Document ID: SEC-2007-1454-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2007-10-17T04:00Z

[Federal Register: October 17, 2007 (Volume 72, Number 200)]
[Notices]               
[Page 58910]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr17oc07-115]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; 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 17a-7; SEC File No. 270-147; OMB Control No. 3235-0131.

    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 (``OMB'') a request for extension of the previously approved 
collection of information discussed below.
    Rule 17a-7 (17 CFR 240.17a-7) under the Securities Exchange Act of 
1934 (15 U.S.C. 78a et seq.) requires non-resident broker-dealers 
registered or applying for registration pursuant to section 15 of the 
Exchange Act to maintain--in the United States--complete and current 
copies of books and records required to be maintained under any rule 
adopted under the Securities Exchange Act of 1934. Alternatively, Rule 
17a-7 provides that the non-resident broker-dealer may sign a written 
undertaking to furnish the requisite books and records to the 
Commission upon demand.
    There are approximately 54 non-resident broker-dealers. Based on 
the Commission's experience in this area, it is estimated that the 
average amount of time necessary to preserve the books and records 
required by Rule 17a-7 is one hour per year. Accordingly, the total 
burden is 54 hours per year. With an average cost per hour of 
approximately $245, the total cost of compliance for the respondents is 
$13,230 per year.
    There are no individual record retention periods in Rule 17a-7. 
Compliance with the rule is mandatory. However, non-resident broker-
dealers may opt to provide the records upon request of the Commission 
rather than store the records in the United States.
    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 
Alexander_T._Hunt@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 within 30 
days of this notice.

    October 11, 2007.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E7-20457 Filed 10-16-07; 8:45 am]

BILLING CODE 8011-01-P