Federal Register / Vol. 75, No. 90 / Tuesday, May 11, 2010 / Notices 26297 

04/30/2010, Private Non-Profit 

organizations that provide essential 

services of governmental nature may file 

disaster loan applications at the address 

listed above or other locally announced 

locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: Barnes, Benson, Cass, 

Dickey, Emmons, Foster, Grand Forks, 

Lamoure, Logan, Mercer, Morton, 

Nelson, Pembina, Ramsey, Ransom, 

Richland, Sargent, Steele, Stutsman, 

Traill, Walsh, Wells. 

And the portions of the Spirit Lake 

Reservation that lie within these 

counties. 

The Interest Rates are: 

Percent 

For Physical Damage: 

Non-Profit Organizations With 

Credit Available Elsewhere ..... 3.625 

Non-Profit Organizations Without 

Credit Available Elsewhere ..... 3.000 

For Economic Injury: 

Non-Profit Organizations Without 

Credit Available Elsewhere ..... 3.000 

The number assigned to this disaster 

for physical damage is 121516 and for 

economic injury is 121526. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

Joseph P. Loddo, 

Acting Associate Administrator for Disaster 

Assistance. 

[FR Doc. 2010–11062 Filed 5–10–10; 8:45 am] 

BILLING CODE 8025–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 31; SEC File No. 270–537; OMB 

Control No. 3235–0597. 

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’’) has submitted to the 

Office of Management and Budget a 

request for extension of the previously 

approved collection of information 

discussed below. 

Section 31 of the Securities Exchange 

Act of 1934 (15 U.S.C. 78ee.) (‘‘Exchange 

Act’’) requires the Commission to collect 

fees and assessments from national 

securities exchanges and national 

securities associations (collectively, 

‘‘self-regulatory organizations’’ or 

‘‘SROs’’) based on the volume of their 

securities transactions. To collect the 

proper amounts, the Commission 

adopted Rule 31 (17 CFR 240.31) and 

Form R31 (17 CFR 249.11) under the 

Exchange Act whereby the SROs must 

report to the Commission the volume of 

their securities transaction and the 

Commission, based on that data, 

calculates the amount of fees and 

assessments that the SROs owe pursuant 

to Section 31. Rule 31 and Form R31 

require the SROs to provide this data on 

a monthly basis. 

The Commission estimates that each 

respondent makes 12 such filings on an 

annual basis at an average hourly 

burden of approximately 1.47 hours per 

response. Currently, there are 16 

respondents. However, based on past 

experience, the Commission is 

estimating an increase to 18 

respondents, including 13 national 

securities exchanges, two security 

futures exchanges, and one national 

securities association subject to the 

collection of information requirements 

of Rule 31 and two registered clearing 

agencies are required to provide certain 

data in their possession needed by the 

SROs to complete Form R31. The 

Commission estimates that the total 

burden for all 18 respondents is 318 

hours (12 filings/respondent per year × 

1.47 hours/filing × 18 respondents = 

317.52, rounded to 318 hours) per year. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless it displays a currently valid 

control number. 

Comments regarding the above 

information should be directed to the 

following persons: (i) Desk Officer for 

the Securities and Exchange 

Commission, Office of Information and 

Regulatory Affairs, Office of 

Management and Budget, Room 10102, 

New Executive Office Building, 

Washington, DC 20503 or by sending an 

e-mail to: 

Shagufta_Ahmed@omb.eop.gov; and 

(ii) Charles Boucher, Director/Chief 

Information Officer, Securities and 

Exchange Commission, C/O Shirley 

Martinson, 6432 General Green Way, 

Alexandria, Virginia, 22312 or by 

sending an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted to the Office of 

Management and Budget within 30 days 

of this notice. 

Dated: May 5, 2010. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–11098 Filed 5–10–10; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: Rule 248.30; SEC File No. 

270–549; OMB Control No. 3235– 

0610. 

