[Federal Register Volume 75, Number 170 (Thursday, September 2, 2010)]
[Notices]
[Page 53987]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-21935]


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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 15Ba2-1 and Form MSD; SEC File No. 270-0088; OMB Control 
No. 3235-0083.

    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 provided for in Rule 15Ba2-1 (17 CFR 
240.15Ba2-1) under the Securities Exchange Act of 1934 (``Exchange 
Act'') (17 U.S.C. 78a et seq.)
    Rule 15Ba2-1 provides that an application for registration with the 
Commission by a bank municipal securities dealer must be filed on Form 
MSD (17 CFR 249.1100). The Commission uses the information contained in 
Form MSD to determine whether bank municipal securities dealers meet 
the standards for registration set forth in the Exchange Act, to 
develop a central registry where members of the public may obtain 
information about particular bank municipal securities dealers, and to 
develop statistical information about bank municipal securities 
dealers.
    Based upon past submissions, the staff estimates that approximately 
41 respondents will utilize this application procedure annually. The 
staff estimates that the average number of hours necessary to comply 
with the requirements of Rule 15Ba2-1 is 1.5 hours per respondent, for 
a total burden of 61.5 hours. The average cost per hour is 
approximately $67. Therefore, the total cost of compliance for the 
respondents is approximately $4,120.
    Rule 15Ba2-1 does not contain an explicit recordkeeping 
requirement, but the rule does require the prompt correction of any 
information on Form MSD that becomes inaccurate, meaning that bank 
municipal securities dealers need to maintain a current copy of Form 
MSD indefinitely. Providing the information on the application is 
mandatory in order to register with the Commission as a bank municipal 
securities dealer. The information contained in the application will 
not be kept confidential. 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 should be directed to: (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 send an e-mail to: <a href="/cdn-cgi/l/email-protection#1c4f7d7b697a687d435d747179785c73717e3279736c327b736a"><span class="__cf_email__" data-cfemail="99caf8feecffedf8c6d8f1f4fcfdd9f6f4fbb7fcf6e9b7fef6ef">[email protected]</span></a> and (ii) Charles Boucher, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 
6432 General Green Way, Alexandria, VA 22312 or send an e-mail to: 
<a href="/cdn-cgi/l/email-protection#1a4a485b45577b73767875625a697f79347d756c"><span class="__cf_email__" data-cfemail="227270637d6f434b4e404d5a625147410c454d54">[email protected]</span></a>. Comments must be submitted to OMB within 30 days 
of this notice.

    Dated: August 27, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-21935 Filed 9-1-10; 8:45 am]
BILLING CODE 8010-01-P


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