Document ID: SEC-2007-0919-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2007-07-09T04:00Z

[Federal Register: July 9, 2007 (Volume 72, Number 130)]
[Notices]               
[Page 37277]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09jy07-117]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

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

Extension:
    Rule 6h-1; SEC File No. 270-497; OMB Control No. 3235-0555.

    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.
    The Securities Exchange Act of 1934 (``Act'') requires national 
securities exchanges and national securities associations that trade 
security futures products to establish listing standards that, among 
other things, require: (1) Trading in such products not be readily 
susceptible to price manipulation; and (2) the market trading a 
security futures product to have in place procedures to coordinate 
trading halts with the listing market for the security or securities 
underlying the security futures product. Rule 6h-1 under the Act \1\ 
implements these statutory requirements and requires national 
securities exchanges and national securities associations that trade 
security futures products: (1) To use final settlement prices for cash-
settled security futures that fairly reflect the opening price of the 
underlying security or securities, and (2) to have rules providing that 
the trading of a security futures product based on a single security 
shall be halted at all times that a regulatory halt has been instituted 
for the underlying security, and that the trading of a security futures 
product based on a narrow-based security index shall be halted at all 
times that a regulatory halt has been instituted for one or more of the 
underlying securities that constitute 50 percent or more of the market 
capitalization of the narrow-based security index.
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    \1\ 17 CFR 240.6h-1.
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    It is estimated that approximately seventeen respondents will incur 
an average burden of ten hours per year to comply with this rule, for a 
total burden of 170 hours. At an average cost per hour of approximately 
$197, the resultant total cost of compliance for the respondents is 
$33,490 per year (seventeen entities x ten hours/entity x $197/hour = 
$33,490).
    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 
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.
    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, VA 22312 or send an 
email to: PRA_Mailbox@sec.gov. Comments must be submitted within 60 
days of this notice.

    Dated: July 2, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-13176 Filed 7-6-07; 8:45 am]

BILLING CODE 8010-01-P