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 (the 

‘‘Commission’’) has submitted to the 

Office of Management and Budget a 

request for extension of the previously 

approved collection of information 

discussed below. 

Rule 248.30 (17 CFR 248.30) under 

Regulation S–P, is titled ‘‘Procedures to 

Safeguard Customer Records and 

Information; Disposal of Consumer 

Report Information.’’ Rule 248.30 (the 

‘‘safeguard rule’’) requires brokers, 

dealers, investment companies, and 

investment advisers registered with the 

Commission (‘‘registered investment 

advisers’’) (collectively ‘‘covered 

institutions’’) to adopt written policies 

and procedures for administrative, 

technical, and physical safeguards to 

protect customer records and 

information. The safeguards must be 

reasonably designed to ‘‘insure the 

security and confidentiality of customer 

records and information,’’ ‘‘protect 

against any anticipated threats or 

hazards to the security and integrity’’ of 

those records, and protect against 

unauthorized access to or use of those 

records or information, which ‘‘could 

result in substantial harm or 

inconvenience to any customer.’’ The 

safeguard rule’s requirement that 

covered institutions’ policies and 

procedures be documented in writing 

constitutes a collection of information 

and must be maintained on an ongoing 

basis. This requirement eliminates 

uncertainty as to required employee 

actions to protect customer records and 

information and promotes more 

systematic and organized reviews of 

safeguard policies and procedures by 

institutions. The information collection 

also assists the Commission’s 

examination staff in assessing the 


emcdonald on DSK2BSOYB1PROD with NOTICES
26298 Federal Register / Vol. 75, No. 90 / Tuesday, May 11, 2010 / Notices 

1Regulation NMS, adopted by the Commission in 

June 2005, redesignated the national market system 

rules previously adopted under Section 11A of the 

Exchange Act. Rule 11Ac1–5 under the Exchange 

Act was redesignated Rule 605 of Regulation NMS, 

and Rule 11Ac1–6 under the Exchange Act was 

redesignated Rule 606 of Regulation NMS. No 

substantive amendments were made to Rule 605 

and Rule 606 of Regulation NMS. See Securities 

Exchange Act Release No. 51808 (June 9, 2005), 70 

FR 37496 (June 29, 2005). 

existence and adequacy of covered 

institutions’ safeguard policies and 

procedures. 

We estimate that as of the end of 

2009, there are 5253 broker-dealers, 

4522 investment companies, and 11,450 

investment advisers currently registered 

with the Commission, for a total of 

21,225 covered institutions. We expect 

that all of these covered institutions 

have already documented their 

safeguard policies and procedures in 

writing and therefore will incur no 

hourly burdens related to the initial 

documentation of policies and 

procedures. 

However, we expect that 

approximately 10 percent of the 21,225 

covered institutions currently registered 

with the Commission will review and 

update their policies and procedures 

each year, for a total of 2123 covered 

institutions that will spend time to 

update their policies and procedures. 

The amount of time spent reviewing and 

updating safeguard policies and 

procedures is likely to vary widely, 

based on the size of the entity, the 

complexity of its operations, and any 

significant changes in the security 

environment. We estimate that it will 

take a typical covered institution that 

reviews and updates its safeguard 

policies and procedures approximately 

20 hours to complete such a review and 

document the results, for a total hourly 

burden for all institutions of 42,460 

hours. 

Although existing covered institutions 

would not incur any initial hourly 

burden in complying with the 

safeguards rule, we expect that newly 

registered institutions would incur some 

hourly burdens associated with 

documenting their safeguard policies 

and procedures. We estimate that 

approximately 1500 broker-dealers, 

investment companies, or investment 

advisers register with the Commission 

annually. However, we also expect that 

approximately 70% of these newly 

registered covered institutions (1050) 

are affiliated with an existing covered 

institution, and will rely on an 

organization-wide set of previously 

documented safeguard policies and 

procedures created by their affiliates. 

