Federal Register / Vol. 72, No. 94 / Wednesday, May 16, 2007 / Notices 27601 

7The cost burden associated with filing of new 

and amended codes of ethics on the Commission’s 

Electronic Data Gathering, Analysis, and Retrieval 

system (EDGAR) is included in the Paperwork 

Reduction Act estimates for the relevant forms to 

which these codes must be appended. 8 If information collected pursuant to the rule is 

reviewed by the Commission’s examination staff, it 

will be accorded the same level of confidentiality 

accorded to other responses provided to the 

Commission in the context of its examination and 

oversight program. See section 31(c) of the 

Investment Company Act (15 U.S.C. 80a–30(c)). 

as necessary, and, for new fund 

complexes, adopting a code of ethics. 

In addition, we estimate that there is 

an additional annual cost burden of 

approximately $2,000 per fund 

complex, for a total of $1,100,000, 

associated with complying with the 

information collection requirements in 

rule 17j–1, aside from the cost of the 

burden hours discussed above.7 This 

represents the costs of purchasing and 

maintaining computers and software to 

assist funds in carrying out rule 17j–1 

recordkeeping. 

These burden hour and cost estimates 

are based upon the Commission staff’s 

experience and discussions with the 

fund industry. The estimates of average 

burden hours and costs are made solely 

for the purposes of the Paperwork 

Reduction Act. These estimates are not 

derived from a comprehensive or even 

a representative survey or study of the 

costs of Commission rules. 

Compliance with the collection of 

information requirements of the rule is 

mandatory and is necessary to comply 

with the requirements of the rule in 

general. 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. Rule 17j–1 requires that 

records be maintained for at least five 

years in an easily accessible place.8

Please direct general comments 

regarding the above information to the 

following persons: (i) Desk Officer for 

the Securities and Exchange 

Commission, 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 email to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted to OMB within 30 days of 

this notice. 

Dated: May 11, 2007. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–9370 Filed 5–15–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of Filings and 

Information Services, Washington, DC 

20549. 

Extension: 

Rule 19b–5 and Form PILOT; SEC File No. 

270–448; OMB Control No. 3235–0507. 

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 19b–5 (17 CFR 240.19b–5) 

provides a temporary exemption from 

the rule-filing requirements of Section 

19(b) of the Securities Exchange Act of 

1934 (‘‘Act’’) to self-regulatory 

organizations (‘‘SROs’’) wishing to 

establish and operate pilot trading 

systems. Rule 19b–5 permits an SRO to 

develop a pilot trading system and to 

begin operation of such system shortly 

after submitting an initial report on 

Form PILOT to the Commission. During 

operation of the pilot trading system, 

the SRO must submit quarterly reports 

of the system’s operation to the 

Commission, as well as timely 

amendments describing any material 

changes to the system. After two years 

of operating such pilot trading system 

under the exemption afforded by Rule 

19b–5, the SRO must submit a rule 

filing pursuant to Section 19(b)(2) of the 

Act in order to obtain permanent 

approval of the pilot trading system 

from the Commission. 

The collection of information is 

designed to allow the Commission to 

maintain an accurate record of all new 

pilot trading systems operated by SROs 

and to determine whether an SRO has 

properly availed itself of the exemption 

afforded by Rule 19b–5. 

The respondents to the collection of 

information are SROs, as defined by the 

Act, including national securities 

exchanges and national securities 

associations. 

Six respondents file an average total 

of 6 initial reports (for a 144 hour 

estimated annual burden), 24 quarterly 

reports (for a 72 hour estimated annual 

burden), and 12 amendments per year 

(for a 36 hour estimated annual burden), 

with an estimated total annual response 

burden of 252 hours. At an average 

hourly cost of $51.71, the aggregate 

related cost of compliance with Rule 

19b–5 for all respondents is $13,030 per 

year (252 burden hours multiplied by 

$51.71/hour = $13,030). 

Written comments are invited on (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

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. 

Comments should be directed to R. 

Corey Booth, Director/Chief Information 

Officer, Securities and Exchange 

Commission, C/O Shirley Martinson, 

6432 General Green Way, Alexandria, 

Virginia 22312 or send an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted within 60 days of this 

notice. 

Dated: May 9, 2007. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–9372 Filed 5–15–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon written request, copies available 

from: Securities and Exchange 

Commission, Office of Filings and 

Information Services, Washington, DC 

20549. 

Extension: 

Rule 15a–6; SEC File No. 270–0329; OMB 

Control No. 3235–0371. 

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. 


cprice-sewell on PROD1PC66 with NOTICES