Document ID: SEC-2012-1428-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2012-08-29T04:00Z

[Federal Register Volume 77, Number 168 (Wednesday, August 29, 2012)]
[Notices]
[Pages 52372-52373]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-21257]

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SECURITIES AND EXCHANGE COMMISSION

Proposed Collection; Comment Request

Upon Written Request, Copies Available From: U.S. Securities and 
Exchange Commission, Office of Investor Education and Advocacy, 
Washington, DC 20549-0213.

Extension:
    Rule 17f-1(c) and Form X-17F-1A; OMB Control No. 3235-0037; SEC 
File No. 270-29.

    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'') is soliciting comments on the existing collection of 
information provided for in the following rule, Rule 17f-1(c) and Form 
X-17F-1A (17 CFR

[[Page 52373]]

249.100) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et 
seq.) (``Exchange Act''). The Commission plans to submit this existing 
collection of information to the Office of Management and Budget 
(``OMB'') for extension and approval.
    Rule 17f-1(c) (17 CFR 240.17f-1(c)) requires approximately 26,000 
entities in the securities industry to report lost, stolen, missing, or 
counterfeit securities to a central database. Form X-17F-1A (17 CFR 
249.100) facilitates the accurate reporting and precise and immediate 
data entry into the central database. Reporting to the central database 
fulfills a statutory requirement that reporting institutions report and 
inquire about missing, lost, counterfeit, or stolen securities. 
Reporting to the central database also allows reporting institutions to 
gain access to the database that stores information for the Lost and 
Stolen Securities Program.
    We estimate that 26,000 reporting institutions will report that 
securities are either missing, lost, counterfeit, or stolen annually 
and that each reporting institution will submit this report 50 times 
each year. The staff estimates that the average amount of time 
necessary to comply with Rule 17f-1(c) and Form X-17F-1A is five 
minutes. The total burden is 108,333 hours annually for respondents 
(26,000 times 50 times 5 divided by 60).
    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 estimate of 
the burden of the proposed collection of information; (c) ways to 
enhance the quality, utility, and clarity of the information on 
respondents; 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.
    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to the PRA that does not display a 
valid Office of Management and Budget (OMB) control number.
    Please direct your written comments to: Thomas Bayer, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 6432 General Green Way, Alexandria, Virginia 22312 or 
send an email to: PRA_Mailbox@sec.gov.

    Dated: August 23, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-21257 Filed 8-28-12; 8:45 am]
BILLING CODE 8011-01-P