Document ID: SEC-2007-1126-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2007-08-13T04:00Z

[Federal Register: August 13, 2007 (Volume 72, Number 155)]
[Notices]               
[Page 45281-45282]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr13au07-106]                         

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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:
    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'') 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 17a-7 (17 CFR 240.17a-7) under the Securities Exchange Act of 
1934 (``Exchange Act'') (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 brokers and 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.
    Written comments are invited on: (a) Whether the proposed 
collection of

[[Page 45282]]

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 within 
60 days of this notice.

    Dated: August 6, 2007.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E7-15764 Filed 8-10-07; 8:45 am]

BILLING CODE 8010-01-P