28086 Federal Register / Vol. 72, No. 96 / Friday, May 18, 2007 / Notices 

consumers with notice and an opt-out 

opportunity. 

The Commission has estimated that 

each of the approximately 15,474 

Covered Persons having one or more 

affiliates would require an average onetime burden of 1 hour to review affiliate 

marketing practices, for a total of 15,474 

hours, at a total staff cost of 

approximately $3,791,130. 

Approximately 2,211 Covered Persons 

would be required to provide notice and 

opt-out and would incur an average 

first-year burden of 6 hours in doing so, 

for a total estimated first-year burden of 

13,266 hours, at a total staff cost of 

approximately $2,510,590.50. With 

regard to continuing notice burdens, 

each of the approximately 2,211 

Covered Persons required to provide 

notice and opt-out would incur a onetime first-year burden of 2 hours to 

develop notices for new consumers and 

an annual burden of 2 hours to deliver 

the notices and record any opt-outs, at 

a total staff cost of approximately 

$1,673,727. Averaged across the first 

three years for which compliance would 

be required, the total average yearly 

burden would be approximately 12,528 

hours and $7,975,447.50 in staff costs. 

Direct your written comments to R. 

Corey Booth, Director/Chief Information 

Officer, Securities and Exchange 

Commission, C/O Shirley Martinson, 

6432 General Green Way, Alexandria, 

Va. VA 22312 or send an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted to OMB within 60 days of 

this notice. 

Dated: May 11, 2007. 

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. E7–9568 Filed 5–17–07; 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: 

Form BD/Rule 15b1–1; SEC File No. 

270–19; OMB Control No. 3235–

0012. 

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. 

Form BD (17 CFR 249.501) under the 

Securities Exchange Act of 1934 (17 

U.S.C. 78a et seq.) is the application 

form used by firms to apply to the 

Commission for registration as a brokerdealer. Form BD also is used by firms 

other than banks and registered brokerdealers to apply to the Commission for 

registration as a municipal securities 

dealer or a government securities 

broker-dealer. In addition, Form BD is 

used to change information contained in 

a previous Form BD filing that becomes 

inaccurate. 

The total annual burden imposed by 

Form BD is approximately 6,808 hours, 

based on approximately 18,174 

responses (335 initial filings + 17,839 

amendments). Each initial filing 

requires approximately 2.75 hours to 

complete and each amendment requires 

approximately 20 minutes to complete. 

There is no annual cost burden. 

The Commission uses the information 

disclosed by applicants in Form BD: (1) 

To determine whether the applicant 

meets the standards for registration set 

forth in the provisions of the Exchange 

Act; (2) to develop a central information 

resource where members of the public 

may obtain relevant, up-to-date 

information about broker-dealers, 

municipal securities dealers and 

government securities broker-dealers, 

and where the Commission, other 

regulators and SROs may obtain 

information for investigatory purposes 

in connection with securities litigation; 

and (3) to develop statistical 

information about broker-dealers, 

municipal securities dealers and 

government securities broker-dealers. 

Without the information disclosed in 

Form BD, the Commission could not 

effectively implement policy objectives 

of the Exchange Act with respect to its 

investor protection function. 

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. 

Direct your written comments to 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 60 days of 

this notice. 

Dated: May 11, 2007. 

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. E7–9572 Filed 5–17–07; 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: 

Regulation 12B; OMB Control No. 

3235–0062; SEC File No. 270–70. 

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. 

Regulation 12B (17 CFR 240.12b–1—

12b–37) includes rules governing all 

registration statements pursuant to 

Sections 12(b) and 12(g) (U.S.C. 78l(b) 

and 78l(g)) of the Securities Exchange 

Act of 1934 (15 U.S.C. 78a et seq.) 

(‘‘Exchange Act’’), including all 

amendments to such statements and 

reports. The purpose of the regulation is 

to set forth guidelines for the uniform 

preparation of Exchange Act documents. 

Regulation 12B is assigned one burden 

hour for administrative convenience 

because the regulation simply prescribes 

the disclosure that must appear in other 

filings under the federal securities laws. 

Written comments are invited on: (a) 

Whether this proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden imposed by the collection 


pwalker on PROD1PC71 with NOTICES
Federal Register / Vol. 72, No. 96 / Friday, May 18, 2007 / Notices 28087 

1 15 U.S.C. 78q(d) and 15 U.S.C. 78k–1(a)(3)(B), 

respectively. 

2 17 CFR 240.17d–2. 

3See Securities Exchange Act Release No. 55612 

(April 10, 2007), 72 FR 19556 (April 18, 2007) 

(‘‘Notice’’). CBOE serves as the self-regulatory 

authority for CBSX. 

4 15 U.S.C. 78s(g)(1). 

5 15 U.S.C. 78q(d) and 15 U.S.C. 78s(g)(2), 

respectively. 

