Document ID: SEC-2011-0242-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals: Electronic Data Collection System
Posted Date: 2011-02-24T05:00Z

[Federal Register Volume 76, Number 37 (Thursday, February 24, 2011)]
[Notices]
[Pages 10411-10412]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-4134]

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SECURITIES AND EXCHANGE COMMISSION

Proposed Collection; Comment Request

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

Extension:
    Electronic Data Collection System; OMB Control No. 3235-0672; 
SEC File No. 270-621.

    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 collection of 
information summarized below. The Commission plans to submit an 
extension for this current collection of information to the Office of 
Management and Budget for approval.

[[Page 10412]]

    The Securities and Exchange Commission has begun the design of a 
new Electronic Data Collection System database (the Database) and 
invites comment on the Database that will support information provided 
by the general public that would like to file a tip or complaint with 
the SEC. The Database will be a web based e-filed dynamic report based 
on technology that pre-populates and establishes a series of questions 
based on the data that the individual enters. The individual will then 
complete specific information on the subject(s) and nature of the 
suspicious activity, using the data elements appropriate to the type of 
complaint or subject. The information collection is voluntary. The 
first phase of the Database is scheduled to be released as a pilot in 
February 2011. Any public suggestions that are received during the 
pilot phase will be reviewed and changes will be considered. Phase 2 is 
currently scheduled to be released in the Fall of 2011. There are no 
costs associated with this collection. The public interface to the 
Database will be available using the agency's Web site http://www.sec.gov. Information is voluntary.
    Estimated number of annual responses = 25,000.
    Estimated annual reporting burden = 12,500 hours (30 minutes per 
submission).
    Written comments are invited on: (a) Whether this collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information will have practical 
utility; (b) the accuracy of the agency's estimate of the burden 
imposed by the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information 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 Thomas Bayer, Chief Information Officer, Securities 
and Exchange Commission, c/o Remi Pavlik-Simon, 6432 General Green Way, 
Alexandria, Virginia 22312; or send an e-mail to: PRA_Mailbox@sec.gov.

     February 18, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-4134 Filed 2-23-11; 8:45 am]
BILLING CODE 8011-01-P