Document ID: SEC-2006-0603-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2006-05-10T04:00Z

[Federal Register: May 10, 2006 (Volume 71, Number 90)]
[Notices]               
[Page 27295-27296]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr10my06-109]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Request for Public Comment

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549.

Extension:
    Rule 17a-6; SEC File No. 270-433; OMB Control No. 3235-0489.

[[Page 27296]]

    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-6 (17 CFR 240.17a-6) under the Securities Exchange Act of 
1934 permits national securities exchanges, national securities 
associations, registered clearing agencies, and the Municipal 
Securities Rulemaking Board (collectively, ``SROs'') to destroy or 
convert to microfilm or other recording media records maintained under 
Rule 17a-1, if they have filed a record destruction plan with the 
Commission and the Commission has declared such plan effective.
    There are currently 22 SROs: 10 national securities exchanges, 1 
national securities association, 10 registered clearing agencies, and 
the Municipal Securities Rulemaking Board. These respondents file no 
more than one record destruction plan per year, which requires 
approximately 160 hours for each new plan. However, the Commission is 
discounting that figure given its experience to date with the number of 
plans that have been filed. Further, any existing SRO record 
destruction plans may require revision, over time, in response to, for 
example, changes in document retention technology, which the Commission 
estimates will take much less than the 160 hours estimated for a new 
plan. Thus, the total annual compliance burden is estimated to be 60 
hours, based on an estimated two respondents per year. The approximate 
cost per hour is $250, resulting in a total cost of compliance for 
    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 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.
    Please direct your written comments to: (i) The 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 David_Rostker@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 by sending 
an e-mail to PRA_Mailbox@sec.gov. Comments must be submitted within 60 
days of this notice.

    Dated: May 3, 2006.
Nancy M. Morris,
Secretary.
 [FR Doc. E6-7113 Filed 5-9-06; 8:45 am]

BILLING CODE 8010-01-P