Document ID: SEC-2007-0886-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2007-07-02T04:00Z

[Federal Register: July 2, 2007 (Volume 72, Number 126)]
[Notices]               
[Page 36074-36075]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr02jy07-94]                         

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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 Filings and Information Services, Washington, DC 
20549.

Extension:
    Form 1, Rules 6a-1 and 6a-2; SEC File No. 270-0017; OMB Control 
No. 3235-0017.

    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.
    The Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (the 
``Act'') sets forth a regulatory scheme for national securities 
exchanges. Rule 6a-1 (17 CFR 240.6a-1) under the Act generally requires 
an applicant for initial registration as a national securities exchange 
to file an application with the Commission on Form 1. An exchange that 
seeks an exemption from registration based on limited trading volume 
also must apply for such exemption on Form 1. Rule 6a-2 (17 CFR 240.6a-
2) under the Act requires registered and exempt exchanges: (1) to amend 
the Form 1 if there are any material changes to the information 
provided in the initial Form 1; and (2) to submit periodic updates of 
certain information provided in the initial Form 1, whether such 
information has changed or not. The information required pursuant to 
Rules 6a-1 and 6a-2 is necessary to enable the Commission to maintain 
accurate files regarding the exchange and to exercise its statutory 
oversight functions. Without the information submitted pursuant to Rule 
6a-1 on Form 1, the Commission would not be able to determine whether 
the respondent met the criteria for registration or exemption set forth 
in Sections 6 and 19 of the Act. Without the amendments and periodic 
updates of information submitted pursuant to Rule 6a-2, the Commission 
would have substantial difficulty determining whether a national 
securities exchange or exempt exchange was continuing to operate in 
compliance with the Act.
    The respondents to the collection of information are entities that 
seek registration as a national securities exchange or that seek 
exemption from registration based on limited trading volume. After the 
initial filing of Form

[[Page 36075]]

1, both registered and exempt exchanges are subject to ongoing 
informational requirements.
    Initial filings on Form 1 by new exchanges are made on a one-time 
basis. The Commission estimates that it will receive approximately 
three initial Form 1 filings per year and that each respondent would 
incur an average burden of 47 hours to file an initial Form 1 at an 
average cost per response of approximately $4517. Therefore, the 
Commission estimates that the annual burden for all respondents to file 
the initial Form 1 would be 141 hours (one response/respondent x three 
respondents x 47 hours/response) and $13,551 (one response/respondent x 
three respondents x $4517/response).
    There currently are ten entities registered as national securities 
exchanges and two exempt exchanges. The Commission estimates that each 
registered or exempt exchange files one amendment or periodic update to 
Form 1 per year, incurring an average burden of 25 hours to comply with 
Rule 6a-2. The Commission estimates that the annual burden for all 
respondents to file amendments and periodic updates to the Form 1 
pursuant to Rule 6a-2 is 300 hours (12 respondents x 25 hours/response 
x one response/respondent per year) and $27,960 (12 respondents x 
$2330/response x one response/respondent per year).
    Compliance with Rules 6a-1 and 6a-2 and Form 1 is mandatory for 
entities seeking to register as a national securities exchange or 
seeking an exemption from registration based on limited trading volume. 
Information received in response to Rules 6a-1 and 6a-2 and Form 1 
shall not be kept confidential; the information collected is public 
information. As set forth in Rule 17a-1 under the Act,\1\ a national 
securities exchange generally is required to retain records of the 
collection of information for at least five years.
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    \1\ 17 CFR 240.17a-1.
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    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 by sending an e-mail to: 
David_Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief 

Information Officer, 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 the Office 
of Management and Budget within 30 days of this notice.

    Dated: June 22, 2007.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E7-12662 Filed 6-29-07; 8:45 am]

BILLING CODE 8010-01-P