Document ID: SEC-2006-0103-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2006-01-26T05:00Z

[Federal Register: January 26, 2006 (Volume 71, Number 17)]
[Notices]               
[Page 4384-4385]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26ja06-78]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

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

Extension:
    Rule 15c2-7; SEC File No. 270-420; OMB Control No. 3235-0479.

    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

[[Page 4385]]

(Commission) is soliciting comments on the collection of information 
summarized below. The Commission plans to submit this existing 
collection of information to the Office of Management and Budget for 
extension and approval.
     Rule 15c2-7 Identification of Quotations.
    Rule 15c2-7 enumerates the requirements with which all brokers and 
dealers must comply when submitting a quotation for a security (other 
than a municipal security) to an inter-dealer quotation system.
    It is estimated that there are 8,500 brokers and dealers. Industry 
personnel estimate that approximately 900 notices are filed pursuant to 
Rule 15c2-7 annually. Based on industry estimates that respondents 
complying with Rule 15c2-7 spend 30 seconds to add notice of an 
arrangement and 1 minute to delete notice of an arrangement, the staff 
estimates that, on an annual basis, respondents spend a total of 11.25 
hours to comply with Rule 15c2-7, based upon past submissions. The 
average cost per hour is approximately $35. Therefore, the total cost 
of compliance for brokers and dealers is approximately $393.75.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency's estimates of 
the burden of the proposed collection of information; (c) ways to 
enhance the quality, utility, and clarity of the information to be 
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 in 
writing within 60 days of this publication.
    Please direct your written comments to R. Corey Booth, Director/
Chief Information Officer, Office of Information Technology, Securities 
and Exchange Commission, 100 F Street, NE., Washington, DC 20549.

    Dated: January 18, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-970 Filed 1-25-06; 8:45 am]

BILLING CODE 8010-01-P