Federal Register / Vol. 60, No. 90 / Wednesday, May 10, 1995 / Notices 24947

10 17 CFR 200.30–3(a)(12) (1994).

1Form U–4 is used by the various securities SROs

as part of their registration and oversight of member

organization personnel. Specifically, Form U–4 is

the uniform form for licensing salespersons within

the states and various SROs. An individual

applying for registration must file Form U–4 with

the Central Registration Depository (‘‘CRD’’)

operated by the National Association of Securities

Dealers (‘‘NASD’’). Thereafter, the registered person

is obligated to update this information as changes

occur. The CRD is a computer data base containing

current registration information as well as the

regulatory and enforcement actions taken against

securities industry personnel for access by the

Commission, state regulators and certain SROs.

2Form U–5 contains information relating to the

circumstances surrounding the termination of an

applicant’s prior employment, and must be

completed and submitted to the NASD, and other

SROs requiring such a submission under their

Continued

the Commission’s Public Reference

Section, 450 Fifth Street, N.W.,

Washington, D.C. Copies of such filing

will also be available for inspection and

copying at the principal office of the

Phlx. All submissions should refer to

File No. SR–Phlx–95–20 and should be

submitted by May 31, 1995.

For the Commission, by the Division of

Market Regulation, Pursuant to delegated

authority.10

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–11511 Filed 5–9–95; 8:45 am]

BILLING CODE 8010–01–M

Requests Under Review by Office of

Management and Budget

Agency Clearance Officer: Michael E.

Bartell, (202) 942–8800

Upon written request copies available

from: Securities and Exchange

Commission, Office of Filings and

Information Services, 450 Fifth Street,

N.W., Washington, D.C. 20549

Extension:

Regulation 12B—File No. 270–70

Form 8–A—File No. 270–54

Notice is hereby given that pursuant

to the Paperwork Reduction Act of 1980

(44 U.S.C. 3501 et seq.), the Securities

and Exchange Commission

(Commission) has submitted to the

Office of Management and Budget

requests for approval of extension on

previously approved collections for the

following:

Regulation 12B sets forth instructions

and procedures to be followed by

persons filing registration statements

under Section 12 of the Exchange Act or

reports under Section 13 or 15(d) of the

Act. This regulation has been designated

as imposing an administrative burden of

one hour, because the actual regulatory

burdens are established by the

individual forms that refer to the items

in the regulation.

Form 8–A elicits material information

concerning securities to be registered on

national securities exchange or other

publicly-traded securities in order that

investors may make informed and

knowledgeable investment decisions. It

is estimated that Form 8–A is filed by

1,940 respondents at an estimated 7.5

burden hours per response for a total

annual burden of 14,550 hours.

Direct general comments to the

Clearance Officer for the Securities and

Exchange Commission at the address

below. Direct any comments concerning

the accuracy of the estimated average

burden hours for compliance with the

Commission rules and forms to Michael

E. Bartell, Associate Executive Director,

Office of Information Technology,

Securities and Exchange Commission,

450 Fifth Street, N.W., Washington, D.C.

20549 and the Clearance Officer for the

Securities and Exchange Commission,

Office of Management and Budget,

Project numbers 3235–0062 (Regulation

12B) and 3235–0056 (Form 8–A), Room

3208, New Executive Office Building,

Washington, D.C. 20503.

Dated: May 1, 1995.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 95–11445 Filed 5–9–95; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 34–35667; File No. SR–CHX–

95–06]

Self-Regulatory Organizations; Notice

of Filing of Proposed Rule Change by

The Chicago Stock Exchange,

Incorporated Relating to Article V, Rule

3, Which Pertains to the Registration

and Fingerprinting of Floor Employees,

and the Imposition of an Initial

Registration Fee on Clerks

May 3, 1995.

Pursuant to Section 19(b)(1) of the

Securities Exchange Act of 1934

(‘‘Act’’), 15 U.S.C. 78s(b)(1), notice is

hereby given that on March 1, 1995, the

Chicago Stock Exchange, Incorporated

(‘‘CHX’’ or ‘‘Exchange’’) filed with the

Securities and Exchange Commission

(‘‘Commission’’) the proposed rule

change as described in Items I, II, and

III below, which Items have been

prepared by the self-regulatory

organization (‘‘SRO’’). The Commission

is publishing this notice to solicit

comments on the proposed rule change

from interested persons.

I. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change

The Exchange proposes to add

interpretation and policies .10, .02

and.03 under Rule 3 of Article V of the

Exchange’s Rules and to add a new

clerk’s fee.

II. Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

In its filing with the Commission, the

self-regulatory organization included

statements concerning the purpose of,

and basis for, the proposed rule change

and discussed any comments it received

on the proposed rule change. The text

of these statements may be examined at

the places specified in Item IV below.

The self-regulatory organization has

prepared summaries, set forth in

sections (A), (B) and (C) below, of the

most significant aspects of such

statements.

(A) Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

1. Purpose

Rule 3 of Article V of the Exchange’s

rules states that employees of members

or member organizations may not be

admitted to the Floor unless such

employees are registered with and

approved by the Exchange. The

registration process currently requires

completion of an application card and

data sheet that call for disclosure of very

limited information. Currently, only

Floor employees that accept orders from

the public and applicants for

membership are required to submit a

completed Uniform Application for

Securities Industry Registration or

Transfer (‘‘Form U–4’’) to the

Exchange.1

Under the proposal, all Floor

employees will be required to submit a

Form U–4 in order to become registered.

The Form U–4 requires detailed

disclosure of background information,

including information regarding

employment and disciplinary history,

and is the standard industry form

submitted to SROs for individuals

required to be registered (including

securities salespersons and traders). The

Form U–4 also requires this information

to be updated whenever the information

submitted becomes inaccurate or

incomplete. The Exchange also has

imposed a requirement that a member

(or member organization) shall promptly

give written notice of termination of a

Floor employee to the Exchange on the

Uniform Termination Notice for

Securities Industry Registration (Form

U–5) 2 and concurrently provide a copy