[Federal Register Volume 62, Number 45 (Friday, March 7, 1997)]
[Notices]
[Pages 10597-10598]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-5673]


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SECURITIES AND EXCHANGE COMMISSION


Request for Public Comment

    Upon Written Request, Copies Available From: Securities and 
Exchange Commission, Office of Filings and Information Services, 
Washington, DC 20549.

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                                                   SEC File  OMB Control
                    Extension                        No.         No.    
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Rule 6a-1 and Form 1............................     270-18    3235-0017
Rule 6a-2 and Form 1-A..........................     270-13    3235-0022
Rule 15Ba2-1 and Form MSD.......................     270-88    3235-0083
Rule 17Ac2-2 and Form TA-2......................    270-298    3235-0337
------------------------------------------------------------------------

    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 publishing the following summary of 
collections for public comment.
    Rule 6a-1 and Form 1 states that the Commission may not grant 
registration to an exchange as a national securities exchange unless it 
finds, among other things, that the exchange is organized so that it 
has the capacity to carry out the purposes and to comply with the 
Securities Exchange Act of 1934 (``Exchange Act''). Form 1 is necessary 
because it required the information needed by the Commission to 
determine whether granting registration to an exchange would be 
appropriate.
    Because Form 1 is filed on a one-time basis by an exchange, it is 
estimated that approximately 1 respondent incurs an average of 45 
burden hours annually to comply with the rule.
    Rule 6a-2 requires that registered and exempted national securities 
exchanges file Form 1-A on an annual basis. Form 1-A is necessary 
because it informs the Commission of any changes to Form 1 during the 
exchange's preceding fiscal year.
    Form 1-A is required to be filed annually by a registered or 
exempted exchange to update information required to be filed on Form 1 
which has changed during the exchange's preceding fiscal year. Such 
information is elicited, pursuant to the requirements of Rule 6a-1 
under the Exchange Act, on Form 1. It is estimated that approximately 9 
respondents incur a total of 270 burden hours annually to comply with 
the rule.
    Rule 15Ba2-1 provides that an application for registration by a 
bank municipal securities dealer must be filed on Form MSD. The 
information required to be disclosed on Form MSD is necessary for the 
Commission to determine whether or not registration as a municipal 
securities dealer should be granted.
    It is estimated that approximately 40 respondents will utilize this 
application procedure annually, with a total burden of 60 hours, based 
upon past submissions.
    Rule 17Ac2-2 requires transfer agents, who are not exempt, to file 
an annual report of their business activities on Form TA-2 with the 
Commission, the Comptroller of the Currency, the Board of Governors of 
the Federal Reserve System, or the Federal Deposit Insurance 
Corporation.
    It is estimated that approximately 1,000 respondents are exempt 
from providing certain information contained in the annual report. An 
additional 400 non-exempt respondents will file an annual report. The 
total annual burden is 1,000 hours for exempt respondents and 2,000 
hours for non-exempt respondents, based upon past submissions.
    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 Michael E. Bartell, Associate 
Executive Directive, Office of Information Technology, Securities and 
Exchange

[[Page 10598]]

Commission, 450 5th Street, N.W. Washington, DC 20549.

    Dated: February 28, 1997.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-5673 Filed 3-6-97; 8:45 am]
BILLING CODE 8010-01-M