6 15 U.S.C. 78q(d)(1). 

7See Securities Act Amendments of 1975, Report 

of the Senate Committee on Banking, Housing, and 

Urban Affairs to Accompany S. 249, S. Rep. No. 94–

75, 94th Cong., 1st Session 32 (1975). 

8 17 CFR 240.17d–1 and 17 CFR 240.17d–2, 

respectively. Rule 17d–1 authorizes the 

Commission to name a single SRO as the designated 

examining authority (‘‘DEA’’) to examine common 

members for compliance with the financial 

responsibility requirements imposed by the Act, or 

by Commission or SRO rules. 

of information; (c) ways to enhance the 

quality, utility, and clarity of the 

information 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. 

Please direct your written comments 

to 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. 

Dated: May 11, 2007. 

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. E7–9573 Filed 5–17–07; 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: 

Form 15; OMB Control No. 3235–

0167; SEC File No. 270–170. 

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. 

Form 15 (17 CFR 249.232) is a 

certification of termination of a class of 

security under Section 12(g) or notice of 

suspension of duty to file reports 

pursuant to Sections 13 and 15(d) of the 

Securities Exchange Act of 1934 (15 

U.S.C. 78a et seq.). We estimate that 

approximately 3,000 issuers file Form 

15 annually and it takes approximately 

1.5 hours per response to prepare for a 

total of 4,500 annual burden hours. 

Written comments are invited on: (a) 

Whether this proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden imposed by the collection 

of information; (c) ways to enhance the 

quality, utility, and clarity of the 

information 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. 

Please direct your written comments 

to 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. 

Dated: May 11, 2007. 

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. E7–9574 Filed 5–17–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–55755; File No. 4–536] 

Program for Allocation of Regulatory 

Responsibilities Pursuant to Rule 

17d–2; Order Approving and Declaring 

Effective a Plan for the Allocation of 

Regulatory Responsibilities Between 

the Chicago Board Options Exchange, 

Incorporated and the National 

Association of Securities Dealers, Inc. 

May 14, 2007. 

Notice is hereby given that the 

Securities and Exchange Commission 

(‘‘Commission’’) has issued an Order, 

pursuant to Sections 17(d) and 

11A(a)(3)(B) of the Securities Exchange 

Act of 1934 (‘‘Act’’),1 granting approval 

and declaring effective an amended and 

restated plan for the allocation of 

regulatory responsibilities (‘‘Plan’’) that 

was filed pursuant to Rule 17d–2 under 

the Act 2 by the Chicago Board Options 

Exchange, Incorporated (‘‘CBOE’’) and 

the National Association of Securities 

Dealers, Inc. (‘‘NASD’’) (together with 

CBOE, the ‘‘Parties’’) with respect to the 

CBOE Stock Exchange, LLC (‘‘CBSX’’), 

which is a facility of CBOE featuring a 

fully-automated marketplace for trading 

of non-option securities by CBOE 

members.3

Accordingly, NASD shall assume, in 

addition to the regulatory responsibility 

it has under the Act, the regulatory 

responsibilities allocated to it under the 

Plan as they relate to the CBSX. At the 

same time, CBOE is relieved of those 

regulatory responsibilities allocated to 

NASD under the Plan. 

I. Introduction 

Section 19(g)(1) of the Act,4 among 

other things, requires every selfregulatory organization (‘‘SRO’’) that is 

either a national securities exchange or 

registered securities association to 

examine for, and enforce compliance by, 

its members and persons associated 

with its members with the Act, the rules 

and regulations thereunder, and the 

SRO’s own rules, unless the SRO is 

relieved of this responsibility pursuant 

to Section 17(d) or 19(g)(2) of the Act.5

Section 17(d)(1) of the Act 6 was 

intended, among other things, to 

eliminate unnecessary multiple 

examinations and regulatory 

duplication for those broker-dealers that 

maintain memberships in more than one 

SRO (‘‘common members’’).7 With 

respect to a common member, Section 

17(d)(1) authorizes the Commission, by 

rule or order, to relieve an SRO of the 

responsibility to receive regulatory 

reports; to examine for and enforce 

compliance with applicable statutes, 

rules, and regulations; or to perform 

other specified regulatory functions. 

To implement Section 17(d)(1), the 

Commission adopted two rules: Rule 

17d–1 and Rule 17d–2 under the Act.8

Rule 17d–2 permits SROs to propose 

joint plans for the allocation of 

regulatory responsibilities, other than 

financial responsibility rules, with 

respect to their common members. 

Under paragraph (c) of Rule 17d–2, the 

Commission may declare such a plan 

effective if, after providing for notice 

and comment, it determines that the 

plan is necessary or appropriate in the 

public interest and for the protection of 

investors; to foster cooperation and 

coordination among the SROs; to 

remove impediments to, and foster the 

development of, a national market 


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