Document ID: SEC-2010-0436-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2010-03-22T04:00Z

[Federal Register: March 22, 2010 (Volume 75, Number 54)]
[Notices]               
[Page 13613]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr22mr10-114]                         

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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 15a-4; SEC File No. 270-7; OMB Control No. 3235-0010.

    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 15a-4 (17 CFR 240.15a-4) under the Securities Exchange Act of 
1934 (15 U.S.C. 78a et seq.) (the ``Exchange Act'') permits a natural 
person member of a securities exchange who terminates his or her 
association with a registered broker-dealer to continue to transact 
business on the exchange while the Commission reviews his or her 
application for registration as a broker-dealer if the exchange files a 
statement indicating that there does not appear to be any ground for 
disapproving the application. The total annual hourly burden imposed by 
Rule 15a-4 is approximately 42 hours, based on approximately 10 
responses (10 Respondents x 1 Response/Respondent), each requiring 
approximately 4.23 hours to complete.
    The Commission uses the information disclosed by applicants in Form 
BD: (1) To determine whether the applicant meets the standards for 
registration set forth in the provisions of the Exchange Act; (2) to 
develop a central information resource where members of the public may 
obtain relevant, up-to-date information about broker-dealers, municipal 
securities dealers and government securities broker-dealers, and where 
the Commission, other regulators and SROs may obtain information for 
investigatory purposes in connection with securities litigation; and 
(3) to develop statistical information about broker-dealers, municipal 
securities dealers and government securities broker-dealers. Without 
the information disclosed in Form BD, the Commission could not 
effectively implement policy objectives of the Exchange Act with 
respect to its investor protection function.
    The statement submitted by the exchange assures the Commission that 
the applicant, in the opinion of the exchange, is qualified to transact 
business on the exchange during the time that the applications are 
reviewed.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission'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.
    Please direct your written comments to: Charles Boucher, 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.

    Dated: March 12, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-6118 Filed 3-19-10; 8:45 am]
BILLING CODE 8011-01-P