Federal Register / Vol. 89, No. 193 / Friday, October 4, 2024 / Notices 80969 

under the Securities Exchange Act of 

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

Rule 17f–2(d) requires that records 

created pursuant to the fingerprinting 

requirements of Section 17(f)(2) of the 

Act be maintained and preserved by 

every member of a national securities 

exchange, broker, dealer, registered 

transfer agent and registered clearing 

agency (‘‘covered entities’’ or 

‘‘respondents’’); permits, under certain 

circumstances, the records required to 

be maintained and preserved by a 

member of a national securities 

exchange, broker, or dealer to be 

maintained and preserved by a selfregulatory organization that is also the 

designated examining authority for that 

member, broker or dealer; and permits 

the required records to be preserved on 

microfilm. The general purpose of Rule 

17f–2 is to: (i) identify security risk 

personnel; (ii) provide criminal record 

information so that employers can make 

fully informed employment decisions; 

and (iii) deter persons with criminal 

records from seeking employment or 

association with covered entities. The 

rule enables the Commission or other 

examining authority to ascertain 

whether all covered persons are being 

fingerprinted and whether proper 

procedures regarding fingerprinting are 

being followed. Retention of these 

records for a period of not less than 

three years after termination of a 

covered person’s employment or 

relationship with a covered entity 

ensures that law enforcement officials 

will have easy access to fingerprint 

cards on a timely basis. This in turn acts 

as an effective deterrent to employee 

misconduct. 

Approximately 3,800 respondents are 

subject to the recordkeeping 

requirements of the rule. Each 

respondent maintains approximately 68 

new records per year, each of which 

takes approximately 2 minutes per 

record to maintain, for an annual 

burden of approximately 2.2666667 

hours (68 records times 2 minutes). The 

total annual time burden for all 

respondents is approximately 8,613 

hours (3,800 respondents times 

2.2666667 hours). As noted above, all 

records maintained subject to the rule 

must be retained for a period of not less 

than three years after termination of a 

covered person’s employment or 

relationship with a covered entity. In 

addition, we estimate the total annual 

cost burden to respondents is 

approximately $38,000 in third party 

storage costs. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

The public may view background 

documentation for this information 

collection at the following website: 

www.reginfo.gov. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. Written comments and 

recommendations for the proposed 

information collection should be sent by 

November 4, 2024 to (i) 

www.reginfo.gov/public/do/PRAMain 

and (ii) Austin Gerig, Director/Chief 

Data Officer, Securities and Exchange 

Commission, c/o Oluwaseun Ajayi, 100 

F Street NE, Washington, DC 20549, or 

by sending an email to: PRA_Mailbox@

sec.gov. 

Dated: October 1, 2024. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–23003 Filed 10–3–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–442, OMB Control No. 

3235–0498] 

Submission for OMB Review; 

Comment Request; Extension: Rule 

17a–12 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the 

Securities and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for approval of 

extension of the previously approved 

collection of information provided for in 

Rule 17a–12 (17 CFR 240.17a–12) and 

Part II of Form X–17A–5 (17 CFR 

249.617) under the Securities Exchange 

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

Rule 17a–12 is the reporting rule 

tailored specifically for over-the-counter 

(‘‘OTC’’) derivatives dealers registered 

with the Commission, and Part II of 

Form X–17A–5, the Financial and 

Operational Combined Uniform Single 

(‘‘FOCUS’’) Report, is the basic 

document for reporting the financial 

and operational condition of OTC 

derivatives dealers. Rule 17a–12 

requires registered OTC derivatives 

dealers to file Part II of the FOCUS 

Report quarterly. Rule 17a–12 also 

requires that OTC derivatives dealers 

file audited reports annually. 

The reports required under Rule 17a– 

12 provide the Commission with 

information used to monitor the 

operations of OTC derivatives dealers 

and to enforce their compliance with 

the Commission’s rules. These reports 

also enable the Commission to review 

the business activities of OTC 

derivatives dealers and to anticipate, 

where possible, how these dealers may 

be affected by significant economic 

events. 

The Commission estimates that the 

total hour burden under Rule 17a–12 is 

approximately 540 hours per year, and 

the total cost burden is approximately 

$138,900 per year. 

The retention period for the 

recordkeeping requirement under Rule 

17a–12 is not less than two years 

following the date the notice is 

submitted. The recordkeeping 

requirement under this rule is 

mandatory to assist the Commission in 

monitoring OTC derivatives dealers. 

This rule does not involve the collection 

of confidential information. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

The public may view background 

documentation for this information 

collection at the following website: 

www.reginfo.gov. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. Written comments and 

recommendations for the proposed 

information collection should be sent by 

November 4, 2024 to (i) 

www.reginfo.gov/public/do/PRAMain 

and (ii) Austin Gerig, Director/Chief 

Data Officer, Securities and Exchange 

Commission, c/o Oluwaseun Ajayi, 100 

F Street NE, Washington, DC 20549, or 

by sending an email to: PRA_Mailbox@

sec.gov. 

Dated: October 1, 2024. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–23004 Filed 10–3–24; 8:45 am] 

BILLING CODE 8011–01–P 


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