Document ID: SEC-2006-0199-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2006-02-15T05:00Z

[Federal Register: February 15, 2006 (Volume 71, Number 31)]
[Notices]               
[Page 8006]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr15fe06-134]                         

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549.

    Extension:
    Rule 15Aj-1; SEC File No. 270-25; OMB Control No. 3235-0044.

    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 extension of the previously approved 
collections of information discussed below.
    Rule 15Aj-1 implements the requirements of Sections 15A, 17, and 19 
of the Securities Exchange Act of 1934 by requiring every association 
registered as, or applying for registration as, a national securities 
association or as an affiliated securities association to keep its 
registration statement up-to-date by making periodic filings with the 
Commission on Form X-15AJ-1 and Form X-15AJ-2.
    Rule 15Aj-1 requires a securities association to promptly notify 
the Commission after the discovery of any inaccuracy in its 
registration statement or in any amendment or supplement thereto by 
filing an amendment to its registration statement on Form X-15AJ-1 
correcting such inaccuracy. The Rule also requires an association to 
promptly notify the Commission of any change which renders no longer 
accurate any information contained or incorporated in its registration 
statement or in any amendment or supplement thereto by filing a current 
supplement on Form X-15AJ-1. Rule 15A-1 further requires an association 
to file each year with the Commission an annual consolidated supplement 
on Form X-15AJ-2.
    The information required by Rule 15Aj-1 and Forms X-15AJ-1 and X-
15AJ-2 is intended to enable the Commission to carry out its 
statutorily mandated oversight functions and to assure that registered 
securities associations are in compliance with the Act. This 
information is also made available to members of the public. Without 
the requirements imposed by the Rule, the Commission would be unable to 
fulfill its regulatory responsibilities.
    There is presently only one registered securities association, 
which registered in 1939, subject to the Rule. The burdens associated 
with Rule 15Aj-1 requirements have been borne by only one securities 
association since Rule 15Aj-1 was adopted. Furthermore, the burdens 
associated with Rule 15Aj-1 vary depending on whether amendments and 
current supplements are filed on Form X-15AJ-1 in addition to an annual 
consolidated supplement filed on Form X-15AJ-2. The Commission staff 
estimates the burden hours necessary to comply with the Rule by filing 
an amendment or a current supplement on Form X-15AJ-1 to be 
approximately one-half hour, with a related cost of $11, per response. 
The Commission staff estimates the burden hours necessary to comply 
with the Rule by filing an annual consolidated supplement on Form X-
15AJ-2 to be approximately three hours, with a related cost of $90. 
Therefore, the Commission staff estimates that the total annual related 
reporting cost associated with the Rule to be upwards of $90, assuming 
a minimum filing of an annual consolidated statement on Form X-15AJ-2, 
with additional filings on Form X-15AJ-1 correspondingly increasing 
such reporting cost.
    Compliance with Rule 15Aj-1 is mandatory. Information received in 
response to Rule 15Aj-1 shall not be kept confidential; the information 
collected is public information.
    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.
    Written comments regarding the above information should be directed 
to (i) the 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: David_Rostker@omb.eop.gov; and (ii) R. 
Corey Booth, Director/Chief Information Officer, Securities and 
Exchange Commission, 100 F Street, NE., Washington, DC 20549. Comments 
must be submitted to the Office of Management and Budget within 30 days 
of this notice.

     Dated: February 7, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E6-2101 Filed 2-14-06; 8:45 am]

BILLING CODE 8010-01-P