Document ID: SEC-2014-2008-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2014-12-02T05:00Z

[Federal Register Volume 79, Number 231 (Tuesday, December 2, 2014)]
[Notices]
[Pages 71462-71463]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-28306]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

Proposed Collection; Comment Request

Upon Written Request, Copies Available From: U.S. Securities and 
Exchange Commission, Office of FOIA Services, 100 F Street NE., 
Washington, DC 20549-2736.

Extension:
    Rule 12f-1; SEC File No. 270-139, OMB Control No. 3235-0128.

    *COM048*Notice is hereby given that pursuant to the Paperwork 
Reduction Act of 1995 (``PRA) (44 U.S.C. 3501 et seq.), the Securities 
and Exchange Commission (``Commission'') is soliciting comments on the 
collection of information provided for in Rule 12f-1 (17 CFR 240.12f-
1), under the Securities Exchange Act of 1934 (``Act'') (15 U.S.C. 78a 
et seq.). The Commission plans to submit this existing collection of 
information to the Office of Management and Budget (``OMB'') for 
extension and approval.
    Rule 12f-1 (the ``Rule''), originally adopted in 1934 pursuant to 
Sections 12(f) and 23(a) of the Act, as modified in 1995 and 2005, sets 
forth the information which an exchange must include in an application 
to reinstate its ability to extend unlisted trading privileges to any 
security for which such unlisted trading privileges have been suspended 
by the Commission, pursuant to Section 12(f)(2)(A) of the Act. An 
application must provide the name of the issuer, the title of the 
security, the name of each national securities exchange, if any, on 
which the security is listed or admitted to unlisted trading 
privileges, whether transaction information concerning the security is 
reported pursuant to an effective transaction reporting plan 
contemplated by Rule 601 of Regulation NMS, the date of the 
Commission's suspension of unlisted trading privileges in the security 
on the exchange, and any other pertinent information. Rule 12f-1 
further requires a national securities exchange seeking to reinstate 
its ability to extend unlisted trading privileges to a security to 
indicate that it has provided a copy of such application to the issuer 
of the security, as well as to any other national securities exchange 
on which the security is listed or admitted to unlisted trading 
privileges.
    The information required by Rule 12f-1 enables the Commission to 
make the necessary findings under the Act prior to granting 
applications to reinstate unlisted trading privileges. This information 
is also made available to members of the public who may wish to comment 
upon the applications. Without the Rule, the Commission would be unable 
to fulfill these statutory responsibilities.
    There are currently 18 national securities exchanges subject to 
Rule 12f-1. The burden of complying with Rule 12f-1 arises when a 
potential respondent seeks to reinstate its ability to extend unlisted 
trading privileges to any security for which unlisted trading 
privileges have been suspended by the Commission, pursuant to Section 
12(f)(2)(A) of the Act. The staff estimates that each application would 
require approximately one hour to complete.

[[Page 71463]]

Thus each potential respondent would incur on average one burden hour 
in complying with the Rule.
    The Commission staff estimates that there could be as many as 18 
responses annually and that each respondent's related cost of 
compliance with Rule 12f-1 would be $199.00, or, the cost of one hour 
of professional work of a paralegal needed to complete the application. 
The total annual related reporting cost for all potential respondents, 
therefore, is $3,582 (18 responses x $199.00 per response).
    Compliance with Rule 12f-1 is mandatory. Rule 12f-1 does not have a 
record retention requirement per se. However, responses made pursuant 
to Rule 12f-1 are subject to the recordkeeping requirements of Rules 
17a-3 and 17a-4 of the Act. Information received in response to Rule 
12f-1 shall not be kept confidential; the information collected is 
public information.
    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 
estimates of the burden of the proposed 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.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.
    Please direct your written comments to: Pamela Dyson, Acting 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o Remi Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send 
an email to: PRA_Mailbox@sec.gov.

    Dated: November 25, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-28306 Filed 12-1-14; 8:45 am]
BILLING CODE 8011-01-P