Document ID: SEC-2006-1085-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2006-08-24T04:00Z

[Federal Register: August 24, 2006 (Volume 71, Number 164)]
[Notices]               
[Page 50108]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr24au06-84]                         

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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 15c3-1; SEC File No. 270-197; OMB Control No. 3235-
0200.

    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 this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
    Rule 15c3-1 (17 CFR 240.15c3-1) under the Securities Exchange Act 
of 1934 (15 U.S.C. 78a et seq.) requires brokers and dealers to have at 
all times sufficient liquid assets to meet their current liabilities, 
particularly the claims of customers. The rule facilitates monitoring 
the financial condition of brokers and dealers by the Commission and 
the various self-regulatory organizations. It is estimated that 
approximately 6,100 active broker-dealer respondents registered with 
the Commission incur an aggregate burden of 88,181 hours per year to 
comply with this rule. Finally, the estimated cost for the annual hour 
burden for Rule 15c3-1 is approximately $22.7 million.
    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 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.
    Comments should be directed to: R. Corey Booth, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Shirley 
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or send 
an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB 
within 60 days of this notice.

    Dated: August 16, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E6-14022 Filed 8-23-06; 8:45 am]

BILLING CODE 8010-01-P