28730 Federal Register / Vol. 72, No. 98 / Tuesday, May 22, 2007 / Notices 

2. Docket No. R2006–1—reconsideration 

of Standard Mail recommendation. 

CONTACT PERSON FOR MORE INFORMATION: 

Stephen L. Sharfman, General Counsel, 

Postal Regulatory Commission, 901 New 

York Avenue, NW., Suite 200, 

Washington, DC 20268–0001, 202–789–

6818. 

Dated: May 17, 2007. 

Steven W. Williams, 

Secretary. 

[FR Doc. 07–2556 Filed 5–17–07; 4:49 pm] 

BILLING CODE 7710–FW–M 

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 303, SEC File No. 270–450, OMB 

Control No. 3235–0505. 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.), the 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 ATS (17 CFR 242.300 et 

seq.) under the Securities Exchange Act 

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

a regulatory structure that directly 

addresses issues related to alternative 

trading systems’ role in the marketplace. 

Regulation ATS allows alternative 

trading systems to choose between two 

regulatory structures. Alternative 

trading systems have the choice 

between registering as broker-dealers 

and complying with Regulation ATS or 

registering as national securities 

exchanges. Regulation ATS provides the 

regulatory framework for those 

alternative trading systems that choose 

to be regulated as broker-dealers. Rule 

303 of Regulation ATS describes the 

record preservation requirements for 

alternative trading systems that are not 

national securities exchanges. 

Alternative trading systems that 

register as broker-dealers, comply with 

Regulation ATS, and meet certain 

volume thresholds are required to 

preserve all records made pursuant to 

Rule 302, which includes information 

relating to subscribers, trading 

summaries and order information. Such 

alternative trading systems are also 

required to preserve records of any 

notices communicated to subscribers, a 

copy of the system’s standards for 

granting access to trading and any 

documents generated in the course of 

complying with the capacity, integrity 

and security requirements for automated 

systems under Rule 301(b)(6) of 

Regulation ATS. Rule 303 also describes 

how such records must be kept and how 

long they must be preserved. 

The information contained in the 

records required to be preserved by the 

Rule will be used by examiners and 

other representatives of the 

Commission, state securities regulatory 

authorities, and the SROs to ensure that 

alternative trading systems are in 

compliance with Regulation ATS as 

well as other rules and regulations of 

the Commission and the SROs. Without 

the data required by the proposed Rule, 

the Commission would be severely 

limited in its ability to comply with its 

statutory obligations, provide for the 

protection of investors and promote the 

maintenance of fair and orderly markets. 

Respondents consist of alternative 

trading systems that choose to register 

as broker-dealers and comply with the 

requirements of Regulation ATS. The 

Commission estimates that there are 

currently approximately 65 

respondents. 

An estimated 65 respondents will 

spend approximately 260 hours per year 

(65 respondents at 4 burden hours/ 

respondent) to comply with the record 

preservation requirements of Rule 303. 

At an average cost per burden hour of 

$86.54, the resultant total related cost of 

compliance for these respondents is 

$22,500.00 per year (260 burden hours 

multiplied by $86.54/hour; a slight 

discrepancy is due to arithmetic 

rounding). 

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 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, 

VA 22312 or send an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted within 60 days of this 

notice. 

Dated: May 16, 2007. 

J. Lynn Taylor, 

Assistant Secretary. 

[FR Doc. E7–9806 Filed 5–21–07; 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 301 and Forms ATS and ATS–R, SEC 

File No. 270–451, OMB Control No. 

3235–0509. 

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 ATS (17 CFR 242.300 et 

seq.) under the Securities Exchange Act 

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

a regulatory structure that directly 

addresses issues related to alternative 

trading systems’ role in the marketplace. 

Regulation ATS allows alternative 

trading systems to choose between two 

regulatory structures. Alternative 

trading systems have the choice 

between registering as broker-dealers 

and complying with Regulation ATS or 

registering as national securities 

exchanges. Regulation ATS provides the 

regulatory framework for those 

alternative trading systems that choose 

to be regulated as broker-dealers. Rule 

301 of Regulation ATS contains certain 

notice and reporting requirements, as 

well as additional obligations that only 

apply to alternative trading systems 

with significant volume. Rule 301 

describes the conditions with which a 

registered broker-dealer operating an 

alternative trading system must comply. 

The Rule requires all alternative trading 

systems that wish to comply with 

Regulation ATS to file an initial 

operation report on Form ATS. The 

initial operation report requires 


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