safeguard when OCC began accepting 

fund shares for deposit in 1996 because 

fund shares had only been trading since 

1993, and OCC was not as familiar with 

them as it is today. In 1997, OCC began 

clearing options on fund shares. Since 

then, fund shares have become a widely 

used investment tool, and OCC has 

developed a broad understanding of the 

fund share marketplace. In light of these 

developments, OCC believes that fund 

shares should be accepted as margin 

under the same conditions that apply to 

the deposit of other equity securities 

without the need for Committee 

approval. 

The proposed change is consistent 

with Section 17A of the Act because it 

eliminates an unwarranted approval 

process for the acceptance of fund 

shares as a form of margin asset while 

employing the same safeguards that 

apply to the deposit of other equity 

securities as margin in order to assure 

the safeguarding of securities which are 

in OCC’s custody or control. The 

proposed rule change is not inconsistent 

with the existing rules of OCC, 

including any other rules proposed to be 

amended. 

(B) Self-Regulatory Organization’s 

Statement on Burden on Competition 

OCC does not believe that the 

proposed rule change would impose any 

burden on competition. 

(C) Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

Written comments were not and are 

not intended to be solicited with respect 

to the proposed rule change, and none 

have been received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Within 35 days of the date of 

publication of this notice in the Federal 

Register or within such longer period (i) 

as the Commission may designate up to 

90 days of such date if it finds such 

longer period to be appropriate and 

publishes its reasons for so finding or 

(ii) as to which the self-regulatory 

organization consents, the Commission 

will: 

(A) By order approve the proposed 

rule change or 

(B) Institute proceedings to determine 

whether the proposed rule change 

should be disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml) or 

• Send an e-mail to rulecomments@sec.gov. Please include File 

Number SR–OCC–2006–15 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Nancy M. Morris, Secretary, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–OCC–2006–15. This file 

number should be included on the 

subject line if e-mail is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 


jlentini on PROD1PC65 with NOTICES
Federal Register / Vol. 72, No. 60 / Thursday, March 29, 2007 / Notices 14845 

3 17 CFR 200.30–3(a)(12). 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for inspection and copying in 

the Commission’s Public Reference 

Section, 100 F Street, NE., Washington, 

DC 20549. Copies of such filing also will 

be available for inspection and copying 

at the principal office of OCC and on 

OCC’s Web site at http:// 

www.optionsclearing.com. All 

comments received will be posted 

without change; the Commission does 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. All 

submissions should refer to File 

Number SR–OCC–2006–15 and should 

be submitted on or before April 19, 

2007. 

For the Commission by the Division of 

Market Regulation, pursuant to delegated 

authority.3

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–5753 Filed 3–28–07; 8:45 am] 

BILLING CODE 8010–01–P 

SOCIAL SECURITY ADMINISTRATION 

Agency Information Collection 

Activities: Proposed Request and 

Comment Request 

The Social Security Administration 

(SSA) publishes a list of information 

collection packages that will require 

clearance by the Office of Management 

and Budget (OMB) in compliance with 

Pub. L. 104–13, the Paperwork 

Reduction Act of 1995, effective October 

1, 1995. The information collection 

packages that may be included in this 

notice are for new information 

collections, approval of existing 

information collections, revisions to 

OMB-approved information collections, 

and extensions (no change) of OMBapproved information collections. 

SSA is soliciting comments on the 

accuracy of the agency’s burden 

estimate; the need for the information; 

its practical utility; ways to enhance its 

quality, utility, and clarity; and on ways 

to minimize burden on respondents, 

including the use of automated 

collection techniques or other forms of 

information technology. Written 

comments and recommendations 

regarding the information collection(s) 

should be submitted to the OMB Desk 

Officer and the SSA Reports Clearance 

Officer. The information can be mailed, 

faxed or e-mailed to the individuals at 

the addresses and fax numbers listed 

below: 

(OMB): Office of Management and 

Budget, Attn: Desk Officer for SSA, 

Fax: 202–395–6974, E-mail address: 

OIRA_Submission@omb.eop.gov. 

(SSA): Social Security Administration, 

DCFAM, Attn: Reports Clearance 

Officer, 1333 Annex Building, 6401 

Security Blvd., Baltimore, MD 21235, 

Fax: 410–965–6400, E-mail address: 

OPLM.RCO@ssa.gov. 

I. The information collections listed 

below are pending at SSA and will be 

submitted to OMB within 60 days from 

the date of this notice. Therefore, your 

comments should be submitted to SSA 

within 60 days from the date of this 

publication. You can obtain copies of 

the collection instruments by calling the 

SSA Reports Clearance Officer at 410–

965–0454 or by writing to the address 

listed above. 

1. Certificate of Responsibility for 

Welfare and Care of Child Not in 

Applicant’s Custody—20 CFR 404.330, 

404.339–341 and 404.348–404.349—

0960–0019. SSA uses the information to 

determine if a non-custodial parent who 

is filing for Spouse’s or Mother’s and 

Father’s benefits based on having a 

child in care meets the in-care 

requirements. Respondents are 

applicants for Spouse and/or Mother’s 

and Father’s benefits. 

Type of Request: Extension of an 

OMB-approved information collection. 

Number of Respondents: 14,000. 

Frequency of Response: 1. 

Average Burden per Response: 10 

minutes. 

Estimated Annual Burden: 2,333 

hours. 

2. Request for Waiver of Overpayment 

Recovery or Change in Repayment 

Notice—20 CFR 404.502–.513, 404.515 

and 20 CFR 416.550–.570, 416.572—

0960–0037. The SSA–632–BK is used by 

a beneficiary/claimant to request a 

waiver of recovery of an overpayment 

by explaining why they feel they are 

without fault in causing the 

overpayment and to provide financial 

circumstances so that SSA can 

determine whether recovery would 

cause financial hardship. It is also used 

to request a different rate of recovery. In 

those cases the financial information 

must be provided for SSA to determine 

how much the overpaid person can 

afford to repay each month. 

Respondents are overpaid beneficiaries 

or claimants who are requesting a 

waiver of recovery for overpayment or a 

lesser rate of withholding. 

Type of Request: Extension of an 

OMB-approved information collection. 

Number of Respondents: 500,000. 

Estimated Annual Burden: 875,000 

hours. 

Reason for completing form Number of 

respondents 

Frequency of 

response 

Average 

burden per 

response 

Total annual 

burden 

Request Waiver .................................................................................................... 400,000 1 2 hours ........ 800,000 

Request Change ................................................................................................... 100,000 1 45 minutes .. 75,000 

Totals ............................................................................................................. 500,000 ........................ ..................... 875,000 

3. Supplemental Statement Regarding 

Farming Activities of Person Living 

Outside the U.S.A.—0960–0103. Form 

SSA–7163A is used whenever a 

beneficiary or claimant reports work on 

a farm outside the United States (U.S.). 

It is designed to obtain sufficient 

information to determine whether or not 

foreign work deductions are applicable 

to the claimant’s benefits. Respondents 

are beneficiaries or claimants for Social 

Security benefits who are engaged in 

farming activity outside the U.S. 

Type of Request: Extension of an 

OMB-approved information collection. 

Number of Respondents: 1,000. 

Frequency of Response: 1. 

Average Burden per Response: 1 hour. 

Estimated Annual Burden: 1,000 

hours. 

4. Disability Report—Appeal—20 CFR 

404.1512, 416.912, 404.916(c), 

416.1416(c), 405 Subpart C, 422.140—

0960–0144. The SSA–3441–BK is used 


jlentini on PROD1PC65 with NOTICES