Document ID: SEC-2006-0427-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2006-03-30T05:00Z

[Federal Register: March 30, 2006 (Volume 71, Number 61)]
[Notices]               
[Page 16182-16183]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr30mr06-98]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; Comment Request

Upon written request, copies available from: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549.

Extension: Rule 15c2-1; SEC File No. 270-418; OMB Control No. 3235-
0485.

    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'') has submitted to the Office of Management 
and Budget

[[Page 16183]]

requests for approval of extension on the following rule: Rule 15c2-1.
    Rule 15c2-1 under the Securities Exchange Act of 1934 (17 CFR 
240.15c2-1) prohibits the commingling under the same lien of securities 
of margin customers (a) with other customers without their written 
consent and (b) with the broker or dealer. The rule also prohibits the 
rehypothecation of customers' margin securities for a sum in excess of 
the customer's aggregate indebtedness. See Securities Exchange Act 
Release No. 2690 (November 15, 1940); Securities Exchange Act Release 
No. 9428 (December 29, 1971). Pursuant to Rule 15c2-1, respondents must 
collect information necessary to prevent the rehypothecation of 
customer securities in contravention of the rule, issue and retain 
copies of notices of hypothecation of customer securities in accordance 
with the rule, and collect written consents from customers in 
accordance with the rule. The information is necessary to ensure 
compliance with the rule and to advise customers of the rule's 
protections.
    There are approximately 145 respondents (i.e., broker-dealers that 
carry or clear customer accounts that also have bank loans) that 
require an aggregate total of 3263 hours to comply with the rule. Each 
of these approximately 145 registered broker-dealers makes an estimated 
45 annual responses. Each response takes approximately 0.5 hours to 
complete. Thus, the total compliance burden per year is 3263 burden 
hours.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    Comments regarding the estimated burden hours should be directed 
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, Virginia 22312 or send an e-mail to: PRA_Mailbox@sec.gov. 
Comments must be submitted to OMB within 30 days of this notice.

    Dated: March 23, 2006.
Nancy M. Morris,
Secretary.
 [FR Doc. E6-4624 Filed 3-29-06; 8:45 am]

BILLING CODE 8010-01-P