[Federal Register Volume 63, Number 91 (Tuesday, May 12, 1998)]
[Notices]
[Page 26222]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-12553]



[[Page 26222]]

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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-4, SEC File No. 270-7, OMB Control No. 3235-0010.
    Rule 17a-1, SEC File No. 270-244, OMB Control No. 3235-0208.

    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 15a-4 (17 C.F.R. Sec. 240.15a-4) under the Securities Exchange 
Act of 1934 (15 U.S.C. 78a et seq.) permits a natural person who is a 
member of a securities exchange and who terminates its association with 
a registered broker-dealer to continue to do business on the exchange 
while the Commission reviews his application for registration as a 
broker-dealer, if the exchange files a statement indicating that there 
does not appear to be any ground for disapproving the application. The 
total annual burden is 240 hours, based on approximately 30 
submissions, each requiring 8 hours to complete.
    Rule 17a-1 (17 C.F.R. Sec. 240.17a-1) under the Securities Exchange 
Act of 1934 (15 U.S.C. 78a et seq.) requires that all national 
securities exchanges, national securities associations, registered 
clearing agencies, and the Municipal Securities Rulemaking Board keep 
on file for a period of five years, two years in an accessible place, 
all documents which it makes or receives respecting its self-regulatory 
activities, and that such documents be available for examination by the 
Commission. The average number of hours necessary for compliance with 
the requirements of Rule 17a-1 is 50 hours per year. There are 26 
entities required to comply with the rule: 8 national securities 
exchanges, 1 national securities association, 16 registered clearing 
agencies, and the Municipal Securities Rulemaking Board. The total 
number of hours required for all respondents to comply with the rule is 
thus 1,300 hours annually.
    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 on or before July 13, 1998.
    Direct your written comments to Michael E. Bartell, Associate 
Executive Director, Office of Information Technology, Securities and 
Exchange Commission, 450 5th Street NW., Washington, DC 20549.

    Dated: May 5, 1998.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-12553 Filed 5-11-98; 8:45 am]
BILLING CODE 8010-01-M