[Federal Register Volume 87, Number 97 (Thursday, May 19, 2022)]
[Notices]
[Pages 30548-30549]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-10742]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-091, OMB Control No. 3235-0088]


Proposed Collection; Comment Request; Extension: Rule 15Ba2-5

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'') is soliciting comments on the collection of 
information provided for in Rule 15Ba2-5 (17 CFR 240.15Ba2-5) under the 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange 
Act''). The Commission plans to submit this existing collection of 
information to the Office of Management and Budget (``OMB'') for 
extension and approval.
    On July 7, 1976, effective July 16, 1976 (see 41 FR 28948, July 14, 
1976), the Commission adopted Rule 15Ba2-5 under the Exchange Act to 
permit a duly-appointed fiduciary to assume immediate responsibility 
for the operation of a municipal securities dealer's business. Without 
the rule, the fiduciary would not be able to assume operation until it 
registered as a municipal securities dealer. Under the rule, the 
registration of a municipal securities dealer is deemed to be the 
registration of any executor, administrator, guardian, conservator, 
assignee for the benefit of creditors,

[[Page 30549]]

receiver, trustee in insolvency or bankruptcy, or other fiduciary, 
appointed or qualified by order, judgment, or decree of a court of 
competent jurisdiction to continue the business of such municipal 
securities dealer, provided that such fiduciary files with the 
Commission, within 30 days after entering upon the performance of his 
duties, a statement setting forth as to such fiduciary substantially 
the same information required by Form MSD or Form BD. The statement is 
necessary to ensure that the Commission and the public have adequate 
information about the fiduciary.
    There is approximately one respondent per year that requires an 
aggregate total of four hours to comply with this rule. This respondent 
makes an estimated one annual response. Each response takes 
approximately four hours to complete. Thus, the total compliance burden 
per year is approximately four hours. The approximate internal 
compliance cost per hour is $25, resulting in a total internal cost of 
compliance of approximately $100 per year (i.e., 4 hours x $25).
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates 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 by 
July 18, 2022.
    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.
    Please direct your written comments to: David Bottom, Director/
Chief Information Officer, Securities and Exchange Commission, c/o John 
Pezzullo, 100 F Street NE, Washington, DC 20549, or send an email to: 
<a href="/cdn-cgi/l/email-protection#1e4e4c5f41537f77727c71665e6d7b7d30797168"><span class="__cf_email__" data-cfemail="b6e6e4f7e9fbd7dfdad4d9cef6c5d3d598d1d9c0">[email protected]</span></a>.

    Dated: May 13, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-10742 Filed 5-18-22; 8:45 am]
BILLING CODE 8011-01-P


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