We estimate that these affiliated newly 

registered covered institutions will 

incur a significantly reduced hourly 

burden in complying with the 

safeguards rule, as they will need only 

to review their affiliate’s existing 

policies and procedures, and identify 

and adopt the relevant policies for their 

business. Therefore, we expect that 

newly registered covered institutions 

with existing affiliates will incur an 

hourly burden of approximately 15 

hours in identifying and adopting 

safeguard policies and procedures for 

their business, for a total hourly burden 

for all affiliated new institutions of 

15,750 hours. 

Finally, we expect that the 450 newly 

registered entities that are not affiliated 

with an existing institution will incur a 

significantly higher hourly burden in 

reviewing and documenting their 

safeguard policies and procedures. We 

expect that virtually all of the newly 

registered covered entities that do not 

have an affiliate are likely to be small 

entities and are likely to have smaller 

and less complex operations, with a 

correspondingly smaller set of safeguard 

policies and procedures to document, 

compared to other larger existing 

institutions with multiple affiliates. We 

estimate that it will take a typical newly 

registered unaffiliated institution 

approximately 65 hours to review, 

identify, and document their safeguard 

policies and procedures, for a total of 

29,250 hours for all newly registered 

unaffiliated entities. 

Therefore, we estimate that the total 

annual hourly burden associated with 

the safeguards rule is 87,460 hours. We 

also estimate that all covered 

institutions will be respondents each 

year, for a total of 21,225 respondents. 

These estimates of average burden 

hours are made solely for the purposes 

of the Paperwork Reduction Act. An 

agency may not conduct or sponsor, and 

a person is not required to respond to 

a collection of information unless it 

displays a currently valid control 

number. The safeguard rule does not 

require the reporting of any information 

or the filing of any documents with the 

Commission. The collection of 

information required by the safeguard 

rule is mandatory. 

Please direct general comments 

regarding the above information to the 

following persons: (i) Desk Officer for 

the Securities and Exchange 

Commission, Office of Management and 

Budget, Room 10102, New Executive 

Office Building, Washington, DC 20503 

or send an e-mail to Shagufta Ahmed at 

Shagufta_Ahmed@omb.eop.gov; and (ii) 

Charles Boucher, Director/CIO, 

Securities and Exchange Commission, 

C/O Shirley Martinson, 6432 General 

Green Way, Alexandria, VA 22312; or 

send an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted to OMB within 30 days of 

this notice. 

May 5, 2010. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–11097 Filed 5–10–10; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of Investors 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 605 of Regulation NMS; SEC File 

No. 270–488; OMB Control No. 

3235–0542 

Rule 606 of Regulation NMS; SEC File 

No. 270–489; OMB Control No. 

3235–0541. 

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’’) has submitted to the 

Office of Management and Budget 

requests for approval of extension of the 

existing collections of information for 

the following rules: Rule 605 and Rule 

606 (17 CFR 242.605 and 17 CFR 

242.606) (formerly Rule 11Ac1–5 and 

Rule 11Ac1–6) under the Securities 

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

seq.) (‘‘Exchange Act’’). 

Rule 605 of Regulation NMS,1

formerly known as Rule 11Ac1–5, 

requires market centers to make 

available to the public monthly order 

execution reports in electronic form. 

The Commission believes that many 

market centers retain most, if not all, the 

underlying raw data necessary to 

generate these reports in electronic 

format. Once the necessary data is 

collected, market centers could either 

program their systems to generate the 

statistics and reports, or transfer the 

data to a service provider (such as an 

independent company in the business of 

preparing such reports or a selfregulatory organization (‘‘SRO’’) that 

would generate the statistics and 

reports. 

The collection of information 

obligations of Rule 605 apply to all 

market centers that receive covered 

orders in national market system 

securities. The Commission estimates 

that approximately 408 market centers 

are subject to the collection of 


emcdonald on DSK2BSOYB1PROD with NOTICES